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RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS (Tables) | 6 Months Ended
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Dec. 31, 2020
Accounting Changes and Error Corrections [Abstract] |
Schedule of Error Corrections and Prior Period Adjustments | The following summarizes the effect of the Restatement on each financial statement line item for each period presented herein and as of the date of the Company’s consummation of its IPO.
|  | As Previously Reported |  |  | Adjustments |  |  | As Restated |
Balance sheet as of September 17, 2020 (audited) |  |  |  |  |  |  |  |  |  |  |  |
Warrant Liability |  | $ | — |  |  | $ | 16,290,000 |  |  | $ | 16,290,000 |
Total Liabilities |  |  | 8,579,943 |  |  |  | 16,290,000 |  |  |  | 24,869,943 |
Class A Common Stock Subject to Possible Redemption |  |  | 218,646,370 |  |  |  | (16,290,000 | ) |  |  | 202,384,370 |
Class A common stock |  |  | 113 |  |  |  | 163 |  |  |  | 276 |
Additional Paid-in Capital |  |  | 5,001,136 |  |  |  | 579,837 |  |  |  | 5,580,973 |
Accumulated Deficit |  |  | (1,818 | ) |  |  | (580,000 | ) |  |  | (581,818 | )
Total Stockholders’ Equity |  |  | 5,000,006 |  |  |  | — |  |  |  | 5,000,006 |
Balance sheet as of September 30, 2020 (unaudited) |  |  |  |  |  |  |  |  |  |  |  |
Warrant Liability |  | $ | — |  |  | $ | 16,109,000 |  |  | $ | 16,109,000 |
Total Liabilities |  |  | 8,101,692 |  |  |  | 16,109,000 |  |  |  | 24,210,692 |
Class A Common Stock Subject to Possible Redemption |  |  | 218,646,030 |  |  |  | (16,109,000 | ) |  |  | 202,537,030 |
Class A common stock |  |  | 114 |  |  |  | 161 |  |  |  | 275 |
Additional Paid-in Capital |  |  | 5,029,475 |  |  |  | 398,839 |  |  |  | 5,428,314 |
Accumulated deficit |  |  | (30,155 | ) |  |  | (399,000 | ) |  |  | (429,155 | )
Total Stockholders’ Equity |  |  | 5,000,009 |  |  |  | — |  |  |  | 5,000,009 |
Balance sheet as of December 31, 2020 (audited) |  |  |  |  |  |  |  |  |  |  |  |
Warrant Liability |  | $ | — |  |  | $ | 23,530,000 |  |  | $ | 23,530,000 |
Total Liabilities |  |  | 8,365,328 |  |  |  | 23,530,000 |  |  |  | 31,895,328 |
Class A Common Stock Subject to Possible Redemption |  |  | 218,249,000 |  |  |  | (23,530,000 | ) |  |  | 194,719,000 |
Class A Common Stock |  |  | 118 |  |  |  | 235 |  |  |  | 353 |
Additional Paid-in Capital |  |  | 5,426,501 |  |  |  | 7,819,765 |  |  |  | 13,246,266 |
Accumulated Deficit |  |  | (427,187 | ) |  |  | (7,820,000 | ) |  |  | (8,247,187 | )
Total Stockholders’ Equity |  |  | 5,000,007 |  |  |  | — |  |  |  | 5,000,007 |
Statement of operations for the three months ended September 30, 2020 (unaudited) |  |  |  |  |  |  |  |  |  |  |  |
Change in fair value of warrant liability |  |  | — |  |  |  | 181,000 |  |  |  | 181,000 |
Transaction costs allocated to warrant liability |  |  | — |  |  |  | (580,000 | ) |  |  | (580,000 | )
Loss before provision for income taxes |  |  | (30,155 | ) |  |  | (399,000 | ) |  |  | (429,155 | )
Net loss |  |  | (30,155 | ) |  |  | (399,000 | ) |  |  | (429,155 | )
Basic and diluted net loss per share: |  |  |  |  |  |  |  |  |  |  |  |
Class B common stock |  |  | (0.01 | ) |  |  | (0.06 | ) |  |  | (0.07 | )
Statement of operations for the Period from June 23, 2020 (inception) to September 30, 2020 (unaudited) |  |  |  |  |  |  |  |  |  |  |  |
Change in fair value of warrant liability |  |  | — |  |  |  | 181,000 |  |  |  | 181,000 |
Transaction costs allocated to warrant liability |  |  | — |  |  |  | (580,000 | ) |  |  | (580,000 | )
Loss before provision for income taxes |  |  | (30,155 | ) |  |  | (399,000 | ) |  |  | (429,155 | )
Net loss |  |  | (30,155 | ) |  |  | (399,000 | ) |  |  | (429,155 | )
Basic and diluted net loss per share: |  |  |  |  |  |  |  |  |  |  |  |
Class B common stock |  |  | (0.01 | ) |  |  | (0.06 | ) |  |  | (0.07 | )
|  | As Previously Reported |  |  | Adjustments |  |  | As Restated |
Statement of operations for the Period from June 23, 2020 (inception) to December 31, 2020 (audited) |  |  |  |  |  |  |  |  |  |  |  |
Change in fair value of warrant liability |  |  | — |  |  |  | (7,240,000 | ) |  |  | (7,240,000 | )
Transaction costs allocated to warrant liability |  |  | — |  |  |  | (580,000 | ) |  |  | (580,000 | )
Net loss |  |  | (427,187 | ) |  |  | (7,820,000 | ) |  |  | (8,247,187 | )
Basic and diluted net loss per share: |  |  |  |  |  |  |  |  |  |  |  |
Class B common stock |  |  | (0.08 | ) |  |  | (1.43 | ) |  |  | (1.51 | )
Cash flow statement for the period from June 23, 2020 (inception) to September 30, 2020 (unaudited) |  |  |  |  |  |  |  |  |  |  |  |
Net loss |  |  | (30,155 | ) |  |  | (399,000 | ) |  |  | (429,155 | )
Change in fair value of warrant liability |  |  | — |  |  |  | (181,000 | ) |  |  | (181,000 | )
Transaction costs allocated to warrant liability |  |  | — |  |  |  | 580,000 |  |  |  | 580,000 |
Net cash used in operating activities |  |  | (24,003 | ) |  |  | — |  |  |  | (24,003 | )
Cash flow statement for the period from June 23, 2020 (inception) to December 31, 2020 (audited) |  |  |  |  |  |  |  |  |  |  |  |
Net loss |  |  | (427,187 | ) |  |  | (7,820,000 | ) |  |  | (8,247,187 | )
Change in fair value of warrant liability |  |  | — |  |  |  | 7,240,000 |  |  |  | 7,240,000 |
Transaction costs allocated to warrant liability |  |  | — |  |  |  | 580,000 |  |  |  | 580,000 |
Net cash used in operating activities |  |  | (455,960 | ) |  |  | — |  |  |  | (455,960 | )

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- Definition Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22663-107794 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22644-107794 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22658-107794 + Details
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