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FAIR VALUE MEASUREMENTS (Tables) | 3 Months Ended | 4 Months Ended
--- | --- | ---
Mar. 31, 2021 | Dec. 31, 2020
Fair Value Disclosures [Abstract] |  |
Schedule of company's assets that are measured at fair value on a recurring basis | The following table presents information about the Company’s assets and liabilities that are measured at fair value on a recurring basis at March 31, 2021 and December 31, 2020, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:
Description |  | Level |  |  | March 31, 2021 |  |  | December 31, 2020 |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Marketable securities held in Trust Account |  |  | 1 |  |  | $ | 92,026,912 |  |  | $ | 91,997,501 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Warrant liability – Public Warrants |  |  | 1 |  |  | $ | 2,484,000 |  |  | $ | 3,250,667 |
Warrant liability – Private Placement Warrants |  |  | 3 |  |  |  | 117,180 |  |  |  | 153,347 |
| The following table presents information about the Company’s assets that are measured at fair value on a recurring basis at December 31, 2020, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:
Description |  | Level |  |  | December 31, 2020 |
Assets: |  |  |  |  |  |  |  |
Marketable securities held in Trust Account |  |  | 1 |  |  | $ | 91,997,501 |
Liabilities: |  |  |  |  |  |  |  |
Warrant Liability – Public Warrants |  |  | 1 |  |  |  | 3,250,667 |
Warrant Liability – Private Placement Warrants |  |  | 3 |  |  |  | 153,347 |
Summary of key Inputs into the Binomial Lattice Simulation Model for the Private Placement Warrants and Public Warrants |  | The key inputs into the binomial lattice simulation model for the Private Placement Warrants and Public Warrants were as follows at initial measurement:
Input |  | November 23, 2020 (Initial Measurement) |  |  | December 3 1 , 2020 |
Risk-free interest rate |  |  | 0.4 | % |  |  | 0.4 | %
Expected term (years)5 |  |  | 5 |  |  |  | 5 |
Expected volatility |  |  | 12.0 | % |  |  | 16 | %
Exercise price |  | $ | 11.50 |  |  | $ | 11.50 |
Fair value of Units |  | $ | 9.81 |  |  | $ | 10.12 |
Summary of fair value of the warrant liabilities | The following table presents the changes in the fair value of warrant liabilities:
|  | Private Placement |  |  | Public |  |  | Warrant Liabilities |
Fair value as of January 1, 2021 |  | $ | 153,347 |  |  | $ | 3,250,667 |  |  | $ | 3,404,014 |
Change in valuation inputs or other assumptions |  |  | (36,167 | ) |  |  | (766,667 | ) |  |  | (802,834 | )
Fair value as of March 31, 2021 |  | $ | 117,180 |  |  | $ | 2,484,000 |  |  | $ | 2,601,180 |
| The following table presents the changes in the fair value of warrant liabilities:
|  | Private Placement |  |  | Public |  |  | Warrant Liabilities |
|  | $ | — |  |  | $ | — |  |  | $ | — |
Initial measurement on November 23, 2020 |  |  | 77,900 |  |  |  | 1,520,000 |  |  |  | 1,597,900 |
Change in valuation inputs or other assumptions |  |  | 75,447 |  |  |  | 1,730,667 |  |  |  | 1,806,114 |
Fair value as of December 31, 2020 |  | $ | 153,347 |  |  | $ | 3,250,667 |  |  | $ | 3,404,014 |

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- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of financial instrument classified as a derivative asset (liability) after deduction of derivative liability (asset) using recurring unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19279-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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