2022 Q4 Form 10-K Financial Statement

#000121390023018542 Filed on March 08, 2023

View on sec.gov

Income Statement

Concept 2022 Q4 2022 2021
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $4.465M $16.57M $11.41M
YoY Change 30.36% 45.19% 137.75%
% of Gross Profit
Research & Development $9.282M $34.63M $25.42M
YoY Change 7.22% 36.21% 60.05%
% of Gross Profit
Depreciation & Amortization $273.0K $975.0K $377.0K
YoY Change 40.72% 158.62%
% of Gross Profit
Operating Expenses $13.75M $51.20M $36.83M
YoY Change 13.78% 38.99% 78.08%
Operating Profit -$51.20M -$36.83M
YoY Change 38.99%
Interest Expense $0.00 $0.00 -$3.501M
YoY Change -100.0% -100.0% -68.13%
% of Operating Profit
Other Income/Expense, Net $536.0K $586.0K $9.697M
YoY Change -82.26% -93.96%
Pretax Income -$13.21M -$37.69M -$30.64M
YoY Change 45.87% 23.0% -3.26%
Income Tax
% Of Pretax Income
Net Earnings -$13.21M -$37.69M -$30.64M
YoY Change 45.87% 23.0% -3.26%
Net Earnings / Revenue
Basic Earnings Per Share -$1.03 -$2.69
Diluted Earnings Per Share -$0.31 -$1.03 -$809.3K
COMMON SHARES
Basic Shares Outstanding 36.48M shares 11.39M shares
Diluted Shares Outstanding 36.48M shares 11.39M shares

Balance Sheet

Concept 2022 Q4 2022 2021
SHORT-TERM ASSETS
Cash & Short-Term Investments $38.25M $38.25M $84.70M
YoY Change -54.84% -54.84% 326.96%
Cash & Equivalents $38.25M $38.25M $84.70M
Short-Term Investments
Other Short-Term Assets $246.0K $2.568M $2.432M
YoY Change 1071.43% 5.59% 884.62%
Inventory
Prepaid Expenses
Receivables
Other Receivables $118.0K
Total Short-Term Assets $41.73M $41.73M $87.83M
YoY Change -52.49% -52.49% 324.61%
LONG-TERM ASSETS
Property, Plant & Equipment $3.568M $5.454M $4.833M
YoY Change -3.2% 12.85% 138.2%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $759.0K $1.176M $990.0K
YoY Change 17.67% 18.79% 53.97%
Total Long-Term Assets $6.630M $6.630M $5.823M
YoY Change 13.86% 13.86% 117.93%
TOTAL ASSETS
Total Short-Term Assets $41.73M $41.73M $87.83M
Total Long-Term Assets $6.630M $6.630M $5.823M
Total Assets $48.36M $48.36M $93.65M
YoY Change -48.36% -48.36% 300.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.768M $1.768M $3.919M
YoY Change -54.89% -54.89% 176.57%
Accrued Expenses $5.103M $5.103M $4.101M
YoY Change 45.14% 24.43% 61.71%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $7.065M $7.065M $8.020M
YoY Change -11.91% -11.91% 99.9%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.353M $5.307M $16.12M
YoY Change 265.94% -67.07% 51.54%
Total Long-Term Liabilities $2.353M $5.307M $16.12M
YoY Change 265.94% -67.07% 51.54%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.065M $7.065M $8.020M
Total Long-Term Liabilities $2.353M $5.307M $16.12M
Total Liabilities $12.37M $12.37M $24.14M
YoY Change -48.74% -48.74% 64.78%
SHAREHOLDERS EQUITY
Retained Earnings -$105.1M
YoY Change 55.87%
Common Stock $4.000K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $35.99M $35.99M $69.52M
YoY Change
Total Liabilities & Shareholders Equity $48.36M $48.36M $93.65M
YoY Change -48.36% -48.36% 300.97%

Cashflow Statement

Concept 2022 Q4 2022 2021
OPERATING ACTIVITIES
Net Income -$13.21M -$37.69M -$30.64M
YoY Change 45.87% 23.0% -3.26%
Depreciation, Depletion And Amortization $273.0K $975.0K $377.0K
YoY Change 40.72% 158.62%
Cash From Operating Activities -$12.65M -$45.86M -$33.68M
YoY Change -13.29% 36.17% 84.37%
INVESTING ACTIVITIES
Capital Expenditures $82.00K $576.0K -$2.428M
YoY Change -111.53% -123.72%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$82.00K -$576.0K -$2.428M
YoY Change -88.47% -76.28%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $28.00K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 28.00K $55.00K 101.0M
YoY Change -103.08% -99.95% 794.56%
NET CHANGE
Cash From Operating Activities -12.65M -$45.86M -33.68M
Cash From Investing Activities -82.00K -$576.0K -2.428M
Cash From Financing Activities 28.00K $55.00K 101.0M
Net Change In Cash -12.70M -$46.38M 64.86M
YoY Change -21.62% -171.5%
FREE CASH FLOW
Cash From Operating Activities -$12.65M -$45.86M -$33.68M
Capital Expenditures $82.00K $576.0K -$2.428M
Free Cash Flow -$12.73M -$46.43M -$31.25M
YoY Change -8.25% 48.59%

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CY2021 jspr Recognitionsettlement Of Derivatives Tranche Liability
RecognitionsettlementOfDerivativesTrancheLiability
-11659000 usd
CY2022 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
72000 usd
CY2022 us-gaap Nature Of Operations
NatureOfOperations
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>NOTE 1. ORGANIZATION AND DESCRIPTION OF BUSINESS</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i> </i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b><i>Description of Business </i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif">Jasper Therapeutics, Inc. (“Jasper” or the “Company”), formerly known as Amplitude Healthcare Acquisition Corporation (“AMHC”), is a clinical-stage biotechnology company dedicated to enabling cures through therapeutics targeting mast and hemopoietic stem cells. The Company is focused on the development and commercialization of safer <span style="background-color: white">and</span> more effective therapeutic agents for diseases such as Chronic Spontaneous Urticaria, Lower to Intermediate Risk Myelodysplastic Syndrome and novel conditioning regimens for stem cell transplantation and <span style="background-color: white">ex-vivo</span> gene <span style="background-color: white">therapy, a technique in which genetic manipulation of cells is performed outside of the body prior to transplantation. </span>The Company is headquartered in Redwood City, California.</span> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">On September 24, 2021 (the “Closing Date”), the Company consummated the previously announced business combination (the “Business Combination” or “Reverse Recapitalization” for accounting purposes) pursuant to the terms of the Business Combination Agreement, dated as of May 5, 2021 (the “BCA”), by and among AMHC, Ample Merger Sub, Inc., a then-wholly-owned subsidiary of AMHC (“Merger Sub”), and the pre-Business Combination Jasper Therapeutics, Inc. (now named Jasper Tx Corp.) (“Old Jasper”). Pursuant to the terms of the BCA, on the Closing Date, (i) Merger Sub merged with and into Old Jasper, with Old Jasper as the surviving company in the Business Combination, and, after giving effect to such Business Combination, Old Jasper became a wholly-owned subsidiary of AMHC and changed its name to “Jasper Tx Corp.”, and (ii) AMHC changed its name to “Jasper Therapeutics, Inc.”.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">In addition, concurrently with the execution of the BCA, certain investors (“PIPE Investors”) entered into Subscription Agreements with AMHC whereby such investors subscribed for the purchase of an aggregate of 10,000,000 shares of AMHC’s Class A Common Stock at a price of $10.00 per share for aggregate gross proceeds of $100.0 million (“PIPE Financing”). The PIPE Financing was consummated concurrently with the closing of the Business Combination.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">Please refer to Note 3, “Reverse Recapitalization”, for further details of the Business Combination.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i> </i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i>Liquidity and <span style="background-color: white">Going Concern</span></i></b>  </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">The Company has incurred significant losses and negative cash flows from operations since its inception. During the years ended December 31, 2022 and 2021, the Company incurred net losses of $37.7 million and $30.6 million, respectively. During the years ended December 31, 2022 and 2021, the Company had negative operating cash flows of $45.9 million and $33.7 million, respectively. As of December 31, 2022, the Company had an accumulated deficit of $105.1 million. The Company expects to continue to incur substantial losses, and its ability to achieve and sustain profitability will depend on the successful development, approval, and commercialization of product candidates and on the achievement of sufficient revenues to support the Company’s cost structure.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">As of December 31, 2022, the Company had cash and cash equivalents of $38.3 million. The Company’s management expects that the existing cash and cash equivalents, together with the total estimated net proceeds of $101.4 million from the public offering that closed in January 2023 and the sale of shares of common stock pursuant to the ATM Prospectus Supplement in January 2023, will be sufficient to fund the Company’s operating plans for at least twelve months from the issuance date of these consolidated financial statements. Therefore, based on management’s updated evaluation of the Company’s ability to continue as a going concern, management has concluded the factors that previously raised substantial doubt about the Company’s ability to continue as a going concern no longer exist as of the issuance date of these consolidated financial statements. However, the Company will need to raise additional financing to continue its products’ development for the foreseeable future, and will continue to need to do so until it becomes profitable. The Company’s management plans to monitor expenses and raise additional capital through a combination of public and private equity, debt financings, strategic alliances, and licensing arrangements. The Company’s ability to access capital when needed is not assured and, if capital is not available to the Company when, and in the amounts needed, the Company may be required to significantly curtail, delay or discontinue one or more of its research or development programs or the commercialization of any product candidate, or be unable to expand its operations or otherwise capitalize on the Company’s business opportunities, as desired, which could materially harm the Company’s business, financial condition and results of operations.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">The consolidated financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. The consolidated financial statements do not reflect any adjustments relating to the recoverability and reclassifications of assets and liabilities that might be necessary if the Company is unable to continue as a going concern.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i>Coronavirus Pandemic</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">While conditions related to the COVID-19 pandemic improved in 2022 compared to 2021, the pandemic continues to be dynamic, and near-term challenges across the economy remain. While the Company’s operations to date have not been significantly impacted by the <span style="background-color: white">continuing </span>COVID-19 pandemic, it cannot at this time predict the specific extent, duration, or full impact that the COVID-19 pandemic will have on its business, financial condition and operations, as the ongoing effects of COVID-19 remain difficult to predict due to numerous uncertainties, including the severity, duration and resurgence of the outbreak, new variants and the contagiousness of these new variants, the effectiveness of health and safety measures, including vaccines and therapies, government and community responses, the pace and strength of the economic recovery, supply chain pressures, and potential delays in enrollment in clinical trials, among others. The impact of the COVID-19 pandemic on the Company’s financial performance will depend on future developments, including the duration and spread of the pandemic, its impact on the Company’s clinical trial enrollment, trial sites, contract research organizations (“CROs”), contract manufacturing organizations (“CMOs”), and other third parties with whom it does business, its impact on regulatory authorities and the Company’s key scientific and management personnel, progress and effectiveness of vaccinations and related governmental advisories and restrictions. These developments and the impact of the COVID-19 pandemic on the financial markets and the overall economy are highly uncertain and cannot be predicted. The Company will continue to actively monitor the effects of the COVID-19 pandemic and will continue to take appropriate steps to attempt to mitigate the impacts to its employees, business, financial condition and operations.</p>
CY2022 us-gaap Profit Loss
ProfitLoss
37700000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
30600000 usd
CY2022 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
45900000 usd
CY2021 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
33700000 usd
CY2022Q4 us-gaap Accumulated Capitalized Interest Costs
AccumulatedCapitalizedInterestCosts
105100000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
38300000 usd
CY2022 jspr Aggregate Gross Proceeds
AggregateGrossProceeds
101400000 usd
CY2022 us-gaap Convertible Preferred Stock Terms Of Conversion
ConvertiblePreferredStockTermsOfConversion
All historical share data and per-share amounts were retrospectively adjusted to reflect the effect of the exchange ratio of 0.2823780 per one share, which was determined at the closing of the Reverse Recapitalization, except for the 100 shares of Series A-2 redeemable convertible preferred stock.
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i>Use of Estimates</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates, assumptions and judgements that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities as of the date of the consolidated financial statements and the reported amounts of income and expenses during the reporting periods. Significant estimates and assumptions made in the consolidated financial statements include but are not limited to the valuation of common and redeemable convertible preferred stock before the Reverse Recapitalization, the determination of the incremental borrowing rate used for operating lease liabilities, valuation of derivative liability before the Reverse Recapitalization, valuation of earnout liability and the measurement of stock-based compensation expense. The Company evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors and adjusts those estimates and assumptions when facts and circumstances dictate. Actual results could materially differ from those estimates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i> </i></b></p>
CY2022Q4 jspr Common Stock Of Amhc Outstanding Prior To The Business Combination
CommonStockOfAMHCOutstandingPriorToTheBusinessCombination
12500000 shares
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
38250000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
84701000 usd
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
417000 usd
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
345000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
38667000 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
85046000 usd
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i>Concentrations of Credit Risk and Other Risks and Uncertainties</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">The Company’s cash and cash equivalents are maintained with financial institutions in the United States of America. Management believes that these financial institutions are financially sound. The Company has not experienced any losses on its cash and cash equivalents.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">The Company is subject to risks common to companies in the development stage, including, but not limited to, development and regulatory approval of new product candidates, development of markets and distribution channels, dependence on key personnel, and the ability to obtain additional capital as needed to fund its product plans. To achieve profitable operations, the Company must successfully develop and obtain requisite regulatory approvals for, manufacture, and market its product candidates. There can be no assurance that any such product candidate can be developed and approved or manufactured at an acceptable cost and with appropriate performance characteristics, or that such product will be successfully marketed. These factors could have a material adverse effect on the Company’s future financial results.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36pt">Products developed by the Company require approval from the U.S. Food and Drug Administration (“FDA”) or other international regulatory agencies prior to commercial sales. There can be no assurance that the Company’s future products will receive the necessary clearances. If the Company were denied such clearances or such clearances were delayed, it could have a materially adverse impact on the Company.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i> </i></b></p>
CY2022 us-gaap Stock Issued During Period Shares Share Based Compensation Forfeited
StockIssuedDuringPeriodSharesShareBasedCompensationForfeited
200000 shares
CY2022Q4 jspr Redemption Of Amhc Shares
RedemptionOfAMHCShares
-9262099 shares
CY2022Q4 jspr Common Stock Shares
CommonStockShares
3037901 shares
CY2022Q4 jspr Shares Issued In Pipe Financing
SharesIssuedInPIPEFinancing
10000000 shares
CY2022Q4 jspr Business Combination And Pipe Financing Shares
BusinessCombinationAndPIPEFinancingShares
13037901 shares
CY2022 jspr Lease Term Year
LeaseTermYear
P1Y
CY2022Q4 us-gaap Common Stock Other Shares Outstanding
CommonStockOtherSharesOutstanding
4999863 shares
CY2022Q4 jspr Common Stocks Shares Issued
CommonStocksSharesIssued
1050000 shares
CY2022Q4 jspr Old Jasper Shares
OldJasperShares
24778409 shares
CY2022Q4 jspr Total Shares Of Common Stock Immediately After The Business Combination
TotalSharesOfCommonStockImmediatelyAfterTheBusinessCombination
37816310 shares
CY2022 jspr Business Combination Descriptions
BusinessCombinationDescriptions
In accordance with the BCA, at the closing of the Business Combination, each share of Old Jasper common stock and Old Jasper redeemable convertible preferred stock outstanding immediately prior to the closing was automatically cancelled, extinguished and converted into the number of shares of the Company’s common stock or, in certain circumstances, the Company’s non-voting common stock, based on Old Jasper’s equity value of $275.0 million divided by $10.00. The exchange ratio agreed between the parties was one-for-0.282378 share of the Company’s common stock for all Old Jasper stockholders, except for Amgen Inc. (“Amgen”).
CY2022Q4 jspr Common Stock Represented
CommonStockRepresented
0.08 pure
CY2022 jspr Received Shares
ReceivedShares
1050000 shares
CY2022 jspr Net Proceeds
NetProceeds
95300000 usd
CY2022 jspr Cash Held In Trust Account
CashHeldInTrustAccount
5500000 usd
CY2022 jspr Cash Received
CashReceived
100000000 usd
CY2022 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
1200000 usd
CY2022Q4 us-gaap Business Acquisition Cost Of Acquired Entity Transaction Costs
BusinessAcquisitionCostOfAcquiredEntityTransactionCosts
5300000 usd
CY2022Q4 us-gaap Assets Net
AssetsNet
600000 usd
CY2022 jspr Warrant Liabilities
WarrantLiabilities
7900000 usd
CY2022Q4 jspr Fair Value Earnout Liability
FairValueEarnoutLiability
15000000 usd
CY2021Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
2056000 usd
CY2022 us-gaap Equipment Expense
EquipmentExpense
1706000 usd
CY2022Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
37250000 usd
CY2022Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
37250000 usd
CY2022Q4 jspr Common Stock Warrant Liability
CommonStockWarrantLiability
150000 usd
CY2022Q4 us-gaap Other Liabilities
OtherLiabilities
18000 usd
CY2022Q4 us-gaap Fair Value Net Asset Liability
FairValueNetAssetLiability
168000 usd
CY2021Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
83701000 usd
CY2021Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
83701000 usd
CY2021Q4 jspr Common Stock Warrant Liability
CommonStockWarrantLiability
7350000 usd
CY2021Q4 us-gaap Other Liabilities
OtherLiabilities
5743000 usd
CY2021Q4 us-gaap Fair Value Net Asset Liability
FairValueNetAssetLiability
13093000 usd
CY2021 jspr Derivative Tranche Liability
DerivativeTrancheLiability
3500000 usd
CY2022Q4 jspr Redeemable Convertible Preferred Stock Value
RedeemableConvertiblePreferredStockValue
1.57 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
0.75
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0 pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0 pure
CY2021 us-gaap Equipment Expense
EquipmentExpense
1569000 usd
CY2022Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
502000 usd
CY2022Q4 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
18 usd
CY2022 jspr Valuation Methodology
ValuationMethodology
Monte Carlo Simulation
CY2022 jspr Common Stock Price
CommonStockPrice
0.48
CY2022 jspr Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm
P1Y8M23D
CY2022 jspr Expected Volatility
ExpectedVolatility
1.05 pure
CY2022 jspr Riskfree Interest Rate
RiskfreeInterestRate
0.044 pure
CY2021Q4 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
5743 usd
CY2021 jspr Valuation Methodology
ValuationMethodology
Monte Carlo Simulation
CY2021 jspr Common Stock Price
CommonStockPrice
7.85
CY2021 jspr Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm
P2Y8M23D
CY2021 jspr Expected Volatility
ExpectedVolatility
0.74 pure
CY2021 jspr Riskfree Interest Rate
RiskfreeInterestRate
0.009 pure
CY2022 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
1362000 usd
CY2021 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
2074000 usd
CY2022 us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
842000 usd
CY2021 us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
139000 usd
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
250000 usd
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
548000 usd
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
246000 usd
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
219000 usd
CY2022Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
118000 usd
CY2021Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
150000 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Noncurrent
PrepaidExpenseAndOtherAssetsNoncurrent
2818000 usd
CY2021Q4 us-gaap Prepaid Expense And Other Assets Noncurrent
PrepaidExpenseAndOtherAssetsNoncurrent
3130000 usd
CY2022Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
2477000 usd
CY2021Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
208000 usd
CY2022Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
145000 usd
CY2021Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
140000 usd
CY2022Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
90000 usd
CY2021Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
90000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4920000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4063000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1352000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
377000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3568000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3686000 usd
CY2022 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
1000000 usd
CY2021 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
400000 usd
CY2022Q4 jspr Research And Development Accrued Expenses
ResearchAndDevelopmentAccruedExpenses
2651000 usd
CY2021Q4 jspr Research And Development Accrued Expenses
ResearchAndDevelopmentAccruedExpenses
1660000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1587000 usd
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1151000 usd
CY2021Q4 jspr License Option Liability Current
LicenseOptionLiabilityCurrent
200000 usd
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
194000 usd
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
585000 usd
CY2022Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
4432000 usd
CY2021Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
3596000 usd
CY2022Q4 jspr Derivative Liability
DerivativeLiability
2264000 usd
CY2021Q4 jspr Derivative Liability
DerivativeLiability
600000 usd
CY2021Q4 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
24000 usd
CY2022Q4 jspr Restricted Stock Liabilities
RestrictedStockLiabilities
9000 usd
CY2021Q4 jspr Restricted Stock Liabilities
RestrictedStockLiabilities
19000 usd
CY2022Q4 us-gaap Other Liabilities And Deferred Revenue Noncurrent
OtherLiabilitiesAndDeferredRevenueNoncurrent
80000 usd
CY2022Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
2353000 usd
CY2021Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
643000 usd
CY2020Q4 us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
2300000 usd
CY2022 jspr Percentage Of Licensing Fees
PercentageOfLicensingFees
0.001 pure
CY2022 jspr Fund Technology
FundTechnology
1000000 usd
CY2022 us-gaap Debt Conversion Converted Instrument Rate
DebtConversionConvertedInstrumentRate
0.60 pure
CY2022Q4 us-gaap Investment Interest Rate
InvestmentInterestRate
0.25 pure
CY2021Q1 jspr Received Aggregate From Cirm
ReceivedAggregateFromCIRM
600000 usd
CY2021Q1 jspr Received Aggregate From Cirm
ReceivedAggregateFromCIRM
600000 usd
CY2021Q4 us-gaap Deferred Long Term Liability Charges
DeferredLongTermLiabilityCharges
600000 usd
CY2022Q4 jspr Other Receivables Milestone
OtherReceivablesMilestone
1000000 usd
CY2022Q4 jspr Other Receivables Milestone
OtherReceivablesMilestone
700000 usd
CY2022 jspr Amount Future Distribution Under Grant Value
AmountFutureDistributionUnderGrantValue
50000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
200000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
0 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
200000 usd
CY2022 jspr Annual License Maintenance Fees Description
AnnualLicenseMaintenanceFeesDescription
The Company will pay annual license maintenance fees, beginning on the first anniversary of the effective date of the agreement and ending upon the first commercial sale of a product, method, or service in the licensed field of use, as follows: $25,000 for each first and second year, $35,000 for each third and fourth year, and $50,000 at each anniversary thereafter ending upon the first commercial sale. The Company is also obligated to pay late-stage clinical development milestones and first commercial sales milestone payments of up to $9.0 million in total. The Company will also pay low single-digit royalties on net sales of licensed products, if approved. The Company paid a $25,000 license maintenance fee in March 2022, which was recognized as research and development expense in the statements of operations and comprehensive loss for the year ended December 31, 2022. 
CY2022 us-gaap Derivative Maturity Dates
DerivativeMaturityDates
2026-09-24
CY2021Q3 us-gaap Equity Method Investment Quoted Market Value
EquityMethodInvestmentQuotedMarketValue
7900000 usd
CY2022 us-gaap Gain Loss On Fair Value Hedges Recognized In Earnings
GainLossOnFairValueHedgesRecognizedInEarnings
7200000 usd
CY2021 us-gaap Gain Loss On Fair Value Hedges Recognized In Earnings
GainLossOnFairValueHedgesRecognizedInEarnings
500000 usd
CY2022 jspr Common Stock Warrants Fair Value
CommonStockWarrantsFairValue
200000 usd
CY2021 jspr Common Stock Warrants Fair Value
CommonStockWarrantsFairValue
7400000 usd
CY2022 jspr Contingent Earnout Liabilities Description
ContingentEarnoutLiabilitiesDescription
Upon the closing of the Business Combination and pursuant to the Sponsor Support Agreement, the Sponsor agreed to place the Earnout Shares into escrow, which will be released as follows: (a) 250,000 Earnout Shares will be released if, during the period from and after September 24, 2021 until September 24, 2024 (the “Earnout Period”), over any twenty trading days within any thirty-day consecutive trading day period, the volume-weighted average price of the Company’s common stock (the “Applicable VWAP”) is greater than or equal to $11.50, (b) 500,000 Earnout Shares will be released if, during the Earnout Period, the Applicable VWAP is greater than or equal to $15.00, and (c) 300,000 Earnout Shares will be released if, during the Earnout Period, the Applicable VWAP is greater than or equal to $18.00 (the “triggering events”). 
CY2020Q3 jspr Rentable Square Feet With Lease Commencement
RentableSquareFeetWithLeaseCommencement
7781 sqm
CY2022Q1 jspr Rentable Square Feet With Lease Commencement
RentableSquareFeetWithLeaseCommencement
5611 sqft
CY2022Q1 jspr Agreement For Square Feet Of Temporary Office Space
AgreementForSquareFeetOfTemporaryOfficeSpace
5144 sqft
CY2022 us-gaap Payments For Rent
PaymentsForRent
100000 usd
CY2022 jspr Lessor Amount
LessorAmount
400000 usd
CY2022 jspr Improvement Allowance Description
ImprovementAllowanceDescription
To complete certain leasehold improvements, the lessor agreed to provide the Company a tenant improvement allowance of $1.5 million as well as an option to take an additional allowance of $0.4 million to be repaid over the lease term at an interest rate of 9% per annum, which the Company exercised.
CY2022Q4 jspr Leasehold Improvement Gross
LeaseholdImprovementGross
300000 usd
CY2021Q4 jspr Leasehold Improvement Gross
LeaseholdImprovementGross
1600000 usd
CY2022 jspr Net Construction Costs Percentage
NetConstructionCostsPercentage
0.05 pure
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
622000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
479000 usd
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
129000 usd
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
326000 usd
CY2022 us-gaap Lease Cost
LeaseCost
751000 usd
CY2021 us-gaap Lease Cost
LeaseCost
805000 usd
CY2022 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
870000 usd
CY2020 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
301000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y7M6D
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y7M6D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.08 pure
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.08 pure
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1119000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1153000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1187000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
740000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
4199000 usd
CY2022Q4 us-gaap Unrecorded Unconditional Purchase Obligation Imputed Interest
UnrecordedUnconditionalPurchaseObligationImputedInterest
548000 usd
CY2022Q4 jspr Operating Leases Liability
OperatingLeasesLiability
3651000 usd
CY2022Q4 jspr Less Current Portion Of Lease Liability
LessCurrentPortionOfLeaseLiability
-865000 usd
CY2022Q4 jspr Noncurrent Portion Of Lease Liability
NoncurrentPortionOfLeaseLiability
2786000 usd
CY2020 jspr Pay Stanford Net
PayStanfordNet
900000 usd
CY2020 jspr Pay Stanford Net Term
PayStanfordNetTerm
P3Y
CY2020 jspr First Milestone Agremment
FirstMilestoneAgremment
300000 usd
CY2022Q1 us-gaap Research And Development Expense Software Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost
300000 usd
CY2021Q1 jspr License Agreements Description
LicenseAgreementsDescription
In March 2021, the Company entered into the Stanford License Agreement (Note 7), pursuant to which the Company is required to pay annual license maintenance fees, beginning on the first anniversary of the effective date of the agreement and ending upon the first commercial sale of a product, method, or service in the licensed field of use, as follows: $25,000 for each first and second year, $35,000 for each third and fourth year, and $50,000 at each anniversary thereafter ending upon the first commercial sale. The Company is also obligated to pay late-stage clinical development milestones and first commercial sales milestone payments of up to $9.0 million in total.
CY2022Q1 us-gaap Direct Taxes And Licenses Costs
DirectTaxesAndLicensesCosts
25000 usd
CY2022Q4 jspr Common Stock Shares Of Voting
CommonStockSharesOfVoting
37134655 shares
CY2021Q4 jspr Common Stock Shares Of Voting
CommonStockSharesOfVoting
36559092 shares
CY2022Q4 jspr Shares Of Nonvoting Common Stock
SharesOfNonvotingCommonStock
911022 shares
CY2021Q4 jspr Shares Of Nonvoting Common Stock
SharesOfNonvotingCommonStock
1296022 shares
CY2021 us-gaap Restricted Stock Expense
RestrictedStockExpense
31000000 usd
CY2022Q4 jspr Outstanding And Issued Common Stock Option
OutstandingAndIssuedCommonStockOption
6169180 shares
CY2021Q4 jspr Outstanding And Issued Common Stock Option
OutstandingAndIssuedCommonStockOption
2660383 shares
CY2022Q4 jspr Common Stock Warrant
CommonStockWarrant
4999863 shares
CY2021Q4 jspr Common Stock Warrant
CommonStockWarrant
4999883 shares
CY2022Q4 us-gaap Capital Units Outstanding
CapitalUnitsOutstanding
2617445 shares
CY2022Q4 jspr Shares Available For Grant Under2021 Equity Incentive Plan
SharesAvailableForGrantUnder2021EquityIncentivePlan
1383661 shares
CY2021Q4 jspr Shares Available For Grant Under2021 Equity Incentive Plan
SharesAvailableForGrantUnder2021EquityIncentivePlan
4422480 shares
CY2022Q4 jspr Shares Available For Grant Under2019 Equity Incentive Plan
SharesAvailableForGrantUnder2019EquityIncentivePlan
1295672 shares
CY2022Q4 jspr Shares Available For Grant Under2021 Employee Stock Purchase Plan
SharesAvailableForGrantUnder2021EmployeeStockPurchasePlan
869117 shares
CY2021Q4 jspr Shares Available For Grant Under2021 Employee Stock Purchase Plan
SharesAvailableForGrantUnder2021EmployeeStockPurchasePlan
550000 shares
CY2022Q4 jspr Total Shares Of Common Stock Reserved
TotalSharesOfCommonStockReserved
17334938 shares
CY2021Q4 jspr Total Shares Of Common Stock Reserved
TotalSharesOfCommonStockReserved
12632746 shares
CY2022Q4 jspr Common Stock
CommonStock
150000000 usd
CY2022Q4 jspr Aggregate Offering Price
AggregateOfferingPrice
15500000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Description
ShareBasedCompensationArrangementByShareBasedPaymentAwardDescription
The number of shares available for issuance under the 2021 Plan will increase annually in an amount equal to the least of (i) 2,750,000 shares, (ii) a number of shares equal to 4% of the total number of shares of all classes of common stock of the Company outstanding on the last day of the immediately preceding fiscal year, or (iii) such lesser number of shares determined by the Company’s Board of Directors (the “Board”) no later than the last day of the immediately preceding fiscal year. The number of shares of common stock available for issuance under the ESPP will increase annually in an amount equal to the least of (i) 550,000 shares of common stock, (ii) a number of shares of common stock equal to 1% of the total number of shares of all classes of common stock of the Company on the last day of the immediately preceding fiscal year, or (iii) such number of shares determined by the Board.
CY2022 us-gaap Stock Dividends Shares
StockDividendsShares
4520610 shares
CY2022 jspr Shares Issued Under Espp
SharesIssuedUnderESPP
59434 shares
CY2022Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
869117 shares
CY2022 jspr Fair Market Value Of Common Stock Percentage
FairMarketValueOfCommonStockPercentage
0.85 pure
CY2022Q4 us-gaap Reporting Unit Percentage Of Fair Value In Excess Of Carrying Amount
ReportingUnitPercentageOfFairValueInExcessOfCarryingAmount
1 pure
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Purchase Price Of Common Stock Percent
SharebasedCompensationArrangementBySharebasedPaymentAwardPurchasePriceOfCommonStockPercent
0.10 pure
CY2022 us-gaap Assets Fair Value Adjustment
AssetsFairValueAdjustment
0 usd
CY2022Q4 jspr Sharebased Compensation Arrangements By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementsBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
100000 usd
CY2021Q4 jspr Sharebased Compensation Arrangements By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementsBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
2100000 usd
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
1800000 usd
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
1400000 usd
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
2.38
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
2.66
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
6600000 usd
CY2022 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y8M12D
CY2022 jspr Performancebased Stock Options
PerformancebasedStockOptions
100000 usd
CY2022 jspr Recognized Over A Weightedaverage Period
RecognizedOverAWeightedaveragePeriod
P0Y3M18D
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1600000 shares
CY2022 jspr Description Of Espp
DescriptionOfESPP
The Company issued 59,434 shares of common stock under the ESPP as of December 31, 2022 and recognized $0.1 million compensation expense related to the ESPP for the year ended December 31, 2022. Unamortized stock-based compensation for shares issuable under the ESPP as of December 31, 2022 was less than $0.1 million, which is expected to be recognized over a weighted-average period of 0.4 years. The Company recorded less than $0.1 million in accrued expenses and other current liabilities related to contributions withheld as of December 31, 2022. 
CY2022 us-gaap Research And Development In Process
ResearchAndDevelopmentInProcess
1423000 usd
CY2021 us-gaap Research And Development In Process
ResearchAndDevelopmentInProcess
612000 usd
CY2022 us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
2668000 usd
CY2021 us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
436000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
4091000 usd
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
1048000 usd
CY2022 jspr Stockbased Compensation Expense
StockbasedCompensationExpense
200000 usd
CY2021 jspr Stockbased Compensation Expense
StockbasedCompensationExpense
100000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Expected Dividend
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageExpectedDividend
0 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-37685000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-30637000 usd
CY2022 us-gaap Weighted Average Basic Shares Outstanding Pro Forma
WeightedAverageBasicSharesOutstandingProForma
37935117 shares
CY2021 us-gaap Weighted Average Basic Shares Outstanding Pro Forma
WeightedAverageBasicSharesOutstandingProForma
12363677 shares
CY2022 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
402356 shares
CY2021 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
685129 shares
CY2022 us-gaap Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
1050000 shares
CY2021 us-gaap Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
284795 shares
CY2022 us-gaap Weighted Average Number Of Limited Partnership And General Partnership Unit Outstanding Basic And Diluted
WeightedAverageNumberOfLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasicAndDiluted
36482761 shares
CY2021 us-gaap Weighted Average Number Of Limited Partnership And General Partnership Unit Outstanding Basic And Diluted
WeightedAverageNumberOfLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasicAndDiluted
11393753 shares
CY2022 us-gaap Net Income Loss Per Outstanding Limited Partnership And General Partnership Unit Basic And Diluted
NetIncomeLossPerOutstandingLimitedPartnershipAndGeneralPartnershipUnitBasicAndDiluted
-1.03
CY2021 us-gaap Net Income Loss Per Outstanding Limited Partnership And General Partnership Unit Basic And Diluted
NetIncomeLossPerOutstandingLimitedPartnershipAndGeneralPartnershipUnitBasicAndDiluted
-2.69
CY2022 jspr Common Stock Warrants
CommonStockWarrants
4999863 shares
CY2021 jspr Common Stock Warrants
CommonStockWarrants
4999883 shares
CY2022 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
6169180 shares
CY2021 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2660383 shares
CY2022 jspr Outstanding Rs Us
OutstandingRSUs
2617445 shares
CY2022 jspr Unvested Restricted Common Stock
UnvestedRestrictedCommonStock
258847 shares
CY2021 jspr Unvested Restricted Common Stock
UnvestedRestrictedCommonStock
541225 shares
CY2022 jspr Diluted Net Loss Per Share Attributable To Common Stockholders
DilutedNetLossPerShareAttributableToCommonStockholders
14045335 shares
CY2021 jspr Diluted Net Loss Per Share Attributable To Common Stockholders
DilutedNetLossPerShareAttributableToCommonStockholders
8201491 shares
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-7914000 usd
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-6433000 usd
CY2022Q4 us-gaap Deferred Tax Assets State Taxes
DeferredTaxAssetsStateTaxes
4518000 usd
CY2021Q4 us-gaap Deferred Tax Assets State Taxes
DeferredTaxAssetsStateTaxes
1729000 usd
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
735000 usd
CY2022 jspr Change In Fair Value Of Warrant Liability
ChangeInFairValueOfWarrantLiability
-1512000 usd
CY2021 jspr Change In Fair Value Of Warrant Liability
ChangeInFairValueOfWarrantLiability
-105000 usd
CY2022 jspr Changes In Fair Value Of Earnout Liability
ChangesInFairValueOfEarnoutLiability
-1202000 usd
CY2021 jspr Changes In Fair Value Of Earnout Liability
ChangesInFairValueOfEarnoutLiability
-1948000 usd
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
-108000 usd
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
633000 usd
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Research And Development
IncomeTaxReconciliationNondeductibleExpenseResearchAndDevelopment
1835000 usd
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Research And Development
IncomeTaxReconciliationNondeductibleExpenseResearchAndDevelopment
1095000 usd
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
16243000 usd
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
10095000 usd
CY2022Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
846000 usd
CY2021Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
-153000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Other
DeferredTaxAssetsTaxDeferredExpenseOther
1281000 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Other
DeferredTaxAssetsTaxDeferredExpenseOther
510000 usd
CY2022Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
484000 usd
CY2021Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
407000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
20669000 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
14683000 usd
CY2022Q4 us-gaap Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
3245000 usd
CY2021Q4 us-gaap Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
1410000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
985000 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
222000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1090000 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
760000 usd
CY2022Q4 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
351000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
99000 usd
CY2022Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
6284000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Unrealized Gains On Trading Securities
DeferredTaxLiabilitiesUnrealizedGainsOnTradingSecurities
13000 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
34488000 usd
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
18005000 usd
CY2022Q4 us-gaap Tax Credit Carryforward Valuation Allowance
TaxCreditCarryforwardValuationAllowance
33925000 usd
CY2021Q4 us-gaap Tax Credit Carryforward Valuation Allowance
TaxCreditCarryforwardValuationAllowance
17682000 usd
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
563000 usd
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
323000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
563000 usd
CY2021Q4 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
302000 usd
CY2021Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
21000 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
563000 usd
CY2021Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
323000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
16200000 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
10100000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Research And Development Costs
DeferredTaxLiabilitiesDeferredExpenseCapitalizedResearchAndDevelopmentCosts
2700000 usd
CY2022 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
2200000 usd
CY2022Q4 jspr Unrecognized Tax Benefit
UnrecognizedTaxBenefit
828000 usd
CY2021Q4 jspr Unrecognized Tax Benefit
UnrecognizedTaxBenefit
252000 usd
CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
894000 usd
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
576000 usd
CY2022Q4 jspr Unrecognized Tax Benefits End Of Year
UnrecognizedTaxBenefitsEndOfYear
1722000 usd
CY2021Q4 jspr Unrecognized Tax Benefits End Of Year
UnrecognizedTaxBenefitsEndOfYear
828000 usd
CY2022 jspr Contribution Amount
ContributionAmount
100000 usd
CY2021 jspr Contribution Amount
ContributionAmount
0 usd
CY2022 us-gaap Defined Benefit Plan Significant Transactions Between Employer Or Related Parties And Plan During Year
DefinedBenefitPlanSignificantTransactionsBetweenEmployerOrRelatedPartiesAndPlanDuringYear
The Company recorded $0.5 million for the founders’ advisory and consulting services performed for each of the years ended December 31, 2022 and 2021.
CY2022 us-gaap Other Research And Development Expense
OtherResearchAndDevelopmentExpense
0 usd
CY2021 us-gaap Other Research And Development Expense
OtherResearchAndDevelopmentExpense
36000 usd
CY2021Q4 us-gaap Other Receivables
OtherReceivables
usd
CY2022 jspr Change In Fair Value Of Derivative Liability
ChangeInFairValueOfDerivativeLiability
usd
CY2021 jspr Issuance Of Series A1 Redeemable Convertible Preferred Stock For Cash
IssuanceOfSeriesA1RedeemableConvertiblePreferredStockForCash
usd
CY2021 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
usd
CY2022 jspr Issuance Of Common Stock Upon Exercise Of Common Stock Warrants
IssuanceOfCommonStockUponExerciseOfCommonStockWarrants
usd
CY2022 us-gaap Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
usd
CY2022 us-gaap Proceeds From Hedge Financing Activities
ProceedsFromHedgeFinancingActivities
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CY2022 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
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CY2022 us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
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CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
usd
CY2022 jspr Conversion Of Redeemable Convertible Preferred Stock Into Common Stock In Connection With Reve
ConversionOfRedeemableConvertiblePreferredStockIntoCommonStockInConnectionWithReve
usd
CY2022 jspr Deferred Issuance Costs Reclassified To Additional Paid In Capital
DeferredIssuanceCostsReclassifiedToAdditionalPaidInCapital
usd
CY2022 jspr Net Liabilities Assumed Upon The Closing Of Reversed Recapitalization
NetLiabilitiesAssumedUponTheClosingOfReversedRecapitalization
usd
CY2022 jspr Recognition Of Earnout Liability
RecognitionOfEarnoutLiability
usd
CY2022 jspr Recognitionsettlement Of Derivatives Tranche Liability
RecognitionsettlementOfDerivativesTrancheLiability
usd
CY2021 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
usd
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
CY2022Q4 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
usd
CY2021Q4 us-gaap Other Liabilities And Deferred Revenue Noncurrent
OtherLiabilitiesAndDeferredRevenueNoncurrent
usd
CY2021Q4 us-gaap Capital Units Outstanding
CapitalUnitsOutstanding
shares
CY2021Q4 jspr Shares Available For Grant Under2019 Equity Incentive Plan
SharesAvailableForGrantUnder2019EquityIncentivePlan
shares
CY2021 jspr Outstanding Rs Us
OutstandingRSUs
shares
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2021Q4 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
usd
CY2021Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
usd
CY2021Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
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CY2022Q4 us-gaap Deferred Tax Liabilities Unrealized Gains On Trading Securities
DeferredTaxLiabilitiesUnrealizedGainsOnTradingSecurities
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CY2022Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
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CY2022 dei Document Fiscal Period Focus
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Files In Submission

Name View Source Status
jspr-20221231_lab.xml Edgar Link unprocessable
0001213900-23-018542-index-headers.html Edgar Link pending
0001213900-23-018542-index.html Edgar Link pending
0001213900-23-018542.txt Edgar Link pending
0001213900-23-018542-xbrl.zip Edgar Link pending
f10k2022ex10-17_jaspertherap.htm Edgar Link pending
f10k2022ex23-1_jaspertherap.htm Edgar Link pending
f10k2022ex31-1_jaspertherap.htm Edgar Link pending
f10k2022ex31-2_jaspertherap.htm Edgar Link pending
f10k2022ex32-1_jaspertherap.htm Edgar Link pending
f10k2022ex4-3_jaspertherap.htm Edgar Link pending
f10k2022_jaspertherap.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
f10k2022_jaspertherap_htm.xml Edgar Link completed
jspr-20221231_cal.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
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jspr-20221231.xsd Edgar Link pending
MetaLinks.json Edgar Link pending
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jspr-20221231_def.xml Edgar Link unprocessable
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report.css Edgar Link pending
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jspr-20221231_pre.xml Edgar Link unprocessable