2023 Q3 Form 10-Q Financial Statement
#000121390023066234 Filed on August 11, 2023
Income Statement
Concept | 2023 Q3 | 2023 Q2 | 2022 Q2 |
---|---|---|---|
Revenue | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $4.510M | $4.530M | $3.828M |
YoY Change | 22.35% | 18.34% | 17.35% |
% of Gross Profit | |||
Research & Development | $14.85M | $13.30M | $8.135M |
YoY Change | 64.58% | 63.45% | 57.78% |
% of Gross Profit | |||
Depreciation & Amortization | $300.0K | $275.0K | $218.0K |
YoY Change | 11.94% | 26.15% | 651.72% |
% of Gross Profit | |||
Operating Expenses | $19.36M | $17.83M | $11.96M |
YoY Change | 52.36% | 49.02% | 42.11% |
Operating Profit | -$19.36M | -$17.83M | -$11.96M |
YoY Change | 52.36% | 49.02% | 42.11% |
Interest Expense | $1.430M | $1.436M | $0.00 |
YoY Change | -100.0% | ||
% of Operating Profit | |||
Other Income/Expense, Net | $390.0K | $311.0K | $1.559M |
YoY Change | -53.85% | -80.05% | -156000.0% |
Pretax Income | -$17.54M | -$16.08M | -$10.40M |
YoY Change | 47.85% | 54.56% | 23.65% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$17.54M | -$16.08M | -$10.40M |
YoY Change | 47.89% | 54.56% | 23.65% |
Net Earnings / Revenue | |||
Basic Earnings Per Share | -$0.16 | -$0.15 | -$0.29 |
Diluted Earnings Per Share | -$0.16 | -$0.15 | -$285.8K |
COMMON SHARES | |||
Basic Shares Outstanding | 110.8M shares | 110.3M shares | 36.40M shares |
Diluted Shares Outstanding | 109.7M shares | 109.2M shares | 36.40M shares |
Balance Sheet
Concept | 2023 Q3 | 2023 Q2 | 2022 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $103.9M | $115.8M | $60.81M |
YoY Change | 103.93% | 90.44% | 262.92% |
Cash & Equivalents | $103.9M | $115.8M | $60.81M |
Short-Term Investments | |||
Other Short-Term Assets | $1.100M | $653.0K | $27.00K |
YoY Change | 155.81% | 2318.52% | -97.06% |
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | $18.00K | $53.00K | $46.00K |
Total Short-Term Assets | $105.2M | $118.6M | $63.29M |
YoY Change | 100.76% | 87.35% | 252.12% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $2.780M | $3.056M | $4.016M |
YoY Change | -26.04% | -23.9% | -0.77% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $411.0K | $445.0K | $577.0K |
YoY Change | -24.31% | -22.88% | -85.83% |
Total Long-Term Assets | $5.187M | $5.603M | $7.080M |
YoY Change | -22.57% | -20.86% | -12.79% |
TOTAL ASSETS | |||
Total Short-Term Assets | $105.2M | $118.6M | $63.29M |
Total Long-Term Assets | $5.187M | $5.603M | $7.080M |
Total Assets | $110.4M | $124.2M | $70.37M |
YoY Change | 86.78% | 76.46% | 169.69% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $3.256M | $1.581M | $2.997M |
YoY Change | 4.46% | -47.25% | -35.02% |
Accrued Expenses | $8.200M | $7.002M | $3.106M |
YoY Change | 135.09% | 125.43% | -31.39% |
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 | $11.91M | $8.972M | $6.622M |
YoY Change | 60.44% | 35.49% | -27.65% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $2.297M | $2.314M | $749.0K |
YoY Change | 224.89% | 208.95% | -77.23% |
Total Long-Term Liabilities | $2.297M | $2.314M | $749.0K |
YoY Change | 224.89% | 208.95% | -77.23% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $11.91M | $8.972M | $6.622M |
Total Long-Term Liabilities | $2.297M | $2.314M | $749.0K |
Total Liabilities | $16.27M | $13.97M | $11.59M |
YoY Change | 40.94% | 20.54% | -6.9% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$153.0M | -$135.5M | -$80.06M |
YoY Change | 66.44% | 69.21% | |
Common Stock | $11.00K | $11.00K | $4.000K |
YoY Change | 175.0% | 175.0% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $94.13M | $110.2M | $58.78M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $110.4M | $124.2M | $70.37M |
YoY Change | 86.78% | 76.46% | 169.69% |
Cashflow Statement
Concept | 2023 Q3 | 2023 Q2 | 2022 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$17.54M | -$16.08M | -$10.40M |
YoY Change | 47.89% | 54.56% | 23.65% |
Depreciation, Depletion And Amortization | $300.0K | $275.0K | $218.0K |
YoY Change | 11.94% | 26.15% | 651.72% |
Cash From Operating Activities | -$11.98M | -$13.27M | -$9.356M |
YoY Change | 24.24% | 41.86% | 61.56% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | $11.00K | -$243.0K |
YoY Change | -100.0% | -104.53% | -15.33% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | $0.00 | -$11.00K | -$243.0K |
YoY Change | -100.0% | -95.47% | -15.33% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 30.00K | -305.0K | 13.00K |
YoY Change | 2900.0% | -2446.15% | -102.17% |
NET CHANGE | |||
Cash From Operating Activities | -11.98M | -13.27M | -9.356M |
Cash From Investing Activities | 0.000 | -11.00K | -243.0K |
Cash From Financing Activities | 30.00K | -305.0K | 13.00K |
Net Change In Cash | -11.95M | -13.59M | -9.586M |
YoY Change | 21.15% | 41.75% | 43.55% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$11.98M | -$13.27M | -$9.356M |
Capital Expenditures | $0.00 | $11.00K | -$243.0K |
Free Cash Flow | -$11.98M | -$13.28M | -$9.113M |
YoY Change | 27.16% | 45.76% | 65.57% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
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Document Type
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10-Q | ||
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true | ||
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Document Period End Date
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|
2023-06-30 | ||
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Document Fiscal Year Focus
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2023 | ||
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false | ||
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Entity File Number
EntityFileNumber
|
001-39138 | ||
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Entity Registrant Name
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|
JASPER THERAPEUTICS, INC. | ||
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Entity Incorporation State Country Code
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DE | ||
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Entity Tax Identification Number
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84-2984849 | ||
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2200 Bridge Pkwy | ||
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Suite #102 | ||
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Redwood City | ||
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CA | ||
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94065 | ||
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(650) | ||
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549-1400 | ||
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36000 | usd |
CY2023Q2 | us-gaap |
Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
|
-661000 | usd |
CY2023Q2 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
1000 | usd |
CY2023Q2 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
1391000 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-16080000 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
110205000 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
69518000 | usd |
CY2022Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
13000 | usd |
CY2022Q1 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
3000 | usd |
CY2022Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
778000 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2207000 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
68105000 | usd |
CY2022Q2 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
13000 | usd |
CY2022Q2 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
2000 | usd |
CY2022Q2 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
1065000 | usd |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-10404000 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
58781000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-30340000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-12611000 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
549000 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
434000 | usd | |
us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
201000 | usd | |
us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
151000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2658000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1843000 | usd | |
us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
575000 | usd | |
us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-6895000 | usd | |
us-gaap |
Liabilities Fair Value Adjustment
LiabilitiesFairValueAdjustment
|
-344000 | usd | |
us-gaap |
Liabilities Fair Value Adjustment
LiabilitiesFairValueAdjustment
|
5218000 | usd | |
us-gaap |
Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
|
-63000 | usd | |
us-gaap |
Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
|
-658000 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
|
-663000 | usd | |
us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
-314000 | usd | |
us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
-68000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-187000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-977000 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
2002000 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
-911000 | usd | |
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-417000 | usd | |
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-222000 | usd | |
us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
-32000 | usd | |
us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
111000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-23607000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-23569000 | usd | |
us-gaap |
Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
|
37000 | usd | |
us-gaap |
Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
|
272000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-37000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-272000 | usd | |
jspr |
Proceeds From Issuance Of Common Stock Through Atm And Underwriting Offerings Net
ProceedsFromIssuanceOfCommonStockThroughATMAndUnderwritingOfferingsNet
|
101479000 | usd | |
us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
|
36000 | usd | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
661000 | usd | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
352000 | usd | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
26000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
101206000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
26000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
77562000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-23815000 | usd | |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
38667000 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
85046000 | usd |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
116229000 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
61231000 | usd |
jspr |
Reclassification Of Common Stock Warrant Liability To Equity
ReclassificationOfCommonStockWarrantLiabilityToEquity
|
725000 | usd | |
jspr |
Unpaid Offerings Issuance Costs Included In Accounts Payable And Accrued Expenses
UnpaidOfferingsIssuanceCostsIncludedInAccountsPayableAndAccruedExpenses
|
40000 | usd | |
jspr |
Vesting Of Founders Restricted Stock
VestingOfFoundersRestrictedStock
|
7000 | usd | |
jspr |
Vesting Of Founders Restricted Stock
VestingOfFoundersRestrictedStock
|
5000 | usd | |
us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
1074000 | usd | |
jspr |
Accounts Payable And Accrued Expenses For Purchases Of Property And Equipment
AccountsPayableAndAccruedExpensesForPurchasesOfPropertyAndEquipment
|
211000 | usd | |
jspr |
Noncash Leasehold Improvements
NoncashLeaseholdImprovements
|
281000 | usd | |
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: 0pt 0"><b><i>Description of Business</i></b></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">Jasper Therapeutics, Inc. and its consolidated subsidiary (collectively, “Jasper” or the “Company”), is a clinical-stage biotechnology company dedicated to enabling cures through therapeutics targeting mast and hematopoietic stem cells. The Company is focused on the development and commercialization of safer and 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 ex-vivo gene therapy, a technique in which genetic manipulation of cells is performed outside of the body prior to transplantation. The Company is headquartered in Redwood City, California.</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">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 Amplitude Healthcare Acquisition Corporation (“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: 0.5in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i>Liquidity and Going Concern</i></b></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">The Company has incurred significant losses and negative cash flows from operations since its inception. During the three and six months ended June 30, 2023, the Company incurred net losses of $16.1 million and $30.3 million, respectively. During the three and six months ended June 30, 2022, the Company incurred net losses of $10.4 million and $12.6 million, respectively. During each of the six months ended June 30, 2023 and 2022, the Company had negative operating cash flows of $23.6 million. As of June 30, 2023 and December 31, 2022, the Company had an accumulated deficit of $135.5 million and $105.1 million, respectively. 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 June 30, 2023, the Company had cash and cash equivalents of $115.8 million. The Company’s management expects that the existing cash and cash equivalents will be sufficient to fund the Company’s operating plans for at least twelve months from the issuance date of these condensed consolidated financial statements. The Company will need to raise additional financing to continue its products’ development for the foreseeable future, and expects to continue doing 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> | ||
CY2023Q2 | us-gaap |
Profit Loss
ProfitLoss
|
16100000 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
30300000 | usd | |
CY2022Q2 | us-gaap |
Profit Loss
ProfitLoss
|
10400000 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
12600000 | usd | |
us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
23600000 | usd | |
CY2023Q2 | us-gaap |
Accumulated Capitalized Interest Costs
AccumulatedCapitalizedInterestCosts
|
135500000 | usd |
CY2022Q4 | us-gaap |
Accumulated Capitalized Interest Costs
AccumulatedCapitalizedInterestCosts
|
105100000 | usd |
CY2023Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
115800000 | usd |
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: 0.5in">The preparation of condensed 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 financial statements and the reported amounts of income and expenses during the reporting periods. Significant estimates and assumptions made in the accompanying condensed consolidated financial statements include but are not limited to the determination of the accrued research and development expenses, 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> | ||
CY2023Q2 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
115812000 | usd |
CY2022Q4 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
38250000 | usd |
CY2023Q2 | us-gaap |
Restricted Cash
RestrictedCash
|
417000 | usd |
CY2022Q4 | us-gaap |
Restricted Cash
RestrictedCash
|
417000 | usd |
CY2023Q2 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
116229000 | usd |
CY2022Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
38667000 | usd |
CY2023Q2 | us-gaap |
Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
|
1000000 | usd |
CY2023Q2 | us-gaap |
Marketable Securities Current
MarketableSecuritiesCurrent
|
3200000 | usd |
CY2023Q2 | us-gaap |
Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
|
114812000 | usd |
CY2023Q2 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
114812000 | usd |
CY2023Q2 | us-gaap |
Other Liabilities
OtherLiabilities
|
362000 | usd |
CY2023Q2 | us-gaap |
Fair Value Net Asset Liability
FairValueNetAssetLiability
|
362000 | 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 |
CY2023Q2 | us-gaap |
Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
|
362 | usd |
jspr |
Valuation Methodology
ValuationMethodology
|
Monte Carlo Simulation | ||
jspr |
Common Stock Price
CommonStockPrice
|
1.37 | ||
jspr |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm
|
P1Y2M26D | ||
jspr |
Expected Volatility
ExpectedVolatility
|
1.39 | pure | |
CY2023Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
3056000 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
3568000 | usd |
jspr |
Riskfree Interest Rate
RiskfreeInterestRate
|
0.0514 | pure | |
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 |
CY2023Q2 | us-gaap |
Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
|
1168000 | usd |
CY2022Q4 | us-gaap |
Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
|
842000 | usd |
CY2023Q2 | us-gaap |
Prepaid Insurance
PrepaidInsurance
|
604000 | usd |
CY2022Q4 | us-gaap |
Prepaid Insurance
PrepaidInsurance
|
1362000 | usd |
CY2023Q2 | us-gaap |
Income Taxes Receivable
IncomeTaxesReceivable
|
277000 | usd |
CY2022Q4 | us-gaap |
Income Taxes Receivable
IncomeTaxesReceivable
|
250000 | usd |
CY2023Q2 | us-gaap |
Other Receivables Net Current
OtherReceivablesNetCurrent
|
53000 | usd |
CY2022Q4 | us-gaap |
Other Receivables Net Current
OtherReceivablesNetCurrent
|
118000 | usd |
CY2023Q2 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
653000 | usd |
CY2022Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
246000 | usd |
CY2023Q2 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
2755000 | usd |
CY2022Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
2818000 | usd |
CY2023Q2 | us-gaap |
Leasehold Improvements Gross
LeaseholdImprovementsGross
|
2477000 | usd |
CY2022Q4 | us-gaap |
Leasehold Improvements Gross
LeaseholdImprovementsGross
|
2477000 | usd |
CY2023Q2 | us-gaap |
Machinery And Equipment Gross
MachineryAndEquipmentGross
|
1743000 | usd |
CY2022Q4 | us-gaap |
Machinery And Equipment Gross
MachineryAndEquipmentGross
|
1706000 | usd |
CY2023Q2 | us-gaap |
Furniture And Fixtures Gross
FurnitureAndFixturesGross
|
502000 | usd |
CY2022Q4 | us-gaap |
Furniture And Fixtures Gross
FurnitureAndFixturesGross
|
502000 | usd |
CY2023Q2 | us-gaap |
Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
|
145000 | usd |
CY2022Q4 | us-gaap |
Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
|
145000 | usd |
CY2023Q2 | us-gaap |
Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
|
90000 | usd |
CY2022Q4 | us-gaap |
Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
|
90000 | usd |
CY2023Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
4957000 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
4920000 | usd |
CY2023Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
1901000 | usd |
CY2022Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
1352000 | usd |
CY2022Q2 | us-gaap |
Other Depreciation And Amortization
OtherDepreciationAndAmortization
|
200000 | usd |
us-gaap |
Other Depreciation And Amortization
OtherDepreciationAndAmortization
|
500000 | usd | |
us-gaap |
Other Depreciation And Amortization
OtherDepreciationAndAmortization
|
400000 | usd | |
CY2023Q2 | jspr |
Research And Development Accrued Expenses
ResearchAndDevelopmentAccruedExpenses
|
5157000 | usd |
CY2022Q4 | jspr |
Research And Development Accrued Expenses
ResearchAndDevelopmentAccruedExpenses
|
2651000 | usd |
CY2023Q2 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
928000 | usd |
CY2022Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
1587000 | usd |
CY2023Q2 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
389000 | usd |
CY2022Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
194000 | usd |
CY2023Q2 | us-gaap |
Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
|
6474000 | usd |
CY2022Q4 | us-gaap |
Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
|
4432000 | usd |
CY2023Q2 | us-gaap |
Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
|
2264000 | usd |
CY2022Q4 | us-gaap |
Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
|
2264000 | usd |
CY2023Q2 | jspr |
Restricted Stock Liabilities
RestrictedStockLiabilities
|
2000 | usd |
CY2022Q4 | jspr |
Restricted Stock Liabilities
RestrictedStockLiabilities
|
9000 | usd |
CY2023Q2 | us-gaap |
Other Liabilities And Deferred Revenue Noncurrent
OtherLiabilitiesAndDeferredRevenueNoncurrent
|
48000 | usd |
CY2022Q4 | us-gaap |
Other Liabilities And Deferred Revenue Noncurrent
OtherLiabilitiesAndDeferredRevenueNoncurrent
|
80000 | usd |
CY2023Q2 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
2314000 | usd |
CY2022Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
2353000 | usd |
CY2020Q4 | us-gaap |
Research And Development Expense Software Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost
|
2300000 | usd |
jspr |
Percentage Of Licensing Fees
PercentageOfLicensingFees
|
0.001 | pure | |
jspr |
Fund Technology
FundTechnology
|
1000000 | usd | |
us-gaap |
Debt Conversion Converted Instrument Rate
DebtConversionConvertedInstrumentRate
|
0.60 | pure | |
CY2023Q2 | us-gaap |
Investment Interest Rate
InvestmentInterestRate
|
0.25 | pure |
jspr |
Received Aggregate From Cirm
ReceivedAggregateFromCIRM
|
2300000 | usd | |
CY2023Q2 | us-gaap |
Cash
Cash
|
700000 | usd |
CY2023Q2 | jspr |
Other Receivables Milestone
OtherReceivablesMilestone
|
50000 | usd |
us-gaap |
Revenue Recognition Milestone Method Revenue Recognized
RevenueRecognitionMilestoneMethodRevenueRecognized
|
9000000 | usd | |
jspr |
License Maintenance Fee
LicenseMaintenanceFee
|
25000 | usd | |
us-gaap |
Derivative Maturity Dates
DerivativeMaturityDates
|
2026-09-24 | ||
CY2023Q2 | jspr |
Shares Of Nonvoting Common Stock
SharesOfNonvotingCommonStock
|
911022 | shares |
CY2023Q2 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
4999863 | shares |
us-gaap |
Equity Fair Value Adjustment
EquityFairValueAdjustment
|
700000 | usd | |
CY2023Q2 | us-gaap |
Gain Loss On Fair Value Hedges Recognized In Earnings
GainLossOnFairValueHedgesRecognizedInEarnings
|
0 | usd |
us-gaap |
Gain Loss On Fair Value Hedges Recognized In Earnings
GainLossOnFairValueHedgesRecognizedInEarnings
|
600000 | usd | |
CY2022Q2 | us-gaap |
Gain Loss On Fair Value Hedges Recognized In Earnings
GainLossOnFairValueHedgesRecognizedInEarnings
|
800000 | usd |
us-gaap |
Gain Loss On Fair Value Hedges Recognized In Earnings
GainLossOnFairValueHedgesRecognizedInEarnings
|
6900000 | usd | |
CY2022Q4 | us-gaap |
Equity Method Investment Quoted Market Value
EquityMethodInvestmentQuotedMarketValue
|
200000 | usd |
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”). | ||
CY2023Q2 | jspr |
Estimated Fair Value Of Earnout Liability
EstimatedFairValueOfEarnoutLiability
|
400000 | usd |
CY2022Q4 | jspr |
Estimated Fair Value Of Earnout Liability
EstimatedFairValueOfEarnoutLiability
|
100000 | usd |
CY2023Q2 | us-gaap |
Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
|
400000 | usd |
us-gaap |
Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
|
300000 | usd | |
CY2020Q3 | jspr |
Rentable Square Feet With Lease Commencement
RentableSquareFeetWithLeaseCommencement
|
7781 | sqft |
CY2022Q1 | jspr |
Rentable Square Feet With Lease Commencement
RentableSquareFeetWithLeaseCommencement
|
5611 | sqft |
CY2022Q1 | jspr |
Agreement For Square Feet Of Temporary Office Space
AgreementForSquareFeetOfTemporaryOfficeSpace
|
5144 | sqft |
us-gaap |
Payments For Rent
PaymentsForRent
|
26000 | usd | |
jspr |
Lessor Amount
LessorAmount
|
400000 | usd | |
CY2023Q2 | us-gaap |
Tenant Improvements
TenantImprovements
|
1500000 | usd |
CY2023Q2 | jspr |
Additional Allowance
AdditionalAllowance
|
400000 | usd |
CY2023Q2 | us-gaap |
Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
|
0.09 | pure |
CY2022Q4 | jspr |
Leasehold Improvement Gross
LeaseholdImprovementGross
|
1900000 | usd |
CY2021Q4 | jspr |
Leasehold Improvement Gross
LeaseholdImprovementGross
|
1900000 | usd |
jspr |
Net Construction Costs Percentage
NetConstructionCostsPercentage
|
0.05 | pure | |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
336000 | usd | |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
286000 | usd | |
us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
1000 | usd | |
us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
123000 | usd | |
us-gaap |
Lease Cost
LeaseCost
|
337000 | usd | |
us-gaap |
Lease Cost
LeaseCost
|
409000 | usd | |
us-gaap |
Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
|
553000 | usd | |
us-gaap |
Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
|
351000 | usd | |
CY2023Q2 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P3Y1M9D | |
CY2022Q2 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P4Y1M13D | |
CY2023Q2 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.08 | pure |
CY2022Q2 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.08 | pure |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
566000 | usd |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
1153000 | usd |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
1187000 | usd |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
740000 | usd |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
3646000 | usd |
CY2023Q2 | us-gaap |
Unrecorded Unconditional Purchase Obligation Imputed Interest
UnrecordedUnconditionalPurchaseObligationImputedInterest
|
412000 | usd |
CY2023Q2 | jspr |
Operating Lease Liabilites
OperatingLeaseLiabilites
|
3234000 | usd |
CY2023Q2 | jspr |
Current Portion Of Lease Liability
CurrentPortionOfLeaseLiability
|
-917000 | usd |
CY2023Q2 | jspr |
Noncurrent Portion Of Lease Liability
NoncurrentPortionOfLeaseLiability
|
2317000 | usd |
jspr |
Pay Stanford Net
PayStanfordNet
|
900000 | usd | |
jspr |
Pay Stanford Net Term
PayStanfordNetTerm
|
P3Y | ||
jspr |
First Milestone Agremment
FirstMilestoneAgremment
|
300000 | usd | |
us-gaap |
Research And Development Expense Software Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost
|
300000 | usd | |
jspr |
Third Mile Stone Amount
ThirdMileStoneAmount
|
300000 | usd | |
CY2022Q1 | us-gaap |
Direct Taxes And Licenses Costs
DirectTaxesAndLicensesCosts
|
25000 | usd |
CY2023Q1 | us-gaap |
Direct Taxes And Licenses Costs
DirectTaxesAndLicensesCosts
|
25000 | usd |
CY2023Q2 | us-gaap |
Common Stock Shares Subscribed But Unissued
CommonStockSharesSubscribedButUnissued
|
110800413 | shares |
CY2023Q2 | jspr |
Outstanding And Issued Common Stock Option
OutstandingAndIssuedCommonStockOption
|
9345537 | shares |
CY2022Q4 | jspr |
Outstanding And Issued Common Stock Option
OutstandingAndIssuedCommonStockOption
|
6169180 | shares |
CY2023Q2 | jspr |
Common Stock Warrant
CommonStockWarrant
|
4999863 | shares |
CY2022Q4 | jspr |
Common Stock Warrant
CommonStockWarrant
|
4999863 | shares |
CY2023Q2 | us-gaap |
Capital Units Outstanding
CapitalUnitsOutstanding
|
1179771 | shares |
CY2022Q4 | us-gaap |
Capital Units Outstanding
CapitalUnitsOutstanding
|
2617445 | shares |
CY2023Q2 | jspr |
Shares Available For Grant Under2021 Employee Stock Purchase Plan
SharesAvailableForGrantUnder2021EmployeeStockPurchasePlan
|
1184572 | shares |
CY2022Q4 | jspr |
Shares Available For Grant Under2021 Employee Stock Purchase Plan
SharesAvailableForGrantUnder2021EmployeeStockPurchasePlan
|
869117 | shares |
CY2023Q2 | jspr |
Shares Available For Grant Under2021 Equity Incentive Plan
SharesAvailableForGrantUnder2021EquityIncentivePlan
|
855464 | shares |
CY2022Q4 | jspr |
Shares Available For Grant Under2021 Equity Incentive Plan
SharesAvailableForGrantUnder2021EquityIncentivePlan
|
1383661 | shares |
CY2023Q2 | jspr |
Shares Available For Grant Under2019 Equity Incentive Plan
SharesAvailableForGrantUnder2019EquityIncentivePlan
|
2301841 | shares |
CY2022Q4 | jspr |
Shares Available For Grant Under2019 Equity Incentive Plan
SharesAvailableForGrantUnder2019EquityIncentivePlan
|
1295672 | shares |
CY2023Q2 | jspr |
Total Shares Of Common Stock Reserved
TotalSharesOfCommonStockReserved
|
19867048 | shares |
CY2022Q4 | jspr |
Total Shares Of Common Stock Reserved
TotalSharesOfCommonStockReserved
|
17334938 | shares |
us-gaap |
Proceeds From Sale Of Treasury Stock
ProceedsFromSaleOfTreasuryStock
|
150000000 | usd | |
jspr |
Common Stock
CommonStock
|
250000000 | usd | |
CY2023Q1 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
69000000 | |
CY2023Q1 | us-gaap |
Excess Stock Shares Issued
ExcessStockSharesIssued
|
9000000 | shares |
CY2023Q1 | jspr |
Underwriting Agreement Price
UnderwritingAgreementPrice
|
9000000 | |
jspr |
Aggregate Offering Price
AggregateOfferingPrice
|
15500000 | usd | |
CY2023Q1 | us-gaap |
Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
|
2337496 | shares |
CY2023Q1 | us-gaap |
Demutualization By Insurance Entity Securities Issued Gross Cash Proceeds
DemutualizationByInsuranceEntitySecuritiesIssuedGrossCashProceeds
|
4500000 | usd |
CY2023Q2 | jspr |
Aggregate Offering Price
AggregateOfferingPrice
|
75000000 | usd |
jspr |
Available Offering Amount
AvailableOfferingAmount
|
175000000 | usd | |
CY2023Q2 | us-gaap |
Deferred Offering Costs
DeferredOfferingCosts
|
75000000 | usd |
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 (“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. As of June 30, 2023, 6,453,566 shares were reserved for issuance under the 2021 Plan, of which 855,464 shares were available for future grant and 5,598,102 shares were subject to outstanding options and restricted stock units (“RSUs”), including performance-based awards. As of June 30, 2023, 124,435 shares have been issued under the ESPP and 1,184,572 shares were reserved and available for future issuance. | ||
CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
|
2301841 | shares |
CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
|
3198159 | shares |
CY2023Q2 | jspr |
Purchase Of Aggregate Shares
PurchaseOfAggregateShares
|
555000 | shares |
jspr |
Fair Market Value Of Common Stock Percentage
FairMarketValueOfCommonStockPercentage
|
0.85 | pure | |
CY2023Q2 | us-gaap |
Reporting Unit Percentage Of Fair Value In Excess Of Carrying Amount
ReportingUnitPercentageOfFairValueInExcessOfCarryingAmount
|
1 | pure |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Purchase Price Of Common Stock Percent
SharebasedCompensationArrangementBySharebasedPaymentAwardPurchasePriceOfCommonStockPercent
|
0.10 | pure | |
CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
400000 | usd |
CY2022Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
100000 | usd |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
|
2100000 | usd | |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
|
800000 | usd | |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
|
1.44 | ||
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
|
1.91 | ||
jspr |
Stock Based Compensation For Unvested Options
stockBasedCompensationForUnvestedOptions
|
10500000 | usd | |
us-gaap |
Net Amount At Risk By Product And Guarantee Weighted Average Period Remaining1
NetAmountAtRiskByProductAndGuaranteeWeightedAveragePeriodRemaining1
|
P3Y | ||
us-gaap |
Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
|
100000 | usd | |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
463959 | shares |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
1.42 | |
jspr |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm
|
P8Y21D | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
50000 | shares | |
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
1.92 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
16650 | shares | |
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
1.92 | ||
CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
497309 | shares |
CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
1.45 | |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P7Y8M12D | ||
CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
|
202000 | usd |
CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
|
497309 | shares |
CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
|
1.45 | |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
|
P7Y8M12D | ||
CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
|
202000 | usd |
CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
313959 | shares |
CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
0.78 | |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P6Y11M15D | ||
CY2023Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
202000 | usd |
CY2023Q2 | us-gaap |
Unamortized Discounts On Acceptances Executed
UnamortizedDiscountsOnAcceptancesExecuted
|
500000 | usd |
us-gaap |
Present Value Of Future Insurance Profits Weighted Average Amortization Period
PresentValueOfFutureInsuranceProfitsWeightedAverageAmortizationPeriod
|
P0Y3M18D | ||
CY2023Q2 | us-gaap |
Shares Issued
SharesIssued
|
65001 | shares |
us-gaap |
Compensation Expense Excluding Cost Of Good And Service Sold
CompensationExpenseExcludingCostOfGoodAndServiceSold
|
100000 | usd | |
CY2023Q2 | jspr |
Accrued Expenses And Other Current Liabilities
AccruedExpensesAndOtherCurrentLiabilities
|
100000 | usd |
CY2023Q2 | us-gaap |
Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
|
900000 | usd |
CY2022Q2 | us-gaap |
Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
|
480000 | usd |
us-gaap |
Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
|
1699000 | usd | |
us-gaap |
Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
|
1036000 | usd | |
CY2023Q2 | us-gaap |
Other Research And Development Expense
OtherResearchAndDevelopmentExpense
|
491000 | usd |
CY2022Q2 | us-gaap |
Other Research And Development Expense
OtherResearchAndDevelopmentExpense
|
585000 | usd |
us-gaap |
Other Research And Development Expense
OtherResearchAndDevelopmentExpense
|
959000 | usd | |
us-gaap |
Other Research And Development Expense
OtherResearchAndDevelopmentExpense
|
807000 | usd | |
CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
|
1391000 | usd |
CY2022Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
|
1065000 | usd |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
|
2658000 | usd | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
|
1843000 | usd | |
CY2022Q2 | us-gaap |
Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
|
100000 | usd |
us-gaap |
Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
|
100000 | usd | |
us-gaap |
Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
|
100000 | usd | |
CY2023Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-16080000 | usd |
CY2022Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-10404000 | usd |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-30340000 | usd | |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-12611000 | usd | |
CY2023Q2 | us-gaap |
Weighted Average Basic Shares Outstanding Pro Forma
WeightedAverageBasicSharesOutstandingProForma
|
110341633 | shares |
CY2022Q2 | us-gaap |
Weighted Average Basic Shares Outstanding Pro Forma
WeightedAverageBasicSharesOutstandingProForma
|
37886129 | shares |
us-gaap |
Weighted Average Basic Shares Outstanding Pro Forma
WeightedAverageBasicSharesOutstandingProForma
|
99775393 | shares | |
us-gaap |
Weighted Average Basic Shares Outstanding Pro Forma
WeightedAverageBasicSharesOutstandingProForma
|
37877390 | shares | |
CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
|
77964 | shares |
CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
|
438307 | shares |
us-gaap |
Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
|
120128 | shares | |
us-gaap |
Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
|
473881 | shares | |
CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
|
1050000 | shares |
CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
|
1050000 | shares |
us-gaap |
Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
|
1050000 | shares | |
us-gaap |
Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
|
1050000 | shares | |
CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
109213669 | shares |
CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
36397822 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
98605265 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
36353509 | shares | |
CY2023Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.15 | |
CY2022Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.29 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.31 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.35 | ||
CY2023Q2 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
9345537 | shares |
CY2022Q2 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
6023166 | shares |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
9345537 | shares | |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
6023166 | shares | |
CY2023Q2 | jspr |
Common Stock Warrants
CommonStockWarrants
|
4999863 | shares |
CY2022Q2 | jspr |
Common Stock Warrants
CommonStockWarrants
|
4999863 | shares |
jspr |
Common Stock Warrants
CommonStockWarrants
|
4999863 | shares | |
jspr |
Common Stock Warrants
CommonStockWarrants
|
4999863 | shares | |
CY2023Q2 | jspr |
Unvested Restricted Common Stock
UnvestedRestrictedCommonStock
|
58829 | shares |
CY2022Q2 | jspr |
Unvested Restricted Common Stock
UnvestedRestrictedCommonStock
|
400036 | shares |
jspr |
Unvested Restricted Common Stock
UnvestedRestrictedCommonStock
|
58829 | shares | |
jspr |
Unvested Restricted Common Stock
UnvestedRestrictedCommonStock
|
400036 | shares | |
CY2023Q2 | jspr |
Outstanding Rs Us
OutstandingRSUs
|
1179771 | shares |
CY2022Q2 | jspr |
Outstanding Rs Us
OutstandingRSUs
|
5000 | shares |
jspr |
Outstanding Rs Us
OutstandingRSUs
|
1179771 | shares | |
jspr |
Outstanding Rs Us
OutstandingRSUs
|
5000 | shares | |
CY2023Q2 | jspr |
Diluted Net Loss Per Share Attributable To Common Stockholders
DilutedNetLossPerShareAttributableToCommonStockholders
|
15584000 | shares |
CY2022Q2 | jspr |
Diluted Net Loss Per Share Attributable To Common Stockholders
DilutedNetLossPerShareAttributableToCommonStockholders
|
11428065 | shares |
jspr |
Diluted Net Loss Per Share Attributable To Common Stockholders
DilutedNetLossPerShareAttributableToCommonStockholders
|
15584000 | shares | |
jspr |
Diluted Net Loss Per Share Attributable To Common Stockholders
DilutedNetLossPerShareAttributableToCommonStockholders
|
11428065 | shares | |
CY2023Q2 | us-gaap |
Professional And Contract Services Expense
ProfessionalAndContractServicesExpense
|
100000 | usd |
CY2022Q2 | us-gaap |
Professional And Contract Services Expense
ProfessionalAndContractServicesExpense
|
100000 | usd |
us-gaap |
Professional And Contract Services Expense
ProfessionalAndContractServicesExpense
|
100000 | usd | |
us-gaap |
Professional And Contract Services Expense
ProfessionalAndContractServicesExpense
|
300000 | usd | |
CY2023Q1 | us-gaap |
Restricted Stock Expense
RestrictedStockExpense
|
usd | |
CY2023Q2 | us-gaap |
Restricted Stock Expense
RestrictedStockExpense
|
usd | |
CY2022Q1 | jspr |
Issuance Of Common Stock Upon Exercise Of Common Stock Warrants
IssuanceOfCommonStockUponExerciseOfCommonStockWarrants
|
usd | |
CY2022Q2 | us-gaap |
Restricted Stock Expense
RestrictedStockExpense
|
usd | |
us-gaap |
Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
|
usd | ||
jspr |
Proceeds From Issuance Of Common Stock Through Atm And Underwriting Offerings Net
ProceedsFromIssuanceOfCommonStockThroughATMAndUnderwritingOfferingsNet
|
usd | ||
us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
|
usd | ||
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
usd | ||
jspr |
Reclassification Of Common Stock Warrant Liability To Equity
ReclassificationOfCommonStockWarrantLiabilityToEquity
|
usd | ||
jspr |
Unpaid Offerings Issuance Costs Included In Accounts Payable And Accrued Expenses
UnpaidOfferingsIssuanceCostsIncludedInAccountsPayableAndAccruedExpenses
|
usd | ||
us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
usd | ||
jspr |
Accounts Payable And Accrued Expenses For Purchases Of Property And Equipment
AccountsPayableAndAccruedExpensesForPurchasesOfPropertyAndEquipment
|
usd | ||
jspr |
Noncash Leasehold Improvements
NoncashLeaseholdImprovements
|
usd | ||
CY2023Q2 | us-gaap |
Other Depreciation And Amortization
OtherDepreciationAndAmortization
|
usd | |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
|
usd | |
CY2023Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
109213669 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
36353509 | shares | |
CY2022Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
36397822 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
98605265 | shares | |
CY2023Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.15 | |
CY2022Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.29 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.31 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.35 | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q2 | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001788028 |