$SPRB
SPRUCE BIOSCIENCES, INC.

2024 Q4 Form 10-Q Financial Statement

#000095017024124479 Filed on November 12, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $600.0K
YoY Change -80.65%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $3.456M
YoY Change 6.67%
% of Gross Profit
Research & Development $6.554M
YoY Change -51.43%
% of Gross Profit
Depreciation & Amortization $10.00K
YoY Change 0.0%
% of Gross Profit
Operating Expenses $10.01M
YoY Change -40.17%
Operating Profit -$9.408M
YoY Change -31.12%
Interest Expense $71.00K
YoY Change -40.34%
% of Operating Profit
Other Income/Expense, Net $808.0K
YoY Change -43.1%
Pretax Income -$8.671M
YoY Change -29.79%
Income Tax
% Of Pretax Income
Net Earnings -$8.671M
YoY Change -29.81%
Net Earnings / Revenue -1445.17%
Basic Earnings Per Share -$0.21
Diluted Earnings Per Share -$0.21
COMMON SHARES
Basic Shares Outstanding 41.30M 41.30M
Diluted Shares Outstanding 41.30M

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $60.06M
YoY Change -44.39%
Cash & Equivalents $60.06M
Short-Term Investments
Other Short-Term Assets $860.0K
YoY Change 105.25%
Inventory
Prepaid Expenses $2.658M
Receivables
Other Receivables
Total Short-Term Assets $63.57M
YoY Change -42.8%
LONG-TERM ASSETS
Property, Plant & Equipment $998.0K
YoY Change -16.83%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $531.0K
YoY Change -12.52%
Total Long-Term Assets $1.529M
YoY Change -17.22%
TOTAL ASSETS
Total Short-Term Assets $63.57M
Total Long-Term Assets $1.529M
Total Assets $65.10M
YoY Change -42.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.799M
YoY Change -42.93%
Accrued Expenses $7.740M
YoY Change -33.28%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $1.622M
YoY Change 0.0%
Total Short-Term Liabilities $11.86M
YoY Change -50.98%
LONG-TERM LIABILITIES
Long-Term Debt $524.0K
YoY Change -75.2%
Other Long-Term Liabilities $273.0K
YoY Change 24.09%
Total Long-Term Liabilities $797.0K
YoY Change -65.84%
TOTAL LIABILITIES
Total Short-Term Liabilities $11.86M
Total Long-Term Liabilities $797.0K
Total Liabilities $13.46M
YoY Change -51.22%
SHAREHOLDERS EQUITY
Retained Earnings -$226.7M
YoY Change 21.04%
Common Stock $278.3M
YoY Change 2.08%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $51.64M
YoY Change
Total Liabilities & Shareholders Equity $65.10M
YoY Change -42.38%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income -$8.671M
YoY Change -29.81%
Depreciation, Depletion And Amortization $10.00K
YoY Change 0.0%
Cash From Operating Activities -$9.223M
YoY Change -24.83%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities $0.00
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -405.0K
YoY Change -1.22%
NET CHANGE
Cash From Operating Activities -9.223M
Cash From Investing Activities 0.000
Cash From Financing Activities -405.0K
Net Change In Cash -9.628M
YoY Change -829.39%
FREE CASH FLOW
Cash From Operating Activities -$9.223M
Capital Expenditures $0.00
Free Cash Flow -$9.223M
YoY Change -24.89%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Amendment Flag
AmendmentFlag
false
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Central Index Key
EntityCentralIndexKey
0001683553
CY2024Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2023Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2024-09-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-39594
dei Entity Registrant Name
EntityRegistrantName
Spruce Biosciences, Inc.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
81-2154263
dei Entity Address Address Line1
EntityAddressAddressLine1
611 Gateway Boulevard
dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 740
dei Entity Address City Or Town
EntityAddressCityOrTown
South San Francisco
dei Entity Address State Or Province
EntityAddressStateOrProvince
CA
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
94080
dei City Area Code
CityAreaCode
415
dei Local Phone Number
LocalPhoneNumber
655-4168
dei Security12b Title
Security12bTitle
Common Stock, par value $0.0001 per share
dei Trading Symbol
TradingSymbol
SPRB
dei Security Exchange Name
SecurityExchangeName
NASDAQ
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
dei Entity Ex Transition Period
EntityExTransitionPeriod
false
dei Entity Shell Company
EntityShellCompany
false
CY2024Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
41302599
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
60055000
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
96339000
CY2024Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
2658000
CY2023Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
3876000
CY2024Q3 us-gaap Other Assets Current
OtherAssetsCurrent
860000
CY2023Q4 us-gaap Other Assets Current
OtherAssetsCurrent
1968000
CY2024Q3 us-gaap Assets Current
AssetsCurrent
63573000
CY2023Q4 us-gaap Assets Current
AssetsCurrent
102183000
CY2024Q3 sprb Lease Right Of Use Asset
LeaseRightOfUseAsset
998000
CY2023Q4 sprb Lease Right Of Use Asset
LeaseRightOfUseAsset
1181000
CY2024Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
531000
CY2023Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
582000
CY2024Q3 us-gaap Assets
Assets
65102000
CY2023Q4 us-gaap Assets
Assets
103946000
CY2024Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
1799000
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
3332000
CY2024Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
7740000
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
14600000
CY2024Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
1622000
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
1622000
CY2024Q3 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
697000
CY2023Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
4911000
CY2024Q3 us-gaap Liabilities Current
LiabilitiesCurrent
11858000
CY2023Q4 us-gaap Liabilities Current
LiabilitiesCurrent
24465000
CY2024Q3 sprb Lease Liability Noncurrent
LeaseLiabilityNoncurrent
809000
CY2023Q4 sprb Lease Liability Noncurrent
LeaseLiabilityNoncurrent
1019000
CY2024Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
524000
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1717000
CY2024Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
273000
CY2023Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
236000
CY2024Q3 us-gaap Liabilities
Liabilities
13464000
CY2023Q4 us-gaap Liabilities
Liabilities
27437000
CY2024Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2024Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2023Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2024Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2024Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2023Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2024Q3 us-gaap Preferred Stock Value
PreferredStockValue
0
CY2023Q4 us-gaap Preferred Stock Value
PreferredStockValue
0
CY2024Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2024Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000
CY2024Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
41302599
CY2024Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
41302599
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
41029832
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
41029832
CY2024Q3 us-gaap Common Stock Value
CommonStockValue
4000
CY2023Q4 us-gaap Common Stock Value
CommonStockValue
4000
CY2024Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
278343000
CY2023Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
273737000
CY2024Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-226709000
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-197232000
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
51638000
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
76509000
CY2024Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
65102000
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
103946000
CY2024Q3 us-gaap Revenues
Revenues
602000
CY2023Q3 us-gaap Revenues
Revenues
3073000
us-gaap Revenues
Revenues
4214000
us-gaap Revenues
Revenues
7202000
CY2024Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
6554000
CY2023Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
13494000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
24961000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
38332000
CY2024Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3456000
CY2023Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3237000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
11330000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
9699000
CY2024Q3 us-gaap Operating Expenses
OperatingExpenses
10010000
CY2023Q3 us-gaap Operating Expenses
OperatingExpenses
16731000
us-gaap Operating Expenses
OperatingExpenses
36291000
us-gaap Operating Expenses
OperatingExpenses
48031000
CY2024Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-9408000
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-13658000
us-gaap Operating Income Loss
OperatingIncomeLoss
-32077000
us-gaap Operating Income Loss
OperatingIncomeLoss
-40829000
CY2024Q3 us-gaap Interest Expense
InterestExpense
71000
CY2023Q3 us-gaap Interest Expense
InterestExpense
119000
us-gaap Interest Expense
InterestExpense
251000
us-gaap Interest Expense
InterestExpense
377000
CY2024Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
808000
CY2023Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1423000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2851000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3237000
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
-8671000
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-12354000
us-gaap Net Income Loss
NetIncomeLoss
-29477000
us-gaap Net Income Loss
NetIncomeLoss
-37969000
CY2024Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
0
CY2023Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
52000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
0
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
555000
CY2024Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-8671000
CY2023Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-12302000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-29477000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-37414000
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.21
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.21
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.3
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.3
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.72
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.72
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.01
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.01
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41302599
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41302599
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40710692
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40710692
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41187766
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41187766
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37751865
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37751865
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
59169000
CY2024Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1140000
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
-8671000
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
51638000
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
76509000
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
180000
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
52000
us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
-13000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4387000
us-gaap Net Income Loss
NetIncomeLoss
-29477000
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
51638000
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
96561000
CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1122000
CY2023Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
52000
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-12354000
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
85381000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
68486000
sprb Exercise Of Pre Funded Warrants
ExerciseOfPreFundedWarrants
8000
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
99000
us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
-94000
sprb Common Stock And Warrant Net Offering Costs
CommonStockAndWarrantNetOfferingCosts
2721000
sprb Stock Issued During Period Value Of Common Stock And Warrants
StockIssuedDuringPeriodValueOfCommonStockAndWarrants
50895000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3401000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
555000
us-gaap Net Income Loss
NetIncomeLoss
-37969000
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
85381000
us-gaap Profit Loss
ProfitLoss
-29477000
us-gaap Profit Loss
ProfitLoss
-37969000
us-gaap Share Based Compensation
ShareBasedCompensation
4387000
us-gaap Share Based Compensation
ShareBasedCompensation
3401000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
37000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
54000
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
0
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
570000
sprb Non Cash Lease Expense
NonCashLeaseExpense
183000
sprb Non Cash Lease Expense
NonCashLeaseExpense
171000
sprb Loss On Disposal Of Property And Equipment
LossOnDisposalOfPropertyAndEquipment
2000
sprb Loss On Disposal Of Property And Equipment
LossOnDisposalOfPropertyAndEquipment
2000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1855000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-945000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-85000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-110000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1533000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1726000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-6439000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
2394000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-4214000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
7798000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-173000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-128000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-35287000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-22066000
us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
0
us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
58365000
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
0
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
11881000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
0
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
7000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
0
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
46477000
sprb Proceeds From Issuance Of Common Stock And Warrants
ProceedsFromIssuanceOfCommonStockAndWarrants
0
sprb Proceeds From Issuance Of Common Stock And Warrants
ProceedsFromIssuanceOfCommonStockAndWarrants
53616000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
180000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0
us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
52000
us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
99000
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
0
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
8000
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
2721000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1216000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1216000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
13000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
94000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-997000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
49692000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-36284000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
74103000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
96374000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
24732000
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
60090000
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
98835000
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
60055000
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
98801000
CY2024Q3 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
35000
CY2023Q3 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
34000
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
60090000
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
98835000
CY2024Q3 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
60100000
us-gaap Net Income Loss
NetIncomeLoss
-29500000
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
35300000
CY2024Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-226700000
us-gaap Use Of Estimates
UseOfEstimates
<p style="font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Use of Estimates</span><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities and expenses as well as related disclosure of contingent assets and liabilities. Significant estimates and assumptions reflected in these financial statements include, but are not limited to, accrued research and development expenses, revenue recognition, stock-based compensation, and uncertain tax positions. The Company bases its estimates on its historical experience and on assumptions that it believes are reasonable; however, actual results could significantly differ from those estimates.</span></p>
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Concentration of Credit Risk</span><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:12pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Financial instruments, which potentially subject the Company to significant concentration of credit risk, consist primarily of cash and cash equivalents. The Company maintains deposits in federally insured financial institutions in excess of federally insured limits. The Company is exposed to credit risk in the event of default by the financial institutions holding its cash and cash equivalents to the extent recorded in the condensed balance sheets.</span></p>
us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
0
CY2024Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
0
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
0
CY2024Q3 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0
CY2023Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0
sprb Impairment Loss On Investments Available For Sale Securities
ImpairmentLossOnInvestmentsAvailableForSaleSecurities
0
sprb Impairment Loss On Investments Available For Sale Securities
ImpairmentLossOnInvestmentsAvailableForSaleSecurities
0
CY2024Q3 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
2400000
CY2023Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
3600000
CY2024Q3 sprb Accrued Research And Development Expenses
AccruedResearchAndDevelopmentExpenses
4221000
CY2023Q4 sprb Accrued Research And Development Expenses
AccruedResearchAndDevelopmentExpenses
10832000
CY2024Q3 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
2223000
CY2023Q4 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
3101000
CY2024Q3 sprb Accrued General And Administrative Expenses
AccruedGeneralAndAdministrativeExpenses
1021000
CY2023Q4 sprb Accrued General And Administrative Expenses
AccruedGeneralAndAdministrativeExpenses
416000
CY2024Q3 sprb Lease Liability Current
LeaseLiabilityCurrent
275000
CY2023Q4 sprb Lease Liability Current
LeaseLiabilityCurrent
251000
CY2024Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
7740000
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
14600000
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
450000
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
1709000
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
136000
CY2024Q3 us-gaap Long Term Debt
LongTermDebt
2295000
CY2024Q3 sprb Debt Interest
DebtInterest
132000
CY2024Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2163000
CY2024Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
17000
CY2024Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
1622000
CY2024Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
524000
CY2024Q3 sprb Potential Additional Cash Receipt
PotentialAdditionalCashReceipt
65000000
CY2024Q3 us-gaap Revenues
Revenues
600000
CY2023Q3 us-gaap Revenues
Revenues
3100000
us-gaap Revenues
Revenues
4200000
us-gaap Revenues
Revenues
7200000
CY2024Q3 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
700000
CY2024Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000
CY2024Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
us-gaap Common Stock Voting Rights
CommonStockVotingRights
one vote
us-gaap Dividends Common Stock
DividendsCommonStock
0
CY2024Q3 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
23050984
CY2023Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
21019708
CY2024Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1140000
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1122000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4387000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3401000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
210000
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
-8671000
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-12354000
us-gaap Net Income Loss
NetIncomeLoss
-29477000
us-gaap Net Income Loss
NetIncomeLoss
-37969000
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41302599
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41302599
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40710692
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40710692
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41187766
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41187766
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37751865
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37751865
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.21
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.21
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.3
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.3
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.72
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.72
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.01
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.01
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
20724551
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
19701726
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
FilingSummary.xml Edgar Link unprocessable
0000950170-24-124479-index-headers.html Edgar Link pending
0000950170-24-124479-index.html Edgar Link pending
0000950170-24-124479.txt Edgar Link pending
0000950170-24-124479-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
sprb-20240930.htm Edgar Link pending
sprb-20240930.xsd Edgar Link pending
sprb-ex31_1.htm Edgar Link pending
sprb-ex31_2.htm Edgar Link pending
sprb-ex32_1.htm Edgar Link pending
sprb-ex32_2.htm Edgar Link pending
sprb-20240930_htm.xml Edgar Link completed