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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 87,288 $ 10,315
Other receivables 1,011 304
Tax incentive receivables, current 1,932  
Prepaid expenses and other current assets 1,828 1,253
Total current assets 92,059 11,872
Tax incentive receivables   144
Property and equipment, net 1,164 1,500
Deposits 206 206
Restricted cash 50 50
Total assets 93,479 13,772
Current liabilities:    
Accounts payable 3,470 1,139
Accrued expenses and other current liabilities 4,321 2,928
Derivative liabilities 223 2,708
Deferred rent 143 143
Total current liabilities 8,157 6,918
Deferred rent, net of current portion 365 493
Total liabilities 8,522 7,411
Commitments and contingencies (Note 11)
Stockholders' equity (deficit):    
Common units, zero and 335,281 units issued and outstanding as of December 31, 2017 and 2016, respectively 0 0
Preferred stock, $0.001 par value; 10,000,000 and zero shares authorized as of December 31, 2017 and 2016, respectively
Common stock, $0.001 par value; 60,000,000 shares authorized as of December 31, 3017; 14,369,182 shares issued and outstanding as of December 31, 2017; no shares authorized, issued or outstanding as of December 31, 2016 14  
Additional paid-in capital 181,428  
Accumulated deficit (96,840) (45,440)
Total Spero Therapeutics, Inc. stockholders' equity (deficit) 84,602 (45,440)
Non-controlling interests 355 (3,808)
Total stockholders' equity (deficit) 84,957 (49,248)
Total liabilities, redeemable convertible preferred units, and stockholders' equity (deficit) $ 93,479 13,772
Bridge Units [Member]    
Current liabilities:    
Convertible preferred stock   7,924
Redeemable Convertible Preferred Units [Member]    
Current liabilities:    
Convertible preferred stock   $ 47,685