Share-Based Compensation (Tables)

3 Months Ended

Jun. 30, 2022

Share-Based Payment Arrangement [Abstract]

Summary of Share Option Activity

The following table summarizes share option activity:

	Number of Share Options Outstanding			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Months)
Outstanding — March 31, 2022		2,850,548		$	4.88		90
Granted		572,122			1.41		120
Exercised		—			—		—
Forfeited		(394,436	)		7.58		—
Outstanding — June 30, 2022		3,028,234		$	3.87		95
Exercisable — June 30, 2022		989,250		$	6.45		61

Summary of Share Option Granted, Exercise Price, Fair Value, Intrinsic Value

The following table summarizes the options granted in the three month period ended June 30, 2022 with their exercise prices, the fair value of ordinary shares as of the applicable grant date, and the intrinsic value, if any:

Grant Date	Number of Options Granted		Exercise Price		Ordinary Shares Fair Value Per Share at Grant Date		Per Share Intrinsic Value of Options
April 1, 2022		504,882	$	1.20	$	1.20	$	0.79
May 1, 2022		67,240		0.58		0.58		0.39

Summary of Weighted-Average Assumptions to Share Options Issued

A summary of the weighted-average assumptions applicable to the share options issued during the three month period ended June 30, 2022 is as follows:

Risk-free interest rate		2.46	%
Expected lives (years)		6
Volatility		73.96	%
Dividend yield		—
Grant date fair value (per share)	$	1.13
Number granted		572,122

Summary of RSUs

A summary of the RSUs in issue at June 30, 2022 is as follows:

	Number of RSUs Outstanding
RSUs subject to time based vesting		2,265,195
RSUs subject to milestone and performance based vesting		2,173,500