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Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net loss $ (72,628) $ (129,065)
Adjustments to reconcile net loss to net cash used in operating activities:    
Loss on disposal of fixed assets 19 148
Unrealized foreign currency translation adjustment (966) 785
Amortization of operating lease right-of-use assets 1,617  
Share-based compensation expense 7,895 16,429
Depreciation and non-cash amortization 1,477 2,450
Non-cash gain on long-term investment 0 (5,871)
Change in operating lease liabilities (1,582) 0
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 2,917 (3,685)
Other non-current assets 340 (973)
Income tax receivable 19 25
Accounts payable 2,710 (2,251)
Due to/from Roivant Sciences Ltd. and certain of its wholly owned subsidiaries (25) (956)
Accrued expenses (9,266) (11,243)
Net cash used in operating activities (67,473) (134,207)
Cash flows from investing activities:    
Purchases of property and equipment (255) (202)
Net cash used in investing activities (255) (202)
Cash flows from financing activities:    
Capital contribution received from Roivant Sciences, Inc. 148 1,894
Payments on long-term debt (29,563) (9,707)
Cash proceeds from stock option exercises 86 335
Cash proceeds from issuance of common shares and pre-funded warrants, net of issuance costs 70,810 94,549
Net cash provided by financing activities 41,481 87,071
Net change in cash and cash equivalents (26,247) (47,338)
Cash and cash equivalents—beginning of year 106,999 154,337
Cash and cash equivalents—end of year 80,752 106,999
Non-cash operating activities:    
Operating lease right-of-use assets recognized upon and since the adoption of ASC 842, Leases, on April 1, 2019 3,103  
Operating lease liabilities recognized upon and since the adoption of ASC 842, Leases, on April 1, 2019 2,517  
Amounts reclassified from other non-current assets to operating lease right-of-use assets upon the adoption of ASC 842, Leases, on April 1, 2019 586  
Supplemental disclosure of cash paid:    
Income taxes 562 71
Interest $ 4,012 $ 6,376