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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Mar. 31, 2020
Cash flows from operating activities:      
Net loss $ (8,594) $ (28,057) $ (72,600)
Adjustments to reconcile net loss to net cash used in operating activities:      
Unrealized foreign currency translation adjustment 44 (972)  
Amortization of operating lease right-of-use assets 427 369  
Share-based compensation expense 1,590 2,135  
Depreciation and non-cash amortization 492 426  
Non-cash gain on long-term investment (2,184) 0  
Change in operating lease liabilities (432) (369)  
Other 3 25  
Changes in operating assets and liabilities:      
Prepaid expenses and other current assets (1,027) 203  
Income tax receivable (10) (190)  
Other non-current assets 0 340  
Accounts payable (1,442) 1,198  
Accrued expenses (2,370) 7,161  
Net cash used in operating activities (13,503) (17,731)  
Cash flows from investing activities:      
Purchases of property and equipment (19) (78)  
Net cash used in investing activities (19) (78)  
Cash flows from financing activities:      
Payments on long-term debt (15,731) (5,047)  
Capital contribution received from Roivant Sciences, Inc. 53 28  
Cash proceeds from stock option exercises 0 5  
Cash proceeds from issuance of common shares, net of issuance costs 3,930 0  
Net cash used in financing activities (11,748) (5,014)  
Net change in cash and cash equivalents (25,270) (22,823)  
Cash and cash equivalents—beginning of period 80,752 106,999 106,999
Cash and cash equivalents—end of period 55,482 84,176 $ 80,752
Non-cash operating activities:      
Operating lease right-of-use assets recognized upon and since the adoption of ASC 842, Leases, on April 1, 2019 0 2,986  
Operating lease liabilities recognized upon and since the adoption of ASC 842, Leases, on April 1, 2019 0 2,400  
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 $ 0 $ 586