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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2016
Mar. 31, 2016
Current assets:    
Cash $ 73 $ 0
Prepaid expenses and other current assets 38 0
Total current assets 111 0
Deferred initial public offering costs 1,674 0
Property, plant and equipment, net 110 0
Other assets 100 0
Total assets 1,995 0
Current liabilities:    
Accrued expenses and accounts payable 2,526 223
Due to Roivant Sciences Ltd. and Roivant Sciences, Inc. 4,838 0
Income tax payable 1 0
Total current liabilities 7,365 223
Warrant liability 32,555 0
Total liabilities 39,920 223
Commitments and contingencies (Note 9)
Shareholders’ deficit:    
Common shares, par value $0.000017727 per share, 564,111,242 shares authorized, 43,750,684 and 37,231,342 issued and outstanding at September 30, 2016 and March 31, 2016, respectively 1 1
Common shares subscribed (1) (1)
Additional paid-in capital 17,415 1,434
Accumulated deficit (55,340) (1,657)
Total shareholders’ deficit (37,925) (223)
Total liabilities and shareholders’ deficit $ 1,995 $ 0