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Condensed Consolidated Statement of Cash Flows
$ in Thousands
6 Months Ended
Sep. 30, 2016
USD ($)
Cash flows from operating activities:  
Net loss $ (53,683)
Adjustments to reconcile net loss to net cash used in operating activities:  
Share-based compensation 4,771
Depreciation 1
Purchase of in-process research and development expense 13,117
Changes in the fair value of the warrant liability 29,817
Changes in operating assets and liabilities:  
Prepaid expenses and other current assets (38)
Due to Roivant Sciences Ltd. and Roivant Sciences, Inc. 4,014
Other assets (100)
Accrued expenses and accounts payable 1,413
Income tax payable 1
Net cash used in operating activities (687)
Cash flows from investing activities:  
Net cash used in investing activities 0
Cash flows from financing activities:  
Cash capital contribution from Roivant Sciences Ltd. 831
Deferred initial public offering costs (71)
Net cash provided by financing activities 760
Net change in cash 73
Cash—beginning of period 0
Cash—end of period 73
Non-cash financing activities:  
Deferred initial public offering costs, unpaid 1,603
Purchase of in-process research and development 13,117
Supplemental disclosure of cash paid:  
Taxes $ 10