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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2017
Mar. 31, 2016
Current assets:    
Cash $ 180,838 $ 0
Prepaid expenses and other current assets 3,221 0
Income tax receivable 105 0
Total current assets 184,164 0
Deferred tax assets 208 0
Property and equipment, net 906 0
Other assets 0 0
Total assets 185,278 0
Current liabilities:    
Accounts payable 3,329 0
Accrued expenses 11,978 223
Due to Roivant Sciences Ltd. and Roivant Sciences, Inc. 3,030 0
Total current liabilities 18,337 223
Warrant liability 52 0
Deferred rent 113 0
Total liabilities 18,502 223
Commitments and contingencies (Note 10)
Shareholders’ equity (deficit):    
Common shares, par value $0.000017727 per share, 564,111,242 shares authorized, 60,275,757 and 37,231,342 issued and outstanding at March 31, 2017 and March 31, 2016, respectively 1 1
Common shares subscribed (1) (1)
Accumulated other comprehensive income 140 0
Additional paid-in capital 251,733 1,434
Accumulated deficit (85,097) (1,657)
Total shareholders’ equity (deficit) 166,776 (223)
Total liabilities and shareholders’ equity (deficit) $ 185,278 $ 0