Income Taxes (Tables)

12 Months Ended

Mar. 31, 2017

Schedule of Loss Before Income Taxes and Related Tax Benefit

The loss before income taxes and the related tax benefit are as follows (in thousands):



	Year ended March 31, 2017			Period from February 2, 2016 (Date of Inception) to March 31, 2016
Loss before income taxes:
United States	$	(2,924	)	$	—
Switzerland	(29,745		)	—
Bermuda	(50,845		)	(1,657		)
Total loss before income taxes	$	(83,514	)	$	(1,657	)

Current taxes:
United States	$	134		$	—
Switzerland	—			—
Bermuda	—			—
Total current tax expense	134			—
Deferred taxes:
United States	(208		)	—
Switzerland	—			—
Bermuda	—			—
Total deferred tax benefit	(208		)	—
Total income tax benefit	$	(74	)	$	—

Schedule of Effective Income Tax Reconciliation

A reconciliation of income tax benefit computed at the Bermuda statutory rate to income tax benefit reflected in the financial statements is as follows:



	Year ended March 31, 2017					Period from February 2, 2016 (Date of Inception) to March 31, 2016
	in 000s			%		in 000s		%
Income tax benefit at Bermuda statutory rate	$	—		—	%	$	—	—	%
Foreign rate differential	(7,592		)	9.09		—		—
Valuation allowance	7,378			(8.83	)	—		—
Other	140			(0.17	)	—		—
Total income tax benefit	$	(74	)	0.09	%	$	—	—	%

Schedule of Deferred Taxes

Significant components of the deferred tax assets (liabilities) at March 31, 2017 are as follows (in thousands):



	March 31, 2017			March 31, 2016
Research tax credits	$	163		$	—
Other	300			—
Depreciation	(255		)	—
Swiss net operating loss	6,019			—
Share-based compensation	1,382			—
Subtotal	7,609			—
Valuation allowance	(7,401		)	—
Total deferred tax assets	$	208		$	—