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Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
2 Months Ended 12 Months Ended
Mar. 31, 2016
Mar. 31, 2017
Cash flows from operating activities:    
Net loss $ (1,657) $ (83,440)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-based compensation 1,434 8,717
Depreciation 0 61
Purchase of in-process research and development expense 0 13,117
Changes in the fair value of the warrant liability 0 27,518
Unrealized currency translation 0 140
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 0 (3,221)
Income tax receivable 0 (105)
Deferred tax assets 0 (208)
Accounts payable 0 3,329
Accrued expenses 223 11,755
Due to Roivant Sciences Ltd. and Roivant Sciences, Inc. 0 4,009
Deferred rent 0 113
Net cash used in operating activities 0 (18,215)
Cash flows from investing activities:    
Purchase of furniture and equipment 0 (967)
Net cash used in investing activities 0 (967)
Cash flows from financing activities:    
Cash proceeds from issuance of common shares in initial public offering, net of underwriting discount 0 202,275
Initial public offering costs paid 0 (2,311)
Cash capital contribution from Roivant Sciences Ltd. 0 1,035
Due to Roivant Sciences Ltd. and Roivant Sciences, Inc. for amounts paid on behalf of the Company 0 (979)
Net cash provided by financing activities 0 200,020
Net change in cash 0 180,838
Cash—beginning of period 0 0
Cash—end of period 0 180,838
Non-cash investing and financing activities:    
Purchase of in-process research and development 0 13,117
Supplemental disclosure of cash paid:    
Income taxes $ 0 $ 240