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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net loss $ (23,317) $ (18,970)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-based compensation 2,201 2,621
Depreciation 50 0
Acquisition of in-process research and development expense 0 13,117
Changes in the fair value of the warrant liability 0 1,832
Unrealized currency translation 264 0
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (1,961) 0
Deferred income taxes 208 0
Other assets (3,074) 0
Accounts payable (143) 0
Income tax payable 826 0
Accrued expenses (686) 244
Due to Roivant Sciences Ltd. and Roivant Sciences, Inc. (1,030) 1,153
Deferred rent 105 3
Net cash used in operating activities (26,557) 0
Cash flows from investing activities:    
Purchase of furniture and equipment (90) 0
Net cash used in investing activities (90) 0
Cash flows from financing activities:    
Net cash provided by financing activities 0 0
Net change in cash (26,647) 0
Cash—beginning of period 180,838 0
Cash—end of period 154,191 0
Non-cash investing and financing activities:    
Deferred initial public offering costs, unpaid 0 524
Acquisition of in-process research and development 0 13,117
Supplemental disclosure of cash paid:    
Income taxes $ 50 $ 0