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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Operating expenses:        
Research and development [1] $ 50,803 $ 53,813 $ 101,920 $ 105,154
General and administrative [2] 16,603 10,310 30,755 19,052
Total operating expenses 67,406 64,123 132,675 124,206
Interest expense 3,788 1,580 7,581 3,197
Interest income (942) 0 (1,708) 0
Other expense (income), net 121 (21) (584) 268
Loss before income taxes (70,373) (65,682) (137,964) (127,671)
Income tax expense 195 88 508 233
Net loss $ (70,568) $ (65,770) $ (138,472) $ (127,904)
Net loss per common share — basic and diluted (in USD per share) $ (0.79) $ (0.99) $ (1.68) $ (1.97)
Weighted average common shares outstanding — basic and diluted (in shares) 88,798,398 66,666,876 82,667,061 64,997,698
Research and development        
Costs allocated from RSL, RSI, and RSG $ 26 $ 246 $ 51 $ 2,434
General and administrative        
Costs allocated from RSL, RSI, and RSG $ 224 $ 949 $ 422 $ 2,174
[1] Includes $26 and $246 of costs allocated from RSL, RSI, and RSG during the three months ended September 30, 2019 and 2018, respectively, and $51 and $2,434 of costs allocated from RSL, RSI, and RSG during the six months ended September 30, 2019 and 2018, respectively. Also includes share-based compensation expense (see Note 10).
[2] Includes $224 and $949 of costs allocated from RSL, RSI, and RSG during the three months ended September 30, 2019 and 2018, respectively, and $422 and $2,174 of costs allocated from RSL, RSI, and RSG during the six months ended September 30, 2019 and 2018, respectively. Also includes share-based compensation expense (see Note 10).