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Condensed Consolidated Balance Sheets - USD ($)
Dec. 31, 2019
Mar. 31, 2019
Current assets:    
Cash and cash equivalents $ 83,073,000 $ 156,074,000
Marketable securities 15,815,000 0
Prepaid expenses and other current assets 12,086,000 10,194,000
Income tax receivable 0 524,000
Total current assets 110,974,000 166,792,000
Property and equipment, net 2,406,000 2,071,000
Operating lease right-of-use asset 11,491,000  
Other assets 4,636,000 4,114,000
Total assets 129,507,000 172,977,000
Current liabilities:    
Accounts payable 6,617,000 11,019,000
Interest payable 0 1,077,000
Interest payable (related party) 16,000 0
Accrued expenses 45,214,000 53,735,000
Operating lease liability 1,449,000  
Current maturities of long-term debt 0 6,142,000
Total current liabilities 53,296,000 71,973,000
Deferred rent   1,157,000
Deferred interest payable 0 2,273,000
Long-term operating lease liability 11,399,000  
Long-term debt, less current maturities 0 93,240,000
Long-term debt, less current maturities (related party) 113,700,000 0
Total liabilities 178,395,000 168,643,000
Commitments and contingencies (Note 12)
Shareholders’ (deficit) equity:    
Common shares, par value $0.000017727 per share, 564,111,242 shares authorized, 89,787,654 and 72,057,490 issued and outstanding at December 31, 2019 and March 31, 2019, respectively 2,000 1,000
Additional paid-in capital 678,034,000 505,851,000
Accumulated other comprehensive (loss) income (823,000) 507,000
Accumulated deficit (726,101,000) (502,025,000)
Total shareholders’ (deficit) equity (48,888,000) 4,334,000
Total liabilities and shareholders’ (deficit) equity $ 129,507,000 $ 172,977,000