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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Mar. 31, 2019
Current assets:    
Cash and cash equivalents $ 76,644 $ 156,074
Marketable securities 2,997 0
Prepaid expenses and other current assets 8,269 10,194
Income tax receivable 0 524
Total current assets 87,910 166,792
Property and equipment, net 2,497 2,071
Operating lease right-of-use asset 11,146  
Other assets 4,373 4,114
Total assets 105,926 172,977
Current liabilities:    
Accounts payable 15,334 11,019
Interest payable 0 1,077
Interest payable (related party) 15 0
Accrued expenses 29,060 53,735
Deferred revenue 40,000 0
Operating lease liability 1,516  
Current maturities of long-term debt 0 6,142
Total current liabilities 85,925 71,973
Deferred rent   1,157
Deferred interest payable 0 2,273
Long-term operating lease liability 10,996  
Long-term debt, less current maturities 0 93,240
Long-term debt, less current maturities (related party) 113,700 0
Other 3,582 0
Total liabilities 214,203 168,643
Commitments and contingencies (Note 14)
Shareholders’ (deficit) equity:    
Common shares, par value $0.000017727 per share, 564,111,242 shares authorized, 89,833,998 and 72,057,490 issued and outstanding at March 31, 2020 and 2019, respectively 2 1
Additional paid-in capital 684,381 505,851
Accumulated other comprehensive (loss) income (1,646) 507
Accumulated deficit (791,014) (502,025)
Total shareholders’ (deficit) equity (108,277) 4,334
Total liabilities and shareholders’ (deficit) equity $ 105,926 $ 172,977