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Consolidated Statements of Operations - USD ($)
12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2018
Operating expenses:      
Research and development [1] $ 192,560,000 $ 222,607,000 $ 116,832,000
General and administrative [2] 82,327,000 42,219,000 24,231,000
Total operating expenses 274,887,000 264,826,000 141,063,000
Interest expense 11,222,000 8,821,000 2,046,000
Loss on extinguishment of debt 4,851,000 0 0
Interest expense (related party) 1,441,000 0 0
Interest income (2,552,000) (881,000) 0
Other (income) expense, net (1,621,000) 309,000 (67,000)
Total loss before income taxes (288,228,000) (273,075,000) (143,042,000)
Income tax expense 761,000 476,000 213,000
Net loss $ (288,989,000) $ (273,551,000) $ (143,255,000)
Net loss per common share — basic and diluted (in USD per share) $ (3.37) $ (4.09) $ (2.41)
Weighted average common shares outstanding — basic and diluted (in shares) 85,839,303 66,910,060 59,520,747
[1] Includes $76, $2,575 and $4,537 of costs allocated from the Company’s former majority shareholder during the years ended March 31, 2020, 2019 and 2018, respectively. Also includes share-based compensation expense (see Note 10).
[2] Includes $617, $2,873 and $4,182 of costs allocated from the Company’s former majority shareholder during the years ended March 31, 2020, 2019 and 2018, respectively. Also includes share-based compensation expense (see Note 10).