Subsequent events

12 Months Ended

Mar. 31, 2020

Subsequent events

Subsequent events

17.          Subsequent events

For its consolidated financial statements as of March 31, 2020 and for the year then ended, the Company evaluated subsequent events through the date on which those financial statements were issued.

Hercules Loan Agreement

On June 1, 2020, the Company amended the Hercules Loan Agreement to increase the secured term loan facility from $30,000 to $40,000 by adding a fourth advance of up to $10,000 which may be borrowed between July 1, 2021 and December 15, 2021. The amended agreement contains certain borrowing milestones as defined in the agreement. Additionally, the Amortization Date was changed from March 1, 2022 to September 1, 2022 to extend the interest only payment period by six months.