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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Operating expenses:        
Research and development $ 11,976 [1] $ 10,331 [1] $ 28,898 $ 28,807
General and administrative 8,998 [2] 4,163 [2] 18,662 5,748
Total operating expenses 20,974 14,494 47,560 34,555
Interest expense 0 249 0 249
Other income, net (225) (294) (151) (319)
Loss before provision for income taxes (20,749) (14,449) (47,409) (34,485)
Provision for income taxes 40 33 88 56
Net loss $ (20,789) $ (14,482) $ (47,497) $ (34,541)
Net loss per common share - basic and diluted (in dollars per share) $ (0.25) [3] $ (0.38) [3] $ (0.61) $ (0.90)
Weighted-average common shares outstanding – basic and diluted 84,353,438 [3] 38,590,381 [3] 77,623,132 38,590,381
[1] Includes $68 and $176 of costs allocated from Roivant Sciences Ltd. for the three and six months ended September 30, 2020, respectively, and $1 and $152 of costs allocated from Roivant Sciences Ltd. for the three and six months ended September 30, 2019, respectively.
[2] Includes $173 and $337 of costs allocated from Roivant Sciences Ltd. for the three and six months ended September 30, 2020, respectively, and $270 and $514 of costs allocated from Roivant Sciences Ltd. for the three and six months ended September 30, 2019, respectively.
[3] Retroactively restated for the reverse recapitalization as described in Note 1.