Annual report pursuant to Section 13 and 15(d)

Supplemental Financial Information (Tables)

v3.19.2
Supplemental Financial Information (Tables)
12 Months Ended
Mar. 31, 2019
Fair Value Disclosures [Abstract]  
Schedule of quarterly financial information

 

Quarterly Results of Operations (Unaudited)

 (in thousands, except share and per share amounts)

 

    Three Months Ended   Total
    June 30, 2018   September 30, 2018   December 31, 2018   March 31, 2019   Fiscal Year 2019
Operating expenses:                                        
Research and development   $ 2,744     $ 5,261     $ 5,335     $ 3,758     $ 17,098  
General and administrative     1,466       2,171       1,857       1,964       7,458  
Total operating expenses     4,210       7,432       7,192       5,722       24,556  
Loss from operations     (4,210 )     (7,432 )     (7,192 )     (5,722 )     (24,556 )
                                         
Other expenses, net:                                        
Interest expense, net     (2 )     (3 )     (2 )     (1 )     (8 )
Loss on extinguishment of accounts payable     —         —         (23 )     —         (23 )
                                         
Loss before income taxes     (4,212 )     (7,435 )     (7,217 )     (5,723 )     (24,587 )
Income taxes     (2 )     —         —         —         (2 )
Net loss and comprehensive loss     (4,214 )     (7,435 )     (7,217 )     (5,723 )     (24,589 )
                                         
Accrued dividend on Series B Preferred stock     (274 )     (284 )     (291 )     (291 )     (1,140 )
Net loss attributable to common stockholders   $ (4,488 )   $ (7,719 )   $ (7,508 )   $ (6,014 )   $ (25,729 )
                                         
Basic and diluted net loss per common share                                        
attributable to common stockholders   $ (0.20 )   $ (0.30 )   $ (0.24 )   $ (0.17 )   $ (0.90 )
                                         
Weighted average shares used in computing:                                        
 Basic and diluted net loss per common share                                        
       attributable to common stockholders     22,987,066       25,815,245       30,696,312       35,113,753       28,562,490  

 

 

    Three Months Ended   Total
    June 30, 2017   September 30, 2017   December 31, 2017   March 31, 2018   Fiscal Year 2018
                     
Operating expenses:                                        
Research and development   $ 1,096     $ 2,427     $ 1,602     $ 2,638     $ 7,763  
General and administrative     1,164       2,567       1,266       1,440       6,437  
Total operating expenses     2,260       4,994       2,868       4,078       14,200  
Loss from operations     (2,260 )     (4,994 )     (2,868 )     (4,078 )     (14,200 )
                                         
Other expenses, net:                                        
Interest expense, net     (3 )     (3 )     (2 )     (1 )     (9 )
Loss on extinguishment of accounts payable     —         —         (135 )     —         (135 )
                                         
Loss before income taxes     (2,263 )     (4,997 )     (3,005 )     (4,079 )     (14,344 )
Income taxes     (2 )     —         —         —         (2 )
Net loss and comprehensive loss     (2,265 )     (4,997 )     (3,005 )     (4,079 )     (14,346 )
Accrued dividend on Series B Preferred stock     (247 )     (257 )     (263 )     (263 )     (1,030 )
Deemed dividend from trigger of down round                                        
provision feature     —         —         (199 )     —         (199 )
                                         
Net loss attributable to common stockholders   $ (2,512 )   $ (5,254 )   $ (3,467 )   $ (4,342 )   $ (15,575 )
                                         
Basic and diluted net loss per common share                                        
attributable to common stockholders   $ (0.28 )   $ (0.53 )   $ (0.25 )   $ (0.19 )   $ (1.12 )
                                         
Weighted average shares used in computing:                                        
Basic and diluted net loss per common share                                        
attributable to common stockholders     9,034,213       9,892,016       13,895,642       22,880,968       13,890,041