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Long Term Debt and Loan Commitment (Tables) | 3 Months Ended | 12 Months Ended
--- | --- | ---
Jun. 30, 2021 | Mar. 31, 2021
Debt Disclosure [Abstract] |  |
Schedule of Long Term Debt | Long-term debt, net consists of the following (in thousands):
|  | June 30, 2021 |  |  | March 31, 2021 |
Principal amount |  | $ | 195,200 |  |  | $ | 170,100 |
Exit fee / end of term charge |  |  | 5,000 |  |  |  | 1,390 |
Less: unamortized debt discount and issuance costs |  |  | (13,850 | ) |  |  | (1,210 | )
Total debt, net |  |  | 186,350 |  |  |  | 170,280 |
Less: current portion |  |  | — |  |  |  | — |
Total long-term debt, net |  | $ | 186,350 |  |  | $ | 170,280 |
| Long-term debt, net consists of the following (in thousands):
|  | March 31, 2021 |  |  | March 31, 2020 |
Principal amount |  | $ | 171,490 |  |  | $ | 110,490 |
Less: unamortized debt discount and issuance costs |  |  | (1,210 | ) |  |  | (1,898 | )
Total debt, net |  |  | 170,280 |  |  |  | 108,592 |
Less: current portion |  |  | — |  |  |  | — |
Total long-term debt, net |  | $ | 170,280 |  |  | $ | 108,592 |
Schedule of Company's Annual Payments |  | Annual maturities, including the end of term charge, of debt outstanding as of March 31, 2021 are as follows (in thousands). Long-term debt held by Dermavant for which the fair value option has been elected is excluded from the below as the repayment terms are variable.
Years Ending March 31, |  |  |
2022 |  | $ | 3,129 |
2023 |  |  | 13,306 |
2024 |  |  | 4,955 |
2025 |  |  | — |
2026 |  |  | — |
Thereafter |  |  | — |
Total |  | $ | 21,390 |

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- Definition Tabular disclosure of contractual obligation by timing of payment due. Includes, but is not limited to, long-term debt obligation, lease obligation, and purchase obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 303 -Paragraph (a) -Subparagraph (5) + Details
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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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