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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

X

- 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)

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- References

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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.

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