Balance Sheet

v3.25.0.1

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2024	Mar. 31, 2024
Current assets:
Cash and cash equivalents	$ 374,685	$ 635,365
Accounts receivable	2,224	5,337
Prepaid expenses and other current assets	35,632	25,068
Total current assets	412,541	665,770
Operating lease right-of-use assets	22	133
Other assets	7,617	0
Property and equipment, net	752	462
Total assets	420,932	666,365
Current liabilities:
Accounts payable	19,816	7,155
Accrued expenses	48,476	41,315
Current portion of operating lease liabilities	23	138
Total current liabilities	68,315	48,608
Total liabilities	68,315	48,608
Commitments and contingencies (Note 9)
Stockholders’ equity:
Common stock, par value $0.0001 per share, 500,000,000 shares authorized, 147,203,565 shares issued and outstanding at December 31, 2024 and 500,000,000 shares authorized, 145,582,999 shares issued and outstanding at March 31, 2024	14	14
Additional paid-in capital	1,483,198	1,441,518
Accumulated other comprehensive income	2,479	1,908
Accumulated deficit	(1,133,074)	(825,683)
Total stockholders’ equity	352,617	617,757
Total liabilities and stockholders’ equity	420,932	666,365
Series A preferred stock
Stockholders’ equity:
Preferred stock	0	0
Preferred Stock
Stockholders’ equity:
Preferred stock	$ 0	$ 0

- Definition

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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