v3.25.2
Bankruptcy Proceedings (Tables)
 3 Months Ended
Jun. 30, 2025
Reorganizations [Abstract]  
Schedule of Liabilities Subject to Compromise
The following table sets forth, as of June 30, 2025 and March 31, 2025, information about the amounts presented as liabilities subject to compromise in the condensed consolidated balance sheets:
June 30,
2025		March 31,
2025
(in thousands)
Accounts payable (includes related party amounts of $2,237 and nil as of June 30, 2025 and March 31, 2025, respectively)
$8,942 $5,183 
Accrued payables and other current liabilities (includes related party amounts of nil and $2,255 as of June 30, 2025 and March 31, 2025, respectively)
1,384 6,523 
Operating lease liabilities(1)
15,503 60,915 
Accrued settlement and legal expenses(2)
47,033 39,293 
Other liabilities2,601 1,590 
Total liabilities subject to compromise$75,463 $113,504 
(1)Adjustments to Liabilities Subject to Compromise for operating lease liabilities consists of a true-up to the maximum claim amount allowed under Bankruptcy Code 502(b)(6) for rejected lease liabilities related to both the Sunnyvale Facility and the South San Francisco Facility (as defined below), which resulted in a write off of the amounts over the maximum allowed.
(2)See Note 11, “Commitments and Contingencies” for additional information.
Schedule of Amounts Presented as Reorganization Items The following table sets forth, for the three months ended June 30, 2025, information about the amounts presented as reorganization items in the condensed consolidated statements of operations and comprehensive loss:
Three Months
Ended June 30,
2025
(in thousands)
Professional fees$35,786 
DIP financing fees500 
Adjustments to liabilities subject to compromise(1)
(43,093)
Total reorganization items$(6,807)
(1)Adjustments to Liabilities Subject to Compromise consists of a true-up to the maximum claim amount allowed under Bankruptcy Code 502(b)(6) for rejected lease liabilities related to both the Sunnyvale Facility and the South San Francisco Facility (as defined below), which resulted in a write off of the amounts over the maximum allowed.