Replimune Group, Inc. - 10-Q filing on 2018-08-30

Fair value of financial assets and liabilities (Tables)

3 Months Ended

Jun. 30, 2018

Fair value of financial assets and liabilities

Schedule of company's financial assets and liabilities measured at fair value on a recurring basis


		Fair Value Measurements
		as of June 30, 2018 Using:
		Level 1			Level 2			Level 3			Total
Assets:
Money market funds		$	—		$	4,194		$	—		$	4,194
Commercial paper			—			22,017			—			22,017
Corporate debt securities			—			17,102			—			17,102
		$	—		$	43,313		$	—		$	43,313
Liabilities:
Warrant liability		$	—		$	—		$	7,092		$	7,092
		$	—		$	—		$	7,092		$	7,092


		Fair Value Measurements
		as of March 31, 2018 Using:
		Level 1			Level 2			Level 3			Total
Assets:
Money market funds		$	—		$	4,130		$	—		$	4,130
Commercial paper			—			27,998			—			27,998
Corporate debt securities			—			15,970			—			15,970
		$	—		$	48,098		$	—		$	48,098
Liabilities:
Warrant liability		$	—		$	—		$	1,642		$	1,642
		$	—		$	—		$	1,642		$	1,642

Schedule of unobservable inputs of the warrant liability


		Three Months Ended
		June 30,
		2017			2018
Risk-free interest rate			2.68	%		1.20	%
Expected dividend yield			0	%		0	%
Expected term (in years)			7.3			8.3
Expected volatility			64.4	%		75.0	%
Fair value of series seed preferred stock		$	15.00		$	1.68

Schedule of roll forward of the warrant liability


		Warrant
		Liability
Balance at March 31, 2018		$	1,642
Change in fair value			5,450
Balance at June 30, 2018		$	7,092