Company: SUND
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001641172-25-017143
Chunk: 188

Company: Sundance Strategies, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1B
Chunk 188
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406)

    Other Income (Expense) 

    Loss on extinguishment of debt 
     (435,199) 
     (1,047,729)
  
    Gain on settlement of liabilities 
     -  
     290,000 
  
    Interest expense 
     (349,016) 
     (410,856)
  
    Financing expense 
     (215,000) 
     (135,000)

    Total Other Income (Expense) 
     (999,215) 
     (1,303,585)

    Loss Before Income Taxes 
     (1,603,382) 
     (1,834,991)
  
    Income Tax Provision (Benefit) 
     -  
     - 

    Net Loss 
    $(1,603,382) 
    $(1,834,991)

    Loss per share: 

    Loss per share - basic and diluted 
    $(0.04) 
    $(0.04)

    Weighted average shares outstanding - basic and diluted 
     42,863,742  
     41,693,714 

The
accompanying notes are an integral part of these consolidated financial statements.

F-3

SUNDANCE
STRATEGIES, INC. AND SUBSIDIARY

 Consolidated Statements of Stockholders’ Deficit

    Additional  
       
    Total 

    Common Stock  
    Paid-In  
    Accumulated  
    Stockholders’ 

    Shares  
    Amount  
    Capital  
    Deficit  
    Deficit 

    Balance, March 31, 2023 
     41,408,441  
    $41,409  
    $28,986,558  
    $(35,061,875) 
    $(6,033,908)

    Common stock and warrants issued for cash 
     850,000  
     850  
     849,150  
     -  
     850,000 

    Warrants issued in connection with debt issuances 
     -  
     -  
     114,697  
     -  
     114,697 

    Warrants issued in connection to extinguishment of debt 
     -  
     -  
     964,277  
     -