Company: SUND
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023411
Chunk: 31

Company: Sundance Strategies, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 31
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 2025, the Company’s average monthly operating expenses were approximately $45,000, which includes salaries of the Company’s
employee, consulting agreements and contract labor, general and administrative expenses, and legal and accounting expenses. In addition
to the monthly operating expenses, in the Company’s pursuit of other debt and equity financing opportunities, $0 and $155,000 were
incurred during the three months ended June 30, 2025, and 2024, respectively. As management continues to explore additional financing
alternatives, beginning July 1, 2025, the Company is expected to spend up to an additional $300,000 on these efforts. Outstanding Accounts
Payable as of June 30, 2025, totaled $448,988. Management has concluded that its existing capital resources and availability under its
existing debt agreements with related parties will be sufficient to fund its operating working capital requirements for at least the
next 12 months from the issuance of these financial statements, or through August 2026. Related parties have given assurance that their
continued support, by way of either extensions of due dates, or increases in lines-of-credit, can be relied on. As mentioned above, the
Company also continues to evaluate other debt and equity financing opportunities.

The
accompanying financial statements have been prepared on a going concern basis under which the Company is expected to be able to realize
its assets and satisfy its liabilities in the normal course of business.

    8

(3)
FAIR VALUE MEASUREMENTS

As
defined by ASC Topic 820, “Fair Value Measurements and Disclosures” (“ASC 820”), fair value is the price that
would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement
date. ASC 820 also requires the consideration of differing levels of inputs in the determination of fair values.

Those
levels of input are summarized as follows:

    ●
    Level
    1: Quoted prices in active markets for identical assets and liabilities.

    ●
    Level
    2: Observable inputs other than Level 1 quoted prices, such as quoted prices for similar instruments in active markets, quoted prices
    for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant
    assumptions are observable in the market.

    ●
    Level
    3: Unobservable inputs that are supported by little or no market activity. Level