Company: SUND
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022380
Chunk: 44

Company: Sundance Strategies, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 44
---
 convertible debentures. As of September 30, 2025, we had $484 of cash, compared to $168,648
as of March 31, 2025. As of September 30, 2025, the Company had access to draw an additional $275,000 on notes payable; $4,265,942 on
the notes payable, related party and $3,000,000 on the Convertible Debenture Agreement. Our monthly expenses are anticipated to be approximately
$40,000, which includes salaries of our employee, policy servicing expenses, consulting agreements and contract labor, general and administrative
expenses, estimated legal and accounting expenses. Outstanding Accounts Payable as of September 30, 2025, totaled $458,352, and other
accrued liabilities totaled $2,257,850. We believe that our availability under our existing lines of credit with related parties, our
existing capital resources, together with the issuance of additional notes payable and convertible debentures will be sufficient to fund
our operating working capital requirements for at least the next 12 months, or through November 2026.

Debt

At
September 30, 2025, we owed $5,559,182, including accrued interest, for debt obligations. We owed $3,290,058 in principal pursuant to
notes payable and lines-of-credits from related parties, $325,000 in other notes payable, and had fully paid off the principal owing
on the 8% Convertible Debenture. As of September 30, 2025, a line-of-credit to a third party had a balance of $1,159,508 due on November
30, 2026, or when the Company completes a successful equity raise, at which time principal and interest is due in full. A line-of-credit
to a second third party had a principal balance of $1,304,550 and is currently extended due on November 30, 2026. As of September 30,
2025, unsecured promissory notes had principal balances totaling $826,000 and are due on November 30, 2025. The convertible debenture
agreement, which has no principal balance due as of September 30, 2025, is open through August 31, 2026. As of November 13, 2025, there
was $155,000 available under promissory notes, $4,265