Company: SUND
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023411
Chunk: 17

Company: Sundance Strategies, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 17
---
 ability
to pay dividends to its shareholders.

13

The
Company has developed an additional business offering working closely with bond placement agents and aggregators to establish various
aspects of a proprietary, investment grade bond offering. In this arrangement, we participate as the sole originator in the role of structuring
and advising on the structure of the proprietary bond instrument. Included in the role of structuring financial assets, we use proprietary
analytics to establish the makeup of the rated instrument, including but not limited to, life settlement assets (life insurance policies)
and managed cash, and implement a process of selective assembly of the underlying assets and cash management that will meet the policy
requirements and analytics. We provide current and ongoing resources for all analytics, as well as advisement support for the investment
and non-investment grade ratings for the managed asset pool and the managed cash accounts. In our advisory role, we are reimbursed for
all expenses associated with the structuring and preparation of any bond offering, will receive an advisory payment upon the closing
of any bond offering, and then will hold residual rights on the balance of assets once the bond is retired.

Results
of Operations

Three-Months
Ended June 30, 2025, Compared with Three-Months Ended June 30, 2024

Interest
Income

Due
to the Company not holding NIBs, no interest income was recorded for the three months ended June 30, 2025, or 2024.

General
& Administrative Expenses

General
and administrative expenses totaled $130,764, and $193,107 during the three months ended June 30, 2025, and 2024, respectively. A significant
portion of these expenses were professional fees and payroll costs.

Other
Income and Expenses

During
the three months ended June 30, 2025, we recognized $388,511, as a loss on extinguishment of debt in conjunction with related party debt.

During
the three months ended June 30, 2025, and 2024, interest expense accrued in the amount of $88,719 and $88,322, respectively.

During
the three months ended June 30, 2025, and 2024, other expenses related to pursuing potential financing alternatives were $0, and $155,000,
respectively. These expenses are related to additional consultant fees in pursuit of bonds.

Income
Taxes

During
the three months ended June 30, 2025,