Company: SUND
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001641172-25-017143
Chunk: 47

Company: Sundance Strategies, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1
Chunk 47
---
 ability to continue as a going concern. Management
has implemented plans to alleviate the substantial doubt. Management plans to address the concerns, as needed, by (a) utilizing recent
financing obtained through notes payable; and (b) utilizing current lines of credit. When considering these factors in conjunction with
the Company’s operating plan, management believes it has sufficient ability to fund operations and satisfy the Company’s
obligations as they come due for at least one year from the financial statement issuance date.

We
determined the Company’s ability to continue as a going concern is a critical audit matter due to the estimation and execution
uncertainty regarding the Company’s available capital and the risk of bias in management’s judgments and assumptions in their
determination.

How
the Critical Audit Matter Was Addressed in the Audit

Our
audit procedures related to the Company’s assertion on its ability to continue as a going concern included the following, among
others:

●We
                                            performed testing procedures such as analytical procedures to identify conditions and events
                                            that indicate there could be substantial doubt about the entity’s ability to continue as
                                            a going concern for a reasonable period of time.

●We
                                            reviewed and evaluated management’s plans for dealing with adverse effect of these conditions
                                            and events that raised doubt about the Company’s ability to continue as a going concern.

●We
                                            tested the reasonableness of management’s assessment of whether the Company has sufficient
                                            liquidity to fund operations for at least one year from the financial statement issuance
                                            date.

●We
                                            assessed whether the Company’s determination that there is substantial doubt about
                                            its ability to continue as a going concern was adequately disclosed.

/s/
Sadler, Gibb & Associates, LLC

We
have served as the Company’s auditor since 2018.

Draper,
UT

June
30, 2025

F-1

SUNDANCE
STRATEGIES, INC. AND SUBSIDIARY

 Consolidated Balance Sheets

    March 31,  
    March 31, 

    2025  
    2024 

    ASSETS 

    Current Assets 

    Cash and cash equivalents 
    $168,648  
    $329,860 
  
    Prepaid expenses and other assets 
     9,555  
     9,075 

    Total Current Assets 
     178,203  
     338,935 

    Total Assets 
    $178,