Company: SUND
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001641172-25-017143
Chunk: 129

Company: Sundance Strategies, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1A
Chunk 129
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 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 3 assets and liabilities include financial instruments
whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques as well as instruments for
which the determination of fair value requires significant management judgment or estimation.

The
level in the fair value hierarchy within which a fair value measurement in its entirety falls is based on the lowest level input that
is significant to the fair value measurement in its entirety.

We
did not have any transfers of assets and liabilities between Levels 1, 2 and 3 of the fair value measurement hierarchy during the years
ended March 31, 2025, and 2024.

28

Our
recorded values of cash and cash equivalents, accounts payable and accrued liabilities approximate their fair values based on their short-term
nature. The recorded values of the Notes Payable, Related Parties and Convertible Debenture approximates the fair values as the interest
rate approximates market interest rates.

Item
7A. Quantitative and Qualitative Disclosures About Market Risk

Not
Applicable.

Item
8. Financial Statements and Supplementary Data

SUNDANCE
STRATEGIES, INC. AND SUBSIDIARY

INDEX
TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS

    Page(s)

    Report
    of Independent Registered Public Accounting Firm (PCAOB ID: 3627) 
    F-1

    Consolidated
    Balance Sheets as of March 31, 2025, and 2024
    F-2

    Consolidated
    Statements of Operations for the Years Ended March 31, 2025, and 2024
    F-3

    Consolidated
    Statements of Stockholders’ Deficit for the Years Ended March 31, 2025, and 2024
    F-4

    Consolidated Statements of Cash Flows for the Years Ended March 31, 2025, and 2024