Company: SUND
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001641172-25-017143
Chunk: 408

Company: Sundance Strategies, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 4
Chunk 408
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 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 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.

The
Company 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.

The
Company’s 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.

(3)
NEW ACCOUNTING PRONOUNCEMENTS

The
Company has reviewed all other recently issued, but not yet adopted, accounting standards, in order to determine their effects, if any,
on its results of operations, financial position or cash flows. Based on that review, the Company believes that none of these pronouncements
will have a significant effect on its financial statements.

    F-7

(4)
CASH AND CASH EQUIVALENTS

Cash
and cash equivalents consist principally of currency on hand and demand deposits at commercial banks. The Company had $168,648 and $329,860
in cash and cash equivalents as of March 31, 2025, and 2024, respectively. The Company maintains non-interest-bearing accounts at two
financial institutions. The