Company: SUND
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001641172-25-017143
Chunk: 43

Company: Sundance Strategies, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1
Chunk 43
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 to operate and
meet its obligations in the ordinary course of business. As the Company does not currently generate revenue, it will need to rely on
related party debt financing and/or additional capital raises to meet its financial obligations.

Management
believes that existing capital resources, along with availability under related party debt agreements and convertible debentures, will
be sufficient to fund operations for at least the next 12 months from the issuance date of these financial statements. While related
parties have provided informal assurances of continued support—such as maturity extensions and additional credit capacity—no
binding commitments are currently in place. Based on these factors, management has concluded that there is no substantial doubt about
the Company’s ability to continue as a going concern through June 2026.

Contractual
Obligations and Contingencies

The
following table sets forth payments due by period for fixed contractual obligations by maturity date as of March 31, 2025:

    Maturity Date 

    Total  
    Year Ended March 31, 2026  
    Year Ended March 31, 2027  
    Thereafter 
  
    Debt Obligations (1) 
    $3,590,058  
    $1,126,000  
    $2,464,058  
    $- 
  
    Interest Payable 
    $1,764,575  
    $600,280  
    $1,164,295  
    $- 
  
    Total 
    $5,354,633  
    $1,726,280  
    $3,628,353  
    $- 

    (1)
    Debt Obligations consist of the principal pusuant to the notes payable
from related parties and non-related parties (as mentioned above)

27

Critical
Accounting Policies and Estimates

Estimates,
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America
requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent
assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting
period. Actual results could differ from those estimates.

Stock
Based Compensation and Financing Costs, we measure stock-based compensation expense related to employee stock-based awards and stock
based expense associated with certain financing costs based on the estimated fair value of the awards as determined on the date of grant
and is recognized as