Company: SUND
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023411
Chunk: 4

Company: Sundance Strategies, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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-  
    $- 

    Non Cash Financing & Investing Activities, and Other Disclosures 

    Warrants issued in connection to extinguishment of debt 
    $388,511  
    $- 

The
accompanying notes are an integral part of these condensed consolidated financial statements.

6

SUNDANCE
STRATEGIES, INC. AND SUBSIDIARY

NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

June
30, 2025

(1)
BASIS OF PRESENTATION, ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis
of Presentation

The
accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting
principles in the United States (“GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”)
regarding interim financial reporting and reflect the financial position, results of operations and cash flows of the Company. Certain
information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or
omitted pursuant to such rules and regulations. As such, these unaudited condensed consolidated financial statements should be read in
conjunction with the audited financial statements and accompanying notes included in the Company’s Annual Report on Form 10-K for
the fiscal year ended March 31, 2025, which was filed with the SEC on June 30, 2025. The results from operations for the three month
period ended June 30, 2025, are not necessarily indicative of the results that may be expected for the fiscal year ended March 31, 2026.
In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial
position, results of operations, stockholders’ equity, and cash flows at June 30, 2025, and for all periods presented herein have
been made.

The
preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported
amounts and the disclosure of contingent amounts in the Company’s financial statements and the accompanying notes. Actual results
could materially differ from those estimates.

Organization
and Nature of Operations

Sundance
Strategies, Inc. (formerly known as Java Express, Inc.) was organized under the laws of the State of Nevada on December 14, 2001, and
engaged in