Company: SUND
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001641172-25-017143
Chunk: 132

Company: Sundance Strategies, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1A
Chunk 132
---
 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 
    $178,203  
    $338,935 

    LIABILITIES AND STOCKHOLDERS’ DEFICIT 

    Current Liabilities 

    Accounts payable 
    $446,885  
    $447,862 
  
    Accrued expenses 
     880,073  
     433,201 
  
    Current portion of notes payable 
     300,000  
     300,000 
  
    Current portion of notes payable, related parties 
     826,000  
     50,000 
  
    Current portion of notes payable 
     826,000  
     50,000 

    Stock repurchase payable 
     400,000  
     400,000 
  
    Total Current Liabilities 
     2,852,958  
     1,631,063 

    Long-Term Liabilities 

    Accrued expenses 
     1,164,295  
     1,357,739 
  
    Notes payable, related parties, net of current portion 
     2,464,058  
     3,290,058 

     - 
  
    Total Long-Term Liabilities 
     3,628,353