Company: SUND
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022380
Chunk: 66

Company: Sundance Strategies, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 3
Chunk 66
---
Not
Applicable.

Item
4. Controls and Procedures

Limitation
on the Effectiveness of Controls

The
Company maintains disclosure controls and procedures that are designed to provide reasonable assurance that information, which is required
to be disclosed timely, is accumulated and communicated to management in a timely fashion. In designing and evaluating such controls
and procedures, we recognize that any controls and procedures, no matter how well designed and operated, can provide only reasonable
assurance of achieving the desired control objectives. Our management is necessarily required to use judgment in evaluating controls
and procedures.

Evaluation
of Controls and Procedures

Our
management, with the participation of our principal executive and principal financial officer, evaluated the effectiveness of our disclosure
controls and procedures as of the end of the period covered by this Quarterly Report. Disclosure controls and procedures include, without
limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it
files or submits under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the Commission’s
rules and forms, and that such information is accumulated and communicated to the issuer’s management, including its Principal
Executive Officer and Principal Financial Officer, or persons performing similar functions, as appropriate to allow timely decisions
regarding required disclosure. Based on that evaluation, our principal executive and principal financial officer has concluded that our
disclosure controls and procedures as of the end of the period covered by the Quarterly Report were not effective due to the lack of
design and operating effectiveness of our control environment and risk assessment, control activities and monitoring activities relating
to complex accounting matters relating to the valuation of equity-based compensation instruments as disclosed in Item 9A of our Form
10-K filed on June 29, 2022.

Our
principal executive and principal financial officer is in the process of performing a review of our processes and controls over complex
accounting matters relating to the valuation of equity-based compensation instruments.

Changes
in Internal Control

There
were no changes in our internal control over financial reporting that occurred during the first quarter of 2025 that have materially
affected, or are reasonably likely to materially affect, our internal control over financial reporting. 

16

PART
II - OTHER INFORMATION

Item
1. Legal Proceedings

To
the best of our knowledge, there are no legal proceedings pending or threatened against us; and there are no actions pending or threatened
against any of our directors or officers that are adverse to us.

Item
1