Company: SUND
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001641172-25-017143
Chunk: 291

Company: Sundance Strategies, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 2
Chunk 291
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 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.

We
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.

28

Our
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.

Item
7A. Quantitative and Qualitative Disclosures About Market Risk

Not
Applicable.

Item
8. Financial Statements and Supplementary Data

SUNDANCE
STRATEGIES, INC. AND SUBSIDIARY

INDEX
TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS

    Page(s)

    Report
    of Independent Registered Public Accounting Firm (PCAOB ID: 3627) 
    F-1

    Consolidated
    Balance Sheets as of March 31, 2025, and 2024
    F-2

    Consolidated
    Statements of Operations for the Years Ended March 31, 2025, and 2024
    F-3

    Consolidated
    Statements of Stockholders’ Deficit for the Years Ended March 31, 2025, and 2024
    F-4

    Consolidated Statements of Cash Flows for the Years Ended March 31, 2025, and 2024
    F-5

    Notes
    to the Consolidated Financial Statements
    F-6

29

REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To
the Shareholders and the Board of Directors of Sundance Strategies, Inc.:

Opinion
on the Financial Statements

We
have audited the accompanying consolidated balance sheets of Sundance Strategies, Inc. and Subsidiary (“the Company”) as
of March 31, 2025 and 2024, the related consolidated statements of operations, stockholders’ deficit, and cash flows for each of
the years in the two-year period ended March 31, 2025 and the related notes (collectively referred to as