Company: SUND
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001641172-25-017143
Chunk: 340

Company: Sundance Strategies, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 3
Chunk 340
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 toward providing professional services to specialty finance groups, bond issuers,
and aggregators in the life settlement space. Our role includes advising on portfolio construction and applying proprietary analytics
to help structure bond offerings secured by life insurance assets and managed cash. We aim to assist clients with asset assembly, cash
management, and support for both investment- and non-investment-grade credit ratings. In exchange, we will be reimbursed for structuring
expenses, earn an advisory fee upon closing, and retain residual rights to certain underlying assets post-maturity.

For
the fiscal year ended March 31, 2025, the Company earned no revenue from bond advisory or portfolio consulting services. Management continues
to pursue opportunities, but no definitive engagements were in place as of the date of this report.

Results
of Operations

Fiscal
year ended March 31, 2025 compared to March 31, 2024

General
& Administrative Expenses

General
and administrative expenses totaled $604,167 and $531,406 during the years ended March 31, 2025, and 2024, respectively. A significant
portion of these expenses were professional fees, payroll, and rent. The increase in general and administrative expenses is due to increased
professional fees during 2025.

Other
Income and Expenses

During
the years ended March 31, 2025 and 2024, we recognized losses on extinguishment of debt totaling $435,199 and $1,047,729, respectively,
in connection with related party debt arrangements. The decrease in loss for the year ended March 31, 2025, reflects a lower volume of
debt extensions or modifications that resulted in extinguishment accounting treatment compared to the prior year.

During
the years ended March 31, 2025 and 2024, we recognized gains on the settlement of debt of $0 and $290,000, respectively. The decline
in recognized gains during the year ending March 31, 2025 was due to the absence of any debt settlements or negotiated reductions with
vendors.

For
the years ended March 31, 2025, and 2024, interest expense totaled $349,016 and $410,856 , respectively. The decrease in interest expense
was a result of less amortization of debt discount during 2025.

For
the years ended March 31, 2025, and 2024, expenses incurred pursuing potential financing alternatives totaled $215,000 and $135,000,
respect