Company: SUND
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001641172-25-017143
Chunk: 297

Company: Sundance Strategies, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 2
Chunk 297
---
,441  
    $43,064  
    $32,154,076  
    $(38,500,248) 
    $(6,303,108)
  
    Balance 
     43,063,441  
    $43,064  
    $32,154,076  
    $(38,500,248) 
    $(6,303,108)

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

F-4

SUNDANCE
STRATEGIES, INC. AND SUBSIDIARY

 Consolidated Statements of Cash Flows

    2025  
    2024 

    Years Ended March 31, 

    2025  
    2024 

    Operating Activities 

    Net Loss 
    $(1,603,382) 
    $(1,834,991)
  
    Adjustments to reconcile net loss to net cash used in operating activities: 

    Loss on extinguishment of debt 
     435,199  
     1,047,729 
  
    Gain on settlement of liabilities 
     -  
     (290,000)
  
    Amortization of debt discount 
     -  
     67,890 
  
    Prepaid expenses and other assets 
     (480) 
     (780)
  
    Accounts payable 
     (977) 
     (15,188)
  
    Accrued expenses 
     253,428  
     358,697 

    Net Cash used in Operating Activities 
     (916,212) 
     (666,643)

    Financing Activities 

    Proceeds from issuance of common stock and warrants 
     805,000  
     850,000 
  
    Proceeds from issuance of notes payable, related party 
     -  
     180,950 
  
    Repayment of notes payable, related party 
     (50,000) 
     (35,000)

    Net Cash provided by Financing Activities 
     755,000  
     995,950 

    Net Change in Cash and Cash Equivalents 
     (161,212) 
     329,307 
  
    Cash and Cash Equivalents at Beginning of Period 
     329,860  
     553 

    Cash and Cash Equivalents at End of Period