Company: SUND
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001641172-25-017143
Chunk: 95

Company: Sundance Strategies, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1A
Chunk 95
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 capital and pursue business opportunities. In addition, future equity investors may require that we convert all
or a portion of our debt to equity, and our debtholders may not agree to such terms. If we raise additional funds through further issuances
of equity or convertible debt securities, and/or if we convert all or a portion of our existing debt to equity, our existing stockholders
could suffer significant dilution in their percentage ownership of our company, and any new equity securities we issue could have rights,
preferences and privileges senior to those of holders of our common stock. If we are unable to obtain adequate financing or financing
on terms satisfactory to us when we require it, we may significantly scale back our operations or we may become insolvent. If this were
to occur, our ability to continue to grow and support our business and to respond to business challenges could be significantly limited.

There
may be substantial doubt about our ability to continue as a going concern, and we will need additional financing to execute our business
plan, to fund our operations and to continue as a going concern.

Since
inception, we have experienced recurring operating losses and negative cash flows and we expect to continue to generate operating losses
and consume significant cash resources for the foreseeable future. There may be substantial doubt regarding our ability to continue as
a going concern. We have prepared our financial statements on a going concern basis, which contemplates the realization of assets and
the satisfaction of liabilities and commitments in the normal course of business. Our financial statements for the fiscal year ended
March 31, 2025 do not include any adjustment to reflect the possible future effects on the recoverability and classification of assets
or the amounts and classification of liabilities that may result from the outcome of this uncertainty, with the exception that all borrowings
are classified as current on the balance sheets.

Our
inability to access capital may limit our ability to adequately fund our operations and continue as a going concern. Management plans
to address these conditions through (i) continued pursuit of private placements and debt financing, (ii) cost management initiatives
to reduce G&A expenses, and (iii) negotiating extensions on related-party credit lines. The Company believes these actions will provide
sufficient liquidity to meet operational needs for the next 12 months, although uncertainty remains. Absent additional financing, we
will not have the resources to execute our business plan and continue as a going concern beyond 12 months.

9

Inadequate
funding will impede execution of our business model