Company: SUND
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023411
Chunk: 56

Company: Sundance Strategies, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 2
Chunk 56
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 had principal balances totaling $826,000 and are due on November 30, 2025. The convertible debenture agreement, which
has no principal balance due as of June 30, 2025, is open through August 31, 2026. As of August 13, 2025, there was $4,265,942 available
under the lines-of-credit we currently have with related parties and $3,000,000 available under the 8% convertible debenture agreement.

Critical
Accounting Policies and Estimates

See
Consolidated Financial Statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year
ended March 31, 2025, which was filed with the SEC on June 30, 2025.

Off-Balance
Sheet Arrangements

We
have no off-balance sheet arrangements.

Item
3. Quantitative and Qualitative Disclosure about Market Risk

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