Company: SUND
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006815
Chunk: 45

Company: Sundance Strategies, Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 8
Chunk 45
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 base, resulting in the ability
to pay dividends to its shareholders.

The
Company has developed an additional business offering working closely with bond placement agents and aggregators to establish various
aspects of a proprietary, investment grade bond offering. In this arrangement, we participate as the sole originator in the role of structuring
and advising on the structure of the proprietary bond instrument. Included in the role of structuring financial assets, we use proprietary
analytics to establish the makeup of the rated instrument, including but not limited to, life settlement assets (life insurance policies)
and managed cash, and implement a process of selective assembly of the underlying assets and cash management that will meet the policy
requirements and analytics. We provide current and ongoing resources for all analytics, as well as advisement support for the investment
and non-investment grade ratings for the managed asset pool and the managed cash accounts. In our advisory role, we are reimbursed for
all expenses associated with the structuring and preparation of any bond offering, will receive an advisory payment upon the closing
of any bond offering, and then will hold residual rights on the balance of assets once the bond is retired.

Results
of Operations

Three-Months
Ended December 31, 2024, Compared with Three-Months Ended December 31, 2023

Interest
Income

Due
to the Company not holding NIBs, no interest income was recorded for the three months ended December 31, 2024, or 2023.

General
& Administrative Expenses

General
and administrative expenses totaled $143,513, and $147,842 during the three months ended December 31, 2024, and 2023, respectively. A
significant portion of these expenses were professional fees and payroll costs.

14

Other
Income and Expenses

During
the three months ended December 31, 2024, and 2023, interest expense accrued in the amount of $87,480 and $110,221, respectively. The
decrease in interest expense was a result of no amortized debt discounts recognized during the three months ended December 31, 2024,
and reduction in principal balance.

During
the three months ended December 31, 2024, and 2023, other expenses related to pursuing potential financing alternatives were $30,000,
and $105,000, respectively. These expenses are related to additional consultant fees in pursuit of bonds.

Income
Taxes

During
the three months ended December