Company: SUND
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001641172-25-017143
Chunk: 64

Company: Sundance Strategies, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1
Chunk 64
---
  
     3,579,579  
     4.26  
     1,467,627 
  
     1.05  
     5,049,790  
     5,049,790  
     2.48  
     5,302,280 
  
     2.00  
     50,000  
     50,000  
     1.34  
     100,000 
  
     5.00  
     500,000  
     500,000  
     1.82  
     2,500,000 

     14,496,123  
     14,496,123  
        
    $10,628,746 

The
shares of common stock issuable upon exercise of the warrants are not registered with the Securities and Exchange Commission and the
holders of the warrants do not have registration rights with respect to the warrants or the underlying shares of common stock.

(9)
LIQUIDITY REQUIREMENTS AND GOING CONCERN

Since
the Company’s inception on January 31, 2013, its operations have been primarily financed through sales of equity, debt financing
from related parties and the issuance of notes payable and convertible debentures. As of March 31, 2025, the Company had $168,648 of
cash assets, compared to $329,890 as of March 31, 2024. As of March 31, 2025, the Company had access to draw an additional $4,265,942
on the notes payable, related party (see Note 6) and $3,000,000 on the Convertible Debenture Agreement (see Note 7). For the year ended
March 31, 2025, the Company’s average monthly operating expenses were approximately $50,000, which includes salaries of our employees,
consulting agreements and contract labor, general and administrative expenses and legal and accounting expenses. In addition to the monthly
operating expenses, the Company continues to pursue other debt and equity financing opportunities, and as a result, financing expenses
of $215,000 and $135,000 were incurred during the years ended March 31, 2025, and 2024, respectively. As management continues to explore
additional financing alternatives, beginning April 1, 2025, the Company is expected to spend up