Company: SUND
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001641172-25-017143
Chunk: 11

Company: Sundance Strategies, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1
Chunk 11
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 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.

At
present, we are a minor participant in both the life settlement market and in the bond advisory industry. We face significant competition
from much larger competitors. We will need substantial additional funds to effectively compete in these industries, and no assurance
can be given that we will be able to adequately fund our current and intended operations. We expect to finance our operating working
capital requirements, with proceeds from planned public and/or private offerings of our securities and debt financing. There can be no
assurance that we will be successful in raising debt or equity capital or that we will be successful in raising additional capital in
the future on terms acceptable to us, or at all. If we are not able to obtain sufficient funding to execute our business strategies,
we may be required to scale back or discontinue our operations, which would materially adversely affect our financial condition and results
of operations.

We
may default on our obligations under various debt arrangements, which may accelerate our repayment obligations or otherwise limit our
access to future financing.

If
we fail to make timely repayments of amounts received under notes payable and lines-of-credit with related parties or the 8% convertible
debenture agreement we will be in default of such obligations,