Company: SUND
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001641172-25-017143
Chunk: 135

Company: Sundance Strategies, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1A
Chunk 135
---
,896,866) 
    $(5,939,925)

    Common stock and warrants issued for cash 
     805,000  
     805  
     804,195  
     -  
     805,000 

    Warrants issued in connection to extinguishment of debt 
     -  
     -  
     435,199  
     -  
     435,199 

    Net loss 
     -  
     -  
     -  
     (1,603,382) 
     (1,603,382)

    Balance, March 31, 2025 
     43,063,441  
    $43,064  
    $32,154,076  
    $(38,500,248) 
    $(6,303,108)
  
    Balance 
     43,063,441  
    $43,064  
    $32,154,076  
    $(38,500,248) 
    $(6,303,108)

The
accompanying notes are an integral part of these consolidated financial statements.

F-4

SUNDANCE
STRATEGIES, INC. AND SUBSIDIARY

 Consolidated Statements of Cash Flows

    2025  
    2024 

    Years Ended March 31, 

    2025  
    2024 

    Operating Activities 

    Net Loss 
    $(1,603,382) 
    $(1,834,991)
  
    Adjustments to reconcile net loss to net cash used in operating activities: 

    Loss on extinguishment of debt 
     435,199  
     1,047,729 
  
    Gain on settlement of liabilities 
     -  
     (290,000)
  
    Amortization of debt discount 
     -  
     67,890 
  
    Prepaid expenses and other assets 
     (480) 
     (780)
  
    Accounts payable 
     (977) 
     (15,188)
  
    Accrued expenses 
     253,428  
     358,697 

    Net Cash used in Operating Activities 
     (916,212) 
     (666,643)

    Financing Activities 

    Proceeds from issuance of common stock and