Company: SUND
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001641172-25-017143
Chunk: 136

Company: Sundance Strategies, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1A
Chunk 136
---
 warrants 
     805,000  
     850,000 
  
    Proceeds from issuance of notes payable, related party 
     -  
     180,950 
  
    Repayment of notes payable, related party 
     (50,000) 
     (35,000)

    Net Cash provided by Financing Activities 
     755,000  
     995,950 

    Net Change in Cash and Cash Equivalents 
     (161,212) 
     329,307 
  
    Cash and Cash Equivalents at Beginning of Period 
     329,860  
     553 

    Cash and Cash Equivalents at End of Period 
    $168,648  
    $329,860 

    Supplemental disclosure of cash flow information: 

    Cash paid for interest 
    $150,000  
    $- 
  
    Cash paid for income taxes 
    $-  
    $- 

    Non Cash Financing & Investing Activities, and Other Disclosures 

    Issued warrants as debt issuance costs 
    $-  
    $114,697 

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

F-5

SUNDANCE
STRATEGIES, INC. AND SUBSIDIARY

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

March
31, 2025, and 2024

(1)
ORGANIZATION 

Sundance
Strategies, Inc. (formerly known as Java Express, Inc.) was organized under the laws of the State of Nevada on December 14, 2001, and
engaged in the retail selling of beverage products to the general public until these endeavors ceased in 2006; it had no material business
operations from 2006, until its acquisition of ANEW LIFE, INC. (“ANEW LIFE”), a subsidiary of Sundance Strategies, Inc. (“Sundance
Strategies”, “the Company”, “we” or “our”).

Our
historical business model has focused on purchasing or acquiring life insurance policies and residual interests in or financial products
tied to life insurance policies, including notes, drafts, acceptances, open accounts receivable and other obligations representing part
or all of the sales price of insurance, life settlements and related insurance contracts being traded in the secondary marketplace, often
referred to as the “life settlements market.”