Sundance Strategies (SUND) 10-Q 14 Feb 24 2024 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Dec. 31, 2023	Feb. 14, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Dec. 31, 2023
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--03-31
Entity File Number	000-50547
Entity Registrant Name	SUNDANCE STRATEGIES, INC.
Entity Central Index Key	0001171838
Entity Tax Identification Number	88-0515333
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	4626 North 300 West
Entity Address, Address Line Two	Suite No. 365
Entity Address, City or Town	Provo
Entity Address, State or Province	UT
Entity Address, Postal Zip Code	84604
City Area Code	(801)
Local Phone Number	717-3935
Title of 12(b) Security	Common Stock, $0.001 par value
Trading Symbol	SUND
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	true
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		42,258,441

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Dec. 31, 2023	Mar. 31, 2023
Current Assets
Cash and cash equivalents	$ 556,240	$ 553
Prepaid expenses and other assets	12,630	8,295
Total Current Assets	568,870	8,848
Current Liabilities
Accounts payable	463,066	753,050
Accrued expenses	451,159	574,558
Stock repurchase payable	400,000	400,000
Total Current Liabilities	1,664,225	2,903,608
Long-Term Liabilities
Accrued expenses	1,277,615	857,685
Total Long-Term Liabilities	4,477,175	3,139,148
Total Liabilities	6,141,400	6,042,756
Stockholders’ Deficit
Preferred stock, authorized 10,000,000 shares, par value $0.001; -0- shares issued and outstanding
Common stock, authorized 500,000,000 shares, par value $0.001; 42,258,441 shares issued and outstanding as of December 31, 2023; and 41,408,441 shares issued and oustanding as of March 31, 2023	42,259	41,409
Additional paid-in capital	30,349,325	28,986,558
Accumulated deficit	(35,964,114)	(35,061,875)
Total Stockholders’ Deficit	(5,572,530)	(6,033,908)
Total Liabilities and Stockholders’ Deficit	568,870	8,848
Nonrelated Party [Member]
Current Liabilities
Current portion of notes payable	300,000	300,000
Related Party [Member]
Current Liabilities
Current portion of notes payable	50,000	876,000
Long-Term Liabilities
Notes payable, related parties, net of current portion, net of debt discount	$ 3,199,560	$ 2,281,463

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2023	Mar. 31, 2023
Statement of Financial Position [Abstract]
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, shares authorized	500,000,000	500,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares issued	42,258,441	41,408,441
Common stock, shares outstanding	42,258,441	41,408,441

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Income Statement [Abstract]
Income from Investments
General and Administrative Expenses	147,842	149,158	371,839	524,649
Loss from Operations	(147,842)	(149,158)	(371,839)	(524,649)
Other Income (Expense)
Loss on extinguishment of debt		(377,936)	(398,920)	(377,936)
Gain on settlement of liabilities			290,000
Interest expense	(110,221)	(131,257)	(316,480)	(281,303)
Financing expense	(105,000)	(13,500)	(105,000)	(40,500)
Total Other Income (Expense)	(215,221)	(522,693)	(530,400)	(699,739)
Loss Before Income Taxes	(363,063)	(671,851)	(902,239)	(1,224,388)
Income Tax Provision (Benefit)
Net Loss	$ (363,063)	$ (671,851)	$ (902,239)	$ (1,224,388)
Loss per share - basic	$ (0.01)	$ (0.02)	$ (0.02)	$ (0.03)
Loss per share - diluted	$ (0.01)	$ (0.02)	$ (0.02)	$ (0.03)
Weighted average shares outstanding - basic	42,237,245	41,408,441	41,693,714	41,408,441
Weighted average shares outstanding - diluted	42,237,245	41,408,441	41,693,714	41,408,441

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Stockholders' Deficit (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Mar. 31, 2022	$ 41,409	$ 27,181,618	$ (32,249,894)	$ (5,026,867)
Beginning balance, shares at Mar. 31, 2022	41,408,441
Net loss			(301,596)	(301,596)
Ending balance, value at Jun. 30, 2022	$ 41,409	27,181,618	(32,551,490)	(5,328,463)
Ending balance, shares at Jun. 30, 2022	41,408,441
Beginning balance, value at Mar. 31, 2022	$ 41,409	27,181,618	(32,249,894)	(5,026,867)
Beginning balance, shares at Mar. 31, 2022	41,408,441
Net loss				(1,224,388)
Ending balance, value at Dec. 31, 2022	$ 41,409	27,771,476	(33,474,282)	(5,661,397)
Ending balance, shares at Dec. 31, 2022	41,408,441
Beginning balance, value at Jun. 30, 2022	$ 41,409	27,181,618	(32,551,490)	(5,328,463)
Beginning balance, shares at Jun. 30, 2022	41,408,441
Net loss			(250,941)	(250,941)
Ending balance, value at Sep. 30, 2022	$ 41,409	27,181,618	(32,802,431)	(5,579,404)
Ending balance, shares at Sep. 30, 2022	41,408,441
Net loss			(671,851)	(671,851)
Warrants issued in connection with debt issuances		211,922		211,922
Warrants issued in connection to extinguishment of debt		377,936		377,936
Ending balance, value at Dec. 31, 2022	$ 41,409	27,771,476	(33,474,282)	(5,661,397)
Ending balance, shares at Dec. 31, 2022	41,408,441
Beginning balance, value at Mar. 31, 2023	$ 41,409	28,986,558	(35,061,875)	(6,033,908)
Beginning balance, shares at Mar. 31, 2023	41,408,441
Net loss			(338,192)	(338,192)
Warrants issued in connection with debt issuances		73,712		73,712
Warrants issued in connection to extinguishment of debt		398,920		398,920
Ending balance, value at Jun. 30, 2023	$ 41,409	29,459,190	(35,400,067)	(5,899,468)
Ending balance, shares at Jun. 30, 2023	41,408,441
Beginning balance, value at Mar. 31, 2023	$ 41,409	28,986,558	(35,061,875)	(6,033,908)
Beginning balance, shares at Mar. 31, 2023	41,408,441
Net loss				(902,239)
Ending balance, value at Dec. 31, 2023	$ 42,259	30,349,325	(35,964,114)	(5,572,530)
Ending balance, shares at Dec. 31, 2023	42,258,441
Beginning balance, value at Jun. 30, 2023	$ 41,409	29,459,190	(35,400,067)	(5,899,468)
Beginning balance, shares at Jun. 30, 2023	41,408,441
Net loss			(200,984)	(200,984)
Warrants issued in connection with debt issuances		40,985		40,985
Common stock and warrants issued for cash	$ 200	199,800		200,000
Common stock and warrants issued for cash shares	200,000
Ending balance, value at Sep. 30, 2023	$ 41,609	29,699,975	(35,601,051)	(5,859,467)
Ending balance, shares at Sep. 30, 2023	41,608,441
Net loss			(363,063)	(363,063)
Common stock and warrants issued for cash	$ 650	649,350		650,000
Common stock and warrants issued for cash shares	650,000
Ending balance, value at Dec. 31, 2023	$ 42,259	$ 30,349,325	$ (35,964,114)	$ (5,572,530)
Ending balance, shares at Dec. 31, 2023	42,258,441

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Operating Activities
Net Loss	$ (363,063)	$ (671,851)	$ (902,239)	$ (1,224,388)
Adjustments to reconcile net loss to net cash used in operating activities:
Loss on extinguishment of debt		377,936	398,920	377,936
Gain on settlement of liabilities			(290,000)
Amortization of debt discount			60,844	52,980
Changes in operating assets and liabilities
Prepaid expenses and other assets			(4,335)	(3,683)
Accounts payable			16	117,825
Accrued expenses			296,531	302,522
Net Cash used in Operating Activities			(440,263)	(376,808)
Financing Activities
Proceeds from issuance of common stock and warrants – net of issuance costs			850,000
Proceeds from issuance of notes payable, related party			180,950	112,000
Repayment of notes payable, related party			(35,000)
Net Cash provided by Financing Activities			995,950	112,000
Net Change in Cash and Cash Equivalents			555,687	(264,808)
Cash and Cash Equivalents at Beginning of Period			553	267,966
Cash and Cash Equivalents at End of Period	$ 556,240	$ 3,158	556,240	3,158
Supplemental disclosure of cash flow information:
Cash paid for interest
Cash paid for income taxes
Non Cash Financing & Investing Activities, and Other Disclosures
Issued warrants as debt issuance costs			$ 114,697	$ 211,922

BASIS OF PRESENTATION, ORGANIZA

BASIS OF PRESENTATION, ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
BASIS OF PRESENTATION, ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	(1) BASIS OF PRESENTATION, ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting and reflect the financial position, results of operations and cash flows of the Company. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. As such, these unaudited condensed consolidated financial statements should be read in conjunction with the audited financial statements and accompanying notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2023, which was filed with the SEC on June 29, 2023. The results from operations for the three- and nine-month period ended December 31, 2023, are not necessarily indicative of the results that may be expected for the fiscal year ended March 31, 2024. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, stockholders’ equity, and cash flows at December 31, 2023 and for all periods presented herein have been made. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts and the disclosure of contingent amounts in the Company’s financial statements and the accompanying notes. Actual results could materially differ from those estimates. Organization and Nature of Operations 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.” During the latter part of the fiscal year ended March 31, 2021, the Company began developing an additional business offering, providing professional services to specialty structured finance groups, bond issuers and life settlement aggregators. The Company has now assembled an experienced team from the life settlement marketplace, as well as from other areas such as financial services and public financial markets. As a professional services provider, the Company applies industry best practices to advise on the selection of specific portfolios of life insurance policies that are tailored to meet the needs of its clients. The Company’s clients may include bond issuers, bond investors, or other structured finance product issuers. The Company develops strategies and methodologies which include the acquisition of life insurance portfolios, then uses common structured finance techniques and proprietary analytics to structure bonds for issuances, including principal protected bonds. The Company’s goal is to deliver long-term value and profitability to shareholders by growing the Company’s professional services business and asset base, resulting in the ability to pay dividends to its shareholders. During the latter part of the year ended March 31, 2021, the Company began working closely with bond placement agents and aggregators to establish various aspects of a proprietary, investment grade bond offering. In this arrangement, the Company participates 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, the Company uses 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 implements a process of selective assembly of the underlying assets and cash management that will meet the policy requirements and analytics. The Company provides 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 its advisory role, the Company is 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. On January 1, 2022, the Company entered into a marketing and consulting agreement with Tradability, LLC (“Consultant”) that requires an initial $ 100,000 400,000 400,000 1,000,000 10,000,000 1.00 2.50 500 100 500 Significant Accounting Policies There have been no changes to the significant accounting policies of the Company from the information provided in Note 2 of the Notes to Consolidated Financial Statements in the Company’s most recent Form 10-K, except as discussed below. Basic and Diluted Net Income (Loss) Per Common Share Basic net loss per common share is computed by dividing net loss by the weighted average number of common shares outstanding during the periods presented using the treasury stock method. Diluted net loss per common share is computed by including common shares that may be issued subject to existing rights with dilutive potential, when applicable. Potential dilutive common stock equivalents are primarily comprised of potential dilutive shares resulting from convertible debt agreements and common stock warrants. Potentially dilutive shares resulting from convertible debt agreements are evaluated using the if-converted method. Potentially dilutive securities are not included in the calculation of diluted net loss per share for the three and nine months ended December 31, 2023, or 2022, because to do so would be anti-dilutive. Potentially dilutive securities outstanding as of December 31, 2023, and 2022, are comprised of warrants convertible into 12,008,544 7,250,241 New Accounting Pronouncements Not Yet Adopted The Company has reviewed all recently issued, but not yet adopted, accounting standards, in order to determine their effects, if any, on its results of operations, financial position or cash flows. Based on that review, the Company believes that none of these pronouncements will have a significant effect on its financial statements.

LIQUIDITY REQUIREMENTS

LIQUIDITY REQUIREMENTS	9 Months Ended
	Dec. 31, 2023
Liquidity Requirements
LIQUIDITY REQUIREMENTS	(2) LIQUIDITY REQUIREMENTS 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 December 31, 2023, the Company had $ 556,240 553 4,265,942 3,000,000 49,000 105,000 40,500 300,000 463,066 The accompanying financial statements have been prepared on a going concern basis under which the Company is expected to be able to realize its assets and satisfy its liabilities in the normal course of business.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Dec. 31, 2023
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	(3) FAIR VALUE MEASUREMENTS As defined by ASC Topic 820, “Fair Value Measurements and Disclosures” (“ASC 820”), fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC 820 also requires the consideration of differing levels of inputs in the determination of fair values. Those levels of input are summarized as follows: ● Level 1: Quoted prices in active markets for identical assets and liabilities. ● Level 2: Observable inputs other than Level 1 quoted prices, such as quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market. ● Level 3: Unobservable inputs that are supported by little or no market activity. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques as well as instruments for which the determination of fair value requires significant management judgment or estimation. The level in the fair value hierarchy within which a fair value measurement in its entirety falls is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company did not have any transfers of assets and liabilities between Levels 1, 2 and 3 of the fair value measurement hierarchy during the nine months ended December 31, 2023, and 2022. The Company issues warrants from time to time (see Note 4), which fair value is calculated using Level 3 inputs. Other Financial Instruments The Company’s recorded values of cash and cash equivalents, prepaid expenses and other assets, accounts payable and accrued liabilities approximate their fair values based on their short-term nature. The recorded values of the notes payable and convertible debenture approximate the fair values as the interest rate approximates market interest rates.

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	9 Months Ended
	Dec. 31, 2023
Equity [Abstract]
STOCKHOLDERS’ EQUITY	(4) STOCKHOLDERS’ EQUITY Common Stock Effective December 6, 2018, three existing stockholders have contributed to the Company a portion of their common shares held at a repurchase price to the Company of $ 0.05 8,000,000 6,000,000 400,000 300,000 400,000 On August 15, 2023, the Company issued a private placement memorandum offering to raise up to $ 1,500,000 0.001 200,000 400,000 400,000 650,000 1,300,000 650,000 Warrants to Purchase Common Stock The Company’s related party lenders consist of: Kraig Higginson, the Chairman of the Board of Directors and a stockholder, Radiant Life, LLC, and Mr. Dickman, a board member and stockholder. These holders of the related party unsecured promissory notes hold agreements that provide each related party with common stock warrants upon the lender’s extension of a maturity due date or upon the loaning of additional monies. The number of warrants issued for an extension is based on the following formula: 10,000 warrants per month the due date is extended plus 1 warrant for every $2 of the principal balance outstanding (not including interest) at the time of the extension (rounded to the nearest whole warrant). 5 During the nine months ended December 31, 2023, the Company issued 281,900 1.05 258,354 1.049 3.36 4.19 86.04 89.11 0 During the nine months ended December 31, 2023, the Company issued 80,000 1.05 58,402 1.049 4.04 4.29 85.03 86.44 0 On June 5, 2023, the Company issued 543,000 1.05 523,451 1.049 3.82 89.07 0 Between September 20, 2023 and October 4, 2023, the Company issued 1,700,000 850,000 0.35 SCHEDULE OF WARRANT OUTSTANDING Number of Warrants Outstanding at March 31, 2023 9,403,644 Granted in conjunction with monies borrowed 361,900 Granted in conjunction with extension 543,000 Granted to investors for cash 1,700,000 Outstanding at December 31, 2023 12,008,544 Exercisable at December 31, 2023 12,008,544 The following table summarizes the warrants issued and outstanding as of December 31, 2023: SCHEDULE OF WARRANTS ISSUED AND OUTSTANDING Exercise Price ($) Warrants Outstanding Warrants Exercisable Weighted Average Remaining Contractual Life (Years) Proceeds to Company if Exercised 0.05 3,708,754 3,708,754 1.45 $ 185,439 0.35 1,700,000 1,700,000 4.75 595,000 1.00 1,000,000 1,000,000 0.27 1,000,000 1.05 5,049,790 5,049,790 3.73 5,302,280 2.00 50,000 50,000 2.59 100,000 5.00 500,000 500,000 3.07 2,500,000 12,008,544 12,008,544 $ 9,682,719 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.

NOTES PAYABLE

NOTES PAYABLE	9 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
NOTES PAYABLE	(5) NOTES PAYABLE On April 6, 2021, the Company borrowed $ 300,000 8 1,000,000 1.00 3 years 8 65,688

NOTES PAYABLE, RELATED PARTY

NOTES PAYABLE, RELATED PARTY	9 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
NOTES PAYABLE, RELATED PARTY	(6) NOTES PAYABLE, RELATED PARTY As of December 31, 2023, and March 31, 2023, the Company had borrowed $ 3,340,058 3,194,108 10,702 364,908 1,277,613 857,684 Related Party Promissory Notes As of both December 31, 2023, and March 31, 2023 , the Company owed $ 826,000 8 543,000 563,000 , the Company neither borrowed any additional funds under this agreement nor made any principal repayments. As of , accrued interest on the notes totaled $ 380,027 . In the event the Company completes a successful equity raise all principal and interest on the notes are due in full at that time. The total number of warrants issued to the related party lender was 2,633,332 On July 29, 2021, the Company entered into an unsecured promissory note agreement with Radiant Life, LLC. This agreement was in conjunction with the Company borrowing $ 50,000 of Notes Payable, Related Party, and is not part of the existing note payable and lines of credit agreement the Company has with Radiant Life, LLC. The promissory note bears interest at a rate of 8 % annually and was amended on June 12, 2023, to be due on July 29, 2024 10,702 . Related Party Note Payable and Line of Credit Agreements As of December 31, 2023, and March 31, 2023, the 1,304,550 1,198,600 December 31, 2023 4,600,000 December 31, 2023, 140,950 35,000 7.5 December 31, 2023 378,967 140,950 281,900 1.05 5 Subsequent to quarter end, as per the provision outlined in Note 4, the Chairman of the Board of Directors agreed to extend the note payable and line of credit to November 30, 2025. The Company agreed to provide the Chairman of the Board of Directors with warrants to purchase 772,275 37,226 53,731 3,645,950 As of December 31, 2023, and March 31, 2023, the Company owed $ 1,159,508 1,119,508 2,130,000 7.5 40,000 no 518,619 40,000 80,000 1.05 5 Subsequent to quarter end, as per the provision outlined in Note 4, the Radiant Life, LLC agreed to extend the note payable and lines of credit to November 30, 2025. The Company agreed to provide Radiant Life, LLC with warrants to purchase 699,754 23,618 36,767 2,529,262 December 31, 2023 As of December 31, 2023, the unamortized debt discount on related party notes payable is $ 90,498

CONVERTIBLE DEBENTURE AGREEMENT

CONVERTIBLE DEBENTURE AGREEMENT	9 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
CONVERTIBLE DEBENTURE AGREEMENT	(7) CONVERTIBLE DEBENTURE AGREEMENT The Company has entered into an 8 3,000,000 Per the agreement, the number of shares issuable at conversion shall be determined by the quotient obtained by dividing the outstanding principal and accrued and unpaid interest by 90% of the 90-day average closing price of the Company’s common stock from the date the notice of conversion is received; and the price at which the Debenture may be converted will be no lower than $ 1.00 June 2, 2016 November 30, 2024 0 124,225

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Dec. 31, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	(8) SUBSEQUENT EVENTS Subsequent to quarter end, the Company negotiated with the Chairman of the Board of Directors, Radiant Life, LLC, and Mr. Dickman to extend the due date of the notes payable, lines of credit, and an unsecured promissory note to November 30, 2025 . In conjunction with these note extensions, the Company issued 772,275 , 699,754 , and 563,000 warrants to the Chairman of the Board of Directors, Radiant Life, LLC, and Mr. Dickman, respectively (see Note 4). The exercise price of these warrants was $ 0.41 .

BASIS OF PRESENTATION, ORGANI_2

BASIS OF PRESENTATION, ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting and reflect the financial position, results of operations and cash flows of the Company. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. As such, these unaudited condensed consolidated financial statements should be read in conjunction with the audited financial statements and accompanying notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2023, which was filed with the SEC on June 29, 2023. The results from operations for the three- and nine-month period ended December 31, 2023, are not necessarily indicative of the results that may be expected for the fiscal year ended March 31, 2024. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, stockholders’ equity, and cash flows at December 31, 2023 and for all periods presented herein have been made. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts and the disclosure of contingent amounts in the Company’s financial statements and the accompanying notes. Actual results could materially differ from those estimates.
Organization and Nature of Operations	Organization and Nature of Operations 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.” During the latter part of the fiscal year ended March 31, 2021, the Company began developing an additional business offering, providing professional services to specialty structured finance groups, bond issuers and life settlement aggregators. The Company has now assembled an experienced team from the life settlement marketplace, as well as from other areas such as financial services and public financial markets. As a professional services provider, the Company applies industry best practices to advise on the selection of specific portfolios of life insurance policies that are tailored to meet the needs of its clients. The Company’s clients may include bond issuers, bond investors, or other structured finance product issuers. The Company develops strategies and methodologies which include the acquisition of life insurance portfolios, then uses common structured finance techniques and proprietary analytics to structure bonds for issuances, including principal protected bonds. The Company’s goal is to deliver long-term value and profitability to shareholders by growing the Company’s professional services business and asset base, resulting in the ability to pay dividends to its shareholders. During the latter part of the year ended March 31, 2021, the Company began working closely with bond placement agents and aggregators to establish various aspects of a proprietary, investment grade bond offering. In this arrangement, the Company participates 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, the Company uses 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 implements a process of selective assembly of the underlying assets and cash management that will meet the policy requirements and analytics. The Company provides 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 its advisory role, the Company is 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. On January 1, 2022, the Company entered into a marketing and consulting agreement with Tradability, LLC (“Consultant”) that requires an initial $ 100,000 400,000 400,000 1,000,000 10,000,000 1.00 2.50 500 100 500
Significant Accounting Policies	Significant Accounting Policies There have been no changes to the significant accounting policies of the Company from the information provided in Note 2 of the Notes to Consolidated Financial Statements in the Company’s most recent Form 10-K, except as discussed below.
Basic and Diluted Net Income (Loss) Per Common Share	Basic and Diluted Net Income (Loss) Per Common Share Basic net loss per common share is computed by dividing net loss by the weighted average number of common shares outstanding during the periods presented using the treasury stock method. Diluted net loss per common share is computed by including common shares that may be issued subject to existing rights with dilutive potential, when applicable. Potential dilutive common stock equivalents are primarily comprised of potential dilutive shares resulting from convertible debt agreements and common stock warrants. Potentially dilutive shares resulting from convertible debt agreements are evaluated using the if-converted method. Potentially dilutive securities are not included in the calculation of diluted net loss per share for the three and nine months ended December 31, 2023, or 2022, because to do so would be anti-dilutive. Potentially dilutive securities outstanding as of December 31, 2023, and 2022, are comprised of warrants convertible into 12,008,544 7,250,241
New Accounting Pronouncements	New Accounting Pronouncements Not Yet Adopted The Company has reviewed all recently issued, but not yet adopted, accounting standards, in order to determine their effects, if any, on its results of operations, financial position or cash flows. Based on that review, the Company believes that none of these pronouncements will have a significant effect on its financial statements.

STOCKHOLDERS_ EQUITY (Tables)

STOCKHOLDERS’ EQUITY (Tables)	9 Months Ended
	Dec. 31, 2023
Equity [Abstract]
SCHEDULE OF WARRANT OUTSTANDING	SCHEDULE OF WARRANT OUTSTANDING Number of Warrants Outstanding at March 31, 2023 9,403,644 Granted in conjunction with monies borrowed 361,900 Granted in conjunction with extension 543,000 Granted to investors for cash 1,700,000 Outstanding at December 31, 2023 12,008,544 Exercisable at December 31, 2023 12,008,544
SCHEDULE OF WARRANTS ISSUED AND OUTSTANDING	The following table summarizes the warrants issued and outstanding as of December 31, 2023: SCHEDULE OF WARRANTS ISSUED AND OUTSTANDING Exercise Price ($) Warrants Outstanding Warrants Exercisable Weighted Average Remaining Contractual Life (Years) Proceeds to Company if Exercised 0.05 3,708,754 3,708,754 1.45 $ 185,439 0.35 1,700,000 1,700,000 4.75 595,000 1.00 1,000,000 1,000,000 0.27 1,000,000 1.05 5,049,790 5,049,790 3.73 5,302,280 2.00 50,000 50,000 2.59 100,000 5.00 500,000 500,000 3.07 2,500,000 12,008,544 12,008,544 $ 9,682,719

BASIS OF PRESENTATION, ORGANI_3

BASIS OF PRESENTATION, ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) $ / shares in Units, Integer in Millions		9 Months Ended
	Jan. 02, 2022 USD ($) Integer $ / shares shares	Dec. 31, 2023 USD ($) shares	Dec. 31, 2022 USD ($) shares
Property, Plant and Equipment [Line Items]
Payment for related party debt		$ 35,000
Auti-dilutive securities outstanding | shares		12,008,544	7,250,241
Consulting Agreement [Member]
Property, Plant and Equipment [Line Items]
Payment for acquisition	$ 100,000
Proceeds from issuance of contingent milestones	$ 400,000
Number of milestones non-fungible tokens | Integer	500
Consulting Agreement [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Payment for related party debt	$ 400,000
Number of shares issue stock options | shares	10,000,000
Stock price | $ / shares	$ 2.50
Proceeds from non-fungible token	$ 500,000,000
Consulting Agreement [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Number of shares issue stock options | shares	1,000,000
Stock price | $ / shares	$ 1
Proceeds from non-fungible token	$ 100,000,000

LIQUIDITY REQUIREMENTS (Details

LIQUIDITY REQUIREMENTS (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Mar. 31, 2023
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Cash	$ 556,240		$ 556,240		$ 553
Notes payable	4,265,942		4,265,942
Operating expenses			49,000
Financing interest expense	105,000	$ 13,500	105,000	$ 40,500
Additional financing alternatives			300,000
Accounts payable	463,066		463,066		$ 753,050
Convertible Debenture Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Debt borrowing amount	$ 3,000,000		$ 3,000,000

SCHEDULE OF WARRANT OUTSTANDING

SCHEDULE OF WARRANT OUTSTANDING (Details)	9 Months Ended
	Dec. 31, 2023 shares
Equity [Abstract]
Number of Warrants Outstanding, Beginning Balance	9,403,644
Number of Warrants, Granted in conjunction with monies borrowed	361,900
Number of Warrants, Granted in conjunction with extension	543,000
Number of Warrants, Granted in Investors For Cash	1,700,000
Number of Warrants Outstanding, Ending Balance	12,008,544
Number of Warrants Exercisable	12,008,544

SCHEDULE OF WARRANTS ISSUED AND

SCHEDULE OF WARRANTS ISSUED AND OUTSTANDING (Details) - USD ($)	9 Months Ended
	Dec. 31, 2023	Mar. 31, 2023
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Warrant Outstanding	12,008,544	9,403,644
Warrants Exercisable	12,008,544
Proceeds from Warrant Exercised	$ 9,682,719
Exercise Price One [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Warrant Exercise Price	$ 0.05
Warrant Outstanding	3,708,754
Warrants Exercisable	3,708,754
Weighted Average Remaining Contractual Life (Years)	1 year 5 months 12 days
Proceeds from Warrant Exercised	$ 185,439
Exercise Price Two [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Warrant Exercise Price	$ 0.35
Warrant Outstanding	1,700,000
Warrants Exercisable	1,700,000
Weighted Average Remaining Contractual Life (Years)	4 years 9 months
Proceeds from Warrant Exercised	$ 595,000
Exercise Price Three [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Warrant Exercise Price	$ 1
Warrant Outstanding	1,000,000
Warrants Exercisable	1,000,000
Weighted Average Remaining Contractual Life (Years)	3 months 7 days
Proceeds from Warrant Exercised	$ 1,000,000
Exercise Price Four [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Warrant Exercise Price	$ 1.05
Warrant Outstanding	5,049,790
Warrants Exercisable	5,049,790
Weighted Average Remaining Contractual Life (Years)	3 years 8 months 23 days
Proceeds from Warrant Exercised	$ 5,302,280
Exercise Price Five [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Warrant Exercise Price	$ 2
Warrant Outstanding	50,000
Warrants Exercisable	50,000
Weighted Average Remaining Contractual Life (Years)	2 years 7 months 2 days
Proceeds from Warrant Exercised	$ 100,000
Exercise Price Six [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Warrant Exercise Price	$ 5
Warrant Outstanding	500,000
Warrants Exercisable	500,000
Weighted Average Remaining Contractual Life (Years)	3 years 25 days
Proceeds from Warrant Exercised	$ 2,500,000

STOCKHOLDERS_ EQUITY (Details N

STOCKHOLDERS’ EQUITY (Details Narrative) - USD ($)					3 Months Ended		9 Months Ended
	Oct. 04, 2023	Aug. 15, 2023	Jun. 05, 2023	Dec. 06, 2018	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2023	Mar. 31, 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of stock value repurchased				$ 300,000
Proceeds from issuance of private placement		$ 1,500,000
Preferred stock, par value		$ 0.001			$ 0.001		$ 0.001	$ 0.001
Subscription receivable	$ 650,000	$ 400,000
Common stock, shares, issued					42,258,441		42,258,441	41,408,441
Radiant Life LLC [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of warrants issued					80,000		80,000
Warrant term					5 years		5 years
Warrant exercise price					$ 1.05		$ 1.05
Radiant Life LLC [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Warrant or right, reason for issuance, description							The number of warrants issued for an extension is based on the following formula: 10,000 warrants per month the due date is extended plus 1 warrant for every $2 of the principal balance outstanding (not including interest) at the time of the extension (rounded to the nearest whole warrant).
Warrant term					5 years		5 years
Common Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares					650,000	200,000
Subscription receivable	$ 650,000	$ 200,000
Warrant [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of warrants issued	1,300,000	400,000			772,275		772,275
Warrant exercise price	$ 0.35
Warrant [Member] | Radiant Life LLC [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of warrants issued					699,754		699,754
Warrant exercise price					$ 1.05		$ 1.05
Value of warrants							$ 58,402
Share price					$ 1.049		$ 1.049
Dividend rate							0%
Number of warrants issued					80,000		80,000
Warrant [Member] | Mr Dickman [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of warrants issued			543,000
Warrant exercise price			$ 1.05
Value of warrants			$ 523,451
Share price			$ 1.049
Dividend rate			0%
Warrant [Member] | Equity Investor [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of warrants issued	1,700,000
Common stock, shares, issued	850,000
Warrant [Member] | Minimum [Member] | Radiant Life LLC [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Risk free interest rate							4.04%
Volatility rate							85.03%
Warrant [Member] | Minimum [Member] | Mr Dickman [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Risk free interest rate			3.82%
Volatility rate			89.07%
Warrant [Member] | Maximum [Member] | Radiant Life LLC [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Risk free interest rate							4.29%
Volatility rate							86.44%
Three Existing Shareholders [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock repurchase, price per share				$ 0.05
Number of shares cancelled/retired				8,000,000
Number of shares				6,000,000
Number of stock value repurchased				$ 400,000
Repayment to related party				$ 400,000
Board of Directors [Member] | Warrant [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of warrants issued					281,900		281,900
Warrant exercise price					$ 1.05		$ 1.05
Value of warrants							$ 258,354
Share price					$ 1.049		$ 1.049
Dividend rate							0%
Board of Directors [Member] | Warrant [Member] | Minimum [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Risk free interest rate							3.36%
Volatility rate							86.04%
Board of Directors [Member] | Warrant [Member] | Maximum [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Risk free interest rate							4.19%
Volatility rate							89.11%

NOTES PAYABLE (Details Narrativ

NOTES PAYABLE (Details Narrative) - USD ($)	Jan. 06, 2022	Dec. 31, 2023	Apr. 06, 2021
Short-Term Debt [Line Items]
Notes payable		$ 4,265,942
Debt instrument, interest rate, stated percentage			8%
Interest payable		380,027
Unsecured Promissory Note [Member]
Short-Term Debt [Line Items]
Notes payable			$ 300,000
Debt instrument, interest rate, stated percentage			8%
Issuance of warrants			1,000,000
Warrant exercisable price per share			$ 1
Expriation term	3 years
Interest payable		$ 65,688

NOTES PAYABLE, RELATED PARTY (D

NOTES PAYABLE, RELATED PARTY (Details Narrative) - USD ($)		9 Months Ended
	Jul. 29, 2021	Dec. 31, 2023	Dec. 31, 2022	Oct. 04, 2023	Aug. 15, 2023	Jun. 05, 2023	Mar. 31, 2023	Apr. 06, 2021
Short-Term Debt [Line Items]
Note payable		$ 4,265,942
Accrued interest current		124,225					$ 124,225
Accrued interest		380,027
Debt instrument interest rate								8%
Repayments of related party debt		35,000
Amortization of debt discount		$ 60,844	$ 52,980
Warrant [Member]
Short-Term Debt [Line Items]
Issuance of warrants		772,275		1,300,000	400,000
Warrant Exercise Price				$ 0.35
Mr Dickman [Member]
Short-Term Debt [Line Items]
Accrued interest		$ 563,000
Unsecured Promissory Note [Member]
Short-Term Debt [Line Items]
Note payable								$ 300,000
Accrued interest		65,688
Debt instrument interest rate								8%
Issuance of warrants								1,000,000
Warrant Exercise Price								$ 1
Related Party [Member]
Short-Term Debt [Line Items]
Note payable		3,340,058					3,194,108
Accrued interest current		10,702					364,908
Accrued interest		1,277,613					857,684
Unamortized debt discount		90,498
Related Party [Member] | Unsecured Promissory Note [Member]
Short-Term Debt [Line Items]
Issuance of warrants						543,000
Related Party [Member] | Unsecured Promissory Note [Member] | MrGlenn SDickman [Member]
Short-Term Debt [Line Items]
Note payable		$ 826,000					$ 826,000
MrGlenn SDickman [Member] | Unsecured Promissory Note [Member]
Short-Term Debt [Line Items]
Debt instrument interest rate		8%					8%
Related Party Lender [Member]
Short-Term Debt [Line Items]
Issuance of warrants		2,633,332
Radiant Life LLC [Member]
Short-Term Debt [Line Items]
Note payable		$ 1,159,508					$ 1,119,508
Accrued interest		$ 518,619
Debt instrument interest rate		7.50%
Issuance of warrants		80,000
Repayments of related party debt		$ 40,000
Warrant Exercise Price		$ 1.05
Warrant term		5 years
Amortization of debt discount		$ 23,618
Unamortized debt discount		$ 36,767
Radiant Life LLC [Member] | Warrant [Member]
Short-Term Debt [Line Items]
Issuance of warrants		699,754
Warrant Exercise Price		$ 1.05
Radiant Life LLC [Member] | Lines of Credit Agreement [Member]
Short-Term Debt [Line Items]
Repayments of related party debt		$ 0
Radiant Life LLC [Member] | Maximum [Member]
Short-Term Debt [Line Items]
Line of credit		2,130,000
Radiant Life LLC [Member] | Unsecured Promissory Note [Member]
Short-Term Debt [Line Items]
Note payable	$ 50,000
Accrued interest		10,702
Debt instrument interest rate	8%
Maturity date	Jul. 29, 2024
Kraig T. Higginson [Member]
Short-Term Debt [Line Items]
Note payable		1,304,550					$ 1,198,600
Accrued interest		$ 378,967
Debt instrument interest rate		7.50%
Issuance of warrants		281,900
Repayments of related party debt		$ 140,950
Warrant Exercise Price		$ 1.05
Warrant term		5 years
Amortization of debt discount		$ 37,226
Unamortized debt discount		53,731
Kraig T. Higginson [Member] | Lines of Credit Agreement [Member]
Short-Term Debt [Line Items]
Repayments of related party debt		35,000
Kraig T. Higginson [Member] | Maximum [Member]
Short-Term Debt [Line Items]
Line of credit		$ 4,600,000
Related Party Lender One [Member]
Short-Term Debt [Line Items]
Issuance of warrants		3,645,950
Related Party Lender Two [Member]
Short-Term Debt [Line Items]
Issuance of warrants		2,529,262

CONVERTIBLE DEBENTURE AGREEME_2

CONVERTIBLE DEBENTURE AGREEMENT (Details Narrative) - USD ($)	9 Months Ended
	Dec. 31, 2023	Mar. 31, 2023	Apr. 06, 2021
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Interest rate			8%
Accrued interest	$ 124,225	$ 124,225
Related Party [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Amount payable	0	0
Accrued interest	$ 10,702	$ 364,908
8% Convertible Debenture Agreement [Member] | Satco International, Ltd., [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Interest rate	8%
Debt borrowing amount	$ 3,000,000
Description of convertible terms of conversion	Per the agreement, the number of shares issuable at conversion shall be determined by the quotient obtained by dividing the outstanding principal and accrued and unpaid interest by 90% of the 90-day average closing price of the Company’s common stock from the date the notice of conversion is received; and the price at which the Debenture may be converted will be no lower than $1.00 per share
Debt convertible conversion price per share	$ 1
Debt maturity date	Jun. 02, 2016
8% Convertible Debenture Agreement [Member] | Satco International, Ltd., [Member] | Extended Maturity [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Debt maturity date	Nov. 30, 2024

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - $ / shares	2 Months Ended
	Feb. 14, 2024	Dec. 31, 2023	Oct. 04, 2023	Aug. 15, 2023
Warrant [Member]
Subsequent Event [Line Items]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights		772,275	1,300,000	400,000
Warrant Exercise Price			$ 0.35
Board of Directors [Member] | Warrant [Member]
Subsequent Event [Line Items]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights		281,900
Warrant Exercise Price		$ 1.05
Subsequent Event [Member] | Board Of Director [Member]
Subsequent Event [Line Items]
Debt Instrument, Maturity Date	Nov. 30, 2025
Class of Warrant or Right, Number of Securities Called by Warrants or Rights	772,275
Subsequent Event [Member] | Radiant Life LLC [Member]
Subsequent Event [Line Items]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights	699,754
Subsequent Event [Member] | Mr Dickman [Member]
Subsequent Event [Line Items]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights	563,000
Subsequent Event [Member] | Board of Directors [Member] | Warrant [Member]
Subsequent Event [Line Items]
Warrant Exercise Price	$ 0.41