Overview
-$1.8MNet income, fiscal 20262
- TickerSUND on OTC1
- IndustryInsurance Agents, Brokers & Service1
- HeadquartersProvo, Utah1
- Incorporated inNV3
- Business address4626 North 300 West, Suite 365, Provo, Ut 846043
- Filer categoryNon-accelerated filer, Smaller reporting company, Emerging growth company3
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The lender (the “Holders’ Lender”) has provided funding to the Holders to finance the purchase of the insurance policies.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.2
| Period ending | 2026-03-31 | 2025-03-31 |
|---|---|---|
| General and Administrative Expenses | $435.9K | $604.2K |
| Loss from Operations | -$435.9K | -$604.2K |
| Loss on extinguishment of debt | -$990.0K | -$435.2K |
| Interest expense | -$372.9K | -$349.0K |
| Financing expense | -$15.0K | -$215.0K |
| Total Other Expenses | -$1.4M | -$999.2K |
| Loss Before Income Taxes | -$1.8M | -$1.6M |
| Income Tax Provision | $200 | |
| Net Loss | -$1.8M | -$1.6M |
| Loss per share - basic | -$0.04 | -$0.04 |
| Loss per share - diluted | -$0.04 | -$0.04 |
| Weighted average shares outstanding - basic | 42.9M shares | 42.9M shares |
| Weighted average shares outstanding - diluted | 42.9M shares | 42.9M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.2
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-07-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $32.0K | $168.6K | ||
| Prepaid expenses and other assets | $9.4K | $9.6K | ||
| Total Current Assets | $41.5K | $178.2K | ||
| Total Assets | $41.5K | $178.2K | ||
| Accounts payable | $451.4K | $446.9K | ||
| Accrued expenses | $342.5K | $880.1K | ||
| Stock repurchase payable | $400.0K | $400.0K | ||
| Total Current Liabilities | $1.4M | $2.9M | ||
| Accrued expenses | $2.1M | $1.2M | ||
| Total Long-Term Liabilities | $5.7M | $3.6M | ||
| Total Liabilities | $7.2M | $6.5M | ||
| Common stock, authorized 500,000,000 shares, par value $0.001; 43,063,441 shares issued and outstanding as of March, 31 2026; and March, 31 2025 | $43.1K | $43.1K | ||
| Additional paid-in capital | $33.1M | $32.2M | ||
| Accumulated deficit | -$40.3M | -$38.5M | ||
| Total Stockholders Deficit | -$7.1M | -$6.3M | -$5.9M | |
| Total Liabilities and Stockholders Deficit | $41.5K | $178.2K | ||
| Preferred stock, shares authorized | 10.0M shares | 10.0M shares | ||
| Preferred stock, par value | $0.00 | $0.00 | ||
| Preferred stock, shares issued | 0 shares | 0 shares | ||
| Preferred stock, shares outstanding | 0 shares | 0 shares | ||
| Common stock, shares authorized | 500.0M shares | 500.0M shares | ||
| Common stock, par value | $0.00 | $0.00 | $0.00 | |
| Common stock, shares issued | 43.1M shares | 43.1M shares | ||
| Common stock, shares outstanding | 43.1M shares | 43.1M shares |
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-07-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $32.0K | $168.6K | ||
| Prepaid expenses and other assets | $9.4K | $9.6K | ||
| Total Current Assets | $41.5K | $178.2K | ||
| Total Assets | $41.5K | $178.2K | ||
| Accounts payable | $451.4K | $446.9K | ||
| Accrued expenses | $342.5K | $880.1K | ||
| Stock repurchase payable | $400.0K | $400.0K | ||
| Total Current Liabilities | $1.4M | $2.9M | ||
| Accrued expenses | $2.1M | $1.2M | ||
| Total Long-Term Liabilities | $5.7M | $3.6M | ||
| Total Liabilities | $7.2M | $6.5M | ||
| Common stock, authorized 500,000,000 shares, par value $0.001; 43,063,441 shares issued and outstanding as of March, 31 2026; and March, 31 2025 | $43.1K | $43.1K | ||
| Additional paid-in capital | $33.1M | $32.2M | ||
| Accumulated deficit | -$40.3M | -$38.5M | ||
| Total Stockholders Deficit | -$7.1M | -$6.3M | -$5.9M | |
| Total Liabilities and Stockholders Deficit | $41.5K | $178.2K | ||
| Preferred stock, shares authorized | 10.0M shares | 10.0M shares | ||
| Preferred stock, par value | $0.00 | $0.00 | ||
| Preferred stock, shares issued | 0 shares | 0 shares | ||
| Preferred stock, shares outstanding | 0 shares | 0 shares | ||
| Common stock, shares authorized | 500.0M shares | 500.0M shares | ||
| Common stock, par value | $0.00 | $0.00 | $0.00 | |
| Common stock, shares issued | 43.1M shares | 43.1M shares | ||
| Common stock, shares outstanding | 43.1M shares | 43.1M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.2
| Period ending | 2026-03-31 | 2025-03-31 |
|---|---|---|
| Net Loss | -$1.8M | -$1.6M |
| Loss on extinguishment of debt | $990.0K | $435.2K |
| Amortization of debt discount | $3.1K | |
| Prepaid expenses and other assets | $106 | -$480 |
| Accounts payable | $4.5K | -$977 |
| Accrued expenses | $426.0K | $253.4K |
| Net Cash used in Operating Activities | -$390.3K | -$916.2K |
| Proceeds from issuance of common stock and warrants | $805.0K | |
| Proceeds from issuance of notes payable | $245.0K | |
| Proceeds from issuance of notes payable, related party | $8.7K | |
| Repayment of notes payable, related party | -$50.0K | |
| Net Cash provided by Financing Activities | $253.7K | $755.0K |
| Net Change in Cash and Cash Equivalents | -$136.6K | -$161.2K |
| Cash paid for interest | $150.0K | |
| Cash paid for income taxes | $200 | |
| Warrants issued in connection with debt issuances | $3.1K |
No quarter-by-quarter statement was filed.
What it owns
What Sundance Strategies, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $32.0K2 Mar 31, 2026 | $168.6K2 Mar 31, 2025 | −81.0% |
Properties, in its own words
We conduct our business through our executive office, located in Provo, Utah, with approximately 1,600 square feet of office space. We believe that the lease to which we are subject is generally on terms consistent with prevailing market terms, and none of the leases are with our affiliates. We believe that our facilities are in good condition and are adequate to meet our operating needs for the foreseeable future.
Item 2 of the 10-K filed Jun 29, 2026.4
Leadership
Who has led Sundance Strategies, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
2010201520202025
- Chief executive officerJonathan Craig Moffitt Nov 8, 2012 to Nov 8, 201214
- Chief executive officerHoward Abrams Mar 12, 2008 to Mar 12, 200815
- PresidentRandall F. Pearson Apr 8, 2013 to Jun 25, 201516
- PresidentJonathan Craig Moffitt Nov 8, 2012 to Nov 8, 201214
- Chief financial officerDel R. Higginson Mar 24, 2009 to Mar 24, 200917
- Chief financial officerHoward Abrams Mar 12, 2008 to Mar 12, 200815
- Chief operating officerMatthew G. Pearson Jul 22, 2015 to Jul 22, 201518
Board members and other officers (9)
- SecretaryGlenn S. Dickman Apr 8, 2013 to Apr 8, 201319
- Board memberKraig Higginson Jun 4, 2015 to Jun 4, 201520
- Board memberGlenn S. Dickman Apr 8, 2013 to Apr 8, 201319
- Board memberRandall F. Pearson Apr 8, 2013 to Jun 25, 201516
- Board memberTy D. Mattingly Apr 11, 2013 to Jul 17, 201521
- Board memberJonathan Craig Moffitt Nov 8, 2012 to Nov 8, 201214
- Board memberDel R. Higginson Mar 24, 2009 to Mar 24, 200917
- Board memberHoward Abrams Mar 12, 2008 to Mar 12, 200815
- Board memberMark C. Burdge Mar 18, 2008 to Mar 18, 200822
Former names
- JAVA EXPRESS INCApr 26, 2002 to Apr 16, 20133
Timeline
Filings
20 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports. The latest 20:
- Aug 13, 202610-Q EDGAR
- Jun 29, 202610-K EDGAR
- Feb 17, 202610-Q EDGAR
- Nov 13, 202510-Q EDGAR
- Aug 13, 202510-Q EDGAR
- Jun 30, 202510-K EDGAR
- Feb 14, 202510-Q EDGAR
- Nov 8, 202410-Q EDGAR
- Aug 13, 202410-Q EDGAR
- Jul 1, 202410-K EDGAR
- Feb 14, 202410-Q EDGAR
- Nov 14, 202310-Q EDGAR
- Aug 14, 202310-Q EDGAR
- Jun 29, 202310-K EDGAR
- Feb 14, 202310-Q EDGAR
- Nov 14, 202210-Q EDGAR
- Aug 15, 202210-Q EDGAR
- Jun 29, 202210-K EDGAR
- Feb 14, 202210-Q EDGAR
- Nov 15, 202110-Q EDGAR
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
SEC filer profile
How Sundance Strategies, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARSundance Strategies, Inc.1
- CIK0001171838
- Employer ID (EIN)88-05153334
- Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; a shell company4
- Incorporated inNevada4
- Fiscal year endsMarch 311
- Industry code (SIC)6411 Insurance Agents, Brokers & Service1
- SEC reviewing officeOffice of Finance, Division of Corporation Finance1
- Business address4626 North 300 West, Suite 365, Provo, UT 846041
- Phone801-705-89681
- Shares outstanding43,063,441 as of Aug 13, 202613
- Public float$6.7M as of Sep 30, 20254
- AuditorSadler, Gibb & Associates, LLC, Draper, UT PCAOB ID 3627; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceApr 26, 20021
- Filings224 in all: 10-Q (55), 8-K (39), 10-K (19), 3 (15), 8-K/A (14), 10QSB (13), 4 (13), SC 13D (7)1
All 31 form types
NT 10-K (6), NT 10-Q (6), UPLOAD (6), 10KSB (4), SB-2/A (3), 10-K/A (2), 10QSB/A (2), 10SB12G/A (2), D (2), DEF 14A (2), SC 13D/A (2), 10-Q/A (1), 10SB12G (1), CORRESP (1), D/A (1), DEF 14C (1), PRE 14A (1), PRE 14C (1), PRER14C (1), REGDEX (1), RW (1), SB-2 (1), SC 13G (1)
- Latest filingsAnnual report (10-K) Jun 29, 2026
Quarterly report (10-Q) Aug 13, 2026
Proxy statement (DEF 14A) Jul 29, 2016
Latest 8-K (8-K) Apr 15, 2021
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, $0.001 par value | SUND |
From the cover page of the 10-K filed Jun 29, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks Sundance Strategies, Inc. names in Item 1A of its 10-K filed Jun 29, 2026: 42 risks under these headings, as written.4
- We have historically used significant amounts of cash in operating activities since our inception and may continue to use significant amounts of cash for operating activities in the foreseeable future.
- We may not be able to secure additional financing on favorable terms, or at all, to meet our future capital needs and our failure to obtain additional financing when needed could force us to delay, reduce or eliminate our product development programs and commercialization efforts or cause us to become insolvent.
- Our ability to execute our business plan depends on obtaining continued financing.
- Inadequate funding will impede execution of our business model.
- We may default on our obligations under various debt arrangements, which may accelerate our repayment obligations or otherwise limit our access to future financing.
- Our management team relies on outside consultants and others in our industry to make informed business decisions; potential conflicts of interest involving those parties who are relied upon could adversely affect the execution of our business model
- Current and future federal regulation under the Dodd-Frank Act’s consumer protection provisions may have an adverse effect on our business and our planned business operations.
- General economic conditions could have an adverse effect on our business.
- The costs in time and expense of being a publicly-held company are substantial and will only increase if our business model is successful.
- We are new to the bond, life settlement, and financial advisory industry and may not be able to successfully compete in this industry.
- Historically, 99% of our total assets are interests in life settlement policies, resulting in a lack of diversification of assets and concentration in assets that are subject to significant fluctuations in value.
- Limitations to the financial model we use may result in inaccurate or incomplete projections of future cash flow from the insurance policies.
The other 30 risks
- The individuals insured by the life insurance policies may live longer than their actuarial life expectancies and thereby, cash flows from life insurance policies may be delayed.
- Having relatively few insureds could cause the overall performance to be unduly influenced by a relatively small number of underlying policies that perform better or worse than expected.
- Increased general market interests rates could increase the carrying costs of the life insurance policies and reduce the related cash flows.
- Changes to foreign banking laws and regulations or decreased lending capacity for life settlements could have a negative impact on the ability of Holders to obtain loans with respect to purchases of life settlements.
- Holders may be required to obtain MRI coverage as a condition of our business model, which, if unavailable, could potentially increase our risk of failure.
- The lapse of life insurance policies will result in the entire loss of our interest in the death benefits from those particular policies.
- Actual results from life settlement products may not match expected results, which could reduce returns and also adversely affect the ability to service and grow a portfolio for actuarial stability.
- The limited number of sellers of life settlement products in the secondary market may limit the ability to negotiate favorable prices in the acquisition of such life settlement interests.
- We do not track concentrations of pre-existing medical conditions of insureds in our guidelines for purchasing life settlement products.
- If life settlement products are determined to be “securities,” Holders may be required to register as an investment company under the Investment Company Act, which would substantially increase SEC reporting costs and oversight of a Holder’s business operations.
- There is poor liquidity in the secondary market for life insurance and life settlements.
- Life settlements, and therefore our common stock, are highly speculative and may lose all of their value.
- Risks Related to the Life Insurance Policies
- Policies may be determined to have been issued without an “insurable interest” and could be void or voidable.
- Additional insurable interest concerns regarding life insurance policies originated pursuant to premium finance transactions may also result in adverse decisions that could effect policies.
- Fraud in the application for life insurance can also affect assets and interest in policies.
- The risk of litigation with issuing insurance companies could substantially raise our costs of operation and increase our risk of loss.
- The contestation of the life insurance policies by the applicable issuing insurance companies could result in the loss of the benefits from such life insurance policies.
- Increases in cost of insurance could reduce estimated returns and lower revenues.
- Carrier and service partner credit risk can adversely affect life settlements.
- The inability to keep track of the insureds could keep us from updating the medical records of the insured.
- Lost insureds can result in a delay or a loss of an insurance benefit that would have a negative effect on revenues and prospects.
- U.S. life settlement and viatical regulations may result in determination(s) of applicable law violations.
- State protections for the insolvency of an insurance company are limited.
- Liability for failing to comply with U.S. privacy safeguards.
- Cyber-attacks or other security breaches could have a material adverse effect on our business.
- U.S. privacy concerns may affect the access to accurate and current medical information regarding the insured under life insurance policies.
- There is a limited public market for our common stock, and any market that may develop could be volatile.
- We are an emerging growth company and we cannot be certain if the reduced disclosure requirements applicable to emerging growth companies will make our common stock less attractive to investors.
- Our management and two stockholders beneficially own approximately 66% of our outstanding common stock and therefore can exert control over our business.
- Future sales of our common stock could adversely affect our stock price and our ability to raise capital in the future, resulting in our inability to raise required funding for our operations.
Legal proceedings
To the best of our knowledge, there are no legal proceedings pending or threatened against us; and there are no actions pending or threatened against any of our directors or officers that are adverse to us.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 16SEC EDGARRandall F. Pearson, President
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- 19SEC EDGARGlenn S. Dickman, Secretary
- 20SEC EDGARKraig Higginson, Board member
- 21SEC EDGARTy D. Mattingly, Board member
- 22SEC EDGARMark C. Burdge, Board member