$SUND
Sundance Strategies, Inc. Stock $sund

$sund Overview Financials Valuation SEC Filings Company Website

2015 Q4 Form 10-Q Financial Statement

#000154812315000377 Filed on November 10, 2015

Income Statement

Concept	2015 Q4	2015 Q3	2014 Q3
Revenue	$0.00	$0.00	$0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin	$1.550M	$900.0K	$580.0K
YoY Change	192.45%	55.17%	87.1%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses	$460.0K	$30.00K	-$10.00K
YoY Change	-611.11%	-400.0%	-103.22%
Operating Profit	-$459.6K	-$34.20K	$9.647K
YoY Change	-612.14%	-454.49%	-103.1%
Interest Expense	$60.29K	$51.39K	$17.03K
YoY Change	-69.89%	201.74%	-44.54%
% of Operating Profit			176.54%
Other Income/Expense, Net	-$60.29K	-$50.85K	-$12.55K
YoY Change	-69.19%	305.09%	-59.12%
Pretax Income	-$519.9K	-$85.05K	-$2.906K
YoY Change	390.73%	2826.67%	-99.15%
Income Tax
% Of Pretax Income
Net Earnings	-$519.9K	-$85.05K	-$2.906K
YoY Change	390.73%	2826.67%	-99.15%
Net Earnings / Revenue
Basic Earnings Per Share		-$0.01	-$0.01
Diluted Earnings Per Share	-$11.73K	-$0.01	-$0.01
COMMON SHARES
Basic Shares Outstanding	44.32M shares	44.32M shares	43.16M shares
Diluted Shares Outstanding		44.32M shares	43.16M shares

Balance Sheet

Concept	2015 Q4	2015 Q3	2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$70.00K	$90.00K	$120.0K
YoY Change	-91.14%	-25.0%	-87.76%
Cash & Equivalents	$74.11K	$90.00K	$119.7K
Short-Term Investments
Other Short-Term Assets	$0.00	$10.00K	$28.60K
YoY Change		-65.03%
Inventory
Prepaid Expenses	$3.750K		$7.625K
Receivables
Other Receivables
Total Short-Term Assets	$77.86K	$100.0K	$155.9K
YoY Change	-90.2%	-35.85%	-84.09%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$28.69M	$27.60M	$17.78M
YoY Change	63.1%	55.23%	39.89%
Other Assets		$0.00	$4.376M
YoY Change		-100.0%	-31.77%
Total Long-Term Assets	$28.69M	$27.60M	$18.00M
YoY Change	59.65%	53.32%	41.59%
TOTAL ASSETS
Total Short-Term Assets	$77.86K	$100.0K	$155.9K
Total Long-Term Assets	$28.69M	$27.60M	$18.00M
Total Assets	$28.77M	$27.70M	$18.16M
YoY Change	53.31%	52.56%	32.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$279.1K	$220.0K	$170.8K
YoY Change	117.64%	28.79%	22.02%
Accrued Expenses	$826.7K	$0.00	$146.8K
YoY Change	405.74%	-100.0%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$1.330M
YoY Change	-100.0%	-100.0%	-55.67%
Long-Term Debt Due		$0.00	$730.0K
YoY Change		-100.0%
Total Short-Term Liabilities	$1.856M	$220.0K	$2.375M
YoY Change	-37.74%	-90.73%	-24.62%
LONG-TERM LIABILITIES
Long-Term Debt	$3.370M	$2.830M	$0.00
YoY Change
Other Long-Term Liabilities	$110.0K	$50.00K
YoY Change
Total Long-Term Liabilities	$3.477M	$2.880M	$0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities	$1.856M	$220.0K	$2.375M
Total Long-Term Liabilities	$3.477M	$2.880M	$0.00
Total Liabilities	$5.333M	$3.100M	$2.375M
YoY Change	78.91%	30.55%	-24.62%
SHAREHOLDERS EQUITY
Retained Earnings	-$868.9K		-$372.1K
YoY Change	81.78%		-75.36%
Common Stock	$24.30M		$43.19K
YoY Change	56179.18%		-94.57%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$23.44M	$24.60M	$15.78M
YoY Change
Total Liabilities & Shareholders Equity	$28.77M	$27.70M	$18.16M
YoY Change	53.31%	52.56%	32.6%

Cashflow Statement

Concept	2015 Q4	2015 Q3	2014 Q3
OPERATING ACTIVITIES
Net Income	-$519.9K	-$85.05K	-$2.906K
YoY Change	390.73%	2826.67%	-99.15%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities	-$780.0K	-$400.0K	-$580.0K
YoY Change	-510.53%	-31.03%	-36.26%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities	$230.0K	$210.0K	$0.00
YoY Change	-253.33%
Cash From Investing Activities	$230.0K	$210.0K	$0.00
YoY Change	-253.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	540.0K	250.0K	690.0K
YoY Change	-14.29%	-63.77%	9.52%
NET CHANGE
Cash From Operating Activities	-780.0K	-400.0K	-580.0K
Cash From Investing Activities	230.0K	210.0K	0.000
Cash From Financing Activities	540.0K	250.0K	690.0K
Net Change In Cash	-10.00K	60.00K	110.0K
YoY Change	-101.49%	-45.45%	-139.29%
FREE CASH FLOW
Cash From Operating Activities	-$780.0K	-$400.0K	-$580.0K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	us-gaap	Net Income Loss NetIncomeLoss	-61270	USD
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.01
CY2015Q3	us-gaap	Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests	750000	USD
CY2015Q1	us-gaap	Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests		USD
CY2015Q1	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2015Q3	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	44222191	shares
CY2015Q3	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2015Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2015Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	500000000	shares
CY2015Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2015Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2015Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	43185941	shares
	us-gaap	Interest Income Operating InterestIncomeOperating	1687469	USD
	us-gaap	Interest Income Operating InterestIncomeOperating	1156151	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1493591	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1199372	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	193878	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	-43221	USD
	us-gaap	Investment Income Interest InvestmentIncomeInterest	5241	USD
	us-gaap	Investment Income Interest InvestmentIncomeInterest	8820	USD
	us-gaap	Interest Expense InterestExpense	90592	USD
	us-gaap	Interest Expense InterestExpense	33172	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense		USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	6303	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-85351	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-18049	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	108527	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-61270	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit		USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit		USD
	us-gaap	Net Income Loss NetIncomeLoss	108527	USD
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	45231174	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	43090561	shares
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.01
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	43886050	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	43090561	shares
	us-gaap	Stock Option Plan Expense StockOptionPlanExpense	300816	USD
	us-gaap	Stock Option Plan Expense StockOptionPlanExpense	212242	USD
	us-gaap	Increase Decrease In Other Noncurrent Assets IncreaseDecreaseInOtherNoncurrentAssets	626914	USD
	us-gaap	Increase Decrease In Other Noncurrent Assets IncreaseDecreaseInOtherNoncurrentAssets	691557	USD
	us-gaap	Increase Decrease In Accrued Interest Receivable Net IncreaseDecreaseInAccruedInterestReceivableNet	-16428	USD
	us-gaap	Increase Decrease In Accrued Interest Receivable Net IncreaseDecreaseInAccruedInterestReceivableNet	280	USD
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	3750	USD
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	5625	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-39403	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	117911	USD
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	40712	USD
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	17780	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-1036133	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-1595550	USD
	us-gaap	Payments For Proceeds From Loans Receivable PaymentsForProceedsFromLoansReceivable	-211000	USD
	us-gaap	Payments For Proceeds From Loans Receivable PaymentsForProceedsFromLoansReceivable	-550000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	211000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	550000	USD
	us-gaap	Proceeds From Repayments Of Related Party Debt ProceedsFromRepaymentsOfRelatedPartyDebt	632000	USD
	us-gaap	Proceeds From Repayments Of Related Party Debt ProceedsFromRepaymentsOfRelatedPartyDebt	640000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	582000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	790000	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-243133	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-255550	USD
CY2014Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	375212	USD
CY2014Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	119662	USD
	us-gaap	Notes Reduction NotesReduction		USD
	us-gaap	Notes Reduction NotesReduction	100000	USD
	us-gaap	Proceeds From Convertible Debt ProceedsFromConvertibleDebt	700000	USD
	us-gaap	Proceeds From Convertible Debt ProceedsFromConvertibleDebt		USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	750000	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock		USD
	us-gaap	Debt Conversion Converted Instrument Amount1 DebtConversionConvertedInstrumentAmount1	1500000	USD
	us-gaap	Debt Conversion Converted Instrument Amount1 DebtConversionConvertedInstrumentAmount1		USD
CY2015	us-gaap	Impairment Of Investments ImpairmentOfInvestments		USD
CY2014Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.01
CY2015Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.01
CY2014Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.01
CY2015Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	44315941	shares
CY2014Q1	us-gaap	Long Term Notes Payable LongTermNotesPayable	1455904	USD
	us-gaap	Description Of New Accounting Pronouncements Not Yet Adopted DescriptionOfNewAccountingPronouncementsNotYetAdopted	<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="margin: 0pt; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><strong>(2) NEW ACCOUNTING PRONOUNCEMENTS</strong></font></p> <p style="margin: 0pt; font-family: 'times new roman';"> </p> <p style="margin: 0pt; font-family: 'times new roman';"><font style="font-size: 10pt;">In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standard Update (ASU) 2014-09 Revenue from Contracts with Customers, which provides a single, comprehensive revenue recognition model for all contracts with customers. The core principal of this ASU is that an entity should recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This ASU also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. This ASU is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2017. Early adoption is not permitted, and companies can transition to the new standard under the full retrospective method or the modified retrospective method. The Company does not believe adoption of this ASU will have a material impact on its financial statements.</font><br/><font style="font-size: 10pt;"> </font><br/><font style="font-size: 10pt;">In August 2014, the FASB issued ASU 2014-15 Presentation of Financial StatementsGoing Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern. The new standard provides guidance around management's responsibility to evaluate whether there is substantial doubt about an entity's ability to continue as a going concern and to provide related footnote disclosures. The new standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. Early adoption is permitted. The adoption of this standard is not expected to have a material impact on the Company's financial statements.</font><br/><font style="font-size: 10pt;"> </font><br/><font style="font-size: 10pt;">In April, 2015, the FASB issued ASU 2015-03: Simplifying the Presentation of Debt Issuance Costs (Subtopic 835-30). This update requires debt issuance costs to be presented in the balance sheet as a direct deduction from the associated debt liability. Under current standards, debt issuance costs are generally recorded as an asset and amortization of these deferred financing costs is recorded in interest expense. Under the new standard, debt issuance costs will continue to be amortized over the life of the debt instrument and amortization will continue to be recorded in interest expense. ASU 2015-03 is effective for the Company on April 1, 2016, and will be applied on a retrospective basis.</font></p> <p style="margin: 0pt; font-family: 'times new roman';"> </p> <p style="margin: 0pt; font-family: 'times new roman';"><font style="font-size: 10pt;">In August 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date. This Update was issued in response to feedback from preparers, practitioners and users of financial statements to see the effective date of the new guidance on revenue recognition delayed in order to allow a smoother transition. This Update pushes the effective date for the new guidance back for public entities, certain not-for-profit entities and certain employee benefit plans to annual reporting periods beginning after December 15, 2017, along with any interim reporting periods in that same period. All other entities will be required to implement the new guidance to reporting periods beginning after December 15, 2018, and interim reporting periods within annual reporting periods beginning after December 15, 2019. The Company is evaluating the impact this new guidance will have on its financial statements.</font><br/><font style="font-size: 10pt;"> </font><br/><font style="font-size: 10pt;">In May 2015, the FASB issued ASU 2015-08, Business Combinations (Topic 805): Pushdown Accounting. This Accounting Standards Update amends various SEC paragraphs pursuant to the issuance of Staff Accounting Bulletin No.115. The Company notes the Update is effective immediately and will apply to the Company if the Company acquires a business.</font><br/><font style="font-size: 13.3333px;"> </font><br/><font style="font-size: 10pt;">In August 2015, the FASB issued ASU 2015-15, Interest-Imputation of Interest (Subtopic 835-30): Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements. This Update was issued to make some fairly minor wording adjustments to ASC 835-30. The new wording, presented as paragraph 835-30-S45-1, recognizes that ASU 2015-13 does not address the presentation and subsequent measurement of debt issuance costs related to line-of-credit arrangements. As stated below, ASU 2015-13 requires companies to recognize debt issuance costs as a reduction of the carrying amount of the associated debt liability. ASU 2015-15 states that debt issuance costs related to line-of-credit arrangements may be recognized as an asset and amortized over the term of the line-of-credit arrangement, even if the line-of-credit does not carry a balance. The Company notes that this guidance does apply to its reporting requirements and will implement the new guidance accordingly.</font><br/><font style="font-size: 10pt;"> </font><br/><font style="font-size: 10pt;">In September 2015, the FASB issued ASU 2015-16, Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments. This Update, which is part of the FASB's larger Simplification Initiative project aimed at reducing the cost and complexity of certain areas of the accounting codification, requires that an acquirer recognize adjustments to provisional amounts identified during the measurement period in the reporting period in which the adjustment amounts are determined. Furthermore, the acquirer should record in the same period's financial statements, the effect on earnings from any changes in depreciation, amortization or other items impacting income. These changes resulting from adjustments to provisional amounts should be calculated as if the accounting had been completed at the actual acquisition date. Lastly, the Update requires the acquirer to present separately on the face of the income statement or in the footnote disclosures the portion of the amount recorded in current-period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized as of the actual acquisition date. This Update is effective for fiscal years beginning after December 15, 2016. The amendments in this Update should be applied prospectively to adjustments to provisional amounts that occur after the effective date of this Update, with earlier application permitted. The Company notes that this guidance does apply to its reporting requirements and will implement the new guidance accordingly.</font></p> <p><font style="font-size: 10pt;">The Company has reviewed all other 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.</font><br/></p> </div>
CY2014Q1	us-gaap	Life Settlement Contracts Investment Method Carrying Amount LifeSettlementContractsInvestmentMethodCarryingAmount	12243411	USD
	us-gaap	Payments To Acquire Investments PaymentsToAcquireInvestments		USD
CY2015	us-gaap	Payments To Acquire Investments PaymentsToAcquireInvestments	7846746	USD
CY2015	us-gaap	Interest Income Operating InterestIncomeOperating	2454478	USD
	sund	Distribution Of Life Settlement Contract Investments DistributionOfLifeSettlementContractInvestments		USD
	us-gaap	Impairment Of Investments ImpairmentOfInvestments		USD
CY2015Q2	sund	Face Value Of Collateral Against Cash Advances FaceValueOfCollateralAgainstCashAdvances	94000000	USD
CY2015Q2	sund	Life Settlement Contracts Matured During Period LifeSettlementContractsMaturedDuringPeriod	10000000	USD
CY2015Q3	sund	Face Value Of Collateral Against Cash Advances FaceValueOfCollateralAgainstCashAdvances	84000000	USD
CY2015Q1	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	37350	USD
CY2015Q1	us-gaap	Debt Instrument Interest Rate Stated Percentage DebtInstrumentInterestRateStatedPercentage	0.04	pure
CY2015	us-gaap	Debt Instrument Maturity Date DebtInstrumentMaturityDate	2015-04-01
CY2015Q2	us-gaap	Debt Instrument Convertible Number Of Equity Instruments DebtInstrumentConvertibleNumberOfEquityInstruments	187500	item
CY2015Q2	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	93750	shares
CY2015Q2	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	750000	USD
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--03-31
	dei	Document Period End Date DocumentPeriodEndDate	2015-09-30
	dei	Entity Registrant Name EntityRegistrantName	Sundance Strategies, Inc.
	dei	Entity Central Index Key EntityCentralIndexKey	0001171838
CY2015Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	44315941	shares
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2016
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Document Type DocumentType	10-Q
	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
	dei	Amendment Flag AmendmentFlag	false
	sund	Liquidity And Capital Requirements Disclosure Textblock LiquidityAndCapitalRequirementsDisclosureTextblock	<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="margin: 0in 0in 0pt; text-align: justify; font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b>(8)<font style="mso-spacerun: yes;">  </font>LIQUIDITY AND CAPITAL REQUIREMENTS</b></font></p> <p style="margin: 0in 0in 0pt; text-align: justify; font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b> </b></font></p> <p style="margin: 0in 0in 0pt; text-align: justify; font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b> <!-- [if gte mso 9]><xml> <o:OfficeDocumentSettings> <o:TargetScreenSize>800x600</o:TargetScreenSize> </o:OfficeDocumentSettings> </xml><![endif]--> <!-- 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<w:LsdException Locked="false" Priority="52" Name="List Table 7 Colorful Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="List Table 1 Light Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="List Table 6 Colorful Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="List Table 7 Colorful Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="List Table 1 Light Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="List Table 6 Colorful Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="List Table 7 Colorful Accent 6"></w:LsdException> </w:LatentStyles> </xml><![endif]--> <!-- [if gte mso 10]> <style> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman",serif;} </style> <![endif]--></b></font></p> <p style="text-align: justify; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;">Under the current business plan, the Company purchases life insurance policies and residual interests in or financial products tied to life insurance policies when they fit its model and its cash flows are sufficient to fund those purchases (with exception of the Del Mar ATA wherein the Company committed to purchase a certain number of Qualified NIBs as Del Mar made them available). The Company expects to finance NIB purchases, as well as its operating working capital requirements, with proceeds from planned public and/or private offerings of its securities and debt financing. There can be no assurance that the Company will be successful in the anticipated equity and debt offerings or that it will be successful in raising additional capital in the future on terms acceptable to the Company, or at all.</font></p> <p><font style="font-size: 10pt;">If the Company is unable to raise sufficient capital through the planned securities and debt offerings or other alternative sources of financing, management will curtail NIB purchases. Under this plan, expenditures for NIBs will be curtailed. The Company believes that it will be able to fund its operating working capital requirements with existing lines-of-credit and debentures agreements.</font></p> <p><font style="font-size: 10pt;">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. To continue as a going concern beyond the period ended September 30, 2016, and in order to continue to purchase NIBs, the Company will need to complete planned equity and debt offerings or obtain alternative sources of financing. Absent additional financing, the Company will not have the resources to execute its current business plan.</font></p> </div>
CY2014Q3	us-gaap	Interest Expense InterestExpense	17031	USD
CY2015Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense		USD
CY2014Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense		USD
CY2015Q3	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-50851	USD
CY2015Q3	sund	Convertible Debenture Interest Rate ConvertibleDebentureInterestRate	0.08	pure
CY2015Q3	sund	Convertible Debenture Borrowing Capacity ConvertibleDebentureBorrowingCapacity	3000000	USD
	sund	Convertible Debenture Terms Of Conversion ConvertibleDebentureTermsOfConversion	<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">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</div>
CY2015Q3	sund	Convertible Debenture Amount Borrowed ConvertibleDebentureAmountBorrowed	700000	USD
CY2015Q3	us-gaap	Interest Income Operating InterestIncomeOperating	863439	USD
CY2014Q3	us-gaap	Interest Income Operating InterestIncomeOperating	592653	USD
CY2015Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	897637	USD
CY2014Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	583006	USD
CY2015Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-34198	USD
CY2014Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	9647	USD
CY2015Q3	us-gaap	Investment Income Interest InvestmentIncomeInterest	539	USD
CY2014Q3	us-gaap	Investment Income Interest InvestmentIncomeInterest	4478	USD
CY2015Q3	us-gaap	Interest Expense InterestExpense	51390	USD
CY2014Q3	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-12553	USD
CY2015Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-85049	USD
CY2014Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-2906	USD
CY2015Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit		USD
CY2014Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit		USD
CY2015Q3	us-gaap	Net Income Loss NetIncomeLoss	-85049	USD
CY2014Q3	us-gaap	Net Income Loss NetIncomeLoss	-2906	USD
CY2015Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.01
CY2014Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	43163575	shares
CY2015Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	44315941	shares
CY2014Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	43163575	shares
	us-gaap	Increase Decrease In Other Current Assets And Liabilities Net IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet		USD
	us-gaap	Increase Decrease In Other Current Assets And Liabilities Net IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet	28600	USD
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock		USD
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	150000	USD
CY2015Q3	us-gaap	Temporary Equity Shares Outstanding TemporaryEquitySharesOutstanding	93750	shares
CY2015Q1	us-gaap	Temporary Equity Shares Outstanding TemporaryEquitySharesOutstanding	0	shares
	sund	Convertible Debenture Minimum Conversion Price Per Share ConvertibleDebentureMinimumConversionPricePerShare	1.00
	us-gaap	Transfer To Investments TransferToInvestments	3368380	USD
CY2015	us-gaap	Transfer To Investments TransferToInvestments		USD
CY2015Q3	sund	Ownership Percentage Interest In Ni Bs OwnershipPercentageInterestInNIBs	1.00	pure
CY2015Q3	sund	Face Value Of Collateral Against Cash Advances FaceValueOfCollateralAgainstCashAdvances	3368380	USD
CY2015Q3	sund	Collateral As Percentage Of Ni Bs CollateralAsPercentageOfNIBs	0.81	pure
CY2015Q3	sund	Proceeds Allocated To Reimbursement ProceedsAllocatedToReimbursement	547308	USD
CY2015Q3	sund	Proceeds Allocated To Note Receivable Payoff ProceedsAllocatedToNoteReceivablePayoff	239415	USD
CY2015Q3	sund	Proceeds Allocated To Refund Advance Payments ProceedsAllocatedToRefundAdvancePayments	307612	USD
CY2015Q3	us-gaap	Temporary Equity Par Or Stated Value Per Share TemporaryEquityParOrStatedValuePerShare	0.001
CY2015Q3	us-gaap	Temporary Equity Shares Issued TemporaryEquitySharesIssued	93750	shares
CY2015Q1	us-gaap	Temporary Equity Shares Issued TemporaryEquitySharesIssued	0	shares
CY2015Q1	us-gaap	Temporary Equity Par Or Stated Value Per Share TemporaryEquityParOrStatedValuePerShare	0.001
	sund	Refund Of Advance For Investments In Net Insurance Benefits RefundOfAdvanceForInvestmentsInNetInsuranceBenefits	854920	USD
	sund	Refund Of Advance For Investments In Net Insurance Benefits RefundOfAdvanceForInvestmentsInNetInsuranceBenefits		USD
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	1687469	USD
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	1156151	USD
CY2015Q3	sund	Advance For Investments Cash Advances Rate AdvanceForInvestmentsCashAdvancesRate	1.00	pure
	sund	Net Insurance Benefits Received NetInsuranceBenefitsReceived	90600000	USD
	sund	Percentage Of Net Insurance Benefits Received PercentageOfNetInsuranceBenefitsReceived	0.2265	pure
CY2015Q3	sund	Net Insurance Benefits Future Amount NetInsuranceBenefitsFutureAmount	400000000	USD
CY2015Q3	sund	Option Expense Amortized OptionExpenseAmortized	98655	USD
CY2015Q3	sund	Quarterly Amortization Expense Going Forward QuarterlyAmortizationExpenseGoingForward	78728	USD

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$SUND
Sundance Strategies, Inc. Stock $sund

2015 Q4 Form 10-Q Financial Statement

#000154812315000377 Filed on November 10, 2015

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SUND Sundance Strategies, Inc. Stock $sund

2015 Q4 Form 10-Q Financial Statement

#000154812315000377 Filed on November 10, 2015

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SUND
Sundance Strategies, Inc. Stock $sund