Sundance Strategies Inc (SUND) financial statements (2021 and earlier)

Company profile

Business Address 4626 NORTH 300 WEST, SUITE 365
PROVO, UT 84604
State of Incorp. NV
Fiscal Year End March 31
SIC 6411 - Insurance Agents, Brokers, and Service (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments161937425336375
Cash and cash equivalents161937425336375
Prepaid expense   5222
Other undisclosed current assets45     
Total current assets:206937927338377
Noncurrent Assets
Other noncurrent assets     3,5963,585
Other undisclosed noncurrent assets    29,82222,77213,118
Total noncurrent assets:    29,82226,36816,703
Other undisclosed assets  534,156   
TOTAL ASSETS:20694234,16529,84926,70717,080
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:75430730750835243753
Accounts payable754307163508352255 
Accrued liabilities  145  182 
Other undisclosed accounts payable and accrued liabilities      53
Debt     1,327 
Due to related parties  830  1,500 
Other undisclosed current liabilities400400  750 90
Total current liabilities:1,1547071,1375081,1023,264143
Noncurrent Liabilities
Long-term debt and lease obligation   700700 1,456
Long-term debt, excluding current maturities   700700 1,456
Liabilities, other than long-term debt   6,7284,012  
Accounts payable and accrued liabilities   754192  
Deferred tax liabilities, net  759   
Due to related parties   5,2153,820  
Other undisclosed noncurrent liabilities2,5861,912     
Total noncurrent liabilities:2,5861,912 7,4284,712 1,456
Total liabilities:3,7402,6191,1377,9365,8143,2641,599
Stockholders' equity
Stockholders' equity attributable to parent, including:(3,720)(2,613)(195)26,22924,03523,44315,481
Common stock38384444444343
Additional paid in capital24,19124,19124,54724,54724,36416,31715,051
Retained earnings (accumulated deficit)(27,949)(26,842)(24,786)1,638(374)(458)(311)
Receivable from shareholders or affiliates for issuance of capital stock      (2)
Other undisclosed stockholders' equity attributable to parent     7,540700
Total stockholders' equity:(3,720)(2,613)(195)26,22924,03523,44315,481
TOTAL LIABILITIES AND EQUITY:20694234,16529,84926,70717,080

Income statement (P&L) ($ in thousands)

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
Revenues   5,7523,9092,454508
Net investment income   5,7523,9092,454 
Financial services revenue    508
Cost of revenue(162)(850)(471)(100)   
Financing interest expense(162)(850)(471)
Financial services costs (100)   
Gross profit:(162)(850)(471)5,6523,9092,454508
Operating expenses(700)(92)(1,569)(2,490)(3,597)(2,338)(2,278)
Other undisclosed operating income (loss)(281)(153)(1,466)100   
Operating income (loss):(1,144)(1,095)(3,506)3,262312116(1,770)
Nonoperating income (expense)(319)(961)(23,678)(491)(228)(263)1,563
Interest and debt expense(157)(94)(257)(391)(233)(287)1,550
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(62) 257391233287(1,550)
Income (loss) from continuing operations before equity method investments, income taxes:(1,682)(2,150)(27,184)2,77184(147)(206)
Other undisclosed income from continuing operations before income taxes21994     
Income (loss) from continuing operations before income taxes:(1,463)(2,056)(27,184)2,77184(147)(206)
Income tax expense (benefit)  759(759)   
Net income (loss) available to common stockholders, diluted:(1,463)(2,056)(26,425)2,01284(147)(206)

Comprehensive Income ($ in thousands)

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
Net income (loss):(1,463)(2,056)(26,425)2,01284(147)(206)
Comprehensive income (loss), net of tax, attributable to parent:(1,463)(2,056)(26,425)2,01284(147)(206)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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