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EXCEL - IDEA: XBRL DOCUMENT - Sundance Strategies, Inc.Financial_Report.xls
10-Q/A - SEPTMEBR 30, 2012 10-Q/A - Sundance Strategies, Inc.f10qa093012_10qz.htm
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v2.4.0.6
GOING CONCERN
6 Months Ended
Sep. 30, 2012
GOING CONCERN [Abstract]  
GOING CONCERN

5. GOING CONCERN


Generally accepted accounting principles in the United States of America contemplate the continuation of the Company as a going concern. However, the Company had a net loss for the period ended September 30, 2012, of $7,564. Additionally it has accumulated operating losses since its inception and has limited business operations, which raises substantial doubt about the Company's ability to continue as a going concern. The continuation of the Company is dependent upon the continuing financial support of investors and stockholders of the Company. The Company intends to attempt to acquire additional operating capital through private equity offerings to the public and existing investors to fund its business plan. However, there is no assurance that equity or debt offerings will be successful in raising sufficient funds to assure the eventual profitability of the Company. The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts of and classification of liabilities that might be necessary in the event the Company cannot continue in existence.