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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
STATEMENTS OF CASH FLOWS (USD $)
6 Months Ended 130 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Cash Flows From Operating Activities:      
Net Loss $ (7,564) $ (6,503) $ (512,144)
Adjustments to reconcile net loss to net cash used by operating activities:      
Depreciation       26,606
Stock issued for interest on note       98
Gain on settlement of debt       (6,000)
Gain on sale of equipment       (6,754)
Loss on sale of investments       23,019
Changes in Operating Assets and Liabilities:      
Increase (decrease) in accounts payable (1,225) 485 635
Decrease in accounts payable-related party-services       6,000
Increase in accrued interest 130 130 36,313
Net Cash Used In Operating Activities: (8,659) (5,888) (432,227)
Cash Flows From Investing Activities:      
Cash acquired in acquisition       6,245
Proceeds from sale of equipment       18,390
Purchase of furniture and fixtures       (23,088)
Purchase of equipment       (53,500)
Net Cash Used In Investing Activities:       (51,953)
Cash Flows From Financing Activities:      
Proceeds from sale of common stock       208,566
Capital contributed by shareholder-cash       12,942
Proceeds from advances from related parties 9,750 5,300 20,050
Proceeds from note payable       247,208
Proceeds from notes payable-related party       2,500
Payment of note       (5,748)
Net Cash Provided By Financing Activities 9,750 5,300 485,518
Net (Decrease) Increase In Cash 1,091 (588) 1,338
Cash at Beginning of Period 247 878  
Cash at the End of Period 1,338 290 1,338
Supplemental Disclosures of Cash Flow Information:      
Cash paid for interest       290
Cash paid for income taxes         
Supplemental Disclosure of Non-Cash Investing and Financing Activities:      
Notes payable converted to common stock       240,055
Stock issued in acquisition       27,433
Fixed assets exchanged for services       5,345
Fixed assets exchanged for investments       51,597
Fixed assets exchanged for payment of notes       22,935
Investments exchanged for notes       $ 6,860