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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
NOTES PAYABLE
6 Months Ended
Sep. 30, 2012
NOTES PAYABLE [Abstract]  
NOTES PAYABLE

3. NOTES PAYABLE


On June 3, 2010, the Company entered into a promissory note agreement for $750. The note was payable within eighteen months. The note has a stated interest rate of 8% per annum. As of September 30, 2012, the principal balance was $750 with accrued interest of $140. The note maturity date was December 3, 2011.


On August 30, 2010 and September 29, 2010, the Company entered into promissory note agreements with a related party for $1,500 and $1,000, respectively. The notes have a stated interest rate of 8% per annum. As of September 30, 2012, the principal balance was $2,500 with accrued interest of $411. The note maturity dates were February 28, 2012 and March 29, 2012, respectively.