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| Attached files |
| File | Filename |
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| XML - IDEA: XBRL DOCUMENT - Sundance Strategies, Inc. | R9.htm |
| XML - IDEA: XBRL DOCUMENT - Sundance Strategies, Inc. | R4.htm |
| XML - IDEA: XBRL DOCUMENT - Sundance Strategies, Inc. | R1.htm |
| XML - IDEA: XBRL DOCUMENT - Sundance Strategies, Inc. | R2.htm |
| 10-K - MARCH 31, 2012 10-K - Sundance Strategies, Inc. | f10k033112_10k.htm |
| XML - IDEA: XBRL DOCUMENT - Sundance Strategies, Inc. | R5.htm |
| XML - IDEA: XBRL DOCUMENT - Sundance Strategies, Inc. | R11.htm |
| XML - IDEA: XBRL DOCUMENT - Sundance Strategies, Inc. | R3.htm |
| XML - IDEA: XBRL DOCUMENT - Sundance Strategies, Inc. | R7.htm |
| XML - IDEA: XBRL DOCUMENT - Sundance Strategies, Inc. | R6.htm |
| XML - IDEA: XBRL DOCUMENT - Sundance Strategies, Inc. | R8.htm |
| EXCEL - IDEA: XBRL DOCUMENT - Sundance Strategies, Inc. | Financial_Report.xls |
| EX-32.1 - EXHIBIT 32.1 SECTION 906 CERTIFICATIONS - Sundance Strategies, Inc. | f10k033112_ex32z1.htm |
| EX-31.2 - EXHIBIT 31.2 SECTION 302 CERTIFICATIONS - Sundance Strategies, Inc. | f10k033112_ex31z2.htm |
| EX-31.1 - EXHIBIT 31.1 SECTION 302 CERTIFICATIONS - Sundance Strategies, Inc. | f10k033112_ex31z1.htm |
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SIGNIFICANT RELATED PARTY TRANSACTIONS
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12 Months Ended |
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Mar. 31, 2012
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| SIGNIFICANT RELATED PARTY TRANSACTIONS [Abstract] |
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| SIGNIFICANT RELATED PARTY TRANSACTIONS |
4. SIGNIFICANT RELATED PARTY TRANSACTIONS
As of March 31, 2012, all activities of the Company were conducted by the principal corporate officer from either his home or business office.
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 March 31, 2012 the principal balance was $2,500 with accrued interest of $311. The note maturity dates were February 28, 2012 and March 29, 2012, respectively.
On January 18, 2011, March 14, 2011, June 23, 2011, July 6, 2011 and November 2, 2011 the Company received advances from a related party for $1,000, $1,500, $2,000, $3,300 and $2,500, respectively.
During the year ended March 31, 2008, Globe Energy Technologies, LLC became a majority shareholder (49.7%) of the Company through its purchase of shares from the Company, certain selling shareholders and conversion of a promissory note. Globe Energy Technologies, LLC's Managing Member is Mark Burdge, a director of the Company. |
| X |
- Definition
The entire disclosure for related party transactions, including the nature of the relationship(s), a description of the transactions, the amount of the transactions, the effects of any change in the method of establishing the terms of the transaction from the previous period, stated interest rate, expiration date, terms and manner of settlement per the agreement with the related party, and amounts due to or from related parties. If the entity and one or more other entities are under common ownership or management control and this control affects the operating results or financial position, disclosure includes the nature of the control relationship even if there are no transactions between the entities. Disclosure may also include the aggregate amount of current and deferred tax expense for each statement of earnings presented where the entity is a member of a group that files a consolidated tax return, the amount of any tax related balances due to or from affiliates as of the date of each statement of financial position presented, the principal provisions of the method by which the consolidated amount of current and deferred tax expense is allocated to the members of the group and the nature and effect of any changes in that method. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-Publisher SEC
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.
Reference 4: http://www.xbrl.org/2003/role/presentationRef
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