Company: PHIL
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011742
Chunk: 94

Company: PHI GROUP INC
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 8
Chunk 94
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 in the amount of $166,905 from his loan of $7,500
to the Company on October 23, 2023 and in the amount of $25,000 from his Private Stock Purchase Agreements dated July 10, 2023 for $15,000
and July 28, 2023 for $10,000, respectively. The Company has accounted for contingencies in connection with this loan and intends to
negotiate with this shareholder to reach a fair and reasonable settlement of this matter.

ITEM
1A. RISK FACTORS

Investment
in our securities is subject to various risks, including risks and uncertainties inherent in our business. The following sets forth factors
related to our business, operations, financial position or future financial performance or cash flows which could cause an investment
in our securities to decline and result in a loss.

General
Risks Related to Our Business

Our
success depends on our management team and other key personnel, the loss of any of whom could disrupt our business operations.

Our
future success will depend in substantial part on the continued service of our senior management and certain external experts. The loss
of the services of one or more of our key personnel and/or outside experts could impede implementation and execution of our business
strategy and result in the failure to reach our goals. We do not carry key person life insurance for any of our officers or employees.
Our future success will also depend on the continued ability to attract, retain and motivate highly qualified personnel in the diverse
areas required for continuing our operations. We cannot assure that we will be able to retain our key personnel or that we will be able
to attract, train or retain qualified personnel in the future.

12

Risks
Related to Mergers and Acquisitions

Our
strategy in mergers and acquisitions involves a number of risks and we have a limited history of successful acquisitions. Even when an
acquisition is completed, we may have to continue our service for integration that may not produce results as positive as management
may have projected.

The
Company continues evaluating various opportunities and negotiating to acquire other companies, assets and technologies. Acquisitions
entail numerous risks, including difficulties in the assimilation of acquired operations and products, diversion of management’s
attention from other business concerns, amortization of acquired intangible assets and potential loss of key employees of acquired companies.
We have limited experience in assimilating acquired organizations into our operations. Although potential synergy may be achieved by
acquisitions of related technologies