Company: PHIL
Filing Date: 2025-02-19
Form Type: 10-Q
Source: 0001493152-25-007556
Chunk: 8

Company: PHI GROUP INC
Filing Date: 2025-02-19
Form: 10-Q
Item: Part I, Item 1
Chunk 8
---
 December 31, 2024 
     46,873,940,565  
     46,873,941  
     29,109,985  
     600,000  
     600  
     1,840  
     (484,767) 
     (44,170) 
     (35,000) 
     2,090,873  
     (1,937,163) 
     (87,540,740) 
     (11,480,334)
  
    Balance 
     46,873,940,565  
     46,873,941  
     29,109,985  
     600,000  
     600  
     1,840  
     (484,767) 
     (44,170) 
     (35,000) 
     2,090,873  
     (1,937,163) 
     (87,540,740) 
     (11,480,334)

The
accompanying notes form an integral part of these consolidated financial statements

F-4

PHI
GROUP, INC. AND SUBSIDIARIES

NOTES
TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

NOTE
1 – NATURE OF BUSINESS

INTRODUCTION

PHI
Group, Inc. (n/k/a Philux Global Group Inc) (the “Company” or “PHI”) (www.philuxglobal.com) is primarily
engaged in mergers and acquisitions, advancing Philux Global Funds, SCA, SICAV-RAIF, a “Reserved Alternative Investment Fund”
(“RAIF”) under the laws of Luxembourg, and developing the Asia Diamond Exchange in Vietnam. Besides, the Company provides
corporate finance services, including merger and acquisition advisory and consulting services for client companies through our wholly
owned subsidiary Philux Capital Advisors, Inc. (formerly PHI Capital Holdings, Inc.) (www.philuxcapital.com) and invests in selective
industries and special situations aiming to potentially create significant long-term value for our shareholders. Philux Global Funds
intends to include a number of sub-funds for investment in select growth opportunities in the areas of renewable energy, real estate,
infrastructure, healthcare, agriculture, and the Asia Diamond Exchange in conjunction with the International Financial Center in Vietnam.

BACKGROUND