Company: PHIL
Filing Date: 2025-02-19
Form Type: 10-Q
Source: 0001493152-25-007556
Chunk: 0

Company: PHI GROUP INC
Filing Date: 2025-02-19
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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PHI
GROUP, INC. (A/K/A PHILUX GLOBAL GROUP INC.) AND SUBSIDIARIES

CONSOLIDATED
BALANCE SHEETS (UN-AUDITED)

    December 31,  
    June 30, 

    2024  
    2024 
  
    ASSETS 

    Current Assets 

    Cash and cash equivalents 
    $310  
    $303 
  
    Other current assets 
     8,333  
     58,333 
  
    Total current assets 
     8,643  
     58,636 
  
    Other assets: 

    Investments 
     31,200  
     32,220 
  
    Total Assets 
     39,843  
     90,856 

    TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT 

    Current Liabilities 

    Accounts payable 
     628,120  
     626,730 
  
    Sub-fund obligations 
     1,624,775  
     1,624,775 
  
    Accrued expenses 
     1,983,283  
     1,795,874 
  
    Short-term loans and notes payable 
     6,063,081  
     4,460,981 
  
    Convertible Promissory Notes - Institutional Investor 
     5,000  
     5,000 
  
    Due to Officers 
     266,954  
     278,812 
  
    Advances from customers 
     948,964  
     952,650 
  
    Total Liabilities 
     11,520,177  
     9,744,823 

    Stockholders’ deficit: 

  Preferred Stock, $0.001 par value; 500,000,000 shares authorized. 600,000 shares of Class B Series I issued and outstanding as
  of 12/31/2024 and 6/30/2024 respectively. Par value:

600

600

    APIC - Class B Series I 
     1,840  
     1,840 
  
    Total Preferred Stock 
     2,440 
     2,440 

    Common stock, $0.001 par value; 60 billion shares authorized;46,873,940,565 shares
  issued and outstanding on