Company: PHIL
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011742
Chunk: 7

Company: PHI GROUP INC
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 7
---
 
     (87,540,740) 
     (11,480,334)

    Common shares issued for
    conversion of note by 1800 Diagonal Lending LLC 
     -  
     -  
     -  
     -  
     -  
     -  
     -   
     -  
     -  
     -  
     -  
     -  
     - 

    Balance as of March 31, 2025 
     46,873,940,565  
     46,873,941  
     29,109,985  
     600,000  
     600  
     1,840  
     (484,767) 
     (44,170) 
     (35,000) 
     2,404,306  
     (1,935,918) 
     (88,020,027) 
     (11,644,943)
  
    Balance 
     46,873,940,565  
     46,873,941  
     29,109,985  
     600,000  
     600  
     1,840  
     (484,767) 
     (44,170) 
     (35,000) 
     2,404,306  
     (1,935,918) 
     (88,020,027) 
     (11,644,943)

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