Company: PHIL
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011742
Chunk: 19

Company: PHI GROUP INC
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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 valued at $44,170 according to cost method.

COMMON
STOCK

During
the quarter ended March 31, 2025, the Company did not issue any Common Stock.

As
of March 31, 2025, there were 46,873,940,565 shares of the Company’s common stock issued and outstanding.

PREFERRED
STOCK

CLASS
B SERIES I PREFERRED STOCK

As
of March 31, 2025, there were 600,000 shares of Class B Series Preferred Stock issued and outstanding.

NOTE
10 – STOCK-BASED COMPENSATION PLAN

On
September 9, 2021, the Company adopted the PHI Group 2021 Employee Benefit Plan and set aside 2,600,000,000 shares of its common stock
to provide a means of non-cash remuneration to selected eligible employees and independent contractors (“Eligible Participants”)
of the Company and its subsidiaries. On September 17, 2021, the Company filed Form S-8 Registration Statement under the Securities Act
of 1933 with the Securities and Exchange Commission to register these shares for the above-mentioned plan. As of March 31, 2025 the Company
has issued a total of 2,407,196,586 shares for consulting services and salaries under the PHI Group 2021 Employee Benefit Plan.

NOTE
11– RELATED PARTY TRANSACTIONS

The
Company recognized a total of $52,500 in salaries for the President and the Secretary & Treasurer of the Company during the quarter
ended March 31, 2025.

Henry
Fahman, Chairman and Chief Executive Officer, and Steve Truong, Director of the Company from time to time lend money to the Company.
These loans are without interest and payable upon demand.

As
of March 31, 2025, the Company still owed the following amounts to Related Parties:

 SCHEDULE
OF RELATED PARTIES

    No.
     
    Name:
     
    Title:
     
    Amount:

    Description:

    1)
     
    Henry
    Fahman
     
    Chairman/CEO
     
    $
    521,796

    Accrued
    salaries

    $
    278,118

    Loans

    2)
     
    Tina
    Phan
     
    Secretary/Treasurer
     
    $
    413,799

    Accrued
    salaries