Company: PHIL
Filing Date: 2025-02-19
Form Type: 10-Q
Source: 0001493152-25-007556
Chunk: 3

Company: PHI GROUP INC
Filing Date: 2025-02-19
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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44,840,792,063  
     42,675,272,063 

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

F-2

PHI
GROUP, INC. AND SUBSIDIARIES 

CONSOLIDATED
STATEMENTS OF CASH FLOWS 

FOR
THE SIX MONTHS ENDED DECEMBER 31, 2024 AND 2023

(UN-AUDITED)

    DECEMBER 31, 

    2024  
    2023 
  
    Cash flows from operating activities: 

    Net income (loss) from operations 
    $(2,025,989) 
    $(4,701,841)
  
    Net change due to non-cash issuances of common stock 
     -  
     1,936,594 
  
    Mark-to-market adjustments 
     -  
     (415)
  
    Adjustments to reconcile net income to net cash used in operating activities 

    (Increase) decrease in assets and prepaid expenses 

    Other (increase) decrease in assets and prepaid expenses 
     50,000  
     - 
  
    Increase (decrease) in accounts payable and accrued expenses 

    Accounts payable 
     1,390  
     2,120 
  
    Accrued expenses (net) 
     187,467  
     1,256,133 
  
    Advances from customers 
     (3,685) 
     - 
  
    Net cash provided by (used in) operating activities 
     (1,790,818) 
     (1,507,409)

    Cash flows from investing activities: 

    Net cash provided by (used in) investing activities 
     -  
     - 
  
    Cash flows from financing activities: 

    Common Stock 
     -  
     474,408 
  
    Common Stock to be issued 
     200,583  
     1,105,888 
  
    Loans and Notes Payable 
     1,590,242  
     (63,210)
  
    Net cash provided by (used in) financing activities 
     1,790,825  
     1,517,086 
  
    Net decrease in cash and cash equivalents 
     7  
     9,677 
  
    Cash and