Company: PHIL
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011742
Chunk: 64

Company: PHI GROUP INC
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 8
Chunk 64
---
 on their actual total contributions.

NOTE
6 – DUE TO OFFICERS

Due
to officer, represents loans and advances made by officers and directors of the Company and its subsidiaries, unsecured and due on demand.
As of March 31, 2025 and June 30, 2024, the balances were $286,618 and $278,812, respectively.

 SCHEDULE OF COMPONENTS OF DUE TO OFFICERS AND DIRECTORS

    Officers/Directors 
    March
    31, 2025  
    June
    30, 2024 
  
    Henry Fahman 
     278,118   
    $278,812 
  
    Steve Truong 
     8,500  
    $- 
  
    Total 
    $286,618   
    $278,812 

NOTE
7 – LOANS AND PROMISSORY NOTES

A.
SHORT TERM NOTES PAYABLE:

In
the course of its business, the Company has obtained short-term loans from individuals and institutional investors.

As of March 31, 2025, Short-term Notes and Loans
Payable consist of $6,102,306 which includes $3,451,050 contingency liabilities due to amendments and extensions of short-term notes,
$43,750 in PPP loan, and $105,482 in Merchant Cash Advance loans. The interest rates on these notes vary.

B.
CONVERTIBLE PROMISSORY NOTES OUTSTANDING AS OF MARCH 31, 2025

As
of March 31, 2025, the Company had a net balance of $5,000 in convertible promissory notes with an institutional investor.

NOTE
8 – BASIC AND DILUTED NET PROFIT (LOSS) PER SHARE

Net
loss per share is calculated in accordance with SFAS No. 128, “Earnings per Share”. Under the provision of SFAS No. 128,
basic net loss per share is computed by dividing the net loss for the period by the weighted-average number of common shares outstanding
for the period. Diluted EPS is based on the weighted-average number of shares of common stock outstanding for the period and common stock
equivalents outstanding at the end of the period. Basic and diluted weighted average numbers of shares for the period ended March 31,
2025 were the same since the inclusion of Common stock equivalents is anti-dilutive.

    F-11

NOTE
9 – STOCKHOLDER’S