Company: PHIL
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011742
Chunk: 0

Company: PHI GROUP INC
Filing Date: 2025-05-20
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)

    March 31,  
    June 30, 

    2025  
    2024 
  
    ASSETS 

    Current Assets 

    Cash and cash equivalents 
    $77  
    $303 
  
    Other current assets 
     -  
     58,333 
  
    Total current assets 
     77  
     58,636 
  
    Other assets: 

    Investments 
     32,445  
     32,220 
  
    Total Assets 
     32,522  
     90,856 

    TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT 

    Current Liabilities 

    Accounts payable 
     632,285  
     626,730 
  
    Sub-fund obligations 
     1,624,775  
     1,624,775 
  
    Accrued expenses 
     2,077,518  
     1,795,874 
  
    Short-term loans and notes payable 
     6,102,306  
     4,460,981 
  
    Convertible Promissory Notes - Institutional Investor 
     5,000  
     5,000 
  
    Due to Officers 
     286,618  
     278,812 
  
    Advances from customers 
     948,964  
     952,650 
  
    Total Liabilities 
     11,677,465  
     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 3/31/2025 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