Company: PHIL
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011742
Chunk: 3

Company: PHI GROUP INC
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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, INC. AND SUBSIDIARIES 

 CONSOLIDATED STATEMENTS OF CASH FLOWS 

FOR THE NINE MONTHS ENDED MARCH 31, 2025 AND 2024

(UNAUDITED)

    MARCH 31, 

    2025  
    2024 
  
    Cash flows from operating activities: 

    Net income (loss) from operations 
    $(2,506,670) 
    $(6,392,270)

     - 
  
    Changes in derivatives and mark-to-market 
     -  
     (121,030)
  
    Stock issuance for cancellation of debts, warrant exercises and service 
     -  
     2,404,786 
  
    Adjustments to reconcile net income to net cash used in operating activities 
     -  

    (Increase) decrease in assets and prepaid expenses 
     -  

    Deferred financing costs 
     -  
     197,366 
  
    Other (increase) decrease in assets and prepaid expenses 
     58,333  
     (82,913)
  
    Increase (decrease) in accounts payable and accrued expenses 
     -  

    Accounts payable 
     5,555  
     5,035 
  
    Accrued expenses (net) 
     281,643  
     807,680 
  
    Sub-fund obligations and contingency commitments 
     (3,685) 
     (69,450)
  
    Advances from customers and client deposits 
     -  
     20,169 
  
    Net cash provided by (used in) operating activities 
     (2,164,824) 
     (3,230,627)

    Cash flows from investing activities: 

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

    Common Stock 
     -  
     1,122,224 
  
    Common Stock to be issued 
     514,016  
     1,084,290 
  
    Loans and Notes Payable 
     1,650,582  
     1,046,092 
  
    Net cash provided by (used in) financing activities 
     2,164,598  
     3,252,606