Philux Global (PHIL) 10-K 1 Oct 15 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Jun. 30, 2015	Sep. 30, 2015
Document And Entity Information
Entity Registrant Name	PHI GROUP INC
Entity Central Index Key	704,172
Document Type	10-K
Document Period End Date	Jun. 30, 2015
Amendment Flag	false
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Current Fiscal Year End Date	--06-30
Entity Filer Category	Smaller Reporting Company
Entity Public Float		$ 0
Entity Common Stock, Shares Outstanding		9,584,675
Trading Symbol	PHIL
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,015

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Current assets:
Cash and cash equivalents	$ 10,654	$ 30,623
Marketable securities	350,556	261,360
Loans receivable	$ 9,841	8,832
Other current assets		0
Total current assets	$ 371,051	300,815
Other assets:
Other assets	$ 77,729	70,243
Other Receivable		73,043
Total other assets	$ 77,729	143,286
Total Assets	448,780	444,100
Current liabilities:
Accounts payable	131,454	526,885
Accrued expenses	4,253,280	4,028,422
Short-term notes payable	1,342,618	1,346,721
Due to officers	1,879,458	1,858,402
Due to preferred stockholders	215,000	215,000
Advances from customers	563,219	563,219
Liabilities from discontinued operations	1,045,232	1,046,632
Total current liabilities	$ 9,430,260	$ 9,585,282
Stockholders' deficit:
Preferred stock, $.001 par value, 100,000,000 shares authorized; none issued and outstanding
Common stock, $.001 par value; 300,000,000 shares authorized; 9,584,675 issued and 3,911,348 outstanding on 06/30/2015, and 12,412,114 issued and 6,729,656 outstanding on 6/30/2014, respectively, adjusted for 1 for 1,500 reverse split effective March 15, 2012.	$ 237,447	$ 240,267
Treasury stock, $.001 par value, 3,289 and 2,987 shares as of 06/30/2015 and 6/30/2014.	(3,801)	(3,801)
Paid-in capital	28,365,269	28,286,521
Acc. other comprehensive gain (loss)	99,341	(709,183)
Accumulated deficit	(37,679,736)	(36,954,987)
Total stockholders' deficit	(8,981,480)	(9,141,182)
Total liabilities and stockholders' deficit	$ 448,780	$ 444,100

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2015	Jun. 30, 2014	Mar. 15, 2012
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	100,000,000	100,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	300,000,000	300,000,000
Common stock, shares issued	9,584,675	12,412,114
Common stock, shares outstanding	3,911,348	6,729,656
Common stock adjusted for Reverse Split for one Share			1,500
Treasury stock, par value	$ 0.001	$ 0.001
Treasury stock, shares common stock	3,289	2,987

Consolidated Statement of Opera

Consolidated Statement of Operations - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Net revenues
Consulting, advisory and management services	$ 127,178	$ 77,439
Operating expenses:
Salaries and wages	239,558	243,418
Professional services, including non-cash compensation	75,398	41,262
General and administrative	118,135	96,801
Total operating expenses	433,090	381,481
Income (loss) from operations	(305,912)	(304,042)
Other income and expenses
Interest expense	(319,315)	(323,782)
Gain (loss) on sale of marketable securities	(45,176)	(30)
Gain (loss) on settlement of debts	(25,845)	372,278
Other income (expense)	(672,667)	(418)
Net other income (expenses)	(1,063,003)	48,048
Net loss	(1,368,915)	(255,994)
Other comprehensive income (loss)
Accumulated other comprehensive gain (loss)	99,341	(709,183)
Comprehensive income (loss)	$ (1,269,574)	$ (965,177)
Net loss per share:
Basic	$ (0.21)	$ (0.04)
Diluted	$ (0.21)	$ (0.04)
Weighted average number of shares outstanding:
Basic	6,573,093	6,520,933
Diluted	6,573,093	6,520,933

Statement of Stockholders' Equi

Statement of Stockholders' Equity (Deficit) - USD ($)	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-In Capital [Member]	Shares To Be Issued [Member]	Other Comprehensive Income / (Loss) [Member]	Accumulated (Deficit) [Member]	Total
Balance at Jun. 30, 2012	$ 233,719	$ (1)	$ 26,756,379	$ 57,000	$ (554,619)	$ (35,814,954)	$ (9,322,477)
Balance, shares at Jun. 30, 2012	180,689	(887)
Shares issued for conversions of notes	$ 2,365		1,156,303	$ (57,000)			1,101,668
Shares issued for conversions of notes, shares	2,365,208
Shares issued for consulting	$ 45						45
Shares issued for consulting, shares	44,763
Shares issued for investment	$ 3,288						3,288
Shares issued for investment, shares	3,288,443
Shares issued for sale	$ 101		39,899				40,000
Shares issued for sale, shares	100,887
Purchase of Treasury Stock		$ (3,801)					(3,801)
Purchase of Treasury Stock, shares		(2,100)
Acc. Other Comprehensive Loss					(142,376)		(142,376)
Net income (loss) for the year						(884,047)	(884,047)
Balance at Jun. 30, 2013	$ 239,518	$ (3,801)	27,952,581		(142,376)	(36,699,002)	(9,207,699)
Balance, shares at Jun. 30, 2013	5,979,990	(2,987)
Shares issued for conversion of notes on Jul 01, 2013	$ 413		177,527				177,940
Shares issued for conversion of notes on Jul 01, 2013, shares	412,569
Shares issued for conversion of note on Feb 11, 2014	$ 337	$ 0	156,413				156,750
Shares issued for conversion of note on Feb 11, 2014, shares	337,097
Acc. Other Comprehensive Loss					(709,183)		(709,183)
Net income (loss) for the year						(255,994)	(255,994)
Balance at Jun. 30, 2014	$ 240,268	$ (3,801)	28,286,521		(709,183)	(36,954,987)	(9,141,182)
Balance, shares at Jun. 30, 2014	6,729,656	(2,987)
Shares issued for conversion of notes on Aug 27, 2014	$ 91		27,341				27,432
Shares issued for conversion of notes on Aug 27, 2014, shares	91,440
Shares issued for conversion of notes on Jan 22, 2015	$ 77		30,743				30,820
Shares issued for conversion of notes on Jan 22, 2015, shares	77,049
Shares issued for cash on Feb 11,2015	$ 300		20,700				21,000
Shares issued for cash on Feb 11,2015, shares	300,000
Cancellation of shares issued for investment - 5/18/15	$ (3,288)						(3,288)
Cancellation of shares issued for investment - 5/18/15, shares	(3,288,443)
Adjustment for Common Stock	$ 2						2
Adjustment for Common Stock, shares	1,646
Adjustment for Treasury Stock		$ 0	(36)				(36)
Adjustment for Treasury Stock, shares		(302)
Acc. Other Comprehensive Loss					99,341		99,341
Net income (loss) for the year						(1,368,915)	(1,368,915)
Balance at Jun. 30, 2015	$ 237,449	$ (3,801)	$ 28,365,269		$ 99,341	$ (37,679,736)	$ (8,981,480)
Balance, shares at Jun. 30, 2015	3,911,348	(3,289)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash flows from operating activities:
Net income (loss) from operations	$ (1,368,915)	$ (255,994)
Changes in operating assets and liabilities:
(Increase) decrease in other assets and prepaid expenses	(85,206)	24,758
Increase (decrease) in accounts payable and accrued expenses	(155,232)	(748,439)
Net cash provided by (used in) operating activities	(1,609,353)	$ (979,676)
Cash flows from investing activities:
Receivable from discontinued operations	73,043
Deposit for acquisition	(4,936)
Investment in joint venture	(2,550)	$ 99,160
Net cash provided by (used in) investing activities	65,557	99,160
Cash flows from financing activities:
Proceeds from common stock	$ 75,927	334,690
Payments on notes payable		$ (127,756)
Change in Accum. other comprehensive income (loss)	$ 808,524
Change in Accumulated Deficit	$ 639,376
Decrease in minority interest		$ 704,205
Net cash provided by (used in) financing activities	$ 1,523,827	911,139
Net decrease in cash and cash equivalents	(19,969)	$ 30,623
Cash and cash equivalents, beginning of period	30,623
Cash and cash equivalents, end of period	$ 10,654	$ 30,623

Nature of Business

Nature of Business	12 Months Ended
	Jun. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Business	NOTE 1 NATURE OF BUSINESS Established in June 1982, PHI Group, Inc. (the “Company” or “PHI”) is a Nevada corporation primarily engaged in energy and natural resources ( www.phiglobal.com www.phicapitalholdings.com The Company, originally incorporated under the name of JR Consulting, Inc., was initially engaged in mergers and acquisitions and had an operating subsidiary, Diva Entertainment, Inc., which operated two modeling agencies, one in New York and one in California. Following the business combination with Providential Securities, Inc., a California-based brokerage firm, in late 1999 the Company changed its name to Providential Securities, Inc. (Nevada) in January 2000. The Company then changed its name to Providential Holdings, Inc. in February 2000. In October 2000, Providential Securities withdrew its securities brokerage membership and ceased its financial services business. Subsequently, in April 2009, the Company changed its name to PHI Group, Inc. From October 2000 to October 2011, the Company was engaged in mergers and acquisitions advisory and consulting services, real estate and hospitality development, mining, oil and gas, telecommunications, technology, healthcare, private equity, and special situations. Beginning October 2011, the Company discontinued the operations of Providential Vietnam Ltd., Philand Ranch Limited (together with its subsidiaries Philand Ranch - Singapore, Philand Corporation and Philand Vietnam Ltd.), PHI Gold Corporation (formerly PHI Mining Corporation), and PHI Energy Corporation, and has been mainly focusing on energy business and natural resources, including investing in and/or developing energy assets, independent power plant projects, renewable energy, industrial minerals, and international trade. In addition, PHI Capital Holdings, Inc., the Company’s wholly owned subsidiary, continues to provide corporate and project finance services, including merger and acquisition (M&A) advisory and consulting services and arranging capital for companies in a variety of industries. No assurances can be made that the Company will be successful in achieving its plan.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	NOTE 2 PRINCIPLES OF CONSOLIDATION The consolidated financial statements include the accounts of PHI Group, Inc., its wholly owned subsidiary PHI Capital Holdings, Inc., and its discontinued operations Providential Securities, Inc., PHI Energy Corporation, PHI Gold Corp, Providential Vietnam Ltd. and Philand Ranch Limited (including its 100% owned subsidiary Philand Corporation and Philand Vietnam Ltd), collectively referred to as the “Company”. All significant inter-company transactions have been eliminated in consolidation. Provimex, Inc. and Touchlink Communications are inactive. USE OF ESTIMATES The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. CASH AND CASH EQUIVALENTS The Company considers all liquid investments with a maturity of three months or less from the date of purchase that are readily convertible into cash to be cash equivalents. MARKETABLE SECURITIES The Company’s securities are classified as available-for-sale and, as such, are carried at fair value. Securities classified as available-for-sale may be sold in response to changes in interest rates, liquidity needs, and for other purposes. Each investment in marketable securities represents less than twenty percent (20%) of the outstanding common stock and stock equivalents of the investee, and each security is nationally quoted on the FINRA’S OTC Bulletin Board (“OTCBB”) or the OTC Markets. As such, each investment is accounted for in accordance with the provisions of ASC 320 (previously SFAS No. 115). Unrealized holding gains and losses for available-for-sale securities are excluded from earnings and reported as a separate component of stockholder’s equity. Realized gains and losses for securities classified as available-for-sale are reported in earnings based upon the adjusted cost of the specific security sold. On June 30, 2015 and 2014 the marketable securities have been recorded at $350,556 and $261,360, respectively based upon the fair value of the marketable securities at that time. ACCOUNTS RECEIVABLE Management reviews the composition of accounts receivable and analyzes historical bad debts. As of June 30, 2015, the Company had no accounts receivable. IMPAIRMENT OF LONG-LIVED ASSETS Effective January 1, 2002, the Company adopted ASC 350 (Previously SFAS 144, “Accounting for the Impairment or Disposal of Long-Lived Assets”), which addresses financial accounting and reporting for the impairment or disposal of long-lived assets and supersedes SFAS No. 121, “Accounting for the Impairment of Long-Lived Assets and for Long-Lived Assets to be Disposed Of,” and the accounting and reporting provisions of APB Opinion No. 30, “Reporting the Results of Operations for a Disposal of a Segment of a Business.” The Company periodically evaluates the carrying value of long-lived assets to be held and used in accordance with ASC 350. ASC 350 requires impairment losses to be recorded on long-lived assets used in operations when indicators of impairment are present and the undiscounted cash flows estimated to be generated by those assets are less than the assets’ carrying amounts. In that event, a loss is recognized based on the amount by which the carrying amount exceeds the fair market value of the long-lived assets. Loss on long-lived assets to be disposed of is determined in a similar manner, except that fair market values are reduced for the cost of disposal. PROPERTY AND EQUIPMENT Property and equipment are stated at cost. Maintenance and repair costs are charged to expense as incurred; costs of major additions and betterments are capitalized. When property and equipment are sold or otherwise disposed of, the cost and related accumulated depreciation are eliminated from the accounts and any resulting gain or loss is reflected in income. Depreciation is computed using the straight-line method over the estimated useful lives of the assets, ranging from three to ten years. DEPRECIATION AND AMORTIZATION The cost of property and equipment is depreciated over the estimated useful lives of the related assets. Depreciation and amortization of fixed assets are computed on a straight-line basis. NET EARNINGS (LOSS) PER SHARE The Company adopted the provisions of ASC 260 (previously SFAS 128). ASC 260 eliminates the presentation of primary and fully diluted earnings per share (“EPS”) and requires presentation of basic and diluted EPS. Basic EPS is computed by dividing income (loss) available to common stockholders 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. The net earnings (loss) per share is computed as follows: 2015 2014 Basic and diluted net loss per share: Numerator: Net income (loss) $ (1,368,915 ) $ (255,994 ) Denominator: Basic weighted average number of common shares outstanding (adjusted for 1:1,500 reverse split) 6,573,093 6,520,933 Basic net income (loss) per share $ (0.21 ) $ (0.04 ) Diluted weighted average number of common shares outstanding (adjusted for 1:1,500 reverse split) 6,573,093 6,520,933 Diluted net income (loss) per share $ (0.21 ) $ (0.04 ) STOCK-BASED COMPENSATION Effective July 1, 2006, the Company adopted ASC 718-10-25 (previously SFAS 123R) and accordingly has adopted the modified prospective application method. Under this method, ASC 718-10-25 is applied to new awards and to awards modified, repurchased, or cancelled after the effective date. Additionally, compensation cost for the portion of awards that are outstanding as of the date of adoption for which the requisite service has not been rendered (such as unvested options) is recognized over a period of time as the remaining requisite services are rendered. FAIR VALUE OF FINANCIAL INSTRUMENTS Fair Value - Definition and Hierarchy Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Assets and liabilities measured at fair value are categorized based on whether or not the inputs are observable in the market and the degree that the inputs are observable. The categorization of financial assets and liabilities within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. A fair value hierarchy for inputs is used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs are to be used when available. Valuation techniques that are consistent with the market or income approach are used to measure fair value. The fair value hierarchy is categorized into three levels based on the inputs as follows: Level 1 Level 2 Level 3 Fair value is a market-based measure, based on assumptions of prices and inputs considered from the perspective of a market participant that are current as of the measurement date, rather than an entity-specific measure. Therefore, even when market assumptions are not readily available, the Company’s own assumptions are set to reflect those that market participants would use in pricing the asset or liability at the measurement date. The availability of valuation techniques and observable inputs can vary from investment to investment and are affected by a wide variety of factors, including; type of investment, whether the investment is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the transaction. To the extent that valuation is based upon models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Because of the inherent uncertainty of valuation, those estimated values may be materially higher or lower than the values that would have been used had a ready market for the investments existed. Accordingly, the degree of judgment exercised by the Fund in determining fair value is greatest for investments categorized in Level 3. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level in the fair value hierarchy in which the fair value measurement falls in its entirety is determined based upon the lowest level input that is significant to the fair value measurement. Fair Value - Valuation Techniques and Inputs The Company holds and may invest public securities traded on public exchanges or over-the-counter (OTC), private securities, real estate, convertible securities, interest bearing securities and other types of securities and has adopted specific techniques for their respective valuations. Equity Securities in Public Companies Unrestricted The Company values investments in securities that are freely tradable and listed on major securities exchanges at their last reported sales price as of the valuation date. To the extent these securities are actively traded and valuation adjustments are not applied, they are categorized in Level 1 of the fair value hierarchy. Securities traded on inactive markets or valued by reference to similar instruments are generally categorized in Level 2 or 3 of the fair value hierarchy. Restricted Securities traded on public exchanges or over-the-counter (OTC) where there are formal restrictions that limit (i.e. Rule 144 holding periods and underwriter’s lock-ups) their sale shall be valued at the closing price on the date of valuation less applicable discounts. The Company may apply a discount to securities with Rule 144 restrictions. Additional discounts may be assessed if the Company believes there are other mitigating factors which warrant the additional discounting. When determining potential additional discounts, factors that will be taken into consideration include, but are not limited to; securities’ trading characteristics, volume, length and overall impact of the restriction as well as other macro-economic factors. Valuations should be discounted appropriately until the securities may be freely traded. If it has been determined that the exchange or OTC listed price does not accurately reflect fair market value, the Company may elect to treat the security as a private company and apply an alternative valuation method. Investments in restricted securities of public companies may be included in Level 2 of the fair value hierarchy. However, to the extent that significant inputs used to determine liquidity discounts are not observable, investments in restricted securities in public companies may be categorized in Level 3 of the fair value hierarchy. The Company’s financial instruments primarily consist of cash and cash equivalents, accounts receivable, marketable securities, and accounts payable. As of the balance sheet dates, the estimated fair values of the financial instruments were not materially different from their carrying values as presented on the balance sheet. This is primarily attributed to the short maturities of these instruments. Effective July 1, 2008, the Company adopted ASC 820 (previously SFAS 157), Fair Value Measurements Assets measured at fair value on a recurring basis are summarized below. The Company has no financial liabilities measured at fair value on a recurring basis. Available-for-sale securities Securities Available for Sale Level 1 Level 2 Level 3 Total 30-Jun-15 $ 16,828 $ 301,562 $ 32,166 $ 350,556 30-Jun-14 $ 0 $ 75,595 $ 185,765 $ 261,360 The Company uses various approaches to measure fair value of available-for-sale securities, while applying the three-level valuation hierarchy for disclosures, specified in ASC 820. Our Level 1 securities were measured using the quoted prices in active markets for identical assets and liabilities. The company’s policy regarding the transfers in and/or out of Level 3 depends on the trading activity of the security, the volatility of the security, and other observable units which clearly represents the fair value of the security. If a level 3 security can be measured using a more fairly represented fair value, we will transfer these securities either into Level 1 or Level 2, depending on the type of inputs. REVENUE RECOGNITION The Company’s revenue recognition policies are in compliance with ASC 13 (previously Staff accounting bulletin (SAB) 104). The Company recognizes consulting and advisory fee revenues when the transaction is completed and the service fees are earned. Expenses are recognized in the period in which the corresponding liability is incurred. Payments received before all of the relevant criteria for revenue recognition are recorded as unearned revenue. ADVERTISING The Company expenses advertising costs as incurred. Advertising costs for the years ended June 30, 2015 and 2014 were $4,350 and $5,195 respectively. COMPREHENSIVE INCOME (LOSS) ASC 220-10-45 (previously SFAS 130, Reporting Comprehensive Income) establishes standards for reporting and display of comprehensive income, its components and accumulated balances. Comprehensive income is defined to include all changes in equity, except those resulting from investments by owners and distributions to owners. Among other disclosures, SFAS No. 130 requires that all items that are required to be recognized under current accounting standards as components of comprehensive income be reported in a financial statement that is displayed with the same prominence as other financial statements. As of June 30, 2015 and 2014, respectively, accumulated other comprehensive income of $99,341 and accumulated other comprehensive loss of $709,183 are presented on the accompanying consolidated balance sheets. INCOME TAXES The Company accounts for income taxes in accordance with ASC 740 (previously SFAS No. 109, “Accounting for Income Taxes”). Deferred taxes are provided on the liability method whereby deferred tax assets are recognized for deductible temporary differences, and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. REPORTING OF SEGMENTS ASC 280 (previously Statement of Financial Accounting Standards No. 131, Disclosures about Segments of an Enterprise and Related Information), which supersedes Statement of Financial Accounting Standards No. 14, Financial Reporting for Segments of a Business Enterprise, establishes standards for the way that public enterprises report information about operating segments in annual financial statements and requires reporting of selected information about operating segments in interim financial statements regarding products and services, geographic areas and major customers. ASC 280 defines operating segments as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance. The Company operated in one segment that generated revenues during the years ended June 30, 2015 and 2014. RISKS AND UNCERTAINTIES In the normal course of business, the Company is subject to certain risks and uncertainties. The Company provides its service and receives marketable securities upon execution of transactions. Consequently, the value of the securities received from customers can be affected by economic fluctuations and each customer’s business growth. The actual realized value of these securities could be significantly different than recorded value. RECENT ACCOUNTING PRONOUNCEMENTS Update No. 2013-11—Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists July 2013 Effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. For nonpublic entities, the amendments are effective for fiscal years, and interim periods within those years, beginning after December 15, 2014. Early adoption is permitted. Update No. 2013-09— Fair Value Measurement (Topic 820): Deferral of the Effective Date of Certain Disclosures for Nonpublic Employee Benefit Plans in Update No. 2011-04 July 2013 The deferral in this amendment is effective upon issuance for financial statements that have not been issued. Update No. 2013-07— Presentation of Financial Statements (Topic 205): Liquidation Basis of Accounting April 2013 Effective for entities that determine liquidation is imminent during annual reporting periods beginning after December 15, 2013. Early adoption is permitted. Update No. 2013-04— Liabilities (Topic 405): Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation Is Fixed at the Reporting Date February 2013 Effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. For nonpublic entities, the amendments are effective for fiscal years ending after December 15, 2014, and interim periods and annual periods thereafter. Update 2013-02— Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income February 2013 For public entities, the amendments are effective prospectively for reporting periods beginning after December 15, 2012. For nonpublic entities, the amendments are effective prospectively for reporting periods beginning after December 15, 2013. Early adoption is permitted. Update 2013-01— Balance Sheet (Topic 210): Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities January 2013 An entity is required to apply the amendments for fiscal years beginning on or after January 1, 2013, and interim periods within those annual periods. An entity should provide the required disclosures retrospectively for all comparative periods presented. The effective date is the same as the effective date of Update 2011-11. The Company has either evaluated or is currently evaluating the implications, if any, of each of these pronouncements and the possible impact they may have on the Company’s financial statements. In most cases, management has determined that the pronouncement has either limited or no application to the Company and, in all cases, implementation would not have a material impact on the financial statements taken as a whole.

Loans Receivable

Loans Receivable	12 Months Ended
	Jun. 30, 2015
Receivables [Abstract]
Loans Receivable	NOTE 3 Loans receivable consist of the following at June 30, 2015 and 2014: June 30, 2015 June 30, 2014 Loan to Catalyst Resource Group 5,140 3,932 Loan to Provimex, Inc. 2,000 2,000 Loan to Catthai Corp. 2,700 2,700 Total $ 9,841 $ 8,632

Other Assets

Other Assets	12 Months Ended
	Jun. 30, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Assets	NOTE 4 The Other Assets comprise of the following as of June 30, 2015 and 2014: 2015 2014 Loans Receivable $ 66,955 $ 66,955 Shares issued for investment $ - $ 3,288 Receivable from discontinued operations $ - $ 73,043 Deposits for acquisitions $ 8,224 - Investment in Cornerstone Biomass Corp. $ 2,550 - Total Other Assets $ 77,729 $ 143,286 During the fiscal year ended June 30, 2011, Philand Vietnam Ltd., a wholly owned subsidiary of the Philand Ranch Ltd., made a security deposit in the amount of $172,203 to the Chu Lai Open Economic Zone Authority, Quang Nam Province, Vietnam as a guarantee for the Pointe91 development project at Bien Rang, Chu Lai, Nui Thanh District, Quang Nam Province, Vietnam. This amount was later transferred to Ky Ha Chu Lai Investment and Development LLC (“KHCLIDC”) as a deposit for the clearing of land and resettlement of residents in the Pointe91 project area. As a result of the discontinuance of the Pointe91 development project, the Company was supposed to receive the refund of the deposit amount, less any expenses incurred in connection with the land clearing and resettlement activity. Philand Vietnam Ltd. received repayments from KHCLIDC totaling approximately $99,160 as of June 30, 2014 and wrote off the balance of $73,043 as of June 30, 2015. During the year ended June 30, 2011, the Company signed a consulting agreement to assist Agent155 Media Corp., a Delaware corporation, with respect to its corporate restructuring and business combination with Freshwater Technologies, Inc., a Nevada corporation. As part of the restructuring requirements, the Company made payment to Manning Elliot LLP in the amount of $24,476 on behalf of Freshwater Technologies, Inc. and other loan amounts to Agent155 Media Corp. As of June 30, 2014, the President of Agent155 Media Corp. assumed the balance of $66,955 from Agent155 Media Corp. as his personal obligations to the Company. On January 10, 2013, the Company issued 3,288,443 shares of its restricted Common Stock for deposit towards the total purchase price of the 70% equity interest in PT Tambang Sekarsa Adadaya. We recorded the value of these shares at par for a total of $3,288. These shares were cancelled during the last quarter of the fiscal year ended June 30, 2015. As of June 30, 2015, the total amounts owed by the President of Agent155 Media Corp., the deposit for acquisition and the investment in a subsidiary were collectively reported as Other Assets totaling $77,729.

Marketable Equity Securities Av

Marketable Equity Securities Available for Sale	12 Months Ended
	Jun. 30, 2015
Investments, Debt and Equity Securities [Abstract]
Marketable Equity Securities Available for Sale	NOTE 5 MARKETABLE EQUITY SECURITIES AVAILABLE FOR SALE The Company’s marketable securities are classified as available-for-sale and, as such, are carried at fair value. All of the securities are comprised of shares of common stock of the investee. Securities classified as available-for-sale may be sold in response to changes in interest rates, liquidity needs, and for other purposes. Each investment in marketable securities represents less than twenty percent (20%) of the outstanding common stock and stock equivalents of the investee, and each security is nationally quoted on the National Association of Securities Dealers OTC Bulletin Board (“OTCBB”) or the Pink Sheets. As such, each investment is accounted for in accordance with the provisions of SFAS No. 115. Marketable securities classified as available for sale as of June 30, 2015 consisted of 38,197,971 shares of Myson Group, Inc. (formerly Vanguard Mining Corporation), a public company traded on the OTC Markets (Trading symbol: MYSN) and 900 shares of Intel Corporation, (NASDAQ:INTC). The fair value of the marketable securities recorded as of June 30, 2015 was $350,556. Level 1 Level 2 Quoted Other Level 3 Prices in Significant Significant Active Observable Unobservable Investments Markets Inputs Inputs Total Cash Equivalents $ - - - - Marketable Securities $ 16,828 $ 301,561 $ 32,167 $ 350,556 Total $ 16,828 $ 301,561 $ 32,167 $ 350,556 Changes in Unrealized Gain (Loss) Balance Realized Unrealized Net Balance for Investments 06/30/14 Gain or Gain or Purchases 06/30/15 still held at Assets (Net) (Loss) (Loss) (Sales) (Net) 6/30/15 Marketable Securities $ 261,360 $ (45,176 ) $ 184,200 $ 48,955 $ 350,556 $ 184,200 Total $ 261,360 $ (45,176 ) $ 184,200 $ 48,955 $ 350,556 $ 184,200 During the fiscal year ended June 30, 2015, a total of 3,833,360 shares of Myson Group, Inc. (formerly Vanguard Mining Corp.) were transferred from level 3 to level 2 due to reclassification from restricted to unrestricted status. Based on the cost basis of $0.025 and the price of $0.050 of these securities at the time of transfer, the net increase in the market value of these securities at the time of transfer was $95,834. Name Trading Number Cost Date of Market price Change in of Securities Symbol of shares basis transfer at transfer value at transfer Myson Group, Inc. MYSN 3,833,360 $ 0.0250 3/19/15 $ 0.0500 $ 95,834 The change in unrealized appreciation (depreciation) related to the Level 2 investments still held at June 30, 2015 is $184,200. Level 2 securities sold during the year were sold at net realized loss of ($45,176).

Property and Equipment

Property and Equipment	12 Months Ended
	Jun. 30, 2015
Property, Plant and Equipment [Abstract]
Property and Equipment	NOTE 6 As of June 30, 2015 and June 30, 2014 the Company did not have any property or equipment.

Discontinued Operations

Discontinued Operations	12 Months Ended
	Jun. 30, 2015
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	NOTE 7 As of June 30, 2012, the Company decided to recognize the businesses of PHI Gold Corp. (formerly PHI Mining Corporation), Providential Vietnam Ltd., PHI Energy Corp., and Philand Ranch Ltd., a United Kingdom corporation, together with its wholly-owned subsidiaries Philand Corporation (USA), Philand Ranch Ltd. (Singapore) and Philand Vietnam Ltd. as discontinued operations for practical business and accounting purposes. As of June 30, 2013, the Company recorded a total of $2,234,327 for the liabilities and potential liability contingencies and wrote off all non-performing assets associated with these discontinued operations. As of June 30, 2015, the Company had a balance of $1,045,232 as Liabilities from Discontinued Operations.

Accounts Payable and Accrued Ex

Accounts Payable and Accrued Expenses	12 Months Ended
	Jun. 30, 2015
Payables and Accruals [Abstract]
Accounts Payable and Accrued Expenses	NOTE 8 The accounts payable and accrued expenses at June 30, 2015 and 2014 consist of the following: June 30, 2015 June 30, 2014 Accounts payable 131,454 526,885 Accrued salaries and payroll taxes 849,279 556,861 Accrued interest 3,031,152 2,874,509 Accrued legal expenses 172,091 396,294 Accrued consulting fees 173,870 173,870 Other accrued expenses 26,888 26,888 Total $ 4,384,734 $ 4,555,307

Due to Officer

Due to Officer	12 Months Ended
	Jun. 30, 2015
Due To Officer
Due to Officer	NOTE 9 Due to officer, represents advances made by officers of the Company and its subsidiaries, which are non-interest bearing, except for $100,000 as described below, unsecured and due on demand. As of June 30, 2015 and 2014, the balances were $1,879,458 and $1,858,402, respectively. Officers/Directors June 30, 2015 June 30, 2014 Henry Fahman 1,577,958 1,556,902 Tam Bui 276,500 276,500 Frank Hawkins 12,500 12,500 Lawrence Olson 12,500 12,500 Total $ 1,879,458 $ 1,858,402 As of June 30, 2015, the Company has a short term note payable amounting $100,000 with interest bearing $3,000 per month payable to member of the Board of Directors.

Loans and Promissory Notes

Loans and Promissory Notes	12 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Loans and Promissory Notes	NOTE 10 SHORT TERM NOTES PAYABLE: As of June 30, 2015 and June 30, 2014, the Company had short-term notes payable amounting to $1,342,618 and $1,346,721 with accrued interest of $ and $3,188,890, respectively. These notes bear interest rates ranging from 6% to 36% per annum. Some of the notes payable are secured by assets of the Company as summarized below: Note Balance: Secured by: $ 115,000 400,000 Catalyst Resource Group, Inc. shares 500,000 Catthai Corporation shares $ 550,000 500,000 Catthai Corporation shares $ 150,000 1,500,000 PHI Gold Corp shares $ 100,000 1,500,000 PHI Gold Corp shares CONVERTIBLE PROMISSORY NOTE. The last Convertible Promissory Note issued to Asher Enterprises, Inc. (“Asher”) on June 17, 2011 was $42,500, with interest of 8% per annum, due and payable March 21, 2012. This note is convertible at the election of Asher from time to time after the issuance date, at 39% discount to the average of the lowest closing bid prices for the Company’s common stock during the ten trading day period ending on the latest complete trading prior to the conversion date. In the event of default, the amount of principal and interest not paid when due bear interest at the rate of 22% per annum and the note becomes immediately due and payable. Should that occur, the Company is liable to pay Asher 150% of the then outstanding principal and interest. The note agreements contain covenants requiring Asher’s written consent for certain activities not in existence or not committed to by the Company on the issue date of the note. Outstanding note principal and interest amounts accrued thereon can be converted in whole, or in part, at any time by Asher after the issuance date into an equivalent of the Company’s common stock determined by the discount rate mentioned in the note. Additionally, the note contains a reset provision to the exercise price and conversion price if the Company issues equity or other derivatives at a price less than the exercise price set forth in such warrants and note. This ratchet provision results in a derivative liability in our financial statements. On July 25, 2011, $10,000 principal of the convertible note issued on January 11, 2011 was converted into an equivalent of 1,550 shares of post-split common stock of the Company (2,325,581 pre-split shares). On August 8, 2011, $12,000 principal of the convertible note issued on January 11, 2011 was converted into an equivalent of 1,633 shares of post-split common stock of the Company (2,448,980 pre-split shares). On August 30, 2011, $15,000 principal of the convertible note issued on January 11, 2011 was converted into an equivalent of 2,941 shares of post-split common stock of the Company (4,411,765 pre-split shares). On October 21, 2011, $8,000 principal of the convertible note issued on January 11, 2011 was converted into an equivalent of 2,667 shares of post-split common stock of the Company (4,000,000 pre-split shares). On November 22, 2011, $10,000 principal of the convertible note issued on January 11, 2011 was converted into an equivalent of 5,083 shares of post-split common stock of the Company (7,625,000 pre-split shares). On January 03, 2012, $10,000 principal of the convertible note issued on June 17, 2011 was converted into an equivalent of 4,444 shares of post-split common stock of the Company (6,666,667 pre-split shares). On January 11, 2012, $11,000 principal of the convertible note issued on June 17, 2011 was converted into an equivalent of 5,641 shares of post-split common stock of the Company (8,461,538 pre-split shares). On March 1, 2012, $12,000 principal of the convertible note issued on June 17, 2011 was converted into an equivalent of 5,741 shares of post-split common stock of the Company (8,571,429 pre-split shares). On April 23, 2012, Asher Enterprises, Inc. converted $7,000 principal amount of the convertible note dated June 17, 2011 into 8,197 shares of post-split common stock of the Company at the price of $0.854 per share. During the quarter ended March 31, 2015, Asher Enterprises, Inc. converted a total of $4,700 in principal and accrued interest into 77,049 shares of Common Stock of the Company at the price of $0.061 per share. As of June 30, 2015, the last Convertible Promissory Note issued to Asher Enterprises, Inc. on June 17, 2011 has been paid in full. DUE TO PREFERRED STOCKHOLDERS: The Company classified $215,000 of preferred stock subscribed as a current liability payable to holders of preferred stock in a previously discontinued subsidiary of the Company due to deficiency in compliance of the preferred shares subscription agreement in connection with the referenced subsidiary in the year 2000. The Company has made an offer for these preferred stock holders to receive shares of common stock in the Company in exchange for the preferred shares but so far only a small number of the preferred shareholders have accepted the offer. The interest expenses payable to holders of preferred stock of $387,455 and $361,655 have been included in accrued interest included in the accrued expenses on the balance sheets as of June 30, 2015 and June 30, 2014, respectively. ADVANCES FROM CUSTOMERS (PREVIOUSLY CLASSIFIED AS UNEARNED REVENUE) As of September 30, 2012, the Company decided to reclassify the previously recorded Unearned Revenues as Advances from Customers because the Company has not been able to complete the consulting services for the related clients due to their inability to provide GAAP-compliant audited financial statements in order to file a registration statement with the Securities and Exchange Commission. As of June 30, 2015, the Company recorded $563,219 as Advances from Customers.

Litigation

Litigation	12 Months Ended
	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Litigation	NOTE 11 LEGAL PROCEEDING SETTLED AND UNPAID AS OF JUNE 30, 2015: QUANG VAN CAO AND NHAN THI NGUYEN CAO VS. PROVIDENTIAL SECURITIES, INC. ET AL. This case was originally submitted to Orange County Superior Court, CA on June 25, 1997, Case No. 781121, and subsequently moved to NASD Dispute resolution for arbitration. On or about August 24, 2000, the Company’s legal counsel negotiated with the Claimant’s counsel and unilaterally reached a settlement that had not been approved by the Company. While the Company was in the process of re-negotiating the terms of said settlement, the Claimants filed a request for arbitration hearing before the National Association of Securities Dealers on October 4, 2000, Case No. 99-03160. Thereafter, the Claimants filed a complaint with the Orange County Superior Court, CA on October 31, 2000, Case No. 00CC13067 for alleged breach of contract for damages in the sum of $75,000 plus pre-judgment interest, costs incurred in connection with the complaint, and other relief. Without admitting or denying any allegations, the Company reached a settlement agreement with the Claimants whereby the Company would pay the Claimants a total of $62,500 plus $4,500 in administrative costs. As the date of this report, the Company has paid $2,500 and is subject to an entry of judgment for $79,000. In May 2011, the Claimants filed an application for and renewal of judgment for a total of $140,490.78. As of June 30, 2015 the Company accrued $172,091 for potential liabilities in connection with this case in the accompanying consolidated financial statements. WILLIAM DAVIDSON VS. DOAN ET AL. On or about February 01, 2010, the company was notified of a suit that was filed with the Superior Court of the State of California for the County of Los Angeles on November 24, 2009 by William Davidson, an individual against Martin Doan, Henry Fahman, Benjamin Tran, HRCiti Corporation, and Providential Capital, Inc. (collectively referred to as “Defendants” - Case No. BC 426831). Plaintiff demanded an amount of not less than $140,000.00 from Defendants for promissory notes outstanding between Plaintiff and the company. On July 09, 2012 William Davidson and PHI Capital Holdings, Inc. (formerly Providential Capital, Inc.), a subsidiary of the Company, reached a settlement agreement with respect to whereby PHI Capital agreed to pay William Davidson a total of $200,000 over a period of nineteen months beginning September 1, 2012. Since November 30, 2012, William Davidson has converted portions of the total amount into common stock of PHI Group, Inc. in lieu of cash payment. The Company has accrued the required liabilities associated with the balance of these notes in the accompanying consolidated financial statements as of June 30, 2015.

Payroll Liabilities

Payroll Liabilities	12 Months Ended
	Jun. 30, 2015
Payroll Liabilities
Payroll Liabilities	NOTE 12 The payroll liabilities are accrued and recorded as accrued expenses in the consolidated balance sheet. During the quarter ended June 30, 2014, the Company paid $41,974.22 to the Internal Revenue Service and $ 19,289.94 to the State of California Employment Development Department towards the balance of $118,399 of payroll tax, penalties and interest claimed by these agencies. The Company is currently working with the Internal Revenue Service and the State of California Employment Department to resolve the remaining balance.

Basic and Diluted Net Loss Per

Basic and Diluted Net Loss Per Share	12 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Basic and Diluted Net Loss Per Share	NOTE 13 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 year ended June 30, 2015 were the same since the inclusion of Common stock equivalents is anti-dilutive.

Stockholder's Equity

Stockholder's Equity	12 Months Ended
	Jun. 30, 2015
Equity [Abstract]
Stockholder's Equity	NOTE 14 STOCKHOLDER’S EQUITY The total number of authorized capital stock of the Company is 400,000,000 shares with a par value of $0.001 per share, consisting of 300,000,000 shares of voting Common Stock with a par value of $0.001 per share and 100,000,000 shares of Preferred Stock with a par value of $0.001 per share. The rights and terms associated with the Preferred Stock will be determined by the Board of Directors of the Company. On March 15, 2012, the Company effectuated a 1 for 1,500 reverse split of the Company’s Common Stock. Treasury Stock: The balance of treasury stock as of June 30, 2015 was 3,289 post-split shares valued at $3,801. Common Stock: On July 19, 2012, an officer of the Company converted a total of $307,000 debts owed by the Company into 1,196,424 shares of PHI Group, Inc.’s restricted common stock. On July 31, 2012, seven creditors of the Company converted a total of $177,333.33 debts owed by the Company into 504,865 shares of PHI Group, Inc.’s common stock. On November 19, 2012, the Company reserved 5,673,327 shares of its common stock for a special dividend distribution. On November 30, 2012, four creditors of the Company converted a total of $220,079.06 debts owed by the Company into 81,737 shares of PHI Group, Inc.’s common stock. On January 10, 2013, the Company issued 3,288,443 shares of PHI Group, Inc.’s common stock registered in the name of the majority shareholder of PT Tambang Sekarsa Adadaya as a deposit towards the total purchase price of the 70% equity interest in PT Tambang Sekarsa Adadaya. On February 14, 2013, two creditors of the Company converted a total of $150,000 debts owed by the Company into 155,885 shares of PHI Group, Inc.’s common stock. On February 22, 2013, the Company issued 44,763 shares of PHI Group, Inc.’s common stock valued at $50,000 to an Indonesian attorney as payment for legal services in connection with the purchase of PT Tambang Sekarsa Adadaya. On February 22, 2013, a creditor of the Company converted a total of $33,633 debts owed by the Company into 44,844 shares of PHI Group, Inc.’s common stock. On April 11, 2013, a creditor of the Company converted $50,000 owed by the Company into 76,540 shares of PHI Group, Inc.’s common stock. On April 26, 2013, three creditors of the Company converted a total of $180,000 of debts owed by the Company into 304,913 shares of PHI Group, Inc.’s common stock. On May 10, 2013, the Company issued 100,887 shares of its restricted common stock for $40,000 cash under Rule 144 for working capital. On July 1, 2013, three creditors of the Company converted a total of $177,940 of principal and interest owed by the Company into 412,569 shares of common stock of PHI Group, Inc. On February 11, 2014, a creditor of the Company converted a total of $156,750 of debts owed by the Company into 337,097 shares of PHI Group, Inc.’s common stock. On August 27, 2014, a creditor of the Company converted a total of $27,706.26 of short-term notes and accrued interest owed by the Company into 91,440 shares of PHI Group, Inc.’s common stock. On January 22, 2015, the Company issued 77,049 shares of $0.001 par value Common Stock to Asher Enterprises, Inc. as payment in full for the balance of principal and accrued interest from the last Convertible Promissory Note issued to Asher Enterprises, Inc. on June 17, 2011. On February 10, 2015, the Company issued 300,000 restricted shares of its $0.001 par value Common Stock to a shareholder-investor for cash. On May 14, 2015, the Company cancelled 3,288,443 shares of the Company’s $0.001 par value Common Stock that were issued to the majority shareholder of PT Tambang Sekarsa Adadaya on January 10, 2013 as a deposit towards the total purchase price of the 70% equity interest in PT Tambang Sekarsa Adadaya. This transaction was terminated due to unsatisfactory due diligence results. As of June 30, 2015, there were 9,584,675 post-split shares of the Company’s $0.001 par value Common Stock issued, including 5,673,327 shares reserved for a special dividend distribution, and 3,911,348 shares outstanding, respectively. Preferred Stock: Class A Preferred Stock: Class A Preferred Stock 1) Dividends: Each holder of Class A Preferred Stock is entitled to receive twelve percent (12%) non-compounding cumulative dividends per annum, payable semi-annually. 2) Conversion: Each share of the Class A Preferred Stock shall be convertible into the Company’s Common Stock any time after one year from the date of issuance at a Variable Conversion Price (as defined herein) of the Common Stock. The “Variable Conversion Price” shall mean 75% multiplied by the Market Price (as defined herein) (representing a discount rate of 25%). “Market Price” means the average Trading Price for the Company’s Common Stock during the ten (10) trading-day period ending one trading day prior to the date the Conversion Notice is sent by the Holder of the Class A Preferred Stock to the Company via facsimile or email (the “Conversion Date”). “Trading Price” means, for any security as of any date, the closing price on the OTC Markets, OTCQB, NASDAQ Stock Markets, NYSE or applicable trading market as reported by a reliable reporting service (“Reporting Service”) mutually acceptable to the Company and Holder of the Class A Preferred Stock. 3) Redemption Rights: The Company, after a period of two years from the date of issuance, may at any time or from time to time redeem the Class A Preferred Stock, in whole or in part, at the option of the Company’s Board of Directors, at a price equal to one hundred twenty percent (120%) of the original purchase price of the Class A Preferred Stock or of a unit consisting of any shares of Class A Preferred Stock and any warrants attached thereto, plus, in each case, accumulated and unpaid dividends to the date fixed for redemption.

Stock-based Compensation Plan

Stock-based Compensation Plan	12 Months Ended
	Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-based Compensation Plan	NOTE 15 STOCK-BASED COMPENSATION PLAN On February March 18, 2015, the Company adopted an Employee Benefit Plan to set aside 1,000,000 shares of common stock for eligible employees and independent contractors of the Company and its subsidiaries. As of June 30, 2015 the Company has not issued any stock in lieu of cash under this plan.

Gain (Loss) on Settlement of De

Gain (Loss) on Settlement of Debts	12 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Gain (Loss) on Settlement of Debts	NOTE 16 GAIN (LOSS) ON SETTLEMENT OF DEBTS For the fiscal year ended June 30, 2015, the Company recorded a net loss in the amount of $25,845 on conversion of promissory notes by creditors as compared to a total gain of $372,278 on settlement of debts during the fiscal year ended June 30, 2014.

Other Expense

Other Expense	12 Months Ended
	Jun. 30, 2015
Other Income and Expenses [Abstract]
Other Expense	NOTE 17 OTHER EXPENSE Net Other Expense for the fiscal year ended June 30, 2015 consists of the following: OTHER INCOME (EXPENSE) FY June 30, 2015 Impairment of marketable securities (599,472 ) Writeoff of Other Receivable (73,043 ) Net miscellaneous other income (expense) (152 ) NET OTHER INCOME (EXPENSE) $ (672,667 )

Related Party Transactions

Related Party Transactions	12 Months Ended
	Jun. 30, 2015
Related Party Transactions [Abstract]
Related Party Transactions	NOTE 18 RELATED PARTY TRANSACTIONS The Company accrued $210,000 in salaries for Henry Fahman (President of the Company) and Tina Phan (Secretary of the Company) during the years ended June 30, 2015 and June 30, 2014.

Income Taxes

Income Taxes	12 Months Ended
	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 19 INCOME TAXES No provision was made for income tax since the Company has significant net operating loss carry forward. Through June 30, 2015, the Company incurred net operating losses for tax purposes of approximately $37,679,736. The net operating loss carry forward may be used to reduce taxable income through the year 2031. Net operating loss for carry forwards for the State of California is generally available to reduce taxable income through the year 2021. The availability of the Company’s net operating loss carry-forward is subject to limitation if there is a 50% or more positive change in the ownership of the Company’s stock. (See Note 2). “Under section 6501(a) of the Internal Revenue Code (Tax Code) and section 301.6501(a)-1(a) of the Income Tax Regulations (Tax Regulations), the IRS is required to assess tax within 3 years after the tax return was filed with the IRS. The Company’s 2015 tax return is open and may be subject to examination by the taxing authorities”.

Contracts and Commitments

Contracts and Commitments	12 Months Ended
	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Contracts and Commitments	NOTE 20 CONTRACTS AND COMMITMENTS BUSINESS AND FINANCIAL CONSULTING AGREEMENT WITH THINH HUNG INVESTMENT CO. During the fiscal year ended June 30, 2010 the Company signed an agreement with Thinh Hung Investment Co., Ltd., a Vietnam-based company, to assist Thinh Hung in identifying, locating and, possibly, acquiring various business opportunities for Thinh An Co., Ltd., a subsidiary of Thinh Hung, including but not limited to a reverse merger, a stock swap, or a business combination between Thinh An and a publicly-traded company in the U.S. In exchange for the services rendered, the Company would receive compensation in cash from Thinh Hung and common stock of the combined company. As of September 30, 2011, the Company has completed a stock purchase and investment agreement between Thinh Anh Co., Ltd. and Vietnam Foods Corporation, a Nevada corporation. However, the combined company has not filed a registration statement with the Securities and Exchange Commission to become a reporting company. The Company has recognized $26,656 as only revenues from this transaction. The balance of $293,219 was booked as Customer Advances in the liability portion of the balance sheet. AGREEMENT WITH COLEBRAND INTERNATIONAL LTD. On January 28, 2013 the Company signed a Business Cooperation Agreement with Colebrand International Ltd., a company organized and existing under the laws of the United Kingdom, to cooperate in international trade and financial intermediation. The term of this agreement is two years and has been extended to December 10, 2015. AGREEMENT WITH PACA On February 25, 2013, PHI Capital Holdings, Inc., a subsidiary of the Company, signed a consulting/engagement agreement with PACA, a New York corporation, to contemplate raising capital for the purpose of financing PHI Group, Inc.’s business plan including acquisition of various energy properties and general working capital. The term of the engagement is two years and has been extended to February 24, 2016. PACA will be entitled to cash success fee and equity success fee for each successful financing transaction. AGREEMENT WITH PACIFIC ENERGY NETWORK: On August 16, 2013 the Company signed a Business Cooperation Agreement with Pacific Energy Network, Inc., a Washington corporation, to cooperate with each other to develop and implement conventional and renewable energy business projects in geographical areas and under terms and conditions that are mutually acceptable to both parties. The term of this agreement is two years. AGREEMENT WITH NE NORD ENERGY JOINT STOCK COMPANY On November 14, 2013 the Company signed a Business Cooperation and Investment Agreement with NE Nord Energy Joint Stock Company, a Vietnamese company, to cooperate, co-develop, invest or cause to be invested in, produce, market and sell LED lighting, solar energy, kinetic power supply system, renewable energy, and other energy-related products and services in geographical areas and markets that deem economically beneficial to both parties. The term of this agreement is two years. BUSINESS AND FINANCIAL CONSULTING AGREEMENT WITH ASIA GREEN CORP. On January 17, 2014 PHI Capital Holdings, Inc., a wholly-owned subsidiary of the Company, signed a Business and Financial Consulting Agreement with Asia Green LLC (“Asia Green VN”), a Vietnamese company engaged in afforestation and reforestation projects in Vietnam, to assist Asia Green in becoming a fully reporting publicly traded company in the United States and in arranging capital for Asia Green to execute its business plan. PHI Capital Holdings is entitled to receive six hundred twenty thousand U.S. dollars as compensation for the services rendered. The term of this agreement is one year or until Asia Green has become a fully reporting public company. On April 4, 2014 Touchlink Communications, Inc., a Nevada corporation, a majority-owned subsidiary of the Company, changed its name to Asia Green Corporation and entered into a Corporate Combination Agreement with Asia Green VN to become the holding company for Asia Green VN’s agroforestry and afforestation business. On July 28, 2014 Asia Green Corporation changed its name to Omni Resources, Inc to pursue a new business. CONSULTING ENGAGEMENT AGREEMENT WITH VIETNAM MINING CORPORATION (n/k/a VANGUARD MINING CORPORATION) On January 24, 2014 PHI Capital Holdings, Inc., a wholly-owned subsidiary of the Company, signed a Consulting Engagement Agreement with Vietnam Mining Corporation, k/n/a Vanguard Mining Corporation (“VNMC”), a Nevada corporation, to assist VNMC to regain its current and good standing status with the pertinent regulatory agencies in the United States and certain private service providers and to seek new business opportunities for VNMC. PHI Capital Holdings is entitled to receive four million pre-split shares of restricted common stock of VNMC pursuant to the provisions of Rule 144 as compensation for the services rendered. The term of this agreement is six months. During the quarter ended March 31, 2015, PHI Capital Holdings received sixteen million post-split shares of Common Stock of VNMC as compensation for the services rendered. FUNDING AGREEMENT REGARDING PETROBRAS BONDS On February 4, 2014 the Company signed a Funding Agreement with The Dieterich Group and Robert M. Terry to provide up to $300,000, more likely increasing to $400,000 in funding, on a best efforts and non-exclusive basis to underwrite the collection efforts being undertaken on a series of 500 bonds originally issued by Petrobras, a Brazilian corporation focused on oil and gas exploration and development. These bonds are currently owned and controlled by Starboard Financial, a Nevada LLC. In the most recent valuation report, each of these bonds had a published discounted value of $750,000 including 7% interest through February 2008 and a possible published redemption face value of $2,300,000. According to the Funding Agreement, the Company will receive a total recovery of 10 times its investment in funding and 12.5% of the net proceeds, assuming the entire funding is provided by the Company and/or its investors, from the bond collections after deduction of trading or selling expenses, and expenses of the Brazilian agents once Starboard Financial and Brazilian parties have received the first $20,000,000 recovered. As of the date of this report no proceeds have been collected from bonds. ASSUMPTION OF DEBT BY AGENT155 MEDIA CORP’S OFFICER. October 29, 2014, Christopher Martinez, President of Agent155 Media Corp. personally assumed the balance of $66,955 previously owed to the Company by Agent155 Media Corp. as his personal obligations retroactively December 31, 2011. BUSINESS COOPERATION AND INVESTMENT AGREEMENT WITH AG MATERIALS, LLC. On January 7, 2015, the Company signed a Business Cooperation and Investment Agreement with AG Materials, LLC, an Alabama limited liability company, (“AGM”) to primarily cooperate with each other to establish and operate a 200,000 MT wood pellet plant in Live Oak, Suwannee County, Florida. Both AGM and the Company intend to utilize the benefits of AGM’s previous arrangements with Klausner Lumber One, LLC, a wholly-owned subsidiary of Klausner Group, an Australian company, to purchase 400,000 to 800,000 short tons (ST) of feedstock per year from Klausner Lumber One, to purchase a fifteen-acre parcel of land to build the new wood pellet plant in Live Oak, Suwannee County, Florida. The Company will be responsible for providing the required capital for the purchase of land, machinery and equipment, and accessories, for construction and for working capital of the new wood pellet plant. AGM and the Company will enter into a definitive agreement which includes specific terms and conditions, obligations, benefits, representations, warranties, covenants, and indemnities customary for a transaction of this type. Both parties have incorporated Cornerstone Biomass Corporation, a Florida corporation, as the entity to manage the joint-venture wood pellet project in Live Oak, Florida. Moreover, AGM and the Company may from time to time cooperate with each other and jointly engage in other business activities that deem mutually acceptable and beneficial to both parties. PURCHASE AND SALE AGREEMENT WITH PT MEGA KENCANA PERSADA On March 16, 2015 the Company signed an Agreement of Purchase and Sale, to be effective as of April 1, 2015, with PT Mega Kencana Persada (“MKPI”), an Indonesian company, and its majority shareholders (the “Shareholders”) to acquire a seventy-five percent (75%) equity ownership of and the rights to explore and mine the limestone tenement of approximate 330 hectares with an IUP Exploration License No. 540/112/K/2012 dated January 27, 2012, in Desa Sipapaga, Kecamatan Panyabungan, Kabupaten Mandailing Natal, Sumatra Utara, Republic of Indonesia, in exchange for $950,000 in cash and $3,800,000 in the Company’s Class A Preferred Stock valued at $1.00 per share. As of the date of this report, both parties have yet to close the Purchase and Sale Agreement. BUSINESS COOPERATION AND INVESTMENT AGREEMENT WITH CV BERKAT DO’A MAMA On May 1, 2015, the Company signed a Business Cooperation and Investment Agreement (“BCIA”) with CV Berkat Do’A Mama, an Indonesian company, to: (1) develop and mine a 6,200-hectare coal concession with estimated deposits of 33-55 million MT in Kabupaten Kapuas, Central Kalimantan, (2) build a 30-MW coal-fired power plant in Kota Jayapura, Provinsi Papua, Indonesia, (3) potentially build a mine-mouth coal-fired power plant in Kabupaten Kapuas, Central Kalimantan, and (4) supply coals to the Indonesian domestic market and other countries, particularly Vietnam, Thailand, Malaysia, Japan, India and China. The BCIA calls for PHI Group, Inc. to sign a conditional Purchase and Sale Agreement within twenty one days after the signing of the BCIA to acquire a 70% equity ownership of CV Berkat Do’A Mama, to start a drilling program two weeks after the signing of the conditional Purchase and Sale Agreement, and to sign the definitive Purchase and Sale Agreement thirty days after the drilling and boring results are confirmed. After additional due diligence review, the Company decided not to further pursue this transaction and has continued vetting other coal concessions for acquisition under its long-term energy asset accumulation program. CONSULTING ENGAGEMENT AGREEMENT WITH MYSON INVESTMENT AND IMPORT EXPORT JSC On May 7, 2015, PHI Capital Holdings, Inc., a wholly owned subsidiary of the Company, signed a Consulting Engagement Agreement with Myson Investment and Import Export Joint Stock Company (“Myson JSC”), a Vietnamese company, to provide consulting services to and assist Myson JSC to become a fully reporting public company in the U.S. Stock Market. As of June 30, 2015, PHI Capital Holdings received $50,000 in cash to defray the costs associated with the services rendered and 26,166,746 shares of common stock in Myson Group, Inc., a U.S. public company traded on the OTC Markets (Trading symbol: MYSN). BUSINESS COOPERATION AGREEMENT AND MASTER CONTRACT FOR PURCHASE AND SALE OF SAND WITH KIEN HOANG MINERALS JOINT STOCK COMPANY On May 8, 2015, the Company signed a Business Cooperation Agreement with Kien Hoang Minerals Joint Stock Company (” KHM JSC”), a Vietnamese company, to develop and expand international markets for KHM’s mineral products, particularly exports of reclamation sand and granite to Singapore through Primearth Resources Asia Pte Ltd, another strategic partner of the Company’s. The Company was granted the first right of refusal by KHM to purchase approximately 102 million cubic meters of sand and 40 million cubic meters of granite. On June 12, 2015, the Company signed a Master Contract for Purchase and Sale of 60 million cubic meters of sand recovered from the dredging and clearing of traffic pathways at De Gi estuary and surrounding areas in Binh Dinh Province, Vietnam over a period of five years for exports to Singapore and other Asian markets. CONSULTING AGREEMENT WITH SPORTS POUCH BEVERAGE COMPANY On June 3, 2015, PHI Capital Holdings, Inc., a wholly owned subsidiary of the Company, signed a Consulting Engagement Agreement with Sports Pouch Beverage Company (“SPBV”), a Nevada corporation, to provide consulting services and assist SPBV with respect to business development, mergers and acquisitions, corporate governance, and corporate finance. PHI Capital Holdings, Inc. is entitled to receive up to forty percent of common stock in SPBV as compensation for the services rendered. The duration of this agreement is one year. AGREEMENT WITH PRIMEFORTH RENEWABLE ENERGY LTD. On June 24, 2015, PHI Capital Holdings, Inc., a wholly owned subsidiary of the Company, signed a Consulting Engagement Agreement with Primeforth Renewable Energy Ltd. (“Primeforth”), a Singaporean company, to provide consulting services with respect to corporate development, corporate finance and debt financing for Primeforth Renewable Energy. PHI Capital Holdings is entitled to a one-time non-refundable professional fee of $20,000 and 4% cash success fee for any financing arranged for Primeforth. The term of this agreement is two years. Primeforth is engaged in developing alternative energy using patented microalgae technologies.

Going Concern Uncertainty

Going Concern Uncertainty	12 Months Ended
	Jun. 30, 2015
Going Concern Uncertainty
Going Concern Uncertainty	NOTE 21 GOING CONCERN UNCERTAINTY As shown in the accompanying consolidated financial statements, the Company has accumulated deficit of $37,679,736 as of June 30, 2015 and net loss from operations of $1,368,925 for the fiscal year ended June 30, 2015. These factors as well as the uncertain conditions that the Company faces in its day-to-day operations with respect to cash flows create an uncertainty as to the Company’s ability to continue as a going concern. The financial statements do not include any adjustments that might be necessary should the Company be unable to continue as a going concern. Management has taken action to strengthen the Company’s working capital position and generate sufficient cash to meet its operating needs through June 30, 2016 and beyond. In the next twelve months, the Company intends to focus on implementing the reclamation sand business between Vietnam and Singapore and engaging in international trade involving energy products, industrial commodities and precious metals, while continuing to acquire energy-related and natural resource assets and carry out the business cooperation and investment agreements that have been signed with various international partners. PHI Capital Holdings, Inc., the Company’s wholly owned subsidiary, will also continue to provide corporate and project finance services, including merger and acquisition advisory and consulting services and arranging funding for client companies in various industries. The Company anticipates generating substantial amounts of revenues through the reclamation sand business, international trade and M&A advisory and consulting activities as mentioned herein. No assurances could be made that management would be successful in achieving its plan. The president and chairman of the Company has committed to funding the Company’s operations from various sources for the next 12 months.

Subsequent Event

Subsequent Event	12 Months Ended
	Jun. 30, 2015
Subsequent Events [Abstract]
Subsequent Event	NOTE 22 – SUBSEQUENT EVENT These financial statements were approved by management and available for issuance on September 25, 2015. Subsequent events have been evaluated through this date. SETTLEMENT AGREEMENT WITH HAI P. NGUYEN On July 16, 2015, the Company signed a Settlement and Payment Agreement with Hai P. Nguyen and agreed to pay the latter $25,000 in cash and 500,000 shares of Common Stock of Myson Group, Inc. as compensation for Hai P. Nguyen’s portion of contribution towards the budget to complete the services in connection with the Consulting Agreement dated January 24, 2014 between Vietnam Mining Corporation (now known as Myson Group, Inc.) and PHI Capital Holdings, Inc. AGREEMENT FOR DEFRAYAL OF EXPENSES AND STOCK COMPENSATION WITH ASIA GREEN CORPORATION On July 17, 2015, the Company signed an agreement to provide $75,000 to Asia Green Corporation (AGMC”), a Nevada corporation, for AGMC to pay certain required expenses and resume its status as fully reporting company with the Securities and Exchange Commission. In exchange for the fund, AGMC agrees to allocate 500,000 shares of its Common Stock upon the consummation of a business combination between itself and a Vietnamese company engaged in agriculture and reforestation. MASTER AGREEMENT FOR BUSINESS COOPERATION AND INVESTMENT AGREEMENT WITH RAT SOKHORN INCORPORATION CO., LTD. On July 31, 2015, the Company signed a Master Agreement for Business Cooperation and Investment Agreement with Rat Sokhorn Incorporation Co., Ltd., a Cambodian company, to cooperate in the development and implementation of the following projects: (1) a 5,160-ha thermal coal concession in Sdach Kong Khang Lech and Kanthaor Khang Cheung areas, Banteay Meas and Kampong Trach Districts, Kampot Province, Cambodia; (2) a mine-mouth coal-fired power plant at the referenced coal concession; (3) a limestone concession in Sdach Kong Khang Lech and Kanthaor Khang Cheung areas, Banteay Meas and Kampong Trach Districts, Kampot Province, Cambodia for the cement and precipitated calcium carbonate; (4) a container seaport in Kampot Province; and (5) exploration and exploitation of precious and base metals in Cambodia. The Company will be responsible for arranging the required capital, technical expertise, engineering, procurement, construction (EPC), operations, and sales and marketing in connection with the proposed projects. The implementation of any one of these projects is subject to satisfactory due diligence and feasibility study by the Company. The Company’s management has conducted site visits with qualified technical professionals and consulted with Royal Haskoning DHV ( www.royalhaskoningdhv.com BUSINESS COOPERATION AND INVESTMENT AGREEMENT WITH CAVICO LAO MINING CO. LTD. On August 7, 2015, the Company signed a Business Cooperation and Investment Agreement with Cavico Lao Mining Co., Ltd. (“CLM”) to provide the initial required capital to be raised from the Company’s 506(c) private placement for CLM’s interim operations and a budget to conduct an independent JORC report for the nickel portion of the CLM’s a 80-hectare multi-mineral mine in the Khoam Bang mountainous area at Ban Bo, Bulikhamsay, Laos People’s Democratic Republic. In addition, the Company shall establish a subsidiary to be the holding company for the CLM’s assets to be spun off as a separate publicly traded company (“PubCo”) on the NASDAQ Stock Markets, subject to certain conditions and requirements. CLM management believes the estimated value of the nickel portion in the afore-mentioned multi-mineral mine is approximately $1.5 billion - $4 billion, subject to further independent validation. MASTER AGREEMENT FOR BUSINESS COOPERATION WITH DREDGE MASTERS AND CIVIL WORKS On August 19, 2015, the Company signed an agreement with Dredge Masters and Civil Works, Inc., a Filipino corporation, to cooperate with each other in order to optimize the dredging, transshipment, loading, shipping and unloading of saline sand on large scales to serve the needs of land reclamation in Singaporean and other Asian countries. The term of this agreement is one year. STOCK PURCHASE AND INVESTMENT AGREEMENT WITH VINABENNY ENERGY JOINT STOCK COMPANY On September 1, 2015, the Company signed an agreement to acquire a 50.10% equity ownership in VinaBenny Energy Joint Stock Company (“VinaBenny”, a Vietnamese company, for $10,700,000 and to arrange capital for VinaBenny to complete a 84,000 MT Liquefied Petroleum Gas (LPG) terminal in Can Giuoc District, Long An Province, Vietnam. The final closing of this transaction is scheduled to occur by December 31, 2015. AGREEMENT WITH REDICSACO JOINT STOCK COMPANY On September 11, 2015, the Company signed a Principle Business and Investment Agreement with Redicsaco JSC, a Vietnamese company, to cooperate with each other with respect to the dredging, transshipment, loading, sale and export of saline reclamation sand from the Ham Luong River waterway, Ben Tre Province, Vietnam to Singapore, Brunei and other Asian markets. The initial authorized volume of sand from this location is 25 million cubic meters and the total reserve is more than 390 million cubic meters. AGREEMENT WITH HATICO INVESTMENT DEVELOPMENT JOINT STOCK COMPANY On September 11, 2015, the Company signed a Principle Business Cooperation Agreement with HATICO Investment Development Joint Stock Company, a Vietnamese company, to cooperate with each other in order to dredge, sell and export saline reclamation sand from Ha Tien, Kien Giang Province, Vietnam and to develop a deep-water seaport terminal at this location. It is estimated that the volume of sand from this location is approximately one billion cubic meters. Both parties have agreed in principle for the Company to acquire 50.90% of HATICO or own the same percentage in a joint venture company to be set up.

Summary of Significant Accoun29

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Principles of Consolidation	PRINCIPLES OF CONSOLIDATION The consolidated financial statements include the accounts of PHI Group, Inc., its wholly owned subsidiary PHI Capital Holdings, Inc., and its discontinued operations Providential Securities, Inc., PHI Energy Corporation, PHI Gold Corp, Providential Vietnam Ltd. and Philand Ranch Limited (including its 100% owned subsidiary Philand Corporation and Philand Vietnam Ltd), collectively referred to as the “Company”. All significant inter-company transactions have been eliminated in consolidation. Provimex, Inc. and Touchlink Communications are inactive.
Use of Estimates	USE OF ESTIMATES The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Cash and Cash Equivalents	CASH AND CASH EQUIVALENTS The Company considers all liquid investments with a maturity of three months or less from the date of purchase that are readily convertible into cash to be cash equivalents.
Marketable Securities	MARKETABLE SECURITIES The Company’s securities are classified as available-for-sale and, as such, are carried at fair value. Securities classified as available-for-sale may be sold in response to changes in interest rates, liquidity needs, and for other purposes. Each investment in marketable securities represents less than twenty percent (20%) of the outstanding common stock and stock equivalents of the investee, and each security is nationally quoted on the FINRA’S OTC Bulletin Board (“OTCBB”) or the OTC Markets. As such, each investment is accounted for in accordance with the provisions of ASC 320 (previously SFAS No. 115). Unrealized holding gains and losses for available-for-sale securities are excluded from earnings and reported as a separate component of stockholder’s equity. Realized gains and losses for securities classified as available-for-sale are reported in earnings based upon the adjusted cost of the specific security sold. On June 30, 2015 and 2014 the marketable securities have been recorded at $350,556 and $261,360, respectively based upon the fair value of the marketable securities at that time.
Accounts Receivable	ACCOUNTS RECEIVABLE Management reviews the composition of accounts receivable and analyzes historical bad debts. As of June 30, 2015, the Company had no accounts receivable.
Impairment of Long-Lived Assets	IMPAIRMENT OF LONG-LIVED ASSETS Effective January 1, 2002, the Company adopted ASC 350 (Previously SFAS 144, “Accounting for the Impairment or Disposal of Long-Lived Assets”), which addresses financial accounting and reporting for the impairment or disposal of long-lived assets and supersedes SFAS No. 121, “Accounting for the Impairment of Long-Lived Assets and for Long-Lived Assets to be Disposed Of,” and the accounting and reporting provisions of APB Opinion No. 30, “Reporting the Results of Operations for a Disposal of a Segment of a Business.” The Company periodically evaluates the carrying value of long-lived assets to be held and used in accordance with ASC 350. ASC 350 requires impairment losses to be recorded on long-lived assets used in operations when indicators of impairment are present and the undiscounted cash flows estimated to be generated by those assets are less than the assets’ carrying amounts. In that event, a loss is recognized based on the amount by which the carrying amount exceeds the fair market value of the long-lived assets. Loss on long-lived assets to be disposed of is determined in a similar manner, except that fair market values are reduced for the cost of disposal.
Property and Equipment	PROPERTY AND EQUIPMENT Property and equipment are stated at cost. Maintenance and repair costs are charged to expense as incurred; costs of major additions and betterments are capitalized. When property and equipment are sold or otherwise disposed of, the cost and related accumulated depreciation are eliminated from the accounts and any resulting gain or loss is reflected in income. Depreciation is computed using the straight-line method over the estimated useful lives of the assets, ranging from three to ten years.
Depreciation and Amortization	DEPRECIATION AND AMORTIZATION The cost of property and equipment is depreciated over the estimated useful lives of the related assets. Depreciation and amortization of fixed assets are computed on a straight-line basis.
Net Earnings (Loss) Per Share	NET EARNINGS (LOSS) PER SHARE The Company adopted the provisions of ASC 260 (previously SFAS 128). ASC 260 eliminates the presentation of primary and fully diluted earnings per share (“EPS”) and requires presentation of basic and diluted EPS. Basic EPS is computed by dividing income (loss) available to common stockholders 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. The net earnings (loss) per share is computed as follows: 2015 2014 Basic and diluted net loss per share: Numerator: Net income (loss) $ (1,368,915 ) $ (255,994 ) Denominator: Basic weighted average number of common shares outstanding (adjusted for 1:1,500 reverse split) 6,573,093 6,520,933 Basic net income (loss) per share $ (0.21 ) $ (0.04 ) Diluted weighted average number of common shares outstanding (adjusted for 1:1,500 reverse split) 6,573,093 6,520,933 Diluted net income (loss) per share $ (0.21 ) $ (0.04 )
Stock-based Compensation	STOCK-BASED COMPENSATION Effective July 1, 2006, the Company adopted ASC 718-10-25 (previously SFAS 123R) and accordingly has adopted the modified prospective application method. Under this method, ASC 718-10-25 is applied to new awards and to awards modified, repurchased, or cancelled after the effective date. Additionally, compensation cost for the portion of awards that are outstanding as of the date of adoption for which the requisite service has not been rendered (such as unvested options) is recognized over a period of time as the remaining requisite services are rendered.
Fair Value of Financial Instruments	FAIR VALUE OF FINANCIAL INSTRUMENTS Fair Value - Definition and Hierarchy Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Assets and liabilities measured at fair value are categorized based on whether or not the inputs are observable in the market and the degree that the inputs are observable. The categorization of financial assets and liabilities within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. A fair value hierarchy for inputs is used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs are to be used when available. Valuation techniques that are consistent with the market or income approach are used to measure fair value. The fair value hierarchy is categorized into three levels based on the inputs as follows: Level 1 Level 2 Level 3 Fair value is a market-based measure, based on assumptions of prices and inputs considered from the perspective of a market participant that are current as of the measurement date, rather than an entity-specific measure. Therefore, even when market assumptions are not readily available, the Company’s own assumptions are set to reflect those that market participants would use in pricing the asset or liability at the measurement date. The availability of valuation techniques and observable inputs can vary from investment to investment and are affected by a wide variety of factors, including; type of investment, whether the investment is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the transaction. To the extent that valuation is based upon models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Because of the inherent uncertainty of valuation, those estimated values may be materially higher or lower than the values that would have been used had a ready market for the investments existed. Accordingly, the degree of judgment exercised by the Fund in determining fair value is greatest for investments categorized in Level 3. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level in the fair value hierarchy in which the fair value measurement falls in its entirety is determined based upon the lowest level input that is significant to the fair value measurement. Fair Value - Valuation Techniques and Inputs The Company holds and may invest public securities traded on public exchanges or over-the-counter (OTC), private securities, real estate, convertible securities, interest bearing securities and other types of securities and has adopted specific techniques for their respective valuations. Equity Securities in Public Companies Unrestricted The Company values investments in securities that are freely tradable and listed on major securities exchanges at their last reported sales price as of the valuation date. To the extent these securities are actively traded and valuation adjustments are not applied, they are categorized in Level 1 of the fair value hierarchy. Securities traded on inactive markets or valued by reference to similar instruments are generally categorized in Level 2 or 3 of the fair value hierarchy. Restricted Securities traded on public exchanges or over-the-counter (OTC) where there are formal restrictions that limit (i.e. Rule 144 holding periods and underwriter’s lock-ups) their sale shall be valued at the closing price on the date of valuation less applicable discounts. The Company may apply a discount to securities with Rule 144 restrictions. Additional discounts may be assessed if the Company believes there are other mitigating factors which warrant the additional discounting. When determining potential additional discounts, factors that will be taken into consideration include, but are not limited to; securities’ trading characteristics, volume, length and overall impact of the restriction as well as other macro-economic factors. Valuations should be discounted appropriately until the securities may be freely traded. If it has been determined that the exchange or OTC listed price does not accurately reflect fair market value, the Company may elect to treat the security as a private company and apply an alternative valuation method. Investments in restricted securities of public companies may be included in Level 2 of the fair value hierarchy. However, to the extent that significant inputs used to determine liquidity discounts are not observable, investments in restricted securities in public companies may be categorized in Level 3 of the fair value hierarchy. The Company’s financial instruments primarily consist of cash and cash equivalents, accounts receivable, marketable securities, and accounts payable. As of the balance sheet dates, the estimated fair values of the financial instruments were not materially different from their carrying values as presented on the balance sheet. This is primarily attributed to the short maturities of these instruments. Effective July 1, 2008, the Company adopted ASC 820 (previously SFAS 157), Fair Value Measurements Assets measured at fair value on a recurring basis are summarized below. The Company has no financial liabilities measured at fair value on a recurring basis. Available-for-sale securities Securities Available for Sale Level 1 Level 2 Level 3 Total 30-Jun-15 $ 16,828 $ 301,562 $ 32,166 $ 350,556 30-Jun-14 $ 0 $ 75,595 $ 185,765 $ 261,360 The Company uses various approaches to measure fair value of available-for-sale securities, while applying the three-level valuation hierarchy for disclosures, specified in ASC 820. Our Level 1 securities were measured using the quoted prices in active markets for identical assets and liabilities. The company’s policy regarding the transfers in and/or out of Level 3 depends on the trading activity of the security, the volatility of the security, and other observable units which clearly represents the fair value of the security. If a level 3 security can be measured using a more fairly represented fair value, we will transfer these securities either into Level 1 or Level 2, depending on the type of inputs.
Revenue Recognition	REVENUE RECOGNITION The Company’s revenue recognition policies are in compliance with ASC 13 (previously Staff accounting bulletin (SAB) 104). The Company recognizes consulting and advisory fee revenues when the transaction is completed and the service fees are earned. Expenses are recognized in the period in which the corresponding liability is incurred. Payments received before all of the relevant criteria for revenue recognition are recorded as unearned revenue.
Advertising	ADVERTISING The Company expenses advertising costs as incurred. Advertising costs for the years ended June 30, 2015 and 2014 were $4,350 and $5,195 respectively.
Comprehensive Income (Loss)	COMPREHENSIVE INCOME (LOSS) ASC 220-10-45 (previously SFAS 130, Reporting Comprehensive Income) establishes standards for reporting and display of comprehensive income, its components and accumulated balances. Comprehensive income is defined to include all changes in equity, except those resulting from investments by owners and distributions to owners. Among other disclosures, SFAS No. 130 requires that all items that are required to be recognized under current accounting standards as components of comprehensive income be reported in a financial statement that is displayed with the same prominence as other financial statements. As of June 30, 2015 and 2014, respectively, accumulated other comprehensive income of $99,341 and accumulated other comprehensive loss of $709,183 are presented on the accompanying consolidated balance sheets.
Income Taxes	INCOME TAXES The Company accounts for income taxes in accordance with ASC 740 (previously SFAS No. 109, “Accounting for Income Taxes”). Deferred taxes are provided on the liability method whereby deferred tax assets are recognized for deductible temporary differences, and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.
Reporting of Segments	REPORTING OF SEGMENTS ASC 280 (previously Statement of Financial Accounting Standards No. 131, Disclosures about Segments of an Enterprise and Related Information), which supersedes Statement of Financial Accounting Standards No. 14, Financial Reporting for Segments of a Business Enterprise, establishes standards for the way that public enterprises report information about operating segments in annual financial statements and requires reporting of selected information about operating segments in interim financial statements regarding products and services, geographic areas and major customers. ASC 280 defines operating segments as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance. The Company operated in one segment that generated revenues during the years ended June 30, 2015 and 2014.
Risks and Uncertainties	RISKS AND UNCERTAINTIES In the normal course of business, the Company is subject to certain risks and uncertainties. The Company provides its service and receives marketable securities upon execution of transactions. Consequently, the value of the securities received from customers can be affected by economic fluctuations and each customer’s business growth. The actual realized value of these securities could be significantly different than recorded value.
Recent Accounting Pronouncements	RECENT ACCOUNTING PRONOUNCEMENTS Update No. 2013-11—Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists July 2013 Effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. For nonpublic entities, the amendments are effective for fiscal years, and interim periods within those years, beginning after December 15, 2014. Early adoption is permitted. Update No. 2013-09— Fair Value Measurement (Topic 820): Deferral of the Effective Date of Certain Disclosures for Nonpublic Employee Benefit Plans in Update No. 2011-04 July 2013 The deferral in this amendment is effective upon issuance for financial statements that have not been issued. Update No. 2013-07— Presentation of Financial Statements (Topic 205): Liquidation Basis of Accounting April 2013 Effective for entities that determine liquidation is imminent during annual reporting periods beginning after December 15, 2013. Early adoption is permitted. Update No. 2013-04— Liabilities (Topic 405): Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation Is Fixed at the Reporting Date February 2013 Effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. For nonpublic entities, the amendments are effective for fiscal years ending after December 15, 2014, and interim periods and annual periods thereafter. Update 2013-02— Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income February 2013 For public entities, the amendments are effective prospectively for reporting periods beginning after December 15, 2012. For nonpublic entities, the amendments are effective prospectively for reporting periods beginning after December 15, 2013. Early adoption is permitted. Update 2013-01— Balance Sheet (Topic 210): Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities January 2013 An entity is required to apply the amendments for fiscal years beginning on or after January 1, 2013, and interim periods within those annual periods. An entity should provide the required disclosures retrospectively for all comparative periods presented. The effective date is the same as the effective date of Update 2011-11. The Company has either evaluated or is currently evaluating the implications, if any, of each of these pronouncements and the possible impact they may have on the Company’s financial statements. In most cases, management has determined that the pronouncement has either limited or no application to the Company and, in all cases, implementation would not have a material impact on the financial statements taken as a whole.

Summary of Significant Accoun30

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Computation of Net Earnings (Loss) Per Share	The net earnings (loss) per share is computed as follows: 2015 2014 Basic and diluted net loss per share: Numerator: Net income (loss) $ (1,368,915 ) $ (255,994 ) Denominator: Basic weighted average number of common shares outstanding (adjusted for 1:1,500 reverse split) 6,573,093 6,520,933 Basic net income (loss) per share $ (0.21 ) $ (0.04 ) Diluted weighted average number of common shares outstanding (adjusted for 1:1,500 reverse split) 6,573,093 6,520,933 Diluted net income (loss) per share $ (0.21 ) $ (0.04 )
Summary of Assets Measured at Fair Value on Recurring Basis	Assets measured at fair value on a recurring basis are summarized below. The Company has no financial liabilities measured at fair value on a recurring basis. Available-for-sale securities Securities Available for Sale Level 1 Level 2 Level 3 Total 30-Jun-15 $ 16,828 $ 301,562 $ 32,166 $ 350,556 30-Jun-14 $ 0 $ 75,595 $ 185,765 $ 261,360

Loans Receivable (Tables)

Loans Receivable (Tables)	12 Months Ended
	Jun. 30, 2015
Receivables [Abstract]
Schedule of Loans Receivable	Loans receivable consist of the following at June 30, 2015 and 2014: June 30, 2015 June 30, 2014 Loan to Catalyst Resource Group 5,140 3,932 Loan to Provimex, Inc. 2,000 2,000 Loan to Catthai Corp. 2,700 2,700 Total $ 9,841 $ 8,632

Other Assets (Tables)

Other Assets (Tables)	12 Months Ended
	Jun. 30, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Other Assets	The Other Assets comprise of the following as of June 30, 2015 and 2014: 2015 2014 Loans Receivable $ 66,955 $ 66,955 Shares issued for investment $ - $ 3,288 Receivable from discontinued operations $ - $ 73,043 Deposits for acquisitions $ 8,224 - Investment in Cornerstone Biomass Corp. $ 2,550 - Total Other Assets $ 77,729 $ 143,286

Marketable Equity Securities 33

Marketable Equity Securities Available For Sale (Tables)	12 Months Ended
	Jun. 30, 2015
Investments, Debt and Equity Securities [Abstract]
Schedule of Fair value of Investments Marketable Equity Securities	The fair value of the marketable securities recorded as of June 30, 2015 was $350,556. Level 1 Level 2 Quoted Other Level 3 Prices in Significant Significant Active Observable Unobservable Investments Markets Inputs Inputs Total Cash Equivalents $ - - - - Marketable Securities $ 16,828 $ 301,561 $ 32,167 $ 350,556 Total $ 16,828 $ 301,561 $ 32,167 $ 350,556
Schedule of Assets Marketable Equity	Changes in Unrealized Gain (Loss) Balance Realized Unrealized Net Balance for Investments 06/30/14 Gain or Gain or Purchases 06/30/15 still held at Assets (Net) (Loss) (Loss) (Sales) (Net) 6/30/15 Marketable Securities $ 261,360 $ (45,176 ) $ 184,200 $ 48,955 $ 350,556 $ 184,200 Total $ 261,360 $ (45,176 ) $ 184,200 $ 48,955 $ 350,556 $ 184,200
Schedule of Shares Transferred to Related Parties	Name Trading Number Cost Date of Market price Change in of Securities Symbol of shares basis transfer at transfer value at transfer Myson Group, Inc. MYSN 3,833,360 $ 0.0250 3/19/15 $ 0.0500 $ 95,834

Accounts Payable and Accrued 34

Accounts Payable and Accrued Expenses (Tables)	12 Months Ended
	Jun. 30, 2015
Payables and Accruals [Abstract]
Schedule of Accounts Payable and Accrued Expenses	The accounts payable and accrued expenses at June 30, 2015 and 2014 consist of the following: June 30, 2015 June 30, 2014 Accounts payable 131,454 526,885 Accrued salaries and payroll taxes 849,279 556,861 Accrued interest 3,031,152 2,874,509 Accrued legal expenses 172,091 396,294 Accrued consulting fees 173,870 173,870 Other accrued expenses 26,888 26,888 Total $ 4,384,734 $ 4,555,307

Due to Officer (Tables)

Due to Officer (Tables)	12 Months Ended
	Jun. 30, 2015
Due To Officer
Components of Due to Officer	Officers/Directors June 30, 2015 June 30, 2014 Henry Fahman 1,577,958 1,556,902 Tam Bui 276,500 276,500 Frank Hawkins 12,500 12,500 Lawrence Olson 12,500 12,500 Total $ 1,879,458 $ 1,858,402

Loans and Promissory Notes (Tab

Loans and Promissory Notes (Tables)	12 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Schedule of Notes Payable Secured Assets	Some of the notes payable are secured by assets of the Company as summarized below: Note Balance: Secured by: $ 115,000 400,000 Catalyst Resource Group, Inc. shares 500,000 Catthai Corporation shares $ 550,000 500,000 Catthai Corporation shares $ 150,000 1,500,000 PHI Gold Corp shares $ 100,000 1,500,000 PHI Gold Corp shares

Other Expense (Tables)

Other Expense (Tables)	12 Months Ended
	Jun. 30, 2015
Other Income and Expenses [Abstract]
Schedule of Other Expense	Net Other Expense for the fiscal year ended June 30, 2015 consists of the following: OTHER INCOME (EXPENSE) FY June 30, 2015 Impairment of marketable securities (599,472 ) Writeoff of Other Receivable (73,043 ) Net miscellaneous other income (expense) (152 ) NET OTHER INCOME (EXPENSE) $ (672,667 )

Summary of Significant Accoun38

Summary of Significant Accounting Policies (Details Narrative)	12 Months Ended
	Jun. 30, 2015USD ($)Creditor	Jun. 30, 2014USD ($)Creditor
Minimum percentage of outstanding common stock and stock equivalents of investee	20.00%
Marketable securities	$ 350,556	$ 261,360
Accounts receivable		0
Advertising costs	4,350	5,195
Accumulated other comprehensive loss	$ 99,341	$ (709,183)
Number of reportable segment | Creditor	1	1
Minimum [Member]
Property and equipment, estimated useful lives of assets	3 years
Maximum [Member]
Property and equipment, estimated useful lives of assets	10 years
Philand Corporation and Philand Vietnam Ltd [Member]
Percentage of ownership	100.00%

Summary of Significant Accoun39

Summary of Significant Accounting Policies - Computation of Net Earnings (Loss) Per Share (Details) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Accounting Policies [Abstract]
Net income (loss)	$ (1,368,915)	$ (255,994)	$ (884,047)
Basic weighted average number of common shares outstanding (adjusted for 1:1,500 reverse split)	6,573,093	6,520,933
Basic net income (loss) per share	$ (0.21)	$ (0.04)
Diluted weighted average number of common shares outstanding (adjusted for 1:1,500 reverse split)	6,573,093	6,520,933
Diluted net income (loss) per share	$ (0.21)	$ (0.04)

Summary of Significant Accoun40

Summary of Significant Accounting Policies - Computation of Net Earnings (Loss) Per Share (Details) (Parenthetical)	Mar. 15, 2012	Jun. 30, 2015	Jun. 30, 2014
Accounting Policies [Abstract]
Reverse split	1 for 1,500	adjusted for 1:1,500 reverse split	adjusted for 1:1,500 reverse split

Summary of Significant Accoun41

Summary of Significant Accounting Policies - Summary of Assets Measured at Fair Value on Recurring Basis (Details) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Securities Available for Sale	$ 350,556	$ 261,360
Fair Value Inputs Level 1 [Member]
Securities Available for Sale	16,828	0
Fair Value, Inputs, Level 2 [Member]
Securities Available for Sale	301,562	75,595
Fair Value, Inputs, Level 3 [Member]
Securities Available for Sale	$ 32,166	$ 185,765

Loans Receivable - Schedule of

Loans Receivable - Schedule of Loans Receivable (Details) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Loans receivable from related parties	$ 9,841	$ 8,632
Loan to Catalyst Resource Group [Member]
Loans receivable from related parties	5,140	3,932
Loan to Provimex, Inc [Member]
Loans receivable from related parties	2,000	2,000
Loan to Catthai Corp [Member]
Loans receivable from related parties	$ 2,700	$ 2,700

Other Assets (Details Narrative

Other Assets (Details Narrative) - USD ($)	Jan. 10, 2013	Jun. 30, 2014	Jun. 30, 2011	Jun. 30, 2015
Total other assets		$ 143,286		$ 77,729
Restricted Common Stock [Member]
Issuance of restricted common stock deposit towards total purchase price	3,288,443
Percentage of equity interest	70.00%
Shares recorded at par	$ 3,288
Philand Vietnam Ltd., [Member]
Security deposit			$ 172,203
Repayment of deposit amount		99,160
Assets from discontinued operations				$ 73,043
Manning Elliot LLP [Member]
Payment for restructuring requirements			$ 24,476
Agent 155 Media Corp [Member]
Amount owed		$ 66,955

Other Assets - Schedule of Othe

Other Assets - Schedule of Other Assets (Details) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Loans Receivable	$ 66,955	$ 66,955
Shares issued for investment		3,288
Receivable from discontinued operations		$ 73,043
Deposits for acquisitions	$ 8,224
Investment in Cornerstone Biomass Corp.	2,550
Total Other Assets	$ 77,729	$ 143,286

Marketable Equity Securities 45

Marketable Equity Securities Available For Sale (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Percentage of marketable securities less than outstanding common stock	20.00%
Fair value of marketable securities	$ 350,556	$ 261,360
Unrealized Gain or (Loss)	184,200
Sold realized loss	$ 45,176
Vanguard Mining Corporation [Member] | OTC Markets [Member]
Number of marketable securities available for sale	38,197,971
Intel Corporation [Member] | OTC Markets [Member]
Number of marketable securities available for sale	900
Myson Group, Inc [Member]
Number of common stock shares transferred from level 3 to level 2 due to reclassification from restricted to unrestricted status	3,833,360
Common stock shares cost basis price per share at transferred	$ 0.025
Common stock shares market price at transfer	$ 0.050
Increase of market securities	$ 95,834

Marketable Equity Securities 46

Marketable Equity Securities Available For Sale - Schedule of Fair value of Investments Marketable Equity Securities (Details) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Cash Equivalents
Marketable Securities	$ 350,556	$ 261,360
Total	$ 350,556
Fair Value Inputs Level 1 [Member]
Cash Equivalents
Marketable Securities	$ 16,828
Total	$ 16,828
Fair Value, Inputs, Level 2 [Member]
Cash Equivalents
Marketable Securities	$ 301,561
Total	$ 301,561
Fair Value, Inputs, Level 3 [Member]
Cash Equivalents
Marketable Securities	$ 32,167
Total	$ 32,167

Marketable Equity Securities 47

Marketable Equity Securities Available For Sale - Schedule of Assets Marketable Equity (Details)	12 Months Ended
	Jun. 30, 2015USD ($)
Balance beginning	$ 261,360
Realized Gain or (Loss)	(45,176)
Unrealized Gain or (Loss)	184,200
Net purchases (Sales)	48,955
Balance ending	350,556
Changes in Unrealized Gain (Loss) for Investments still held	184,200
Marketable Securities [Member]
Balance beginning	261,360
Realized Gain or (Loss)	(45,176)
Unrealized Gain or (Loss)	184,200
Net purchases (Sales)	48,955
Balance ending	350,556
Changes in Unrealized Gain (Loss) for Investments still held	$ 184,200

Marketable Equity Securities 48

Marketable Equity Securities Available For Sale - Schedule of Shares Transferred to Related Parties (Details) - Myson Group, Inc [Member]	12 Months Ended
	Jun. 30, 2015USD ($)$ / sharesshares
Number of shares | shares	3,833,360
Cost basis	$ 0.025
Market price at transfer	$ 0.050
Change in value at transfer | $	$ 95,834
Date of transfer	Mar. 19, 2015

Discontinued Operations (Detail

Discontinued Operations (Details Narrative) - USD ($)	Jun. 30, 2015	Jun. 30, 2013
Discontinued Operations and Disposal Groups [Abstract]
Liabilities and potential liability contingencies and written off all non-performing assets associated with discontinued operations	$ 1,045,232	$ 2,234,327

Accounts Payable and Accrued 50

Accounts Payable and Accrued Expenses - Schedule of Accounts Payable and Accrued Expenses (Details) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Payables and Accruals [Abstract]
Accounts payable	$ 131,454	$ 526,885
Accrued salaries and payroll taxes	849,279	556,861
Accrued interest	3,031,152	2,874,509
Accrued legal expenses	172,091	396,294
Accrued consulting fees	173,870	173,870
Other accrued expenses	26,888	26,888
Total	$ 4,384,734	$ 4,555,307

Due to Officer (Details Narrati

Due to Officer (Details Narrative) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Due to officers	$ 1,879,458	$ 1,858,402
Officer [Member]
Unsecured and due on demand	100,000
Board of Directors [Member]
Short term note payable	100,000
Interest bearing payable	$ 3,000

Due to Officer - Components of

Due to Officer - Components of Due to Officer (Details) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Due to Officers/Directors	$ 1,879,458	$ 1,858,402
Henry Fahman [Member]
Due to Officers/Directors	1,577,958	1,556,902
Tam Bui [Member]
Due to Officers/Directors	276,500	276,500
Frank Hawkins [Member]
Due to Officers/Directors	12,500	12,500
Lawrence Olson [Member]
Due to Officers/Directors	$ 12,500	$ 12,500

Loans and Promissory Notes (Det

Loans and Promissory Notes (Details Narrative) - USD ($)	Aug. 27, 2014	Feb. 11, 2014	Apr. 23, 2013	Apr. 11, 2013	Feb. 22, 2013	Mar. 01, 2012	Jan. 11, 2012	Jan. 03, 2012	Nov. 22, 2011	Oct. 21, 2011	Aug. 30, 2011	Aug. 08, 2011	Jul. 25, 2011	Jun. 17, 2011	Mar. 31, 2015	Jun. 30, 2015	Jun. 30, 2014
Short-term notes payable																$ 1,342,618	$ 1,346,721
Accrued interest																$ 0	3,188,890
Issuance of convertible notes conversion	$ 27,706	$ 156,750		$ 50,000	$ 33,633
Issuance of convertible notes conversion, shares	91,440	337,097		76,540	44,844
Issuance of convertible notes conversion, pre-split shares																9,584,675
Preferred stock shares subscribed																$ 215,000
Interest expenses payable to holders of preferred stock																3,031,152	2,874,509
Advances from Customers																563,219	563,219
Preferred Stockholders [Member]
Interest expenses payable to holders of preferred stock																$ 387,455	$ 361,655
Convertible Promissory Note [Member] | Asher Enterprises Inc [Member]
Convertible promissory note														$ 42,500
Convertible promissory note, interest percentage														8.00%		22.00%
Notes, conversion description														This note is convertible at the election of Asher from time to time after the issuance date, at 39% discount to the average of the lowest closing bid prices for the Company's common stock during the ten trading day period ending on the latest complete trading prior to the conversion date.
Convertible notes payable due date														Mar. 21, 2012
Outstanding principal and interest rate														150.00%
Convertible Notes [Member]
Issuance of convertible notes conversion						$ 12,000	$ 11,000	$ 10,000	$ 10,000	$ 8,000	$ 15,000	$ 12,000	$ 10,000
Issuance of convertible notes conversion, shares						5,741	5,641	4,444	5,083	2,667	2,941	1,633	1,550
Issuance of convertible notes conversion, pre-split shares						8,571,429	8,461,538	6,666,667	7,625,000	4,000,000	4,411,765	2,448,980	2,325,581
Convertible Notes [Member] | Asher Enterprises Inc [Member]
Issuance of convertible notes conversion			$ 7,000												$ 4,700
Issuance of convertible notes conversion, shares															77,049
Issuance of convertible notes conversion, pre-split shares			8,197
Price per share			$ 0.854												$ 0.061
Minimum [Member]
Short term notes payable interest rate																6.00%
Maximum [Member]
Short term notes payable interest rate																36.00%

Loans and Promissory Notes - Sc

Loans and Promissory Notes - Schedule of Notes Payable Secured Assets (Details)	Jun. 30, 2015USD ($)shares
Notes Payable One [Member] | Catalyst Resource Group Inc [Member]
Note Balance | $	$ 115,000
Secured by	400,000
Notes Payable One [Member] | Catthai Corporation [Member]
Secured by	500,000
Notes Payable Two [Member] | Catthai Corporation [Member]
Note Balance | $	$ 550,000
Secured by	500,000
Notes Payable Three [Member] | PHI Gold Corp [Member]
Note Balance | $	$ 150,000
Secured by	1,500,000
Notes Payable Four [Member] | PHI Gold Corp [Member]
Note Balance | $	$ 100,000
Secured by	1,500,000

Litigation (Details Narrative)

Litigation (Details Narrative) - USD ($)	Jul. 09, 2012	Oct. 31, 2000	May. 31, 2011	Jun. 30, 2015	Feb. 01, 2010
Costs incurred in breach of contract for damages		$ 75,000
Settlement agreement amount				$ 62,500
Administrative costs				4,500
Legal costs				2,500
Accrued litigation amount			$ 140,491	79,000
Accrued potential liabilities				$ 172,091
Promissory notes outstanding					$ 140,000
William Davidson [Member]
Settlement agreement amount	$ 200,000

Payroll Liabilities (Details Na

Payroll Liabilities (Details Narrative)	3 Months Ended
	Jun. 30, 2014USD ($)
Penalties and interest	$ 118,399
Internal Revenue Service [Member]
Penalties and interest	41,974
State of California Employment Development Department [Member]
Penalties and interest	$ 19,290

Stockholder's Equity (Details N

Stockholder's Equity (Details Narrative)	May. 14, 2015$ / sharesshares	Apr. 02, 2015$ / sharesshares	Feb. 10, 2015$ / sharesshares	Jan. 22, 2015$ / sharesshares	Aug. 27, 2014USD ($)Creditorshares	Feb. 11, 2014USD ($)Creditorshares	Jul. 02, 2013USD ($)Creditorshares	May. 10, 2013USD ($)shares	Apr. 26, 2013USD ($)Creditorshares	Apr. 11, 2013USD ($)Creditorshares	Feb. 22, 2013USD ($)Creditorshares	Feb. 14, 2013USD ($)Creditorshares	Jan. 10, 2013shares	Nov. 30, 2012USD ($)Creditorshares	Nov. 19, 2012shares	Jul. 31, 2012USD ($)Creditorshares	Jul. 19, 2012USD ($)shares	Mar. 15, 2012	Jun. 30, 2015USD ($)$ / sharesshares	Jun. 30, 2014USD ($)$ / sharesshares	Jun. 30, 2013USD ($)
Number of authorized capital stock																			400,000,000
Number of authorized capital stock, par value | $ / shares																			$ 0.001
Common stock, shares authorized																			300,000,000	300,000,000
Common stock, par value | $ / shares	$ 0.001		$ 0.001	$ 0.001															$ 0.001	$ 0.001
Preferred stock, shares authorized																			100,000,000	100,000,000
Preferred stock, par value | $ / shares																			$ 0.001	$ 0.001
Common stock reverse stock split																		1 for 1,500	adjusted for 1:1,500 reverse split	adjusted for 1:1,500 reverse split
Treasury stock, post-split shares																			3,289	2,987
Treasury stock, value | $																			$ 3,801	$ 3,801
Common stock converted debt | $																					$ 1,101,668
Common stock, shares				77,049
Number of creditors | Creditor					1	1				1	1
Conversion debt into equity amount | $					$ 27,706	$ 156,750				$ 50,000	$ 33,633
Issuance of convertible notes into shares					91,440	337,097				76,540	44,844
Shares reserved special dividend, shares															5,673,327				5,673,327
Number of shares cancelled	3,288,443
Percentage of purchase price of equity interest	70.00%
Stock issued for services | $																					$ 45
Issuance of common stock, post-split shares																			9,584,675
Issuance of common stock, post-split shares outstanding																			3,911,348
Preferred stock issued
Preferred stock outstanding
Restricted Common Stock One [Member]
Number of stock shares issued for cash			300,000
Class A Preferred Stock [Member]
Common stock, par value | $ / shares		$ 0.001
Preferred stock, shares authorized		100,000,000
Shares reserved special dividend, shares		50,000,000
Percentage of purchase price of equity interest		12.00%
Percentage of variable conversion market price		75.00%
Percentage of discount rate		25.00%
Percentage of original purchase price of preferred stock		120.00%
PT Tambang Sekarsa Adadaya [Member]
Common stock, shares issued													3,288,443
Percentage of purchase price of equity interest													70.00%
Indonesian Attorney [Member]
Stock issued for services, shares											44,763
Stock issued for services | $											$ 50,000
Seven Creditors [Member]
Number of creditors | Creditor																7
Conversion debt into equity amount | $																$ 177,333
Issuance of convertible notes into shares																504,865
Four Creditors [Member]
Number of creditors | Creditor														4
Conversion debt into equity amount | $														$ 220,079
Issuance of convertible notes into shares														81,737
Two Creditors [Member]
Number of creditors | Creditor												2
Conversion debt into equity amount | $												$ 150,000
Issuance of convertible notes into shares												155,885
Three Creditors [Member]
Number of creditors | Creditor							3		3
Conversion debt into equity amount | $							$ 177,940		$ 180,000
Issuance of convertible notes into shares							412,569		304,913
Restricted Common Stock One [Member]
Number of stock shares issued for cash								100,887
Number of stock shares issued for cash, amount | $								$ 40,000
Officer [Member] | Restricted Common Stock [Member]
Common stock converted debt | $																	$ 307,000
Common stock, shares																	1,196,424

Stock-based Compensation Plan (

Stock-based Compensation Plan (Details Narrative)	Mar. 18, 2015shares
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Employee benefit plan shares of common stock for eligible employees	1,000,000

Gain (Loss) on Settlement of 59

Gain (Loss) on Settlement of Debts (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Debt Disclosure [Abstract]
Loss (gain) on settlement of debts	$ (25,845)	$ 372,278

Other Expense - Schedule of Oth

Other Expense - Schedule of Other Expense (Details)	12 Months Ended
	Jun. 30, 2015USD ($)
Other Income and Expenses [Abstract]
Impairment of marketable securities	$ (599,472)
Writeoff of Other Receivable	(73,043)
Net miscellaneous other income (expense)	(152)
NET OTHER INCOME (EXPENSE)	$ (672,667)

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Henry Fahman [Member]
Accrued salaries	$ 210,000	$ 210,000
Tina Phan [Member]
Accrued salaries	$ 210,000	$ 210,000

Income Taxes (Details Narrative

Income Taxes (Details Narrative)	12 Months Ended
	Jun. 30, 2015USD ($)
Income Tax Disclosure [Abstract]
Operating loss carry forwards	$ 37,679,736
Operating loss carry forwards taxable income due period description	The net operating loss carry forward may be used to reduce taxable income through the year 2031. Net operating loss for carry forwards for the State of California is generally available to reduce taxable income through the year 2021.
Percentage of limitation in ownership change	50.00%

Contracts and Commitments (Deta

Contracts and Commitments (Details Narrative)

Jun. 24, 2015USD ($)

Jun. 12, 2015MMcf

Jun. 03, 2015

May. 07, 2015USD ($)shares

May. 01, 2015ha

Jan. 07, 2015haT

Feb. 04, 2014USD ($)shares

Jan. 24, 2014shares

Jan. 17, 2014USD ($)

Nov. 14, 2013

Aug. 16, 2013

Feb. 25, 2013

Jan. 28, 2013

Sep. 30, 2011USD ($)

Mar. 31, 2015shares

Jun. 30, 2015USD ($)$ / sharesshares

Jun. 30, 2013USD ($)

May. 08, 2015MMcf

Mar. 16, 2015ha

Oct. 29, 2014USD ($)

Jun. 30, 2014USD ($)$ / shares

Jan. 27, 2012USD ($)$ / shares

Customer advances

$ 563,219

$ 563,219

Issuance of post-split shares of common stock | shares

9,584,675

Loans receivable

$ 66,955

$ 66,955

Preferred stock value

Preferred stock price per share | $ / shares

$ 0.001

$ 0.001

Stock issued for services

$ 45

Agent 155 Media Corp [Member] | Christopher Martinez [Member]

Loans receivable

$ 66,955

Klausner Lumber One [Member]

Total area in hectares | ha

15

PT Mega Kencana Persada [Member]

Total area in hectares | ha

330

Minimum equity ownership percentage

75.00%

PT Mega Kencana Persada [Member] | Class A Preferred Stock [Member]

Cash

$ 950,000

Preferred stock value

$ 3,800,000

Preferred stock price per share | $ / shares

$ 1

CV Berkat Do A Mama [Member]

Total area in hectares | ha

6,200

Minimum equity ownership percentage

70.00%

Business corporation and investments descriptions

On May 1, 2015, the Company signed a Business Cooperation and Investment Agreement (“BCIA”) with CV Berkat Do’A Mama, an Indonesian company, to: (1) develop and mine a 6,200-hectare coal concession with estimated deposits of 33-55 million MT in Kabupaten Kapuas, Central Kalimantan, (2) build a 30-MW coal-fired power plant in Kota Jayapura, Provinsi Papua, Indonesia, (3) potentially build a mine-mouth coal-fired power plant in Kabupaten Kapuas, Central Kalimantan, and (4) supply coals to the Indonesian domestic market and other countries, particularly Vietnam, Thailand, Malaysia, Japan, India and China.

Myson Group, Inc [Member]

Stock issued for services

$ 50,000

Stock issued for services, shares | shares

26,166,746

Kien Hoang Minerals Joint Stock Company [Member]

Agreement, term

5 years

Purchase of cubic meters sand | MMcf

102,000,000

Purchase of cubic meters of granite | MMcf

40,000,000

Purchase and sale of cubic meters of sand recovered from dredging and clearing of traffic pathways | MMcf

60,000,000

Percentage of common stock as compensation for services rendered

40.00%

Sports Pouch Beverage Company [Member]

Agreement, term

1 year

Primeforth Renewable Energy Ltd [Member]

Agreement, term

2 years

Non-refundable professional fee

$ 20,000

Percentage of cash success fee

4.00%

Petrobras Bonds [Member]

Issuance of bonds | shares

500

Debt discount value

$ 750,000

Bond interest percentage

7.00%

Debt face value

$ 2,300,000

Net proceeds in bond percentage

12.50%

Proceeds from issuance of bonds

$ 20,000,000

Minimum [Member] | Klausner Lumber One [Member]

Area of land in short tons | T

400,000

Maximum [Member] | Klausner Lumber One [Member]

Area of land in short tons | T

800,000

Colebrand Interenational Ltd [Member]

Agreement, term

2 years

Agreement extended expiration date

Dec. 10, 2015

Vanguard Mining Corporation [Member]

Agreement, term

6 months

Issuance of restricted common stock, shares | shares

4,000,000

Issuance of post-split shares of common stock | shares

16,000,000

Dieterich Group And Robert M Terry [Member] | Minimum [Member]

Bond value

300,000

Dieterich Group And Robert M Terry [Member] | Maximum [Member]

Bond value

$ 400,000

AG Materials LLC [Member] | Wood Pellet Plant [Member]

Area of land in metric tons | T

200,000

Thinh Hung Investment Co [Member]

Revenues

$ 26,656

Customer advances

$ 293,219

PACA [Member]

Agreement, term

2 years

Agreement extended expiration date

Feb. 24, 2016

Pacific Energy Network, Inc., [Member]

Agreement, term

2 years

NE Nord Energy Joint Stock Company [Member]

Agreement, term

2 years

Asia Green Corp [Member]

Agreement, term

1 year

Compensation for services rendered

$ 620,000

Going Concern Uncertainty (Deta

Going Concern Uncertainty (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Going Concern Uncertainty
Accumulated deficit	$ 37,679,736	$ 36,954,987
Net loss	$ 1,368,915	$ 255,994	$ 884,047

Subsequent Event (Details Narra

Subsequent Event (Details Narrative)	Sep. 01, 2015USD ($)T	Jul. 17, 2015USD ($)shares	Jul. 16, 2015USD ($)shares	Jun. 30, 2013USD ($)	Sep. 11, 2015MMcf	Aug. 07, 2015USD ($)ha	Jul. 31, 2015ha
Shares issued for service				$ 45
Subsequent Event [Member] | Asia Green Corp [Member]
Stock compensation expenses		$ 75,000
Number of common stock shares allocated for exchange of funds | shares		500,000
Subsequent Event [Member] | Rat Sokhorn Incorporation Co., Ltd., [Member]
Area of thermal coal concession | ha							5,160
Subsequent Event [Member] | Cavico Lao Mining Co., Ltd [Member]
Area of multi mineral mine | ha						80
Subsequent Event [Member] | Cavico Lao Mining Co., Ltd [Member] | Minimum [Member]
Estimated value of multi mineral mine						$ 1,500,000,000
Subsequent Event [Member] | Cavico Lao Mining Co., Ltd [Member] | Maximum [Member]
Estimated value of multi mineral mine						$ 4,000,000,000
Subsequent Event [Member] | VinaBenny Energy Joint Stock Company [Member]
Percentage of equity ownership	50.10%
Payment to acquire business	$ 10,700,000
Area of land in metric tons | T	84,000
Subsequent Event [Member] | Redicsaco JSC [Member]
Initial authorized volume of sand | MMcf					25,000,000
Reserve of volume of sand | MMcf					390,000,000
Subsequent Event [Member] | HATICInvestment Development Joint Stock Company [Member]
Percentage of equity ownership					50.90%
Subsequent Event [Member] | Settlement and Payment Agreement [Member] | Hai P. Nguyen [Member]
Shares issued for service			$ 25,000
Shares issued for service, shares | shares			500,000