Philux Global (PHIL) 10-Q 23 Nov 15 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Sep. 30, 2015	Nov. 18, 2015
Document And Entity Information
Entity Registrant Name	PHI GROUP INC
Entity Central Index Key	704,172
Document Type	10-Q
Document Period End Date	Sep. 30, 2015
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		9,559,165
Trading Symbol	PHIL
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2,016

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Sep. 30, 2015	Jun. 30, 2015
Current assets:
Cash and cash equivalents	$ 208,745	$ 10,654
Marketable securities	181,454	350,556
Loans receivable	12,123	9,841
Total current assets	402,322	$ 371,051
Fixed assets
Land	82,733
Total fixed assets	82,733
Other assets:
Other assets	144,505	$ 77,729
Total other assets	144,505	77,729
Total Assets	629,560	448,780
Current liabilities:
Accounts payable	126,024	131,454
Accrued expenses	4,392,937	4,253,280
Short-term notes payable	1,320,000	1,342,618
Due to officers	1,863,633	1,879,458
Due to preferred stockholders	215,000	215,000
Advances from customers	563,219	$ 563,219
Client deposits	233,900
Liabilities from discontinued operations	1,045,232	$ 1,045,232
Total current liabilities	$ 9,759,946	$ 9,430,260
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; 9,559,165 issued and 3,885,838 outstanding on 09/30/2015, and 9,584,675 issued and 3,911,348 outstanding on 6/30/2015, respectively, adjusted for 1 for 1,500 reverse split effective March 15, 2012.	$ 237,421	$ 237,447
Treasury stock, $.001 par value, 26,789 and 3,289 shares as of 09/30/2015 and 6/30/2015.	(3,824)	(3,801)
Paid-in capital	28,351,028	28,365,269
Acc. other comprehensive gain (loss)	31,960	99,341
Accumulated deficit	(37,746,970)	(37,679,736)
Total stockholders' deficit	(9,130,386)	(8,981,480)
Total liabilities and stockholders' deficit	$ 629,560	$ 448,780

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 15, 2012	Sep. 30, 2015	Jun. 30, 2015
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		9,559,165	9,584,675
Common stock, shares outstanding		3,885,838	3,911,348
Common stock adjusted for Reverse Split	1 for 1,500
Common stock adjusted for Reverse Split for one Share	1,500
Treasury stock, par value		$ 0.001	$ 0.001
Treasury stock, shares common stock		26,789	3,289

Consolidated Statement of Opera

Consolidated Statement of Operations (Unaudited) - USD ($)	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Net revenues
Revenues	$ 40,000	$ 3,131
Operating expenses:
Salaries and wages	60,375	58,433
Professional services, including non-cash compensation	23,019	7,631
General and administrative	13,535	20,522
Total operating expenses	96,929	86,586
Loss from operations	$ (56,929)	(83,455)
Other income and (expenses)
Gains on settlement of debts		$ 274
Other income	$ 69
Interest expense	(79,576)	$ (80,714)
Gain (Loss) on sale of market securities	$ 156,311	(36,126)
Other expense		(68)
Net other income (expenses)	$ 76,803	(116,634)
Net profit (loss)	19,874	(200,089)
Other comprehensive Income
Accumulative other comprehensive gain (loss)	31,960	(707,434)
Comprehensive income (loss)	$ 51,835	$ (907,522)
Net income (loss) per share:
Basic	$ 0.01	$ (0.03)
Diluted	$ 0.01	$ (0.03)
Weighted average number of shares outstanding:
Basic	3,885,838	6,690,724
Diluted	3,885,838	6,690,724

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash flows from operating activities:
Net income (loss) from operations	$ 19,874	$ (200,089)
Adjustments to reconcile net income to net cash provided by (used in) operations
(Increase) decrease in other assets and prepaid expenses	166,820	59,859
Increase (decrease) in accounts payable and accrued expenses	329,315	132,229
Net cash provided by (used in) operating activities	516,009	(8,002)
Cash flows from investing activities:
Land purchase and deposits for acquisitions	(149,509)	(20,000)
Net cash provided by (used in) investing activities	$ (149,509)	(20,000)
Cash flows from financing activities:
Conversion of debts into common stock		27,432
Payments on notes payable	$ (5,700)	(27,131)
Net borrowings from officer	(15,824)	$ 2,881
Repurchase of Company's common stock	(14,290)
Accumulated other comprehensive loss	(45,487)
RE- Accumulated deficit	(87,108)
Net cash provided by (used in) financing activities	(168,410)	$ 3,182
Net increase (decrease) in cash and cash equivalents	198,091	(24,819)
Cash and cash equivalents, beginning of period	10,654	30,623
Cash and cash equivalents, end of period	$ 208,745	$ 5,804

Nature of Business

Nature of Business	3 Months Ended
	Sep. 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 investment in 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. PRINCIPLES OF CONSOLIDATION The consolidated financial statements include the accounts of PHI Group, Inc., its wholly-owned subsidiary PHI Capital Holdings, and the discontinued operations Providential Securities, Inc., PHI Gold Corporation (formerly PHI Mining Group), Providential Vietnam Ltd., and Philand Ranch Limited, collectively referred to as the “Company.” All significant inter-company transactions have been eliminated in consolidation. INTERIM CONSOLIDATED FINANCIAL STATEMENTS The accompanying unaudited interim consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. These statements should be read in conjunction with the audited financial statements for the year ended June 30, 2015. In the opinion of management, all adjustments consisting of normal reoccurring accruals have been made to the financial statements. The results of operation for the three months ended September 30, 2015 are not necessarily indicative of the results to be expected for the fiscal year ending June 30, 2016. USE OF ESTIMATES The preparation of financial statements in conformity with generally accepted accounting principles 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 periods. 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 quoted on either the “Pink Sheets” or the OTC Bulletin Board. As such, each investment is accounted for in accordance with the provisions of 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 September 30, 2015, the marketable securities have been recorded at $181,454 based upon the fair value of the marketable securities. (Note 3) 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 Level Level 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. PROPERTIES AND EQUIPMENT Property and equipment are carried at cost less accumulated depreciation. Depreciation is provided using the straight-line method over the estimated useful life of the assets from three to five years. Expenditures for maintenance and repairs are charged to expense as incurred. 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. 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	3 Months Ended
	Sep. 30, 2015
Receivables [Abstract]
Loans Receivable	NOTE 2 Loans receivable consist of the following at September 30, 2015 and June 30, 2015: September 30, 2015 June 30, 2015 Loan to Catalyst Group 5,140 5,140 Loan to Provimex, Inc. 2,000 2,000 Loan to Catthai Corp. 2,700 2,700 Loan to Myson Group, Inc. 2,282 - TOTAL $ 12,123 $ 9,841

Marketable Equity Securities Av

Marketable Equity Securities Available for Sale	3 Months Ended
	Sep. 30, 2015
Investments, Debt and Equity Securities [Abstract]
Marketable Equity Securities Available for Sale	NOTE 3 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 September 30, 2015 consisted of 6,000 shares of Micron Technology, Inc., a public company traded on the NASDAQ Stock Market (Trading symbol: MU), 32,900,106 shares of Myson Group, Inc. (formerly Vanguard Mining Corporation), a public company traded on the OTC Markets (Trading symbol: MYSN), and 14,200,000 shares of Agent155 Media Corporation,). The fair value of the shares recorded as of September 30, 2015 was $181,454. Securities Available for Sale Level 1 Level 2 Level 3 Total 30-Sep-15 $ 89,880 $ 59,907 $ 31,667 $ 181,454 30-Jun-15 $ 16,828 $ 301,562 $ 32,166 $ 350,556 Changes in Unrealized Gain (Loss) Balance Realized Unrealized Net Balance For Investments 06/30/15 Gain or Gain or Purchases 9/30/15 Still held at Assets (Net) (Loss) (Loss) (Sales) (Net) 09/30/15 Marketable Securities $ 350,556 $ 156,311 $ 31,960 $ 91,462 $ 181,454 $ (152,240 ) Total $ 350,556 $ 156,311 $ 31,960 $ 91,462 $ 181,454 $ (152,240 ) The change in unrealized appreciation (depreciation) related to the Level 2 investments still held at September 30, 2015 is $152,240. Level 1 and Level 2 securities sold during the quarter ended September 30, 2015 were sold at net realized gain of $156,311.

Properties and Equipment

Properties and Equipment	3 Months Ended
	Sep. 30, 2015
Fixed assets
Properties and Equipment	NOTE 4 As of September 30, 2015, the Company owned and held title to ten acres of land, Parcel Identification Number 09705010180 & 190, in Suwannee County, Florida at historical cost of $82,733. The Company did not have any properties and equipment as of June 30, 2015.

Other Assets

Other Assets	3 Months Ended
	Sep. 30, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Assets	NOTE 5 The Other Assets comprise of the following as of September 30, 2015 and June 30, 2015: September 30, 2015 June 30, 2015 Loans Receivable $ 66,955 $ 66,955 Investment in subsidiary $ 2,550 $ 2,550 Deposit for purchases $ 75,000 $ 8,224 Total Other Assets $ 144,505 $ 77,729 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. As of September 30, 2015, the total amounts owed by the President of Agent155 Media Corp., deposits for acquisition and the investment in a subsidiary were collectively reported as Other Assets totaling $144,505.

Discontinued Operations

Discontinued Operations	3 Months Ended
	Sep. 30, 2015
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	NOTE 6 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 September 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	3 Months Ended
	Sep. 30, 2015
Payables and Accruals [Abstract]
Accounts Payable and Accrued Expenses	NOTE 7 The accounts payable and accrued expenses at September 30, 2015 and June 30, 2015 consist of the following: September 30, 2015 June 30, 2015 Accounts payable 126,024 131,454 Accrued salaries and payroll taxes 909,654 849,279 Accrued interest 3,110,435 3,031,152 Accrued legal expenses 172,091 172,091 Accrued consulting fees 173,870 173,870 Other accrued expenses 26,888 26,888 Total $ 4,518,961 $ 4,384,734

Due to Officer

Due to Officer	3 Months Ended
	Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Due to Officer	NOTE 8 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 September 30, 2015 and June 30, 2015, the balances were $1,863,633 and $1,879,458, respectively. Officers/Directors September 30, 2015 June 30, 2015 Henry Fahman 1,562,133 1,577,958 Tam Bui 276,500 276,500 Frank Hawkins 12,500 12,500 Lawrence Olson 12,500 12,500 Total $ 1,863,633 $ 1,879,458 As of September 30, 2015, the Company has a short term note payable amounting $100,000 with interest bearing $3,000 per month payable to a member of the Board of Directors.

Loans and Promissory Notes

Loans and Promissory Notes	3 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Loans and Promissory Notes	NOTE 9 SHORT TERM NOTES PAYABLE: As of September 30, 2015 and June 30, 2015, the Company had short-term notes payable amounting to $1,320,000 and $1,342,618 with accrued interest of $3,110,435 and $3,031,152, respectively. These notes bear interest rates ranging from 0% 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 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 $393,905 and $387,455 have been included in accrued interest included in the accrued expenses on the balance sheets as of September 30, 2015 and June 30, 2015, 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 September 30, 2015, the Company recorded $563,219 as Advances from Customers.

Litigation

Litigation	3 Months Ended
	Sep. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Litigation	NOTE 10 LEGAL PROCEEDING SETTLED AND UNPAID AS OF SEPTEMBER 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 September 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 September 30, 2015.

Payroll Liabilities

Payroll Liabilities	3 Months Ended
	Sep. 30, 2015
Payroll Liabilities
Payroll Liabilities	NOTE 11 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 Profit (L

Basic and Diluted Net Profit (Loss) Per Share	3 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Basic and Diluted Net Profit (Loss) Per Share	NOTE 12 Net loss per share is calculated in accordance with SFAS No. 128, “Earnings per Share”. Under the provision of SFAS No. 128, basic net loss per share is computed by dividing the net loss for the period by the weighted-average number of common shares outstanding for the period. Diluted EPS is based on the weighted-average number of shares of common stock outstanding for the period and common stock equivalents outstanding at the end of the period. Basic and diluted weighted average numbers of shares for the period ended September 30, 2015 were the same since the inclusion of Common stock equivalents is anti-dilutive.

Stockholder's Equity

Stockholder's Equity	3 Months Ended
	Sep. 30, 2015
Equity [Abstract]
Stockholder's Equity	NOTE 13 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 September 30, 2015 was 26,789 post-split shares, valued at $3,824. Common Stock: As of September 30, 2015, there were 9,559,165 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. 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	3 Months Ended
	Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-based Compensation Plan	NOTE 14 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 September 30, 2015 the Company has not issued any stock in lieu of cash under this plan.

Other Expense

Other Expense	3 Months Ended
	Sep. 30, 2015
Other Income and Expenses [Abstract]
Other Expense	NOTE 15 OTHER EXPENSE Net Other Expense for the fiscal quarter ended September 30, 2015 consists of the following: OTHER INCOME (EXPENSE) September 30, 2015 Interest expense (net) (79,507 ) Gain on sale of marketable securities 156,311 NET OTHER INCOME $ 76,804

Related Party Transactions

Related Party Transactions	3 Months Ended
	Sep. 30, 2015
Related Party Transactions [Abstract]
Related Party Transactions	NOTE 16 RELATED PARTY TRANSACTIONS The Company accrued $52,500 in salaries for Henry Fahman (President of the Company) and Tina Phan (Secretary and Treasurer of the Company) during the quarters ended September 30, 2015 and September 30, 2014.

Contracts and Commitments

Contracts and Commitments	3 Months Ended
	Sep. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Contracts and Commitments	NOTE 17 CONTRACTS AND COMMITMENTS BUSINESS AND FINANCIAL CONSULTING AGREEMENT WITH THINH HUNG INVESTMENT CO. Effective May 21, 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 expired on August 15, 2015. 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. 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. 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. 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.

Going Concern Uncertainty

Going Concern Uncertainty	3 Months Ended
	Sep. 30, 2015
Going Concern Uncertainty
Going Concern Uncertainty	NOTE 18 GOING CONCERN UNCERTAINTY As shown in the accompanying consolidated financial statements, the Company has accumulated deficit of $37,746,970 as of September 30, 2015 and net income from operations of only $19,874 for the quarter ended September 30, 2015. The financial condition as well as the uncertain circumstances 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 in Southeast Asia and engaging in international trade involving energy products, industrial commodities and precious metals, while continuing to acquire energy-related and natural resource assets and carrying 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. The president and chairman of the Company has committed to funding the Company’s operations from various sources for the next 12 months. The Company has also launched a private placement program under the auspices of Rule 506(c) to raise $60 million by offering 40 million units at the price of $1.50 per unit, consisting of one share of Class A 12% cumulative convertible redeemable preferred stock, convertible to Common Stock at 25% discount to market price at the time of conversion, and a warrant to purchase one share of the Company’s Common Stock at 25% discount to market price at the time of exercise. No assurances could be made that management would be successful in achieving its plan.

Subsequent Event

Subsequent Event	3 Months Ended
	Sep. 30, 2015
Subsequent Events [Abstract]
Subsequent Event	NOTE 19 BUSINESS COOPERATION AND INVESTMENT AGREEMENT WITH HUNG THINH MINERALS INVESTMENT CO., LTD On October 26, 2015 the Company signed a Principle Business Cooperation and Investment Agreement with Hung Thinh Minerals Investment Co., Ltd. (“HTMI”), a Vietnamese company that owns a titanium mine and a slag processing plant in Binh Thuan Province, Vietnam to cooperate with HTMI to increase its capacity to produce 150,000 MT of titanium slag per year, to develop HTMI into a major refiner of titanium-related products, including titanium pigments, ingots, sponge, and alloys, and to list HTMI on an international stock exchange to raise capital for its growth and expansion program. PHI Group, Inc. will acquire 49% of HTMI, plus 2% proxy voting right in HTMI, as a prerequisite to cooperate with HTMI in this development program. The closing of this transaction is subject to satisfactory due diligence review of HTMI, the signing of a definitive agreement, and HTMI’s compliance with the U.S. Generally Accepted Accounting Principles (GAAP). BUSINESS COOPERATION AND INVESTMENT AGREEMENT WITH SPARTAN MINING AND DEVELOPMENT CORPORATION On October 30, 2015, the Company signed a Principle Business Cooperation and Investment Agreement with Spartan Mining and Development Corporation (“SMDC”), a Philippine company, to form a joint venture between SMDC and PHI Group, Inc. to dredge, extract, process, sell and export lahar sand from the Sto. Tomas, Maloma and Bucao Rivers in the Province of Zamales, the Philippines. The total volume of the lahar sand to be dredged from these rivers is estimated at 1.4 billion metric tonnes. The sand was created by the Mount Pinatubo volcanic eruption in June 1991. Both parties intend to proceed with the signing of a definitive joint venture agreement while the is still in effect.

Nature of Business (Policies)

Nature of Business (Policies)	3 Months Ended
	Sep. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [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, and the discontinued operations Providential Securities, Inc., PHI Gold Corporation (formerly PHI Mining Group), Providential Vietnam Ltd., and Philand Ranch Limited, collectively referred to as the “Company.” All significant inter-company transactions have been eliminated in consolidation.
Interim Consolidated Financial Statements	INTERIM CONSOLIDATED FINANCIAL STATEMENTS The accompanying unaudited interim consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. These statements should be read in conjunction with the audited financial statements for the year ended June 30, 2015. In the opinion of management, all adjustments consisting of normal reoccurring accruals have been made to the financial statements. The results of operation for the three months ended September 30, 2015 are not necessarily indicative of the results to be expected for the fiscal year ending June 30, 2016.
Use of Estimates	USE OF ESTIMATES The preparation of financial statements in conformity with generally accepted accounting principles 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 periods. 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 quoted on either the “Pink Sheets” or the OTC Bulletin Board. As such, each investment is accounted for in accordance with the provisions of 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 September 30, 2015, the marketable securities have been recorded at $181,454 based upon the fair value of the marketable securities. (Note 3)
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 Level Level 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.
Properties and Equipment	PROPERTIES AND EQUIPMENT Property and equipment are carried at cost less accumulated depreciation. Depreciation is provided using the straight-line method over the estimated useful life of the assets from three to five years. Expenditures for maintenance and repairs are charged to expense as incurred.
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.
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.

Loans Receivable (Tables)

Loans Receivable (Tables)	3 Months Ended
	Sep. 30, 2015
Receivables [Abstract]
Schedule of Loans Receivable	Loans receivable consist of the following at September 30, 2015 and June 30, 2015: September 30, 2015 June 30, 2015 Loan to Catalyst Group 5,140 5,140 Loan to Provimex, Inc. 2,000 2,000 Loan to Catthai Corp. 2,700 2,700 Loan to Myson Group, Inc. 2,282 - TOTAL $ 12,123 $ 9,841

Marketable Equity Securities 27

Marketable Equity Securities Available for Sale (Tables)	3 Months Ended
	Sep. 30, 2015
Investments, Debt and Equity Securities [Abstract]
Schedule of Fair value of Investments Marketable Equity Securities	Securities Available for Sale Level 1 Level 2 Level 3 Total 30-Sep-15 $ 89,880 $ 59,907 $ 31,667 $ 181,454 30-Jun-15 $ 16,828 $ 301,562 $ 32,166 $ 350,556
Schedule of Assets Marketable Equity	Changes in Unrealized Gain (Loss) Balance Realized Unrealized Net Balance For Investments 06/30/15 Gain or Gain or Purchases 9/30/15 Still held at Assets (Net) (Loss) (Loss) (Sales) (Net) 09/30/15 Marketable Securities $ 350,556 $ 156,311 $ 31,960 $ 91,462 $ 181,454 $ (152,240 ) Total $ 350,556 $ 156,311 $ 31,960 $ 91,462 $ 181,454 $ (152,240 )

Other Assets (Tables)

Other Assets (Tables)	3 Months Ended
	Sep. 30, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Other Assets	The Other Assets comprise of the following as of September 30, 2015 and June 30, 2015: September 30, 2015 June 30, 2015 Loans Receivable $ 66,955 $ 66,955 Investment in subsidiary $ 2,550 $ 2,550 Deposit for purchases $ 75,000 $ 8,224 Total Other Assets $ 144,505 $ 77,729

Accounts Payable and Accrued 29

Accounts Payable and Accrued Expenses (Tables)	3 Months Ended
	Sep. 30, 2015
Payables and Accruals [Abstract]
Schedule of Accounts Payable and Accrued Expenses	The accounts payable and accrued expenses at September 30, 2015 and June 30, 2015 consist of the following: September 30, 2015 June 30, 2015 Accounts payable 126,024 131,454 Accrued salaries and payroll taxes 909,654 849,279 Accrued interest 3,110,435 3,031,152 Accrued legal expenses 172,091 172,091 Accrued consulting fees 173,870 173,870 Other accrued expenses 26,888 26,888 Total $ 4,518,961 $ 4,384,734

Due to Officer (Tables)

Due to Officer (Tables)	3 Months Ended
	Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Components of Due to Officer	Officers/Directors September 30, 2015 June 30, 2015 Henry Fahman 1,562,133 1,577,958 Tam Bui 276,500 276,500 Frank Hawkins 12,500 12,500 Lawrence Olson 12,500 12,500 Total $ 1,863,633 $ 1,879,458

Loans and Promissory Notes (Tab

Loans and Promissory Notes (Tables)	3 Months Ended
	Sep. 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)	3 Months Ended
	Sep. 30, 2015
Other Income and Expenses [Abstract]
Schedule of Other Expense	Net Other Expense for the fiscal quarter ended September 30, 2015 consists of the following: OTHER INCOME (EXPENSE) September 30, 2015 Interest expense (net) (79,507 ) Gain on sale of marketable securities 156,311 NET OTHER INCOME $ 76,804

Nature of Business (Details Nar

Nature of Business (Details Narrative)	3 Months Ended
	Sep. 30, 2015USD ($)Agencies	Jun. 30, 2015USD ($)
Number of operating segments | Agencies	2
Minimum percentage of outstanding common stock and stock equivalents of investee	20.00%
Marketable securities	$ 181,454	$ 350,556
Minimum [Member]
Property and equipment, estimated useful lives of assets	3 years
Maximum [Member]
Property and equipment, estimated useful lives of assets	5 years

Loans Receivable - Schedule of

Loans Receivable - Schedule of Loans Receivable (Details) - USD ($)	Sep. 30, 2015	Jun. 30, 2015
Loans receivable from related parties	$ 12,123	$ 9,841
Loan to Catalyst Resource Group [Member]
Loans receivable from related parties	5,140	5,140
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
Loan to Myson Group, Inc [Member]
Loans receivable from related parties	$ 2,282

Marketable Equity Securities 35

Marketable Equity Securities Available for Sale (Details Narrative) - USD ($)	3 Months Ended
	Sep. 30, 2015	Jun. 30, 2015
Minimum percentage of outstanding common stock and stock equivalents of investee	20.00%
Fair value of marketable securities	$ 181,454	$ 350,556
Unrealized Gain or (Loss)	152,240
Sold realized gain	$ 156,311
Micron Technology, Inc [Member] | NASDAQ Stock Market [Member]
Number of marketable securities available for sale	6,000
Myson Group, Inc [Member] | OTC Markets [Member]
Number of marketable securities available for sale	32,900,106
Agent155 Media Corporation [Member] | OTC Markets [Member]
Number of marketable securities available for sale	14,200,000

Marketable Equity Securities 36

Marketable Equity Securities Available for Sale - Schedule of Fair value of Investments Marketable Equity Securities (Details) - USD ($)	Sep. 30, 2015	Jun. 30, 2015
Marketable Securities	$ 181,454	$ 350,556
Level 1 [Member]
Marketable Securities	89,880	16,828
Level 2 [Member]
Marketable Securities	59,907	301,562
Level 3 [Member]
Marketable Securities	$ 31,667	$ 32,166

Marketable Equity Securities 37

Marketable Equity Securities Available for Sale - Schedule of Assets Marketable Equity (Details)	3 Months Ended
	Sep. 30, 2015USD ($)
Balance beginning	$ 350,556
Realized Gain or (Loss)	156,311
Unrealized Gain or (Loss)	31,960
Net purchases (Sales)	91,462
Balance ending	181,454
Changes in Unrealized Gain (Loss) for Investments still held	(152,240)
Marketable Securities [Member]
Balance beginning	350,556
Realized Gain or (Loss)	156,311
Unrealized Gain or (Loss)	31,960
Net purchases (Sales)	91,462
Balance ending	181,454
Changes in Unrealized Gain (Loss) for Investments still held	$ (152,240)

Properties and Equipment (Detai

Properties and Equipment (Details Narrative)	Sep. 30, 2015USD ($)a	Jun. 30, 2015USD ($)
Fixed assets
Acres of land | a	10
Properties and equipment historical cost	$ 82,733

Other Assets (Details Narrative

Other Assets (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2011	Sep. 30, 2015	Jun. 30, 2015
Amount owed		$ 66,955	$ 66,955
Total other assets		$ 144,505	$ 77,729
Manning Elliot LLP [Member]
Payment for restructuring requirements	$ 24,476

Other Assets - Schedule of Othe

Other Assets - Schedule of Other Assets (Details) - USD ($)	Sep. 30, 2015	Jun. 30, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Loans Receivable	$ 66,955	$ 66,955
Investment in subsidiary	2,550	2,550
Deposit for purchases	75,000	8,224
Total Other Assets	$ 144,505	$ 77,729

Discontinued Operations (Detail

Discontinued Operations (Details Narrative)	Sep. 30, 2015USD ($)
Discontinued Operations and Disposal Groups [Abstract]
Liabilities from discontinued operations	$ 1,045,232

Accounts Payable and Accrued 42

Accounts Payable and Accrued Expenses - Schedule of Accounts Payable and Accrued Expenses (Details) - USD ($)	Sep. 30, 2015	Jun. 30, 2015
Payables and Accruals [Abstract]
Accounts payable	$ 126,024	$ 131,454
Accrued salaries and payroll taxes	909,654	849,279
Accrued interest	3,110,435	3,031,152
Accrued legal expenses	172,091	172,091
Accrued consulting fees	173,870	173,870
Other accrued expenses	26,888	26,888
Total	$ 4,518,961	$ 4,384,734

Due to Officer (Details Narrati

Due to Officer (Details Narrative) - USD ($)	3 Months Ended
	Sep. 30, 2015	Jun. 30, 2015
Due to officers	$ 1,863,633	$ 1,879,458
Officer [Member]
Unsecured and due on demand	100,000
Board of Directors [Member]
Short term note payable	100,000
Interest bearing per month payable	$ 3,000

Due to Officer - Components of

Due to Officer - Components of Due to Officer (Details) - USD ($)	Sep. 30, 2015	Jun. 30, 2015
Due to Officers/Directors	$ 1,863,633	$ 1,879,458
Henry Fahman [Member]
Due to Officers/Directors	1,562,133	1,577,958
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 ($)	Sep. 30, 2015	Jun. 30, 2015
Short-term notes payable	$ 1,320,000	$ 1,342,618
Accrued interest	3,110,435	3,031,152
Preferred stock shares subscribed	215,000
Advances from Customers	563,219	563,219
Preferred Stockholders [Member]
Short-term notes payable	$ 393,905	$ 387,455
Minimum [Member]
Short term notes payable interest rate	0.00%
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)	Sep. 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	Sep. 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) - USD ($)	Apr. 02, 2015	Mar. 15, 2012	Sep. 30, 2015	Jun. 30, 2015
Number of authorized capital stock			400,000,000
Number of authorized capital stock, par value			$ 0.001
Common stock, shares authorized			300,000,000	300,000,000
Common stock, par value			$ 0.001	$ 0.001
Preferred stock, shares authorized			100,000,000	100,000,000
Preferred stock, par value			$ 0.001	$ 0.001
Common stock reverse stock split		1 for 1,500
Treasury stock, post-split shares			26,789	3,289
Treasury stock, value			$ 3,824	$ 3,801
Issuance of common stock, post-split shares			9,559,165
Shares reserved for special dividend distribution			5,673,327
Preferred stock issued
Preferred stock outstanding
Class A Preferred Stock [Member]
Common stock, par value	$ 0.001
Preferred stock, shares authorized	100,000,000
Preferred stock, par value	$ 0.001
Preferred stock designated share	50,000,000
Percentage of non compounding cumulative dividends per annum	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%

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

Other Expense - Schedule of Oth

Other Expense - Schedule of Other Expense (Details)	3 Months Ended
	Sep. 30, 2014USD ($)
Other Income and Expenses [Abstract]
Interest expense (net)	$ (79,507)
Gain on sale of marketable securities	156,311
NET OTHER INCOME	$ 76,804

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	Sep. 30, 2015	Sep. 30, 2014
Henry Fahman [Member]
Accrued salaries	$ 52,500	$ 52,500
Tina Phan [Member]
Accrued salaries	$ 52,500	$ 52,500

Contracts and Commitments (Deta

Contracts and Commitments (Details Narrative)

Sep. 01, 2015USD ($)T

Jul. 17, 2015USD ($)shares

Jul. 16, 2015USD ($)shares

Jun. 24, 2015USD ($)

Jun. 12, 2015MMcf

Jun. 03, 2015

Jan. 07, 2015aT

Jan. 17, 2014

Nov. 14, 2013

Aug. 16, 2013

Feb. 25, 2013

Jan. 28, 2013

Sep. 30, 2011USD ($)

Sep. 30, 2015USD ($)a

Sep. 30, 2014USD ($)

Sep. 11, 2015MMcf

Aug. 07, 2015USD ($)a

Jul. 31, 2015a

Jun. 30, 2015USD ($)

May. 08, 2015MMcf

Oct. 29, 2014USD ($)

Revenues

$ 40,000

$ 3,131

Customer advances

563,219

$ 563,219

Loans receivable

$ 66,955

$ 66,955

Total area in hectares | a

10

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

Loans receivable

$ 66,955

Klausner Lumber One [Member]

Total area in hectares | a

15

Klausner Lumber One [Member] | Minimum [Member]

Area of land in short tons | T

400,000

Klausner Lumber One [Member] | Maximum [Member]

Area of land in short tons | T

800,000

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

Sports Pouch Beverage Company [Member]

Agreement, term

1 year

Percentage of common stock as compensation for services rendered

40.00%

Primeforth Renewable Energy Ltd [Member]

Agreement, term

2 years

Non-refundable professional fee

$ 20,000

Percentage of cash success fee

4.00%

Hai P. Nguyen [Member] | Settlement and Payment Agreement [Member]

Stock issued for services

$ 25,000

Stock issued for services, shares | shares

500,000

Asia Green Corp [Member]

Stock compensation expenses

$ 75,000

Number of common stock shares allocated for exchange of funds | shares

500,000

Rat Sokhorn Incorporation Co., Ltd., [Member]

Area of thermal coal concession | a

5,160

Cavico Lao Mining Co., Ltd [Member]

Area of multi mineral mine | a

80

Cavico Lao Mining Co., Ltd [Member] | Minimum [Member]

Estimated value of multi mineral mine

$ 1,500,000,000

Cavico Lao Mining Co., Ltd [Member] | Maximum [Member]

Estimated value of multi mineral mine

$ 4,000,000,000

Vinabenny Energy Joint Stock Company [Member]

Area of land in metric tons | T

84,000

Percentage of equity ownership

50.10%

Payment to acquire business

$ 10,700,000

Redicsaco JSC [Member]

Initial authorized volume of sand | MMcf

25,000,000

Reserve of volume of sand | MMcf

390,000,000

HATICInvestment Development Joint Stock Company [Member]

Percentage of equity ownership

50.90%

Colebrand Interenational Ltd [Member]

Agreement, term

2 years

Agreement extended expiration date

Dec. 10, 2015

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 extended expiration date

Aug. 15, 2015

NE Nord Energy Joint Stock Company [Member]

Agreement, term

2 years

Asia Green Corp [Member]

Agreement, term

1 year

Going Concern Uncertainty (Deta

Going Concern Uncertainty (Details Narrative) - USD ($)	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Jun. 30, 2015
Accumulated deficit	$ 37,746,970		$ 37,679,736
Net loss	19,874	$ (200,089)
Proceeds from private placement	$ 60,000,000
Number of common stock units for offering	40,000,000
Stock price per unit	$ 1.50
12% Cumulative Convertible Redeemable Preferred Stock [Member]
Percentage of cumulative convertible redeemable preferred stock	12.00%
Percentage of discount to market price at time of conversion	25.00%
Warrant [Member]
Percentage of discount to market price at time of exercise	25.00%

Subsequent Event (Details Narra

Subsequent Event (Details Narrative) - Subsequent Event [Member] - Business Cooperation and Investment Agreement [Member]	Oct. 26, 2015MMcf
Hung Thinh Minerals Investment Co., Ltd [Member]
Titanium mine capacity to produce increase per year	150,000
Percentage of equity ownership	49.00%
Percentage of proxy voting rights	2.00%
Spartan Mining and Development Corporation [Member]
Estimated Volume of lahar sand to dredged from rivers	1,400,000,000