Philux Global (PHIL) 10-Q 16 May 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Mar. 31, 2016	May. 16, 2016
Document And Entity Information
Entity Registrant Name	PHI GROUP INC
Entity Central Index Key	704,172
Document Type	10-Q
Document Period End Date	Mar. 31, 2016
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		15,240,825
Trading Symbol	PHIL
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2,016

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($)	Mar. 31, 2016	Jun. 30, 2015
Current assets:
Cash and cash equivalents	$ 11,139	$ 10,654
Marketable securities	375,850	350,556
Loans receivable	12,123	9,841
Total current assets	399,111	$ 371,051
Fixed assets
Land	82,733
Total fixed assets	82,733
Other assets:
Other assets	144,505	$ 77,729
Prepaid Expense	11,000
Total other assets	155,505	$ 77,729
Total Assets	637,349	448,780
Current liabilities:
Accounts payable	131,671	131,454
Accrued expenses	4,585,446	4,253,280
Short-term notes payable	677,660	1,342,618
Due to officers	833,758	1,879,458
Due to preferred stockholders	215,000	215,000
Advances from customers	558,219	$ 563,219
Client deposits	49,821
Liabilities from discontinued operations	1,045,232	$ 1,045,232
Total current liabilities	$ 8,096,807	$ 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; 14,549,001 issued and 8,875,674 outstanding on 03/31/2016, 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.	$ 242,400	$ 237,447
Treasury stock, $.001 par value, 66,989 and 3,289 shares as of 3/31/2016 and 6/30/2015.	(3,854)	(3,801)
Paid-in capital	30,175,340	28,365,269
Acc. other comprehensive gain (loss)	23,068	99,341
Accumulated deficit	(37,896,413)	(37,679,736)
Total stockholders' deficit	(7,459,458)	(8,981,480)
Total liabilities and stockholders' deficit	$ 637,349	$ 448,780

Consolidated Balance Sheets (U3

Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Mar. 31, 2016	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	14,549,001	9,584,675
Common stock, shares outstanding	8,875,674	3,911,348
Treasury stock, par value	$ 0.001	$ 0.001
Treasury stock, shares	66,989	3,289

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Net revenues
Revenues	$ 97,350	$ 16,000	$ 332,050	$ 31,096
Operating expenses:
Salaries and wages	52,500	52,500	157,500	157,500
Professional services, including non-cash compensation	59,501	40,250	120,311	72,988
General and administrative	29,951	32,999	83,237	78,031
Total operating expenses	141,951	125,749	361,048	308,519
Gain (loss) from operations	(44,601)	(109,749)	(28,998)	(277,423)
Other income and (expenses)
Interest expense	(70,520)	(81,377)	(230,025)	(242,517)
Net gain (loss) on sale of marketable securities	$ (61,827)	(39,286)	$ 131,370	(47,813)
Gain (loss) on settlement of debts		$ (26,125)		(25,845)
Other income (expense)			$ (1,915)	(152)
Net other income (expenses)	$ (132,346)	$ (146,788)	(100,571)	(316,328)
Net income (loss)	(176,948)	(256,537)	(129,569)	(593,750)
Other comprehensive Income
Acc. Other comprehensive loss	23,068	(599,472)	23,068	(599,472)
Comprehensive income (loss)	$ (153,880)	$ (856,009)	$ (106,501)	$ (1,193,222)
Net loss per share:
Basic	$ (.04)	$ (.04)	$ (.03)	$ (.09)
Diluted	$ (.04)	$ (.04)	$ (.03)	$ .09
Weighted average number of shares outstanding:
Basic	4,011,661	6,875,395	4,011,661	6,875,395
Diluted	4,011,661	6,875,395	4,011,661	6,875,395

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash flows from operating activities:
Net income (loss) from operations	$ (129,569)	$ (593,750)
Adjustments to reconcile net income to net cash used in operating activities:
(Increase) decrease in other assets and prepaid expenses	(38,575)	(40,324)
Increase (decrease) in accounts payable and accrued expenses	(1,333,823)	353,765
Net cash provided by (used in) operating activities	(1,501,967)	$ (280,309)
Cash flows from investing activities:
Land purchase	(82,733)
Deposit for acquisition Investment in subsidiary and/or deposit for acquisition	(66,776)	$ (10,774)
Net cash provided by (used in) investing activities	(149,509)	(10,774)
Cash flows from financing activities:
Proceeds/changes from Common Stock	1,815,025	79,252
Change in Accumulated Other Comprehensive Loss	(76,273)	$ 189,900
Adjustment in Accumulated Deficit	(87,108)
Change in Treasury Stock	(52)
Net cash provided by (used in) financing activities	1,651,591	$ 269,152
Net increase in cash and cash equivalents	114	(21,931)
Cash and cash equivalents, beginning of period	10,654	30,623
Cash and cash equivalents, end of period	$ 11,139	$ 8,692

Nature of Business

Nature of Business	9 Months Ended
	Mar. 31, 2016
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 conventional energy and renewables ( www.phiglobal.com www.pacificpetro.com.vn 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. In October 2011, the Company discontinued the operations of Providential Vietnam Ltd., Philand Ranch Limited, a United Kingdom corporation (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 have since mainly focused 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. PHI Capital Holdings, Inc., a wholly owned subsidiary of the Company, provided 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. PRINCIPLES OF CONSOLIDATION The consolidated financial statements include the accounts of PHI Group, Inc., its wholly-owned subsidiary PHI Capital Holdings, its majority-owned subsidiary Cornerstone Biomass Corporation, 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 and nine months ended March 31, 2016 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. Typically, 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 March 31, 2016, the marketable securities have been recorded at $375,850 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 in 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	9 Months Ended
	Mar. 31, 2016
Receivables [Abstract]
Loans Receivable	NOTE 2 Loans receivable consist of the following at March 31, 2016 and June 30, 2015: March 31, 2016 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	9 Months Ended
	Mar. 31, 2016
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. These marketable securities are quoted on the OTC markets and are accounted for in accordance with the provisions of SFAS No. 115. Marketable securities classified as available for sale as of March 31, 2016 consisted of 34,612,106 shares of Myson Group, Inc. (formerly Vanguard Mining Corporation), a public company quoted on the OTC Markets (Trading symbol “MYSN”) and 292,050,000 shares of Sports Pouch Beverage Co., a public company quoted on the OTC Markets (Trading symbol “SPBV”). The fair value of the shares recorded as of March 31, 2016 was $375,850. Securities Available for Sale Level 1 Level 2 Level 3 Total March 31, 2016 - $ 30,302 $ 345,548 $ 375,850 June 30, 2015 $ 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 03/31/16 still held at Assets (Net) (Loss) (Loss) (Sales) (Net) 03/31/16 Marketable Securities $ 350,556 $ 131,370 $ 23,068 $ 292,050 $ 375,850 $ (76,273 ) Total $ 350,556 $ 131,370 $ 23,068 $ 292,050 $ 375,850 $ (76,273 ) The change in unrealized appreciation (depreciation) related to the Level 2 investments still held at March 31, 2016 is ($76,273). Level 1 and Level 2 securities sold during the quarter ended March 31, 2016 were sold at net realized loss of $61,827.

Properties and Equipment

Properties and Equipment	9 Months Ended
	Mar. 31, 2016
Fixed assets
Properties and Equipment	NOTE 4 As of March 31, 2016, 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 equipment as of March 31, 2016.

Other Assets

Other Assets	9 Months Ended
	Mar. 31, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Assets	NOTE 5 The Other Assets comprise of the following as of March 31, 2016 and June 30, 2015: March 31, 2016 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, Christopher Martinez, 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 March 31, 2016, the total amounts owed by Christopher Martinez, deposits for acquisition and the investment in a subsidiary were collectively reported as Other Assets totaling $144,505.

Discontinued Operations

Discontinued Operations	9 Months Ended
	Mar. 31, 2016
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	NOTE 6 As of June 30, 2012, discontinued 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. for practical business and accounting purposes. As of March 31, 2016, the Company had a balance of $1,045,232 as Liabilities from Discontinued Operations.

Accounts Payable and Accrued Ex

Accounts Payable and Accrued Expenses	9 Months Ended
	Mar. 31, 2016
Payables and Accruals [Abstract]
Accounts Payable and Accrued Expenses	NOTE 7 The accounts payable and accrued expenses at March 31, 2016 and June 30, 2015 consist of the following: March 31, 2016 June 30, 2015 Accounts payable 131,671 131,454 Accrued salaries and payroll taxes 1,030,404 849,279 Accrued interest 3,182,194 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 $ 4,717,117 $ 4,384,734

Due to Officer

Due to Officer	9 Months Ended
	Mar. 31, 2016
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, unsecured and due on demand. As of March 31, 2016 and June 30, 2015, the balances were $833,758 and $1,879,458, respectively. Officers/Directors March 31, 2016 June 30, 2015 Henry Fahman 808,758 1,577,958 Tam Bui 0 276,500 Frank Hawkins 12,500 12,500 Lawrence Olson 12,500 12,500 Total $ 833,758 $ 1,879,458

Loans and Promissory Notes

Loans and Promissory Notes	9 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Loans and Promissory Notes	NOTE 9 SHORT TERM NOTES PAYABLE: As of March 31, 2016 and June 30, 2015, the Company had short-term notes payable amounting to $677,660 and $1,342,618 with accrued interest of $3,182,194 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 CONVERTIBLE PROMISSORY NOTE: On February 29, 2016, the Company issued a convertible promissory note in the amount of $56,750 to Auctus Fund, LLC, a Delaware limited liability company. This convertible note is due and payable on November 29, 2016 with interest of 10% per annum. This note is convertible at the election of Auctus Fund, LLC from time to time after the issuance date. In the event of default, the amount of principal and interest not paid when due bear interest at the rate of 24% per annum and the note becomes immediately due and payable. Should an event of default occur, the Company is liable to pay 150% of the then outstanding principal and interest. The note agreement contains covenants requiring Auctus Fund’s written consent for certain activities not in existence or not committed to by the Company on the issuance date of the note, as follows: dividend distributions in cash or shares, stock repurchases, borrowings, sale of assets, certain advances and loans in excess of $100,000, and certain guarantees with respect to preservation of existence of the Company and non-circumvention. Outstanding note principal and interest accrued thereon can be converted in whole, or in part, at any time by Auctus after the issuance date into an equivalent of the Company’s common stock determined by 55% of the average of the two lowest closing trading prices of the Company’s common stock during the twenty (20) trading days prior to the date the conversion notice is sent by Auctus. The Company may prepay the amounts outstanding to Auctus Fund at any time up to the 180 th plus plus DUE TO PREFERRED STOCKHOLDERS OF FORMER SUBSIDIARY: The Company classified $215,000 of preferred stock as a current liability payable to holders of preferred stock in Providential Securities, Inc., a previously discontinued subsidiary of the Company, due to deficiency in compliance of the preferred share subscription agreement 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 the referenced preferred stock of $406,805 and $387,455 have been included in Accrued Interest Expenses on the balance sheets as of March 31, 2016 and June 30, 2015, respectively. ADVANCES FROM CUSTOMERS As of September 30, 2012, the Company reclassified 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 March 31, 2016, the Company recorded $558,219 as Advances from Customers.

Litigation

Litigation	9 Months Ended
	Mar. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Litigation	NOTE 10 LEGAL PROCEEDING SETTLED AND UNPAID AS OF MARCH 31, 2016: 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 March 31, 2016 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 March 31, 2016.

Payroll Liabilities

Payroll Liabilities	9 Months Ended
	Mar. 31, 2016
Payroll Liabilities
Payroll Liabilities	NOTE 11 The payroll liabilities are accrued and recorded as accrued expenses in the consolidated balance sheet. During the fiscal year 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 total 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	9 Months Ended
	Mar. 31, 2016
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 March 31, 2016 were the same since the inclusion of Common stock equivalents is anti-dilutive.

Stockholder's Equity

Stockholder's Equity	9 Months Ended
	Mar. 31, 2016
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 March 31, 2016 was 66,989 post-split shares, valued at $3,854. Common Stock: During the quarter ended March 31, 2016, the Company issued the following amounts of its Common Stock: On February 2, 2016, the Company issued 121,212 shares of PHI Group, Inc.’s restricted Common Stock to an investor under the auspices of Rule 144 for $40,000 in cash, at the price of $0.33 per share. On February 2, 2016, the Company issued 98,084 shares of PHI Group, Inc.’s free-trading Common Stock to a creditor for conversion of a $32,000 loan principal at the price of $0.3263 per share. On February 4, 2016, the Company issued 100,000 shares of PHI Group, Inc.’s restricted Common Stock to an independent consultant for marketing and investor relation services. On March 28, 2016, Henry Fahman, Chairman and Chief Executive Officer of the Company, converted $1,000,000 of debts into 2,688,172 shares of restricted common stock of the Company at the conversion price of $0.372 per share. On March 28, 2016, Tam Bui, an independent director and Chairman of the Audit Committee the Company, converted $276,500 of principal loan amounts and $76,850 of accrued and unpaid interest amounts, totaling $353,350, into 949,866 shares of restricted common stock of the Company at the conversion price of $0.372 per share. On March 28, 2016, Natalie Bui, the spouse of Tam Bui, converted $384,090.50 of principal loan amounts into 1,032,502 shares of restricted common stock of the Company at the conversion price of $0.372 per share. As of March 31, 2016, there were 14,549,001 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	9 Months Ended
	Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-based Compensation Plan	NOTE 14 STOCK-BASED COMPENSATION PLAN On 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 March 31, 2016 the Company has not issued any stock in lieu of cash under this plan.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Mar. 31, 2016
Related Party Transactions [Abstract]
Related Party Transactions	NOTE 15 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 March 31, 2016 and March 31, 2015.

Contracts and Commitments

Contracts and Commitments	9 Months Ended
	Mar. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Contracts and Commitments	NOTE 16 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 $288,219 was booked as Customer Advances in the liability portion of the balance sheet. 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 cooperate with each other to establish and operate a 200,000 MT wood pellet plant in Live Oak, Suwannee County, Florida. 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. On July 31, 2015, PHI Group, Inc. purchased ten acres of land, namely Lots 18 & 19 Eagle’s Nest, Live Oak, Florida 32060 from Klausner Holding USA, Inc., a Georgia corporation, for the purpose of establishing the wood pellet plant. 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. The Company intends to assign and transfer this transaction to American Pacific Resources, Inc., a new subsidiary of PHI Group, Inc. 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. As of March 31, 2016 PHI Capital Holdings, Inc. has received 389,400,000 shares of SPBV stock and recorded a total of 292,050,000 shares as earned revenues from this transaction. 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. 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. 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. The Company intends to assign and transfer this transaction to American Pacific Resources, Inc., a new subsidiary of PHI Group, Inc. 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. The Company intends to assign and transfer this transaction to American Pacific Resources, Inc., a new subsidiary of PHI Group, Inc. 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. This agreement expired on 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. The Company intends to assign and transfer this transaction to American Pacific Resources, Inc., a new subsidiary of PHI Group, Inc. 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. The Company intends to assign and transfer this transaction to American Pacific Resources, Inc., a new subsidiary of PHI Group, Inc. 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). As of the day of this report, HTMI has not completed the due diligence request required by the Company. The Company intends to assign and transfer this transaction to American Pacific Resources, Inc., a new subsidiary of PHI Group, Inc., or otherwise terminate this agreement if it is not able to conduct an audit of HTMI in accordance with 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. On November 24, 2015 both parties signed a Joint Venture Agreement to form a joint venture corporation, to be preferably styled “PHI-Spartan Resources, Inc.,” in order to implement the provisions of the Principle Business Cooperation and Agreement. SALE AND PURCHASE AGREEMENTS OF MARINE SAND FOR EXPORT TO SINGAPORE On December 16, 2015, the Company signed Sale and Purchase Agreements with two Vietnamese companies to export marine sand recovered from dredging projects in Central Vietnam to Singapore for reclamation purposes. The Vietnamese companies are in the process of obtaining the remaining licenses and permits to operate the dredging projects. INVESTMENT IN ANTIMONY MINE IN LAO PEOPLE’S DEMORACTIC REPUBLIC On January 19 and 20, 2016, the Company signed a Business Cooperation Agreement and an Investment Agreement with Khamchaleun Investment Sole Co., Ltd., a Laotian company, to acquire a 35% equity interest in Hung Kham Lao Investment Co., Ltd and co-invest in a 92km 2 ACQUISITION OF MAJORITY INTEREST IN A LIQUEFIED PETROLEUM GAS COMPANY IN VIETNAM On January 23, 2016, PHI Group, Inc. (the “Company”) entered into an agreement to purchase 50.90% of equity ownership (the “Exchange Ownership”) in Pacific Petro Commercial Joint Stock Company (aka Pacific Petro Trading Corporation), a Vietnamese company, hereinafter referred to as “Pacific Petro,” in exchange for a combination of cash and Common Stock and/or Preferred Stock of the Company. The fair value for the Exchange Ownership will be determined by the majority shareholders of Pacific Petro (the “Majority Shareholders”) and the Company after the completion of a business valuation of Pacific Petro by Grant Thornton Vietnam Ltd. and the financial audits of Pacific Petro by a PCAOB-registered auditing firm. Originally established as Binh Duong Gas LLC in 1998, Pacific Petro changed its name to Pacific Petro Commercial Joint Stock Company (aka Pacific Petro Trading Corporation) in May 2010. This company’s headquarters is located at 99 Ich Thanh Street, Truong Thanh Ward, District 9, Ho Chi Minh City, Vietnam. Website: http://www.pacificpetro.com.vn/ Pacific Petro is the third largest private liquefied petroleum gas (LPG) company in Southern Vietnam, engaged in sales of liquefied petroleum gas (LPG), manufacturing of gas canisters and cylinders, filling of LPG, repair and maintenance of gas tanks, and wholesale of solid fuels, liquid, gas and related petroleum products. This company owns a gas canister-manufacturing factory on a 215,200 square-foot lot in Ben Cat District, Binh Duong Province and a gas filling plant on a 65,600 square-foot lot in District 9, Ho Chi Minh City, Vietnam. It has also acquired a 93,600 square-foot lot Go Dau Industrial Park, Dong Nai Province to build a proprietary LPG storage area and has been granted 83 acres in Phu Huu Village, Nhon Trach District, Dong Nai Province to build an integrated port for imports of energy-related commodities and products. PHI Group has engaged Grant Thornton to conduct an independent business valuation of Pacific Petro in order to determine the fair value for the transaction. MEMORANDUM OF UNDERSTANDING FOR BUSINESS COOPERATION & INVESTMENT On March 9, 2016, the Company signed a Memorandum of Understanding for Business Cooperation and Investment with Ses Meas Gas Import Export, Construction & Development Co., Ltd., (“Ses Meas”) a Cambodian company, to cooperate with each other to develop liquefied petroleum gas (LPG) and other energy-related businesses in Cambodia, including but not limited to increasing Ses Meas market share of LPG business in Cambodia, establishing dry port and LPG storage and logistics facilities, engaging in waste-to-energy business, and potentially establishing and operating an oil refinery in Cambodia in conjunction with an qualified international investor. Subsequently, the Company signed a Joint Venture Agreement with W.B.J. Import Export Co., Ltd., an affiliate of Ses Meas, to establish, manage and operate a dry port in Cambodia (NOTE 18: Subsequent Event). BUSINESS COOPERATION AGREEMENT WITH PT JAYA SAKTI GLOBALINDO On March 17, 2016, the Company signed a Business Cooperation Agreement with PT Jaya Sakti Globalindo (JSG), an Indonesian company, to utilize hard assets held by JSG and its affiliates as collaterals for project financing. The parties intend to enter into definitive agreements for the collateral provision in connection with specific projects and the terms and conditions of such provisions.

Going Concern Uncertainty

Going Concern Uncertainty	9 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going Concern Uncertainty	NOTE 17 GOING CONCERN UNCERTAINTY As shown in the accompanying consolidated financial statements, the Company has accumulated deficit of $37,896,413 as of March 31, 2016 and net loss from operations of $129,568 for the nine months ended March 31, 2016. 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 closing the acquisition of a majority interest in Pacific Petro Commercial Joint Stock Company in Vietnam, acquiring a wood pellet plant in Alabama, U.S.A., implementing the reclamation sand business in Southeast Asia, and engaging in international trade involving energy products and industrial commodities. The Company will also use its best efforts to acquire energy-related and natural resource assets and carry out various business cooperation and investment agreements that have been signed with certain international partners. The Company anticipates generating meaningful revenues through the acquisition of Pacific Petro Commercial Joint Stock Company, the wood pellet plant in Alabama, the reclamation sand business, and certain activities in the area of natural resources and international trade. 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 also continues to seek financing in order to implement its business plan. However, no assurances could be made that management would be successful in achieving its plan.

Subsequent Event

Subsequent Event	9 Months Ended
	Mar. 31, 2016
Subsequent Events [Abstract]
Subsequent Event	NOTE 18 JOINT VENTURE WITH CAMBODIAN COMPANY TO SET UP A DRY PORT On April 30, 2016, the Company signed a Joint Venture Agreement with W.B.J. Import Export Co., Ltd., an affiliate of Ses Meas, to establish, manage and operate a dry port in Cambodia. According to the Joint Venture Agreement, PHI Group, Inc. will contribute 65% investment capital to the dry port project and hold 65% equity interest in the joint venture company. ESTABLISHMENT OF NEW SUBSIDIARY On April 05, 2016, the Company formed “American Pacific Resources, Inc.,” a Wyoming corporation as a wholly owned subsidiary of PHI Group, Inc. to serve as the holding company for the Company’s mining, mineral and other natural resource businesses apart from energy-related activities. ISSUANCE OF PHI GROUP, INC.’S COMMON STOCK FOR CONVERSION OF DEBTS On April 08, 2016 a creditor of the Company converted $275,000 of loan balances into 691,824 shares of Common Stock of PHI Group, Inc., at a price of $0.3975 per share. As of May 20, 2016, the Company has 15,240,825 shares of Common Stock issued and 9,567,498 shares of Common Stock outstanding, respectively. LETTER OF INTENT TO PURCHASE A WOOD PELLET PLANT IN DEKALB COUNTY, ALABAMA, U.S.A. On April 26, 2016, American Pacific Resources, Inc., a wholly owned subsidiary of the Company, signed a Letter of Intent with Lee Energy Solutions, LLC, an Alabama limited liability company, to acquire 100% of assets in a 100,000 MT wood pellet plant located in DeKalb County, Northeast Alabama. The consummation of this transaction is subject to satisfactory due diligence, the signing of a Definitive Sale and Purchase Agreement and financing for the acquisition.

Nature of Business (Policies)

Nature of Business (Policies)	9 Months Ended
	Mar. 31, 2016
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, its majority-owned subsidiary Cornerstone Biomass Corporation, 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 and nine months ended March 31, 2016 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. Typically, 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 March 31, 2016, the marketable securities have been recorded at $375,850 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 in 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)	9 Months Ended
	Mar. 31, 2016
Receivables [Abstract]
Schedule of Loans Receivable	Loans receivable consist of the following at March 31, 2016 and June 30, 2015: March 31, 2016 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 26

Marketable Equity Securities Available for Sale (Tables)	9 Months Ended
	Mar. 31, 2016
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 March 31, 2016 - $ 30,302 $ 345,548 $ 375,850 June 30, 2015 $ 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 03/31/16 still held at Assets (Net) (Loss) (Loss) (Sales) (Net) 03/31/16 Marketable Securities $ 350,556 $ 131,370 $ 23,068 $ 292,050 $ 375,850 $ (76,273 ) Total $ 350,556 $ 131,370 $ 23,068 $ 292,050 $ 375,850 $ (76,273 )

Other Assets (Tables)

Other Assets (Tables)	9 Months Ended
	Mar. 31, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Other Assets	The Other Assets comprise of the following as of March 31, 2016 and June 30, 2015: March 31, 2016 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 28

Accounts Payable and Accrued Expenses (Tables)	9 Months Ended
	Mar. 31, 2016
Payables and Accruals [Abstract]
Schedule of Accounts Payable and Accrued Expenses	The accounts payable and accrued expenses at March 31, 2016 and June 30, 2015 consist of the following: March 31, 2016 June 30, 2015 Accounts payable 131,671 131,454 Accrued salaries and payroll taxes 1,030,404 849,279 Accrued interest 3,182,194 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 $ 4,717,117 $ 4,384,734

Due to Officer (Tables)

Due to Officer (Tables)	9 Months Ended
	Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Components of Due to Officer	Officers/Directors March 31, 2016 June 30, 2015 Henry Fahman 808,758 1,577,958 Tam Bui 0 276,500 Frank Hawkins 12,500 12,500 Lawrence Olson 12,500 12,500 Total $ 833,758 $ 1,879,458

Loans and Promissory Notes (Tab

Loans and Promissory Notes (Tables)	9 Months Ended
	Mar. 31, 2016
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

Nature of Business (Details Nar

Nature of Business (Details Narrative) - USD ($)	Mar. 31, 2016	Jun. 30, 2015
Maximum percentage of outstanding common stock and stock equivalents of investee	20.00%
Marketable securities	$ 375,850	$ 350,556
Pacific Petro Trading Corporation [Member]
Percentage of acquire equity interest	50.90%

Loans Receivable - Schedule of

Loans Receivable - Schedule of Loans Receivable (Details) - USD ($)	Mar. 31, 2016	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 33

Marketable Equity Securities Available for Sale (Details Narrative) - USD ($)	9 Months Ended
	Mar. 31, 2016	Jun. 30, 2015
Maximum percentage of outstanding common stock and stock equivalents of investee	20.00%
Fair value of marketable securities	$ 375,850	$ 350,556
Unrealized Gain or (Loss)	(76,273)
Net realized gain on securities sold	$ 61,827
Myson Group, Inc [Member] | OTC Markets [Member]
Number of marketable securities available for sale	34,612,106
Sports Pouch Beverage Co [Member]
Number of marketable securities available for sale	292,050,000
Sports Pouch Beverage Co [Member] | OTC Markets [Member]
Number of marketable securities available for sale	292,050,000

Marketable Equity Securities 34

Marketable Equity Securities Available for Sale - Schedule of Fair value of Investments Marketable Equity Securities (Details) - USD ($)	Mar. 31, 2016	Jun. 30, 2015
Marketable Securities	$ 375,850	$ 350,556
Level 1 [Member]
Marketable Securities		16,828
Level 2 [Member]
Marketable Securities	$ 30,302	301,562
Level 3 [Member]
Marketable Securities	$ 345,548	$ 32,166

Marketable Equity Securities 35

Marketable Equity Securities Available for Sale - Schedule of Assets Marketable Equity (Details)	9 Months Ended
	Mar. 31, 2016USD ($)
Balance beginning	$ 350,556
Realized Gain or (Loss)	131,370
Unrealized Gain or (Loss)	23,068
Net purchases (Sales)	292,050
Balance ending	375,850
Changes in Unrealized Gain (Loss) for Investments still held	(76,273)
Marketable Securities [Member]
Balance beginning	350,556
Realized Gain or (Loss)	131,370
Unrealized Gain or (Loss)	23,068
Net purchases (Sales)	292,050
Balance ending	375,850
Changes in Unrealized Gain (Loss) for Investments still held	$ (76,273)

Properties and Equipment (Detai

Properties and Equipment (Details Narrative)	Mar. 31, 2016USD ($)a	Jun. 30, 2015USD ($)
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	Mar. 31, 2016	Jun. 30, 2015	Jun. 30, 2014
Loans receivable		$ 66,955	$ 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 ($)	Mar. 31, 2016	Jun. 30, 2015	Jun. 30, 2014
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Loans Receivable	$ 66,955	$ 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)	Mar. 31, 2016USD ($)
Discontinued Operations and Disposal Groups [Abstract]
Liabilities from discontinued operations	$ 1,045,232

Accounts Payable and Accrued 40

Accounts Payable and Accrued Expenses - Schedule of Accounts Payable and Accrued Expenses (Details) - USD ($)	Mar. 31, 2016	Jun. 30, 2015
Payables and Accruals [Abstract]
Accounts payable	$ 131,671	$ 131,454
Accrued salaries and payroll taxes	1,030,404	849,279
Accrued interest	3,182,194	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	$ 4,717,117	$ 4,384,734

Due to Officer (Details Narrati

Due to Officer (Details Narrative) - USD ($)	Mar. 31, 2016	Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Due to officers	$ 833,758	$ 1,879,458

Due to Officer - Components of

Due to Officer - Components of Due to Officer (Details) - USD ($)	Mar. 31, 2016	Jun. 30, 2015
Due to Officers/Directors	$ 833,758	$ 1,879,458
Henry Fahman [Member]
Due to Officers/Directors	808,758	1,577,958
Tam Bui [Member]
Due to Officers/Directors	0	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 ($)	Feb. 29, 2016	Mar. 31, 2016	Jun. 30, 2015
Short-term notes payable		$ 677,660	$ 1,342,618
Accrued interest		3,182,194	3,031,152
Preferred stock shares subscribed		215,000
Advances from Customers		558,219	563,219
Auctus Fund, LLC [Member]
Convertible promissory note	$ 56,750
Due and payable date	Nov. 29, 2016
Percentage of interest per annum	10.00%
Note due and payable, description	In the event of default, the amount of principal and interest not paid when due bear interest at the rate of 24% per annum and the note becomes immediately due and payable.
Percentage of liable to pay of outstanding principal and interest	150.00%
Advance and loans in excess	$ 100,000
Percentage of common stock determined of average of trading price	55.00%
Convertible issuance, description	Outstanding note principal and interest accrued thereon can be converted in whole, or in part, at any time by Auctus after the issuance date into an equivalent of the Company’s common stock determined by 55% of the average of the two lowest closing trading prices of the Company’s common stock during the twenty (20) trading days prior to the date the conversion notice is sent by Auctus. The Company may prepay the amounts outstanding to Auctus Fund at any time up to the 180th day following the issue date of this note by making a payment to the note holder of an amount in cash equal to 125% to 150%, multiplied by the sum of: (w) the then outstanding principal amount of this Note plus (x) accrued and unpaid interest on the unpaid principal amount of this Note plus (y) Default Interest, depending on the time of prepayment.
Preferred Stockholders [Member]
Accrued interest		$ 406,805	$ 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)	Mar. 31, 2016USD ($)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	Mar. 31, 2016	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, interest and tax	$ 118,399
Internal Revenue Service [Member]
Penalties, interest and tax	41,974
Internal Revenue Service [Member]
Penalties, interest and tax	$ 19,290

Stockholder's Equity (Details N

Stockholder's Equity (Details Narrative) - USD ($)	Mar. 28, 2016	Feb. 04, 2016	Feb. 02, 2016	Apr. 02, 2015	Mar. 15, 2012	Mar. 31, 2016	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
Common stock adjusted for Reverse Split for one Share					1,500
Treasury stock, post-split shares						66,989	3,289
Treasury stock, value						$ 3,854	$ 3,801
Issued share per share price						$ 1.50
Accrued and unpaid interest amount						$ 3,182,194	$ 3,031,152
Issuance of common stock, post-split shares						14,549,001
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%
Investor [Member]
Number of shaers issued during period to investor in cash, shares			121,212
Issued shares to investor in cash, value			$ 40,000
Issued share per share price			$ .33
Creditor [Member]
Number of shaers issued during period to investor in cash, shares			98,084
Issued shares to investor in cash, value			$ 32,000
Issued share per share price			$ 0.3263
Consultant [Member]
Number of shares issued during period for services		100,000
Henry Fahman [Member]
Converted shares, value	$ 1,000,000
Number of converted shares during period	2,688,172
Conversion price per share	$ 0.372
Tam Bui [Member]
Converted shares, value	$ 353,350
Number of converted shares during period	949,866
Conversion price per share	$ 0.372
Converted principal loan amount	$ 276,500
Accrued and unpaid interest amount	76,850
Natalie Bui [Member]
Converted shares, value	$ 384,090
Number of converted shares during period	1,032,502
Conversion price per share	$ 0.372

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

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	Mar. 31, 2016	Mar. 31, 2015
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)

Jan. 20, 2016T

Sep. 01, 2015USD ($)T

Jul. 17, 2015USD ($)shares

Jul. 16, 2015USD ($)shares

Jun. 24, 2015USD ($)

Jun. 03, 2015

Jan. 07, 2015aT

Sep. 30, 2011USD ($)

Mar. 31, 2016USD ($)ashares

Mar. 31, 2015USD ($)

Mar. 31, 2016USD ($)ashares

Mar. 31, 2015USD ($)

Jan. 23, 2016ft²

Jan. 19, 2016

Oct. 30, 2015T

Sep. 11, 2015MMcf

Aug. 07, 2015USD ($)a

Jul. 31, 2015a

Jun. 30, 2015USD ($)

Jun. 12, 2015MMcf

May. 08, 2015MMcf

Jun. 30, 2014USD ($)

Revenues

$ 97,350

$ 16,000

$ 332,050

$ 31,096

Customer advances

558,219

558,219

$ 563,219

Loans receivable

$ 66,955

$ 66,955

$ 66,955

$ 66,955

Total area in hectares | a

10

10

Klausner Lumber One [Member]

Total area in hectares | a

10

Kien Hoang Minerals Joint Stock Company [Member]

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

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

Agreement expire date

Dec. 31, 2015

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%

Hung Thinh Minerals Investment Co., Ltd [Member] | Business Cooperation and Investment Agreement [Member]

Percentage of equity ownership

49.00%

Titanium mine capacity to produce increase per year | T

150,000

Percentage of proxy voting rights

2.00%

Spartan Mining and Development Corporation [Member] | Business Cooperation and Investment Agreement [Member]

Estimated volume of lahar sand to dredged from rivers | T

1,400,000,000

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

Area of land in metric tons | T

200,000

Khamchaleun Investment Sole Co., Ltd [Member]

Area of land in metric tons | T

350,000

Percentage of equity ownership

35.00%

Pacific Petro Trading Corporation [Member]

Percentage of equity ownership

50.90%

Pacific Petro Trading Corporation [Member] | Gas Canister-Manufacturing Factory [Member]

Total area in hectares | ft²

215,200

Pacific Petro Trading Corporation [Member] | Gas Filling Plant [Member]

Total area in hectares | ft²

65,600

Pacific Petro Trading Corporation [Member] | Go Dau Industrial Park [Member]

Total area in hectares | ft²

93,600

Pacific Petro Trading Corporation [Member] | LPG storage area [Member]

Total area in hectares | ft²

83

Thinh Hung Investment Co [Member]

Revenues

$ 26,656

Customer advances

$ 288,219

Sports Pouch Beverage Co [Member]

Agreement, term

1 year

Number of shares received from mergers | shares

389,400,000

389,400,000

Number of marketable securities available for sale | shares

292,050,000

292,050,000

Going Concern Uncertainty (Deta

Going Concern Uncertainty (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015	Jun. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accumulated deficit	$ 37,896,413		$ 37,896,413		$ 37,679,736
Net loss	$ 176,948	$ 256,537	$ 129,569	$ 593,750

Subsequent Event (Details Narra

Subsequent Event (Details Narrative)	Apr. 30, 2016	Apr. 26, 2016T	Apr. 08, 2016USD ($)$ / sharesshares	May. 20, 2016shares	Mar. 31, 2016shares	Jun. 30, 2015shares
Common stock, shares issued					14,549,001	9,584,675
Common stock, shares outstanding					8,875,674	3,911,348
Subsequent Event [Member]
Converted principal loan amount | $			$ 275,000
Number of converted shares during period			691,824
Conversion price per share | $ / shares			$ 0.3975
Common stock, shares issued				15,240,825
Common stock, shares outstanding				9,567,498
Subsequent Event [Member] | American Pacific Resources Inc [Member]
Percentage of acquire of assets		100.00%
Area of land in metric tons | T		100,000
Subsequent Event [Member] | Join Venture Agreement [Member]
Joint venture, description	According to the Joint Venture Agreement, PHI Group, Inc. will contribute 65% investment capital to the dry port project and hold 65% equity interest in the joint venture company.