Philux Global (PHIL) 10-Q 19 Feb 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Dec. 31, 2018	Feb. 18, 2019
Document And Entity Information
Entity Registrant Name	PHI GROUP INC
Entity Central Index Key	704,172
Document Type	10-Q
Document Period End Date	Dec. 31, 2018
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Entity Filer Category	Non-accelerated Filer
Entity Small Business Flag	true
Entity Emerging Growth Company	false
Entity Ex Transition Period	false
Entity Common Stock, Shares Outstanding		1,208,383,378
Trading Symbol	PHIL
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,019

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2018	Jun. 30, 2018
Current assets:
Cash and cash equivalents	$ 3,782	$ 13,937
Marketable securities	518,266	1,100,483
Accounts receivable	632,000	432,000
Other current assets	1,018,934	174,877
Total current assets	2,172,982	1,721,298
Other assets:
Investments	26,316,419	25,005,000
Contract Assets	2,497,841	697,841
Total other assets	28,814,260	25,702,841
Total Assets	30,987,242	27,424,139
Current Liabilities:
Accounts payable	114,538	116,063
Accrued expenses	464,337	392,205
Short-term notes payable - Net	1,552,033	1,336,552
Due to officers and directors	448,017	233,577
Contract Liabilities	2,497,841	697,841
Derivative liabilities - Net	1,102,699	738,814
Other current payable	92,781	92,781
Total current liabilities	6,272,247	3,607,834
Long-term Liabilities
Demand promissory note	24,048,500	24,048,500
Accrued expenses	1,174,565	1,063,481
Accrued interest	2,067,349	2,005,815
Advances from Customers	288,219	288,219
Liabilities from Discontinued Operations	1,255,037	1,255,037
Total Long-term Liabilities	28,833,670	28,661,052
Total Liabilities	35,105,916	32,268,886
Stockholders' deficit:
Preferred Stock, value	1,625,534	314,100
APIC - Common Stock	34,884,083	33,887,240
Common Stock to be cancelled - 100,000 shares previously issued to Level Logic, Inc.	$ (33,000)	$ (33,000)
Common Stock to be issued	2,600
Total Common Stock	$ 35,558,741	$ 34,237,160
Treasury stock: 484,767 and 321,569 shares as of 12/31/18 and 6/30/18, respectively - cost method.	(44,170)	(44,170)
Common Stock to be issued - American Pacific Resources, Inc. subsidiary	447,500	447,500
Acc. other comprehensive gain (loss)	169,744	751,962
Accumulated deficit	(41,876,024)	(40,551,299)
Total stockholders' deficit	(4,118,674)	(4,844,747)
Total liabilities and stockholders' deficit	30,987,242	27,424,139
Common Stock [Member]
Stockholders' deficit:
Total Common Stock	705,058	382,920
Class A Series II Preferred Stock [Member]
Stockholders' deficit:
Preferred Stock, value	10,000	10,000
APIC - Common Stock	304,100	304,100
Class A Series III Preferred Stock [Member]
Stockholders' deficit:
Preferred Stock, value	50,000
APIC - Common Stock	1,261,419
Class B Series I Preferred Stock [Member]
Stockholders' deficit:
Preferred Stock, value	$ 15

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2018	Dec. 27, 2018	Nov. 11, 2018	Oct. 29, 2018	Jun. 30, 2018
Preferred stock, par value	$ 0.001	$ 0.001	$ 0.001	$ 0.001	$ 0.001
Preferred stock, shares authorized	100,000,000	200,000,000	200,000,000	200,000,000	100,000,000
Common stock, par value	$ 0.001	$ 0.001	$ 0.001	$ 0.001	$ 0.001
Common stock, shares authorized	6,900,000,000	5,000,000,000	4,000,000,000	3,000,000,000	6,900,000,000
Common stock, shares issued	447,379,900				135,893,815
Common stock, shares outstanding	447,379,900				135,893,815
Treasury stock, shares	484,767				321,569
Level Logic, Inc. [Member]
Common stock, shares issued	100,000				100,000
Class A Series II Preferred Stock [Member]
Preferred stock, shares issued	10,000,000				10,000,000
Preferred stock, shares outstanding	10,000,000				10,000,000
Class A Series II Preferred Stock [Member] | Additional Paid-in Capital [Member]
Preferred stock, shares issued	10,000,000				10,000,000
Preferred stock, shares outstanding	10,000,000				10,000,000
Class A Series III Preferred Stock [Member]
Preferred stock, shares issued	50,000,000
Preferred stock, shares outstanding	50,000,000
Class A Series III Preferred Stock [Member] | Additional Paid-in Capital [Member]
Preferred stock, shares issued	50,000,000
Preferred stock, shares outstanding	50,000,000
Class B Series I Preferred Stock [Member]
Preferred stock, shares issued	15,000
Preferred stock, shares outstanding	15,000

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Net revenues
Revenues	$ 200,000	$ 432,000	$ 200,000	$ 460,500
Operating expenses:
Salaries and wages	52,500	52,500	105,000	104,500
Professional services, including non-cash compensation	69,699	35,172	220,263	73,503
General and administrative	56,752	47,500	134,185	91,463
Total operating expenses	178,951	135,172	459,448	269,466
Gain (loss) from operations	21,049	296,828	(259,448)	191,034
Other income and (expenses)
Net interest income (expense)	(395,551)	(295,045)	(1,026,458)	(512,617)
Loss on equity investment
Gain (loss) on settlement of debts		(9,310)		(187,320)
Dividends - Class A Series II & Series III Preferred Stock	(32,510)	(390,137)	(38,792)	(390,137)
Other income (expense)	(30)	(37,570)	(27)	(487,748)
Net other income (expenses)	(428,091)	(732,062)	(1,065,277)	(1,577,822)
Net income (loss)	(407,043)	(435,234)	(1,324,725)	(1,386,787)
Other comprehensive Income
Acc. Other comprehensive gain (loss)	169,744	95,651	169,744	95,651
Comprehensive income (loss)	$ (237,298)	$ (339,583)	$ (1,154,981)	$ (1,291,136)
Net loss per share:
Basic	$ 0	$ (0.01)	$ 0	$ (0.02)
Diluted	$ 0	$ (0.01)	$ 0	$ (0.02)
Weighted average number of shares outstanding:
Basic	331,277,496	55,754,516	331,277,496	55,754,516
Diluted	331,277,496	55,754,516	331,277,496	55,754,516

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Cash flows from operating activities:
Net income (loss) from operations	$ (1,324,725)	$ (1,386,787)
Adjustments to reconcile net income to net cash used in operating activities:
(Increase) decrease in other assets and prepaid expenses	(2,261,839)	(330,376)
Increase (decrease) in accounts payable and accrued expenses	2,664,413	551,192
Net cash provided by (used in) operating activities	(922,151)	(775,834)
Cash flows from investing activities:
Investments in Vinafilms JSC.	(1,311,419)	(25,005,000)
Net cash provided by (used in) investing activities	(1,311,419)	(25,005,000)
Cash flows from financing activities:
Common Stock and APIC	1,318,981	955,102
Common Stock to be issued	2,600
Preferred Stock and APIC	1,311,434	20,000,000
Acc. Other Comprehensive Income (Loss)	(582,217)	(57,823)
Changes in Treasury Stock		(3,262)
Demand Promissory Note		4,939,500
Decrease in minority interest Other Adjustment	172,617	(6,020)
Net cash provided by (used in) financing activities	2,223,415	25,827,497
Net increase in cash and cash equivalents	(10,154)	46,664
Cash and cash equivalents, beginning of period	13,937	38,369
Cash and cash equivalents, end of period	$ 3,782	$ 85,032

Nature of Business

Nature of Business	6 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
Nature of Business	NOTE 1 NATURE OF BUSINESS INTRODUCTION PHI Group, Inc. (the “Company” or “PHI”) is engaged in mergers and acquisitions as a principal ( www.phiglobal.com www.phicapitalholdings.com BACKGROUND Originally incorporated on June 8, 1982 as JR Consulting, Inc., a Nevada corporation, the Company applied for a Certificate of Domestication and filed Articles of Domestication to become a Wyoming corporation on September 20, 2017. In the beginning, the Company was foremost 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 financial services company, the Company changed its name to Providential Securities, Inc., a Nevada corporation, 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 and its subsidiaries were engaged in mergers and acquisitions advisory and consulting services, real estate and hospitality development, mining, oil and gas, telecommunications, technology, healthcare, private equity, and special situations. 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 - US, and Philand Vietnam Ltd. - Vietnam), PHI Gold Corporation (formerly PHI Mining Corporation, a Nevada corporation), and PHI Energy Corporation (a Nevada corporation), and mainly focused on acquisition and development opportunities in energy and natural resource businesses. At the present, the Company is engaged in mergers and acquisitions as a principal and investments in natural resources, energy, agriculture, consumer goods, technology and special situations. In addition, PHI Capital Holdings, Inc., a wholly owned subsidiary of PHI, continues to provide corporate and project finance services, including merger and acquisition (M&A) advisory and consulting services for other companies in a variety of industries. Furthermore, PHI is in the process of completing the establishment of PHILUX Global Funds, a Luxembourg Bank Fund in accordance with the “Reserved Alternative Investment Fund” (“RAIF”), and a number of initial sub-funds thereunder for agricultural, energy, real estate projects and other investments, in accordance with the Luxembourg Law of July 23, 2016 relative to reserved alternative investment funds, Law of August 23, 2016 relative to commercial companies, and Modified Law of July 12, 2013 relative to alternative investment fund managers. The Company has also been working with special international partners and the Chu Lai Open Economic Zone Authority to potentially develop and establish an Asia Diamond Exchange in the Free-Trade Zone of Quang Nam Province, Vietnam. No assurances can be made that the Company will be successful in achieving its plans.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	NOTE 2 PRINCIPLES OF CONSOLIDATION The consolidated financial statements include the accounts of PHI Group, Inc., its wholly owned subsidiaries PHI Capital Holdings, Inc., American Pacific Resources, Inc., American Pacific Plastics, Inc., PHI EZ Water Tech, Inc., and its previously discontinued operations, 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, 2018. 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 six months ended December 31, 2018 are not necessarily indicative of the results to be expected for the fiscal year ending June 30, 2019. 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 OTC Markets or other public exchanges. 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 December 31, 2018, the marketable securities were recorded at $518,266, based upon the fair value of the marketable securities at that time. 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 3 Fair value is a market-based measure, based on assumptions of prices and inputs considered from the perspective of a market participant that are current as of the measurement date, rather than an entity-specific measure. Therefore, even when market assumptions are not readily available, the Company’s own assumptions are set to reflect those that market participants would use in pricing the asset or liability at the measurement date. The availability of valuation techniques and observable inputs can vary from investment to investment and are affected by a wide variety of factors, including; type of investment, whether the investment is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the transaction. To the extent that valuation is based upon models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Because of the inherent uncertainty of valuation, those estimated values may be materially higher or lower than the values that would have been used had a ready market for the investments existed. Accordingly, the degree of judgment exercised by the Fund in determining fair value is greatest for investments categorized in Level 3. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level in the fair value hierarchy in which the fair value measurement falls in its entirety is determined based upon the lowest level input that is significant to the fair value measurement. Fair Value - Valuation Techniques and Inputs The Company holds and may invest public securities traded on public exchanges or over-the-counter (OTC), private securities, real estate, convertible securities, interest bearing securities and other types of securities and has adopted specific techniques for their respective valuations. Equity Securities in Public Companies Unrestricted The Company values investments in securities that are freely tradable and listed on major securities exchanges at their last reported sales price as of the valuation date. To the extent these securities are actively traded and valuation adjustments are not applied, they are categorized in Level 1 of the fair value hierarchy. Securities traded on inactive markets or valued by reference to similar instruments are generally categorized in Level 2 or 3 of the fair value hierarchy. Restricted Securities traded on public exchanges or over-the-counter (OTC) where there are formal restrictions that limit (i.e. Rule 144 holding periods and underwriter’s lock-ups) their sale shall be valued at the closing price on the date of valuation less applicable discounts. The Company may apply a discount to securities with Rule 144 restrictions. Additional discounts may be assessed if the Company believes there are other mitigating factors which warrant the additional discounting. When determining potential additional discounts, factors that will be taken into consideration include, but are not limited to; securities’ trading characteristics, volume, length and overall impact of the restriction as well as other macro-economic factors. Valuations should be discounted appropriately until the securities may be freely traded. If it has been determined that the exchange or OTC listed price does not accurately reflect fair market value, the Company may elect to treat the security as a private company and apply an alternative valuation method. Investments in restricted securities of public companies may be included in Level 2 of the fair value hierarchy. However, to the extent that significant inputs used to determine liquidity discounts are not observable, investments in restricted securities in public companies may be categorized in Level 3 of the fair value hierarchy. The Company’s financial instruments primarily consist of cash and cash equivalents, accounts receivable, marketable securities, short-term notes payable, convertible notes, derivative liability and accounts payable. As of the balance sheet dates, the estimated fair values of the financial instruments were not materially different from their carrying values as presented on the balance sheet. This is primarily attributed to the short maturities of these instruments. Effective July 1, 2008, the Company adopted ASC 820 (previously SFAS 157), Fair Value Measurements Assets measured at fair value on a recurring basis are summarized below. The Company also has convertible notes and derivative liabilities as disclosed in this report that are measured at fair value on a regular basis until paid off or exercised. Available-for-sale securities The Company uses various approaches to measure fair value of available-for-sale securities, while applying the three-level valuation hierarchy for disclosures, specified in ASC 820. Our Level 1 securities were measured using the quoted prices in active markets for identical assets and liabilities. The company’s policy regarding the transfers in and/or out of Level 3 depends on the trading activity of the security, the volatility of the security, and other observable units which clearly represents the fair value of the security. If a level 3 security can be measured using a more fairly represented fair value, we will transfer these securities either into Level 1 or Level 2, depending on the type of inputs. ACCOUNTS RECEIVABLE Management reviews the composition of accounts receivable and analyzes historical bad debts. As of December 31, 2018, the Company had accounts receivable in the amount of $632,000. 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 STANDARDS ASC 606-10 provides the following overview of how revenue is recognized from an entity’s contracts with customers: An entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Step 1: Identify the contract(s) with a customer. Step 2: Identify the performance obligations in the contract. Step 3: Determine the transaction price – The transaction price is the amount of consideration in a contract to which an entity expects to be entitled in exchange for transferring promised goods or services to a customer. Step 4: Allocate the transaction price to the performance obligations in the contract – Any entity typically allocates the transaction price to each performance obligation on the basis of the relative standalone selling prices of each distinct good or service promised in the contract. Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation – An entity recognizes revenue when (or as) it satisfies a performance obligation by transferring a promised good or service to a customer (which is when the customer obtains control of that good or service). The amount of revenue recognized is the amount allocated to the satisfied performance obligation. A performance obligation may be satisfied at a point in time (typically for promises to transfer goods to a customer) or over time (typically for promises to transfer service to a customer). For performance obligations satisfied over time, an entity recognizes revenue over time by selecting an appropriate method for measuring the entity’s progress toward complete satisfaction of that performance obligation. (Paragraphs 606-10 25-23 through 25-30). In addition, ASC 606-10 contains guidance on the disclosures related to revenue, and notes the following: It also includes a cohesive set of disclosure requirements that would result in an entity providing users of financial statements with comprehensive information about the nature, amount, timing, and uncertainty of revenue and cash flows arising from the entity’s contracts with customers. Specifically, Section 606-10-50 requires an entity to provide information about: - Revenue recognized from contracts with customers, including disaggregation of revenue into appropriate categories. - Contract balances, including the opening and closing balances of receivables, contract assets, and contract liabilities. - Performance obligations, including when the entity typically satisfies its performance obligations and the transaction prices is that is allocated to the remaining performance obligations in a contract. - Significant judgments, and changes in judgments, made in applying the requirements to those contracts. Additionally, Section 340-40-50 requires an entity to provide quantitative and/or qualitative information about assets recognized from the costs to obtain or fulfill a contract with a customer. The Company’s revenue recognition policies are in compliance with ASC 606-10. The Company recognizes consulting and advisory fee revenues in accordance with the above-mentioned guidelines and expenses are recognized in the period in which the corresponding liability is incurred. STOCK-BASED COMPENSATION Effective July 1, 2006, the Company adopted ASC 718-10-25 (previously SFAS 123R) and accordingly has adopted the modified prospective application method. Under this method, ASC 718-10-25 is applied to new awards and to awards modified, repurchased, or cancelled after the effective date. Additionally, compensation cost for the portion of awards that are outstanding as of the date of adoption for which the requisite service has not been rendered (such as unvested options) is recognized over a period of time as the remaining requisite services are rendered. 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. 2018-13 – August 2018 Fair Value Measurement (Topic 820): Changes to the Disclosure Requirements for Fair Value Measurement Modifications: The following disclosure requirements were modified in Topic 820: 1. In lieu of a roll-forward for Level 3 fair value measurements, a nonpublic entity is required to disclose transfers into and out of Level 3 of the fair value hierarchy and purchases and issues of Level 3 assets and liabilities. 2. For investments in certain entities that calculate net asset value, an entity is required to disclose the timing of liquidation of an investee’s assets and the date when restrictions from redemption might lapse only if the investee has communicated the timing to the entity or announced the timing publicly. 3. The amendments clarify that the measurement uncertainty disclosure is to communicate information about the uncertainty in measurement as of the reporting date. Additions: The following disclosure requirements were added to Topic 820; however, the disclosures are not required for nonpublic entities: 1. The changes in unrealized gains and losses for the period included in other comprehensive income for recurring Level 3 fair value measurements held at the end of the reporting period. 2. The range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements. For certain unobservable inputs, an entity may disclose other quantitative information (such as the median or arithmetic average) in lieu of the weighted average if the entity determines that other quantitative information would be a more reasonable and rational method to reflect the distribution of unobservable inputs used to develop Level 3 fair value measurements. The amendments in this Update are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Update No. 2018-07 – June 2018 Compensation – Stock Compensation (Topic 718) Improvements to Nonemployee Share-Based Payment Accounting Main Provisions: The amendments in this Update expand the scope of Topic 718 to include share-based payment transactions for acquiring goods and services from nonemployees. An entity should apply the requirements of Topic 718 to nonemployee awards except for specific guidance on inputs to an option pricing model and the attribution of cost (that is, the period of time over which share-based payment awards vest and the pattern of cost recognition over that period). The amendments specify that Topic 718 applies to all share-based payment transactions in which a grantor acquires goods or services to be used or consumed in a grantor’s own operations by issuing share-based payment awards. The amendments also clarify that Topic 718 does not apply to share-based payments used to effectively provide (1) financing to the issuer or (2) awards granted in conjunction with selling goods or services to customers as part of a contract accounted for under Topic 606, Revenue from Contracts with Customers. The amendments in this Update are effective for public business entities for fiscal years beginning after December 15, 2018, including interim periods within that fiscal year. Update No. 2017-13 - September 2017 Revenue Recognition (Topic 605), Revenue from Contracts with Customers (Topic 606) FASB Accounting Standards Updates No. 2014-09, Revenue from Contracts with Customers (Topic 606), issued in May 2014 and codified in ASC Topic 606, Revenue from Contracts with Customers, and No. 2016-02. The transition provisions in ASC Topic 606 require that a public business entity and certain other specified entities adopt ASC Topic 606 for annual reporting 3 periods beginning after December 15, 2017, including interim reporting periods within that reporting period. FN2 All other entities are required to adopt ASC Topic 606 for annual reporting periods beginning after December 15, 2018, and interim reporting periods within annual reporting periods beginning after December 15, 2019. Update No. 2016-10 - April 2016 Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing The core principle of the guidance in Topic 606 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps: 1. Identify the contract(s) with a customer. 2. Identify the performance obligations in the contract. 3. Determine the transaction price. 4. Allocate the transaction price to the performance obligations in the contract. 5. Recognize revenue when (or as) the entity satisfies a performance obligation. The amendments in this Update do not change the core principle of the guidance in Topic 606. Rather, the amendments in this Update clarify the following two aspects of Topic 606: identifying performance obligations and the licensing implementation guidance, while retaining the related principles for those areas. 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 implementation of these pronouncements would not have a material impact on the financial statements taken as a whole.

Marketable Equity Securities Av

Marketable Equity Securities Available for Sale	6 Months Ended
	Dec. 31, 2018
Investments, Debt and Equity Securities [Abstract]
Marketable Equity Securities Available for Sale	NOTE 3 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 or other public exchanges and are accounted for in accordance with the provisions of SFAS No. 115. Marketable securities held by the Company and classified as available for sale as of December 30, 2018 consisted of 32,900,106 shares of Myson Group, Inc., 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 December 31, 2018 was $518,266. Securities available for sale Level 1 Level 2 Level 3 Total December 31, 2018 None $ 138,601 $ 379,665 $ 518,266 June 30, 2018 None $ 253,538 $ 846,945 $ 1,100,483

Properties and Equipment

Properties and Equipment	6 Months Ended
	Dec. 31, 2018
Property, Plant and Equipment [Abstract]
Properties and Equipment	NOTE 4 The Company did not have any properties or equipment as of December 31, 2018.

Other Assets

Other Assets	6 Months Ended
	Dec. 31, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Assets	NOTE 5 Other Assets comprise of the following: (1) As of December 31, 2018: $5,000 investment in Aquarius Power, Inc., $25,000,000 investment in 51% of twenty-one mining claims over an area of approximately 400 acres situated five miles Northeast of the town of Granite, Grant County, Oregon, U.S.A., near Granite Creek, within a precious metals belt 30-40 miles wide (N-S) and 100 miles long (E-W); coincident with the core of the Blue Mountains, along the Snake River; 3,060,000 shares of Common Stock of Vinafilms Joint Stock Company equivalent to 51% of this company, valued at $1,311,419; and Contract Assets of $2,497,841 totaling $28,814,260; (2) As of June 30, 2018: $5,000 investment in Aquarius Power, Inc., $25,000,000 investment in 51% of twenty-one mining claims over an area of approximately 400 acres situated five miles Northeast of the town of Granite, Grant County, Oregon, U.S.A., near Granite Creek, within a precious metals belt 30-40 miles wide (N-S) and 100 miles long (E-W); coincident with the core of the Blue Mountains, along the Snake River; and Contract Assets of $697,841 totaling $25,702,841. 12/31/2018 6/30/2018 Investments $ 26,316,419 $ 25,005,000 Contract Assets $ 2,497,841 $ 697,841 Total Other Assets $ 28,814,260 $ 25,702,841

Discontinued Operations

Discontinued Operations	6 Months Ended
	Dec. 31, 2018
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	NOTE 6 In June 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 December 31, 2018, the Company had a balance of $1,255,037 as Long-term Liabilities from Discontinued Operations.

Current Liabilities

Current Liabilities	6 Months Ended
	Dec. 31, 2018
Payables and Accruals [Abstract]
Current Liabilities	NOTE 7 Current liabilities of the Company consisted of the followings as of December 31, 2018 and June 30, 2018: December 31, 2018 June 30, 2018 Accounts Payable 114,538 116,063 Accrued Expenses 464,337 392,205 Short-term Notes Payable - Net 1,552,033 1,336,552 Due to Officers 448,017 233,577 Derivative Liabilities – Net 1,102,699 783,814 Contract Liabilities 2,497,841 697,841 Other Current Payable 92,781 92,781 Total Current Liabilities: $ 6,272,247 $ 3,607,834

Long-Term Liabilities

Long-Term Liabilities	6 Months Ended
	Dec. 31, 2018
Debt Disclosure [Abstract]
Long-Term Liabilities	NOTE 8 Long-term liabilities of the Company consisted of the followings as of December 31, 2018 and June 30, 2018: December 31, 2018 June 30, 2018 Demand promissory note – American Pacific Resources, Inc. 24,048,500 24,048,500 Accrued Expenses 1,174,565 1,063,481 Accrued Interest 2,067,349 2,005,815 Advances from Customers 288,219 288,219 Liabilities from Discontinued Operations (including Preferred Stock Liabilities) 1,255,037 1,255,037 Total Long-term Liabilities: $ 28,883,670 $ 28,661,052 DUE TO PREFERRED STOCKHOLDERS OF DISCONTINUED SUBSIDIARY As of December 31, 2018, the Company recognized $215,000 Long-term Liabilities payable to holders of preferred stock of Providential Securities, Inc., a previous subsidiary of the Company that was discontinued in the year 2000. In the early 2000’s, the Company had made an offer for these preferred stockholders to receive shares of common stock in the Company in exchange for the preferred shares in the discontinued subsidiary but only a small number of the preferred shareholders responded and accepted the offer. In more recent years, the Company has also attempted to contact these preferred shareholders from time to time but have not received further response from them. The Company has continued to accrue imputed interest expenses at 12% per annum on the balance of $215,000 on a quarterly basis. ADVANCES FROM CUSTOMERS As of September 30, 2012, the Company reclassified the previously recorded Unearned Revenues as Advances from Customers because the Company was not able to complete the consulting services for the related client due to its 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, 2018, the Company recorded $288,219 of Advances from Customers as a Long-term Liability. In September 2017, the Company signed a Settlement Agreement and agreed to pay Thinh Hung Investment Co. a total amount of $381,000 which includes the outstanding balance of $288,219 mentioned above and $92,781 in accrued interest that is recorded as Other Current Liability in the balance sheets of the Company as of December 31, 2018.

Due to Officers

Due to Officers	6 Months Ended
	Dec. 31, 2018
Related Party Transactions [Abstract]
Due to Officers	NOTE 9 Due to officer, represents loans and advances made by officers and directors of the Company and its subsidiaries, unsecured and due on demand. As of December 31, 2018 and June 30, 2018, the balances were $448,017 and $233,577, respectively. Officers/Directors December 31, 2018 June 30, 2018 Henry Fahman 147,167 $ 157,727 Tam Bui 288,350 $ 63,350 Lawrence Olson 12,500 12,500 Total $ 448,017 $ 233,577

Loans and Promissory Notes

Loans and Promissory Notes	6 Months Ended
	Dec. 31, 2018
Debt Disclosure [Abstract]
Loans and Promissory Notes	NOTE 10 A. SHORT TERM NOTES PAYABLE: In the course of its business, the Company has obtained short-term loans from individuals and institutional investors. During the quarter ended December 31, 2018, the Company received a $300,000 short-term loan from Robert Bui. This loan is due and payable on demand and carries an interest of $30,000 per month until paid. As of December 31, 2018, the Company had $977,310 in short-term notes payable with $2,211,056 accrued and unpaid interest. These notes bear interest rates ranging from 0% to 36% per annum. B. CONVERTIBLE PROMISSORY NOTES: 1. ISSUANCE OF NEW CONVERTIBLE PROMISSORY NOTES During the quarter ended December 31, 2018, the Company issued the following convertible promissory notes: On October 17, 2018, the Company issued a convertible promissory note in the amount of $65,000 to One44 Capital LLC. The Note has a coupon rate of 10%, matures on October 17, 2019 and is convertible (after 180 days) to Common Stock of the Company at a conversion price equals to 55% multiplied by the average of the two lowest trading prices during the previous twenty trading days ending on the latest complete trading day prior to the conversion date. The note may be prepaid at 145% of outstanding principal and interest up to 180 days. On October 25, 2018, the Company issued a convertible promissory note in the amount of $42,000 to Adar Alef LLC. The Note has a coupon rate of 6%, matures on October 25, 2019 and is convertible (after 180 days) to Common Stock of the Company at a conversion price equals to 52% multiplied by the average of the two lowest trading prices during the previous twenty trading days ending on the latest complete trading day prior to the conversion date. The note may be prepaid at 150% of outstanding principal and interest up to 180 days. 2. CONVERSIONS OF CONVERTIBLE PROMISSORY NOTES AND EXERCISE OF WARRANTS During the quarter ended December 31, 2018, some holders of the Company’s convertible promissory notes converted certain amounts of principal and accrued interest and exercised purchase of warrants in connection with certain convertible promissory note(s) totaling 273,894,330 shares of Common Stock of the Company. ( Note 14 – Common Stock 3. CONVERTIBLE PROMISSORY NOTES OUTSTANDING AS OF DECEMBER 31, 2018 As of December 31, 2018, the Company had a net balance of $574,723 in convertible promissory notes, which included $1,080,899 in face value and $506,176 in note discounts. The derivative liabilities associated with these notes are $1,102,699 as of December 31, 2018. The Company relies on the results a professional, independent valuation firm to record the value of derivative liabilities, discounts, and change in fair value of derivatives in connection with these convertible notes and warrants, if any, that are related to the convertible notes. The Company intends and prefers to repay the outstanding notes in cash as much as practical.

Litigation

Litigation	6 Months Ended
	Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Litigation	NOTE 11 LEGAL PROCEEDING SETTLED AND UNPAID AS OF DECEMBER 31, 2018: 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 December 31, 2018 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 $90,000 as the required liability associated with the balance of these notes in the accompanying consolidated financial statements as of December 31, 2018.

Payroll Liabilities

Payroll Liabilities	6 Months Ended
	Dec. 31, 2018
Payroll Liabilities
Payroll Liabilities	NOTE 12 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 purported balance of $118,399 of payroll tax, penalties and interest. The Company is currently negotiating with the pertinent agencies to settle this matter as soon as possible.

Basic and Diluted Net Profit (L

Basic and Diluted Net Profit (Loss) Per Share	6 Months Ended
	Dec. 31, 2018
Earnings Per Share [Abstract]
Basic and Diluted Net Profit (Loss) Per Share	NOTE 13 Net loss per share is calculated in accordance with SFAS No. 128, “Earnings per Share”. Under the provision of SFAS No. 128, basic net loss per share is computed by dividing the net loss for the period by the weighted-average number of common shares outstanding for the period. Diluted EPS is based on the weighted-average number of shares of common stock outstanding for the period and common stock equivalents outstanding at the end of the period. Basic and diluted weighted average numbers of shares for the period ended December 31, 2018 were the same since the inclusion of Common stock equivalents is anti-dilutive.

Stockholder's Equity

Stockholder's Equity	6 Months Ended
	Dec. 31, 2018
Equity [Abstract]
Stockholder's Equity	NOTE 14 STOCKHOLDER’S EQUITY In accordance with the Articles of Incorporation and Amendments to the Articles of Incorporation filed with the Nevada Secretary of State, the total number of authorized capital stock of the Company is 7,000,000,000 shares with a par value of $0.001 per share, consisting of 6,900,000,000 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. Treasury Stock: The balance of treasury stock as of December 31, 2018 was 484,767 post-split shares valued at $44,170 according to cost method. Common Stock: During the quarter ended December 31, 2018, the Company issued the following amounts of its Common Stock: On October 16, 2018, the Company issued 8,603,239 shares of free–trading Common Stock of PHI Group, Inc. to Adar Bays LLC, holder of a Convertible Promissory Note dated February 13, 2018 of the Company, for the conversion of $34,000.00 of the principal amount of the Note. The principal balance due remaining under this Note after this conversion was $21,000.00. On October 17, 2018, the Company issued 2,500,000 shares of free–trading Common Stock of PHI Group, Inc. to Auctus Fund, LLC, holder of a Convertible Promissory Note dated February 02, 2018 of the Company, for the conversion of $6,375.88 of the principal amount of the Note, together with $624.12 of accrued and unpaid interest and $500.00 of conversion fees, totaling $7,500.00. The principal balance due remaining under this Note after this conversion was $63,934.28. On October 18, 2018, the Company issued 4,500,000shares of free–trading Common Stock of PHI Group, Inc. to Crown Bridge Partners LLC, holder of a Convertible Promissory Note dated January 31, 2018 of the Company, for the conversion of $11,627.50 of the principal amount of the Note, together with $500.00 of conversion fees, totaling $12,127.50. The principal balance due remaining under this Note after this conversion was $38,372.50. On October 22, 2018, the Company issued 8,782,805 shares of free–trading Common Stock of PHI Group, Inc. to Einstein Investments, LLC, holder of a Convertible Promissory Note dated November 24, 2017 of the Company, for the conversion of $32,624.39 of the principal amount of the Note, together with $250.27 of accrued and unpaid interest and $500.00 of conversion fees, totaling $33,374.66 . The principal balance due remaining under this Note after this conversion was $0.00. On October 25, 2018, the Company issued 9,044,851 shares of free-trading Common Stock of PHI Group, Inc. to JSJ Investments, Inc., holder of a Convertible Promissory Note dated January 31, 2018 of the Company, for the conversion of $37,310.01 of the principal amount of the Note. The principal balance due remaining under this Note after this conversion was $41,439.99. On October 26, 2018, the Company issued 6,097,561shares of free–trading Common Stock of PHI Group, Inc. to Power Up Lending Group Ltd., holder of a Convertible Promissory Note dated April 10, 2018 of the Company, for the conversion of $25,000.00 of the principal amount of the Note. The principal balance due remaining under this Note after this conversion was $8,000.00. On October 29, 2018, the Company issued 2,518,919 shares of free–trading Common Stock of PHI Group, Inc. to Power Up Lending Group Ltd., holder of a Convertible Promissory Note dated April 10, 2018 of the Company, for the conversion of $8,000.00 of the principal amount of the Note together with $1,320.00 accrued interest under the Note, totaling $9,320.00. This note was paid in full with this issuance of conversion shares. On October 29, 2018, the Company issued 6,700,000 shares of free-trading Common Stock of PHI Group, Inc. to Crown Bridge Partners LLC, holder of the Convertible Promissory Note dated January 31, 2018 of the Company, for the conversion of $11,459.50 principal amount and $500.00 of conversion fees, totaling $11,959.50. The principal balance due remaining under this Note after this conversion was $26,913.00. On October 30, 2018, the Company issued 3,700,000 shares of free–trading Common Stock of PHI Group, Inc. to JSJ Investments, Inc., holder of a Convertible Promissory Note dated January 18, 2018 of the Company, for the conversion of $38,750.00 of the principal amount of the Note together with $4,193.15 accrued interest. The principal balance due remaining under this Note after this conversion was $00.00. On November 02, 2018, the Company issued 10,746,606 shares of free–trading Common Stock of PHI Group, Inc. to Adar Bays LLC, holder of a Convertible Promissory Note dated February 13, 2018 of the Company, for the conversion of $19,000.00 of the principal amount of the Note. The principal balance due remaining under this Note after this conversion was $2,000.00. On November 02, 2018, the Company issued 11,270,000 shares of free–trading Common Stock of PHI Group, Inc. to Crown Bridge Partners LLC, holder of a Convertible Promissory Note dated February 22, 2018 of the Company, for the conversion of $18,000.00 of the principal amount of the Note together with $1,320.00 accrued interest under the Note, totaling $19,320.00. This note was paid in full with this issuance of conversion shares. On November 06, 2018, the Company issued 2,464,270 shares of free-trading Common Stock of PHI Group, Inc. to Adar Bays LLC, holder of a Convertible Promissory Note dated February 13, 2018 of the Company, for the conversion of $2,000.00 of the principal balance of the Note. The principal balance due remaining under this Note after this conversion was $0.00. On November 07, 2018, the Company issued 11,070,714 shares of restricted common stock of the Company to JSJ Investments, Inc., holder of a Convertible Promissory Note dated January 31, 2018 of the Company, for the conversion of $20,093.35 of the principal balance of the Note. The principal balance due remaining under this Note after this conversion was $21,346.64. On November 13, 2018, the Company issued 7,000,000 shares of free-trading Common Stock of PHI Group, Inc. to Auctus Fund, LLC, holder of a Convertible Promissory Note dated February 02, 2018 of the Company, for the conversion of $6,888.30 of the principal amount of the Note together with $451.70 of accrued and unpaid interest and $500.00 of conversion fees, totaling $7,840.00. The principal balance due remaining under this Note after this conversion was $50,292.25. On November 14, 2018, the Company issued 10,540,000 shares of free-trading Common Stock of PHI Group, Inc. to Crown Bridge Partners, LLC, holder of a Promissory Note dated January 31, 2018 of the Company, for the conversion of $10,198.10 of principal amount of the Note and $500.00 of conversion fees, totaling $10,698.10. The principal balance due remaining under this Note after this conversion was $3,409.15. On November 26, 2018, the Company issued 13,672,202 shares of free-trading Common Stock of PHI Group, Inc. to JSJ Investments, Inc., holder of a Convertible Promissory Note dated January 31, 2018 of the Company, for the conversion of $13,535.48 of the principal balance of the Note. The principal balance due remaining under this Note after this conversion was $7,811.16. On November 27, 2018, the Company issued 10,000,000 shares of free-trading Common Stock of PHI Group, Inc. to Auctus Fund, LLC, holder of a Convertible Promissory Note dated February 02, 2018 of the Company, for the conversion of $6,237.02 of the principal balance of the Note, together with $462.98 of accrued and unpaid interest and $500.00 conversion fee under the Note totaling $7,200.00. The principal balance due remaining under this Note after this conversion was $44,055.23. On November 29, 2018, the Company issued 9,093,444 shares of free-trading Common Stock of PHI Group, Inc. to Crown Bridge Partners LLC, holder of a Convertible Promissory Note dated February 02, 2018 of the Company, for the conversion of $3,409.15 of the principal balance of the Note, together with $1,819.72 of accrued and unpaid interest and $500.00 conversion fee under the Note totaling $5,728.87. The principal balance due remaining under this Note after this conversion was $0.00. On December 04, 2018, the Company issued 15,000,000 shares of free-trading Common Stock of PHI Group, Inc. to Auctus Fund, LLC, holder of a Convertible Promissory Note dated February 02, 2018 of the Company, for the conversion of $8,268.24 of the principal balance of the Note, together with $231.76 of accrued and unpaid interest and $500.00 conversion fee under the Note totaling $9,000.00. The principal balance due remaining under this Note after this conversion was $35,786.99. On December 06, 2018, the Company issued 15,558,000 shares of free-trading Common Stock of PHI Group, Inc. to Crown Bridge Partners, LLC, holder of a Convertible Promissory Note dated April 02, 2018 of the Company, for the conversion of $7,667.95 of the principal balance of the Note and $500.00 conversion fee under the Note totaling $8,167.95. The principal balance due remaining under this Note after this conversion was $47,332.05. On December 11, 2018, the Company issued 15,277,718 shares of free-trading Common Stock of PHI Group, Inc. to JSJ Investments, Inc., holder of a Convertible Promissory Note dated February 02, 2018 of the Company, for the conversion of $7,811.16 of the principal balance of the Note, together with $4,792.96 of accrued and unpaid interest, totaling $12,604.12. The principal balance due remaining under this Note after this conversion was $0.00. On December 12, 2018, the Company issued 17,000,000 shares of free-trading Common Stock of PHI Group, Inc. to Crown Bridge Partners LLC, holder of a Convertible Promissory Note dated April 02, 2018 of the Company, for the conversion of $8,127.50 of the principal balance of the Note and $500.00 conversion fee under the Note totaling $8,627.50. The principal balance due remaining under this Note after this conversion was $39,204.55. On December 13, 2018, the Company issued 16,000,000 shares of free-trading Common Stock of PHI Group, Inc. to Auctus Fund, LLC, holder of a Convertible Promissory Note dated February 02, 2018 of the Company, for the conversion of $8,935.29 of the principal balance of the Note, together with $164.71 of accrued and unpaid interest and $500.00 conversion fee under the Note totaling $9,600.00. The principal balance due remaining under this Note after this conversion was $26,851.70 On December 21, 2018, the Company issued 16,000,000 shares of free-trading Common Stock of PHI Group, Inc. to Auctus Fund, LLC, holder of a Convertible Promissory Note dated February 02, 2018 of the Company, for the conversion of $7,003.40 of the principal balance of the Note, together with $176.60 of accrued and unpaid interest and $500.00 conversion fee under the Note totaling $7,680.00. The principal balance due remaining under this Note after this conversion was $19,848.30. On December 24, 2018, the Company issued 19,492,000 shares of free-trading Common Stock of PHI Group, Inc. to Crown Bridge Partners LLC, holder of a Convertible Promissory Note dated April 02, 2018 of the Company, for the conversion of $8,027.75 of the principal balance of the Note and $500.00 conversion fee under the Note totaling $8,527.75. The principal balance due remaining under this Note after this conversion was $31,176.80. On December 31, 2018, the Company issued 21,262,000 shares of free-trading Common Stock of PHI Group, Inc. to Crown Bridge Partners LLC, holder of a Convertible Promissory Note dated February 02, 2018 of the Company, for the conversion of $7,685.87 of the principal balance of the Note and $500.00 conversion fee under the Note totaling $8,185.87. The principal balance due remaining under this Note after this conversion was $23,490.93. As of December 31, 2018, there were 447,379,900 shares of the Company’s common stock issued and outstanding, excluding 5,673,327 shares of common stock that have been set aside for a special dividend distribution. As of February 17, 2019, there were 1,208,383,378 shares of the Company’s common stock issued and outstanding, excluding 5,673,327 shares of common stock that have been set aside for a special dividend distribution. Preferred Stock: The Company has filed Certificates of Designation and Amendments to Certificate of Designation with the Nevada Secretary of State to designate the Company’s authorized Preferred Stock as follows: CLASS A PREFERRED STOCK I. DESIGNATIONS, AMOUNTS AND DIVIDENDS 1. Class A Series I Cumulative Convertible Redeemable Preferred Stock A. Designation: The designation of the first twenty million (20,000,000) shares of the previously authorized 100,000,000 shares of Preferred Stock, with a par value of $0.001 per share, shall be Class A Series I Cumulative Convertible Redeemable Preferred Stock. B. Number of Shares: The number of shares of Class A Series I Preferred Stock authorized shall be twenty million (20,000,000) shares. C. Dividends: Each holder of Class A Series I Preferred Stock is entitled to receive ten percent (10%) non-compounding cumulative dividends per annum, payable semi-annually. 2 . Class A Series II Cumulative Convertible Redeemable Preferred Stock A. Designation. The designation of the next twenty-five million (25,000,000) shares of the previously authorized 100,000,000 shares of Preferred Stock, with a par value of $0.001 per share, shall be Class A Series II Cumulative Convertible Redeemable Preferred Stock (the “ Class A Series II Preferred Stock B. Number of Shares. The number of shares of Class A Series II Preferred Stock authorized shall be twenty-five million (25,000,000) shares. C. Dividends: Each holder of Class A Series II Preferred Stock is entitled to receive eight percent (8%) cumulative dividends per annum, payable semi-annually. 3. Class A Series III Cumulative Convertible Redeemable Preferred Stock A. Designation. The designation of the next fifty million (50,000,000) shares of the previously authorized 100,000,000 shares of Preferred Stock, with a par value of $0.001 per share, shall be Class A Series III Cumulative Convertible Redeemable Preferred Stock (the “ Class A Series III Preferred Stock B. Number of Shares. The number of shares of Class A Series III Preferred Stock authorized shall be fifty million (50,000,000) shares. C. Dividends: Each holder of Class A Series III Preferred Stock is entitled to receive eight percent (8%) cumulative dividends per annum, payable semi-annually. II. CONVERSION 1. Conversion of Series I and/or Series II Class A Preferred Stock into Common Stock of PHI Group, Inc. Each share of the Class A Preferred Stock, either Series I or Series II shall be convertible into the Company’s Common Stock any time after two years 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, 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. 2. Conversion of Series I and/or Series II Class A Preferred Stock into Common Stock of a subsidiary of PHI Group, Inc.’s. Alternatively, each share of the Class A Preferred Stock, either Series I or Series II, may be convertible into Common Stock of a subsidiary of PHI Group, Inc.’s, to be determined by the Company’s Board of Directors, any time after such subsidiary has become a fully-reporting publicly traded company for at least three months, at a Variable Conversion Price (as defined herein). The Variable Conversion Price to be used in connection with the conversion into Common Stock of a subsidiary of PHI Group, Inc.’s shall mean 50% multiplied by the Market Price (as defined herein), representing a discount rate of 50%, of that Common Stock. “Market Price” means the average Trading Price for the Common Stock of said subsidiary of PHI Group, Inc.’s 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 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, said subsidiary and Holder of the Class A Preferred Stock.” 3. Conversion of Class A Series III Preferred Stock of PHI Group, Inc. into Common Stock of American Pacific Plastics, Inc., a subsidiary of PHI Group, Inc.’s. The entire Class A Series III Preferred Stock of PHI Group, Inc. (i.e. fifty million (50,000,000) shares) may be convertible into eighty percent (80%) American Pacific Plastics, Inc.’s Common Stock which will have been issued and outstanding immediately after such conversion or exchange on a pro rata basis. 4. Conversion Shares. The amount of shares of Common Stock of PHI Group, Inc., or alternatively, of a subsidiary of PHI Group, Inc.’s, to be received by Holder at the time of conversion of Class A Series I or Series II Preferred Stock of PHI Group, Inc. will be based on the following formula: Where CS OIP + AUD Amount of CS VCP OIP Original Issue Price of Class A Series I or Series II Preferred Stock of PHI Group, Inc. AUD Accrued and Unpaid Dividends. VCP Variable Conversion Price of PHI Common Stock or of a subsidiary of PHI Group, Inc.’s as defined above. III. REDEMPTION RIGHTS The Corporation, 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, either Series I, Series II or Series III, 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. IV. LIQUIDATION Upon the occurrence of a Liquidation Event (as defined below), the holders of Class A Preferred Stock are entitled to receive net assets on a pro rata basis. As used herein, “ Liquidation Event Permitted Merger V. RANK All shares of the Class A Preferred Stock shall rank (i) senior to the Corporation’s Common Stock and any other class or series of capital stock of the Corporation hereafter created, (ii) pari passu VI. VOTING RIGHTS 1. Class A Series I, II and III Preferred Stock of PHI Group, Inc. shall have no voting rights. VII. PROTECTION PROVISIONS So long as any shares of Class A Preferred Stock are outstanding, the Corporation shall not, without first obtaining the majority written consent of the holders of Class A Preferred Stock, alter or change the rights, preferences or privileges of the Class A Preferred Stock so as to affect adversely the holders of Class A Preferred Stock. VIII. MISCELLANEOUS A. Status of Redeemed Stock B Lost or Stolen Certificates C Waiver D Notices If to the Corporation: PHI GROUP, INC. 5348 Vegas Drive, # 237 Las Vegas, NV 89108 Telephone: 702-475-5430 Facsimile: 702-472-8556 If to the holders of Class Preferred Stock, to the address to be listed in the Corporation’s books and Records. CLASS B PREFERRED STOCK Class B Series I Preferred Stock A. Designation: The designation of the next twenty-five thousand shares of the previously authorized 100,000,000 shares of Preferred Stock, with a par value of $0.001 per share, shall be Class B Series I Preferred Stock. B. Number of Shares: The number of shares of Class B Series I Preferred Stock authorized will be twenty-five thousand shares. C. Dividend: None D. Voting rights: Except as provided by law, the shares of Class B Series I Preferred Stock shall have the same right to vote or act on all matters on which the holders of Common Stock have the right to vote or act and the holders of the shares of Class B Series I shall be entitled to notice of any stockholders’ meeting or action as to such matters on the same basis as the holders of Common Stock, and the holders of Common Stock and shares of Class B Series I shall vote together or act together thereon as if a single class on all such matters; provided, in such voting or action each one share of Class B Series I shall be entitled to one hundred thousand votes. As of December 31, 2018, the following amounts of Preferred Stock were issued and outstanding: Class A Series II Preferred Stock: 10,000,000 shares. Class A Series III Preferred Stock: 50,000,000 shares. Class B Series I Preferred Stock: 15,000 shares. Amendments to Articles of Incorporation: On October 29, 2018, a Certificate of Amendment to Articles of Incorporation of PHI Group, Inc. was filed with the Nevada Secretary of State to amend Article V of the Articles of Incorporation to change the authorized capital stock of the Corporation to 3,000,000,000 shares with a par value of $0.001 per share, consisting of 2,800,000,000 shares of voting Common Stock with a par value of $0.001 per share and 200,000,000 shares of Preferred Stock with a par value of $0.001 per share. The rights and terms associated with the shares of Preferred Stock will be determined by the Board of Directors of the Corporation. On November 11, 2018, a Certificate of Amendment to Articles of Incorporation of PHI Group, Inc. was filed with the Nevada Secretary of State to amend Article V of the Articles of Incorporation to change the authorized capital stock of the Corporation to 4,000,000,000 shares with a par value of $0.001 per share, consisting of 3,800,000,000 shares of voting Common Stock with a par value of $0.001 per share and 200,000,000 shares of Preferred Stock with a par value of $0.001 per share. The rights and terms associated with the shares of Preferred Stock will be determined by the Board of Directors of the Corporation. On November 27, 2018, a Certificate of Amendment to Articles of Incorporation of PHI Group, Inc. was filed with the Nevada Secretary of State to amend Article V of the Articles of Incorporation to change the authorized capital stock of the Corporation to 5,000,000,000 shares with a par value of $0.001 per share, consisting of 4,800,000,000 shares of voting Common Stock with a par value of $0.001 per share and 200,000,000 shares of Preferred Stock with a par value of $0.001 per share. The rights and terms associated with the shares of Preferred Stock will be determined by the Board of Directors of the Corporation. On January 03, 2019, a Certificate of Amendment to Articles of Incorporation of PHI Group, Inc. was filed with the Nevada Secretary of State to amend Article V of the Articles of Incorporation to change the authorized capital stock of the Corporation to 7,000,000,000 shares with a par value of $0.001 per share, consisting of 6,900,000,000 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 shares of Preferred Stock will be determined by the Board of Directors of the Corporation.

Stock-Based Compensation Plan

Stock-Based Compensation Plan	6 Months Ended
	Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation Plan	NOTE 15 STOCK-BASED COMPENSATION PLAN On February March 18, 2015, the Company adopted an Employee Benefit Plan to set aside 1,000,000 shares of common stock for eligible employees and independent contractors of the Company and its subsidiaries. As of March 31, 2018 the Company has not issued any stock in lieu of cash under this plan. On September 23, 2016, the Company issued incentive stock options and nonqualified stock options to certain key employee(s) (Henry Fahman – CEO/CFO) and directors (Tam Bui, Henry Fahman, and Frank Hawkins constitute the Board of Directors) as deferred compensation. The options allow the holders to acquire the Company’s Common Stock at the fair exercise price of the Company’s Common Stock on the grant date of each option at $0.24 per share, based on the 10-days’ volume-weighted average price prior to the grant date. The number of options is equal to a total of 6,520,000. The options terminate seven years from the date of grant and become vested and exercisable after one year from the grant date. The following assumptions were used in the Monte Carlo analysis by Doty Scott Enterprises, Inc., an independent valuation firm, to determine the fair value of the stock options: Risk-free interest rate 1.18 % Expected life 7 years Expected volatility 239.3 % Vesting is based on a one-year cliff from grant date. Annual attrition rates were used in the valuation since ongoing employment was condition for vesting the options. The fair value of the Company’s Stock Options as of issuance valuation date is as follows: Holder Issue Date Maturity Date Stock Options Exercise Price Fair Value at Issuance Tam Bui 9/23/2016 9/23/2023 875,000 Fixed price: $0.24 $ 219,464 Frank Hawkins 9/23/2016 9/23/2023 875,000 Fixed price: $0.24 $ 219,464 Henry Fahman 9/23/2016 9/23/2023 4,770,000 Fixed price: $0.24 $ 1,187,984

Related Party Transactions

Related Party Transactions	6 Months Ended
	Dec. 31, 2018
Related Party Transactions [Abstract]
Related Party Transactions	NOTE 16 RELATED PARTY TRANSACTIONS The Company accrued $52,500 in salaries for the President and the Secretary & Treasurer of the Company during the quarters ended December 31, 2018 and December 31, 2017. During the quarter ended December 31, 2018, the Company received $200,000 from Tam Bui, a director of the Company, as a short-term loan to be paid on demand.

Contracts and Commitments

Contracts and Commitments	6 Months Ended
	Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Contracts and Commitments	NOTE 17 CONTRACTS AND COMMITMENTS EQUITY LINE FACILITY - INVESTMENT AGREEMENT WITH AZURE CAPITAL, INC. On March 6, 2017, PHI Group, Inc., a Nevada corporation (the “Company”) and Azure Capital, a Massachusetts Corporation (the “Investor”) entered into an Investment Agreement (the “Investment Agreement”) and a Registration Rights Agreement (the “Registration Rights Agreement”), each dated March 6, 2017 between the Company and the Investor. Pursuant to the Investment Agreement, the Investor committed to purchase, subject to certain restrictions and conditions, up to $10,000,000 worth of the Company’s common stock, over a period of 36 months from the effectiveness of the registration statement registering the resale of shares purchased by the Investor pursuant to the Investment Agreement. The Company agreed to initially reserve 20,000,000 shares of its Common Stock for issuance to the Investor pursuant to the Investment Agreement. In the event the Company cannot register a sufficient number of shares of its Common Stock for issuance pursuant to the Investment Agreement, the Company will use its best efforts to authorize and reserve for issuance the number of shares required for the Company to perform its obligations in connection with the Investment Agreement as soon as reasonable practical. The Company may in its discretion draw on the facility from time to time, as and when the Company determines appropriate in accordance with the terms and conditions of the Investment Agreement. The maximum number of shares that the Company is entitled to put to the Investor in any one draw down notice shall not exceed shares with a purchase price of $250,000 or 200% of the average daily volume (U.S. market only) of the Company’s Common Stock for the three (3) Trading Days prior to the applicable put notice date multiplied by the average of the three (3) daily closing prices immediately preceding the put date, calculated in accordance with the Investment Agreement. The Company may deliver a notice for a subsequent put from time to time, after the pricing period for the prior put has been completed. The purchase price shall be set at ninety-four percent (94%) of the lowest daily volume weighted average price (VWAP) of the Company’s common stock during the five (5) consecutive trading days immediately following the put notice date. On each put notice submitted to the Investor by the Company, the Company shall specify a suspension price for that put. In the event the price of Company’s Common Stock falls below the suspension price, the put shall be temporarily suspended. The put shall resume at such time the price of the Company’s Common Stock is above the suspension price, provided the dates for the pricing period for that particular put are still valid. In the event the pricing period has been complete, any shares above the suspension price due to the Investor shall be sold to the Investor by the Company at the suspension price under the terms of the Investment Agreement. The suspension price for a put may not be changed by the Company once submitted to the Investor. There are put restrictions applied on days between the draw down notice date and the closing date with respect to that particular put. During such time, the Company shall not be entitled to deliver another draw down notice. In addition, the Investor will not be obligated to purchase shares if the Investor’s total number of shares beneficially held at that time would exceed 4.99% of the number of shares of the Company’s common stock as determined in accordance with Rule 13d-1(j) of the Securities Exchange Act of 1934, as amended. In addition, the Company is not permitted to draw on the facility unless there is an effective registration statement to cover the resale of the shares. The Investment Agreement also contains customary representations and warranties of each of the parties. The assertions embodied in those representations and warranties were made for purposes of the Investment Agreement and are subject to qualifications and limitations agreed to by the parties in connection with negotiating the terms of the Investment Agreement. The Investment Agreement further provides that the Company and the Investor are each entitled to customary indemnification from the other for, among other things, any losses or liabilities they may suffer as a result of any breach by the other party of any provisions of the Investment Agreement or Registration Rights Agreement (as defined below). Investor should read the Investment Agreement together with the other information concerning the Company that the Company publicly files in reports and statements with the Securities and Exchange Commission (the “SEC”). Pursuant to the terms of the Registration Rights Agreement, the Company is obligated to file one or more registrations statements with the SEC within twenty-one (21) days after the date of the Registration Rights Agreement to register the resale by the Investor of the shares of common stock issued or issuable under the Investment Agreement. In addition, the Company is obligated to use all commercially reasonable efforts to have the registration statement declared effective by the SEC within 90 days after the registration statement is filed. This Investment Agreement was amended on August 3, 2017 to allow for the reservation of 65,445,000 shares of the Company’s Common Stock for issuance to the Investor pursuant to the corrected Investment Agreement. The Company has filed a S-1 Registration Statement with the Securities and Exchange Commission to include 7,936,600 shares of its Common Stock for issuance in connection with the first tranche of the Equity Line Facility. The S-1 Registration Statement, as amended, was declared effective by the Securities and Exchange Commission on January 11, 2018. The Company has not accessed the Equity Line Facility and intends to do so only when the Company’s stock prices reach levels that its management deems appropriate. BUSINESS CONSULANCY AND STRUCTURING AGENCY AGREEMENT TO SET UP INSTITUTIONAL BANK FUNDS IN LUXEMBOURG On November 30, 2017, the Company signed an agreement with a structuring agent and legal experts to set up a bank fund in Luxembourg in order to provide financing for the Company’s and its clients’ projects. The Reserved Alternative Investment Fund (RAIF) can be established under the form of common funds (“FCP”), investment companies with variable capital (“SICAV”) or under the form that does not have to have the legal form of a SICAV or an FCP. There will be no restriction in terms of eligible assets. RAIFs are free to introduce any kind of assets and financial instruments in their investment policy. According to the Luxembourg Law of July 12, 2013, RAIFs must entrust their assets to a Luxembourg custodian bank for safekeeping and must appoint an approved statutory auditor. One of the distinctive advantages of RAIF is that it may have various sub-funds, each corresponding to a distinct part of the assets and liabilities of the RAIF. As such, sub-funds can be established under a RAIF umbrella to target different investment opportunities in a variety of industries as desired. On February 21, 2018, the Company signed an amendment to the Business Consultancy and Structuring Agency Agreement to be solely responsible for all the costs of Euros 3,500,000 associated with establishing the RAIF. On October 4, 2018, a Payment Agreement was signed by the structuring agent and the Company calling for an additional Euros 1,500,000 to be paid to the structuring agent by November 15, 2018. As of the date of this report, the Company has not fully met its contractual obligations with the Structuring Agency, but expects to resolve this matter as soon as possible. On December 03, 2018, the Company successfully established PHI Luxembourg Development S.A. as the mother holding company in Luxembourg for PHILUX Global Funds and a number of sub-funds under the same umbrella. PHI Luxembourg Development S.A. is in the process of activating four initial sub-funds for investments in green energy, sustainable agriculture, real estate and a diamond exchange in Asia. AGREEMENT BETWEEN AMERICAN PACIFIC RESOURCES, INC. AND GILDEXSHOP On February 28, 2018, American Pacific Resources, Inc. (“APRI”), a subsidiary of the Company, signed a Business Cooperation with GildexShop Pte Ltd. (“GLDX”), a company to be established in Singapore. According to the agreement, APRI and GLDX will primarily cooperate with each other to accomplish the following objectives: 1. Capitalization of APRI: GLDX will issue and circulate a certain amount of cryptocurrency tokens using blockchain technology in order to raise capital for APRI to implement its business plan. 2.Using APRI’s assets as guarantee for GLDX ICO’s: APRI agrees to guarantee the value of the GLDX ICO tokens pursuant to the following terms and conditions: a. In the event the trading prices of GLDX ICO tokens fall below their original purchase prices anytime after GLDX tokens are listed on a reputable cryptocurrency exchange, APRI agrees to guarantee the value of all such GLDX ICO tokens that are purchased by investors by allowing the token holders to exchange the original purchase prices of such ICO tokens for gold from APRI at 50% discount to the Market Price (as defined herein) of gold at the time of exchange. Market Price shall mean the 10-day average closing spot price of gold on the London Metal Exchange (LME) immediately prior to the date of the request for exchange by the ICO token holders. b. Holders of GLDX ICO tokens may select one of the following options for the receipt of the APRI gold guarantee: (i). Receipt of physical gold bar(s) from APRI or its affiliate(s). (ii). Receipt of Ethereum or alternatively acceptable crytocurrencies equivalent to the value of the original ICO purchase prices. (iii) Receipt of cash through wire transfer to token-holder’s bank account after sale of the guarantee gold position(s). 3. GLDX shall be responsible for providing the required capital for APRI to set up the processing facilities to recover gold and other precious metals from its Gold Assets. The amounts of capital to be provided to APRI by GLDX will be done in tranches and based on a schedule of funding and use of proceeds to be determined and agreed upon by both APRI and GLDX. 4. APRI covenants and warrants that it shall sell refined gold and other products of precious metals from its Gold Assets to GLDX at 50% discount to Market Price as defined above until GLDX has recovered at least twice the amount(s) of its capital investment in APRI or the end of the five-year term of this Agreement, whichever occurs later. 5. Compliance with Various Jurisdictions and the Requirements of the U.S. Securities and Exchange Commission: GLDX shall strictly comply with the requirements of the appropriate jurisdictions with respect to the offerings of its GLDX ICO tokens and shall not offer any of such tokens to U.S. investors unless and until it has met all the requirements of the U.S. Securities and Exchange Commission in connection with the offering and sale of the tokens. As of the date of this report, APRI has not received any capital contribution from GLDX. AGREEMENT WITH PHUONG HOANG INVESTMENT AND DEVELOPMENT LLC TO GROW SACHA INCHI IN THUA THIEN HUE PROVINCE, VIETNAM In March 2018, the Company signed a Business Cooperation Agreement with Phuong Hoang Investment and Development LLC, a company registered in Ha Tinh Province, Vietnam, to grow a total of 2,000 hectares (approximately 4,940 acres) of sacha inchi in the province of Thua Thien Hue for export to the U.S. and European markets. Originally from the Amazon rainforest and the high Andes Mountains of Peru, sacha inchi has been part of the Inca diet for 3,000 years. The sacha inchi plant, plukenetia volubilis, a rainforest vine, with star-shaped seed pods, is currently cultivated primarily in parts of Southeast Asia and South America. Sacha inchi has been recognized for a number of health benefits such as complete protein, weight loss, heart health, bone health, and skin and hair health. According to the agreement, the Company will be responsible for providing the required capital for this project and will own 75% equity interest in the joint venture company. AGREEMENT WITH CLIENT-PARTNER FOR PARTICIPATION IN LUXEMBOURG RESERVED ALTERNATIVE INVESTMENT FUND On March 27, 2018, Thanh Vu, an individual, (“TV”) signed an agreement with the Company to participate in a Luxembourg Reserved Alternative Investment Fund (“RAIF”). According to the agreement, TV will pay the Company $2,000,000 in fees to participate in the RAIF, of which $500,000 is due upon the signing and $1,500,000 to be paid fifteen days after the signing of the agreement. The Company recorded $2,000,000 as Contract Assets, of which $1,212,159 was recognized as revenue during the fiscal year ended June 30, 2018, thus leaving $697,841 as the remaining Contract Assets, offset by $697,841 as Contract Liabilities as of December 31, 2018. TV shall be entitled to all the benefits in connection with the RAIF, including but not limited to voting rights, profit sharing, cash and securities dividends, as well as other benefits related to ownership in the fund. JOINT BUSINESS COOPERATION AGREEMENT WITH INDONESIAN AND GERMAN COMPANIES On April 5, 2018, the Company signed a Joint Business Cooperation Agreement with PT Mega Kencana Persada, an Indonesian company with principal address at No 2, Jln Kepodang Raya K9, Jakarta Selatan 15412, Indonesia, (hereinafter referred to as “MKP”), and Smartway GmbH, a company organized and existing under the laws of Federal Republic of Germany, with principal address at Liszstr. 17, D-53115, Bonn, Germany (hereinafter referred to as “SMW” to primarily cooperate with one other to develop certain joint business opportunities, particularly research and development in the Indonesian maritime commuter segment, including application of SMW’s logistical technology for optimized inter-provincial ferry operations and digital online payment system for maritime passengers. Moreover, the parties may from time to time cooperate with each other and jointly engage in other business activities that deem mutually desirable and beneficial to all parties. The Parties agree that: a) MKP shall be responsible for conducting all research and development, field survey, data collection and capturing business opportunities and securing local government licensing requirements. b) SMW shall provide or cause to be provided system technologies to support market segments submitted by MKP with respect to the Indonesian maritime transportation, land transportation, and online payment for Indonesian overseas travel. c) PHI shall provide assistance with respect to financing, capitalization, investor and public relations, business development, going public, corporate governance, growth and expansion strategy and other pertinent corporate activities that deem beneficial to the scope of business cooperation mentioned herein. d) MKP, PHI and SMW agree to form a Singaporean company as the holding company (“HoldCo”) for the contemplated business activities mentioned herein. e) The roles, responsibilities and benefits of each party in connection with the scope of business mentioned herein will be determined by HoldCo. BUSINESS COOPERATION AGREEMENT WITH FINTECH GREEN INVESTMENT JSC On May 21, 2018, the Company signed a Business Cooperation Agreement with Fintech Green Investment JSC to cooperate with other with respect to the following areas: a) PHI will discuss and negotiate with FGI to consider an acquisition of a majority equity interest in FGI and/or exchange of ownership between TNB and PHI by way of stock swap to form a strategic alliance between the two companies; b) PHI will invest or cause to be invested in FGI and assist FGI to access funding sources to implement FGI’s business plan; c) PHI will assist FGI to become a publicly traded company in the United States Stock Market and other international exchanges as deems appropriate to enable FGI to access international capital markets to further its development and growth; d) PHI will cooperate with FGI to set up additional cryptocurrency mining facilities in selective geographical areas and assist FGI to promote and advertise its business on a global basis; e) PHI and FGI may jointly develop, manufacture and market other products and/or engage in other business activities that may be of mutual interest to both parties. BUSINESS COOPERATION AGREEMENT WITH REGENT BLOCKHAIN GROUP, LTD. On July 22, 2018, the Company signed a Business Cooperation Agreement http://ceza.gov.ph/ 1. PHI and RBG will form a joint venture company (the “JV”) to be located in the Cagayan Economic Zone, Lai-lo Municipality, Cagayan, Philippines, for the purposes of developing and operating an offshore financial center and blockchain businesses including but not limited to Apps, ICO’s and cryptocurrency exchanges. 2. PHI initially will invest or cause to be invested $4,000,000 for a fifty-one percent ownership and management rights of the JV and will assist the JV to access funding sources to implement its business plan. This initial investment can be in cash or stock of PHI, to be determined by both parties prior to the closing of the Definitive Agreement as mentioned in Article II below. 3. RBG will contribute the required license(s) from the Filipino government, particularly Cagayan Economic Zone Authority, towards the JV for the operations of the offshore financial center and blockchain businesses. 4. PHI will, at the appropriate time, spin off the JV company as a new public company in the United States Stock Market and other international exchanges as deems desirable to enable it to access international capital markets to further its development and growth. The capital structure of the JV prior to the spinoff will be determined by both parties and further detailed in the Definitive Agreement. 5. PHI and RBG may jointly develop, manufacture and market other products and/or engage in other business activities that may be of mutual interest to both parties. BUSINESS COOPERATION AGREEMENT WITH BAO LAM LLC TO GROW SACHA INCHI IN VIETNAM CENTRAL HIGHLANDS On July 2, 2018, the Company signed Business Cooperation Agreement Bao Lam LLC, a company registered in Dak Lak Province, Vietnam, to grow a total of 1,000 hectares (approximately 2,470 areas) of sacha inchi in the province of Dak Lak and Dak Nong Province, Vietnam for export to the U.S. and European markets. According to the agreement, the Company will be responsible for providing the required capital for this project and will own 75% equity interest in the joint venture company. ACQUISITION OF 51% EQUITY INTEREST IN VINAFILMS JOINT STOCK COMPANY On August 06, 2018, signed a Business Cooperation Agreement with Vinafilms JSC (Công ty Cổ phần Màng Bao Bì Tân Vinh Nam Phát), a Vietnamese joint stock company, with principal business address at Lot G9, Road No. 9, Tan Do Industrial Zone, Duc Hoa Ha Village, Duc Hoa District, Long An Province, Vietnam, hereinafter referred to as “VNF” and its majority shareholder, to exchange fifty-one percent ownership in VNF for Preferred Stock of PHI. According to the Agreement, PHI will be responsible for filing a S-1 Registration Statement with the Securities and Exchange Commission for American Pacific Plastics, Inc., a subsidiary of PHI that holds the 51% equity ownership in VNF, to become a fully-reporting public company in the U.S. Stock Market. On September 20, 2018, a Stock Swap Agreement was signed by and between Ms. Do Thi Nghieu, the majority shareholder holding 76% of ownership in VNF, and PHI to exchange 3,060,000 shares of ordinary stock of VNF owned by Ms. Do Thi Nghieu for 50 million shares of Class A Series III Cumulative, Convertible, Redeemable Preferred Stock of PHI. This transaction was closed on September 28, 2018. The Company expects to consolidate VNF’s operating results with PHI’s after the completion of financial audits of VNF according to the U.S. Generally Accepted Accounting Principals by a PCAOB-registered auditing firm. AGREEMENTS WITH SAIGON PHO PALACE JSC On October 16, 2018, the Company signed a Business Cooperation Agreement with Saigon Pho Palace Joint Stock Company (“SGP”), a Vietnamese company, and its majority shareholder to acquire a 51% ownership in SGP in exchange for Preferred Stock of PHI Group, Inc. or a promissory note that may be convertible into shares of a subsidiary of the Company. On October 22, 2018, a Stock Swap Agreement was signed among the Company, SGP and Le Minh Quy, its majority shareholder and Chairman, to exchange 15,300,000 shares of Common Stock of SGP held by him for shares of Preferred Stock or a Convertible Promissory Note of the Company. The amount of Preferred Stock or the value of the Convertible Promissory Note will be determined and agreed upon by the parties following the results of a valuation of SGP by an independent business valuation firm. On November 5, 2018, the Company formed a special purpose vehicle “American Saigon Palace Group,” a Wyoming corporation, as the holding company for the 51% ownership in SGP. The Company expects to be able to report consolidated operating results from SGP after the closing of the Stock Swap Agreement, and, subject to meeting all necessary compliance requirements, intends to On October 16, 2018, Saigon Pho Palace also signed an agreement for participation in a sub-fund of the Luxembourg Institutional Bank Fund with the Company. According to the agreement, SGP will contribute $2,000,000 as a founding partner in a sub-fund and will have the priority to use capital from this sub-fund for priority investment projects. The Company has recorded $2,000,000 as Contract Assets, of which $200,000 was recognized as revenue during the quarter ended December 31, 2018, thus leaving $1,800,00 as the remaining Contract Assets, offset by $1,800,000 as Contract Liabilities as of December 31, 2018. On December 01, 2018, PHI Capital Holdings, Inc., a wholly-owned subsidiary of PHI Group, Inc., signed a consulting service agreement with DIO Group Joint Stock Company to provide consulting services on a non-exclusive basis to take DIO Group public on the U.S. Nasdaq Stock Market and assist DIO Group in its capitalization plan. DIO Group has agreed to set aside a budget of $4,000,000 and allocate fifteen percent of the new public company’s stock for PHI Capital Holdings, Inc. and its service providers in connection with this agreement.

Going Concern Uncertainty

Going Concern Uncertainty	6 Months Ended
	Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going Concern Uncertainty	NOTE 18 GOING CONCERN UNCERTAINTY As shown in the accompanying consolidated financial statements, the Company has accumulated deficit of $41,843,513 as of December 31, 2018 and total stockholders’ deficit of $4,086,164. For the quarter ended December 31, 2018, the Company incurred a net loss of $374,532 as compared to a net loss in the amount of $435,234 during the same period ended December 31, 2017. These factors as well as the uncertain conditions that the Company faces in its day-to-day operations with respect to cash flows create an uncertainty as to the Company’s ability to continue as a going concern. The financial statements do not include any adjustments that might be necessary should the Company be unable to continue as a going concern. Management has taken action to generate sufficient cash to meet its operating needs through June 30, 2019 and beyond.

Subsequent Event

Subsequent Event	6 Months Ended
	Dec. 31, 2018
Subsequent Events [Abstract]
Subsequent Event	NOTE 19 – SUBSEQUENT EVENT These financial statements were approved by management and available for issuance on February 17, 2019. Subsequent events have been evaluated through this date. RECEIPT OF PAYMENT FROM SAIGON PHO PALACE JSC. On January 08, 2019, the Company received $200,000 from Saigon Pho Palace JSC for contribution towards the costs of setting up a sub-fund pursuant the agreement dated October 16, 2018 between Saigon Pho Palace JSC and the Company. ISSUANCES OF COMMON STOCK FOR CONVERSIONS OF CONVERTIBLE PROMISSORY NOTES On January 08, 2019, the Company issued 20,000,000 shares of free-trading Common Stock of PHI Group, Inc. to Auctus Fund, LLC, holder of a Convertible Promissory Note dated February 02, 2018 of the Company, for the conversion of $8,117.30 of the principal balance of the Note, together with $182.70 of accrued and unpaid interest and $500.00 conversion fee under the Note totaling $8,800.00. The principal balance due remaining under this Note after this conversion was $11,731.00. On January 09, 2019, the Company issued 19,140,669 shares of free-trading Common Stock of PHI Group, Inc. to JSJ Investments, Inc., holder of a Convertible Promissory Note dated March 21, 2018 of the Company, for the conversion of $13,685.58 of the principal balance of the Note. The principal balance due remaining under this Note after this conversion was $65,064.42. On January 09, 2019, the Company issued 22,324,000 shares of free-trading Common Stock of PHI Group, Inc. to Crown Bridge Partners, LLC, holder of a Convertible Promissory Note dated April 02, 2018 of the Company, for the conversion of $8,094.74 of the principal balance of the Note and $500.00 of fees under the Note, totaling $8,594.94. The principal balance due remaining under this Note after this conversion was $15,396.19. On January 11, 2019, the Company issued 22,313,433 shares of free-trading Common Stock of PHI Group, Inc. to Power Up Lending Group Ltd., holder of a Convertible Promissory Note dated July 10, 2018 of the Company, for the conversion of $14,950.00 of the principal balance of the Note. The principal balance due remaining under this Note after this conversion was $94,550.00, including provisions for default penalty. On January 14, 2019, the Company issued 22,311,475 shares of free-trading Common Stock of PHI Group, Inc. to Power Up Lending Group Ltd., holder of a Convertible Promissory Note dated July 10, 2018 of the Company, for the conversion of $13,610.00 of the principal balance of the Note. The principal balance due remaining under this Note after this conversion was $80,940.00, including provisions for default penalty. On January 15, 2019, the Company issued 22,312,500 shares of free-trading Common Stock of PHI Group, Inc. to Power Up Lending Group Ltd., holder of a Convertible Promissory Note dated July 10, 2018 of the Company, for the conversion of $14,280.00 of the principal balance of the Note. The principal balance due remaining under this Note after this conversion was $66,660.00, including provisions for default penalty. On January 15, 2019, the Company issued 22,310,345 shares of free-trading Common Stock of PHI Group, Inc. to Power Up Lending Group Ltd., holder of a Convertible Promissory Note dated July 10, 2018 of the Company, for the conversion of $12,940.00 of the principal balance of the Note. The principal balance due remaining under this Note after this conversion was $53,720.00, including provisions for default penalty. On January 15, 2019, the Company issued 23,000,000 shares of free-trading Common Stock of PHI Group, Inc. to Crown Bridge Partners, LLC, holder of a Convertible Promissory Note dated April 02, 2018 of the Company, for the conversion of $7,550.00 of the principal balance of the Note and $500.00 of fees under the Note, totaling $8,050.00. The principal balance due remaining under this Note after this conversion was $7,846.19. On January 15, 2019, the Company issued 25,000,000 shares of free-trading Common Stock of PHI Group, Inc. to Auctus Fund, LLC, holder of a Convertible Promissory Note dated February 02, 2018 of the Company, for the conversion of $9,415.19 of the principal balance of the Note, together with $84.81 of accrued and unpaid interest and $500.00 conversion fee under the Note totaling $10,000.00. The principal balance due remaining under this Note after this conversion was $2,315.81. On January 17, 2019, the Company issued 22,316,327 shares of free-trading Common Stock of PHI Group, Inc. to Power Up Lending Group Ltd., holder of a Convertible Promissory Note dated July 10, 2018 of the Company, for the conversion of $10,935.00 of the principal balance of the Note. The principal balance due remaining under this Note after this conversion was $42,785.00, including provisions for default penalty. On January 22, 2019, the Company issued 22,304,348 shares of free-trading Common Stock of PHI Group, Inc. to Power Up Lending Group Ltd., holder of a Convertible Promissory Note dated July 10, 2018 of the Company, for the conversion of $10,260.00 of the principal balance of the Note. The principal balance due remaining under this Note after this conversion was $32,525.00, including provisions for default penalty. On January 23, 2019, the Company issued 33,314,463 shares of free-trading Common Stock of PHI Group, Inc. to Power Up Lending Group Ltd., holder of a Convertible Promissory Note dated July 10, 2018 of the Company, for the conversion of $13,670.00 of the principal balance of the Note. The principal balance due remaining under this Note after this conversion was $18,855.00, including provisions for default penalty. On January 24, 2019, the Company issued 31,658,523 shares of free-trading Common Stock of PHI Group, Inc. to JSJ Investments, Inc., holder of a Convertible Promissory Note dated March 21, 2018 of the Company, for the conversion of $13,929.75 of the principal balance of the Note. The principal balance due remaining under this Note after this conversion was $51,134.67. On January 24, 2019, the Company issued 33,342,857 shares of free-trading Common Stock of PHI Group, Inc. to Power Up Lending Group Ltd., holder of a Convertible Promissory Note dated July 10, 2018 of the Company, for the conversion of $11,670.00 of the principal balance of the Note. The principal balance due remaining under this Note after this conversion was $7,185.00, including provisions for default penalty. On January 28, 2019, the Company issued 33,000,000 shares of free-trading Common Stock of PHI Group, Inc. to Auctus Fund, LLC, holder of a Convertible Promissory Note dated February 02, 2018 of the Company, for the conversion of $2,315.81 of the principal balance of the Note, together with $15.20 of accrued and unpaid interest, $3,768.99 penalties and $500.00 conversion fee under the Note totaling $6,600.00. The principal penalty balance due remaining under this Note after this conversion was $11,231.01 On January 28, 2019, the Company issued 39,370,000 shares of free-trading Common Stock of PHI Group, Inc. to EMA Financial, LLC, holder of a Convertible Promissory Note dated July 23, 2018 of the Company, for the conversion of $6,089.75 of the principal balance of the Note and $32,480.25 additional principal on account of conversion pursuant to Section 1.2(b) of the Note. The principal balance due remaining under this Note after this conversion was $93,910.25. On January 28, 2019, the Company issued 34,844,828 shares of free-trading Common Stock of PHI Group, Inc. to Power Up Lending Group Ltd., holder of a Convertible Promissory Note dated July 10, 2018 of the Company, for the conversion of $7,185.00 of the principal balance of the Note together with $2,920.00 of accrued and unpaid interest thereto, totaling $10,105.00. The principal balance due remaining under this Note after this conversion was $0.00. On January 29, 2019, the Company issued 38,663,736 shares of free-trading Common Stock of PHI Group, Inc. to JSJ Investments, Inc., holder of a Convertible Promissory Note dated March 21, 2018 of the Company, for the conversion of $10,632.53 of the principal balance of the Note. The principal balance due remaining under this Note after this conversion was $40,502.14. On February 04, 2019, the Company issued 39,373,800 shares of free-trading Common Stock of PHI Group, Inc. to Auctus Fund, LLC, holder of a Convertible Promissory Note dated February 02, 2018 of the Company, for the conversion of $5,799.81 of penalties and $500.00 conversion fee under the Note totaling $6,299.81. The principal penalty balance due remaining under this Note after this conversion was $5,431.20. On February 04, 2019, the Company issued 45,811,785 shares of free-trading Common Stock of PHI Group, Inc. to JSJ Investments, Inc., holder of a Convertible Promissory Note dated March 21, 2018 of the Company, for the conversion of $10,078.59 of the principal balance of the Note. The principal balance due remaining under this Note after this conversion was $30,423.55. On February 04, 2019, the Company issued 45,955,682 shares of free-trading Common Stock of PHI Group, Inc. to One44 Capital, LLC, holder of a Convertible Promissory Note dated July 23, 2018 of the Company, for the conversion of $9,600.00 of the principal balance of the Note and $510.25 of accrued and unpaid interest of th Note, totaling $10,110.25. The principal balance due remaining under this Note after this conversion was $80,400.00. On February 07, 2019, the Company issued 53,000,000 shares of free-trading Common Stock of PHI Group, Inc. to EMA Financial, LLC, holder of a Convertible Promissory Note dated July 23, 2018 of the Company, for the conversion of $6,620.00 of the principal balance of the Note and $45,580.00 additional principal on account of conversion pursuant to Section 1.2(b) of the Note. The principal penalty balance due remaining under this Note after this conversion was $68,357.80. On February 08, 2019, the Company issued 37,070,000 shares of free-trading Common Stock of PHI Group, Inc. to Auctus Fund, LLC, holder of a Convertible Promissory Note dated February 02, 2018 of the Company, for the conversion of $5,431.20 of penalties and $500.00 conversion fee under the Note totaling $5,931.20. This note was paid in full after this conversion. On February 08, 2019, the Company issued 52,237,707 shares of free-trading Common Stock of PHI Group, Inc. to JSJ Investments, Inc., holder of a Convertible Promissory Note dated March 21, 2018 of the Company, for the conversion of $11,492.30 of the principal balance of the Note. The principal balance due remaining under this Note after this conversion was $18,931.25. On February 13, 2019, European Plastic Joint Stock Company, a Vietnamese company, signed an agreement with PHI Group, Inc. to participate in an energy sub-fund of PHILUX Global Funds, a master Luxembourg bank fund scheduled to be activated in the first calendar quarter of 2019. According to the agreement, European Plastic Co. will contribute $2,000,000 as a general partner in the energy sub-fund and hold 49.50% of the general partner shares in this subfund. European Plastic Co. is the developer of two solar energy projects in Phu Yen Province, Vietnam.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
Principles of Consolidation	PRINCIPLES OF CONSOLIDATION The consolidated financial statements include the accounts of PHI Group, Inc., its wholly owned subsidiaries PHI Capital Holdings, Inc., American Pacific Resources, Inc., American Pacific Plastics, Inc., PHI EZ Water Tech, Inc., and its previously discontinued operations, 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, 2018. 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 six months ended December 31, 2018 are not necessarily indicative of the results to be expected for the fiscal year ending June 30, 2019.
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 OTC Markets or other public exchanges. 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 December 31, 2018, the marketable securities were recorded at $518,266, based upon the fair value of the marketable securities at that time.
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 3 Fair value is a market-based measure, based on assumptions of prices and inputs considered from the perspective of a market participant that are current as of the measurement date, rather than an entity-specific measure. Therefore, even when market assumptions are not readily available, the Company’s own assumptions are set to reflect those that market participants would use in pricing the asset or liability at the measurement date. The availability of valuation techniques and observable inputs can vary from investment to investment and are affected by a wide variety of factors, including; type of investment, whether the investment is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the transaction. To the extent that valuation is based upon models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Because of the inherent uncertainty of valuation, those estimated values may be materially higher or lower than the values that would have been used had a ready market for the investments existed. Accordingly, the degree of judgment exercised by the Fund in determining fair value is greatest for investments categorized in Level 3. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level in the fair value hierarchy in which the fair value measurement falls in its entirety is determined based upon the lowest level input that is significant to the fair value measurement. Fair Value - Valuation Techniques and Inputs The Company holds and may invest public securities traded on public exchanges or over-the-counter (OTC), private securities, real estate, convertible securities, interest bearing securities and other types of securities and has adopted specific techniques for their respective valuations. Equity Securities in Public Companies Unrestricted The Company values investments in securities that are freely tradable and listed on major securities exchanges at their last reported sales price as of the valuation date. To the extent these securities are actively traded and valuation adjustments are not applied, they are categorized in Level 1 of the fair value hierarchy. Securities traded on inactive markets or valued by reference to similar instruments are generally categorized in Level 2 or 3 of the fair value hierarchy. Restricted Securities traded on public exchanges or over-the-counter (OTC) where there are formal restrictions that limit (i.e. Rule 144 holding periods and underwriter’s lock-ups) their sale shall be valued at the closing price on the date of valuation less applicable discounts. The Company may apply a discount to securities with Rule 144 restrictions. Additional discounts may be assessed if the Company believes there are other mitigating factors which warrant the additional discounting. When determining potential additional discounts, factors that will be taken into consideration include, but are not limited to; securities’ trading characteristics, volume, length and overall impact of the restriction as well as other macro-economic factors. Valuations should be discounted appropriately until the securities may be freely traded. If it has been determined that the exchange or OTC listed price does not accurately reflect fair market value, the Company may elect to treat the security as a private company and apply an alternative valuation method. Investments in restricted securities of public companies may be included in Level 2 of the fair value hierarchy. However, to the extent that significant inputs used to determine liquidity discounts are not observable, investments in restricted securities in public companies may be categorized in Level 3 of the fair value hierarchy. The Company’s financial instruments primarily consist of cash and cash equivalents, accounts receivable, marketable securities, short-term notes payable, convertible notes, derivative liability and accounts payable. As of the balance sheet dates, the estimated fair values of the financial instruments were not materially different from their carrying values as presented on the balance sheet. This is primarily attributed to the short maturities of these instruments. Effective July 1, 2008, the Company adopted ASC 820 (previously SFAS 157), Fair Value Measurements Assets measured at fair value on a recurring basis are summarized below. The Company also has convertible notes and derivative liabilities as disclosed in this report that are measured at fair value on a regular basis until paid off or exercised. Available-for-sale securities The Company uses various approaches to measure fair value of available-for-sale securities, while applying the three-level valuation hierarchy for disclosures, specified in ASC 820. Our Level 1 securities were measured using the quoted prices in active markets for identical assets and liabilities. The company’s policy regarding the transfers in and/or out of Level 3 depends on the trading activity of the security, the volatility of the security, and other observable units which clearly represents the fair value of the security. If a level 3 security can be measured using a more fairly represented fair value, we will transfer these securities either into Level 1 or Level 2, depending on the type of inputs.
Accounts Receivable	ACCOUNTS RECEIVABLE Management reviews the composition of accounts receivable and analyzes historical bad debts. As of December 31, 2018, the Company had accounts receivable in the amount of $632,000.
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 Standards	REVENUE RECOGNITION STANDARDS ASC 606-10 provides the following overview of how revenue is recognized from an entity’s contracts with customers: An entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Step 1: Identify the contract(s) with a customer. Step 2: Identify the performance obligations in the contract. Step 3: Determine the transaction price – The transaction price is the amount of consideration in a contract to which an entity expects to be entitled in exchange for transferring promised goods or services to a customer. Step 4: Allocate the transaction price to the performance obligations in the contract – Any entity typically allocates the transaction price to each performance obligation on the basis of the relative standalone selling prices of each distinct good or service promised in the contract. Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation – An entity recognizes revenue when (or as) it satisfies a performance obligation by transferring a promised good or service to a customer (which is when the customer obtains control of that good or service). The amount of revenue recognized is the amount allocated to the satisfied performance obligation. A performance obligation may be satisfied at a point in time (typically for promises to transfer goods to a customer) or over time (typically for promises to transfer service to a customer). For performance obligations satisfied over time, an entity recognizes revenue over time by selecting an appropriate method for measuring the entity’s progress toward complete satisfaction of that performance obligation. (Paragraphs 606-10 25-23 through 25-30). In addition, ASC 606-10 contains guidance on the disclosures related to revenue, and notes the following: It also includes a cohesive set of disclosure requirements that would result in an entity providing users of financial statements with comprehensive information about the nature, amount, timing, and uncertainty of revenue and cash flows arising from the entity’s contracts with customers. Specifically, Section 606-10-50 requires an entity to provide information about: - Revenue recognized from contracts with customers, including disaggregation of revenue into appropriate categories. - Contract balances, including the opening and closing balances of receivables, contract assets, and contract liabilities. - Performance obligations, including when the entity typically satisfies its performance obligations and the transaction prices is that is allocated to the remaining performance obligations in a contract. - Significant judgments, and changes in judgments, made in applying the requirements to those contracts. Additionally, Section 340-40-50 requires an entity to provide quantitative and/or qualitative information about assets recognized from the costs to obtain or fulfill a contract with a customer. The Company’s revenue recognition policies are in compliance with ASC 606-10. The Company recognizes consulting and advisory fee revenues in accordance with the above-mentioned guidelines and expenses are recognized in the period in which the corresponding liability is incurred.
Stock-Based Compensation	STOCK-BASED COMPENSATION Effective July 1, 2006, the Company adopted ASC 718-10-25 (previously SFAS 123R) and accordingly has adopted the modified prospective application method. Under this method, ASC 718-10-25 is applied to new awards and to awards modified, repurchased, or cancelled after the effective date. Additionally, compensation cost for the portion of awards that are outstanding as of the date of adoption for which the requisite service has not been rendered (such as unvested options) is recognized over a period of time as the remaining requisite services are rendered.
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. 2018-13 – August 2018 Fair Value Measurement (Topic 820): Changes to the Disclosure Requirements for Fair Value Measurement Modifications: The following disclosure requirements were modified in Topic 820: 1. In lieu of a roll-forward for Level 3 fair value measurements, a nonpublic entity is required to disclose transfers into and out of Level 3 of the fair value hierarchy and purchases and issues of Level 3 assets and liabilities. 2. For investments in certain entities that calculate net asset value, an entity is required to disclose the timing of liquidation of an investee’s assets and the date when restrictions from redemption might lapse only if the investee has communicated the timing to the entity or announced the timing publicly. 3. The amendments clarify that the measurement uncertainty disclosure is to communicate information about the uncertainty in measurement as of the reporting date. Additions: The following disclosure requirements were added to Topic 820; however, the disclosures are not required for nonpublic entities: 1. The changes in unrealized gains and losses for the period included in other comprehensive income for recurring Level 3 fair value measurements held at the end of the reporting period. 2. The range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements. For certain unobservable inputs, an entity may disclose other quantitative information (such as the median or arithmetic average) in lieu of the weighted average if the entity determines that other quantitative information would be a more reasonable and rational method to reflect the distribution of unobservable inputs used to develop Level 3 fair value measurements. The amendments in this Update are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Update No. 2018-07 – June 2018 Compensation – Stock Compensation (Topic 718) Improvements to Nonemployee Share-Based Payment Accounting Main Provisions: The amendments in this Update expand the scope of Topic 718 to include share-based payment transactions for acquiring goods and services from nonemployees. An entity should apply the requirements of Topic 718 to nonemployee awards except for specific guidance on inputs to an option pricing model and the attribution of cost (that is, the period of time over which share-based payment awards vest and the pattern of cost recognition over that period). The amendments specify that Topic 718 applies to all share-based payment transactions in which a grantor acquires goods or services to be used or consumed in a grantor’s own operations by issuing share-based payment awards. The amendments also clarify that Topic 718 does not apply to share-based payments used to effectively provide (1) financing to the issuer or (2) awards granted in conjunction with selling goods or services to customers as part of a contract accounted for under Topic 606, Revenue from Contracts with Customers. The amendments in this Update are effective for public business entities for fiscal years beginning after December 15, 2018, including interim periods within that fiscal year. Update No. 2017-13 - September 2017 Revenue Recognition (Topic 605), Revenue from Contracts with Customers (Topic 606) FASB Accounting Standards Updates No. 2014-09, Revenue from Contracts with Customers (Topic 606), issued in May 2014 and codified in ASC Topic 606, Revenue from Contracts with Customers, and No. 2016-02. The transition provisions in ASC Topic 606 require that a public business entity and certain other specified entities adopt ASC Topic 606 for annual reporting 3 periods beginning after December 15, 2017, including interim reporting periods within that reporting period. FN2 All other entities are required to adopt ASC Topic 606 for annual reporting periods beginning after December 15, 2018, and interim reporting periods within annual reporting periods beginning after December 15, 2019. Update No. 2016-10 - April 2016 Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing The core principle of the guidance in Topic 606 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps: 1. Identify the contract(s) with a customer. 2. Identify the performance obligations in the contract. 3. Determine the transaction price. 4. Allocate the transaction price to the performance obligations in the contract. 5. Recognize revenue when (or as) the entity satisfies a performance obligation. The amendments in this Update do not change the core principle of the guidance in Topic 606. Rather, the amendments in this Update clarify the following two aspects of Topic 606: identifying performance obligations and the licensing implementation guidance, while retaining the related principles for those areas. 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 implementation of these pronouncements would not have a material impact on the financial statements taken as a whole.

Marketable Equity Securities _2

Marketable Equity Securities Available for Sale (Tables)	6 Months Ended
	Dec. 31, 2018
Investments, Debt and Equity Securities [Abstract]
Schedule of Fair Value of Investments Marketable Equity Securities	The fair value of the shares recorded as of December 31, 2018 was $518,266. Securities available for sale Level 1 Level 2 Level 3 Total December 31, 2018 None $ 138,601 $ 379,665 $ 518,266 June 30, 2018 None $ 253,538 $ 846,945 $ 1,100,483

Other Assets (Tables)

Other Assets (Tables)	6 Months Ended
	Dec. 31, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Other Assets	12/31/2018 6/30/2018 Investments $ 26,316,419 $ 25,005,000 Contract Assets $ 2,497,841 $ 697,841 Total Other Assets $ 28,814,260 $ 25,702,841

Current Liabilities (Tables)

Current Liabilities (Tables)	6 Months Ended
	Dec. 31, 2018
Payables and Accruals [Abstract]
Schedule of Current Liabilities	Current liabilities of the Company consisted of the followings as of December 31, 2018 and June 30, 2018: December 31, 2018 June 30, 2018 Accounts Payable 114,538 116,063 Accrued Expenses 464,337 392,205 Short-term Notes Payable - Net 1,552,033 1,336,552 Due to Officers 448,017 233,577 Derivative Liabilities – Net 1,102,699 783,814 Contract Liabilities 2,497,841 697,841 Other Current Payable 92,781 92,781 Total Current Liabilities: $ 6,272,247 $ 3,607,834

Long-Term Liabilities (Tables)

Long-Term Liabilities (Tables)	6 Months Ended
	Dec. 31, 2018
Debt Disclosure [Abstract]
Schedule of Long-Term Liabilities	Long-term liabilities of the Company consisted of the followings as of December 31, 2018 and June 30, 2018: December 31, 2018 June 30, 2018 Demand promissory note – American Pacific Resources, Inc. 24,048,500 24,048,500 Accrued Expenses 1,174,565 1,063,481 Accrued Interest 2,067,349 2,005,815 Advances from Customers 288,219 288,219 Liabilities from Discontinued Operations (including Preferred Stock Liabilities) 1,255,037 1,255,037 Total Long-term Liabilities: $ 28,883,670 $ 28,661,052

Due to Officers (Tables)

Due to Officers (Tables)	6 Months Ended
	Dec. 31, 2018
Related Party Transactions [Abstract]
Components of Due to Officers	Officers/Directors December 31, 2018 June 30, 2018 Henry Fahman 147,167 $ 157,727 Tam Bui 288,350 $ 63,350 Lawrence Olson 12,500 12,500 Total $ 448,017 $ 233,577

Stock-Based Compensation Plan (

Stock-Based Compensation Plan (Tables)	6 Months Ended
	Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Fair Value of Stock Option Assumptions	The following assumptions were used in the Monte Carlo analysis by Doty Scott Enterprises, Inc., an independent valuation firm, to determine the fair value of the stock options: Risk-free interest rate 1.18 % Expected life 7 years Expected volatility 239.3 %
Schedule of Fair Value of Stock Option Issuance Date	The fair value of the Company’s Stock Options as of issuance valuation date is as follows: Holder Issue Date Maturity Date Stock Options Exercise Price Fair Value at Issuance Tam Bui 9/23/2016 9/23/2023 875,000 Fixed price: $0.24 $ 219,464 Frank Hawkins 9/23/2016 9/23/2023 875,000 Fixed price: $0.24 $ 219,464 Henry Fahman 9/23/2016 9/23/2023 4,770,000 Fixed price: $0.24 $ 1,187,984

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	6 Months Ended
	Dec. 31, 2018	Jun. 30, 2018
Maximum percentage of outstanding common stock and stock equivalents of investee	20.00%
Marketable securities	$ 518,266	$ 1,100,483
Accounts receivable	$ 632,000
Minimum [Member]
Property and equipment, estimated useful lives of assets	3 years
Maximum [Member]
Property and equipment, estimated useful lives of assets	5 years

Marketable Equity Securities _3

Marketable Equity Securities Available for Sale (Details Narrative) - USD ($)	Dec. 31, 2018	Jun. 30, 2018
Marketable securities, fair value	$ 518,266	$ 1,100,483
Myson Group, Inc [Member] | OTC Markets [Member]
Number of marketable securities available for sale	32,900,106
Sports Pouch Beverage Co [Member] | OTC Markets [Member]
Number of marketable securities available for sale	292,050,000

Marketable Equity Securities _4

Marketable Equity Securities Available for Sale - Schedule of Fair value of Investments Marketable Equity Securities (Details) - USD ($)	Dec. 31, 2018	Jun. 30, 2018
Marketable securities	$ 518,266	$ 1,100,483
Level 1 [Member]
Marketable securities
Level 2 [Member]
Marketable securities	138,601	253,538
Level 3 [Member]
Marketable securities	$ 379,665	$ 846,945

Other Assets (Details Narrative

Other Assets (Details Narrative)	6 Months Ended
	Dec. 31, 2018USD ($)ashares	Jul. 02, 2018ha	Jun. 30, 2018USD ($)a	Mar. 31, 2018ha
Investments	$ 26,316,419		$ 25,005,000
Percentage of ownership	51.00%		51.00%
Area of land	400	1,000	400	2,000
Contract assets	$ 2,497,841		$ 697,841
Total Other Assets	28,814,260		25,702,841
Aquarius Power Inc [Member]
Investments	5,000		$ 5,000
Vinafilms JSC [Member]
Investments	$ 1,311,419
Percentage of ownership	51.00%
Number of shares acquired | shares	3,060,000

Other Assets - Schedule of Othe

Other Assets - Schedule of Other Assets (Details) - USD ($)	Dec. 31, 2018	Jun. 30, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Investments	$ 26,316,419	$ 25,005,000
Contract Assets	2,497,841	697,841
Total Other Assets	$ 28,814,260	$ 25,702,841

Discontinued Operations (Detail

Discontinued Operations (Details Narrative) - USD ($)	Dec. 31, 2018	Jun. 30, 2018
Discontinued Operations and Disposal Groups [Abstract]
Liabilities from discontinued operations	$ 1,255,037	$ 1,255,037

Current Liabilities - Schedule

Current Liabilities - Schedule of Current Liabilities (Details) - USD ($)	Dec. 31, 2018	Jun. 30, 2018
Payables and Accruals [Abstract]
Accounts Payable	$ 114,538	$ 116,063
Accrued Expenses	464,337	392,205
Short-term Notes Payable - Net	1,552,033	1,336,552
Due to Officers	448,017	233,577
Derivative Liabilities - Net	1,102,699	738,814
Contract Liabilities	2,497,841	697,841
Other Current Payable	92,781	92,781
Total Current Liabilities:	$ 6,272,247	$ 3,607,834

Long-Term Liabilities (Details

Long-Term Liabilities (Details Narrative) - USD ($)	1 Months Ended
	Sep. 30, 2017	Dec. 31, 2018	Jun. 30, 2018	Mar. 31, 2018
Long term liability		$ 215,000
Accrue imputed interest expenses		12.00%
Advances from customers		$ 288,219	$ 288,219	$ 288,219
Other current liability		$ 92,781
Thinh Hung Investment Co [Member]
Repayments of debt	$ 381,000

Long-Term Liabilities - Schedul

Long-Term Liabilities - Schedule of Long-Term Liabilities (Details) - USD ($)	Dec. 31, 2018	Jun. 30, 2018	Mar. 31, 2018
Debt Disclosure [Abstract]
Demand promissory note - American Pacific Resources, Inc.	$ 24,048,500	$ 24,048,500
Accrued Expenses	1,174,565	1,063,481
Accrued Interest	2,067,349	2,005,815
Advances from Customers	288,219	288,219	$ 288,219
Liabilities from Discontinued Operations (including Preferred Stock Liabilities)	1,255,037	1,255,037
Total Long-term Liabilities:	$ 28,833,670	$ 28,661,052

Due to Officers (Details Narrat

Due to Officers (Details Narrative) - USD ($)	Dec. 31, 2018	Jun. 30, 2018
Related Party Transactions [Abstract]
Due to Officers/Directors	$ 448,017	$ 233,577

Due to Officers - Components of

Due to Officers - Components of Due to Officers (Details) - USD ($)	Dec. 31, 2018	Jun. 30, 2018
Due to Officers/Directors	$ 448,017	$ 233,577
Henry Fahman [Member]
Due to Officers/Directors	147,167	157,727
Tam Bui [Member]
Due to Officers/Directors	288,350	63,350
Lawrence Olson [Member]
Due to Officers/Directors	$ 12,500	$ 12,500

Loans and Promissory Notes (Det

Loans and Promissory Notes (Details Narrative) - USD ($)	Oct. 25, 2018	Oct. 17, 2018	Dec. 31, 2018	Jun. 30, 2018
Short-term notes payable			$ 1,552,033	$ 1,336,552
Percentage of interest per annum on short-term notes payable			12.00%
Principal amount			$ 1,080,899
Debt conversion percentage			4.99%
Debt conversion of common stock shares issued			273,894,330
Outstanding convertible note			$ 574,723
Discount on notes			506,176
Derivative liabilities - Net			$ 1,102,699	$ 738,814
One44 Capital LLC [Member]
Percentage of interest per annum on short-term notes payable		10.00%
Principal amount		$ 65,000
Debt maturity date		Oct. 17, 2019
Debt conversion percentage		55.00%
Prepaid outstanding convertible note, percentage		145.00%
Adar Alef LLC [Member]
Percentage of interest per annum on short-term notes payable	6.00%
Principal amount	$ 42,000
Debt maturity date	Oct. 25, 2019
Debt conversion percentage	52.00%
Prepaid outstanding convertible note, percentage	150.00%
Minimum [Member]
Percentage of interest per annum on short-term notes payable			0.00%
Maximum [Member]
Percentage of interest per annum on short-term notes payable			36.00%
Short-term Notes Payable [Member]
Short-term notes payable			$ 977,310
Accrued interest on notes payable			2,211,056
Robert Bui [Member]
Proceeds from short term debt			300,000
Interest expense			$ 30,000

Litigation (Details Narrative)

Litigation (Details Narrative) - USD ($)	Jul. 09, 2012	Oct. 31, 2000	May 31, 2011	Dec. 31, 2018	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
Accrued Liabilities [Member]
Accrued potential liabilities				$ 90,000
William Davidson [Member]
Settlement agreement amount	$ 200,000

Payroll Liabilities (Details Na

Payroll Liabilities (Details Narrative)	12 Months Ended
	Jun. 30, 2014USD ($)
Penalties, interest and tax	$ 118,399
Internal Revenue Service [Member]
Penalties, interest and tax	41,974
State of California Employment Development Department [Member]
Penalties, interest and tax	$ 19,290

Stockholder's Equity (Details N

Stockholder's Equity (Details Narrative)	Dec. 31, 2018USD ($)$ / sharesshares	Dec. 24, 2018USD ($)shares	Dec. 21, 2018USD ($)shares	Dec. 13, 2018USD ($)shares	Dec. 12, 2018USD ($)shares	Dec. 11, 2018USD ($)shares	Dec. 06, 2018USD ($)shares	Dec. 04, 2018USD ($)shares	Nov. 29, 2018USD ($)shares	Nov. 27, 2018USD ($)shares	Nov. 26, 2018USD ($)shares	Nov. 14, 2018USD ($)shares	Nov. 13, 2018USD ($)shares	Nov. 07, 2018USD ($)shares	Nov. 06, 2018USD ($)shares	Nov. 02, 2018USD ($)shares	Oct. 30, 2018USD ($)shares	Oct. 29, 2018USD ($)$ / sharesshares	Oct. 26, 2018USD ($)shares	Oct. 25, 2018USD ($)shares	Oct. 22, 2018USD ($)shares	Oct. 18, 2018USD ($)shares	Oct. 17, 2018USD ($)shares	Oct. 16, 2018USD ($)shares	Dec. 31, 2018USD ($)d$ / sharesshares	Dec. 27, 2018$ / sharesshares	Nov. 11, 2018$ / sharesshares	Jun. 30, 2018USD ($)$ / sharesshares
Number of authorized capital stock	7,000,000,000																								7,000,000,000
Number of authorized capital stock, par value | $ / shares	$ 0.001																								$ 0.001
Common stock voting, shares authorized	6,900,000,000																								6,900,000,000
Common stock, par value | $ / shares	$ 0.001																	$ 0.001							$ 0.001	$ 0.001	$ 0.001	$ 0.001
Preferred stock, shares authorized	100,000,000																	200,000,000							100,000,000	200,000,000	200,000,000	100,000,000
Preferred stock, par value | $ / shares	$ 0.001																	$ 0.001							$ 0.001	$ 0.001	$ 0.001	$ 0.001
Treasury stock, shares	484,767																								484,767			321,569
Treasury stock, value | $	$ 44,170																								$ 44,170			$ 44,170
Debt conversion of common stock shares issued																									273,894,330
Debt convertible, principal amount | $	$ 1,080,899																								$ 1,080,899
Common stock, shares issued	447,379,900																								447,379,900			135,893,815
Common stock, shares outstanding	447,379,900																								447,379,900			135,893,815
Excluding of common stock	5,673,327																								5,673,327
Debt conversion percentage																									4.99%
Debt description																									Each share of the Class A Preferred Stock, either Series I or Series II shall be convertible into the Company's Common Stock any time after two years 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, 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.
Debt trading days | d																									10
Common stock, shares authorized	6,900,000,000																	3,000,000,000							6,900,000,000	5,000,000,000	4,000,000,000	6,900,000,000
Subsidiary [Member]
Debt description																									Alternatively, each share of the Class A Preferred Stock, either Series I or Series II, may be convertible into Common Stock of a subsidiary of PHI Group, Inc.'s, to be determined by the Company's Board of Directors, any time after such subsidiary has become a fully-reporting publicly traded company for at least three months, at a Variable Conversion Price (as defined herein). The Variable Conversion Price to be used in connection with the conversion into Common Stock of a subsidiary of PHI Group, Inc.'s shall mean 50% multiplied by the Market Price (as defined herein), representing a discount rate of 50%, of that Common Stock. "Market Price" means the average Trading Price for the Common Stock of said subsidiary of PHI Group, Inc.'s 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 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, said subsidiary and Holder of the Class A Preferred Stock."
Class A Series I Cumulative Convertible Redeemable Preferred Stock [Member]
Preferred stock, shares authorized	20,000,000																								20,000,000
Preferred stock, par value | $ / shares	$ 0.001																								$ 0.001
Preferred stock, shares designated	20,000,000																								20,000,000
Percentage of non-compounding cumulative dividends per annum	10.00%																								10.00%
Class A Series I Cumulative Convertible Redeemable Preferred Stock [Member] | Previously Authorized [Member]
Preferred stock, shares authorized	100,000,000																								100,000,000
Class A Series II Cumulative Convertible Redeemable Preferred Stock [Member]
Preferred stock, shares authorized	25,000,000																								25,000,000
Preferred stock, par value | $ / shares	$ 0.001																								$ 0.001
Preferred stock, shares designated	25,000,000																								25,000,000
Percentage of non-compounding cumulative dividends per annum	8.00%																								8.00%
Class A Series II Cumulative Convertible Redeemable Preferred Stock [Member] | Previously Authorized [Member]
Preferred stock, shares authorized	100,000,000																								100,000,000
Class A Series III Cumulative Convertible Redeemable Preferred Stock [Member]
Preferred stock, shares authorized	50,000,000																								50,000,000
Preferred stock, par value | $ / shares	$ 0.001																								$ 0.001
Preferred stock, shares designated	50,000,000																								50,000,000
Percentage of non-compounding cumulative dividends per annum	8.00%																								8.00%
Class A Series III Cumulative Convertible Redeemable Preferred Stock [Member] | Previously Authorized [Member]
Preferred stock, shares authorized	100,000,000																								100,000,000
Class B Series I Preferred Stock [Member]
Preferred stock, shares authorized	100,000,000																								100,000,000
Preferred stock, par value | $ / shares	$ 0.001																								$ 0.001
Preferred stock, shares designated	25,000																								25,000
Preferred stock, shares issued	15,000																								15,000
Preferred stock, shares outstanding	15,000																								15,000
Class A Series II Preferred Stock [Member]
Preferred stock, shares issued	10,000,000																								10,000,000
Preferred stock, shares outstanding	10,000,000																								10,000,000
Class A Series III Preferred Stock [Member]
Preferred stock, shares issued	50,000,000																								50,000,000
Preferred stock, shares outstanding	50,000,000																								50,000,000
Common Stock [Member]
Common stock, par value | $ / shares																		$ 0.001								$ 0.001	$ 0.001
Common stock, shares authorized																		2,800,000,000								4,800,000,000	3,800,000,000
February 17, 2019 [Member]
Common stock, shares issued	1,208,383,378																								1,208,383,378
Common stock, shares outstanding	1,208,383,378																								1,208,383,378
Excluding of common stock	5,673,327																								5,673,327
January 03, 2019 [Member]
Common stock, par value | $ / shares	$ 0.001																								$ 0.001
Preferred stock, shares authorized	100,000,000																								100,000,000
Preferred stock, par value | $ / shares	$ 0.001																								$ 0.001
Common stock, shares authorized	7,000,000,000																								7,000,000,000
January 03, 2019 [Member] | Common Stock [Member]
Common stock, par value | $ / shares	$ 0.001																								$ 0.001
Common stock, shares authorized	6,900,000,000																								6,900,000,000
Adar Bays LLC [Member]
Debt conversion of common stock shares issued															2,464,270	10,746,606								8,603,239
Debt convertible, principal amount | $															$ 2,000	$ 19,000								$ 34,000
Debt principal amount after conversion | $															$ 0	$ 2,000								$ 21,000
Auctus Fund, LLC [Member]
Debt conversion of common stock shares issued			16,000,000	16,000,000				15,000,000		10,000,000			7,000,000										2,500,000
Debt convertible, principal amount | $			$ 7,003	$ 8,935				$ 8,268		$ 6,237			$ 6,888										$ 6,376
Debt principal amount after conversion | $			19,848	26,852				35,787		44,055			50,292										63,934
Accrued interest | $			177	165				232		463			452										624
Conversion fee | $			500	500				500		500			500										500
Debt conversion of common stock, value | $			$ 7,680	$ 9,600				$ 9,000		$ 7,200			$ 7,840										$ 7,500
Crown Bridge Partners LLC [Member]
Debt conversion of common stock shares issued	21,262,000	19,492,000			17,000,000		15,558,000		9,093,444			10,540,000				11,270,000		6,700,000				4,500,000
Debt convertible, principal amount | $	$ 7,686	$ 8,028			$ 8,128		$ 7,668		$ 3,409			$ 10,198				$ 18,000		$ 11,460				$ 11,628			$ 7,686
Debt principal amount after conversion | $	23,491	31,177			39,205		47,332		0			3,409						26,913				38,373			23,491
Accrued interest | $									1,820							1,320
Conversion fee | $	500	500			500		500		500			500						500				500			$ 500
Debt conversion of common stock, value | $	$ 8,186	$ 8,528			$ 8,628		$ 8,168		$ 5,729			$ 10,698				$ 19,320		$ 11,959				$ 12,128
Einstein Investment LLC [Member]
Debt conversion of common stock shares issued																					8,782,805
Debt convertible, principal amount | $																					$ 32,624
Debt principal amount after conversion | $																					0
Accrued interest | $																					250
Conversion fee | $																					500
Debt conversion of common stock, value | $																					$ 33,375
JSJ Investments, Inc [Member]
Debt conversion of common stock shares issued						15,277,718					13,672,202						3,700,000			9,044,851
Debt convertible, principal amount | $						$ 7,811					$ 13,535						$ 38,750			$ 37,310
Debt principal amount after conversion | $						0					$ 7,811						0			$ 41,440
Accrued interest | $						4,793											$ 4,193
Debt conversion of common stock, value | $						$ 12,604
JSJ Investments, Inc [Member] | Restricted Common Stock [Member]
Debt conversion of common stock shares issued														11,070,714
Debt convertible, principal amount | $														$ 20,093
Debt principal amount after conversion | $														$ 21,347
Power Up Lending Group Ltd [Member]
Debt conversion of common stock shares issued																		2,518,919	6,097,561
Debt convertible, principal amount | $																		$ 8,000	$ 25,000
Debt principal amount after conversion | $																			$ 8,000
Accrued interest | $																		1,320
Debt conversion of common stock, value | $																		$ 9,320
American Pacific Plastics, Inc [Member]
Debt conversion of common stock shares issued																									50,000,000
Debt conversion percentage																									80.00%

Stock-Based Compensation Plan_2

Stock-Based Compensation Plan (Details Narrative) - $ / shares	Sep. 23, 2016	Dec. 31, 2018	Mar. 18, 2015
Employee benefit plan shares of common stock for eligible employees			1,000,000
Henry Fahman [Member]
Option grant date exercise price per share	$ 0.24
Number of option shares	6,520,000
Number of options outstanding term		7 years
Number of options exercisable term		1 year

Stock-Based Compensation Plan -

Stock-Based Compensation Plan - Schedule of Fair Value of Stock Option Assumptions (Details)	6 Months Ended
	Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Risk-free interest rate	1.18%
Expected life	7 years
Expected volatility	239.30%

Stock-Based Compensation Plan_3

Stock-Based Compensation Plan - Schedule of Fair Value of Stock Option Issuance Date (Details)	6 Months Ended
	Dec. 31, 2018USD ($)$ / sharesshares
Tam Bui [Member]
Stock Options Issue Date	Sep. 23, 2016
Stock Options Maturity Date	Sep. 23, 2023
Stock Options Shares | shares	875,000
Stock Options Exercise Price | $ / shares	$ 0.24
Fair Value at Issuance of Stock Option | $	$ 219,464
Frank Hawkins [Member]
Stock Options Issue Date	Sep. 23, 2016
Stock Options Maturity Date	Sep. 23, 2023
Stock Options Shares | shares	875,000
Stock Options Exercise Price | $ / shares	$ 0.24
Fair Value at Issuance of Stock Option | $	$ 219,464
Henry Fahman [Member]
Stock Options Issue Date	Sep. 23, 2016
Stock Options Maturity Date	Sep. 23, 2023
Stock Options Shares | shares	4,770,000
Stock Options Exercise Price | $ / shares	$ 0.24
Fair Value at Issuance of Stock Option | $	$ 1,187,984

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
President and Secretary & Treasurer [Member]
Accrued salaries	$ 52,500	$ 52,500
Tam Bui [Member]
Proceeds from short term debt	$ 200,000

Contracts and Commitments (Deta

Contracts and Commitments (Details Narrative)	Nov. 05, 2018	Oct. 22, 2018shares	Sep. 20, 2018shares	Mar. 27, 2018USD ($)	Feb. 28, 2018	Dec. 31, 2018USD ($)ashares	Dec. 31, 2018USD ($)ashares	Jun. 30, 2018USD ($)a	Dec. 01, 2018USD ($)	Oct. 16, 2018USD ($)	Aug. 06, 2018	Jul. 22, 2018USD ($)	Jul. 02, 2018aha	Mar. 31, 2018aha	Feb. 21, 2018EUR (€)	Aug. 03, 2017shares
Business acquisition percentage							94.00%
Common stock beneficially conversion, percentage							4.99%
Investment						$ 26,316,419	$ 26,316,419	$ 25,005,000
Area of land						400	400	400					1,000	2,000
Contract assets						$ 2,497,841	$ 2,497,841	$ 697,841
Contract assets offset as contract liabilities						$ 2,497,841	$ 2,497,841	$ 697,841
Percentage of ownership						51.00%	51.00%	51.00%
Luxembourg Institutional Bank Fund [Member]
Contract assets						$ 180,000	$ 180,000
Contract assets recognized as revenue						200,000
Contract assets offset as contract liabilities						1,800,000	1,800,000
Thanh Vu [Member]
Contract assets						697,841	697,841	$ 2,000,000
Contract assets recognized as revenue								$ 1,212,159
Contract assets offset as contract liabilities						697,841	$ 697,841
GildexShop Pte Ltd [Member]
Original price per share, description					APRI agrees to guarantee the value of all such GLDX ICO tokens that are purchased by investors by allowing the token holders to exchange the original purchase prices of such ICO tokens for gold from APRI at 50% discount to the Market Price (as defined herein) of gold at the time of exchange.
Discount on market price					50.00%
Phuong Hoang Investment and Development LLC [Member]
Business acquisition percentage							75.00%
Area of land | a														4,940
Vinafilms JSC [Member]
Investment						$ 1,311,419	$ 1,311,419
Percentage of ownership						51.00%	51.00%
Saigon Pho Palace Joint Stock Company [Member] | Luxembourg Institutional Bank Fund [Member]
Investment										$ 2,000,000
Contract assets						$ 2,000,000	$ 2,000,000
American Saigon Palace Group [Member]
Percentage of ownership	51.00%
Debt or stock conversion percentage	80.00%
DIO Group [Member]
Equity method investments									$ 4,000,000
Percentage of ownership									15.00%
Euros [Member]
Investment | €															€ 3,500,000
Extra amount to be paid to structuring agent | €															€ 1,500,000
First Tranche [Member]
Number of common stock shares issued during the period | shares							7,936,600
Investment Agreement [Member]
Payment of commitment							$ 10,000,000
Common stock shares reserved for future issuance | shares						20,000,000	20,000,000									65,445,000
Total purchase price							$ 250,000
Business acquisition percentage							200.00%
Luxembourg Reserved Alternative Investment Fund [Member] | Thanh Vu [Member]
Investment company payment to fund by affiliate				$ 2,000,000
Luxembourg Reserved Alternative Investment Fund [Member] | Due upon Signining [Member]
Investment company payment to fund by affiliate				500,000
Luxembourg Reserved Alternative Investment Fund [Member] | Fifteen Days After Signing [Member]
Investment company payment to fund by affiliate				$ 1,500,000
Business Cooperation Agreement [Member] | Regent Blockchain Group, Ltd [Member]
Equity method investments												$ 4,000,000
Percentage of ownership												51.00%
Business Cooperation Agreement [Member] | Bao Lam LLC [Member]
Business acquisition percentage							75.00%
Business Cooperation Agreement [Member] | Vinafilms JSC [Member]
Percentage of ownership											51.00%
Business Cooperation Agreement One [Member] | Bao Lam LLC [Member]
Area of land | a													2,470
Business Cooperation Agreement One [Member] | Saigon Pho Palace Joint Stock Company [Member]
Percentage of ownership										51.00%
Business Cooperation Agreement One [Member] | Saigon Pho Palace Joint Stock Company [Member] | Common Stock [Member]
Exchange of shares | shares		15,300,000
Stock Swap Agreement [Member] | Vinafilms JSC [Member]
Percentage of ownership			76.00%
Stock Swap Agreement [Member] | Vinafilms JSC [Member] | Class A Series III Cumulative Convertible Redeemable Preferred Stock [Member]
Exchange of shares | shares			50,000,000
Stock Swap Agreement [Member] | Vinafilms JSC [Member] | Common Stock [Member]
Exchange of shares | shares			3,060,000

Going Concern Uncertainty (Deta

Going Concern Uncertainty (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accumulated deficit	$ (41,876,024)		$ (41,876,024)		$ (40,551,299)
Stockholders' deficit	(4,118,674)		(4,118,674)		$ (4,844,747)
Net loss	$ (407,043)	$ (435,234)	$ (1,324,725)	$ (1,386,787)

Subsequent Event (Details Narra

Subsequent Event (Details Narrative) - USD ($)	Feb. 13, 2019	Feb. 08, 2019	Feb. 07, 2019	Feb. 04, 2019	Jan. 29, 2019	Jan. 28, 2019	Jan. 24, 2019	Jan. 23, 2019	Jan. 22, 2019	Jan. 17, 2019	Jan. 15, 2019	Jan. 14, 2019	Jan. 11, 2019	Jan. 09, 2019	Jan. 08, 2019	Dec. 31, 2018	Dec. 24, 2018	Dec. 21, 2018	Dec. 13, 2018	Dec. 12, 2018	Dec. 11, 2018	Dec. 06, 2018	Dec. 04, 2018	Nov. 29, 2018	Nov. 27, 2018	Nov. 26, 2018	Nov. 14, 2018	Nov. 13, 2018	Nov. 02, 2018	Oct. 30, 2018	Oct. 29, 2018	Oct. 26, 2018	Oct. 25, 2018	Oct. 18, 2018	Oct. 17, 2018	Dec. 31, 2018
Debt conversion of common stock shares issued																																				273,894,330
Debt convertible, principal amount																$ 1,080,899																				$ 1,080,899
Auctus Fund, LLC [Member]
Debt conversion of common stock shares issued																		16,000,000	16,000,000				15,000,000		10,000,000			7,000,000							2,500,000
Debt convertible, principal amount																		$ 7,003	$ 8,935				$ 8,268		$ 6,237			$ 6,888							$ 6,376
Accrued interest																		177	165				232		463			452							624
Conversion fee																		500	500				500		500			500							500
Debt conversion of common stock, value																		7,680	9,600				9,000		7,200			7,840							7,500
Debt principal amount after conversion																		$ 19,848	$ 26,852				$ 35,787		$ 44,055			$ 50,292							$ 63,934
JSJ Investments, Inc [Member]
Debt conversion of common stock shares issued																					15,277,718					13,672,202				3,700,000			9,044,851
Debt convertible, principal amount																					$ 7,811					$ 13,535				$ 38,750			$ 37,310
Accrued interest																					4,793									4,193
Debt conversion of common stock, value																					12,604
Debt principal amount after conversion																					$ 0					$ 7,811				$ 0			$ 41,440
Crown Bridge Partners, LLC [Member]
Debt conversion of common stock shares issued																21,262,000	19,492,000			17,000,000		15,558,000		9,093,444			10,540,000		11,270,000		6,700,000			4,500,000
Debt convertible, principal amount																$ 7,686	$ 8,028			$ 8,128		$ 7,668		$ 3,409			$ 10,198		$ 18,000		$ 11,460			$ 11,628		7,686
Accrued interest																								1,820					1,320
Conversion fee																500	500			500		500		500			500				500			500		500
Debt conversion of common stock, value																8,186	8,528			8,628		8,168		5,729			10,698		$ 19,320		11,959			12,128
Debt principal amount after conversion																$ 23,491	$ 31,177			$ 39,205		$ 47,332		$ 0			$ 3,409				$ 26,913			$ 38,373		$ 23,491
Power Up Lending Group, Ltd [Member]
Debt conversion of common stock shares issued																															2,518,919	6,097,561
Debt convertible, principal amount																															$ 8,000	$ 25,000
Accrued interest																															1,320
Debt conversion of common stock, value																															$ 9,320
Debt principal amount after conversion																																$ 8,000
Subsequent Event [Member] | European Plastic Co. [Member] | General Partner [Member]
Proceeds from related parties	$ 2,000,000
Minority interest	49.50%
Subsequent Event [Member] | Saigon Pho Palace Joint Stock Company [Member]
Proceeds from business acquisition															$ 200,000
Subsequent Event [Member] | Auctus Fund, LLC [Member]
Debt conversion of common stock shares issued		37,070,000		39,373,800		33,000,000					25,000,000				20,000,000
Debt convertible, principal amount				$ 5,800		$ 2,316					$ 9,415				$ 8,117
Accrued interest						15					85				183
Conversion fee		$ 500		500		500					500				500
Debt conversion of common stock, value		5,931		6,300		6,600					10,000				8,800
Debt principal amount after conversion				$ 5,431		11,231					$ 2,316				$ 11,731
Debt penalties		$ 5,431				$ 3,769
Subsequent Event [Member] | JSJ Investments, Inc [Member]
Debt conversion of common stock shares issued		52,237,707		45,811,785	38,663,736		31,658,523							19,140,669
Debt convertible, principal amount		$ 11,492		$ 10,079	$ 10,633		$ 13,930							$ 13,686
Debt principal amount after conversion		$ 18,931		$ 30,424	$ 40,502		$ 51,135							$ 65,064
Subsequent Event [Member] | Crown Bridge Partners, LLC [Member]
Debt conversion of common stock shares issued											23,000,000			22,324,000
Debt convertible, principal amount											$ 7,550			$ 8,095
Conversion fee											500			500
Debt conversion of common stock, value											8,050			8,595
Debt principal amount after conversion											$ 7,846			$ 15,396
Subsequent Event [Member] | Power Up Lending Group, Ltd [Member]
Debt conversion of common stock shares issued						34,844,828	33,342,857	33,314,463	22,304,348	22,316,327	22,312,500	22,311,475	22,313,433
Debt convertible, principal amount						$ 7,185	$ 11,670	$ 13,670	$ 10,260	$ 10,935	$ 14,280	$ 13,610	$ 14,950
Accrued interest						2,920
Debt conversion of common stock, value						10,105
Debt principal amount after conversion						$ 0	$ 7,185	$ 18,855	$ 32,525	$ 42,785	$ 66,660	$ 80,940	$ 94,550
Subsequent Event [Member] | Power Up Lending Group, Ltd [Member]
Debt conversion of common stock shares issued											22,310,345
Debt convertible, principal amount											$ 12,940
Debt principal amount after conversion											$ 53,720
Subsequent Event [Member] | EMA Financial, LLC [Member]
Debt conversion of common stock shares issued			53,000,000			39,370,000
Debt convertible, principal amount			$ 6,620			$ 6,090
Debt conversion of common stock, value			45,580			32,480
Debt principal amount after conversion			$ 68,358			$ 93,910
Subsequent Event [Member] | One44 Capital, LLC, [Member]
Debt conversion of common stock shares issued				45,955,682
Debt convertible, principal amount				$ 9,600
Accrued interest				510
Debt conversion of common stock, value				10,110
Debt principal amount after conversion				$ 80,400