Philux Global (PHIL) 10-K/A 17 Jan 23 2022 FY Annual report (amended) Financial data

Cover

Cover - shares	12 Months Ended
	Jun. 30, 2022	Jan. 17, 2023
Cover [Abstract]
Document Type	10-K/A
Amendment Flag	true
Amendment Description	The purpose of this Form 10-K/A is to combine the EDGAR-formatted version of the 10-K filed on January 13, 2023 with the required iXBRL tagging, to provide additional information about Class B Series I Preferred Stock (Item 12), to correct some typographical errors in Note 3 (Other Current Assets) and Note 4 (Other Assets) of the filed 10-K, to include additional information with regard to Note 13 (Preferred Stock), Note 16 (Related Party Transactions), Note 18 (Contracts and Commitments) and Note 20 (Subsequent Events) and to add references to the Exhibit Index.
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2022
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--06-30
Entity File Number	001-38255-NY
Entity Registrant Name	PHI GROUP, INC
Entity Central Index Key	0000704172
Entity Tax Identification Number	90-0114535
Entity Incorporation, State or Country Code	WY
Entity Address, Address Line One	2323 Main Street
Entity Address, City or Town	Irvine
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	92614
City Area Code	702
Local Phone Number	475-5430
Title of 12(b) Security	Common Stock
Trading Symbol	PHIL
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	No
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		33,645,885,430
Auditor Firm ID	6662
Auditor Location	Bangalore, India
Auditor Name	M.S. Madhava Rao

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Jun. 30, 2022	Jun. 30, 2021
Current Assets
Cash and cash equivalents	$ 67,896	$ 95,344
Marketable securities	546	385,457
Other current assets	365,360
Total current assets	433,802	480,801
Other assets:
Investments	36,161	446,995
Total Assets	469,963	927,796
Current Liabilities
Accounts payable	615,805	608,521
Sub-fund obligations	1,574,775	1,474,775
Accrued expenses	931,417	1,993,478
Short-term loans and notes payable	676,888	325,621
Convertible Promissory Notes	756,250	220,230
Due to officers	1,077,218	1,720,323
Advances from customers	665,434	582,237
Derivative liabilities and Note Discount	715,677
Total Liabilities	7,013,465	6,925,185
Stockholders’ deficit:
Total Preferred Stock	2,440	180
APIC - Class B Series I	1,840
Common stock, $0.001 par value; 60 billion shares authorized; 31,429,380,453 shares issued and outstanding on 06/30/2022; 40 billion shares authorized and 26,081,268,895 shares issued and outstanding on 6/30/2021, respectively, adjusted for 1 for 1,500 reverse split effective March 15, 2012. Par value:	31,429,381	26,081,269
APIC - Common Stock	34,394,912	21,123,349
Common Stock to be issued		15,000
Common Stock to be cancelled	(35,500)	(2,696,410)
Treasury stock: 484,767 shares as of 6/30/22 and 6/30/21, respectively - cost method.	(44,170)	(44,170)
Accumulated deficit	(71,717,973)	(50,563,530)
Total Acc. Other Comprehensive Income (Loss)	(572,591)	86,923
Total stockholders’ deficit	(6,543,502)	(5,997,389)
Total liabilities and stockholders’ deficit	469,963	927,796
Class B Series I Preferred Stock [Member]
Stockholders’ deficit:
Total Preferred Stock	$ 600	$ 180

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 25, 2020
Preferred Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	500,000,000	500,000,000	500,000,000
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001	$ 0.001
Common Stock, Shares Authorized	60,000,000,000	40,000,000,000	40,000,000,000
Common Stock, Shares, Outstanding	31,429,380,453	26,081,268,895
Stockholders' Equity, Reverse Stock Split	1 for 1,500 reverse split
Treasury Stock, Shares		484,767
Class B Series I Preferred Stock [Member]
Preferred Stock, Par or Stated Value Per Share	$ 0.001
Preferred Stock, Shares Outstanding	600,000	180,000

Consolidated Statement of Opera

Consolidated Statement of Operations - USD ($)	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Net revenues
Total revenues	$ 30,000	$ 61,000
Operating expenses:
Salaries and wages	360,000	247,500
Professional services, including non-cash compensation	15,347,903	508,280
Asia Diamond Exchange development costs	1,018,651
General and administrative	203,374	157,836
Total operating expenses	16,929,928	913,616
Income (loss) from operations	(16,899,928)	(852,616)
Other income and expenses
Other income	1,118,195	406,776
Interest expense	(1,592,557)	(369,280)
Other expenses	(3,780,153)	(5,738,058)
Net other income (expenses)	(4,254,515)	(5,700,562)
Net income (loss)	$ (21,154,443)	$ (6,553,178)
Net loss per share:
Basic	$ 0	$ 0
Diluted	$ 0	$ 0
Weighted average number of shares outstanding:
Basic	28,448,615,941	17,386,377,288
Diluted	28,448,615,941	17,386,377,288
Investment Advisory, Management and Administrative Service [Member]
Net revenues
Total revenues	$ 30,000	$ 61,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities:
Net income (loss) from operations	$ (21,154,443)	$ (6,553,178)
Mark-to-market adjustments	(659,514)	110,222
Net change due to non-cash issuances of stock	20,404,740	6,903,693
(Increase) decrease in assets and prepaid expenses
Marketable securities	384,911	(150,369)
Total deferred financing costs	(355,860)
Total (increase) decrease in assets and prepaid expenses	29,051	(150,369)
Increase (decrease) in accounts payable and accrued expenses
Accounts payable	7,284	254,441
Sub-fund obligations	90,500	208,141
Accrued expenses	(1,062,061)	(805,265)
Advances from customers	83,197	151,737
Derivative liabilities	715,677	(198,868)
Total increase (decrease) in accounts payable and accrued expenses	(165,404)	(389,814)
Net cash provided by (used in) operating activities	(1,545,570)	(79,446)
Cash flows from investing activities:
Net cash provided by (used in) investing activities	410,834	(441,995)
Cash flows from financing activities:
Loans from Directors/Officers		24,049
Notes payable	1,087,288	254,825
Common Stock	20,000	112,530
Net cash provided by (used in) financing activities	1,107,288	391,404
Net decrease in cash and cash equivalents	(27,448)	(130,037)
Cash and cash equivalents, beginning of period	95,344	225,381
Cash and cash equivalents, end of period	$ 67,896	$ 95,344

Statement of Stockholders' Defi

Statement of Stockholders' Deficit - USD ($)	Common Stock [Member]	Preferred Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member]	Common Stock to be Cancelled [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Jun. 30, 2021	$ 26,081,269	$ 180	$ 21,123,350	$ (44,170)	$ (35,500)	$ (266,890)	$ (50,563,350)	$ (5,997,389)
Beginning balance, shares at Jun. 30, 2021	26,081,268,895	180,000		(484,767)
Common Shares cancelled during the quarter ended December 31, 2021	$ (784)		(753)					(1,537)
Common Shares cancelled during the quarter ended December 31, 2021, shares	(784,249)
Common Shares issued for conversion of loans duirng quarter ended September 30, 2021	$ 103,279		495,740					599,019
Common Shares issued for conversion of loans during quarter ended September 30, 2021, shares	103,279,112
Common Shares issued for accrued salaries during the quarter ended March 31, 2022	$ 222,824		1,362,666					1,585,490
Common Shares issued for accrued salaries during the quarter ended December 31, 2021, shares	222,823,725
Common Shares issued for Consulting service during the quarter ended December 31, 2021	$ 767,000		4,141,800					4,908,800
Common Shares issued for Consulting service during the quarter ended December 31, 2021, shares	767,000,000
Net Income (Loss)								(5,960,170)
Balance at Fiscal Year Ended June 30, 2022 at Sep. 30, 2021	$ 27,173,588	$ 180	27,122,803	$ (44,170)	(35,500)	2,423,041	(56,523,700)	(2,514,670)
Ending balance, shares at Sep. 30, 2021	27,173,587,483	180,000		(484,767)
Beginning balance, value at Jun. 30, 2021	$ 26,081,269	$ 180	21,123,350	$ (44,170)	(35,500)	(266,890)	(50,563,350)	(5,997,389)
Beginning balance, shares at Jun. 30, 2021	26,081,268,895	180,000		(484,767)
Balance at Fiscal Year Ended June 30, 2022 at Mar. 31, 2022	$ 29,877,933	$ 600	35,036,572	$ (44,170)	(35,500)	3,283,997	(69,617,693)	(946,420)
Ending balance, shares at Mar. 31, 2022	29,877,933,513	600,000		(484,767)
Beginning balance, value at Jun. 30, 2021	$ 26,081,269	$ 180	21,123,350	$ (44,170)	(35,500)	(266,890)	(50,563,350)	(5,997,389)
Beginning balance, shares at Jun. 30, 2021	26,081,268,895	180,000		(484,767)
Net Income (Loss)								(21,154,443)
Common Shares issued for cash during the quarter ended June 30, 2022, shares	31,429,380,289
Balance at Fiscal Year Ended June 30, 2022 at Jun. 30, 2022	$ 31,429,381	$ 600	34,394,912	$ (44,170)	(35,500)	(572,591)	(71,717,973)	(6,543,502)
Ending balance, shares at Jun. 30, 2022	31,429,380,289	600,000		(484,767)
Beginning balance, value at Sep. 30, 2021	$ 27,173,588	$ 180	27,122,803	$ (44,170)	(35,500)	2,423,041	(56,523,700)	(2,514,670)
Beginning balance, shares at Sep. 30, 2021	27,173,587,483	180,000		(484,767)
Common Shares cancelled during the quarter ended December 31, 2021	$ (235,479)		(2,425,432)					(2,660,911)
Common Shares cancelled during the quarter ended December 31, 2021, shares	(235,478,810)
Common Shares issued for accrued salaries during the quarter ended March 31, 2022	$ 52,197		245,524					297,721
Common Shares issued for accrued salaries during the quarter ended December 31, 2021, shares	52,196,586
Common Shares issued for Consulting service during the quarter ended December 31, 2021	$ 1,533,000		8,201,200					9,734,200
Common Shares issued for Consulting service during the quarter ended December 31, 2021, shares	1,533,000,000
Net Income (Loss)								(10,591,638)
Common Shares issued for conversion of notes during the quarter ended June 30, 2022	$ 54,750		117,859					172,609
Common Shares issued for conversion of notes during the quarter ended March 31, 2022, shares	54,750,000
Common Shares issued for exercise of warrants during the quarter ended March 31, 2022	$ 166,443		53,211					219,654
Common Shares issued for exercise of warrants during the quarter ended March 31, 2022, shares	166,443,119
Common Shares issued for previously paid subscription during the quarter ended December 31, 2021	$ 30,000		135,000					165,000
Common Shares issued for previously paid subscription during the quarter ended December 31, 2021, shares	30,000,000
Preferred Stock issued for loan payment during the quarter ended December 31, 2021		$ 420	1,840					600
Preferred Stock issued for loan payment during the quarter ended December 31, 2021, shares		420,000
Balance at Fiscal Year Ended June 30, 2022 at Dec. 31, 2021	$ 28,774,498	$ 600	33,450,163	$ (44,170)	(35,500)	3,504,806	(67,115,338)	(1,463,100)
Ending balance, shares at Dec. 31, 2021	28,774,498,378	600,000		(484,767)
Common Shares issued for accrued salaries during the quarter ended March 31, 2022	$ 55,000	$ 600	88,000					143,000
Common Shares issued for conversion of notes during the quarter ended June 30, 2022	$ 827,959		1,042,281					1,870,240
Common Shares issued for conversion of notes during the quarter ended March 31, 2022, shares	827,958,704
Common Shares issued for exercise of warrants during the quarter ended March 31, 2022	$ 220,476		456,128					676,604
Common Shares issued for exercise of warrants during the quarter ended March 31, 2022, shares	220,476,431
Common Shares issued for cash during the quarter ended June 30, 2022, shares	55,000,000	600,000
Balance at Fiscal Year Ended June 30, 2022 at Mar. 31, 2022	$ 29,877,933	$ 600	35,036,572	$ (44,170)	(35,500)	3,283,997	(69,617,693)	(946,420)
Ending balance, shares at Mar. 31, 2022	29,877,933,513	600,000		(484,767)
Common Shares issued for conversion of notes during the quarter ended June 30, 2022	$ 1,541,447		(636,660)					904,787
Common Shares issued for conversion of notes during the quarter ended March 31, 2022, shares	1,541,446,776
Common Shares issued for cash during the quarter ended June 30, 2022, shares	10,000,000
Common Shares issued for cash during the quarter ended June 30, 2022	$ 10,000		(5,000)					5,000
Balance at Fiscal Year Ended June 30, 2022 at Jun. 30, 2022	$ 31,429,381	$ 600	$ 34,394,912	$ (44,170)	$ (35,500)	$ (572,591)	$ (71,717,973)	$ (6,543,502)
Ending balance, shares at Jun. 30, 2022	31,429,380,289	600,000		(484,767)

NATURE OF BUSINESS

NATURE OF BUSINESS	12 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NATURE OF BUSINESS	NOTE 1 NATURE OF BUSINESS PHI Group, Inc. (n/k/a Philux Global Group Inc) (the “Company” or “PHI”) ( www.philuxglobal.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. In January 2000, the Company changed its name to Providential Securities, Inc., a Nevada corporation, following a business combination with Providential Securities, Inc., a California-based financial services company. In February 2000, the Company then changed its name to Providential Holdings, Inc. 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 various transactions in connection with 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. The Company is currently focused on PHILUX Global Funds, SCA, SICAV-RAIF by launching Philux Global Select Growth Fund and potentially other sub-funds for investment in real estate, renewable energy, infrastructure, agriculture and healthcare and the Asia Diamond Exchange in Vietnam. In addition, PHILUX Capital Advisors, Inc. (formerly Capital Holdings, Inc.), a wholly owned subsidiary of the Company, continues to provide corporate and project finance services, including merger and acquisition (M&A) advisory and consulting services for U.S. and international companies. The Company has signed agreements to acquire majority equity interests in Kota Construction LLC and Kota Energy Group LLC which are engaged in solar energy business ( https://www.kotasolar.com www.tinthanhgroup.vn

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES PRINCIPLES OF CONSOLIDATION The consolidated financial statements include the accounts of (1) PHI Group, Inc., its subsidiaries including (2) PHILUX Global Funds SCA, SICAV-RAIF, a Luxembourg bank fund designed to hold a number of subfund compartments for investing in various selective industries, (3) PHI Luxembourg Development S.A., the mother holding company for PHILUX Global Funds, (4) PHI Luxembourg Holding S.A., (5) PHILUX Global General Partner S.A., (6) Asia Diamond Exchange, Inc., a Wyoming corporation ( 100 %), (7) PHILUX Capital Advisors, Inc., a Wyoming corporation ( 100 %), and (8) CO2-1-0 (CARBON) Corp., collectively referred to as the “Company.” The other subsidiaries of the Company were not active during the fiscal year ended June 30, 2022. All significant inter-company transactions have been eliminated in consolidation. USE OF ESTIMATES The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. CASH AND CASH EQUIVALENTS The Company considers all liquid investments with a maturity of three months or less from the date of purchase that are readily convertible into cash to be cash equivalents. MARKETABLE SECURITIES The Company’s securities are classified as available-for-sale and, as such, are carried at fair value. Securities classified as available-for-sale may be sold in response to changes in interest rates, liquidity needs, and for other purposes. Each investment in marketable securities typically represents less than twenty percent ( 20 %) of the outstanding common stock and stock equivalents of the investee, and each security is quoted on a national exchange or on the OTC Markets. As such, each investment is accounted for in accordance with the provisions of ASC 320 (previously SFAS No. 115). Unrealized holding gains and losses for available-for-sale securities are excluded from earnings and reported as a separate component of stockholder’s equity. Realized gains and losses for securities classified as available-for-sale are reported in earnings based upon the adjusted cost of the specific security sold. On June 30, 2022 and 2021 the marketable securities have been recorded at $ 546 and $ 385,457 , respectively, based upon the fair value of the marketable securities at that time. ACCOUNTS RECEIVABLE Management reviews the composition of accounts receivable and analyzes historical bad debts. There was no account receivable or bad debt during the fiscal ended June 30, 2022. IMPAIRMENT OF LONG-LIVED ASSETS Effective January 1, 2002, the Company adopted ASC 350 (Previously SFAS 144, “Accounting for the Impairment or Disposal of Long-Lived Assets”), which addresses financial accounting and reporting for the impairment or disposal of long-lived assets and supersedes SFAS No. 121, “Accounting for the Impairment of Long-Lived Assets and for Long-Lived Assets to be Disposed Of,” and the accounting and reporting provisions of APB Opinion No. 30, “Reporting the Results of Operations for a Disposal of a Segment of a Business.” The Company periodically evaluates the carrying value of long-lived assets to be held and used in accordance with ASC 350. ASC 350 requires impairment losses to be recorded on long-lived assets used in operations when indicators of impairment are present and the undiscounted cash flows estimated to be generated by those assets are less than the assets’ carrying amounts. In that event, a loss is recognized based on the amount by which the carrying amount exceeds the fair market value of the long-lived assets. Loss on long-lived assets to be disposed of is determined in a similar manner, except that fair market values are reduced for the cost of disposal. PROPERTY AND EQUIPMENT Property and equipment are stated at cost. Maintenance and repair costs are charged to expense as incurred; costs of major additions and betterments are capitalized. When property and equipment are sold or otherwise disposed of, the cost and related accumulated depreciation are eliminated from the accounts and any resulting gain or loss is reflected in income. Depreciation is computed using the straight-line method over the estimated useful lives of the assets, ranging from three to ten years. DEPRECIATION AND AMORTIZATION The cost of property and equipment is depreciated over the estimated useful lives of the related assets. Depreciation and amortization of fixed assets are computed on a straight-line basis. NET EARNINGS (LOSS) PER SHARE The Company adopted the provisions of ASC 260 (previously SFAS 128). ASC 260 eliminates the presentation of primary and fully diluted earnings per share (“EPS”) and requires presentation of basic and diluted EPS. Basic EPS is computed by dividing income (loss) available to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted EPS is based on the weighted-average number of shares of common stock outstanding for the period and common stock equivalents outstanding at the end of the period. The net earnings (loss) per share is computed as follows: SCHEDULE OF NET EARNINGS (LOSS) PER SHARE Basic and diluted loss per share: 2022 2021 Numerator: Net income (loss): $ (21,154,443 ) $ (6,553,178 ) Denominator: Basic weighted average number of common shares outstanding: 28,448,615,941 17,386,377,288 Basic net income per share (0.00 ) (0.00 ) Diluted weighted average number of common shares outstanding: 28,448,615,941 17,386,377,288 Diluted net income (loss) per share: $ (0.00 ) $ (0.00 ) STOCK-BASED COMPENSATION Effective July 1, 2006, the Company adopted ASC 718-10-25 (previously SFAS 123R) and accordingly has adopted the modified prospective application method. Under this method, ASC 718-10-25 is applied to new awards and to awards modified, repurchased, or cancelled after the effective date. Additionally, compensation cost for the portion of awards that are outstanding as of the date of adoption for which the requisite service has not been rendered (such as unvested options) is recognized over a period of time as the remaining requisite services are rendered. FAIR VALUE OF FINANCIAL INSTRUMENTS Fair Value - Definition and Hierarchy Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Assets and liabilities measured at fair value are categorized based on whether or not the inputs are observable in the market and the degree that the inputs are observable. The categorization of financial assets and liabilities within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. A fair value hierarchy for inputs is used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs are to be used when available. Valuation techniques that are consistent with the market or income approach are used to measure fair value. The fair value hierarchy is categorized into three levels based on the inputs as follows: Level 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. The Company uses various approaches to measure fair value of available-for-sale securities, while applying the three-level valuation hierarchy for disclosures, specified in ASC 820. Our Level 1 securities were measured using the quoted prices in active markets for identical assets and liabilities. The company’s policy regarding the transfers in and/or out of Level 3 depends on the trading activity of the security, the volatility of the security, and other observable units which clearly represents the fair value of the security. If a level 3 security can be measured using a more fairly represented fair value, we will transfer these securities either into Level 1 or Level 2, depending on the type of inputs. REVENUE RECOGNITION 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. ADVERTISING The Company expenses advertising costs as incurred. Advertising costs for the years ended June 30, 2022 and 2021 were $ 8,700 and $ 0 , respectively. The Company incurred $ 8,700 advertising and investor relations expenses during the fiscal year ended June 30, 2022. COMPREHENSIVE INCOME (LOSS) ASC 220-10-45 (previously SFAS 130, Reporting Comprehensive Income) establishes standards for reporting and display of comprehensive income, its components and accumulated balances. Comprehensive income is defined to include all changes in equity, except those resulting from investments by owners and distributions to owners. Among other disclosures, SFAS No. 130 requires that all items that are required to be recognized under current accounting standards as components of comprehensive income be reported in a financial statement that is displayed with the same prominence as other financial statements. As of June 30, 2022 and 2021, respectively, accumulated other comprehensive income (loss) of $ (572,591) and $ $ 86,923 are presented on the accompanying consolidated balance sheets. INCOME TAXES The Company accounts for income taxes in accordance with ASC 740 (previously SFAS No. 109, “Accounting for Income Taxes”). Deferred taxes are provided on the liability method whereby deferred tax assets are recognized for deductible temporary differences, and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. REPORTING OF SEGMENTS ASC 280 (previously Statement of Financial Accounting Standards No. 131, Disclosures about Segments of an Enterprise and Related Information), which supersedes Statement of Financial Accounting Standards No. 14, Financial Reporting for Segments of a Business Enterprise, establishes standards for the way that public enterprises report information about operating segments in annual financial statements and requires reporting of selected information about operating segments in interim financial statements regarding products and services, geographic areas and major customers. ASC 280 defines operating segments as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance. The Company operated in one revenue-generating segment during the years ended June 30, 2022 and June 30, 2021. 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 In August 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2020-06-Debt-Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging-Contracts in Entity’s Own Equity (Subtopic 815-40)-Accounting For Convertible Instruments and Contracts in an Entity’s Own Equity. The ASU simplifies accounting for convertible instruments by removing major separation models required under current GAAP. Consequently, more convertible debt instruments will be reported as a single liability instrument with no separate accounting for embedded conversion features. The ASU removes certain settlement conditions that are required for equity contracts to qualify for the derivative scope exception, which will permit more equity contracts to qualify for it. The ASU also simplifies the diluted net income per share calculation in certain areas. The new guidance is effective for annual and interim periods beginning after December 15, 2021, and early adoption is permitted for fiscal years beginning after December 15, 2020. The Company intends to adopt ASU 2020-06 for the quarter beginning January 1, 2022. 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 rollforward 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.

OTHER CURRENT ASSETS

OTHER CURRENT ASSETS	12 Months Ended
	Jun. 30, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
OTHER CURRENT ASSETS	NOTE 3 OTHER CURRENT ASSETS The Company’s marketable securities are classified as available-for-sale and, as such, are carried at fair value. All of the securities are comprised of shares of common stock of the investee. Securities classified as available-for-sale may be sold in response to changes in interest rates, liquidity needs, and for other purposes. Each investment in marketable securities represents less than twenty percent (20%) of the outstanding common stock and stock equivalents of the investee, and each security is nationally quoted on the National Association of Securities Dealers OTC Bulletin Board (“OTCBB”) or the OTC Markets. As such, each investment is accounted for in accordance with the provisions of SFAS No. 115. Marketable securities owned by the Company and classified as available for sale as of June 30, 2022 consisted of 905,000 shares of Myson Group, Inc. (formerly Vanguard Mining Corporation) traded on the OTC Markets (Trading symbols MYSN). The fair value of the marketable securities recorded as of June 30, 2022 was $ 546 . During the fiscal year ended June 30, 2022, the Company transferred 292,050,000 shares of Sports Pouch Beverage Company to David Truong, Chief Executive Officer of Glink Global Group, Inc., for $ 25,000 pursuant to an agreement between PHILUX Capital Advisors, Inc. and Mr. David Truong whereby PHILUX Capital Advisors, Inc. would receive five million ( 5,000,000 ) shares of post 500-for-1 split stock of SPBV and ninety thousand dollars (USD $ 90,000 ) for services rendered in connection with a Business Combination Agreement between SPBV and an operating company. SCHEDULE OF FAIR VALUE OF INVESTMENTS MARKETABLE EQUITY SECURITIES Securities available for sale Level 1 Level 2 Level 3 Total June 30, 2022 - $ 546 $ - $ 546 June 30, 2021 $ - $ 5,792 $ 379,665 $ 385,457 During the fiscal year ended June 30, 2022, there was no transfer of securities from level 3 to level 2.

OTHER ASSETS

OTHER ASSETS	12 Months Ended
	Jun. 30, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
OTHER ASSETS	NOTE 4 OTHER ASSETS The Other Assets comprise of the following as of June 30, 2022 and 2021 SCHEDULE OF OTHER ASSETS 2022 2021 Investment in Asia Diamond Exchange Development 406,427 Investment in Philux Global Funds 31,161 35,568 Investment in AQuarius Power, Inc. 5,000 5,000 Total Other Assets $ 36,161 $ 446,995 Investments as of June 30, 2022 consist of a $ 5,000 investment in AQuarius Power, Inc., a renewable energy technology company, and $ 31,161 in the initial General Partner, Limited and Ordinary Shares of Philux Global Funds SCA, SICAV-RAIF based on the exchange rate as of June 30, 2022. As of June 30, 2022, a total of $ 1,018,651 that had been spent for the development of the Asia Diamond Exchanges was treated as expenses.

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	12 Months Ended
	Jun. 30, 2022
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	NOTE 5 PROPERTY AND EQUIPMENT As of June 30, 2022 the Company did not have any property or equipment.

CURRENT LIABILITIES

CURRENT LIABILITIES	12 Months Ended
	Jun. 30, 2022
Payables and Accruals [Abstract]
CURRENT LIABILITIES	NOTE 6 CURRENT LIABILITIES Current liabilities of the Company consist of the followings as of June 30, 2022 and 2021: SCHEDULE OF CURRENT LIABILITIES Current Liabilities 30-Jun-22 June 30 2021 Accounts payable 615,805 608,521 Sub-fund obligations 1,574,775 1,474,775 Accrued expenses 931,417 1,993,478 Short-term loans and notes payable 676,888 325,621 Convertible Promissory Notes 756,250 220,230 Due to officers 1,077,218 1,720,323 Advances from customers 665,434 582,237 Derivative liabilities and Note Discount 715,677 - Total Current Liabilities 7,013,465 6,925,185 ACCRUED EXPENSES: Accrued expenses as of June 30, 2022 consist of $ 673,842 in accrued salaries and payroll taxes and $ 257,575 in accrued interest from notes and loans. NOTES PAYABLE (NET): Notes payable consist of $ 676,888 in short-term notes and loans payable and $ 756,250 in convertible promissory notes. ADVANCES FROM CUSTOMERS Advances from Customers were $ 665,434 and $ 582,237 as of June 30, 2022 and June 30, 2021, respectively. SUB-FUND OBILGATIONS: As of June 30, 2022, the Company has received $ 800,000 from European Plastic Joint Stock Company towards the expenses for setting up the energy sub-fund, $ 518,409 from Saigon Pho Palace Joint Stock Company and $ 100,000 from Sinh Nguyen Co., Ltd. towards the expenses for setting up the real estate sub-fund, and $ 156,366.25 from TECCO Group towards the expenses for setting up the infrastructure sub-fund, respectively, under the master PHILUX Global Funds. The Company recorded these amounts as liabilities until these sub-funds are set up and capitalized, at which time the sub-fund participants will receive 49 % of the general partners’ portion of ownership in the relevant sub-funds for a total contribution of $ 2,000,000 each. The Company recorded a total of $ 1,574,775 as of June 30, 2022 and $ 1,474,775 as of June 30, 2021 as sub-fund obligations.

DUE TO OFFICERS AND DIRECTORS

DUE TO OFFICERS AND DIRECTORS	12 Months Ended
	Jun. 30, 2022
Due To Officers And Directors
DUE TO OFFICERS AND DIRECTORS	NOTE 7 DUE TO OFFICERS AND DIRECTORS 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 June 30, 2022 and 2021 , the balances were $ 1,077,218 and $ 1,720,323 , respectively. SCHEDULE OF COMPONENTS OF DUE TO OFFICERS AND DIRECTORS Officers/Directors June 30, 2022 June 30, 2021 Henry Fahman 413,868 1,056,973 Tam Bui 663,350 663,350 Total $ 1,077,218 $ 1,720,323

LOANS AND PROMISSORY NOTES

LOANS AND PROMISSORY NOTES	12 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
LOANS AND PROMISSORY NOTES	NOTE 8 LOANS AND PROMISSORY NOTES SHORT TERM NOTES PAYABLE: 341,421 in short-term notes payable consisting of $ 297,670 of regular short-term notes and $ 43,750 SBA loan, and $ 291,717 merchant cash advance including a total of $ 87,475 in deferred interest. These notes bear interest rates ranging from 0 % to 36 % per annum. CONVERTIBLE PROMISSORY NOTES: As of June 30, 2022, the principal balance of the outstanding convertible notes was $ 756,250 with total derivative liabilities of $ 715,677 . The Company relies on professional third-party valuation to record the value of derivative liabilities, discounts, and changes in fair value of derivatives in connection with these convertible notes and warrants, if any, that are related to the convertible notes.

PAYROLL TAX LIABILITIES

PAYROLL TAX LIABILITIES	12 Months Ended
	Jun. 30, 2022
Payroll Tax Liabilities
PAYROLL TAX LIABILITIES	NOTE 9 PAYROLL TAX LIABILITIES As of June 30, 2022, payroll tax liabilities were $ 5,747 .

BASIC AND DILUTED NET LOSS PER

BASIC AND DILUTED NET LOSS PER SHARE	12 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
BASIC AND DILUTED NET LOSS PER SHARE	NOTE 10 BASIC AND DILUTED NET LOSS PER SHARE Net loss per share is calculated in accordance with SFAS No. 128, “Earnings per Share”. Under the provision of SFAS No. 128, basic net loss per share is computed by dividing the net loss for the period by the weighted-average number of common shares outstanding for the period. Diluted EPS is based on the weighted-average number of shares of common stock outstanding for the period and common stock equivalents outstanding at the end of the period. Basic and diluted weighted average numbers of shares for the year ended June 30, 2022 were the same since the inclusion of Common stock equivalents is anti-dilutive.

DOMESTICATION IN THE STATE OF W

DOMESTICATION IN THE STATE OF WYOMING	12 Months Ended
	Jun. 30, 2022
Domestication In State Of Wyoming
DOMESTICATION IN THE STATE OF WYOMING	NOTE 11 DOMESTICATION IN THE STATE OF WYOMING On September 20, 2017, the Company applied for a Certificate of Domestication and filed Articles of Domestication with the office of the Secretary of State of Wyoming to re-domicile the Company’s jurisdiction to the State of Wyoming. On September 20, 2017, the Company filed Articles of Amendment with the Wyoming Secretary of State to amend the authorized capital of the Company as follows: “The total number of shares into which the authorized capital stock of the corporation is divided is one billion shares, consisting of: nine hundred million shares of voting Common Stock with a par value of $ 0.001 per share; fifty million shares of non-voting Class A Series I Preferred Stock with a par value of $ 5.00 per share; twenty-five million shares of non-voting Class A Series II Preferred Stock with a par value of $ 5.00 per share; twenty million shares of non-voting Class A Series III Preferred Stock with a par value of $ 5.00 per share and five million shares of voting Class A Series IV Preferred Stock with a par value of $ 5.00 per share. The relative rights, preferences, limitations and restrictions associated with the afore-mentioned shares of Class A Preferred Stock will be determined by the Board of Directors of the corporation.” On June 25, 2020, the Company filed Articles of Amendment with the Wyoming Secretary of State to amend Article 10 of the Articles of Domestication to authorize Forty Billion ( 40,000,000,000 ) shares of Common Stock with a par value of $ 0.001 per share and Five Hundred Million ( 500,000,000 ) shares of Preferred Stock with a par value of $ 0.001 per share and to designate Classes A and B and the Series of those classes of Preferred Stock as following: I. Class A Preferred Stock A. DESIGNATIONS, AMOUNTS AND DIVIDENDS 1. Class A Series I Cumulative Convertible Redeemable Preferred Stock a. Designation: Fifty million ( 50,000,000 ) shares of the authorized 500,000,000 shares of Preferred Stock, with a par value of $ 0.001 per share, are designated as 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 fifty million ( 50,000,000 ) 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. Two hundred million ( 200,000,000 ) shares of the authorized 500,000,000 shares of Preferred Stock, with a par value of $ 0.001 per share, are designated Class A Series II Cumulative Convertible Redeemable Preferred Stock (the “ Class A Series II Preferred Stock c. Number of Shares. The number of shares of Class A Series II Preferred Stock authorized shall be two hundred million ( 200,000,000 ) 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. Fifty million ( 50,000,000 ) shares of the authorized 500,000,000 shares of Preferred Stock, with a par value of $ 0.001 per share, are designated as 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. 4. Class A Series IV Cumulative Convertible Redeemable Preferred Stock a. Designation. One hundred ninety-nine million ( 199,000,000 ) shares of the authorized 500,000,000 shares of Preferred Stock, with a par value of $ 0.001 per share, are designated as Class A Series IV Cumulative Convertible Redeemable Preferred Stock (the “ Class A Series IV Preferred Stock b. Number of Shares. The number of shares of Class A Series III Preferred Stock authorized shall be one hundred ninety-nine million ( 199,000,000 ) shares. c. Dividends: To be determined by the Corporation’s Board of Directors. B. CONVERSION 1. Conversion of Series I, Series II and/or Series IV Class A Preferred Stock into Common Stock of PHI Group, Inc. Each share of the Class A Preferred Stock, either Series I, Series II or Series IV 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, Series II and/or Series IV 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, Series II and/or Series IV 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 Common Shares of PHI Group, Inc., Amount of CS or alternatively, of a subsidiary of PHI Group, Inc.’s. OIP + AUD 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. C. 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, Series III or Series IV 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. D. 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 E. 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 F. VOTING RIGHTS 1. G. 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. H. MISCELLANEOUS 1. Status of Redeemed Stock 2. Lost or Stolen Certificates 3 Waiver 4 Notices If to the Corporation: PHI GROUP, INC. 30 N Gould Street, Suite R Sheridan, WY 82801 Facsimile: 702-472-8556 Email: info phiglobal.com If to the holders of Class Preferred Stock, to the address to be listed in the Corporation’s books and Records. II. Class B Preferred Stock 1. Class B Series I Preferred Stock a. Designation: One million ( 1,000,000 ) shares of the authorized 500,000,000 shares of Preferred Stock, with a par value of $ 0.001 per share, are designated as Class B Series I Preferred Stock. b. Number of Shares: The number of shares of Class B Series I Preferred Stock authorized will be one million ( 1,000,000 ) 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 (100,000) votes.

DISSOLUTION OF NEVADA CORPORATI

DISSOLUTION OF NEVADA CORPORATION AND OPERATING AS A WYOMING CORPORATION	12 Months Ended
	Jun. 30, 2022
Dissolution Of Nevada Corporation And Operating As Wyoming Corporation
DISSOLUTION OF NEVADA CORPORATION AND OPERATING AS A WYOMING CORPORATION	NOTE 12. DISSOLUTION OF NEVADA CORPORATION AND OPERATING AS A WYOMING CORPORATION . On June 30, 2020, the Company filed a Certificate of Dissolution/Withdrawal with the Nevada Secretary of State to cease its corporate registration and dissolve PHI Group, Inc. in the State of Nevada. A Certificate of Dissolution/Withdrawal was issued by the Nevada Secretary of State on June 30, 2020, Filing number 20200754868. The Company currently maintains its corporate registration with the State of Wyoming pursuant to the Articles of Domestication filed with the Wyoming Secretary of State on September 20, 2017 and operates as a Wyoming corporation. The Company filed a Form 8-K to report this event with the Securities and Exchange Commission on June 30, 2020.

STOCKHOLDER_S EQUITY

STOCKHOLDER’S EQUITY	12 Months Ended
	Jun. 30, 2022
Equity [Abstract]
STOCKHOLDER’S EQUITY	NOTE 13. STOCKHOLDER’S EQUITY As of June 30, 2022, the total number of authorized capital stock of the Company consisted of Sixty Billion shares of voting Common Stock with a par value of $ 0.001 per share and Five Hundred Million shares of Preferred Stock with a par value of $ 0.001 per share. Treasury Stock The balance of treasury stock as of June 30, 2022 was 487,767 shares valued at $ 44,170 based on cost basis. Common Stock During the fiscal year ended June 30, 2022, the Company issued/cancelled the following shares of its Common Stock for cash, conversion of promissory notes, loan payments, salaries, warrants, and consulting services: SCHEDULE OF CONVERSIONS OF COMMON STOCK 7/1/21 Beginning balance Issuances/Cancellations 26,081,268,895 7/7/21 Cancel 784,249 shares from Luan Ngo -784,249 26,080,484,646 8/20/21 Henry Fahman 103,279,112 26,183,763,758 8/25/21 Henry Fahman 114,672,922 26,298,436,680 8/25/21 Tina Phan 45,347,928 26,343,784,608 9/27/21 Johnny Park 767,000,000 27,110,784,608 9/30/21 Henry Fahman 62,802,875 27,173,587,483 10/4/21 PHILUX Global Funds SCA, SICAV-RAIF -235,478,810 26,938,108,673 10/4/21 Whankuk Je 767,000,000 27,705,108,673 10/18/21 EMA Financial LLC 54,750,000 27,759,858,673 10/19/21 Henry Fahman 52,196,586 27,812,055,259 11/19/21 Whankuk Je 383,000,000 28,195,055,259 11/19/21 Johnny Park 383,000,000 28,578,055,259 12/8/21 EMA Financial LLC 94,949,495 28,673,004,754 12/28/21 Craig Mauk 30,000,000 28,703,004,754 12/29/21 Mast Hill Fund LP 71,493,624 28,774,498,378 1/25/22 Mast Hill Fund LP 57,883,838 28,832,382,216 1/27/22 Power Up Lending Group Ltd 36,173,913 28,868,556,129 2/10/22 Power Up Lending Group Ltd 15,909,091 28,884,465,220 2/10/22 Power Up Lending Group Ltd 9,500,000 28,893,965,220 2/25/22 Henry Fahman 30,000,000 28,923,965,220 2/25/22 Tina Phan 25,000,000 28,948,965,220 3/2/22 Mast Hill Fund LP 70,000,000 29,018,965,220 3/4/22 EMA Financial LLC 101,750,000 29,120,715,220 3/11/22 EMA Financial LLC 92,592,593 29,213,307,813 3/14/22 EMA Financial LLC 79,966,120 29,293,273,933 3/18/22 Mast Hill Fund LP 584,659,580 29,877,933,513 4/19/22 FirstFire Global Opportunities Fund 303,000,000 30,180,933,513 5/12/22 1800 Diagonal Lending LLC 92,857,143 30,273,790,656 6/7/22 Mast Hill Fund LP 500,000,000 30,773,790,656 6/16/22 Mast Hill Fund LP 645,589,633 31,419,380,289 6/7/22 Thai Kieu Trinh 10,000,000 31,429,380,289 BALANCE AS OF JUNE 30, 2022 31,429,380,289 As of June 30, 2022, there were 31,429,380,289 shares of the Company’s common stock issued and outstanding. Preferred Stock During the fiscal year ended June 30, 2022, the Company issued 420,000 2,259.60 As of June 30, 2022, there were 600,000 shares of Class B Series I Preferred Stock issued and outstanding.

STOCK-BASED COMPENSATION PLANS

STOCK-BASED COMPENSATION PLANS	12 Months Ended
	Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION PLANS	NOTE 14 STOCK-BASED COMPENSATION PLANS On February March 18, 2015, the Company adopted an Employee Benefit Plan to set aside 1,000,000 shares of common stock for eligible employees and independent contractors of the Company and its subsidiaries. As of June 30, 2022 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: SCHEDULE OF FAIR VALUE OF STOCK OPTION ASSUMPTIONS 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: SCHEDULE OF FAIR VALUE OF STOCK OPTION ISSUANCE DATE Holder Issue Date Maturity Stock Options Exercise Price Fair Value at 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

OTHER INCOME (EXPENSE)

OTHER INCOME (EXPENSE)	12 Months Ended
	Jun. 30, 2022
Other Income and Expenses [Abstract]
OTHER INCOME (EXPENSE)	NOTE 15 OTHER INCOME (EXPENSE) Net Other Income (Expense) for the fiscal year ended June 30, 2022 consists of the following: SCHEDULE OF OTHER INCOME (EXPENSE) OTHER INCOME (EXPENSES) FY ended June 30, 2022 Interest expense (1,592,557 ) Other income 1,118,195 Net other income/expense (3,780,153 ) NET OTHER INCOME (EXPENSES) (4,254,515 )

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Jun. 30, 2022
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 16 RELATED PARTY TRANSACTIONS The Company recognized a total of $ 360,000 in salaries for the President and Chief Executive Officer, the Chief Operating Officer and the Secretary and Treasurer of the Company during the year ended June 30, 2022. During the fiscal year ended June 30, 2022, the Company issued 420,000 2,259.60 As of June 30, 2022 the members of the Board of Directors and the Secretary and Treasurer of the Company owned a total of 600,000

INCOME TAXES

INCOME TAXES	12 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 17 INCOME TAXES No provision was made for income tax since the Company has significant net operating loss carry forward. Through June 30, 2022, the Company incurred net operating losses for tax purposes of approximately $ 71,717,973 . The net operating loss carry forward may be used to reduce taxable income through the year 2036. Net operating loss for carry forwards for the State of California is generally available to reduce taxable income through the year 2026. The availability of the Company’s net operating loss carry-forward is subject to limitation if there is a 50% or more positive change in the ownership of the Company’s stock. “Under section 6501(a) of the Internal Revenue Code (Tax Code) and section 301.6501(a)-1(a) of the Income Tax Regulations (Tax Regulations), the IRS is required to assess tax within 3 years after the tax return was filed with the IRS.”

CONTRACTS AND COMMITMENTS

CONTRACTS AND COMMITMENTS	12 Months Ended
	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
CONTRACTS AND COMMITMENTS	NOTE 18 CONTRACTS AND COMMITMENTS 1. TERMINATION OF BUSINESS COOPERATION AGREEMENT WITH 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. Though this transaction was technically closed on September 28, 2018, the Company did not recognize the operations of Vinafilms JSC in its consolidated financial statements as of June 30, 2022. On October 20, 2022, the Company, VNF and Ms. Do Thi Nghieu signed an agreement to terminate said Business Cooperation Agreement and Stock Swap Agreement. The termination of the referenced Business Cooperation Agreement, retroactively effective August 06, 2018, was due to the resultant impact of the Covid-19 pandemic and particular microeconomic conditions which made it infeasible for the Parties herein to continue the originally-planned Business Cooperation Agreement. 2. CONSULTING SERVICE AGREEMENT WITH GLINK APPS JSC On December 23, 2019, PHI Capital Holdings, Inc. a subsidiary of the Company, (name changed to PHILUX Capital Advisors, Inc. effective June 03, 2020) signed a Consulting Service Agreement to provide consulting service to Glink Apps JSC, a Wyoming corporation, and assist the latter to become a publicly traded company in the U.S. According to the agreement, Glink Apps JSC will pay PHI Capital Holdings, Inc. $ 88,500 in cash and five million ( 5,000,000 ) shares of its common stock of the newly combined public entity after a 1-for-500 reverse split for the consulting service to be rendered. 3. AGREEMENT WITH TECCO GROUP FOR PARTICIPATION IN PHILUX INFRASTRUCTURE FUND COMPARTMENT OF PHILUX GLOBAL FUNDS On August 10, 2020, Tecco Group, a Vietnamese company, signed an agreement with PHI Luxembourg Development SA, a subsidiary of the Company, to participate in the proposed infrastructure fund compartment of PHILUX Global Funds SCA, SICAV-RAIF. According to the agreement, Tecco Group will contribute $ 2,000,000 for 49 % ownership of the general partners’ portion of said infrastructure fund compartment. As of June 30, 2022, Tecco Group has paid a total of $ 156,366.25 towards the total agreed amount. 4. INVESTMENT AGREEMENTS AND MEMORANDUM OF UNDERSTANDING From August 24, 2020 to November 03, 22, the Company and its subsidiaries have entered into loan financing agreements, investment management agreements, joint venture agreement, and memorandum of understanding with six international investor groups for a total six billion three hundred million U.S. dollars, as reported in various 8-K filings with the Securities and Exchange Commission. The Company expects to begin receiving capital through these sources in the near future to support its merges and acquisitions and investment programs. 5. DEVELOPMENT OF THE MULTI-COMMODITIES CENTER, ASIA DIAMOND EXCHANGE AND LOGISTICS CENTER IN VIETNAM Along with the establishment of PHILUX Global Funds, since March 2018 the Company has worked closely with the Authority of Chu Lai Open Economic Zone and the Provincial Government of Quang Nam, Vietnam to develop the Asia Diamond Exchange. Quang Nam Provincial Government has agreed in principle to allocate more than 200 hectares in the sanctioned Free-Trade Zone near Chu Lai Airport, Nui Thanh District, Quang Nam Province in Central Vietnam for us to set up a multi-commodities center which would include the Asia Diamond Exchange. On June 04, 2021 the Company incorporated Asia Diamond Exchange, Inc., a Wyoming corporation, ID number 2021-001010234, as the holding company for the development of the Asia Diamond Exchange in Vietnam. In addition, another opportunity has arisen with the start of construction of the new international airport in Long Thanh District, Dong Nai Province near Ho Chi Minh City in Southern Vietnam. In December 2020, the Vietnamese central government designated approximately 2,600 hectares of land in Bau Can and Tan Hiep Villages, Long Thanh District, Dong Nai Province as a new industrial zone. The Company has submitted a request for additional land close to the new Long Thanh International Airport to develop the Long Thanh Multi-Commodities Logistics Center (LMLC) together with the Industrial Zone and is currently working with the Dong Nai Provincial People’s Committee and the relevant ministries of the Vietnamese central government on this project. 6. TERMINATION OF INVESTMENT AGREEMENT 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 reasonably practical. 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 had 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. On September 7, 2021 the Company terminated this Investment Agreement with Azure Capital effective retroactively January 11, 2021 and subsequently submitted a request to the Securities and Exchange Commission on January 14, 2022 to withdraw the Registration Statement on Form S-1 in connection with this offering. 7. AGREEMENT WITH CHOKY F. SIMANJUNTAK (CYFS Group) TO ESTABLISH CO2-1-0(CARBON) CORP In August 2021, PHI Group signed a Letter of Intent with Indonesia-based CYFS Group, headed by Mr. Choky Fernando Simanjuntak, to sponsor and co-found CO2-1-0 (CARBON) CORP to implement a new disruptive carbon mitigation initiative through environmentally sustainable projects starting in Indonesia, Vietnam, other ASEAN countries, and worldwide. On September 21, 2021 CO2-1-0 (CARBON) CORP was incorporated as a Wyoming corporation to manage this program. During the fiscal year ended June 30, 2022, PHI Group, Inc. contributed a major portion of the development budget for CO2-1-0 (CARBON) CORP) and hold 50.1% shares of CO2-1-0 (CARBON). On April 22, 2022, CO2-1-0 (CARBON) CORP launched the carbon emission mitigation program using blockchain and crypto technologies and listed its digital tokens on Digifinex Digital Assets Exchange ( www.digifinex.com 8. AGREEMENT WITH FIVE-GRAIN TREASURE SPIRITS CO., LTD. On January 18, 2022 PHI Group entered into an Agreement of Purchase and Sale with Five Grain Treasure Spirits Co., Ltd. (“FGTS) and the majority shareholders of FGTS (the “Majority Shareholders”) to acquire seventy percent ( 70 %) of ownership in FGTS for the total purchase price of one hundred million U.S. dollars, to be paid in three tranches. The Company has renegotiated with Five-Grain on terms to cooperate in producing American-made baijiu products through its subsidiary Empire Spirits, Inc. in California, USA. The details of the renegotiated transcation will be announced upon the official signing of a new agreement between the two parties. 9. SERVICES AGREEMENTS FOR DEVELOPMENT OF ADE TOKENS USING BLOCKCHAIN AND CRYPTO TECHNOLOGIES On September 21, 2021, the Company signed Services Agreements with Johnny Park (“JP”) and Whankuk Je (“WJ”), collectively (“the Consultants”), to form an “Asia Diamond Exchange Blockchain Task Force” to develop “ADE Tokens” in connection with the Asia Diamond Exchange to be established in Vietnam. The Consultants will be totally responsible for planning, organizing, designing, structuring, configuring, programming and implementing the necessary systems, architecture, and platform for launching a most optimum ADE Token possible in connection with the Asia Diamond Exchange using advanced crypto and blockchain technologies to finance the development and implementation of the Asia Diamond Exchange project. As of March 31, 2022, the Company has issued One Billion One Hundred Fifty Million ( 1,150,000,000 ) shares of Common Stock of PHI Group, Inc. to JP and One Billion One Hundred Fifty Million ( 1,150,000,000 ) shares of Common Stock of PHI Group, Inc. to WJ from the 2021 Employee Benefit Plan of PHI Group, Inc. as filed with the Securities and Exchange Commission on September 17, 2021. 10. FINANCING CONTRACT AGREEMENT WITH HAJ FINANCE GROUP Effective October 17, 2021 the Company signed a contract agreement with Haj Finance Group, a corporation registered in Oman, Hatat House Ground Floor, Ruwi, Muscat, Sultanate of Oman, for a financing program in the amount of $ 1,500,000,000 which carries an interest rate of 2.5 % per annum for thirty-five years with a three-year grace period. The closing of this transaction is to occur after the registration of a Special Purpose Vehicle (SPV) within United Arab Emirates, the signing of the closing documents and the approval of the transfer of funds by the Central Bank of United Arab Emirates (CBUAE). The Company intends to use the funds for the establishment of the Asia Diamond Exchange and the Multi-Commodities Center in Vietnam, for financing selective projects in the areas of real estate, renewable energy, healthcare, and for other investment opportunities in connection with PHILUX Global Funds SCA, SICA-RAIF, a group of Luxembourg bank funds sponsored by the Company. The Company has satisfied certain international legal and administrative requirements, set up a Special Purpose Vehicle in United Arab Emirates under the name of PHILUX DUBAI GLOBAL LLC FZCO, Formation No. DAFZA-FZCO-CF-1095, License No. DAFZA-FZC-CF-1095.22, and is in the process of completing the Hawala Global Certification process with the Central Bank of United Arab Emirates and the Anti-Graft Clearance Certificate by the Gulf Cooperation Council for the release of the financing proceeds. 11. BUSINESS COOPERATION AGREEMENT WITH DIGITAL SOLUTIONS COMPANY LTD. On November 1, 2021, the Company signed an Business Cooperation Agreement with Digital Solutions Company Limited, a Vietnamese company, to cooperate in developing technical solutions for a variety of industries, including real estate, energy, agriculture and healthcare using digital, blockchain and crypto technologies. Digital Solutions has assisted CO2-1-0 (CARBON) CORP, a subsidiary of PHI Group, Inc., to launch the new disruptive carbon mitigation initiative and will also support PHI Group with technological solutions for the Asia Diamond Exchange to be established in Vietnam, as well as jointly advance a number of special projects for the benefits of both companies. 12. LOAN AGREEMENT DEED WITH NEOK FINANCIAL INCORPORATED On November 14, 2021 the Company signed a Loan Agreement Deed with Neok Financial Incorporated, a corporation organized and existing under the laws of United Arab Emirates, with office address located at Trade Center Road, Bur Dubai, Dubai, United Arab Emirates, for a financing program in the amount of $ 2,000,000,000 which carries an rate of fixed interest of 2.00% per annum for the term of thirty-five ( 35 ) years. The closing of this transaction would be subject to the registration of a Special Purpose Vehicle (SPV) within United Arab Emirates, the signing of the closing documents and the approval of the transfer of funds by the appropriate oversight authorities. The Company intends to use the funds for the establishment of the Asia Diamond Exchange and the Multi-Commodities Center in Vietnam, for financing selective projects in the areas of real estate, infrastructure, renewable energy, healthcare, and for other investment opportunities in connection with PHILUX Global Funds SCA, SICA-RAIF, a group of Luxembourg bank funds sponsored by the Company. This event was reported to the Securities and Exchange Commission on Form 8-K filed on November 22, 2021. Due to the lack of meaningful progress with this transaction, the Company has unilaterally terminated this agreement as of the date of this report. 13. LOAN APPROVAL LETTER AND TERM SHEET WITH GEZA HOLDING AG On December 10, 2021, the registrant received a Loan Approval Letter from Geza Holding AG, a Swiss company located at Bleicherweg 18, 8002, Zurich, Switzerland for a USD 1.5 billion project financing loan program and on December 15, 2021 the registrant signed a Term Sheet with Geza Holding AG for the proposed financing. According to the Loan Approval Letter and the Term Sheet, the term of the loan will be fifteen years and the interest rate will be 3.5% per annum, with a one -year grace period. The Company intended to use the funds from this loan program for a variety of investment opportunities, including but not limited to the Asia Diamond Exchange, the Multi-Commodities Center, selective projects in the areas of real estate, infrastructure, renewable energy, healthcare, agriculture and special opportunities. The closing of this transaction would be subject to having met certain administrative and legal requirements, including operational due diligence, technical and financial due diligence and evaluation work, approval of management and board of directors, execution of a definitive agreement and the incorporation of a Special Purpose Company (SPV), which are customary and reasonable for a transaction of this type. This event was reported to the Securities and Exchange Commission on Form 8-K filed on December 20, 2021. Due to the protracted delays in the due diligence process, the Company has unilaterally terminated this transaction as of the date of this report. 14. INCORPORATION OF PHILUX GLOBAL ENERGY, INC. On January 3, 2022, the Company filed “Profit Corporation Articles of Incorporation” with the Wyoming Secretary of State to incorporate “PHILUX GLOBAL ENERGY, INC.” – Original ID: 2020-001066221, as a wholly-owned subsidiary of the Company to serve as the holding company for the contemplated acquisition of fifty-point one percent ( 50.10% ) ownership in both Kota Energy Group LLC and Kota Construction LLC, both of which are California limited liability companies. 15. Memorandum of Understanding/Loan Agreement between Al Aqel and Partners Investment LLC and PHI Group, Inc. On January 17, 2022, the registrant signed a Memorandum of Understanding/Loan Agreement with Al Aqel and Partners Investment LLC, an Oman company with address at Muscat Governorate Bousher 119 Alamarat, Muscat. P.O. BOX: 2393 Sultanate of Oman, for a project financing loan program of One Billion U.S. dollars. The term of the loan will be ten years and the interest rate will be 3.00% per annum, with a two -year grace period. The closing of this transaction is subject to having met certain administrative, legal and financial requirements, including a collateral for the loan to be secured by a surety bond of 1% of the total loan amount to deducted from the proceeds of the loan . This event was reported with the Securities and Exchange Commission on Form 8-K filed on January 31, 2022. 16. Loan Agreement between Arab League Investment Group and PHI Group, Inc. On January 17, 2022, the registrant signed a Loan Agreement with Arab League Investment Group, an Egyptian company with address at Arab League Tahrir Square, Downtown Business District, Cairo, Egypt, for acquisition financing loan program of Two Hundred Million U.S. dollars. The term of the loan will be fifteen years and the interest rate will be 2.5% per annum, with a three -year grace period. The closing of this transaction is subject to having met certain administrative, legal and financial requirements, including an acceptable and satisfactory collateral for the loan. This event was reported on Form 8-K as filed with the Securities and Exchange Commission on January 31, 2022. 17. AGREEMENT OF PURCHASE AND SALE WITH KOTA CONSTRUCTION LLC AND KOTA ENERGY GROUP LLC Effective January 26, 2022, PHI Group, Inc. signed Agreements of Purchase and Sale with KOTA Construction LLC and KOTA Energy Group LLC, both of which are California limited liability companies (collectively referred to as “KOTA”), to acquire 50.10% of Kota Energy Group LLC for $ 12,524,469 and 50.10% of Kota Construction LLC for $ 51,600,531 , totaling $ 64,125,000 , to be paid in cash. The closing date of these transactions shall be the date on which the closing actually occurs, which is expected to happen as soon as possible and no later than forty-five days from the effective day. KOTA, operating under two legal entities as Kota Energy Group LLC (‘KEG”) and Kota Construction LLC (“KCCO”) , provides solutions for solar energy to residential and commercial customers, with unique competitive advantages. As one of the fastest growing sales and installation engines in the country, KOTA prioritizes itself to have the best employee and customer experience possible, through its high standard of installation quality, its industry leading technology platforms, which enable increased sales volume, while maintaining fast, and transparent project timelines. It’s strategic partnerships with key players in the solar industry, have increased margins, while delivering top tier products to customers, without sacrificing quality. KOTA’s guiding core values of “Become, Create, Give” have been the driving factor in decision making that have led it to become the most highly sought-after solar company to work with in the solar industry. Website: KOTA Energy Group: https://www.kotasolar.com. In the second and latest amendment signed on August 3, 2022 to the Agreements of Purchase and Sale with KOTA, the concerned parties have agreed that PHI Group, Inc. would pay Fifteen Million Six Hundred Fifty-Five Thousand Two Hundred Forty-Eight U.S. Dollars ($ 15,655,248 ) to Kota Energy Group LLC (“KEG”), in exchange for fifty point one percent ( 50.10% ) of the equity ownership in KEG, and Sixty-Four Million Five Hundred Four Thousand Seven Hundred Fifty-Two U.S. Dollars ($ 64,504,752 ) to KCCO, in exchange for fifty point one percent ( 50.10% ) of the equity ownership in KCCO. 17. OFFERING STATEMENT ON FORM 1-A On February 9, 2022, the Company filed a Form 1-A with the Securities and Exchange Commission to offer up to 3,750,000,000 shares of its Common Stock, par value of $ 0.001 per share, under Tier 2 - Regulation A to raise up to $ 75,000,000 . The Company intends to use the proceeds from this offering to pay for acquisitions, business development and working capital. This Form 1-A was declared abandoned by the Staff of the Securities and Exchange Commission on January 6, 2023. 18. AGREEMENT WITH SIENNALYN GOLD MINING CORPORATION On February 22, 2022, the Company entered into a Business Cooperation Agreement with Siennalyn Gold Mining Corporation, a Philippine company with principal address at 19 Quezon Street, Del Rey Ville 1, Baesa, Quezon City, Philippines (“SGMC”), represented by Ms. Fe Melchora B. Alam, its Chairman, President and Chief Executive Officer, in order to cooperate with other to finance, develop, mine and process the mineral assets under the Mineral Production Sharing Agreement (MPSA) denominated as 076-97-IX granted by the Philippine Government through the Department of Environment and Natural Resources (DENR) – Mines and Geosciences Bureau (MGB) to Siennalyn Gold Mining Corporation, which covers 4,116 hectares contract area situated in the Municipalities of RT Lim, Ipil and Tinay of the Province of Zamboanga Sibugay, Republic of Philippines. PHI Group, Inc. agrees to provide assistance to SGMC in the execution of its business plan, including but not limited to corporate governance, financial, technical and other pertinent matters as needed and will assist SGMC in its future listing on an international stock exchange such as New York Stock Exchange or the Nasdaq Stock Markets. American Pacific Resources, Inc., a wholly-owned subsidiary of PHI Group, Inc. will be entitled to thirty percent ( 30% ) profit sharing in SGMC for a period of twenty-five years or based on the lifespan of the MPSA, upon the success of the financing arrangement mentioned herein. This Business Cooperation Agreement became effective upon signing and will terminate after a period of one year from the date of signing unless extended in writing by the Parties. 19. JOINT VENTURE AGREEMENT WITH DANANG RUBBER JSC AND TIN THANH GROUP In June 2022, the Company signed an joint venture agreement with Danang Rubber Joint Stock Company (DRC) (https://drctire.com/) and Tin Thanh Group (TTG) (https://tinthanhgroup.vn/en/) to cooperate in increasing DRC’s tire production and executing an innovative sales and marketing program targeting annual revenues of 5.5 billion dollars by 2025. The DRC-TTG truck tire leasing service program with complete multi-function and insurance package is designed to provide the following features and benefits to the consumers: 1. Smart tires with mounted chips to track and manage journey. 2. Saving of 10-20% compared to buying tires. 3. No cost to change tires. 4. No environmental fees when replacing old tires. 5. No need to pay for periodic tire maintenance checks. 6. No need to pay for buying tires when changing new tires. 7. No need to pay for tire insurance. 8. No increase in fuel or lubricant consumption compared to before using this service. 9. Tires use clean and renewable energy thus also benefiting the environment.

GOING CONCERN UNCERTAINTY

GOING CONCERN UNCERTAINTY	12 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GOING CONCERN UNCERTAINTY	NOTE 19 GOING CONCERN UNCERTAINTY As shown in the accompanying consolidated financial statements, the Company has accumulated deficit of $ 71,717,973 and total stockholders’ deficit of $ 6,543,502 as of June 30, 2022. These factors as well as the uncertain conditions that the Company faces in its day-to-day operations with respect to cash flows create an uncertainty as to the Company’s ability to continue as a going concern. The financial statements do not include any adjustments that might be necessary should the Company be unable to continue as a going concern. Management has taken action to strengthen the Company’s working capital position and generate sufficient cash to meet its operating needs through June 30, 2022 and beyond.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Jun. 30, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 20 SUBSEQUENT EVENTS These financial statements were approved by management and available for issuance on January 13, 2023. Subsequent events have been evaluated through this date. 1. JOINT VENTURE/PARTNERSHIP AGREEMENT (FUND MANAGEMENT MOU) BETWEEN AN INVESTOR IN THE GULF COOPERATION COUNCIL REGION AND PHILUX GLOBAL GROUP, INC. (A/K/A PHI GROUP, INC.) On July 08, 2022, the registrant signed a Joint Venture/Partnership Agreement (Fund Management MOU) with an investor in the Gulf Cooperation Council region to manage an initial amount of Three Billion United States Dollars (USD 3,000,000,000 ) for investment in different transactions chosen and advised by the registrant for a period of ten years. According to the Agreement, after the first twenty four months of investment implementation, the registrant will be allocated 40 % of the net profit from these investments. 2. ENTRY INTO AGREEMENT WITH TIN THANH GROUP Effective August 13, 2022, PHI Group, Inc. (a/k/a PHILUX GLOBAL GROUP INC.) (“the Registrant”) signed a Stock Transfer Agreement with Tin Thanh Group Joint Stock Company, a joint stock company organized and existing by virtue of the laws of Socialist Republic of Vietnam, with principal business address at 71 Pho Quang Street, Ward 2, Tan Binh District, Ho Chi Minh City, Vietnam, hereinafter referred to as “TTG” and Mr. Tran Dinh Quyen, the holder of at least fifty-one percent ( 51.00 %) of equity ownership in TTG (the “Majority Shareholder”), hereinafter referred to as “Seller,” to acquire Twenty-Two Million Thirty-Two Thousand ( 22,032,000 ) Shares of Ordinary Stock of TTG, which is equivalent to Fifty-One Percent ( 51.00 %) of all the issued and outstanding Ordinary Stock of TTG for a total purchase price of Sixty Million U.S. Dollars ($US 60,000,000 ) in cash. The closing date of this transaction shall be the date on which the closing actually occurs, which was expected to happen as soon as possible following the signing of the Stock Transfer Agreement, and was extended to January 31, 2023. This transaction may be extended further in writing by all Parties to said Agreement. 3. ENTRY INTO AGREEMENT WITH VAN PHAT DAT JOINT STOCK COMPANY Effective August 16, 2022, PHI Group, Inc. (a/k/a PHILUX GLOBAL GROUP INC.) (“the Registrant”) signed an Agreement of Purchase and Sale with Van Phat Dat Export Joint Stock Company, a joint stock company organized and existing by virtue of the laws of Socialist Republic of Vietnam, with principal business address at 316 Le Van Sy Street, Ward 1, Tan Binh District, Ho Chi Minh City, Vietnam, hereinafter referred to as “VPD,” and the holder of at least fifty-one percent ( 51.00 %) of equity ownership in VPD, hereinafter referred to as “Seller,” to acquire Five Million One Hundred Thousand ( 5,100,000 ) Shares of Ordinary Stock of VPD, which is equivalent to Fifty-One percent ( 51.00 %) of all the issued and outstanding Ordinary Stock of VPD for a total purchase price of Six Million One Hundred Twenty-Seven Thousand Eight Hundred Ninety-Five U.S. Dollars ($US 6,127,895 ) in form of a convertible promissory note to be issued by Philux Global Trade Inc., a Wyoming corporation and wholly-owned subsidiary of the Registrant. The closing date of this transaction shall be the date on which the closing actually occurs, which is expected to happen as soon as possible within sixty days following the signing of the Agreement of Purchase and Sale, unless extended in writing by the Parties to said Agreement. The convertible promissory note, which will be guaranteed by Philux Global Group Inc. and carries no interest, will be due and payable 180 days commencing the date of issuance and may be converted into common stock of Philux Global Trade Inc. any time after this subsidiary becomes a publicly traded company in the United States. The conversion price will be 50% of the average closing price during the ten trading-day period ending one trading day prior to the date of conversion. On September 30, 2022 PHI Group, Inc. entered into a Closing Memorandum for the Agreement of Purchase and Sale dated August 16, 2022 with and among Van Phat Dat Export Joint Stock Company and Mr. Huynh Ngoc Vu, an individual and the majority shareholder of VPD. 4. STRATEGIC BUSINESS COOPERATION WITH TIN THANH GROUP AND PETROVIETNAM MARINE SHIPYARD JSC On September 03, 2022, the Company signed a strategic business cooperation with Tin Thanh Group ( www.tinthanhgroup.vn/en/ Founded in 2007, PVMS has been providing (EPC) Engineering, Procurement, Fabrication, Construction and Commissioning for drilling units, floating facilities, modules and steel structures as well as up-grading, repair and maintenance services for MODU. Its onshore projects include steel fabrication, erection and commissioning for power plants, petrochemical plants, fertilizers plants, gas terminals and particularly onshore E-House, process module design, estimation & construction. 4. TERMINATION OF BUSINESS COOPERATION AGREEMENT WITH VINAFILMS JOINT STOCK COMPANY On October 20, 2022, Philux Global Group Inc. (f/k/a PHI Group, Inc.), 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, and Ms. Do Thi Nghieu, the majority shareholder of Vinafilms JSC, signed an agreement to terminate the Business Cooperation Agreement that was previously entered into by the parties hereto on August 06, 2018. The termination of the referenced Business Cooperation Agreement, retroactively effective August 06, 2018, is due to the resultant impact of the Covid-19 pandemic and particular microeconomic conditions which make it infeasible for the Parties herein to continue the originally-planned Business Cooperation Agreement. 5. FINANCIAL INVESTMENT MANAGEMENT AGREEMENT/CONTRACT BETWEEN AN INTERNATIONAL ULTRA-HIGH-NET-WORTH INVESTOR On November 03, 2022, the registrant (the” Investment Manager”), signed a Financial Management Agreement/Contract (the “Agreement”) with an international ultra-high-net-worth investor group (the “Investor Party”) to manage an investment amount (the “Investment Amount”) of One Billion United States Dollars (USD 1,000,000,000 ) on behalf of the Investor Party for investment in select transactions and projects to be selected, advised and managed by the Investment Manager for a period of ten years. According to the Agreement, the Investment Manager shall be entitled to 15 % of the Investment Amount for its own investment and benefits. In addition, the sharing of profits and dividends from the investment results of 80 % of the Investment Amount will be determined by the two parties in a subsequent agreement.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
PRINCIPLES OF CONSOLIDATION	PRINCIPLES OF CONSOLIDATION The consolidated financial statements include the accounts of (1) PHI Group, Inc., its subsidiaries including (2) PHILUX Global Funds SCA, SICAV-RAIF, a Luxembourg bank fund designed to hold a number of subfund compartments for investing in various selective industries, (3) PHI Luxembourg Development S.A., the mother holding company for PHILUX Global Funds, (4) PHI Luxembourg Holding S.A., (5) PHILUX Global General Partner S.A., (6) Asia Diamond Exchange, Inc., a Wyoming corporation ( 100 %), (7) PHILUX Capital Advisors, Inc., a Wyoming corporation ( 100 %), and (8) CO2-1-0 (CARBON) Corp., collectively referred to as the “Company.” The other subsidiaries of the Company were not active during the fiscal year ended June 30, 2022. All significant inter-company transactions have been eliminated in consolidation.
USE OF ESTIMATES	USE OF ESTIMATES The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
CASH AND CASH EQUIVALENTS	CASH AND CASH EQUIVALENTS The Company considers all liquid investments with a maturity of three months or less from the date of purchase that are readily convertible into cash to be cash equivalents.
MARKETABLE SECURITIES	MARKETABLE SECURITIES The Company’s securities are classified as available-for-sale and, as such, are carried at fair value. Securities classified as available-for-sale may be sold in response to changes in interest rates, liquidity needs, and for other purposes. Each investment in marketable securities typically represents less than twenty percent ( 20 %) of the outstanding common stock and stock equivalents of the investee, and each security is quoted on a national exchange or on the OTC Markets. As such, each investment is accounted for in accordance with the provisions of ASC 320 (previously SFAS No. 115). Unrealized holding gains and losses for available-for-sale securities are excluded from earnings and reported as a separate component of stockholder’s equity. Realized gains and losses for securities classified as available-for-sale are reported in earnings based upon the adjusted cost of the specific security sold. On June 30, 2022 and 2021 the marketable securities have been recorded at $ 546 and $ 385,457 , respectively, based upon the fair value of the marketable securities at that time.
ACCOUNTS RECEIVABLE	ACCOUNTS RECEIVABLE Management reviews the composition of accounts receivable and analyzes historical bad debts. There was no account receivable or bad debt during the fiscal ended June 30, 2022.
IMPAIRMENT OF LONG-LIVED ASSETS	IMPAIRMENT OF LONG-LIVED ASSETS Effective January 1, 2002, the Company adopted ASC 350 (Previously SFAS 144, “Accounting for the Impairment or Disposal of Long-Lived Assets”), which addresses financial accounting and reporting for the impairment or disposal of long-lived assets and supersedes SFAS No. 121, “Accounting for the Impairment of Long-Lived Assets and for Long-Lived Assets to be Disposed Of,” and the accounting and reporting provisions of APB Opinion No. 30, “Reporting the Results of Operations for a Disposal of a Segment of a Business.” The Company periodically evaluates the carrying value of long-lived assets to be held and used in accordance with ASC 350. ASC 350 requires impairment losses to be recorded on long-lived assets used in operations when indicators of impairment are present and the undiscounted cash flows estimated to be generated by those assets are less than the assets’ carrying amounts. In that event, a loss is recognized based on the amount by which the carrying amount exceeds the fair market value of the long-lived assets. Loss on long-lived assets to be disposed of is determined in a similar manner, except that fair market values are reduced for the cost of disposal.
PROPERTY AND EQUIPMENT	PROPERTY AND EQUIPMENT Property and equipment are stated at cost. Maintenance and repair costs are charged to expense as incurred; costs of major additions and betterments are capitalized. When property and equipment are sold or otherwise disposed of, the cost and related accumulated depreciation are eliminated from the accounts and any resulting gain or loss is reflected in income. Depreciation is computed using the straight-line method over the estimated useful lives of the assets, ranging from three to ten years.
DEPRECIATION AND AMORTIZATION	DEPRECIATION AND AMORTIZATION The cost of property and equipment is depreciated over the estimated useful lives of the related assets. Depreciation and amortization of fixed assets are computed on a straight-line basis.
NET EARNINGS (LOSS) PER SHARE	NET EARNINGS (LOSS) PER SHARE The Company adopted the provisions of ASC 260 (previously SFAS 128). ASC 260 eliminates the presentation of primary and fully diluted earnings per share (“EPS”) and requires presentation of basic and diluted EPS. Basic EPS is computed by dividing income (loss) available to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted EPS is based on the weighted-average number of shares of common stock outstanding for the period and common stock equivalents outstanding at the end of the period. The net earnings (loss) per share is computed as follows: SCHEDULE OF NET EARNINGS (LOSS) PER SHARE Basic and diluted loss per share: 2022 2021 Numerator: Net income (loss): $ (21,154,443 ) $ (6,553,178 ) Denominator: Basic weighted average number of common shares outstanding: 28,448,615,941 17,386,377,288 Basic net income per share (0.00 ) (0.00 ) Diluted weighted average number of common shares outstanding: 28,448,615,941 17,386,377,288 Diluted net income (loss) per share: $ (0.00 ) $ (0.00 )
STOCK-BASED COMPENSATION	STOCK-BASED COMPENSATION Effective July 1, 2006, the Company adopted ASC 718-10-25 (previously SFAS 123R) and accordingly has adopted the modified prospective application method. Under this method, ASC 718-10-25 is applied to new awards and to awards modified, repurchased, or cancelled after the effective date. Additionally, compensation cost for the portion of awards that are outstanding as of the date of adoption for which the requisite service has not been rendered (such as unvested options) is recognized over a period of time as the remaining requisite services are rendered.
FAIR VALUE OF FINANCIAL INSTRUMENTS	FAIR VALUE OF FINANCIAL INSTRUMENTS Fair Value - Definition and Hierarchy Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Assets and liabilities measured at fair value are categorized based on whether or not the inputs are observable in the market and the degree that the inputs are observable. The categorization of financial assets and liabilities within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. A fair value hierarchy for inputs is used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs are to be used when available. Valuation techniques that are consistent with the market or income approach are used to measure fair value. The fair value hierarchy is categorized into three levels based on the inputs as follows: Level 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. The Company uses various approaches to measure fair value of available-for-sale securities, while applying the three-level valuation hierarchy for disclosures, specified in ASC 820. Our Level 1 securities were measured using the quoted prices in active markets for identical assets and liabilities. The company’s policy regarding the transfers in and/or out of Level 3 depends on the trading activity of the security, the volatility of the security, and other observable units which clearly represents the fair value of the security. If a level 3 security can be measured using a more fairly represented fair value, we will transfer these securities either into Level 1 or Level 2, depending on the type of inputs.
REVENUE RECOGNITION 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.
ADVERTISING	ADVERTISING The Company expenses advertising costs as incurred. Advertising costs for the years ended June 30, 2022 and 2021 were $ 8,700 and $ 0 , respectively. The Company incurred $ 8,700 advertising and investor relations expenses during the fiscal year ended June 30, 2022.
COMPREHENSIVE INCOME (LOSS)	COMPREHENSIVE INCOME (LOSS) ASC 220-10-45 (previously SFAS 130, Reporting Comprehensive Income) establishes standards for reporting and display of comprehensive income, its components and accumulated balances. Comprehensive income is defined to include all changes in equity, except those resulting from investments by owners and distributions to owners. Among other disclosures, SFAS No. 130 requires that all items that are required to be recognized under current accounting standards as components of comprehensive income be reported in a financial statement that is displayed with the same prominence as other financial statements. As of June 30, 2022 and 2021, respectively, accumulated other comprehensive income (loss) of $ (572,591) and $ $ 86,923 are presented on the accompanying consolidated balance sheets.
INCOME TAXES	INCOME TAXES The Company accounts for income taxes in accordance with ASC 740 (previously SFAS No. 109, “Accounting for Income Taxes”). Deferred taxes are provided on the liability method whereby deferred tax assets are recognized for deductible temporary differences, and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.
REPORTING OF SEGMENTS	REPORTING OF SEGMENTS ASC 280 (previously Statement of Financial Accounting Standards No. 131, Disclosures about Segments of an Enterprise and Related Information), which supersedes Statement of Financial Accounting Standards No. 14, Financial Reporting for Segments of a Business Enterprise, establishes standards for the way that public enterprises report information about operating segments in annual financial statements and requires reporting of selected information about operating segments in interim financial statements regarding products and services, geographic areas and major customers. ASC 280 defines operating segments as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance. The Company operated in one revenue-generating segment during the years ended June 30, 2022 and June 30, 2021.
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 In August 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2020-06-Debt-Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging-Contracts in Entity’s Own Equity (Subtopic 815-40)-Accounting For Convertible Instruments and Contracts in an Entity’s Own Equity. The ASU simplifies accounting for convertible instruments by removing major separation models required under current GAAP. Consequently, more convertible debt instruments will be reported as a single liability instrument with no separate accounting for embedded conversion features. The ASU removes certain settlement conditions that are required for equity contracts to qualify for the derivative scope exception, which will permit more equity contracts to qualify for it. The ASU also simplifies the diluted net income per share calculation in certain areas. The new guidance is effective for annual and interim periods beginning after December 15, 2021, and early adoption is permitted for fiscal years beginning after December 15, 2020. The Company intends to adopt ASU 2020-06 for the quarter beginning January 1, 2022. 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 rollforward 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.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
SCHEDULE OF NET EARNINGS (LOSS) PER SHARE	The net earnings (loss) per share is computed as follows: SCHEDULE OF NET EARNINGS (LOSS) PER SHARE Basic and diluted loss per share: 2022 2021 Numerator: Net income (loss): $ (21,154,443 ) $ (6,553,178 ) Denominator: Basic weighted average number of common shares outstanding: 28,448,615,941 17,386,377,288 Basic net income per share (0.00 ) (0.00 ) Diluted weighted average number of common shares outstanding: 28,448,615,941 17,386,377,288 Diluted net income (loss) per share: $ (0.00 ) $ (0.00 )

OTHER CURRENT ASSETS (Tables)

OTHER CURRENT ASSETS (Tables)	12 Months Ended
	Jun. 30, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
SCHEDULE OF FAIR VALUE OF INVESTMENTS MARKETABLE EQUITY SECURITIES	SCHEDULE OF FAIR VALUE OF INVESTMENTS MARKETABLE EQUITY SECURITIES Securities available for sale Level 1 Level 2 Level 3 Total June 30, 2022 - $ 546 $ - $ 546 June 30, 2021 $ - $ 5,792 $ 379,665 $ 385,457

OTHER ASSETS (Tables)

OTHER ASSETS (Tables)	12 Months Ended
	Jun. 30, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
SCHEDULE OF OTHER ASSETS	The Other Assets comprise of the following as of June 30, 2022 and 2021 SCHEDULE OF OTHER ASSETS 2022 2021 Investment in Asia Diamond Exchange Development 406,427 Investment in Philux Global Funds 31,161 35,568 Investment in AQuarius Power, Inc. 5,000 5,000 Total Other Assets $ 36,161 $ 446,995

CURRENT LIABILITIES (Tables)

CURRENT LIABILITIES (Tables)	12 Months Ended
	Jun. 30, 2022
Payables and Accruals [Abstract]
SCHEDULE OF CURRENT LIABILITIES	Current liabilities of the Company consist of the followings as of June 30, 2022 and 2021: SCHEDULE OF CURRENT LIABILITIES Current Liabilities 30-Jun-22 June 30 2021 Accounts payable 615,805 608,521 Sub-fund obligations 1,574,775 1,474,775 Accrued expenses 931,417 1,993,478 Short-term loans and notes payable 676,888 325,621 Convertible Promissory Notes 756,250 220,230 Due to officers 1,077,218 1,720,323 Advances from customers 665,434 582,237 Derivative liabilities and Note Discount 715,677 - Total Current Liabilities 7,013,465 6,925,185

DUE TO OFFICERS AND DIRECTORS (

DUE TO OFFICERS AND DIRECTORS (Tables)	12 Months Ended
	Jun. 30, 2022
Due To Officers And Directors
SCHEDULE OF COMPONENTS OF DUE TO OFFICERS AND DIRECTORS	SCHEDULE OF COMPONENTS OF DUE TO OFFICERS AND DIRECTORS Officers/Directors June 30, 2022 June 30, 2021 Henry Fahman 413,868 1,056,973 Tam Bui 663,350 663,350 Total $ 1,077,218 $ 1,720,323

STOCKHOLDER_S EQUITY (Tables)

STOCKHOLDER’S EQUITY (Tables)	12 Months Ended
	Jun. 30, 2022
Equity [Abstract]
SCHEDULE OF CONVERSIONS OF COMMON STOCK	During the fiscal year ended June 30, 2022, the Company issued/cancelled the following shares of its Common Stock for cash, conversion of promissory notes, loan payments, salaries, warrants, and consulting services: SCHEDULE OF CONVERSIONS OF COMMON STOCK 7/1/21 Beginning balance Issuances/Cancellations 26,081,268,895 7/7/21 Cancel 784,249 shares from Luan Ngo -784,249 26,080,484,646 8/20/21 Henry Fahman 103,279,112 26,183,763,758 8/25/21 Henry Fahman 114,672,922 26,298,436,680 8/25/21 Tina Phan 45,347,928 26,343,784,608 9/27/21 Johnny Park 767,000,000 27,110,784,608 9/30/21 Henry Fahman 62,802,875 27,173,587,483 10/4/21 PHILUX Global Funds SCA, SICAV-RAIF -235,478,810 26,938,108,673 10/4/21 Whankuk Je 767,000,000 27,705,108,673 10/18/21 EMA Financial LLC 54,750,000 27,759,858,673 10/19/21 Henry Fahman 52,196,586 27,812,055,259 11/19/21 Whankuk Je 383,000,000 28,195,055,259 11/19/21 Johnny Park 383,000,000 28,578,055,259 12/8/21 EMA Financial LLC 94,949,495 28,673,004,754 12/28/21 Craig Mauk 30,000,000 28,703,004,754 12/29/21 Mast Hill Fund LP 71,493,624 28,774,498,378 1/25/22 Mast Hill Fund LP 57,883,838 28,832,382,216 1/27/22 Power Up Lending Group Ltd 36,173,913 28,868,556,129 2/10/22 Power Up Lending Group Ltd 15,909,091 28,884,465,220 2/10/22 Power Up Lending Group Ltd 9,500,000 28,893,965,220 2/25/22 Henry Fahman 30,000,000 28,923,965,220 2/25/22 Tina Phan 25,000,000 28,948,965,220 3/2/22 Mast Hill Fund LP 70,000,000 29,018,965,220 3/4/22 EMA Financial LLC 101,750,000 29,120,715,220 3/11/22 EMA Financial LLC 92,592,593 29,213,307,813 3/14/22 EMA Financial LLC 79,966,120 29,293,273,933 3/18/22 Mast Hill Fund LP 584,659,580 29,877,933,513 4/19/22 FirstFire Global Opportunities Fund 303,000,000 30,180,933,513 5/12/22 1800 Diagonal Lending LLC 92,857,143 30,273,790,656 6/7/22 Mast Hill Fund LP 500,000,000 30,773,790,656 6/16/22 Mast Hill Fund LP 645,589,633 31,419,380,289 6/7/22 Thai Kieu Trinh 10,000,000 31,429,380,289 BALANCE AS OF JUNE 30, 2022 31,429,380,289

STOCK-BASED COMPENSATION PLANS

STOCK-BASED COMPENSATION PLANS (Tables)	12 Months Ended
	Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
SCHEDULE OF FAIR VALUE OF STOCK OPTION ASSUMPTIONS	SCHEDULE OF FAIR VALUE OF STOCK OPTION ASSUMPTIONS 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: SCHEDULE OF FAIR VALUE OF STOCK OPTION ISSUANCE DATE Holder Issue Date Maturity Stock Options Exercise Price Fair Value at 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

OTHER INCOME (EXPENSE) (Tables)

OTHER INCOME (EXPENSE) (Tables)	12 Months Ended
	Jun. 30, 2022
Other Income and Expenses [Abstract]
SCHEDULE OF OTHER INCOME (EXPENSE)	Net Other Income (Expense) for the fiscal year ended June 30, 2022 consists of the following: SCHEDULE OF OTHER INCOME (EXPENSE) OTHER INCOME (EXPENSES) FY ended June 30, 2022 Interest expense (1,592,557 ) Other income 1,118,195 Net other income/expense (3,780,153 ) NET OTHER INCOME (EXPENSES) (4,254,515 )

SCHEDULE OF NET EARNINGS (LOSS)

SCHEDULE OF NET EARNINGS (LOSS) PER SHARE (Details) - USD ($)	3 Months Ended		12 Months Ended
	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Accounting Policies [Abstract]
Net income (loss):	$ (10,591,638)	$ (5,960,170)	$ (21,154,443)	$ (6,553,178)
Basic weighted average number of common shares outstanding:			28,448,615,941	17,386,377,288
Basic net income per share			$ 0	$ 0
Diluted weighted average number of common shares outstanding:			28,448,615,941	17,386,377,288
Diluted net income (loss) per share:			$ 0	$ 0

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Marketable Securities, Current	$ 546	$ 385,457
Advertising Expense	8,700	0
Advertising and investor expense	8,700
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ (572,591)	$ 86,923
Common Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Percentage of Outstanding Stock Maximum	20%
Asia Diamond Exchange, Inc. [Member]
Equity Method Investment, Ownership Percentage	100%
PHI Luxembourg Holding SA [Member]
Equity Method Investment, Ownership Percentage	100%

SCHEDULE OF FAIR VALUE OF INVES

SCHEDULE OF FAIR VALUE OF INVESTMENTS MARKETABLE EQUITY SECURITIES (Details) - USD ($)	Jun. 30, 2022	Jun. 30, 2021
Defined Benefit Plan Disclosure [Line Items]
Marketable securities	$ 546	$ 385,457
Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Marketable securities
Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Marketable securities	546	5,792
Fair Value, Inputs, Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Marketable securities		$ 379,665

SCHEDULE OF OTHER ASSETS (Detai

SCHEDULE OF OTHER ASSETS (Details) - USD ($)	Jun. 30, 2022	Jun. 30, 2021
Total Other Assets	$ 36,161	$ 446,995
Asia Diamond Exchange Development [Member]
Total Other Assets		406,427
PHILUX Global Funds [Member]
Total Other Assets	31,161	35,568
AQuarius Power, Inc [Member]
Total Other Assets	$ 5,000	$ 5,000

OTHER CURRENT ASSETS (Details N

OTHER CURRENT ASSETS (Details Narrative) - USD ($)	3 Months Ended			12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Defined Benefit Plan Disclosure [Line Items]
Marketable Securities, Current	$ 546			$ 546	$ 385,457
Stock Issued During Period, Shares, New Issues					26,081,268,895
Stock Issued During Period, Value, New Issues	$ 5,000
Stock Issued During Period, Value, Issued for Services		$ 9,734,200	$ 4,908,800
Consulting Service Agreement [Member]
Defined Benefit Plan Disclosure [Line Items]
Stock Issued During Period, Shares, Issued for Services				5,000,000
Stock Issued During Period, Value, Issued for Services				$ 90,000
Myson Group Inc [Member]
Defined Benefit Plan Disclosure [Line Items]
Number of marketable securities available for sale	905,000			905,000
Sports Pouch Beverage Co [Member]
Defined Benefit Plan Disclosure [Line Items]
Stock Issued During Period, Shares, New Issues				292,050,000
Glimk Global Group Inc [Member]
Defined Benefit Plan Disclosure [Line Items]
Stock Issued During Period, Value, New Issues				$ 25,000

OTHER ASSETS (Details Narrative

OTHER ASSETS (Details Narrative)	12 Months Ended
	Jun. 30, 2022 USD ($)
AQuarius Power, Inc [Member]
Investments	$ 5,000
PHILUX Global Funds [Member]
Stock Issued	31,161
Asia Diamond Exchange Development [Member]
Investments	$ 1,018,651

SCHEDULE OF CURRENT LIABILITIES

SCHEDULE OF CURRENT LIABILITIES (Details) - USD ($)	Jun. 30, 2022	Jun. 30, 2021
Payables and Accruals [Abstract]
Accounts payable	$ 615,805	$ 608,521
Sub-fund obligations	1,574,775	1,474,775
Accrued expenses	931,417	1,993,478
Short-term loans and notes payable	676,888	325,621
Convertible Promissory Notes	756,250	220,230
Due to officers	1,077,218	1,720,323
Advances from customers	665,434	582,237
Derivative liabilities and Note Discount	715,677
Total Current Liabilities	$ 7,013,465	$ 6,925,185

CURRENT LIABILITIES (Details Na

CURRENT LIABILITIES (Details Narrative) - USD ($)	Jun. 30, 2022	Jun. 30, 2021
Short-Term Debt [Line Items]
Accrued Salaries, Current	$ 673,842
Interest Payable, Current	257,575
Short-Term Debt	676,888	$ 325,621
Convertible Notes Payable, Current	756,250	220,230
Contract with Customer, Liability, Current	665,434	582,237
Settlement Liabilities, Current	$ 1,574,775	$ 1,474,775
Ownership percentage of sub-fund participants	49%
European Plastic Joint Stock Company [Member]
Short-Term Debt [Line Items]
Settlement Liabilities, Current	$ 800,000
Contribution for ownership percentage	2,000,000
Saigon Pho Palace Joint Stock Company [Member]
Short-Term Debt [Line Items]
Settlement Liabilities, Current	518,409
Sinh Nguyen Co Ltd [Member]
Short-Term Debt [Line Items]
Settlement Liabilities, Current	100,000
Tecco Group [Member]
Short-Term Debt [Line Items]
Real estate sub-fund	156,366.25
Convertible Promissory Notes [Member]
Short-Term Debt [Line Items]
Short-Term Debt	676,888
Convertible Notes Payable, Current	$ 756,250

SCHEDULE OF COMPONENTS OF DUE T

SCHEDULE OF COMPONENTS OF DUE TO OFFICERS AND DIRECTORS (Details) - USD ($)	Jun. 30, 2022	Jun. 30, 2021
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Total	$ 1,077,218	$ 1,720,323
Henry Fahman [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Total	413,868	1,056,973
Tam Bui [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Total	$ 663,350	$ 663,350

DUE TO OFFICERS AND DIRECTORS_2

DUE TO OFFICERS AND DIRECTORS (Details Narrative) - USD ($)	Jun. 30, 2022	Jun. 30, 2021
Due To Officers And Directors
Due to Officers or Stockholders, Current	$ 1,077,218	$ 1,720,323

LOANS AND PROMISSORY NOTES (Det

LOANS AND PROMISSORY NOTES (Details Narrative) - USD ($)	Jun. 30, 2022	Jun. 30, 2021
Short-Term Debt [Line Items]
Interest Payable, Current	$ 257,575
Convertible Notes Payable, Current	756,250	$ 220,230
Derivative Liability, Current	$ 715,677
Minimum [Member]
Short-Term Debt [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	0%
Maximum [Member]
Short-Term Debt [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	36%
Short-term Notes Payable [Member]
Short-Term Debt [Line Items]
Notes Payable, Current	$ 341,421
Regular Short-Term Notes [Member]
Short-Term Debt [Line Items]
Notes Payable, Current	297,670
SBA Loan [Member]
Short-Term Debt [Line Items]
Notes Payable, Current	43,750
Merchant Cash [Member]
Short-Term Debt [Line Items]
Notes Payable, Current	291,717
Regular Short-term Notes Payable [Member]
Short-Term Debt [Line Items]
Interest Payable, Current	87,475
Convertible Promissory Notes [Member]
Short-Term Debt [Line Items]
Convertible Notes Payable, Current	756,250
Derivative Liability, Current	$ 715,677

PAYROLL TAX LIABILITIES (Detail

PAYROLL TAX LIABILITIES (Details Narrative)	Jun. 30, 2022 USD ($)
Payroll Tax Liabilities
Accrued Payroll Taxes	$ 5,747

DOMESTICATION IN THE STATE OF_2

DOMESTICATION IN THE STATE OF WYOMING (Details Narrative)	12 Months Ended
	Jun. 30, 2022 $ / shares shares	Jun. 30, 2021 $ / shares shares	Jun. 25, 2020 $ / shares shares	Sep. 20, 2017 $ / shares shares
Common Stock, Shares Authorized	60,000,000,000	40,000,000,000	40,000,000,000
Common Stock, Par or Stated Value Per Share | $ / shares	$ 0.001	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	500,000,000	500,000,000	500,000,000
Preferred Stock, Par or Stated Value Per Share | $ / shares	$ 0.001	$ 0.001	$ 0.001
Conversion of Stock, Description	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”).
Class B Series I Preferred Stock [Member]
Preferred Stock, Par or Stated Value Per Share | $ / shares	$ 0.001
Preferred Stock, Voting Rights	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 (100,000) votes.
Board of Directors [Member]
Purchase price percentage	120%
Subsidiary PHI Group Inc [Member]
Conversion of Stock, Description	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”).
American Pacific Plastics, Inc [Member]
Convertible Preferred Stock, Shares Issued upon Conversion	50,000,000
Preferred Stock, Convertible, Conversion Ratio	80
Voting Common Stock [Member]
Common Stock, Shares Authorized				900,000,000
Common Stock, Par or Stated Value Per Share | $ / shares				$ 0.001
Non-voting Class A Series I Preferred Stock [Member]
Preferred Stock, Shares Authorized				50,000,000
Preferred Stock, Par or Stated Value Per Share | $ / shares				$ 5
Non-voting Class A Series II Preferred Stock [Member]
Preferred Stock, Shares Authorized				25,000,000
Preferred Stock, Par or Stated Value Per Share | $ / shares				$ 5
Non-voting Class A Series III Preferred Stock [Member]
Preferred Stock, Shares Authorized				20,000,000
Preferred Stock, Par or Stated Value Per Share | $ / shares				$ 5
Voting Class A Series IV Preferred Stock [Member]
Preferred Stock, Shares Authorized				5,000,000
Preferred Stock, Par or Stated Value Per Share | $ / shares				$ 5
Class A Series I Cumulative Convertible Redeemable Preferred Stock [Member]
Preferred Stock, Shares Authorized	50,000,000
Preferred Stock, Par or Stated Value Per Share | $ / shares	$ 0.001
Preferred Stock, Dividend Rate, Percentage	10%
Class A Series II Cumulative Convertible Redeemable Preferred Stock [Member]
Preferred Stock, Shares Authorized	200,000,000
Preferred Stock, Par or Stated Value Per Share | $ / shares	$ 0.001
Preferred Stock, Dividend Rate, Percentage	8%
Class A Series III Cumulative, Convertible, Redeemable Preferred Stock [Member]
Preferred Stock, Shares Authorized	50,000,000
Preferred Stock, Par or Stated Value Per Share | $ / shares	$ 0.001
Preferred Stock, Dividend Rate, Percentage	8%
Class A Series IV Cumulative Convertible Redeemable Preferred Stock [Member]
Preferred Stock, Shares Authorized	199,000,000
Preferred Stock, Par or Stated Value Per Share | $ / shares	$ 0.001
Preferred Stock [Member] | Class B Series I Preferred Stock [Member]
Preferred Stock, Shares Authorized	1,000,000

SCHEDULE OF CONVERSIONS OF COMM

SCHEDULE OF CONVERSIONS OF COMMON STOCK (Details) - shares	3 Months Ended		12 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2022	Jun. 30, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares Issuances/ Outstanding				26,081,268,895
Number of shares Issuances/ Cancellations			784,249
Common Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares Issuances/ Outstanding	10,000,000	55,000,000	31,429,380,289
Common Stock Issuances Cancellations Date One [Member] | Common Stock [Member] | Cancel Shares From Luan Ngo [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares Issuances/ Outstanding			26,080,484,646
Number of shares Issuances/ Cancellations			(784,249)
Common Stock Issuances Cancellations Date Two [Member] | Common Stock [Member] | Henry Fahman [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares Issuances/ Outstanding			26,183,763,758
Number of shares Issuances/ Cancellations			103,279,112
Common Stock Issuances Cancellations Date Three [Member] | Common Stock [Member] | Henry Fahman [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares Issuances/ Outstanding			26,298,436,680
Number of shares Issuances/ Cancellations			114,672,922
Common Stock Issuances Cancellations Date Four [Member] | Common Stock [Member] | Tina Phan [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares Issuances/ Outstanding			26,343,784,608
Number of shares Issuances/ Cancellations			45,347,928
Common Stock Issuances Cancellations Date Five [Member] | Common Stock [Member] | Johnny Park [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares Issuances/ Outstanding			27,110,784,608
Number of shares Issuances/ Cancellations			767,000,000
Common Stock Issuances Cancellations Date Six [Member] | Common Stock [Member] | Henry Fahman [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares Issuances/ Outstanding			27,173,587,483
Number of shares Issuances/ Cancellations			62,802,875
Common Stock Issuances Cancellations Date Seven [Member] | Common Stock [Member] | Philux Global Funds SCASICARAIF [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares Issuances/ Outstanding			26,938,108,673
Number of shares Issuances/ Cancellations			(235,478,810)
Common Stock Issuances Cancellations Date Eight [Member] | Common Stock [Member] | Whankuk Je [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares Issuances/ Outstanding			27,705,108,673
Number of shares Issuances/ Cancellations			767,000,000
Common Stock Issuances Cancellations Date Nine [Member] | Common Stock [Member] | EMA FinancialLLC [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares Issuances/ Outstanding			27,759,858,673
Number of shares Issuances/ Cancellations			54,750,000
Common Stock Issuances Cancellations Date Ten [Member] | Common Stock [Member] | Henry Fahman [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares Issuances/ Outstanding			27,812,055,259
Number of shares Issuances/ Cancellations			52,196,586
Common Stock Issuances Cancellations Date Eleven [Member] | Common Stock [Member] | Whankuk Je [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares Issuances/ Outstanding			28,195,055,259
Number of shares Issuances/ Cancellations			383,000,000
Common Stock Issuances Cancellations Date Twelve [Member] | Common Stock [Member] | Johnny Park [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares Issuances/ Outstanding			28,578,055,259
Number of shares Issuances/ Cancellations			383,000,000
Common Stock Issuances Cancellations Date Thirteen [Member] | Common Stock [Member] | EMA FinancialLLC [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares Issuances/ Outstanding			28,673,004,754
Number of shares Issuances/ Cancellations			94,949,495
Common Stock Issuances Cancellations Date Fourteen [Member] | Common Stock [Member] | Craig Mauk [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares Issuances/ Outstanding			28,703,004,754
Number of shares Issuances/ Cancellations			30,000,000
Common Stock Issuances Cancellations Date Fifteen [Member] | Common Stock [Member] | Mast Hill Fund LP [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares Issuances/ Outstanding			28,774,498,378
Number of shares Issuances/ Cancellations			71,493,624
Common Stock Issuances Cancellations Date Sixteen [Member] | Common Stock [Member] | Mast Hill Fund LP [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares Issuances/ Outstanding			28,832,382,216
Number of shares Issuances/ Cancellations			57,883,838
Common Stock Issuances Cancellations Date Seventeen [Member] | Common Stock [Member] | Poer Up Lending Group LTD [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares Issuances/ Outstanding			28,868,556,129
Number of shares Issuances/ Cancellations			36,173,913
Common Stock Issuances Cancellations Date Eighteen [Member] | Common Stock [Member] | Poer Up Lending Group LTD [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares Issuances/ Outstanding			28,884,465,220
Number of shares Issuances/ Cancellations			15,909,091
Common Stock Issuances Cancellations Date Nineteen [Member] | Common Stock [Member] | Poer Up Lending Group LTD [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares Issuances/ Outstanding			28,893,965,220
Number of shares Issuances/ Cancellations			9,500,000
Common Stock Issuances Cancellations Date Twenty [Member] | Common Stock [Member] | Henry Fahman [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares Issuances/ Outstanding			28,923,965,220
Number of shares Issuances/ Cancellations			30,000,000
Common Stock Issuances Cancellations Date Twenty One [Member] | Common Stock [Member] | Tina Phan [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares Issuances/ Outstanding			28,948,965,220
Number of shares Issuances/ Cancellations			25,000,000
Common Stock Issuances Cancellations Date Twenty Two [Member] | Common Stock [Member] | Mast Hill Fund LP [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares Issuances/ Outstanding			29,018,965,220
Number of shares Issuances/ Cancellations			70,000,000
Common Stock Issuances Cancellations Date Twenty Three [Member] | Common Stock [Member] | EMA FinancialLLC [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares Issuances/ Outstanding			29,120,715,220
Number of shares Issuances/ Cancellations			101,750,000
Common Stock Issuances Cancellations Date Twenty Four [Member] | Common Stock [Member] | EMA FinancialLLC [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares Issuances/ Outstanding			29,213,307,813
Number of shares Issuances/ Cancellations			92,592,593
Common Stock Issuances Cancellations Date Twenty Five [Member] | Common Stock [Member] | EMA FinancialLLC [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares Issuances/ Outstanding			29,293,273,933
Number of shares Issuances/ Cancellations			79,966,120
Common Stock Issuances Cancellations Date Twenty Six [Member] | Common Stock [Member] | Mast Hill Fund LP [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares Issuances/ Outstanding			29,877,933,513
Number of shares Issuances/ Cancellations			584,659,580
Common Stock Issuances Cancellations Date Twenty Seven [Member] | Common Stock [Member] | FirstFire Global Opportunities Fund [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares Issuances/ Outstanding			30,180,933,513
Number of shares Issuances/ Cancellations			303,000,000
Common Stock Issuances Cancellations Date Twenty Eight [Member] | Common Stock [Member] | 1800 Diagonal Leanding LLC [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares Issuances/ Outstanding			30,273,790,656
Number of shares Issuances/ Cancellations			92,857,143
Common Stock Issuances Cancellations Date Twenty Nine [Member] | Common Stock [Member] | Mast Hill Fund LP [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares Issuances/ Outstanding			30,773,790,656
Number of shares Issuances/ Cancellations			500,000,000
Common Stock Issuances Cancellations Date Thirty [Member] | Common Stock [Member] | Mast Hill Fund LP [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares Issuances/ Outstanding			31,419,380,289
Number of shares Issuances/ Cancellations			645,589,633
Common Stock Issuances Cancellations Date Thirty One [Member] | Common Stock [Member] | Thai Kieu Trinh [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares Issuances/ Outstanding			31,429,380,289
Number of shares Issuances/ Cancellations			10,000,000

SCHEDULE OF CONVERSIONS OF CO_2

SCHEDULE OF CONVERSIONS OF COMMON STOCK (Details) (Parenthetical)	12 Months Ended
	Jun. 30, 2022 shares
Equity [Abstract]
Shares Issued, Shares, Share-Based Payment Arrangement, Forfeited	784,249

STOCKHOLDER_S EQUITY (Details N

STOCKHOLDER’S EQUITY (Details Narrative) - USD ($)	3 Months Ended		12 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2022	Jun. 30, 2021	Jun. 25, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
Common Stock, Shares Authorized	60,000,000,000		60,000,000,000	40,000,000,000	40,000,000,000
Common Stock, Par or Stated Value Per Share	$ 0.001		$ 0.001	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	500,000,000		500,000,000	500,000,000	500,000,000
Preferred Stock, Par or Stated Value Per Share	$ 0.001		$ 0.001	$ 0.001	$ 0.001
Treasury Stock, Shares				484,767
Treasury Stock, Value	$ 44,170		$ 44,170	$ 44,170
Common Stock, Shares, Outstanding	31,429,380,453		31,429,380,453	26,081,268,895
Common Shares issued for cash during the quarter ended June 30, 2022, shares				26,081,268,895
Treasury Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Treasury Stock, Shares	487,767		487,767
Common Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Common Stock, Shares, Outstanding	31,429,380,289		31,429,380,289
Common Shares issued for cash during the quarter ended June 30, 2022, shares	10,000,000	55,000,000	31,429,380,289
Preferred Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Common Shares issued for cash during the quarter ended June 30, 2022, shares		600,000
Preferred Stock [Member] | Board of Directors Chairman [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Common Shares issued for cash during the quarter ended June 30, 2022, shares			2,259.60
Preferred Stock [Member] | Series B Preferred Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Common Shares issued for cash during the quarter ended June 30, 2022, shares			420,000
Class B Series I Preferred Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Preferred stock, shares outstanding	600,000		600,000

SCHEDULE OF FAIR VALUE OF STOCK

SCHEDULE OF FAIR VALUE OF STOCK OPTION ASSUMPTIONS (Details)	12 Months Ended
	Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	1.18%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Term	7 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate	239.30%

SCHEDULE OF FAIR VALUE OF STO_2

SCHEDULE OF FAIR VALUE OF STOCK OPTION ISSUANCE DATE (Details)	12 Months Ended
	Jun. 30, 2022 USD ($) $ / shares shares
Tam Bui [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Stock Options, Issue Date	Sep. 23, 2016
Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Date	Sep. 23, 2023
Stock Options Shares | shares	875,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price | $ / shares	$ 0.24
Fair Value at Issuance of Stock Option | $	$ 219,464
Frank Hawkins [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Stock Options, Issue Date	Sep. 23, 2016
Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Date	Sep. 23, 2023
Stock Options Shares | shares	875,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price | $ / shares	$ 0.24
Fair Value at Issuance of Stock Option | $	$ 219,464
Henry Fahman [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Stock Options, Issue Date	Sep. 23, 2016
Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Date	Sep. 23, 2023
Stock Options Shares | shares	4,770,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price | $ / shares	$ 0.24
Fair Value at Issuance of Stock Option | $	$ 1,187,984

STOCK-BASED COMPENSATION PLAN_2

STOCK-BASED COMPENSATION PLANS (Details Narrative) - $ / shares	Sep. 23, 2016	Mar. 18, 2015
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Employee Stock Ownership Plan (ESOP), Number of Allocated Shares		1,000,000
Henry Fahman [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	$ 0.24
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross	6,520,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term	7 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	1 year

SCHEDULE OF OTHER INCOME (EXPEN

SCHEDULE OF OTHER INCOME (EXPENSE) (Details) - USD ($)	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Other Income and Expenses [Abstract]
Interest expense	$ (1,592,557)	$ (369,280)
Other income	1,118,195
Net other income/expense	(3,780,153)
NET OTHER INCOME (EXPENSES)	$ (4,254,515)	$ (5,700,562)

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	3 Months Ended		12 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2022	Jun. 30, 2021
Common Shares issued for cash during the quarter ended June 30, 2022, shares				26,081,268,895
Preferred Stock [Member]
Common Shares issued for cash during the quarter ended June 30, 2022, shares		600,000
Preferred Stock [Member] | Series B Preferred Stock [Member]
Common Shares issued for cash during the quarter ended June 30, 2022, shares			420,000
Class B Series I Preferred Stock [Member]
Preferred stock, shares outstanding	600,000		600,000
President, Chief Operating Officer and Secretary [Member]
Accrued Salaries	$ 360,000		$ 360,000
Board of Directors Chairman [Member] | Preferred Stock [Member]
Common Shares issued for cash during the quarter ended June 30, 2022, shares			2,259.60

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative)	12 Months Ended
	Jun. 30, 2022 USD ($)
Income Tax Disclosure [Abstract]
Operating Loss Carryforwards	$ 71,717,973
Operating Loss Carryforwards, Limitations on Use	The net operating loss carry forward may be used to reduce taxable income through the year 2036. Net operating loss for carry forwards for the State of California is generally available to reduce taxable income through the year 2026. The availability of the Company’s net operating loss carry-forward is subject to limitation if there is a 50% or more positive change in the ownership of the Company’s stock.

CONTRACTS AND COMMITMENTS (Deta

CONTRACTS AND COMMITMENTS (Details Narrative)

1 Months Ended

3 Months Ended

9 Months Ended

12 Months Ended

Feb. 09, 2022 USD ($) $ / shares shares

Jan. 17, 2022 USD ($)

Dec. 10, 2021 USD ($)

Nov. 14, 2021 USD ($)

Oct. 17, 2021 USD ($)

Dec. 23, 2019 USD ($) shares

Sep. 20, 2018 shares

Aug. 03, 2017 shares

Mar. 06, 2017 USD ($) shares

Jun. 30, 2022 USD ($)

Jun. 30, 2022 USD ($) shares

Mar. 31, 2022 shares

Dec. 31, 2021 USD ($) shares

Sep. 30, 2021 USD ($) shares

Mar. 31, 2022 shares

Jun. 30, 2022 USD ($) shares

Jun. 30, 2021 shares

Aug. 03, 2022 USD ($)

Feb. 22, 2022 ha

Jan. 26, 2022 USD ($)

Jan. 18, 2022

Jan. 03, 2022

Aug. 10, 2020 USD ($)

Aug. 06, 2018

Stock Issued During Period, Value, Issued for Services

$ 9,734,200

$ 4,908,800

Stockholders' Equity, Reverse Stock Split

1 for 1,500 reverse split

Stock Issued During Period, Value, New Issues

$ 5,000

Stock Issued During Period, Shares, New Issues | shares

26,081,268,895

Shares Issued, Price Per Share | $ / shares

$ 0.001

Annual revenues

$ 5,500,000,000

Maximum [Member]

Stock Issued During Period, Value, New Issues

$ 75,000,000

Stock Issued During Period, Shares, New Issues | shares

3,750,000,000

Debt Instrument, Interest Rate, Stated Percentage

36%

36%

36%

Tecco Group [Member]

Real Estate Investments, Net

$ 156,366.25

$ 156,366.25

$ 156,366.25

$ 2,000,000

Common Stock [Member]

Stock Issued During Period, Value, Issued for Services

$ 1,533,000

$ 767,000

Stock Issued During Period, Shares, Issued for Services | shares

1,533,000,000

767,000,000

Stock Issued During Period, Value, New Issues

$ 10,000

Stock Issued During Period, Shares, New Issues | shares

10,000,000

55,000,000

31,429,380,289

Johnny Park [Member]

Stock Issued During Period, Shares, Issued for Services | shares

1,150,000,000

Johnny Park [Member] | Two Thousand Twenty One Employee Benefit Plan [Member]

Stock Issued During Period, Shares, Issued for Services | shares

1,150,000,000

Geza Holding AG [Member]

Debt Instrument, Face Amount

$ 1,500,000,000

Debt Instrument, Interest Rate, Stated Percentage

3.50%

Debt Instrument, Term

15 years

Debt grace period

1 year

Tecco Group [Member]

Equity Method Investment, Ownership Percentage

49%

Kota Construction LLC [Member]

Equity Method Investment, Ownership Percentage

50.10%

Siennalyn Gold Mining Corporation [Member] | American Pacific Resources, Inc [Member]

Equity Method Investment, Ownership Percentage

30%

Business Cooperation Agreement [Member] | American Pacific Resources, Inc [Member]

Area of Land | ha

4,116

Business Cooperation Agreement [Member] | Vinafilms JSC [Member]

Equity Method Investment, Ownership Percentage

51%

Stock Swap Agreement [Member] | Vinafilms JSC [Member] | Class A Series III Cumulative, Convertible, Redeemable Preferred Stock [Member]

Conversion of Stock, Shares Converted | shares

50,000,000

Stock Swap Agreement [Member] | Vinafilms JSC [Member] | Common Stock [Member]

Conversion of Stock, Shares Converted | shares

3,060,000

Stock Swap Agreement [Member] | Vinafilms JSC [Member]

Equity Method Investment, Ownership Percentage

76%

Consulting Service Agreement [Member]

Stock Issued During Period, Value, Issued for Services

$ 90,000

Stock Issued During Period, Shares, Issued for Services | shares

5,000,000

Consulting Service Agreement [Member] | PHILUX Capital Advisors, Inc. [Member] | Common Stock [Member]

Stock Issued During Period, Value, Issued for Services

$ 88,500

Stock Issued During Period, Shares, Issued for Services | shares

5,000,000

Stockholders' Equity, Reverse Stock Split

1-for-500 reverse split

Investment Agreement and Registration Rights Agreement [Member]

Stock Issued During Period, Shares, New Issues | shares

7,936,600

Investment Agreement and Registration Rights Agreement [Member] | Investor [Member]

Stock Issued During Period, Value, New Issues

$ 10,000,000

Stock Issued During Period, Shares, New Issues | shares

65,445,000

20,000,000

Agreement of Purchase and Sale [Member] | Five-Grain Treasure Spirits Co., Ltd [Member]

Equity Method Investment, Ownership Percentage

70%

Contract Agreement [Member] | Haj Finance Group [Member]

Debt Instrument, Face Amount

$ 1,500,000,000

Debt Instrument, Interest Rate, Stated Percentage

2.50%

Debt Instrument, Term

35 years

Debt grace period

3 years

Loan Agreement [Member] | Neok Financial Incorporated [Member]

Debt Instrument, Face Amount

$ 2,000,000,000

Debt Instrument, Interest Rate, Stated Percentage

2%

Debt Instrument, Term

35 years

Loan Agreement [Member] | Al Aqel and Partners Investment LLC [Member]

Debt Instrument, Face Amount

$ 1,000,000,000

Debt Instrument, Interest Rate, Stated Percentage

3%

Debt Instrument, Term

10 years

Debt grace period

2 years

Debt Instrument, Collateral

The closing of this transaction is subject to having met certain administrative, legal and financial requirements, including a collateral for the loan to be secured by a surety bond of 1% of the total loan amount to deducted from the proceeds of the loan

Loan Agreement [Member] | Arab League Investment Group [Member]

Debt Instrument, Face Amount

$ 200,000,000

Debt Instrument, Interest Rate, Stated Percentage

2.50%

Debt Instrument, Term

15 years

Debt grace period

3 years

Purchase and Sales Agreement [Member]

Business Acquisition, Transaction Costs

$ 64,125,000

Purchase and Sales Agreement [Member] | Kota Energy Group L L C [Member]

Business Acquisition, Transaction Costs

$ 15,655,248

12,524,469

Purchase and Sales Agreement [Member] | Kota Construction LLC [Member]

Business Acquisition, Transaction Costs

$ 64,504,752

$ 51,600,531

Purchase and Sales Agreement [Member] | Kota Construction LLC [Member]

Equity Method Investment, Ownership Percentage

50.10%

50.10%

Purchase and Sales Agreement [Member] | Kota Energy Group L L C [Member]

Equity Method Investment, Ownership Percentage

50.10%

50.10%

GOING CONCERN UNCERTAINTY (Deta

GOING CONCERN UNCERTAINTY (Details Narrative) - USD ($)	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Retained Earnings (Accumulated Deficit)	$ 71,717,973				$ 50,563,530
Stockholders' Equity Attributable to Parent	$ 6,543,502	$ 946,420	$ 1,463,100	$ 2,514,670	$ 5,997,389

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - USD ($)				3 Months Ended	12 Months Ended
	Nov. 03, 2022	Aug. 16, 2022	Aug. 13, 2022	Jun. 30, 2022	Jun. 30, 2022	Jun. 30, 2021	Jul. 08, 2022
Subsequent Event [Line Items]
Stock Issued During Period, Shares, New Issues						26,081,268,895
Stock Issued During Period, Value, New Issues				$ 5,000
Conversion of Stock, Description					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”).
Subsequent Event [Member] | Stock Transfer Agreement [Member] | Mr Tran Dinh Quyen [Member]
Subsequent Event [Line Items]
Equity Method Investment, Ownership Percentage			51%
Stock Issued During Period, Shares, New Issues			22,032,000
Stock Issued During Period, Value, New Issues			$ 60,000,000
Subsequent Event [Member] | Purchase And Sale [Member]
Subsequent Event [Line Items]
Conversion of Stock, Description		The convertible promissory note, which will be guaranteed by Philux Global Group Inc. and carries no interest, will be due and payable 180 days commencing the date of issuance and may be converted into common stock of Philux Global Trade Inc. any time after this subsidiary becomes a publicly traded company in the United States. The conversion price will be 50% of the average closing price during the ten trading-day period ending one trading day prior to the date of conversion.
Subsequent Event [Member] | Purchase And Sale [Member] | Van Phat Dat Joint Stock [Member]
Subsequent Event [Line Items]
Equity Method Investment, Ownership Percentage		51%
Stock Issued During Period, Shares, New Issues		5,100,000
Stock Issued During Period, Value, New Issues		$ 6,127,895
Subsequent Event [Member] | Financial Investment Management Agreement [Member]
Subsequent Event [Line Items]
Stock Issued During Period, Value, New Issues	$ 1,000,000,000
Investment percent	15%
Investment Company, Total Return after Incentive Fees	80%
Subsequent Event [Member] | Gulf Cooperation Council [Member] | Partnership Agreement [Member]
Subsequent Event [Line Items]
Investment Owned, at Fair Value							$ 3,000,000,000
Investment Owned, Percent of Net Assets							40%