Philux Global (PHIL) 10-Q 22 May 23 2023 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Mar. 31, 2023	May 22, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2023
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2023
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	714
Local Phone Number	793-9227
Title of 12(b) Security	Common Stock
Trading Symbol	PHIL
Entity Current Reporting Status	Yes
Entity Interactive Data Current	No
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		37,059,293,090

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($)	Mar. 31, 2023	Jun. 30, 2022
Current Assets
Cash and cash equivalents	$ 39,424	$ 67,896
Marketable securities	420	546
Other current assets	242,420	365,360
Total current assets	282,264	433,802
Other assets:
Investments	37,601	36,161
Total Assets	319,865	469,963
Current Liabilities
Accounts payable	615,405	615,805
Sub-fund obligations & Commitments	1,683,459	1,574,775
Accrued expenses	1,261,565	931,417
Short-term loans and notes payable	1,044,461	676,888
Convertible Promissory Notes	572,500	756,250
Due to officers	1,045,210	1,077,218
Advances from customers and client deposits	760,434	665,434
Derivative liabilities and Note Discount	1,623,460	715,677
Total Liabilities	8,606,494	7,013,465
Stockholders’ deficit:
Total Preferred Stock	2,440	2,440
Common stock, $0.001 par value; 60 billion shares authorized; 36,349,939,124 shares issued and outstanding on 3/31/2023; 60 billion shares authorized and 31,429,380,453 shares issued and outstanding on 6/30/2022, respectively, adjusted for 1 for 1,500 reverse split effective March 15, 2012. Par value:	36,349,939	31,429,381
APIC - Common Stock	33,943,377	34,394,912
Common Stock to be issued	396,000
Common Stock to be cancelled	(35,500)	(35,500)
Treasury stock: 484,767 shares as of 3/31/23 and 6/30/22, respectively - cost method.	(44,170)	(44,170)
Accumulated deficit	(75,932,642)	(71,717,973)
Total Acc. Other Comprehensive Income (Loss)	(2,966,071)	(572,591)
Total stockholders’ deficit	(8,286,628)	(6,543,502)
Total liabilities and stockholders’ deficit	319,865	469,963
Class B Series I Preferred Stock [Member]
Stockholders’ deficit:
Preferred Stock, $0.001 par value; 500,000,000 shares authorized. 600,000 shares and 600,000 shares Class B Series I issued and outstanding as of 3/31/2023 and 06/30/2022 respectively. Par value:	600	600
APIC - Class B Series I	$ 1,840	$ 1,840

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	9 Months Ended	12 Months Ended
	Mar. 31, 2023	Jun. 30, 2022
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	500,000,000	500,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	60,000,000,000	60,000,000,000
Common stock, shares issued	36,349,939,124	31,429,380,453
Common stock, shares outstanding	36,349,939,124	31,429,380,453
Reverse stock split	1 for 1,500 reverse split	1 for 1,500 reverse split
Treasury stock, shares	484,767	484,767
Class B Series I Preferred Stock [Member]
Preferred stock, shares issued	600,000	600,000
Preferred stock, shares outstanding	600,000	600,000

Consolidated Statement of Opera

Consolidated Statement of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Net revenues
Consulting, advisory and management services		$ 5,000	$ 25,000	$ 30,000
Revenue, Product and Service [Extensible Enumeration]		Investment Advisory, Management and Administrative Service [Member]	Investment Advisory, Management and Administrative Service [Member]	Investment Advisory, Management and Administrative Service [Member]
Total revenues		$ 5,000	$ 25,000	$ 30,000
Operating expenses:
Salaries and wages	90,000	90,000	270,000	273,040
Professional services, including non-cash compensation	157,462	180,400	436,226	15,114,627
General and administrative	59,603	24,142	102,819	108,943
Total operating expenses	307,065	294,542	809,045	15,496,610
Income (loss) from operations	(307,065)	(289,542)	(784,045)	(15,466,610)
Other income and expenses
Interest expense	(377,009)	(89,002)	(822,905)	(1,041,943)
Other income (expense)	(1,094,638)	(1,673,810)	(2,609,718)	(2,095,610)
Net other income (expenses)	(1,471,647)	(1,762,812)	(3,432,624)	(3,137,553)
Net income (loss)	$ (1,778,713)	$ (2,052,354)	$ (4,216,669)	$ (18,604,163)
Net loss per share:
Basic	$ 0	$ 0	$ 0	$ 0
Diluted	$ 0	$ 0	$ 0	$ 0
Weighted average number of shares outstanding:
Basic	34,018,394,095	28,319,126,230	34,018,394,095	28,319,126,230
Diluted	34,018,394,095	28,319,126,230	34,018,394,095	28,319,126,230

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Cash flows from operating activities:
Net income (loss) from operations	$ (4,216,669)	$ (18,604,163)
Changes in derivatives and mark-to-market	(1,485,011)	(402,280)
Stock issuance for services and cancellation of debts	3,793,473	18,419,645
Adjustment for funds in transit	2,500
(Increase) decrease in assets and prepaid expenses
Deferred financing costs	113,440
Other (increase) decrease in assets and prepaid expenses	7,000
Increase (decrease) in accounts payable and accrued expenses
Accounts payable	(400)	(68,163)
Accrued expenses (net)	224,793	150,083
Sub-fund obligations and contingency commitments	108,684
Advances from customers and client deposits	95,000	(50,000)
Net cash provided by (used in) operating activities	(1,357,190)	(554,878)
Cash flows from investing activities:
Investments: Asia Diamond Exchange		(502,798)
Net cash provided by (used in) investing activities		(502,798)
Cash flows from financing activities:
Common Stock	251,800
Common Stock to be issued	396,000
Loans and Notes Payable	680,919	885,924
CO2-1-0 (Carbon) Corp tokens		100,000
Net cash provided by (used in) financing activities	1,328,719	985,924
Net decrease in cash and cash equivalents	(28,471)	(71,752)
Cash and cash equivalents, beginning of period	67,896	95,344
Cash and cash equivalents, end of period	$ 39,424	$ 23,592

Statement of Stockholders' Equi

Statement of Stockholders' Equity (Deficit) (Unaudited) - USD ($)	Common Stock [Member]	Common Stock Including Additional Paid in Capital [Member]	Preferred Stock [Member]	Preferred Stock Including Additional Paid in Capital [Member]	Treasury Stock Common And Preferred [Member]	Common Stock to be Cancelled [Member]	Common Stock To Be Issued [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Balance at Jun. 30, 2022	$ 31,429,381	$ 34,394,912	$ 600	$ 1,840	$ (44,170)	$ (35,000)		$ 572,591	$ (71,717,973)	$ (6,543,502)
Balance, shares at Jun. 30, 2022	31,429,380,289		600,000		(484,767)
Common Shares issued for conversions of promissory notes during the quarter	$ 392,097	(158,483)								233,614
Common Shares issued for conversions of promissory notes durng the quarter, shares	392,096,775
Common Shares issued for exercise of warrants during the quarter ended September 30, 2022	$ 2,279,167	115,913								2,395,080
Common Shares issued for exercise of warrants during the quarter ended September 30, 2022, shares	2,279,166,666
Common Shares cancelled during quarter ended September 30, 2022	$ (454,758)	90,952								(545,710)
Common Shares cancelled during quarter ended September 30, 2022, shares	(454,758,300)
Balance at Dec. 31, 2022	$ 33,645,886	34,261,391	$ 600	1,840	$ (44,170)	(35,000)	16,000	(572,022)	(74,155,929)	6,881,906
Balance, shares at Dec. 31, 2022	33,645,885,430		600,000		(484,767)
Balance at Jun. 30, 2022	$ 31,429,381	34,394,912	$ 600	1,840	$ (44,170)	(35,000)		572,591	(71,717,973)	(6,543,502)
Balance, shares at Jun. 30, 2022	31,429,380,289		600,000		(484,767)
Balance at Mar. 31, 2023	$ 36,349,940	33,943,377	$ 600	1,840	$ (44,170)	(35,000)	396,000	(2,966,071)	(75,932,642)	(8,286,628)
Balance, shares at Mar. 31, 2023	36,349,939,124		60,000		(484,767)
Balance at Dec. 31, 2022	$ 33,645,886	34,261,391	$ 600	1,840	$ (44,170)	(35,000)	16,000	(572,022)	(74,155,929)	6,881,906
Balance, shares at Dec. 31, 2022	33,645,885,430		600,000		(484,767)
Common Shares issued for conversions of promissory notes during the quarter	$ 1,909,744	(333,569)								1,576,175
Common Shares issued for conversions of promissory notes durng the quarter, shares	1,909,744,449
Common Shares issued for cash during the quarter ended March 31, 2023	$ 609,309	15,556								624,865
Common Shares issued for cash during the quarter ended March 31, 2023, shares	609,309,245
Common Shares issued for contractual obligation during the quarter ended March 31, 2023	$ 185,000									$ 185,000
Common Shares issued for contractual obligation during the quarter ended March 31, 2023, shares	185,000,000									185,000,000
Balance at Mar. 31, 2023	$ 36,349,940	$ 33,943,377	$ 600	$ 1,840	$ (44,170)	$ (35,000)	$ 396,000	$ (2,966,071)	$ (75,932,642)	$ (8,286,628)
Balance, shares at Mar. 31, 2023	36,349,939,124		60,000		(484,767)

NATURE OF BUSINESS

NATURE OF BUSINESS	9 Months Ended
	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NATURE OF BUSINESS	NOTE 1 NATURE OF BUSINESS INTRODUCTION 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, 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 also formed Philux Global Advisors, Inc. to serve as the investment advisor to PHILUX Global Funds and other potential fund clients in the future. The Company had signed agreements to acquire majority equity interests in Kota Construction LLC and Kota Energy Group LLC (“KOTA”) which are engaged in solar energy business ( https://www.kotasolar.com BUSINESS STRATEGY PHI’s strategy is to: 1. Identify, build, acquire, commit and deploy valuable resources with distinctive competitive advantages; 2. Identify, evaluate, acquire, participate and compete in attractive businesses that have large, growing market potential; 3. Build an attractive investment that includes points of exit for investors through capital appreciation or spin-offs of business units.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Mar. 31, 2023
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 PHI Group, Inc. (a/k/a Philux Global Group, Inc.) and its active wholly owned subsidiaries: (1) PHILUX Capital Advisors, Inc., a Wyoming corporation ( 100 100 100 100 100 100 INTERIM CONSOLIDATED FINANCIAL STATEMENTS The accompanying unaudited interim consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. These statements should be read in conjunction with the audited financial statements for the year ended June 30, 2022. In the opinion of management, all adjustments consisting of normal reoccurring accruals have been made to the financial statements. The results of operation for the three and nine months ended March 31, 2023 are not necessarily indicative of the results to be expected for the fiscal year ending June 30, 2023. USE OF ESTIMATES The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. Cash and Cash Equivalents The Company considers all liquid investments with a maturity of three months or less from the date of purchase that are readily convertible into cash to be cash equivalents. MARKETABLE SECURITIES The Company’s securities are classified as available-for-sale and, as such, are carried at fair value. Securities classified as available-for-sale may be sold in response to changes in interest rates, liquidity needs, and for other purposes. Typically, each investment in marketable securities represents less than twenty percent ( 20 Unrealized holding gains and losses for available-for-sale securities are excluded from earnings and reported as a separate component of stockholder’s equity. Realized gains and losses for securities classified as available-for-sale are reported in earnings based upon the adjusted cost of the specific security sold. On March 31, 2023, the marketable securities were recorded at $ 420 FAIR VALUE OF FINANCIAL INSTRUMENTS Fair Value - Definition and Hierarchy Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Assets and liabilities measured at fair value are categorized based on whether or not the inputs are observable in the market and the degree that the inputs are observable. The categorization of financial assets and liabilities within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. A fair value hierarchy for inputs is used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs are to be used when available. Valuation techniques that are consistent with the market or income approach are used to measure fair value. The fair value hierarchy is categorized into three levels based on the inputs as follows: Level Level Level 3 Fair value is a market-based measure, based on assumptions of prices and inputs considered from the perspective of a market participant that are current as of the measurement date, rather than an entity-specific measure. Therefore, even when market assumptions are not readily available, the Company’s own assumptions are set to reflect those that market participants would use in pricing the asset or liability at the measurement date. The availability of valuation techniques and observable inputs can vary from investment to investment and are affected by a wide variety of factors, including; type of investment, whether the investment is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the transaction. To the extent that valuation is based upon models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Because of the inherent uncertainty of valuation, those estimated values may be materially higher or lower than the values that would have been used had a ready market for the investments existed. Accordingly, the degree of judgment exercised by the Fund in determining fair value is greatest for investments categorized in Level 3. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level in the fair value hierarchy in which the fair value measurement falls in its entirety is determined based upon the lowest level input that is significant to the fair value measurement. Fair Value - Valuation Techniques and Inputs The Company holds and may invest public securities traded on public exchanges or over-the-counter (OTC), private securities, real estate, convertible securities, interest bearing securities and other types of securities and has adopted specific techniques for their respective valuations. Equity Securities in Public Companies Unrestricted The Company values investments in securities that are freely tradable and listed on major securities exchanges at their last reported sales price as of the valuation date. To the extent these securities are actively traded and valuation adjustments are not applied, they are categorized in Level 1 of the fair value hierarchy. Securities traded on inactive markets or valued by reference to similar instruments are generally categorized in Level 2 or 3 of the fair value hierarchy. Restricted Securities traded on public exchanges or over-the-counter (OTC) where there are formal restrictions that limit (i.e. Rule 144 holding periods and underwriter’s lock-ups) their sale shall be valued at the closing price on the date of valuation less applicable discounts. The Company may apply a discount to securities with Rule 144 restrictions. Additional discounts may be assessed if the Company believes there are other mitigating factors which warrant the additional discounting. When determining potential additional discounts, factors that will be taken into consideration include, but are not limited to; securities’ trading characteristics, volume, length and overall impact of the restriction as well as other macro-economic factors. Valuations should be discounted appropriately until the securities may be freely traded. If it has been determined that the exchange or OTC listed price does not accurately reflect fair market value, the Company may elect to treat the security as a private company and apply an alternative valuation method. Investments in restricted securities of public companies may be included in Level 2 of the fair value hierarchy. However, to the extent that significant inputs used to determine liquidity discounts are not observable, investments in restricted securities in public companies may be categorized in Level 3 of the fair value hierarchy. The Company’s financial instruments primarily consist of cash and cash equivalents, accounts receivable, marketable securities, short-term notes payable, convertible notes, derivative liability and accounts payable. As of the balance sheet dates, the estimated fair values of the financial instruments were not materially different from their carrying values as presented on the balance sheet. This is primarily attributed to the short maturities of these instruments. Effective July 1, 2008, the Company adopted ASC 820 (previously SFAS 157), Fair Value Measurements Assets measured at fair value on a recurring basis are summarized below. The Company also has convertible notes and derivative liabilities as disclosed in this report that are measured at fair value on a regular basis until paid off or exercised. Available-for-sale securities The Company uses various approaches to measure fair value of available-for-sale securities, while applying the three-level valuation hierarchy for disclosures, specified in ASC 820. Our Level 1 securities were measured using the quoted prices in active markets for identical assets and liabilities. The company’s policy regarding the transfers in and/or out of Level 3 depends on the trading activity of the security, the volatility of the security, and other observable units which clearly represents the fair value of the security. If a level 3 security can be measured using a more fairly represented fair value, we will transfer these securities either into Level 1 or Level 2, depending on the type of inputs. ACCOUNTS RECEIVABLE Management reviews the composition of accounts receivable and analyzes historical bad debts. As of March 31, 2023, the Company did not have any accounts receivable. PROPERTIES AND EQUIPMENT Property and equipment are carried at cost less accumulated depreciation. Depreciation is provided using the straight-line method over the estimated useful life of the assets from three five years REVENUE RECOGNITION STANDARDS ASC 606-10 provides the following overview of how revenue is recognized from an entity’s contracts with customers: An entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Step 1: Identify the contract(s) with a customer. Step 2: Identify the performance obligations in the contract. Step 3: Determine the transaction price – The transaction price is the amount of consideration in a contract to which an entity expects to be entitled in exchange for transferring promised goods or services to a customer. Step 4: Allocate the transaction price to the performance obligations in the contract – Any entity typically allocates the transaction price to each performance obligation on the basis of the relative standalone selling prices of each distinct good or service promised in the contract. Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation – An entity recognizes revenue when (or as) it satisfies a performance obligation by transferring a promised good or service to a customer (which is when the customer obtains control of that good or service). The amount of revenue recognized is the amount allocated to the satisfied performance obligation. A performance obligation may be satisfied at a point in time (typically for promises to transfer goods to a customer) or over time (typically for promises to transfer service to a customer). For performance obligations satisfied over time, an entity recognizes revenue over time by selecting an appropriate method for measuring the entity’s progress toward complete satisfaction of that performance obligation. (Paragraphs 606-10 25-23 through 25-30). In addition, ASC 606-10 contains guidance on the disclosures related to revenue, and notes the following: It also includes a cohesive set of disclosure requirements that would result in an entity providing users of financial statements with comprehensive information about the nature, amount, timing, and uncertainty of revenue and cash flows arising from the entity’s contracts with customers. Specifically, Section 606-10-50 requires an entity to provide information about: - Revenue recognized from contracts with customers, including disaggregation of revenue into appropriate categories. - Contract balances, including the opening and closing balances of receivables, contract assets, and contract liabilities. - Performance obligations, including when the entity typically satisfies its performance obligations and the transaction prices is that is allocated to the remaining performance obligations in a contract. - Significant judgments, and changes in judgments, made in applying the requirements to those contracts. Additionally, Section 340-40-50 requires an entity to provide quantitative and/or qualitative information about assets recognized from the costs to obtain or fulfill a contract with a customer. The Company’s revenue recognition policies are in compliance with ASC 606-10. The Company recognizes consulting and advisory fee revenues in accordance with the above-mentioned guidelines and expenses are recognized in the period in which the corresponding liability is incurred. STOCK-BASED COMPENSATION Effective July 1, 2006, the Company adopted ASC 718-10-25 (previously SFAS 123R) and accordingly has adopted the modified prospective application method. Under this method, ASC 718-10-25 is applied to new awards and to awards modified, repurchased, or cancelled after the effective date. Additionally, compensation cost for the portion of awards that are outstanding as of the date of adoption for which the requisite service has not been rendered (such as unvested options) is recognized over a period of time as the remaining requisite services are rendered. RISKS AND UNCERTAINTIES In the normal course of business, the Company is subject to certain risks and uncertainties. The Company provides its service and receives marketable securities upon execution of transactions. Consequently, the value of the securities received from customers can be affected by economic fluctuations and each customer’s business growth. The actual realized value of these securities could be significantly different than recorded value. RECENT ACCOUNTING PRONOUNCEMENTS 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, 2022, and early adoption is permitted for fiscal years beginning after December 15, 2020. This pronouncement should not affect the accounting for the Company’s debt instruments for the quarter ended March 31, 2023. Update No. 2018-13 – August 2018 Fair Value Measurement (Topic 820): Changes to the Disclosure Requirements for Fair Value Measurement Modifications: The following disclosure requirements were modified in Topic 820: 1. In lieu of a roll-forward for Level 3 fair value measurements, a non-public 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 non-public entities: 1. The changes in unrealized gains and losses for the period included in other comprehensive income for recurring Level 3 fair value measurements held at the end of the reporting period. 2. The range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements. For certain unobservable inputs, an entity may disclose other quantitative information (such as the median or arithmetic average) in lieu of the weighted average if the entity determines that other quantitative information would be a more reasonable and rational method to reflect the distribution of unobservable inputs used to develop Level 3 fair value measurements. The amendments in this Update are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Update No. 2018-07 – June 2018 Compensation – Stock Compensation (Topic 718) Improvements to Nonemployee Share-Based Payment Accounting Main Provisions: The amendments in this Update expand the scope of Topic 718 to include share-based payment transactions for acquiring goods and services from nonemployees. An entity should apply the requirements of Topic 718 to nonemployee awards except for specific guidance on inputs to an option pricing model and the attribution of cost (that is, the period of time over which share-based payment awards vest and the pattern of cost recognition over that period). The amendments specify that Topic 718 applies to all share-based payment transactions in which a grantor acquires goods or services to be used or consumed in a grantor’s own operations by issuing share-based payment awards. The amendments also clarify that Topic 718 does not apply to share-based payments used to effectively provide (1) financing to the issuer or (2) awards granted in conjunction with selling goods or services to customers as part of a contract accounted for under Topic 606, Revenue from Contracts with Customers. The amendments in this Update are effective for public business entities for fiscal years beginning after December 15, 2018, including interim periods within that fiscal year. Update No. 2017-13 - September 2017 Revenue Recognition (Topic 605), Revenue from Contracts with Customers (Topic 606) FASB Accounting Standards Updates No. 2014-09, Revenue from Contracts with Customers (Topic 606), issued in May 2014 and codified in ASC Topic 606, Revenue from Contracts with Customers, and No. 2016-02. The transition provisions in ASC Topic 606 require that a public business entity and certain other specified entities adopt ASC Topic 606 for annual reporting 3 periods beginning after December 15, 2017, including interim reporting periods within that reporting period. FN2 All other entities are required to adopt ASC Topic 606 for annual reporting periods beginning after December 15, 2018, and interim reporting periods within annual reporting periods beginning after December 15, 2019. Update No. 2016-10 - April 2016 Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing The core principle of the guidance in Topic 606 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps: 1. Identify the contract(s) with a customer. 2. Identify the performance obligations in the contract. 3. Determine the transaction price. 4. Allocate the transaction price to the performance obligations in the contract. 5. Recognize revenue when (or as) the entity satisfies a performance obligation. The amendments in this Update do not change the core principle of the guidance in Topic 606. Rather, the amendments in this Update clarify the following two aspects of Topic 606: identifying performance obligations and the licensing implementation guidance, while retaining the related principles for those areas. The Company has either evaluated or is currently evaluating the implications, if any, of each of these pronouncements and the possible impact they may have on the Company’s financial statements. In most cases, management has determined that the implementation of these pronouncements would not have a material impact on the financial statements taken as a whole.

MARKETABLE EQUITY SECURITIES AV

MARKETABLE EQUITY SECURITIES AVAILABLE FOR SALE	9 Months Ended
	Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract]
MARKETABLE EQUITY SECURITIES AVAILABLE FOR SALE	NOTE 3 MARKETABLE EQUITY SECURITIES AVAILABLE FOR SALE The Company’s marketable securities are classified as available-for-sale and, as such, are carried at fair value. All of the securities are comprised of shares of common stock of the investee. Securities classified as available-for-sale may be sold in response to changes in interest rates, liquidity needs, and for other purposes. These marketable securities are quoted on the OTC Markets or other public exchanges and are accounted for in accordance with the provisions of SFAS No. 115. Marketable securities held by the Company and classified as available for sale as of March 31, 2023 consisted of 91 420 SCHEDULE OF FAIR VALUE OF INVESTMENTS MARKETABLE EQUITY SECURITIES Securities available for sale Level 1 Level 2 Level 3 Total March 31, 2023 None $ 420 $ 0 $ 420 June 30, 2022 None $ 546 $ 0 $ 546

PROPERTIES AND EQUIPMENT

PROPERTIES AND EQUIPMENT	9 Months Ended
	Mar. 31, 2023
Property, Plant and Equipment [Abstract]
PROPERTIES AND EQUIPMENT	NOTE 4 PROPERTIES AND EQUIPMENT The Company did not have any properties or equipment as of March 31, 2023.

OTHER ASSETS

OTHER ASSETS	9 Months Ended
	Mar. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
OTHER ASSETS	NOTE 5 OTHER ASSETS Other Assets comprise of the following as of March 31, 2023 and June 30, 2022 SCHEDULE OF OTHER ASSETS March 31, 2023 June 30, 2022 Investment in PHILUX Global Funds, SCA, SICAV-RAIF $ 32,601 $ 31,161 Investment in AQuarius Power, Inc. $ 5,000 $ 5,000 Total Other Assets $ 37,601 $ 36,161 Other Assets as of March 31, 2023 consist of a $ 5,000 32,601 For the investments in PHILUX Global Funds, as of March 31, 2023, PHI Luxembourg Development SA, a Luxembourg corporation and wholly-owned subsidiary of PHI Group, Inc. held twenty-eight 28,000 100 1,000 100 1,000 32,601 The Company has treated all development costs of the Asia Diamond Exchange as expenses and exchanged for common shares in Asia Diamond Exchange, Inc., a Wyoming corporation.

CURRENT LIABILITIES

CURRENT LIABILITIES	9 Months Ended
	Mar. 31, 2023
Payables and Accruals [Abstract]
CURRENT LIABILITIES	NOTE 6 CURRENT LIABILITIES Current Liabilities of the Company consist of the followings as of March 31, 2023 and June 30, 2022. SCHEDULE OF CURRENT LIABILITIES Current Liabilities 31-Mar-23 30-Jun-22 Accounts payable $ 615,405 $ 615,805 Sub-fund obligations and commitments 1,683,459 1,574,775 Accrued expenses 1,261,565 931,417 Short-term loans and notes payable 1,044,461 676,888 Convertible Promissory Notes 572,500 756,250 Due to officers 1,045,210 1,077,218 Advances from customers 760,434 665,434 Derivative liabilities and Note Discount 1,623,460 715,677 Total Current Liabilities $ 8,606,494 $ 7,013,465 ACCRUED EXPENSES: Accrued expenses as of March 31, 2023 totaling $ 1,261,565 943,842 308,723 NOTES PAYABLE: As of March 31, 2023, Notes Payable consist of $ 814,348 43,750 572,500 186,363 ADVANCES FROM CUSTOMERS AND CLIENT’S DEPOSIT: As of March 31, 2023, the Company recorded $ 660,434 100,000 SUB-FUND OBILGATIONS AND COMMITMENT RETAINER: The Company has recorded a total of $ 1,586,619 96,840

DUE TO OFFICERS

DUE TO OFFICERS	9 Months Ended
	Mar. 31, 2023
Due To Officers
DUE TO OFFICERS	NOTE 7 DUE TO OFFICERS 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 March 31, 2023 and June 30, 2022, the balances were $ 1,045,210 1,077,218 SCHEDULE OF COMPONENTS OF DUE TO OFFICERS Officers/Directors Mar 31, 2023 Jun 30, 2022 Henry Fahman 360,089 $ 413,868 Tam Bui 663,350 $ 663,350 Total $ 1,045,210 $ 1,077,218 Duo to Officers $ 1,045,210 $ 1,077,218

LOANS AND PROMISSORY NOTES

LOANS AND PROMISSORY NOTES	9 Months Ended
	Mar. 31, 2023
Debt Disclosure [Abstract]
LOANS AND PROMISSORY NOTES	NOTE 8 LOANS AND PROMISSORY NOTES A. SHORT TERM NOTES PAYABLE: In the course of its business, the Company has obtained short-term loans from individuals and institutional investors. NOTES PAYABLE: As of March 31, 2023, Notes Payable consist of $ 814,348 284,475 43,750 1,274 186,363 B. CONVERTIBLE PROMISSORY NOTES OUTSTANDING AS OF MARCH 31, 2023 As of March 31, 2023, the Company had a net balance of $ 572,500 21,973

PAYROLL TAX LIABILITIES

PAYROLL TAX LIABILITIES	9 Months Ended
	Mar. 31, 2023
Payroll Tax Liabilities
PAYROLL TAX LIABILITIES	NOTE 9 PAYROLL TAX LIABILITIES As of March 31, 2023, payroll tax liabilities were $ 5,747

BASIC AND DILUTED NET PROFIT (L

BASIC AND DILUTED NET PROFIT (LOSS) PER SHARE	9 Months Ended
	Mar. 31, 2023
Earnings Per Share [Abstract]
BASIC AND DILUTED NET PROFIT (LOSS) PER SHARE	NOTE 10 BASIC AND DILUTED NET PROFIT (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 period ended March 31, 2023 were the same since the inclusion of Common stock equivalents is anti-dilutive.

STOCKHOLDER_S EQUITY

STOCKHOLDER’S EQUITY	9 Months Ended
	Mar. 31, 2023
Equity [Abstract]
STOCKHOLDER’S EQUITY	NOTE 11 STOCKHOLDER’S EQUITY As of March 31, 2023, the total number of authorized capital stock of the Company consisted of 60 0.001 500,000,000 0.001 TREASURY STOCK The balance of treasury stock as of March 31, 2023 was 484,767 44,170 COMMON STOCK During the quarter ended March 31, 2023, the Company issued the following amounts of Common Stock: 1,909,744,449 609,309,245 185,000,000 As of March 31, 2023, there were 36,349,939,124 PREFERRED STOCK CLASS B SERIES I PREFERRED STOCK As of March 31, 2023, there were 600,000

STOCK-BASED COMPENSATION PLAN

STOCK-BASED COMPENSATION PLAN	9 Months Ended
	Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION PLAN	NOTE 12 STOCK-BASED COMPENSATION PLAN 1. On February March 18, 2015, the Company adopted an Employee Benefit Plan to set aside 1,000,000 2. 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 6,520,000 seven years one year 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 Date Stock Options Exercise Price Fair Value at Issuance Tam Bui 9/23/2016 9/23/2023 875,000 Fixed price: $ 0.24 $ 219,464 Frank Hawkins 9/23/2016 9/23/2023 875,000 Fixed price: $ 0.24 $ 219,464 Henry Fahman 9/23/2016 9/23/2023 4,770,000 Fixed price: $ 0.24 $ 1,187,984 3. On September 9, 2022, the Company adopted the PHI Group 2022 Employee Benefit Plan and set aside 2,600,000,000 2,407,196,586

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Mar. 31, 2023
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 13 RELATED PARTY TRANSACTIONS As of March 31, 2023, the Company has recognized a total of $ 815,595 Henry Fahman, Chairman and Chief Executive Officer, and Tam Bui, a member of the Board of Directors and Chief Operating Officer, of the Company from time to time lend money to the Company. These loans are without interest and payable upon demand. As of March 31, 2023, the Company still owed the following amounts to Related Parties: SCHEDULE OF RELATED PARTIES No. Name: Title: Amount: Description: 1) Tam Bui Director/COO $ 300,000 Accrued salaries $ 663,350 Loans 2) Henry Fahman Chairman/CEO $ 221,796 Accrued salaries $ 381,860 Loans 3) Tina Phan Secretary/Treasurer $ 293,799 Accrued salaries

CONTRACTS AND COMMITMENTS

CONTRACTS AND COMMITMENTS	9 Months Ended
	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
CONTRACTS AND COMMITMENTS	NOTE 14 CONTRACTS AND COMMITMENTS 1. 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 49% 156,366.25 2. INVESTMENT AGREEMENTS AND MEMORANDUM OF UNDERSTANDING 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 has been working regularly with these investor groups and expects to begin receiving capital through these sources in the near future to support its acquisition and investment programs. 3. 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 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 On June 04, 2022 the Company incorporated Asia Diamond Exchange, Inc., a Wyoming corporation, ID number 2022-001010234, 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. The Company has submitted a request for 1,000 4. 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 5. 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 12,524,469 50.10 51,600,531 64,125,000 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 50.10 64,504,752 50.10 Whereas the scheduled closing date for the KOTA transaction already expired, the Company intends to renegotiate an revised agreement for acquisition when the Company successfully closes one or more of the pending financing and investment management agreements with certain lenders and investor groups. 6. 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 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. 7. 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 40 8. AGREEMENT WITH TIN THANH GROUP Effective August 13, 2022, the Company 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 22,032,000 51.00 60,000,000 The closing date of this transaction would be the date on which the closing actually occurs, which was last extended to March 15, 2023 based on the fifth amendment to the Stock Transfer Agreement signed by both parties on February 14, 2023. On March 20, 2023 Tin Thanh Group sent a notice to terminate this Stock Transfer Agreement. However, both companies have continued discussing and agreed to renegotiate an revised agreement whereby the Company will co-invest in Tin Thanh’s Smart-tire program in South Carolina, USA and cooperate in other the business activities in Vietnam and abroad when the Company successfully closes one or more of the pending financing and investment management agreements with certain lenders and investor groups. 9. 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 5,100,000 51.00 6,127,895 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. 10. 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. 11. ISSUANCES OF SHORT-TERM CONVERTIBLE NOTES On March 3, 2023, the Company issued a Convertible Promissory Note to 1800 55,000.00 8 22 0.001 61 On March 14, 2023, the Company issued a Convertible Promissory Note to Mast Hill Fund, L.P., a De a Delaware limited partnership, for $ 185,000.00 12 16 0.001 12. AGREEMENT FOR COMPREHENSIVE COOPERATION WITH DR. TRI VIET DO On February 10, 2023, the Company signed an agreement for comprehensive cooperation with Dr. Tri Viet Do, a German-trained expert in electromagnetic energy and quantum physics, to jointly cooperate in the development and commercialization of a number of key products using proprietary intellectual properties already developed by him. The scope of study and development includes: 1) Producing generators using electromagnetic and quantum fields extracted from the energy absorbed from the earth; 2) Producing engines (spaceships, airplanes, ships, cars, trains, motorcycles, etc.) powered by electromagnetic and quantum energy; 3) Machines to kill harmful bacteria and viruses, including covid-19 and variants; 4) Medicines to treat 25 types of infectious diseases and cancers using atomic nuclear energy, super-matter and antimatter; 5) Desalination of seawater, separating minerals, medicines and rare metals from sea water; 6) Environmental technology for treating and sterilizing wastewater to become clean water; 7) Waste treatment by automatic classification of wastes into various categories; 8) Clean agriculture with electromagnetic and quantum fields for use in farming; and 9) Aquatic poultry farming by treating the rearing environment with electromagnetic and quantum fields and providing food energy for poultry and aquatic products. 13. TERMINATION OF AGREEMENT FOR PARTICIPATION IN INFRASTRUCTURE FUND WITH On February 09, 2023, the Company sent a notice to Thanh Nam Long Construction Co., Ltd. (“TNLC”), a Vietnam limited company, with its main address at Lot C10-18, street No. 5, Tay Bac urban area, Vinh Quang Ward, Rach Gia City, Kien Giang Province, Vietnam, to terminate the Agreement for Participation in PHILUX Infrastructure Fund dated February 02, 2023 due to TNLC’s failure to fulfill its obligations as agreed in Article 2 of said Agreement. 14. Investment Commitment Agreement WITH Saigon Silicon City JSC On February 21, 2023, Philux Global Group Inc. (a/k/a PHI Group, Inc.) and its subsidiaries Philux Global Funds SCA, SICAV-RAIF and Philux Global Vietnam Investment and Development Company, Ltd., (collectively referred to as “the Investor”) signed an Investment Commitment Agreement with Saigon Silicon City Joint Stock Company (the “Company”) whereby the Investor is committed to providing or causing to be provided a total of five hundred million U.S. dollars (USD 500,000,000 According to the Investment Commitment Agreement, within thirty days of the signing of this Agreement, the Investor will provide or cause to be provided fifty million U.S. dollars (USD 50,000,000 50,000,000 500,000 4,500,000,000 Effective March 21, 2023, the Company and Saigon Silicon City JSC signed an amendment to amend Article 2 of the afore-mentioned Investment Commitment Agreement as follows: “Time frame. Due to additional administrative and legal requirements in connection with the Investor’s release of funds, within thirty days of the signing of this Amendment, the Investor will provide or cause to be provided fifty million U.S. dollars (USD 50,000,000 On April 21, 2023, both parties signed an amendment to extend the delivery of the first investment tranche to Saigon Silicon City JSC within forty-five days commencing April 21, 2023. 15. Termination of Agreement for Participation in Philux Global Real Estate Fund with AZ Holdings Joint Stock Company On March 24, 2023, the Company sent a notice to AZ Holdings Investment Joint Stock Company, a Vietnamese joint stock company (“AZHC”), with principal address at No. 36, Sub-alley 3, Alley 83, Nguyen Khang Street, Yen Hoa Ward, Cau Giay District, Hanoi, Vietnam, to terminate the Agreement for Participation in Philux Global Real Estate Fund dated July 18, 2022 due to AZHC’s failure to fulfill its obligations as agreed in Article 2 of said Agreement. 16. COMMON STOCK TO BE ISSUED During the quarter ended March 31, 2023 the Company recorded $ 396,000

GOING CONCERN UNCERTAINTY

GOING CONCERN UNCERTAINTY	9 Months Ended
	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GOING CONCERN UNCERTAINTY	NOTE 15 GOING CONCERN UNCERTAINTY As shown in the accompanying consolidated financial statements, the Company has accumulated deficit of $ 75,932,642 8,286,628 1,778,713 2,052,354

SUBSEQUENT EVENT

SUBSEQUENT EVENT	9 Months Ended
	Mar. 31, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENT	NOTE 16 SUBSEQUENT EVENT These financial statements were approved by management and available for issuance on or about May 22, 2023. Subsequent events have been evaluated through this date. ISSUANCE OF COMMON SHARES FOR CONVERSION OF PROMISSORY NOTE On April 24, 2023 the Company issued 709,353,966

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
PRINCIPLES OF CONSOLIDATION	PRINCIPLES OF CONSOLIDATION The consolidated financial statements include the accounts of PHI Group, Inc. (a/k/a Philux Global Group, Inc.) and its active wholly owned subsidiaries: (1) PHILUX Capital Advisors, Inc., a Wyoming corporation ( 100 100 100 100 100 100
INTERIM CONSOLIDATED FINANCIAL STATEMENTS	INTERIM CONSOLIDATED FINANCIAL STATEMENTS The accompanying unaudited interim consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. These statements should be read in conjunction with the audited financial statements for the year ended June 30, 2022. In the opinion of management, all adjustments consisting of normal reoccurring accruals have been made to the financial statements. The results of operation for the three and nine months ended March 31, 2023 are not necessarily indicative of the results to be expected for the fiscal year ending June 30, 2023.
USE OF ESTIMATES	USE OF ESTIMATES The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all liquid investments with a maturity of three months or less from the date of purchase that are readily convertible into cash to be cash equivalents.
MARKETABLE SECURITIES	MARKETABLE SECURITIES The Company’s securities are classified as available-for-sale and, as such, are carried at fair value. Securities classified as available-for-sale may be sold in response to changes in interest rates, liquidity needs, and for other purposes. Typically, each investment in marketable securities represents less than twenty percent ( 20 Unrealized holding gains and losses for available-for-sale securities are excluded from earnings and reported as a separate component of stockholder’s equity. Realized gains and losses for securities classified as available-for-sale are reported in earnings based upon the adjusted cost of the specific security sold. On March 31, 2023, the marketable securities were recorded at $ 420
FAIR VALUE OF FINANCIAL INSTRUMENTS	FAIR VALUE OF FINANCIAL INSTRUMENTS Fair Value - Definition and Hierarchy Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Assets and liabilities measured at fair value are categorized based on whether or not the inputs are observable in the market and the degree that the inputs are observable. The categorization of financial assets and liabilities within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. A fair value hierarchy for inputs is used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs are to be used when available. Valuation techniques that are consistent with the market or income approach are used to measure fair value. The fair value hierarchy is categorized into three levels based on the inputs as follows: Level Level Level 3 Fair value is a market-based measure, based on assumptions of prices and inputs considered from the perspective of a market participant that are current as of the measurement date, rather than an entity-specific measure. Therefore, even when market assumptions are not readily available, the Company’s own assumptions are set to reflect those that market participants would use in pricing the asset or liability at the measurement date. The availability of valuation techniques and observable inputs can vary from investment to investment and are affected by a wide variety of factors, including; type of investment, whether the investment is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the transaction. To the extent that valuation is based upon models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Because of the inherent uncertainty of valuation, those estimated values may be materially higher or lower than the values that would have been used had a ready market for the investments existed. Accordingly, the degree of judgment exercised by the Fund in determining fair value is greatest for investments categorized in Level 3. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level in the fair value hierarchy in which the fair value measurement falls in its entirety is determined based upon the lowest level input that is significant to the fair value measurement. Fair Value - Valuation Techniques and Inputs The Company holds and may invest public securities traded on public exchanges or over-the-counter (OTC), private securities, real estate, convertible securities, interest bearing securities and other types of securities and has adopted specific techniques for their respective valuations. Equity Securities in Public Companies Unrestricted The Company values investments in securities that are freely tradable and listed on major securities exchanges at their last reported sales price as of the valuation date. To the extent these securities are actively traded and valuation adjustments are not applied, they are categorized in Level 1 of the fair value hierarchy. Securities traded on inactive markets or valued by reference to similar instruments are generally categorized in Level 2 or 3 of the fair value hierarchy. Restricted Securities traded on public exchanges or over-the-counter (OTC) where there are formal restrictions that limit (i.e. Rule 144 holding periods and underwriter’s lock-ups) their sale shall be valued at the closing price on the date of valuation less applicable discounts. The Company may apply a discount to securities with Rule 144 restrictions. Additional discounts may be assessed if the Company believes there are other mitigating factors which warrant the additional discounting. When determining potential additional discounts, factors that will be taken into consideration include, but are not limited to; securities’ trading characteristics, volume, length and overall impact of the restriction as well as other macro-economic factors. Valuations should be discounted appropriately until the securities may be freely traded. If it has been determined that the exchange or OTC listed price does not accurately reflect fair market value, the Company may elect to treat the security as a private company and apply an alternative valuation method. Investments in restricted securities of public companies may be included in Level 2 of the fair value hierarchy. However, to the extent that significant inputs used to determine liquidity discounts are not observable, investments in restricted securities in public companies may be categorized in Level 3 of the fair value hierarchy. The Company’s financial instruments primarily consist of cash and cash equivalents, accounts receivable, marketable securities, short-term notes payable, convertible notes, derivative liability and accounts payable. As of the balance sheet dates, the estimated fair values of the financial instruments were not materially different from their carrying values as presented on the balance sheet. This is primarily attributed to the short maturities of these instruments. Effective July 1, 2008, the Company adopted ASC 820 (previously SFAS 157), Fair Value Measurements Assets measured at fair value on a recurring basis are summarized below. The Company also has convertible notes and derivative liabilities as disclosed in this report that are measured at fair value on a regular basis until paid off or exercised. Available-for-sale securities The Company uses various approaches to measure fair value of available-for-sale securities, while applying the three-level valuation hierarchy for disclosures, specified in ASC 820. Our Level 1 securities were measured using the quoted prices in active markets for identical assets and liabilities. The company’s policy regarding the transfers in and/or out of Level 3 depends on the trading activity of the security, the volatility of the security, and other observable units which clearly represents the fair value of the security. If a level 3 security can be measured using a more fairly represented fair value, we will transfer these securities either into Level 1 or Level 2, depending on the type of inputs.
ACCOUNTS RECEIVABLE	ACCOUNTS RECEIVABLE Management reviews the composition of accounts receivable and analyzes historical bad debts. As of March 31, 2023, the Company did not have any accounts receivable.
PROPERTIES AND EQUIPMENT	PROPERTIES AND EQUIPMENT Property and equipment are carried at cost less accumulated depreciation. Depreciation is provided using the straight-line method over the estimated useful life of the assets from three five years
REVENUE RECOGNITION STANDARDS	REVENUE RECOGNITION STANDARDS ASC 606-10 provides the following overview of how revenue is recognized from an entity’s contracts with customers: An entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Step 1: Identify the contract(s) with a customer. Step 2: Identify the performance obligations in the contract. Step 3: Determine the transaction price – The transaction price is the amount of consideration in a contract to which an entity expects to be entitled in exchange for transferring promised goods or services to a customer. Step 4: Allocate the transaction price to the performance obligations in the contract – Any entity typically allocates the transaction price to each performance obligation on the basis of the relative standalone selling prices of each distinct good or service promised in the contract. Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation – An entity recognizes revenue when (or as) it satisfies a performance obligation by transferring a promised good or service to a customer (which is when the customer obtains control of that good or service). The amount of revenue recognized is the amount allocated to the satisfied performance obligation. A performance obligation may be satisfied at a point in time (typically for promises to transfer goods to a customer) or over time (typically for promises to transfer service to a customer). For performance obligations satisfied over time, an entity recognizes revenue over time by selecting an appropriate method for measuring the entity’s progress toward complete satisfaction of that performance obligation. (Paragraphs 606-10 25-23 through 25-30). In addition, ASC 606-10 contains guidance on the disclosures related to revenue, and notes the following: It also includes a cohesive set of disclosure requirements that would result in an entity providing users of financial statements with comprehensive information about the nature, amount, timing, and uncertainty of revenue and cash flows arising from the entity’s contracts with customers. Specifically, Section 606-10-50 requires an entity to provide information about: - Revenue recognized from contracts with customers, including disaggregation of revenue into appropriate categories. - Contract balances, including the opening and closing balances of receivables, contract assets, and contract liabilities. - Performance obligations, including when the entity typically satisfies its performance obligations and the transaction prices is that is allocated to the remaining performance obligations in a contract. - Significant judgments, and changes in judgments, made in applying the requirements to those contracts. Additionally, Section 340-40-50 requires an entity to provide quantitative and/or qualitative information about assets recognized from the costs to obtain or fulfill a contract with a customer. The Company’s revenue recognition policies are in compliance with ASC 606-10. The Company recognizes consulting and advisory fee revenues in accordance with the above-mentioned guidelines and expenses are recognized in the period in which the corresponding liability is incurred.
STOCK-BASED COMPENSATION	STOCK-BASED COMPENSATION Effective July 1, 2006, the Company adopted ASC 718-10-25 (previously SFAS 123R) and accordingly has adopted the modified prospective application method. Under this method, ASC 718-10-25 is applied to new awards and to awards modified, repurchased, or cancelled after the effective date. Additionally, compensation cost for the portion of awards that are outstanding as of the date of adoption for which the requisite service has not been rendered (such as unvested options) is recognized over a period of time as the remaining requisite services are rendered.
RISKS AND UNCERTAINTIES	RISKS AND UNCERTAINTIES In the normal course of business, the Company is subject to certain risks and uncertainties. The Company provides its service and receives marketable securities upon execution of transactions. Consequently, the value of the securities received from customers can be affected by economic fluctuations and each customer’s business growth. The actual realized value of these securities could be significantly different than recorded value.
RECENT ACCOUNTING PRONOUNCEMENTS	RECENT ACCOUNTING PRONOUNCEMENTS 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, 2022, and early adoption is permitted for fiscal years beginning after December 15, 2020. This pronouncement should not affect the accounting for the Company’s debt instruments for the quarter ended March 31, 2023. Update No. 2018-13 – August 2018 Fair Value Measurement (Topic 820): Changes to the Disclosure Requirements for Fair Value Measurement Modifications: The following disclosure requirements were modified in Topic 820: 1. In lieu of a roll-forward for Level 3 fair value measurements, a non-public 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 non-public entities: 1. The changes in unrealized gains and losses for the period included in other comprehensive income for recurring Level 3 fair value measurements held at the end of the reporting period. 2. The range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements. For certain unobservable inputs, an entity may disclose other quantitative information (such as the median or arithmetic average) in lieu of the weighted average if the entity determines that other quantitative information would be a more reasonable and rational method to reflect the distribution of unobservable inputs used to develop Level 3 fair value measurements. The amendments in this Update are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Update No. 2018-07 – June 2018 Compensation – Stock Compensation (Topic 718) Improvements to Nonemployee Share-Based Payment Accounting Main Provisions: The amendments in this Update expand the scope of Topic 718 to include share-based payment transactions for acquiring goods and services from nonemployees. An entity should apply the requirements of Topic 718 to nonemployee awards except for specific guidance on inputs to an option pricing model and the attribution of cost (that is, the period of time over which share-based payment awards vest and the pattern of cost recognition over that period). The amendments specify that Topic 718 applies to all share-based payment transactions in which a grantor acquires goods or services to be used or consumed in a grantor’s own operations by issuing share-based payment awards. The amendments also clarify that Topic 718 does not apply to share-based payments used to effectively provide (1) financing to the issuer or (2) awards granted in conjunction with selling goods or services to customers as part of a contract accounted for under Topic 606, Revenue from Contracts with Customers. The amendments in this Update are effective for public business entities for fiscal years beginning after December 15, 2018, including interim periods within that fiscal year. Update No. 2017-13 - September 2017 Revenue Recognition (Topic 605), Revenue from Contracts with Customers (Topic 606) FASB Accounting Standards Updates No. 2014-09, Revenue from Contracts with Customers (Topic 606), issued in May 2014 and codified in ASC Topic 606, Revenue from Contracts with Customers, and No. 2016-02. The transition provisions in ASC Topic 606 require that a public business entity and certain other specified entities adopt ASC Topic 606 for annual reporting 3 periods beginning after December 15, 2017, including interim reporting periods within that reporting period. FN2 All other entities are required to adopt ASC Topic 606 for annual reporting periods beginning after December 15, 2018, and interim reporting periods within annual reporting periods beginning after December 15, 2019. Update No. 2016-10 - April 2016 Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing The core principle of the guidance in Topic 606 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps: 1. Identify the contract(s) with a customer. 2. Identify the performance obligations in the contract. 3. Determine the transaction price. 4. Allocate the transaction price to the performance obligations in the contract. 5. Recognize revenue when (or as) the entity satisfies a performance obligation. The amendments in this Update do not change the core principle of the guidance in Topic 606. Rather, the amendments in this Update clarify the following two aspects of Topic 606: identifying performance obligations and the licensing implementation guidance, while retaining the related principles for those areas. The Company has either evaluated or is currently evaluating the implications, if any, of each of these pronouncements and the possible impact they may have on the Company’s financial statements. In most cases, management has determined that the implementation of these pronouncements would not have a material impact on the financial statements taken as a whole.

MARKETABLE EQUITY SECURITIES _2

MARKETABLE EQUITY SECURITIES AVAILABLE FOR SALE (Tables)	9 Months Ended
	Mar. 31, 2023
Investments, Debt and Equity Securities [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 March 31, 2023 None $ 420 $ 0 $ 420 June 30, 2022 None $ 546 $ 0 $ 546

OTHER ASSETS (Tables)

OTHER ASSETS (Tables)	9 Months Ended
	Mar. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
SCHEDULE OF OTHER ASSETS	Other Assets comprise of the following as of March 31, 2023 and June 30, 2022 SCHEDULE OF OTHER ASSETS March 31, 2023 June 30, 2022 Investment in PHILUX Global Funds, SCA, SICAV-RAIF $ 32,601 $ 31,161 Investment in AQuarius Power, Inc. $ 5,000 $ 5,000 Total Other Assets $ 37,601 $ 36,161

CURRENT LIABILITIES (Tables)

CURRENT LIABILITIES (Tables)	9 Months Ended
	Mar. 31, 2023
Payables and Accruals [Abstract]
SCHEDULE OF CURRENT LIABILITIES	Current Liabilities of the Company consist of the followings as of March 31, 2023 and June 30, 2022. SCHEDULE OF CURRENT LIABILITIES Current Liabilities 31-Mar-23 30-Jun-22 Accounts payable $ 615,405 $ 615,805 Sub-fund obligations and commitments 1,683,459 1,574,775 Accrued expenses 1,261,565 931,417 Short-term loans and notes payable 1,044,461 676,888 Convertible Promissory Notes 572,500 756,250 Due to officers 1,045,210 1,077,218 Advances from customers 760,434 665,434 Derivative liabilities and Note Discount 1,623,460 715,677 Total Current Liabilities $ 8,606,494 $ 7,013,465

DUE TO OFFICERS (Tables)

DUE TO OFFICERS (Tables)	9 Months Ended
	Mar. 31, 2023
Due To Officers
SCHEDULE OF COMPONENTS OF DUE TO OFFICERS	SCHEDULE OF COMPONENTS OF DUE TO OFFICERS Officers/Directors Mar 31, 2023 Jun 30, 2022 Henry Fahman 360,089 $ 413,868 Tam Bui 663,350 $ 663,350 Total $ 1,045,210 $ 1,077,218 Duo to Officers $ 1,045,210 $ 1,077,218

STOCK-BASED COMPENSATION PLAN (

STOCK-BASED COMPENSATION PLAN (Tables)	9 Months Ended
	Mar. 31, 2023
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 % Vesting is based on a one-year cliff from grant date.
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 Date Stock Options Exercise Price Fair Value at Issuance Tam Bui 9/23/2016 9/23/2023 875,000 Fixed price: $ 0.24 $ 219,464 Frank Hawkins 9/23/2016 9/23/2023 875,000 Fixed price: $ 0.24 $ 219,464 Henry Fahman 9/23/2016 9/23/2023 4,770,000 Fixed price: $ 0.24 $ 1,187,984

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	9 Months Ended
	Mar. 31, 2023
Related Party Transactions [Abstract]
SCHEDULE OF RELATED PARTIES	As of March 31, 2023, the Company still owed the following amounts to Related Parties: SCHEDULE OF RELATED PARTIES No. Name: Title: Amount: Description: 1) Tam Bui Director/COO $ 300,000 Accrued salaries $ 663,350 Loans 2) Henry Fahman Chairman/CEO $ 221,796 Accrued salaries $ 381,860 Loans 3) Tina Phan Secretary/Treasurer $ 293,799 Accrued salaries

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	9 Months Ended
	Mar. 31, 2023	Jun. 30, 2022
Property, Plant and Equipment [Line Items]
Marketable securities	$ 420	$ 546
Minimum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful life	3 years
Maximum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful life	5 years
Common Stock [Member]
Property, Plant and Equipment [Line Items]
Outstanding stock, percentage	20%
PHILUX Capital Advisors, Inc [Member]
Property, Plant and Equipment [Line Items]
Ownership percentage	100%
PHI Luxembourg Development S.A. [Member]
Property, Plant and Equipment [Line Items]
Ownership percentage	100%
PHILUX Global Funds SCA, SICAV-RAIF [Member]
Property, Plant and Equipment [Line Items]
Ownership percentage	100%
PHILUX Global General Partners SA [Member]
Property, Plant and Equipment [Line Items]
Ownership percentage	100%
PHI Luxembourg Holding SA [Member]
Property, Plant and Equipment [Line Items]
Ownership percentage	100%
CO2-1-0 (carbon) Corp [Member]
Property, Plant and Equipment [Line Items]
Ownership percentage	100%

SCHEDULE OF FAIR VALUE OF INVES

SCHEDULE OF FAIR VALUE OF INVESTMENTS MARKETABLE EQUITY SECURITIES (Details) - USD ($)	Mar. 31, 2023	Jun. 30, 2022
Platform Operator, Crypto-Asset [Line Items]
Marketable securities	$ 420	$ 546
Fair Value, Inputs, Level 1 [Member]
Platform Operator, Crypto-Asset [Line Items]
Marketable securities	0	0
Fair Value, Inputs, Level 2 [Member]
Platform Operator, Crypto-Asset [Line Items]
Marketable securities	420	546
Fair Value, Inputs, Level 3 [Member]
Platform Operator, Crypto-Asset [Line Items]
Marketable securities	$ 0	$ 0

MARKETABLE EQUITY SECURITIES _3

MARKETABLE EQUITY SECURITIES AVAILABLE FOR SALE (Details Narrative) - USD ($)	3 Months Ended	9 Months Ended
	Mar. 31, 2023	Mar. 31, 2023	Jun. 30, 2022
Marketable Securities [Line Items]
Sale of stock	185,000,000
Marketable securities, fair value	$ 420	$ 420	$ 546
Myson Group, Inc., [Member] | OTC Markets [Member]
Marketable Securities [Line Items]
Sale of stock		91

SCHEDULE OF OTHER ASSETS (Detai

SCHEDULE OF OTHER ASSETS (Details) - USD ($)	Mar. 31, 2023	Jun. 30, 2022
Total Other Assets	$ 37,601	$ 36,161
PHILUX Global Funds [Member]
Total Other Assets	32,601	31,161
A Quarius Power, Inc [Member]
Total Other Assets	$ 5,000	$ 5,000

OTHER ASSETS (Details Narrative

OTHER ASSETS (Details Narrative)	3 Months Ended	9 Months Ended
	Mar. 31, 2023 USD ($) shares	Mar. 31, 2023 USD ($) shares	Mar. 31, 2023 EUR (€) shares
Shares issued, value | $	$ 185,000
PHI Luxembourg Development S.A. [Member]
Ownership interest	100%	100%	100%
PHI Luxembourg Holding SA [Member]
Ownership interest	100%	100%	100%
A Quarius Power, Inc [Member]
Investments | $	$ 5,000	$ 5,000
PHILUX Global Funds [Member]
Shares issued, value | $		$ 32,601
Value of shares held | €			€ 1,000
PHI Luxembourg Development S.A. [Member]
Number of shares held | shares	28	28	28
Value of shares held | €			€ 28,000
PHILUX Global General Partner SA [Member]
Value of shares held | €			€ 1,000

SCHEDULE OF CURRENT LIABILITIES

SCHEDULE OF CURRENT LIABILITIES (Details) - USD ($)	Mar. 31, 2023	Jun. 30, 2022
Payables and Accruals [Abstract]
Accounts payable	$ 615,405	$ 615,805
Sub-fund obligations and commitments	1,683,459	1,574,775
Accrued expenses	1,261,565	931,417
Short-term loans and notes payable	1,044,461	676,888
Convertible Promissory Notes	572,500	756,250
Due to officers	1,045,210	1,077,218
Advances from customers	760,434	665,434
Derivative liabilities and Note Discount	1,623,460	715,677
Total Current Liabilities	$ 8,606,494	$ 7,013,465

CURRENT LIABILITIES (Details Na

CURRENT LIABILITIES (Details Narrative) - USD ($)	9 Months Ended
	Mar. 31, 2023	Jun. 30, 2022
Short-Term Debt [Line Items]
Accrued expenses	$ 1,261,565	$ 931,417
Accrued salaries	943,842
Accrued interest	308,723
Short-term notes payable	814,348
Short-term loans and notes payable	1,044,461	676,888
Convertible notes payable	572,500	756,250
Advances from customers	660,434
Deposits	100,000
Sub - fund obligations	1,683,459	$ 1,574,775
commitment	96,840
PHILUX Global Funds [Member]
Short-Term Debt [Line Items]
Sub - fund obligations	1,586,619
PPP Loan [Member]
Short-Term Debt [Line Items]
Accrued interest	1,274
Short-term loans and notes payable	43,750
Convertible Promissory Notes [Member]
Short-Term Debt [Line Items]
Accrued interest	21,973
Convertible notes payable	572,500
Merchant Cash [Member]
Short-Term Debt [Line Items]
Convertible notes payable	$ 186,363

SCHEDULE OF COMPONENTS OF DUE T

SCHEDULE OF COMPONENTS OF DUE TO OFFICERS (Details) - USD ($)	Mar. 31, 2023	Jun. 30, 2022
Related Party Transaction [Line Items]
Duo to Officers	$ 1,045,210	$ 1,077,218
Henry Fahman [Member]
Related Party Transaction [Line Items]
Duo to Officers	360,089	413,868
Tam Bui [Member]
Related Party Transaction [Line Items]
Duo to Officers	$ 663,350	$ 663,350

DUE TO OFFICERS (Details Narrat

DUE TO OFFICERS (Details Narrative) - USD ($)	Mar. 31, 2023	Jun. 30, 2022
Due To Officers
Due to officers	$ 1,045,210	$ 1,077,218

LOANS AND PROMISSORY NOTES (Det

LOANS AND PROMISSORY NOTES (Details Narrative) - USD ($)	Mar. 31, 2023	Jun. 30, 2022
Short-Term Debt [Line Items]
Short-term notes payable	$ 814,348
Accrued interest	308,723
Short term loan and notes payable	1,044,461	$ 676,888
Convertible promissory notes	572,500	$ 756,250
Short-term Notes Payable [Member]
Short-Term Debt [Line Items]
Short-term notes payable	814,348
Accrued interest	284,475
PPP Loan [Member]
Short-Term Debt [Line Items]
Accrued interest	1,274
Short term loan and notes payable	43,750
Merchant Cash [Member]
Short-Term Debt [Line Items]
Convertible promissory notes	186,363
Convertible Promissory Notes [Member]
Short-Term Debt [Line Items]
Accrued interest	21,973
Convertible promissory notes	$ 572,500

PAYROLL TAX LIABILITIES (Detail

PAYROLL TAX LIABILITIES (Details Narrative)	Mar. 31, 2023 USD ($)
Payroll Tax Liabilities
Payroll tax liabilities	$ 5,747

STOCKHOLDER_S EQUITY (Details N

STOCKHOLDER’S EQUITY (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2023	Jun. 30, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Common stock shares authorized	60,000,000,000	60,000,000,000
Common stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	500,000,000	500,000,000
Preferred stock, par value	$ 0.001	$ 0.001
Treasury stock, shares	484,767
Treasury stock, value	$ 44,170	$ 44,170
Stock issued for coversion of convertible debts	$ 1,909,744,449
Number of shares issued for service	609,309,245
Number of new shares issued	185,000,000
Common stock, shares issued	36,349,939,124	31,429,380,453
Common stock, shares outstanding	36,349,939,124	31,429,380,453
Class B Series I Preferred Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Preferred stock, shares issued	600,000
Preferred stock, shares outstanding	600,000

SCHEDULE OF FAIR VALUE OF STOCK

SCHEDULE OF FAIR VALUE OF STOCK OPTION ASSUMPTIONS (Details)	9 Months Ended
	Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]
Risk-free interest rate	1.18%
Expected life	7 years
Expected volatility	239.30%

SCHEDULE OF FAIR VALUE OF STO_2

SCHEDULE OF FAIR VALUE OF STOCK OPTION ISSUANCE DATE (Details)	9 Months Ended
	Mar. 31, 2023 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
Stock Options, Maturity Date	Sep. 23, 2023
Stock Options Shares | shares	875,000
Stock Options Exercise Price | $ / shares	$ 0.24
Fair Value at Issuance of Stock Option | $	$ 219,464
Frank Hawkins [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Stock Options, Issue Date	Sep. 23, 2016
Stock Options, Maturity Date	Sep. 23, 2023
Stock Options Shares | shares	875,000
Stock Options Exercise Price | $ / shares	$ 0.24
Fair Value at Issuance of Stock Option | $	$ 219,464
Henry Fahman [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Stock Options, Issue Date	Sep. 23, 2016
Stock Options, Maturity Date	Sep. 23, 2023
Stock Options Shares | shares	4,770,000
Stock Options Exercise Price | $ / shares	$ 0.24
Fair Value at Issuance of Stock Option | $	$ 1,187,984

STOCK-BASED COMPENSATION PLAN_2

STOCK-BASED COMPENSATION PLAN (Details Narrative) - $ / shares			3 Months Ended	9 Months Ended
	Sep. 09, 2021	Sep. 23, 2016	Mar. 31, 2023	Mar. 31, 2023	Mar. 18, 2015
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Employee benefit plan shares of common stock for eligible employees					1,000,000
Number of shares issued for services			609,309,245
2021 Employee Benefit Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares issued for employee benefit plan	2,600,000,000
Number of shares issued for services				2,407,196,586
Henry Fahman [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Option grant date exercise price per share		$ 0.24
Number of option shares		6,520,000
Number of options outstanding term		7 years
Number of options exercisable term		1 year

SCHEDULE OF RELATED PARTIES (De

SCHEDULE OF RELATED PARTIES (Details)	Mar. 31, 2023 USD ($)
Tam Bui [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Accrued salaries	$ 300,000
Loans	663,350
Henry Fahman [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Accrued salaries	221,796
Loans	381,860
Tina Phan [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Accrued salaries	$ 293,799

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative)	Mar. 31, 2023 USD ($)
President, Chief Operating Officer and Secretary [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Accrued salaries	$ 815,595

CONTRACTS AND COMMITMENTS (Deta

CONTRACTS AND COMMITMENTS (Details Narrative)

1 Months Ended

3 Months Ended

9 Months Ended

Mar. 21, 2023 USD ($)

Mar. 03, 2023 USD ($) $ / shares shares

Feb. 21, 2023 USD ($)

Aug. 16, 2022 USD ($) shares

Aug. 13, 2022 USD ($) shares

Jun. 30, 2022 USD ($)

Mar. 31, 2023 USD ($) ha

Mar. 31, 2023 USD ($) ha

Mar. 14, 2023 USD ($) $ / shares

Aug. 03, 2022 USD ($)

Jul. 08, 2022 USD ($)

Jan. 26, 2022 USD ($)

Jan. 18, 2022

Aug. 10, 2020 USD ($)

Annual revenues

$ 5,500,000,000

Stock issued during period value new issues

$ 185,000

Convertible Promissory Notes

756,250

572,500

$ 572,500

Administrative and legal requirements fees

660,434

Common stock to be issued

396,000

396,000

Share-Based Payment Arrangement, Tranche One [Member]

Additional investments

$ 50,000,000

Investor [Member]

Additional investments

50,000,000

Common Stock [Member]

Stock issued during period value new issues

$ 185,000

Convertible Promissory Note [Member]

Debt instrument interest rate stated percentage

61%

Purchase and Sales Agreement [Member]

Business acquisition transaction costs

$ 64,125,000

Purchase and Sale [Member]

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.

PHILUX Global Funds [Member]

Stock issued during period value new issues

$ 32,601

PHILUX Global Funds [Member] | March 2018 [Member] | Quang Nam Provincial Government [Member]

Area of land | ha

200

200

PHILUX Global Funds [Member] | December 2020 [Member]

Area of land | ha

1,000

1,000

Kota Energy Group LLC [Member] | Purchase and Sales Agreement [Member]

Business acquisition transaction costs

$ 15,655,248

12,524,469

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

Business acquisition transaction costs

$ 64,504,752

$ 51,600,531

Gulf Cooperation Council [Member] | Partnership Agreement [Member]

Investment owned at fair value

$ 3,000,000,000

Investment owned percent of net assets

40%

Diagonal Lending LLC [Member] | Convertible Promissory Note [Member]

Debt conversion converted instrument shares issued | shares

1,800

Virginia Limited Liability [Member] | Convertible Promissory Note [Member]

Convertible Promissory Notes

$ 55,000

Debt instrument interest rate stated percentage

8%

Debt instrument interest rate effective percentage

22%

Debt instrument convertible conversion price | $ / shares

$ 0.001

Mast Hill Fund LP [Member] | Common Stock [Member]

Debt instrument convertible conversion price | $ / shares

$ 0.001

Mast Hill Fund LP [Member] | Convertible Promissory Note [Member]

Debt instrument interest rate stated percentage

12%

Notes payable, current

$ 185,000

Mast Hill Fund LP [Member] | Convertible Promissory Note [Member] | Maximum [Member]

Debt instrument interest rate effective percentage

16%

Saigon Silicon City Joint Stock [Member]

Additional investments

500,000,000

Administrative and legal requirements fees

$ 50,000,000

$ 500,000

Financing commitments

$ 4,500,000,000

$ 4,500,000,000

Tecco Group [Member]

Investment ownership percentage

49%

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

Investment ownership percentage

70%

Purchase and Sales Agreement [Member] | Kota Energy Group LLC [Member]

Investment ownership percentage

50.10%

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

Investment ownership percentage

50.10%

Kota Energy Group LLC [Member] | Purchase and Sales Agreement [Member]

Investment ownership percentage

50.10%

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

Investment ownership percentage

50.10%

Mr Tran Dinh Quyen [Member] | Stock Transfer Agreement [Member]

Investment ownership percentage

51%

Number of shares acquired | shares

22,032,000

Stock issued during period value new issues

$ 60,000,000

Van Phat Dat Joint Stock [Member] | Purchase and Sales Agreement [Member]

Investment ownership percentage

51%

Number of shares acquired | shares

5,100,000

Stock issued during period value new issues

$ 6,127,895

Tecco Group [Member]

Contributed amount

$ 156,366.25

$ 156,366.25

$ 2,000,000

GOING CONCERN UNCERTAINTY (Deta

GOING CONCERN UNCERTAINTY (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accumulated deficit	$ 75,932,642		$ 75,932,642			$ 71,717,973
Stockhlders equity	8,286,628		8,286,628		$ (6,881,906)	$ 6,543,502
Net loss	$ 1,778,713	$ 2,052,354	$ 4,216,669	$ 18,604,163

SUBSEQUENT EVENT (Details Narra

SUBSEQUENT EVENT (Details Narrative)	Apr. 24, 2023 shares
Subsequent Event [Member] | Mast Hill Fund LP [Member]
Subsequent Event [Line Items]
Common stock for conversion of convertible promissory note	709,353,966