Philux Global (PHIL) 10-K 13 Oct 23 2023 FY Annual report Financial data

Cover

Cover - shares	12 Months Ended
	Jun. 30, 2023	Oct. 13, 2023
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2023
Document Fiscal Period Focus	FY
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	465-4365
Title of 12(b) Security	Common Stock
Trading Symbol	PHIL
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	No
Entity Interactive Data Current	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		42,705,215,171
Document Financial Statement Error Correction [Flag]	false
Auditor Firm ID	6662
Auditor Name	M.S. Madhava Rao
Auditor Location	Bengaluru, India

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Jun. 30, 2023	Jun. 30, 2022
Current Assets
Cash and cash equivalents	$ 19,765	$ 67,896
Marketable securities	420	546
Other current assets	241,426	365,360
Total current assets	261,611	433,802
Other assets:
Investments	32,604	36,161
Total Assets	294,215	469,963
Current Liabilities
Accounts payable	616,245	615,805
Sub-fund obligations	1,624,775	1,574,775
Accrued expenses	1,485,310	931,417
Short-term loans and notes payable	1,164,685	676,888
Convertible Promissory Notes	297,805	756,250
Due to officers	1,027,782	1,077,218
Advances from customers	1,079,038	665,434
Derivative liabilities and Note Discount	1,220,576	715,677
Total Liabilities	8,516,217	7,013,465
Stockholders’ deficit:
Total Preferred Stock	2,440	2,440
Common stock, $0.001 par value; 60 billion shares authorized; 39,414,493,275 shares issued and outstanding on 06/30/2023; 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:	39,414,493	31,429,381
APIC - Common Stock	32,773,102	34,394,912
Common Stock to be issued	22,500
Common Stock to be cancelled	(35,500)	(35,500)
Treasury stock: 484,767 shares as of 6/30/23 and 6/30/22, respectively - cost method.	(44,170)	(44,170)
Accumulated deficit	(77,319,372)	(71,717,973)
Total Acc. Other Comprehensive Income (Loss)	(3,035,495)	(572,591)
Total stockholders’ deficit	(8,222,002)	(6,543,502)
Total liabilities and stockholders’ deficit	294,215	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 of Class B Series I issued and outstanding as of 06/30/2023 and 06/30/2022 respectively. Par value:	600	600
APIC - Class B Series I	$ 1,840	$ 1,840

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	12 Months Ended
	Jun. 30, 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	39,414,493,275	31,429,380,453
Common stock, shares outstanding	39,414,493,275	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, par value	$ 0.001
Preferred stock, shares authorized	1,000,000
Preferred stock, shares issued	600,000	600,000
Preferred stock, shares outstanding	600,000	600,000

Consolidated Statement of Opera

Consolidated Statement of Operations - USD ($)	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Net revenues
Consulting, advisory and management services	$ 25,000	$ 30,000
Revenue, Product and Service [Extensible Enumeration]	Investment Advisory, Management and Administrative Service [Member]	Investment Advisory, Management and Administrative Service [Member]
Total revenues	$ 25,000	$ 30,000
Operating expenses:
Salaries and wages	360,000	360,000
Professional services, including non-cash compensation	95,242	15,347,903
Asia Diamond Exchange development costs	464,848	1,018,651
General and administrative	105,533	203,374
Total operating expenses	1,025,623	16,929,928
Income (loss) from operations	(1,000,623)	(16,899,928)
Other income and expenses
Other income	488	1,118,195
Interest expense	(934,872)	(1,592,557)
Other expenses	(3,674,139)	(3,780,153)
Net other income (expenses)	(4,608,523)	(4,254,515)
Net income (loss)	$ (5,609,146)	$ (21,154,443)
Net loss per share:
Basic	$ 0	$ 0
Diluted	$ 0	$ 0
Weighted average number of shares outstanding:
Basic	34,455,935,655	28,448,615,941
Diluted	34,455,935,655	28,448,615,941

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash flows from operating activities:
Net income (loss) from operations	$ (5,609,146)	$ (21,154,443)
Mark-to-market adjustments	(2,455,157)	(659,514)
Net change due to non-cash issuance of stock	4,845,007	20,404,740
Fund in transit	9,500
(Increase) decrease in assets and prepaid expenses
Marketable securities	126	384,911
Total deferred financing costs	114,434	(355,860)
Total (increase) decrease in assets and prepaid expenses	114,560	29,051
Increase (decrease) in accounts payable and accrued expenses
Accounts payable	440	7,284
Sub-fund obligations	50,000	90,500
Accrued expenses	553,893	(1,062,061)
Advances from customers and client deposits	413,604	83,197
Derivative liabilities	504,899	715,677
Total increase (decrease) in accounts payable and accrued expenses	1,522,836	(165,404)
Net cash provided by (used in) operating activities	(1,572,400)	(1,545,570)
Cash flows from investing activities:
Net cash provided by (used in) investing activities	3,557	410,834
Cash flows from financing activities:
Loans from Directors/Officers	(49,435)
Notes payable	29,352	1,087,288
Common Stock	1,540,795	20,000
Net cash provided by (used in) financing activities	1,520,712	1,107,288
Net decrease in cash and cash equivalents	(48,131)	(27,448)
Cash and cash equivalents, beginning of period	67,896	95,344
Cash and cash equivalents, end of period	$ 17,765	$ 67,896

Statement of Stockholders' Equi

Statement of Stockholders' Equity (Deficit) - 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)	$ 0	$ (572,591)	$ (71,717,973)	$ (6,543,502)
Balance, shares at Jun. 30, 2022	31,429,380,289		600,000		(484,767)					31,429,380,289
Common Shares issued for conversions of promissory notes	$ 392,097	(158,483)								$ 233,614
Common Shares issued for conversions of promissory notes, 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)
Common Shares issued for conversions of promissory notes	$ 1,909,744	(333,569)								1,576,175
Common Shares issued for conversions of promissory notes, shares	1,909,744,449
Common Shares issued for cash	$ 609,309	15,556								624,865
Common Shares issued for cash, shares	609,309,245
Common Shares issued for contractual obligation	$ 185,000									185,000
Common Shares issued for contractual obligation, shares	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)
Common Shares issued for cash	$ 1,495,584	(576,187)								919,397
Common Shares issued for cash, shares	1,495,583,852
Common Shares issued for conversion of notes	$ 1,568,970	(594,093)								974,877
Common Shares issued for conversions of notes, shares	1,568,970,299
Balance at Jun. 30, 2023	$ 39,414,494	$ 32,773,097	$ 600	$ 1,840	$ (44,170)	$ (35,000)	$ 22,500	$ (3,035,495)	$ (77,319,372)	$ (8,222,002)
Balance, shares at Jun. 30, 2023	39,414,493,275		60,000		(484,767)					39,414,493,275

NATURE OF BUSINESS

NATURE OF BUSINESS	12 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NATURE OF BUSINESS	NOTE 1 NATURE OF BUSINESS PHI Group, Inc. (n/k/a Philux Global Group Inc) (the “Company” or “PHI”) ( www.philuxglobal.com ) BACKGROUND Originally incorporated on June 8, 1982 as JR Consulting, Inc., a Nevada corporation, the Company applied for a Certificate of Domestication and filed Articles of Domestication to become a Wyoming corporation on September 20, 2017. In the beginning, the Company was foremost engaged in mergers and acquisitions and had an operating subsidiary, Diva Entertainment, Inc., which operated two modeling agencies, one in New York and one in California. In January 2000, the Company changed its name to Providential Securities, Inc., a Nevada corporation, following a business combination with Providential Securities, Inc., a California-based financial services company. In February 2000, the Company then changed its name to Providential Holdings, Inc. In October 2000, Providential Securities withdrew its securities brokerage membership and ceased its financial services business. Subsequently, in April 2009, the Company changed its name to PHI Group, Inc. From October 2000 to October 2011, the Company and its subsidiaries were engaged in various transactions in connection with mergers and acquisitions advisory and consulting services, real estate and hospitality development, mining, oil and gas, telecommunications, technology, healthcare, private equity, and special situations. In October 2011, the Company discontinued the operations of Providential Vietnam Ltd., Philand Ranch Limited, a United Kingdom corporation (together with its subsidiaries Philand Ranch - Singapore, Philand Corporation - US, and Philand Vietnam Ltd. - Vietnam), PHI Gold Corporation (formerly PHI Mining Corporation, a Nevada corporation), and PHI Energy Corporation (a Nevada corporation), and mainly focused on acquisition and development opportunities in energy and natural resource businesses. The Company is currently focused on Philux Global Funds, SCA, SICAV-RAIF by launching Philux Global Select Growth Fund and potentially other sub-funds for investment in real estate, renewable energy, infrastructure, agriculture, healthcare and the Asia Diamond Exchange and International Financial Center 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 www.sseglobalgroup.com

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Jun. 30, 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 (1) PHI Group, Inc., its subsidiaries including (2) PHILUX Global Funds SCA, SICAV-RAIF, a Luxembourg bank fund designed to hold a number of subfund compartments for investing in various selective industries, (3) PHI Luxembourg Development S.A., the mother holding company for PHILUX Global Funds, (4) PHI Luxembourg Holding S.A., (5) PHILUX Global General Partner S.A., (6) Asia Diamond Exchange, Inc., a Wyoming corporation ( 100 100 USE OF ESTIMATES The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. CASH AND CASH EQUIVALENTS The Company considers all liquid investments with a maturity of three months or less from the date of purchase that are readily convertible into cash to be cash equivalents. MARKETABLE SECURITIES The Company’s securities are classified as available-for-sale and, as such, are carried at fair value. Securities classified as available-for-sale may be sold in response to changes in interest rates, liquidity needs, and for other purposes. Each investment in marketable securities typically represents less than twenty percent ( 20 Unrealized holding gains and losses for available-for-sale securities are excluded from earnings and reported as a separate component of stockholder’s equity. Realized gains and losses for securities classified as available-for-sale are reported in earnings based upon the adjusted cost of the specific security sold. On June 30, 2023 and 2022 the marketable securities have been recorded at $ 420 546 ACCOUNTS RECEIVABLE Management reviews the composition of accounts receivable and analyzes historical bad debts. There was no account receivable or bad debt during the fiscal ended June 30, 2023. IMPAIRMENT OF LONG-LIVED ASSETS Effective January 1, 2002, the Company adopted ASC 350 (Previously SFAS 144, “Accounting for the Impairment or Disposal of Long-Lived Assets”), which addresses financial accounting and reporting for the impairment or disposal of long-lived assets and supersedes SFAS No. 121, “Accounting for the Impairment of Long-Lived Assets and for Long-Lived Assets to be Disposed Of,” and the accounting and reporting provisions of APB Opinion No. 30, “Reporting the Results of Operations for a Disposal of a Segment of a Business.” The Company periodically evaluates the carrying value of long-lived assets to be held and used in accordance with ASC 350. ASC 350 requires impairment losses to be recorded on long-lived assets used in operations when indicators of impairment are present and the undiscounted cash flows estimated to be generated by those assets are less than the assets’ carrying amounts. In that event, a loss is recognized based on the amount by which the carrying amount exceeds the fair market value of the long-lived assets. Loss on long-lived assets to be disposed of is determined in a similar manner, except that fair market values are reduced for the cost of disposal. PROPERTY AND EQUIPMENT Property and equipment are stated at cost. Maintenance and repair costs are charged to expense as incurred; costs of major additions and betterments are capitalized. When property and equipment are sold or otherwise disposed of, the cost and related accumulated depreciation are eliminated from the accounts and any resulting gain or loss is reflected in income. Depreciation is computed using the straight-line method over the estimated useful lives of the assets, ranging from three to ten years. DEPRECIATION AND AMORTIZATION The cost of property and equipment is depreciated over the estimated useful lives of the related assets. Depreciation and amortization of fixed assets are computed on a straight-line basis. NET EARNINGS (LOSS) PER SHARE The Company adopted the provisions of ASC 260 (previously SFAS 128). ASC 260 eliminates the presentation of primary and fully diluted earnings per share (“EPS”) and requires presentation of basic and diluted EPS. Basic EPS is computed by dividing income (loss) available to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted EPS is based on the weighted-average number of shares of common stock outstanding for the period and common stock equivalents outstanding at the end of the period. The net earnings (loss) per share is computed as follows: SCHEDULE OF NET EARNINGS (LOSS) PER SHARE Basic and diluted loss per share: 2023 2022 Numerator: Net income (loss): $ (5,609,146 ) $ (21,154,443 ) Denominator: Basic weighted average number of common shares outstanding: 34,455,935,655 28,448,615,941 Basic net income per share (0.00 ) (0.00 ) Diluted weighted average number of common shares outstanding: 34,455,935,655 28,448,615,941 Diluted net income (loss) per share: $ (0.00 ) $ (0.00 ) STOCK-BASED COMPENSATION Effective July 1, 2006, the Company adopted ASC 718-10-25 (previously SFAS 123R) and accordingly has adopted the modified prospective application method. Under this method, ASC 718-10-25 is applied to new awards and to awards modified, repurchased, or cancelled after the effective date. Additionally, compensation cost for the portion of awards that are outstanding as of the date of adoption for which the requisite service has not been rendered (such as unvested options) is recognized over a period of time as the remaining requisite services are rendered. FAIR VALUE OF FINANCIAL INSTRUMENTS Fair Value - Definition and Hierarchy Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Assets and liabilities measured at fair value are categorized based on whether or not the inputs are observable in the market and the degree that the inputs are observable. The categorization of financial assets and liabilities within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. A fair value hierarchy for inputs is used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs are to be used when available. Valuation techniques that are consistent with the market or income approach are used to measure fair value. The fair value hierarchy is categorized into three levels based on the inputs as follows: Level Level Level 3 Fair value is a market-based measure, based on assumptions of prices and inputs considered from the perspective of a market participant that are current as of the measurement date, rather than an entity-specific measure. Therefore, even when market assumptions are not readily available, the Company’s own assumptions are set to reflect those that market participants would use in pricing the asset or liability at the measurement date. The availability of valuation techniques and observable inputs can vary from investment to investment and are affected by a wide variety of factors, including; type of investment, whether the investment is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the transaction. To the extent that valuation is based upon models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Because of the inherent uncertainty of valuation, those estimated values may be materially higher or lower than the values that would have been used had a ready market for the investments existed. Accordingly, the degree of judgment exercised by the Fund in determining fair value is greatest for investments categorized in Level 3. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level in the fair value hierarchy in which the fair value measurement falls in its entirety is determined based upon the lowest level input that is significant to the fair value measurement. Fair Value - Valuation Techniques and Inputs The Company holds and may invest public securities traded on public exchanges or over-the-counter (OTC), private securities, real estate, convertible securities, interest bearing securities and other types of securities and has adopted specific techniques for their respective valuations. Equity Securities in Public Companies Unrestricted The Company values investments in securities that are freely tradable and listed on major securities exchanges at their last reported sales price as of the valuation date. To the extent these securities are actively traded and valuation adjustments are not applied, they are categorized in Level 1 of the fair value hierarchy. Securities traded on inactive markets or valued by reference to similar instruments are generally categorized in Level 2 or 3 of the fair value hierarchy. Restricted Securities traded on public exchanges or over-the-counter (OTC) where there are formal restrictions that limit (i.e. Rule 144 holding periods and underwriter’s lock-ups) their sale shall be valued at the closing price on the date of valuation less applicable discounts. The Company may apply a discount to securities with Rule 144 restrictions. Additional discounts may be assessed if the Company believes there are other mitigating factors which warrant the additional discounting. When determining potential additional discounts, factors that will be taken into consideration include, but are not limited to; securities’ trading characteristics, volume, length and overall impact of the restriction as well as other macro-economic factors. Valuations should be discounted appropriately until the securities may be freely traded. If it has been determined that the exchange or OTC listed price does not accurately reflect fair market value, the Company may elect to treat the security as a private company and apply an alternative valuation method. Investments in restricted securities of public companies may be included in Level 2 of the fair value hierarchy. However, to the extent that significant inputs used to determine liquidity discounts are not observable, investments in restricted securities in public companies may be categorized in Level 3 of the fair value hierarchy. The Company’s financial instruments primarily consist of cash and cash equivalents, accounts receivable, marketable securities, short-term notes payable, convertible notes, derivative liability and accounts payable. As of the balance sheet dates, the estimated fair values of the financial instruments were not materially different from their carrying values as presented on the balance sheet. This is primarily attributed to the short maturities of these instruments. Effective July 1, 2008, the Company adopted ASC 820 (previously SFAS 157), Fair Value Measurements Assets measured at fair value on a recurring basis are summarized below. The Company also has convertible notes and derivative liabilities as disclosed in this report that are measured at fair value on a regular basis until paid off or exercised. The Company uses various approaches to measure fair value of available-for-sale securities, while applying the three-level valuation hierarchy for disclosures, specified in ASC 820. Our Level 1 securities were measured using the quoted prices in active markets for identical assets and liabilities. The company’s policy regarding the transfers in and/or out of Level 3 depends on the trading activity of the security, the volatility of the security, and other observable units which clearly represents the fair value of the security. If a level 3 security can be measured using a more fairly represented fair value, we will transfer these securities either into Level 1 or Level 2, depending on the type of inputs. REVENUE RECOGNITION STANDARDS ASC 606-10 provides the following overview of how revenue is recognized from an entity’s contracts with customers: An entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Step 1: Identify the contract(s) with a customer. Step 2: Identify the performance obligations in the contract. Step 3: Determine the transaction price – The transaction price is the amount of consideration in a contract to which an entity expects to be entitled in exchange for transferring promised goods or services to a customer. Step 4: Allocate the transaction price to the performance obligations in the contract – Any entity typically allocates the transaction price to each performance obligation on the basis of the relative standalone selling prices of each distinct good or service promised in the contract. Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation – An entity recognizes revenue when (or as) it satisfies a performance obligation by transferring a promised good or service to a customer (which is when the customer obtains control of that good or service). The amount of revenue recognized is the amount allocated to the satisfied performance obligation. A performance obligation may be satisfied at a point in time (typically for promises to transfer goods to a customer) or over time (typically for promises to transfer service to a customer). For performance obligations satisfied over time, an entity recognizes revenue over time by selecting an appropriate method for measuring the entity’s progress toward complete satisfaction of that performance obligation. (Paragraphs 606-10 25-23 through 25-30). In addition, ASC 606-10 contains guidance on the disclosures related to revenue, and notes the following: It also includes a cohesive set of disclosure requirements that would result in an entity providing users of financial statements with comprehensive information about the nature, amount, timing, and uncertainty of revenue and cash flows arising from the entity’s contracts with customers. Specifically, Section 606-10-50 requires an entity to provide information about: - Revenue recognized from contracts with customers, including disaggregation of revenue into appropriate categories. - Contract balances, including the opening and closing balances of receivables, contract assets, and contract liabilities. - Performance obligations, including when the entity typically satisfies its performance obligations and the transaction prices is that is allocated to the remaining performance obligations in a contract. - Significant judgments, and changes in judgments, made in applying the requirements to those contracts. Additionally, Section 340-40-50 requires an entity to provide quantitative and/or qualitative information about assets recognized from the costs to obtain or fulfill a contract with a customer. The Company’s revenue recognition policies are in compliance with ASC 606-10. The Company recognizes consulting and advisory fee revenues in accordance with the above-mentioned guidelines and expenses are recognized in the period in which the corresponding liability is incurred. ADVERTISING The Company expenses advertising costs as incurred. Advertising costs for the years ended June 30, 2023 and 2022 were $ 500 8,700 COMPREHENSIVE INCOME (LOSS) ASC 220-10-45 (previously SFAS 130, Reporting Comprehensive Income) establishes standards for reporting and display of comprehensive income, its components and accumulated balances. Comprehensive income is defined to include all changes in equity, except those resulting from investments by owners and distributions to owners. Among other disclosures, SFAS No. 130 requires that all items that are required to be recognized under current accounting standards as components of comprehensive income be reported in a financial statement that is displayed with the same prominence as other financial statements. As of June 30, 2023 and 2022, respectively, accumulated other comprehensive income (loss) of $( 3,035,495 572,591 INCOME TAXES The Company accounts for income taxes in accordance with ASC 740 (previously SFAS No. 109, “Accounting for Income Taxes”). Deferred taxes are provided on the liability method whereby deferred tax assets are recognized for deductible temporary differences, and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. REPORTING OF SEGMENTS ASC 280 (previously Statement of Financial Accounting Standards No. 131, Disclosures about Segments of an Enterprise and Related Information), which supersedes Statement of Financial Accounting Standards No. 14, Financial Reporting for Segments of a Business Enterprise, establishes standards for the way that public enterprises report information about operating segments in annual financial statements and requires reporting of selected information about operating segments in interim financial statements regarding products and services, geographic areas and major customers. ASC 280 defines operating segments as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance. The Company operated in one revenue-generating segment during the years ended June 30, 2023 and June 30, 2022. RISKS AND UNCERTAINTIES In the normal course of business, the Company is subject to certain risks and uncertainties. The Company provides its service and receives marketable securities upon execution of transactions. Consequently, the value of the securities received from customers can be affected by economic fluctuations and each customer’s business growth. The actual realized value of these securities could be significantly different than recorded value. RECENT ACCOUNTING PRONOUNCEMENTS In August 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2020-06-Debt-Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging-Contracts in Entity’s Own Equity (Subtopic 815-40)-Accounting For Convertible Instruments and Contracts in an Entity’s Own Equity. The ASU simplifies accounting for convertible instruments by removing major separation models required under current GAAP. Consequently, more convertible debt instruments will be reported as a single liability instrument with no separate accounting for embedded conversion features. The ASU removes certain settlement conditions that are required for equity contracts to qualify for the derivative scope exception, which will permit more equity contracts to qualify for it. The ASU also simplifies the diluted net income per share calculation in certain areas. The new guidance is effective for annual and interim periods beginning after December 15, 2021, and early adoption is permitted for fiscal years beginning after December 15, 2020. Update No. 2018-13 – August 2018 Fair Value Measurement (Topic 820): Changes to the Disclosure Requirements for Fair Value Measurement Modifications: The following disclosure requirements were modified in Topic 820: 1. In lieu of a roll-forward for Level 3 fair value measurements, a nonpublic entity is required to disclose transfers into and out of Level 3 of the fair value hierarchy and purchases and issues of Level 3 assets and liabilities. 2. For investments in certain entities that calculate net asset value, an entity is required to disclose the timing of liquidation of an investee’s assets and the date when restrictions from redemption might lapse only if the investee has communicated the timing to the entity or announced the timing publicly. 3. The amendments clarify that the measurement uncertainty disclosure is to communicate information about the uncertainty in measurement as of the reporting date. Additions: The following disclosure requirements were added to Topic 820; however, the disclosures are not required for nonpublic entities: 1. The changes in unrealized gains and losses for the period included in other comprehensive income for recurring Level 3 fair value measurements held at the end of the reporting period. 2. The range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements. For certain unobservable inputs, an entity may disclose other quantitative information (such as the median or arithmetic average) in lieu of the weighted average if the entity determines that other quantitative information would be a more reasonable and rational method to reflect the distribution of unobservable inputs used to develop Level 3 fair value measurements. The amendments in this Update are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Update No. 2018-07 – June 2018 Compensation – Stock Compensation (Topic 718) Improvements to Nonemployee Share-Based Payment Accounting Main Provisions: The amendments in this Update expand the scope of Topic 718 to include share-based payment transactions for acquiring goods and services from nonemployees. An entity should apply the requirements of Topic 718 to nonemployee awards except for specific guidance on inputs to an option pricing model and the attribution of cost (that is, the period of time over which share-based payment awards vest and the pattern of cost recognition over that period). The amendments specify that Topic 718 applies to all share-based payment transactions in which a grantor acquires goods or services to be used or consumed in a grantor’s own operations by issuing share-based payment awards. The amendments also clarify that Topic 718 does not apply to share-based payments used to effectively provide (1) financing to the issuer or (2) awards granted in conjunction with selling goods or services to customers as part of a contract accounted for under Topic 606, Revenue from Contracts with Customers. The amendments in this Update are effective for public business entities for fiscal years beginning after December 15, 2018, including interim periods within that fiscal year. Update No. 2017-13 - September 2017 Revenue Recognition (Topic 605), Revenue from Contracts with Customers (Topic 606) FASB Accounting Standards Updates No. 2014-09, Revenue from Contracts with Customers (Topic 606), issued in May 2014 and codified in ASC Topic 606, Revenue from Contracts with Customers, and No. 2016-02. The transition provisions in ASC Topic 606 require that a public business entity and certain other specified entities adopt ASC Topic 606 for annual reporting 3 periods beginning after December 15, 2017, including interim reporting periods within that reporting period. FN2 All other entities are required to adopt ASC Topic 606 for annual reporting periods beginning after December 15, 2018, and interim reporting periods within annual reporting periods beginning after December 15, 2019. Update No. 2016-10 - April 2016 Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing The core principle of the guidance in Topic 606 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps: 1. Identify the contract(s) with a customer. 2. Identify the performance obligations in the contract. 3. Determine the transaction price. 4. Allocate the transaction price to the performance obligations in the contract. 5. Recognize revenue when (or as) the entity satisfies a performance obligation. The amendments in this Update do not change the core principle of the guidance in Topic 606. Rather, the amendments in this Update clarify the following two aspects of Topic 606: identifying performance obligations and the licensing implementation guidance, while retaining the related principles for those areas. The Company has either evaluated or is currently evaluating the implications, if any, of each of these pronouncements and the possible impact they may have on the Company’s financial statements. In most cases, management has determined that the implementation of these pronouncements would not have a material impact on the financial statements taken as a whole.

OTHER CURRENT ASSETS

OTHER CURRENT ASSETS	12 Months Ended
	Jun. 30, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
OTHER CURRENT ASSETS	NOTE 3 OTHER CURRENT ASSETS The Company’s marketable securities are classified as available-for-sale and, as such, are carried at fair value. All of the securities are comprised of shares of common stock of the investee. Securities classified as available-for-sale may be sold in response to changes in interest rates, liquidity needs, and for other purposes. Each investment in marketable securities represents less than twenty percent (20%) of the outstanding common stock and stock equivalents of the investee, and each security is nationally quoted on the National Association of Securities Dealers OTC Bulletin Board (“OTCBB”) or the OTC Markets. As such, each investment is accounted for in accordance with the provisions of SFAS No. 115. Marketable securities owned by the Company and classified as available for sale as of June 30, 2023 consisted of 91 shares of Myson Group, Inc. traded on the OTC Markets (Trading symbols MYSN). The fair value of the marketable securities recorded as of June 30, 2023 was $ 420.42 SCHEDULE OF FAIR VALUE OF INVESTMENTS MARKETABLE EQUITY SECURITIES Securities available for sale Level 1 Level 2 Level 3 Total June 30, 2023 $ - $ 420 $ - $ 420 June 30, 2022 $ - $ 546 $ - $ 546 During the fiscal year ended June 30, 2023, there was no transfer of securities from level 3 to level 2.

OTHER ASSETS

OTHER ASSETS	12 Months Ended
	Jun. 30, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
OTHER ASSETS	NOTE 4 OTHER ASSETS The Other Assets comprise of the following as of June 30, 2023 and 2022 SCHEDULE OF OTHER ASSETS 2023 2022 Investment in Philux Global Funds 32,604 31,161 Investment in AQuarius Power, Inc. - 5,000 Total Other Assets $ 32,604 $ 36,161 Investments as of June 30, 2023 consist of $ 32,604 5,000 464,849

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	12 Months Ended
	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	NOTE 5 PROPERTY AND EQUIPMENT As of June 30, 2023 the Company did not have any property or equipment.

CURRENT LIABILITIES

CURRENT LIABILITIES	12 Months Ended
	Jun. 30, 2023
Payables and Accruals [Abstract]
CURRENT LIABILITIES	NOTE 6 CURRENT LIABILITIES Current liabilities of the Company consist of the followings as of June 30, 2023 and 2022: SCHEDULE OF CURRENT LIABILITIES Current Liabilities June 30, 23 June 30, 2022 Accounts payable 616,245 615,805 Sub-fund obligations 1,624,775 1,574,775 Accrued expenses 1,485,310 931,417 Short-term loans and notes payable 1,164,685 676,888 Convertible Promissory Notes 297,805 756,250 Due to officers 1,027,782 1,077,218 Advances from customers and client deposits 1,079,038 665,434 Derivative liabilities and Note Discount 1,220,576 715,677 Total Current Liabilities 8,516,217 7,013,465 ACCRUED EXPENSES: Accrued expenses as of June 30, 2023 consist of $ 1,028,095 338,591 117,625 NOTES PAYABLE (NET): Notes payable consist of $ 1,164,685 297,805 ADVANCES FROM CUSTOMERS AND CLIENT DEPOSITS Advances from Customers were $ 819,038 158,604 665,434 Client deposits were $ 260,000 SUB-FUND OBILGATIONS: As of June 30, 2023, the Company has received $ 800,000 518,409 150,000 156,366.25 49 2,000,000 1,624,775 1,574,775

DUE TO OFFICERS AND DIRECTORS

DUE TO OFFICERS AND DIRECTORS	12 Months Ended
	Jun. 30, 2023
Due To Officers And Directors
DUE TO OFFICERS AND DIRECTORS	NOTE 7 DUE TO OFFICERS AND DIRECTORS Due to officer, represents loans and advances made by officers and directors of the Company and its subsidiaries, unsecured and due on demand. As of June 30, 2023 and 2022 , the balances were $ 1,027,782 1,077,218 SCHEDULE OF COMPONENTS OF DUE TO OFFICERS AND DIRECTORS Officers/Directors June 30, 2023 June 30, 2022 Henry Fahman (Chairman and CEO) 364,432 413,868 Tam Bui (former Director and COO) 663,350 663,350 Total $ 1,027,782 $ 1,077,218

LOANS AND PROMISSORY NOTES

LOANS AND PROMISSORY NOTES	12 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
LOANS AND PROMISSORY NOTES	NOTE 8 LOANS AND PROMISSORY NOTES SHORT TERM NOTES PAYABLE: In the course of its business, the Company has obtained short-term loans from individuals and institutional investors and from time to time raised money by issuing restricted common stock of the Company under the auspices of Rule 144. As of June 30, 2023, the Company had $ 945,598 901,848 43,750 219,087 0 36 CONVERTIBLE PROMISSORY NOTES: As of June 30, 2023, the principal balance of the outstanding convertible notes was $ 297,805 1,220,576

BASIC AND DILUTED NET LOSS PER

BASIC AND DILUTED NET LOSS PER SHARE	12 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
BASIC AND DILUTED NET LOSS PER SHARE	NOTE 9 BASIC AND DILUTED NET LOSS PER SHARE Net loss per share is calculated in accordance with SFAS No. 128, “Earnings per Share”. Under the provision of SFAS No. 128, basic net loss per share is computed by dividing the net loss for the period by the weighted-average number of common shares outstanding for the period. Diluted EPS is based on the weighted-average number of shares of common stock outstanding for the period and common stock equivalents outstanding at the end of the period. Basic and diluted weighted average numbers of shares for the year ended June 30, 2023 were the same since the inclusion of Common stock equivalents is anti-dilutive.

DOMESTICATION IN THE STATE OF W

DOMESTICATION IN THE STATE OF WYOMING	12 Months Ended
	Jun. 30, 2023
Domestication In State Of Wyoming
DOMESTICATION IN THE STATE OF WYOMING	NOTE 10 DOMESTICATION IN THE STATE OF WYOMING On September 20, 2017, the Company applied for a Certificate of Domestication and filed Articles of Domestication with the office of the Secretary of State of Wyoming to re-domicile the Company’s jurisdiction to the State of Wyoming. On September 20, 2017, the Company filed Articles of Amendment with the Wyoming Secretary of State to amend the authorized capital of the Company as follows: “The total number of shares into which the authorized capital stock of the corporation is divided is one billion shares, consisting of: nine hundred million 0.001 fifty million 5.00 twenty-five million 5.00 twenty million 5.00 five million 5.00 On June 25, 2020, the Company filed Articles of Amendment with the Wyoming Secretary of State to amend Article 10 of the Articles of Domestication to authorize Forty Billion ( 40,000,000,000 0.001 500,000,000 0.001 I. Class A Preferred Stock A. DESIGNATIONS, AMOUNTS AND DIVIDENDS 1. Class A Series I Cumulative Convertible Redeemable Preferred Stock a. Designation: Fifty million ( 50,000,000 500,000,000 0.001 b. Number of Shares: The number of shares of Class A Series I Preferred Stock authorized shall be fifty million ( 50,000,000 c. Dividends: Each holder of Class A Series I Preferred Stock is entitled to receive ten percent ( 10 2. Class A Series II Cumulative Convertible Redeemable Preferred Stock a. Designation. Two hundred million ( 200,000,000 500,000,000 0.001 Class A Series II Preferred Stock c. Number of Shares. The number of shares of Class A Series II Preferred Stock authorized shall be two hundred million ( 200,000,000 c. Dividends: Each holder of Class A Series II Preferred Stock is entitled to receive eight percent ( 8 3. Class A Series III Cumulative Convertible Redeemable Preferred Stock a. Designation. Fifty million ( 50,000,000 500,000,000 0.001 Class A Series III Preferred Stock b. Number of Shares. The number of shares of Class A Series III Preferred Stock authorized shall be fifty million ( 50,000,000 c. Dividends: Each holder of Class A Series III Preferred Stock is entitled to receive eight percent ( 8 4. Class A Series IV Cumulative Convertible Redeemable Preferred Stock a. Designation. One hundred ninety-nine million ( 199,000,000 500,000,000 0.001 Class A Series IV Preferred Stock b. Number of Shares. The number of shares of Class A Series III Preferred Stock authorized shall be one hundred ninety-nine million ( 199,000,000 c. Dividends: To be determined by the Corporation’s Board of Directors. B. CONVERSION 1. Conversion of Series I, Series II and/or Series IV Class A Preferred Stock into Common Stock of PHI Group, Inc. Each share of the Class A Preferred Stock, either Series I, Series II or Series IV shall be convertible into the Company’s Common Stock any time after two years from the date of issuance at a Variable Conversion Price (as defined herein) of the Common Stock. The “Variable Conversion Price” shall mean 75% multiplied by the Market Price (as defined herein) (representing a discount rate of 25%). “Market Price” means the average Trading Price for the Company’s Common Stock during the ten (10) trading-day period ending one trading day prior to the date the Conversion Notice is sent by the Holder of the Class A Preferred Stock to the Company via facsimile or email (the “Conversion Date”) 2. Conversion of Series I, Series II and/or Series IV Class A Preferred Stock into Common Stock of a subsidiary of PHI Group, Inc.’s. Alternatively, each share of the Class A Preferred Stock, either Series I, Series II and/or Series IV may be convertible into Common Stock of a subsidiary of PHI Group, Inc.’s, to be determined by the Company’s Board of Directors, any time after such subsidiary has become a fully-reporting publicly traded company for at least three months, at a Variable Conversion Price (as defined herein). The Variable Conversion Price to be used in connection with the conversion into Common Stock of a subsidiary of PHI Group, Inc.’s shall mean 50% multiplied by the Market Price (as defined herein), representing a discount rate of 50%, of that Common Stock. “Market Price” means the average Trading Price for the Common Stock of said subsidiary of PHI Group, Inc.’s during the ten (10) trading-day period ending one trading day prior to the date the Conversion Notice is sent by the Holder of the Preferred Stock to the Company via facsimile or email (the “Conversion Date”). 3. Conversion of Class A Series III Preferred Stock of PHI Group, Inc. into Common Stock of American Pacific Plastics, Inc., a subsidiary of PHI Group, Inc.’s. The entire Class A Series III Preferred Stock of PHI Group, Inc. (i.e. fifty million ( 50,000,000 80 4. Conversion Shares. The amount of shares of Common Stock of PHI Group, Inc., or alternatively, of a subsidiary of PHI Group, Inc.’s, to be received by Holder at the time of conversion of Class A Series I or Series II Preferred Stock of PHI Group, Inc. will be based on the following formula: Where CS Common Shares of PHI Group, Inc., Amount of CS or alternatively, of a subsidiary of PHI Group, Inc.’s. OIP + AUD VCP OIP Original Issue Price of Class A Series I or Series II Preferred Stock of PHI Group, Inc. AUD Accrued and Unpaid Dividends. VCP Variable Conversion Price of PHI Common Stock or of a subsidiary of PHI Group, Inc.’s as defined above. C. REDEMPTION RIGHTS The Corporation, after a period of two years from the date of issuance, may at any time or from time to time redeem the Class A Preferred Stock, either Series I, Series II, Series III or Series IV in whole or in part, at the option of the Company’s Board of Directors, at a price equal to one hundred twenty percent ( 120 D. LIQUIDATION Upon the occurrence of a Liquidation Event (as defined below), the holders of Class A Preferred Stock are entitled to receive net assets on a pro rata basis. As used herein, “ Liquidation Event Permitted Merger E. RANK All shares of the Class A Preferred Stock shall rank (i) senior to the Corporation’s Common Stock and any other class or series of capital stock of the Corporation hereafter created, (ii) pari passu F. VOTING RIGHTS 1. G. PROTECTION PROVISIONS So long as any shares of Class A Preferred Stock are outstanding, the Corporation shall not, without first obtaining the majority written consent of the holders of Class A Preferred Stock, alter or change the rights, preferences or privileges of the Class A Preferred Stock so as to affect adversely the holders of Class A Preferred Stock. H. MISCELLANEOUS 1. Status of Redeemed Stock 2. Lost or Stolen Certificates 3 Waiver 4 Notices If to the Corporation: PHI GROUP, INC. 30 N Gould Street, Suite R Sheridan, WY 82801 Facsimile: 702-472-8556 Email: info phiglobal.com If to the holders of Class Preferred Stock, to the address to be listed in the Corporation’s books and Records. II. Class B Preferred Stock 1. Class B Series I Preferred Stock a. Designation: One million ( 1,000,000 500,000,000 0.001 b. Number of Shares: The number of shares of Class B Series I Preferred Stock authorized will be one million ( 1,000,000 c. Dividend: None d. Voting rights: Except as provided by law, the shares of Class B Series I Preferred Stock shall have the same right to vote or act on all matters on which the holders of Common Stock have the right to vote or act and the holders of the shares of Class B Series I shall be entitled to notice of any stockholders’ meeting or action as to such matters on the same basis as the holders of Common Stock, and the holders of Common Stock and shares of Class B Series I shall vote together or act together thereon as if a single class on all such matters; provided, in such voting or action each one share of Class B Series I shall be entitled to one hundred thousand (100,000) votes.

STOCKHOLDER_S EQUITY

STOCKHOLDER’S EQUITY	12 Months Ended
	Jun. 30, 2023
Equity [Abstract]
STOCKHOLDER’S EQUITY	NOTE 11. STOCKHOLDER’S EQUITY As of June 30, 2023, the total number of authorized capital stock of the Company consisted of Sixty Billion 0.001 Five Hundred Million 0.001 Treasury Stock The balance of treasury stock as of June 30, 2023 was 487,767 44,170 Common Stock During the fiscal year ended June 30, 2023, the Company issued/cancelled the following shares of its Common Stock for cash, conversion of promissory notes, loan payments, salaries, warrants, and consulting services: SCHEDULE OF CONVERSIONS OF COMMON STOCK 7/01/2022 Beginning balance Issuances/Cancellations 31,429,380,289 Issuances for warrant exercises 1,879,166,666 Issuances for conversion of notes 4,455,811,523 Issuances for cash to certain current shareholders 2,104,893,097 Cancellation of shares by lender -454,758,300 6/30/2023 Ending balance 39,414,493,275 As of June 30, 2023, there were 39,414,493,275 Preferred Stock As of June 30, 2023, there were 600,000

STOCK-BASED COMPENSATION PLANS

STOCK-BASED COMPENSATION PLANS	12 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION PLANS	NOTE 12 STOCK-BASED COMPENSATION PLANS On February March 18, 2015, the Company adopted an Employee Benefit Plan to set aside 1,000,000 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

OTHER INCOME (EXPENSE)

OTHER INCOME (EXPENSE)	12 Months Ended
	Jun. 30, 2023
Other Income and Expenses [Abstract]
OTHER INCOME (EXPENSE)	NOTE 13 OTHER INCOME (EXPENSE) Net Other Income (Expense) for the fiscal year ended June 30, 2023 consists of the following: SCHEDULE OF OTHER INCOME (EXPENSE) OTHER INCOME (EXPENSES) FY ended June 30, 2023 Interest expense (934,872 ) Other income 488 Net other income/expense (3,674,139 ) NET OTHER INCOME (EXPENSES) (4,608,523 )

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Jun. 30, 2023
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 14 RELATED PARTY TRANSACTIONS The Company recognized a total of $ 360,000 As of June 30, 2023 the members of the Board of Directors and the Secretary and Treasurer of the Company owned a total of 600,000

INCOME TAXES

INCOME TAXES	12 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 15 INCOME TAXES No provision was made for income tax since the Company has significant net operating loss carry forward. Through June 30, 2023, the Company incurred net operating losses for tax purposes of approximately $ 77,319,372 The net operating loss carry forward may be used to reduce taxable income through the year 2036. Net operating loss for carry forwards for the State of California is generally available to reduce taxable income through the year 2026. The availability of the Company’s net operating loss carry-forward is subject to limitation if there is a 50% or more positive change in the ownership of the Company’s stock “Under section 6501(a) of the Internal Revenue Code (Tax Code) and section 301.6501(a)-1(a) of the Income Tax Regulations (Tax Regulations), the IRS is required to assess tax within 3 years after the tax return was filed with the IRS.”

CONTRACTS AND COMMITMENTS

CONTRACTS AND COMMITMENTS	12 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
CONTRACTS AND COMMITMENTS	NOTE 16 CONTRACTS AND COMMITMENTS 1. EQUITY LINE OF CREDIT WITH INSTITUTIONAL INVESTOR On March 01, 2022, the Company entered into an equity purchase agreement with Mast Hill Fund LP (“The Investor”) as follows: The Investor will provide an equity line of up to $ 10,000,000 10,000,000 The pricing period of each put will be the 7 trading days immediately following receipt of the Put Shares (the “Pricing Period”). The purchase price per share shall mean 90% of the average of the 2 lowest volume-weighted average prices of the Common Stock during the Pricing Period, less clearing fees, brokerage fees, other legal, and transfer agent fees incurred in the deposit (the “Net Purchase Amount”). The Investor shall pay the Net Purchase Amount to the Company by wire for each Drawdown Notice within 2 business days of the end of the Pricing Period. The put amount in each Drawdown Notice shall not be less than $50,000 and shall not exceed the lesser of (i) $500,000 or (ii) 200% of the average dollar trading volume of the Common Stock during the 7 trading days immediately before the Put Date, subject to Beneficial Ownership cap. There shall be a 7 trading day period between the receipt of the Put Shares and the next put. The Company intends to file an S-1 Registration Statement with the Securities and Exchange Commission for this Equity Line of Credit as part of its alternative financing plan. 2. TERMINATION OF BUSINESS COOPERATION AGREEMENT WITH VINAFILMS JOINT STOCK COMPANY On August 06, 2018, signed a Business Cooperation Agreement with Vinafilms JSC (Công ty Cổ phần Màng Bao Bì Tân Vinh Nam Phát), a Vietnamese joint stock company, with principal business address at Lot G9, Road No. 9, Tan Do Industrial Zone, Duc Hoa Ha Village, Duc Hoa District, Long An Province, Vietnam, hereinafter referred to as “VNF” and its majority shareholder, to exchange fifty-one percent ownership in VNF for Preferred Stock of PHI. According to the Agreement, PHI will be responsible for filing a S-1 Registration Statement with the Securities and Exchange Commission for American Pacific Plastics, Inc., a subsidiary of PHI that holds the 51 On September 20, 2018, a Stock Swap Agreement was signed by and between Ms. Do Thi Nghieu, the majority shareholder holding 76 3,060,000 50 On October 20, 2022, the Company, VNF and Ms. Do Thi Nghieu signed an agreement to terminate said Business Cooperation Agreement and Stock Swap Agreement. The termination of the referenced Business Cooperation Agreement, retroactively effective August 06, 2018, was due to the resultant impact of the Covid-19 pandemic and particular microeconomic conditions which made it infeasible for the Parties herein to continue the originally-planned Business Cooperation Agreement. 3. AGREEMENT WITH TECCO GROUP FOR PARTICIPATION IN PHILUX INFRASTRUCTURE FUND COMPARTMENT OF PHILUX GLOBAL FUNDS On August 10, 2020, Tecco Group, a Vietnamese company, signed an agreement with PHI Luxembourg Development SA, a subsidiary of the Company, to participate in the proposed infrastructure fund compartment of PHILUX Global Funds SCA, SICAV-RAIF. According to the agreement, Tecco Group will contribute $ 2,000,000 49 156,366.25 4. INVESTMENT AGREEMENTS AND MEMORANDUM OF UNDERSTANDING As of June 30, 2023, the Company and its subsidiaries have entered into loan financing agreements, asset 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. 5. DEVELOPMENT OF THE ASIA DIAMOND EXCHANGE IN VIETNAM Along with the establishment of Philux Global Funds, the Company has worked with the Authority of Chu Lai Open Economic Zone in Central Vietnam and the Provinces of Quang Nam and Dong Nai, Vietnam, to develop the Asia Diamond Exchange for lab-grown, rough and polished diamond together with a multi-commodities logistics center. Mr. Ben Smet, who successfully established the Dubai Diamond Exchange in 2002-2005, has been leading fulltime a group of experts for the setup of the Asian Diamond Exchange since January 2018. He has brought together the 11 main trading players in the rough diamond industry to come to Vietnam. He has established a partnership with the biggest player in the rough trading and polishing group, the Mehta Family Group. Other main international diamond trading groups as the Mody Group, Diamac etc. have joined the overall venture. Furthermore, together with the groups, a full Kimberly Process Certification Scheme (KPC) to prevent ‘conflicting diamond’ trading was established and is aligned from time to time. Also, the new lab grown diamond KPC scheduling is already implemented. A unique and KPC approved structure has been established where under the PHI Vietnam umbrella, in collaboration with KPC Mum- bai (India), a ‘Public-Private-Partnership (PPP)’ is established in which the Vietnamese authorities hold 15 85 The Company has taken the decision to move the greater part of the ADE rough and polishing venture, first to an Industrial Zone to be established close to the new international Airport in Long Thanh District, Dong Nai Province, Vietnam and this year to the Thanh Da Island. This location change has caused that the entire KPC Process and administration had to be adapted and redone with renewed financial input, mostly carried by Mr. Smet. A rough diamond trading export flow to Vietnam was negotiated and concluded by Mr. Smet with the DMCC and Dubai Diamond Exchange. This year, an international diamond trading platform was created by Mr. Smet to unify the trading efforts of Alrosa and De Beers/Bonas. Mr. Smet was advised and counselled thereto by Mr. A. Mehta, the senior board member of the Alrosa Group. Together with Mr. A. Mehta, Mr. Smet has also covered the financial backbone of the diamond trading venture via the setup of a financial institution in Botswana. It is the intention of Mr. Smet to donate 50 Mr. Smet had also established a collaboration partnership with the Antwerp Diamond Exchange (Belgium), the Dubai Diamond Exchange and the Tel-Aviv Diamond Exchange. Negotiations have started to involve a new economic free-zone in Jordan into the ongoing project. Recently, Mr. Smet has started a structuring project, in order for PHI to set up and establish an International Financial Center on the Thanh Da Island in connection with the Asian Diamond Exchange. This will be similar as what Mr. Smet has established successfully for Dubai in 2002-2005 and this now incorporating the international changes of the last decade. Once the Company has effectuated all budgeting and all financial requirements and obligations, the ongoing process will effectively materialize and Mr. Smet then shall transfer the entire venture to Philux Global Group, Inc. On June 04, 2022 the Company incorporated Asia Diamond Exchange, Inc., a Wyoming corporation, ID number 2022-001010234, as the holding company for this venture. 6. 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 7. 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 In the second and latest amendment signed on August 3, 2022 to the Agreements of Purchase and Sale with KOTA, the concerned parties 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 after the Company has successfully closed one or more of the pending financing and asset management agreements with certain lenders and investor groups. 8. 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) and Tin Thanh Group JSC to cooperate in increasing DRC’s tire production and implementing a sales and marketing program. As of the date of this report, the joint venture has not implemented this program. 9. 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 10. 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 assets management agreements with certain lenders and investor groups. 11. AGREEMENTS 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 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. On June 27, 2023, the Company and Van Phat Dat Export Joint Stock Company signed an Agreement to terminate the referenced Agreement of Purchase and Sale in its entirety, retroactively effective August 16, 2022. 12. 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 and PetroVietnam Marine Shipyard JSC whereby PetroVietnam Marine Shipyard (“PVMS”) will increase charter capital to allow Tin Thanh Group and Philux Global Group to become its strategic and majority shareholders. As of the date of this report this plan has not been implemented. 13. ISSUANCES OF SHORT-TERM CONVERTIBLE NOTES On March 3, 2023, the Company issued a Convertible Promissory Note to 1800 Diagonal Lending LLC, a Virginia limited liability company, for $ 55,000.00 8 22 0.001 61 This Note was converted into 187,540,984 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 On June 1, 2023, the Company issued a Convertible Promissory Note to 1800 Diagonal Lending LLC, a Virginia limited liability company, for $ 52,805.00 17 22 9,256.17 2,000.00 59,537.00 58 9,256.17 14. 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. 15. TERMINATION OF AGREEMENT FOR PARTICIPATION IN INFRASTRUCTURE FUND WITH THANH NAM LONG CONSTRUCTION COMPANY 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. 16. Investment Commitment AgreementS 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. On June 05, 2023, Philux Global Vietnam Investment and Development Co. Ltd., a subsidiary of Philux Global Group Inc. (f/k/a PHI Group, Inc.), and Saigon Silicon City JSC signed an Agreement to terminate the Investment Commitment Agreement previously entered into by the two parties on February 21, 2023 in its entirety. On June 05, 2023 Philux Global Group Inc. (a/k/a PHI Group, Inc.) (the “Investor”/”Provider”) signed an Investment Commitment Agreement with Saigon Silicon City Joint Stock Company (the “Company”) whereby the Investor/Provider is committed to providing or causing to be provided up to one and half billion U.S. dollars (USD 1,500,000,000 According to the Investment Commitment Agreement, upon the signing of this Agreement, the Company shall make a deposit of Five Hundred Thousand U.S. Dollars (USD 500,000 Within thirty days after the deposit of at least two hundred thousand U.S. dollars (USD 200,000 50,000,000 4,500,000,000 The foregoing description of the Investment Commitment Agreement by and between Philux Global Group Inc. and Saigon Silicon City JSC dated June 5, 2023 is qualified in its entirety by reference to the full text of said Agreement, which is filed as Exhibit 10.1 to the Current Report on Form 8-K on June 13, 2023. 17. 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. 18. PURCHASE AND SALE AGREEMENT WITH JINSHAN LTD. CO. On June 27, 2023, Premier Enterprises Group Inc., a Wyoming corporation and subsidiary of PHI Group, Inc. (/n/k/a Philux Global Group Inc.), (the “Registrant”) entered into an Agreement of Purchase and Sale with Jinshan Limited Liability Company, a limited liability company organized and existing by virtue of the laws of Socialist Republic of Vietnam, with principal business address at 37 Road No. 4, Do Thanh Housing Complex, Ward 4, District 3, Ho Chi Minh City, Vietnam, hereinafter referred to as “JSH,” the Majority Member(s) of JSH, hereinafter referred to as the “Majority Member(s),” (both JSH and the Majority Member(s) are referred to as the “Seller”), to acquire fifty-one percent ( 51 The value of JSH’s fifty-one percent ( 51 5,194,714 51 51 The Closing of this transaction is subject to PEG’s being listed and traded on a U.S. stock exchange at least one month prior to the Closing date. The foregoing description of the Agreement of Purchase and Sale dated June 27, 2023 among Premier Enterprises Group Inc. , a subsidiary of PHI Group, Inc., Jinshan Limited Liability Company and the Majority Member(s) of JSH is qualified in its entirety by reference to the full text of said Agreement, which was filed as Exhibit 10.1 to the Form 8-K on June 28, 2023. 19. BUSINESS COOPERATION AGREEMENT WITH SSE GLOBAL JSC In May 2023, the Company signed a Business Cooperation Agreement with SSE Group JSC, a Vietnamese joint stock company, to jointly cooperate in the areas of energy efficiency and mitigation of global greenhouse gas (GHG) emissions by using SSE Group’s proprietary technologies. According to the agreement, SSE Group JSC and Philux Global Group Inc. have incorporated “SSE Global Group Inc.,” a Wyoming corporation, Registration ID 2023-00127, ( www.sseglobalgroup.com Global GHG emissions have been steadily increasing over the years, primarily due to human activities such as burning fossil fuels, deforestation, industrial processes, and agriculture. Carbon dioxide (CO2) is the most significant GHG, accounting for the majority of emissions. The main sectors contributing to GHG emissions are energy production, transportation, industry, agriculture, and land use change. Emerging economies, such as China and India, have witnessed significant increases in emissions due to rapid industrialization and urbanization. Rising GHG emissions lead to the greenhouse effect, causing global warming and climate change. This phenomenon contributes to various environmental and socio-economic challenges, including extreme weather events, sea-level rise, disrupted ecosystems, and threats to human health and food security. SSE Group’s proprietary technologies are a self-sustaining energy system created by absolute interactions with the air condition of the atmosphere. Test results have shown that this system can enhance and extend the burning time of traditional fuels such as gasoline, diesel and coal by 50 20. AGREEMENT FOR PARTICIPATION IN PHILUX GLOBAL INDUSTRIAL ZONE REAL ESTATE FUND On May 22, 2023, 2 21. BUSINESS COOPERATION AGREEMENT WITH SAPHIA ALKALI JOINT STOCK COMPANY On June 27, 2023, SAPHIA ALKALI JOINT STOCK COMPANY, a Vietnamese joint stock company with principal business address at No 27, Sub-alley 1, Alley 104, Viet Hung Street, Viet Hung Ward, Long Bien District, Hanoi City, Vietnam, represented by Mrs. Nguyen Phuong Dung, its Chairperson, hereinafter referred to as “SAP,” and PHI GROUP INC. (/n/k/a PHILUX GLOBAL GROUP INC, hereinafter referred to as “PGG,” signed a Business Cooperation Agreement and agreed to undertake the followings: - SAP and PGG agree to jointly cooperate primarily in the areas of alkali technologies as well as any other business that may be considered mutually beneficial. - - SAP will initially make available and transfer certain technologies as may be needed to NewCo to serve the needs of this Business Cooperation Agreement. - The relationship established between SAP and PGG by this Agreement shall be exclusive with respect to the areas of SAP’s proprietary technologies outside of Vietnam. - - In particular, PGG will be responsible for providing or causing to be provided three hundred million U.S. dollars (USD 300,000,000 40 60 - The parties herein shall determine the capital structure of NewCo in a separate subsequent addendum to this Business Cooperation Agreement. - The Business Cooperation Agreement shall be effective upon signing and shall terminate in writing by the Parties. The foregoing description of the Business Cooperation Agreement dated June 27, 2023 between Saphia Alkali Joint Stock Company and Philux Global Group Inc. is qualified in its entirety by reference to the full text of said Agreement, which was filed as Exhibit 10.1 to the Current Report on Form 8-K July 3, 2023. 22. EXTENSION FOR REPURCHASE OF THE COMPANY’S COMMON STOCK On June 29, 2023, the Company’s Board of Directors passed a corporate resolution to extend the time period for the repurchase of its own shares of common stock from the open market from time to time in accordance with the terms mentioned below and subject to liquidity conditions, satisfaction of certain open contractual obligations and the judgment of the Company’s Board of Directors and Management with respect to optimal use of potentially available funds in the future: 1. Purpose of Repurchase 2. Details of Planned Repurchase a. Class of shares to be repurchased: Common Stock of PHI Group, Inc. (n/k/a Philux Global Group Inc.) b. Amount of repurchasable shares: As many as economically conducive and optimal for the Company. c. Total repurchase dollar amount: To be determined by prevalent market prices at the times of transaction. d. Methods of repurchase: Open market purchase and/or negotiated transactions. e. Repurchase period: As soon as practical until December 31, 2023. f. The Company intends to fund the proposed share repurchase program with proceeds from long-term financing programs, future earnings, disposition of non-core assets and other potential sources, subject to liquidity, availability of funds, comparative judgment of optimal use of available cash in the future, and satisfaction of certain open contractual obligations. g. The share repurchase program will be in full compliance with state and federal laws and certain covenants with the Company’s creditors and may be terminated at any time based on future circumstances and judgment of the Company. 23. COMMON STOCK TO BE ISSUED As of June 30, 2023, the Company recorded $ 22,500

GOING CONCERN UNCERTAINTY

GOING CONCERN UNCERTAINTY	12 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GOING CONCERN UNCERTAINTY	NOTE 17 GOING CONCERN UNCERTAINTY As shown in the accompanying consolidated financial statements, the Company has accumulated deficit of $ 77,319,372 8,222,002

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Jun. 30, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 18 SUBSEQUENT EVENTS These financial statements were approved by management and available for issuance on October 13, 2023. Subsequent events have been evaluated through this date. 1. APPOINTMENT OF NEW MEMBER OF THE BOARD OF DIRECTORS Effective July 01, 2023, the Company’s Board of Directors appointed Mr. Steve Truong as a new member of the Board of Directors. Biographical information about Mr. Steve Truong: Born in 1960, Mr. Truong brings to the Company a wealth of comprehensive knowledge in the areas of operation, finance, general management, strategic research and analysis, policy development and investigation. He holds a Bachelor of Economics from the University of Waterloo, a Bachelor of Business Administration from Simon Fraser University, a Master of Business Administration from Taft University, and is currently pursuing a Doctor of Business Administration from California Southern University. Mr. Truong has work experience in both private and public sectors. He has held various senior positions during his career. Previously, as a Naval Officer with the Royal Canadian Navy, he coordinated, liaised, and provided logistical support to operational and administrative military units at a national and international level, including the Canadian Armed Forces’ United Nations (UN) taskings. Mr. Truong has been actively involved in negotiating and arranging debt financing and equity investment, between international lenders and investment institutions and for clients seeking funding for projects. He has also been assisting in mergers and acquisition activities, as well as assisting private companies to get listed in the US Stock Markets. He holds a Series 65 license – Uniform Investment Advisers from the North American Securities Administrators Associations. He currently serves as a member of the Board of Directors and Secretary of Sports Pouch Beverage Company, Inc., a Nevada corporation, and a member of the Board of Directors, Vice President and Secretary of Chinh Picasso Global Group, Inc., a Wyoming corporation. 2. ISSUANCES OF COMMON STOCK DURING THE QUARTER ENDED SEPTEMBER 30, 2023 During the quarter ended September 30, 2023, the Company issued 359,102,844 2,931,619,052 3. PRIVATE STOCK PURCHASE AGREEMENTS UNDER RULE 144 From July 1, 2023 to the date of this report, certain current shareholders of the Company have entered into private stock purchase agreements with the Company under Rule 144 to purchase a total of approximately 2.5

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
PRINCIPLES OF CONSOLIDATION	PRINCIPLES OF CONSOLIDATION The consolidated financial statements include the accounts of (1) PHI Group, Inc., its subsidiaries including (2) PHILUX Global Funds SCA, SICAV-RAIF, a Luxembourg bank fund designed to hold a number of subfund compartments for investing in various selective industries, (3) PHI Luxembourg Development S.A., the mother holding company for PHILUX Global Funds, (4) PHI Luxembourg Holding S.A., (5) PHILUX Global General Partner S.A., (6) Asia Diamond Exchange, Inc., a Wyoming corporation ( 100 100
USE OF ESTIMATES	USE OF ESTIMATES The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
CASH AND CASH EQUIVALENTS	CASH AND CASH EQUIVALENTS The Company considers all liquid investments with a maturity of three months or less from the date of purchase that are readily convertible into cash to be cash equivalents.
MARKETABLE SECURITIES	MARKETABLE SECURITIES The Company’s securities are classified as available-for-sale and, as such, are carried at fair value. Securities classified as available-for-sale may be sold in response to changes in interest rates, liquidity needs, and for other purposes. Each investment in marketable securities typically represents less than twenty percent ( 20 Unrealized holding gains and losses for available-for-sale securities are excluded from earnings and reported as a separate component of stockholder’s equity. Realized gains and losses for securities classified as available-for-sale are reported in earnings based upon the adjusted cost of the specific security sold. On June 30, 2023 and 2022 the marketable securities have been recorded at $ 420 546
ACCOUNTS RECEIVABLE	ACCOUNTS RECEIVABLE Management reviews the composition of accounts receivable and analyzes historical bad debts. There was no account receivable or bad debt during the fiscal ended June 30, 2023.
IMPAIRMENT OF LONG-LIVED ASSETS	IMPAIRMENT OF LONG-LIVED ASSETS Effective January 1, 2002, the Company adopted ASC 350 (Previously SFAS 144, “Accounting for the Impairment or Disposal of Long-Lived Assets”), which addresses financial accounting and reporting for the impairment or disposal of long-lived assets and supersedes SFAS No. 121, “Accounting for the Impairment of Long-Lived Assets and for Long-Lived Assets to be Disposed Of,” and the accounting and reporting provisions of APB Opinion No. 30, “Reporting the Results of Operations for a Disposal of a Segment of a Business.” The Company periodically evaluates the carrying value of long-lived assets to be held and used in accordance with ASC 350. ASC 350 requires impairment losses to be recorded on long-lived assets used in operations when indicators of impairment are present and the undiscounted cash flows estimated to be generated by those assets are less than the assets’ carrying amounts. In that event, a loss is recognized based on the amount by which the carrying amount exceeds the fair market value of the long-lived assets. Loss on long-lived assets to be disposed of is determined in a similar manner, except that fair market values are reduced for the cost of disposal.
PROPERTY AND EQUIPMENT	PROPERTY AND EQUIPMENT Property and equipment are stated at cost. Maintenance and repair costs are charged to expense as incurred; costs of major additions and betterments are capitalized. When property and equipment are sold or otherwise disposed of, the cost and related accumulated depreciation are eliminated from the accounts and any resulting gain or loss is reflected in income. Depreciation is computed using the straight-line method over the estimated useful lives of the assets, ranging from three to ten years.
DEPRECIATION AND AMORTIZATION	DEPRECIATION AND AMORTIZATION The cost of property and equipment is depreciated over the estimated useful lives of the related assets. Depreciation and amortization of fixed assets are computed on a straight-line basis.
NET EARNINGS (LOSS) PER SHARE	NET EARNINGS (LOSS) PER SHARE The Company adopted the provisions of ASC 260 (previously SFAS 128). ASC 260 eliminates the presentation of primary and fully diluted earnings per share (“EPS”) and requires presentation of basic and diluted EPS. Basic EPS is computed by dividing income (loss) available to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted EPS is based on the weighted-average number of shares of common stock outstanding for the period and common stock equivalents outstanding at the end of the period. The net earnings (loss) per share is computed as follows: SCHEDULE OF NET EARNINGS (LOSS) PER SHARE Basic and diluted loss per share: 2023 2022 Numerator: Net income (loss): $ (5,609,146 ) $ (21,154,443 ) Denominator: Basic weighted average number of common shares outstanding: 34,455,935,655 28,448,615,941 Basic net income per share (0.00 ) (0.00 ) Diluted weighted average number of common shares outstanding: 34,455,935,655 28,448,615,941 Diluted net income (loss) per share: $ (0.00 ) $ (0.00 )
STOCK-BASED COMPENSATION	STOCK-BASED COMPENSATION Effective July 1, 2006, the Company adopted ASC 718-10-25 (previously SFAS 123R) and accordingly has adopted the modified prospective application method. Under this method, ASC 718-10-25 is applied to new awards and to awards modified, repurchased, or cancelled after the effective date. Additionally, compensation cost for the portion of awards that are outstanding as of the date of adoption for which the requisite service has not been rendered (such as unvested options) is recognized over a period of time as the remaining requisite services are rendered.
FAIR VALUE OF FINANCIAL INSTRUMENTS	FAIR VALUE OF FINANCIAL INSTRUMENTS Fair Value - Definition and Hierarchy Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Assets and liabilities measured at fair value are categorized based on whether or not the inputs are observable in the market and the degree that the inputs are observable. The categorization of financial assets and liabilities within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. A fair value hierarchy for inputs is used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs are to be used when available. Valuation techniques that are consistent with the market or income approach are used to measure fair value. The fair value hierarchy is categorized into three levels based on the inputs as follows: Level Level Level 3 Fair value is a market-based measure, based on assumptions of prices and inputs considered from the perspective of a market participant that are current as of the measurement date, rather than an entity-specific measure. Therefore, even when market assumptions are not readily available, the Company’s own assumptions are set to reflect those that market participants would use in pricing the asset or liability at the measurement date. The availability of valuation techniques and observable inputs can vary from investment to investment and are affected by a wide variety of factors, including; type of investment, whether the investment is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the transaction. To the extent that valuation is based upon models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Because of the inherent uncertainty of valuation, those estimated values may be materially higher or lower than the values that would have been used had a ready market for the investments existed. Accordingly, the degree of judgment exercised by the Fund in determining fair value is greatest for investments categorized in Level 3. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level in the fair value hierarchy in which the fair value measurement falls in its entirety is determined based upon the lowest level input that is significant to the fair value measurement. Fair Value - Valuation Techniques and Inputs The Company holds and may invest public securities traded on public exchanges or over-the-counter (OTC), private securities, real estate, convertible securities, interest bearing securities and other types of securities and has adopted specific techniques for their respective valuations. Equity Securities in Public Companies Unrestricted The Company values investments in securities that are freely tradable and listed on major securities exchanges at their last reported sales price as of the valuation date. To the extent these securities are actively traded and valuation adjustments are not applied, they are categorized in Level 1 of the fair value hierarchy. Securities traded on inactive markets or valued by reference to similar instruments are generally categorized in Level 2 or 3 of the fair value hierarchy. Restricted Securities traded on public exchanges or over-the-counter (OTC) where there are formal restrictions that limit (i.e. Rule 144 holding periods and underwriter’s lock-ups) their sale shall be valued at the closing price on the date of valuation less applicable discounts. The Company may apply a discount to securities with Rule 144 restrictions. Additional discounts may be assessed if the Company believes there are other mitigating factors which warrant the additional discounting. When determining potential additional discounts, factors that will be taken into consideration include, but are not limited to; securities’ trading characteristics, volume, length and overall impact of the restriction as well as other macro-economic factors. Valuations should be discounted appropriately until the securities may be freely traded. If it has been determined that the exchange or OTC listed price does not accurately reflect fair market value, the Company may elect to treat the security as a private company and apply an alternative valuation method. Investments in restricted securities of public companies may be included in Level 2 of the fair value hierarchy. However, to the extent that significant inputs used to determine liquidity discounts are not observable, investments in restricted securities in public companies may be categorized in Level 3 of the fair value hierarchy. The Company’s financial instruments primarily consist of cash and cash equivalents, accounts receivable, marketable securities, short-term notes payable, convertible notes, derivative liability and accounts payable. As of the balance sheet dates, the estimated fair values of the financial instruments were not materially different from their carrying values as presented on the balance sheet. This is primarily attributed to the short maturities of these instruments. Effective July 1, 2008, the Company adopted ASC 820 (previously SFAS 157), Fair Value Measurements Assets measured at fair value on a recurring basis are summarized below. The Company also has convertible notes and derivative liabilities as disclosed in this report that are measured at fair value on a regular basis until paid off or exercised. The Company uses various approaches to measure fair value of available-for-sale securities, while applying the three-level valuation hierarchy for disclosures, specified in ASC 820. Our Level 1 securities were measured using the quoted prices in active markets for identical assets and liabilities. The company’s policy regarding the transfers in and/or out of Level 3 depends on the trading activity of the security, the volatility of the security, and other observable units which clearly represents the fair value of the security. If a level 3 security can be measured using a more fairly represented fair value, we will transfer these securities either into Level 1 or Level 2, depending on the type of inputs.
REVENUE RECOGNITION STANDARDS	REVENUE RECOGNITION STANDARDS ASC 606-10 provides the following overview of how revenue is recognized from an entity’s contracts with customers: An entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Step 1: Identify the contract(s) with a customer. Step 2: Identify the performance obligations in the contract. Step 3: Determine the transaction price – The transaction price is the amount of consideration in a contract to which an entity expects to be entitled in exchange for transferring promised goods or services to a customer. Step 4: Allocate the transaction price to the performance obligations in the contract – Any entity typically allocates the transaction price to each performance obligation on the basis of the relative standalone selling prices of each distinct good or service promised in the contract. Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation – An entity recognizes revenue when (or as) it satisfies a performance obligation by transferring a promised good or service to a customer (which is when the customer obtains control of that good or service). The amount of revenue recognized is the amount allocated to the satisfied performance obligation. A performance obligation may be satisfied at a point in time (typically for promises to transfer goods to a customer) or over time (typically for promises to transfer service to a customer). For performance obligations satisfied over time, an entity recognizes revenue over time by selecting an appropriate method for measuring the entity’s progress toward complete satisfaction of that performance obligation. (Paragraphs 606-10 25-23 through 25-30). In addition, ASC 606-10 contains guidance on the disclosures related to revenue, and notes the following: It also includes a cohesive set of disclosure requirements that would result in an entity providing users of financial statements with comprehensive information about the nature, amount, timing, and uncertainty of revenue and cash flows arising from the entity’s contracts with customers. Specifically, Section 606-10-50 requires an entity to provide information about: - Revenue recognized from contracts with customers, including disaggregation of revenue into appropriate categories. - Contract balances, including the opening and closing balances of receivables, contract assets, and contract liabilities. - Performance obligations, including when the entity typically satisfies its performance obligations and the transaction prices is that is allocated to the remaining performance obligations in a contract. - Significant judgments, and changes in judgments, made in applying the requirements to those contracts. Additionally, Section 340-40-50 requires an entity to provide quantitative and/or qualitative information about assets recognized from the costs to obtain or fulfill a contract with a customer. The Company’s revenue recognition policies are in compliance with ASC 606-10. The Company recognizes consulting and advisory fee revenues in accordance with the above-mentioned guidelines and expenses are recognized in the period in which the corresponding liability is incurred.
ADVERTISING	ADVERTISING The Company expenses advertising costs as incurred. Advertising costs for the years ended June 30, 2023 and 2022 were $ 500 8,700
COMPREHENSIVE INCOME (LOSS)	COMPREHENSIVE INCOME (LOSS) ASC 220-10-45 (previously SFAS 130, Reporting Comprehensive Income) establishes standards for reporting and display of comprehensive income, its components and accumulated balances. Comprehensive income is defined to include all changes in equity, except those resulting from investments by owners and distributions to owners. Among other disclosures, SFAS No. 130 requires that all items that are required to be recognized under current accounting standards as components of comprehensive income be reported in a financial statement that is displayed with the same prominence as other financial statements. As of June 30, 2023 and 2022, respectively, accumulated other comprehensive income (loss) of $( 3,035,495 572,591
INCOME TAXES	INCOME TAXES The Company accounts for income taxes in accordance with ASC 740 (previously SFAS No. 109, “Accounting for Income Taxes”). Deferred taxes are provided on the liability method whereby deferred tax assets are recognized for deductible temporary differences, and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.
REPORTING OF SEGMENTS	REPORTING OF SEGMENTS ASC 280 (previously Statement of Financial Accounting Standards No. 131, Disclosures about Segments of an Enterprise and Related Information), which supersedes Statement of Financial Accounting Standards No. 14, Financial Reporting for Segments of a Business Enterprise, establishes standards for the way that public enterprises report information about operating segments in annual financial statements and requires reporting of selected information about operating segments in interim financial statements regarding products and services, geographic areas and major customers. ASC 280 defines operating segments as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance. The Company operated in one revenue-generating segment during the years ended June 30, 2023 and June 30, 2022.
RISKS AND UNCERTAINTIES	RISKS AND UNCERTAINTIES In the normal course of business, the Company is subject to certain risks and uncertainties. The Company provides its service and receives marketable securities upon execution of transactions. Consequently, the value of the securities received from customers can be affected by economic fluctuations and each customer’s business growth. The actual realized value of these securities could be significantly different than recorded value.
RECENT ACCOUNTING PRONOUNCEMENTS	RECENT ACCOUNTING PRONOUNCEMENTS In August 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2020-06-Debt-Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging-Contracts in Entity’s Own Equity (Subtopic 815-40)-Accounting For Convertible Instruments and Contracts in an Entity’s Own Equity. The ASU simplifies accounting for convertible instruments by removing major separation models required under current GAAP. Consequently, more convertible debt instruments will be reported as a single liability instrument with no separate accounting for embedded conversion features. The ASU removes certain settlement conditions that are required for equity contracts to qualify for the derivative scope exception, which will permit more equity contracts to qualify for it. The ASU also simplifies the diluted net income per share calculation in certain areas. The new guidance is effective for annual and interim periods beginning after December 15, 2021, and early adoption is permitted for fiscal years beginning after December 15, 2020. Update No. 2018-13 – August 2018 Fair Value Measurement (Topic 820): Changes to the Disclosure Requirements for Fair Value Measurement Modifications: The following disclosure requirements were modified in Topic 820: 1. In lieu of a roll-forward for Level 3 fair value measurements, a nonpublic entity is required to disclose transfers into and out of Level 3 of the fair value hierarchy and purchases and issues of Level 3 assets and liabilities. 2. For investments in certain entities that calculate net asset value, an entity is required to disclose the timing of liquidation of an investee’s assets and the date when restrictions from redemption might lapse only if the investee has communicated the timing to the entity or announced the timing publicly. 3. The amendments clarify that the measurement uncertainty disclosure is to communicate information about the uncertainty in measurement as of the reporting date. Additions: The following disclosure requirements were added to Topic 820; however, the disclosures are not required for nonpublic entities: 1. The changes in unrealized gains and losses for the period included in other comprehensive income for recurring Level 3 fair value measurements held at the end of the reporting period. 2. The range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements. For certain unobservable inputs, an entity may disclose other quantitative information (such as the median or arithmetic average) in lieu of the weighted average if the entity determines that other quantitative information would be a more reasonable and rational method to reflect the distribution of unobservable inputs used to develop Level 3 fair value measurements. The amendments in this Update are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Update No. 2018-07 – June 2018 Compensation – Stock Compensation (Topic 718) Improvements to Nonemployee Share-Based Payment Accounting Main Provisions: The amendments in this Update expand the scope of Topic 718 to include share-based payment transactions for acquiring goods and services from nonemployees. An entity should apply the requirements of Topic 718 to nonemployee awards except for specific guidance on inputs to an option pricing model and the attribution of cost (that is, the period of time over which share-based payment awards vest and the pattern of cost recognition over that period). The amendments specify that Topic 718 applies to all share-based payment transactions in which a grantor acquires goods or services to be used or consumed in a grantor’s own operations by issuing share-based payment awards. The amendments also clarify that Topic 718 does not apply to share-based payments used to effectively provide (1) financing to the issuer or (2) awards granted in conjunction with selling goods or services to customers as part of a contract accounted for under Topic 606, Revenue from Contracts with Customers. The amendments in this Update are effective for public business entities for fiscal years beginning after December 15, 2018, including interim periods within that fiscal year. Update No. 2017-13 - September 2017 Revenue Recognition (Topic 605), Revenue from Contracts with Customers (Topic 606) FASB Accounting Standards Updates No. 2014-09, Revenue from Contracts with Customers (Topic 606), issued in May 2014 and codified in ASC Topic 606, Revenue from Contracts with Customers, and No. 2016-02. The transition provisions in ASC Topic 606 require that a public business entity and certain other specified entities adopt ASC Topic 606 for annual reporting 3 periods beginning after December 15, 2017, including interim reporting periods within that reporting period. FN2 All other entities are required to adopt ASC Topic 606 for annual reporting periods beginning after December 15, 2018, and interim reporting periods within annual reporting periods beginning after December 15, 2019. Update No. 2016-10 - April 2016 Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing The core principle of the guidance in Topic 606 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps: 1. Identify the contract(s) with a customer. 2. Identify the performance obligations in the contract. 3. Determine the transaction price. 4. Allocate the transaction price to the performance obligations in the contract. 5. Recognize revenue when (or as) the entity satisfies a performance obligation. The amendments in this Update do not change the core principle of the guidance in Topic 606. Rather, the amendments in this Update clarify the following two aspects of Topic 606: identifying performance obligations and the licensing implementation guidance, while retaining the related principles for those areas. The Company has either evaluated or is currently evaluating the implications, if any, of each of these pronouncements and the possible impact they may have on the Company’s financial statements. In most cases, management has determined that the implementation of these pronouncements would not have a material impact on the financial statements taken as a whole.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
SCHEDULE OF NET EARNINGS (LOSS) PER SHARE	The net earnings (loss) per share is computed as follows: SCHEDULE OF NET EARNINGS (LOSS) PER SHARE Basic and diluted loss per share: 2023 2022 Numerator: Net income (loss): $ (5,609,146 ) $ (21,154,443 ) Denominator: Basic weighted average number of common shares outstanding: 34,455,935,655 28,448,615,941 Basic net income per share (0.00 ) (0.00 ) Diluted weighted average number of common shares outstanding: 34,455,935,655 28,448,615,941 Diluted net income (loss) per share: $ (0.00 ) $ (0.00 )

OTHER CURRENT ASSETS (Tables)

OTHER CURRENT ASSETS (Tables)	12 Months Ended
	Jun. 30, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
SCHEDULE OF FAIR VALUE OF INVESTMENTS MARKETABLE EQUITY SECURITIES	SCHEDULE OF FAIR VALUE OF INVESTMENTS MARKETABLE EQUITY SECURITIES Securities available for sale Level 1 Level 2 Level 3 Total June 30, 2023 $ - $ 420 $ - $ 420 June 30, 2022 $ - $ 546 $ - $ 546

OTHER ASSETS (Tables)

OTHER ASSETS (Tables)	12 Months Ended
	Jun. 30, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
SCHEDULE OF OTHER ASSETS	The Other Assets comprise of the following as of June 30, 2023 and 2022 SCHEDULE OF OTHER ASSETS 2023 2022 Investment in Philux Global Funds 32,604 31,161 Investment in AQuarius Power, Inc. - 5,000 Total Other Assets $ 32,604 $ 36,161

CURRENT LIABILITIES (Tables)

CURRENT LIABILITIES (Tables)	12 Months Ended
	Jun. 30, 2023
Payables and Accruals [Abstract]
SCHEDULE OF CURRENT LIABILITIES	Current liabilities of the Company consist of the followings as of June 30, 2023 and 2022: SCHEDULE OF CURRENT LIABILITIES Current Liabilities June 30, 23 June 30, 2022 Accounts payable 616,245 615,805 Sub-fund obligations 1,624,775 1,574,775 Accrued expenses 1,485,310 931,417 Short-term loans and notes payable 1,164,685 676,888 Convertible Promissory Notes 297,805 756,250 Due to officers 1,027,782 1,077,218 Advances from customers and client deposits 1,079,038 665,434 Derivative liabilities and Note Discount 1,220,576 715,677 Total Current Liabilities 8,516,217 7,013,465

DUE TO OFFICERS AND DIRECTORS (

DUE TO OFFICERS AND DIRECTORS (Tables)	12 Months Ended
	Jun. 30, 2023
Due To Officers And Directors
SCHEDULE OF COMPONENTS OF DUE TO OFFICERS AND DIRECTORS	SCHEDULE OF COMPONENTS OF DUE TO OFFICERS AND DIRECTORS Officers/Directors June 30, 2023 June 30, 2022 Henry Fahman (Chairman and CEO) 364,432 413,868 Tam Bui (former Director and COO) 663,350 663,350 Total $ 1,027,782 $ 1,077,218

STOCKHOLDER_S EQUITY (Tables)

STOCKHOLDER’S EQUITY (Tables)	12 Months Ended
	Jun. 30, 2023
Equity [Abstract]
SCHEDULE OF CONVERSIONS OF COMMON STOCK	During the fiscal year ended June 30, 2023, the Company issued/cancelled the following shares of its Common Stock for cash, conversion of promissory notes, loan payments, salaries, warrants, and consulting services: SCHEDULE OF CONVERSIONS OF COMMON STOCK 7/01/2022 Beginning balance Issuances/Cancellations 31,429,380,289 Issuances for warrant exercises 1,879,166,666 Issuances for conversion of notes 4,455,811,523 Issuances for cash to certain current shareholders 2,104,893,097 Cancellation of shares by lender -454,758,300 6/30/2023 Ending balance 39,414,493,275

STOCK-BASED COMPENSATION PLANS

STOCK-BASED COMPENSATION PLANS (Tables)	12 Months Ended
	Jun. 30, 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 %
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

OTHER INCOME (EXPENSE) (Tables)

OTHER INCOME (EXPENSE) (Tables)	12 Months Ended
	Jun. 30, 2023
Other Income and Expenses [Abstract]
SCHEDULE OF OTHER INCOME (EXPENSE)	Net Other Income (Expense) for the fiscal year ended June 30, 2023 consists of the following: SCHEDULE OF OTHER INCOME (EXPENSE) OTHER INCOME (EXPENSES) FY ended June 30, 2023 Interest expense (934,872 ) Other income 488 Net other income/expense (3,674,139 ) NET OTHER INCOME (EXPENSES) (4,608,523 )

SCHEDULE OF NET EARNINGS (LOSS)

SCHEDULE OF NET EARNINGS (LOSS) PER SHARE (Details) - USD ($)	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Accounting Policies [Abstract]
Net income (loss):	$ (5,609,146)	$ (21,154,443)
Basic weighted average number of common shares outstanding:	34,455,935,655	28,448,615,941
Basic net income per share	$ 0	$ 0
Diluted weighted average number of common shares outstanding:	34,455,935,655	28,448,615,941
Diluted net income (loss) per share:	$ 0	$ 0

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Marketable securities	$ 420	$ 546
Advertising costs	500	8,700
Accumulated other comprehensive income (loss)	$ 3,035,495	$ 572,591
Common Stock [Member]
Outstanding stock, percentage	20%
Asia Diamond Exchange Inc [Member]
Ownership percentage	100%
PHILUX Capital Advisors, Inc [Member]
Ownership percentage	100%

SCHEDULE OF FAIR VALUE OF INVES

SCHEDULE OF FAIR VALUE OF INVESTMENTS MARKETABLE EQUITY SECURITIES (Details) - USD ($)	Jun. 30, 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
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

SCHEDULE OF OTHER ASSETS (Detai

SCHEDULE OF OTHER ASSETS (Details) - USD ($)	Jun. 30, 2023	Jun. 30, 2022
Total Other Assets	$ 32,604	$ 36,161
PHILUX Global Funds [Member]
Total Other Assets	32,604	31,161
AQuarius Power, Inc [Member]
Total Other Assets		$ 5,000

OTHER CURRENT ASSETS (Details N

OTHER CURRENT ASSETS (Details Narrative) - USD ($)	Jun. 30, 2023	Jun. 30, 2022
Marketable securities	$ 420	$ 546
Other Current Assets [Member]
Marketable securities	$ 420.42

OTHER ASSETS (Details Narrative

OTHER ASSETS (Details Narrative)	12 Months Ended
	Jun. 30, 2023 USD ($)
PHILUX Global Funds [Member]
Investments	$ 32,604
AQuarius Power, Inc [Member]
Writeoff investments	5,000
Asia Diamond Exchange Development [Member]
Investments expenses	$ 464,849

SCHEDULE OF CURRENT LIABILITIES

SCHEDULE OF CURRENT LIABILITIES (Details) - USD ($)	Jun. 30, 2023	Jun. 30, 2022
Payables and Accruals [Abstract]
Accounts payable	$ 616,245	$ 615,805
Sub-fund obligations	1,624,775	1,574,775
Accrued expenses	1,485,310	931,417
Short-term loans and notes payable	1,164,685	676,888
Convertible Promissory Notes	297,805	756,250
Due to officers	1,027,782	1,077,218
Advances from customers and client deposits	1,079,038	665,434
Derivative liabilities and Note Discount	1,220,576	715,677
Total Current Liabilities	$ 8,516,217	$ 7,013,465

CURRENT LIABILITIES (Details Na

CURRENT LIABILITIES (Details Narrative) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2023	Jun. 30, 2022
Short-Term Debt [Line Items]
Accrued expenses	$ 1,028,095	$ 1,028,095
Accrued salaries	338,591	338,591
Accrued interest	117,625	117,625
Short-term notes payable	1,164,685	1,164,685
Short-term loans and notes payable	297,805	297,805	$ 756,250
Advance from customer	819,038	819,038	665,434
Advance from customers	158,604	934,872	1,592,557
Deposits	260,000	260,000
Settlement of liabilities	1,624,775	$ 1,624,775	$ 1,574,775
Ownership percentage of sub-fund participants		49%
European Plastic Joint Stock Company [Member]
Short-Term Debt [Line Items]
Settlement of liabilities	800,000	$ 800,000
Contribution for ownership percentage	2,000,000	2,000,000
Saigon Pho Palace Joint Stock Company [Member]
Short-Term Debt [Line Items]
Settlement of liabilities	518,409	518,409
Sinh Nguyen Co Ltd [Member]
Short-Term Debt [Line Items]
Settlement of liabilities	150,000	150,000
Tecco Group [Member]
Short-Term Debt [Line Items]
Real estate sub-fund	156,366.25	156,366.25
Convertible Promissory Notes [Member]
Short-Term Debt [Line Items]
Short-term loans and notes payable	$ 297,805	$ 297,805

SCHEDULE OF COMPONENTS OF DUE T

SCHEDULE OF COMPONENTS OF DUE TO OFFICERS AND DIRECTORS (Details) - USD ($)	Jun. 30, 2023	Jun. 30, 2022
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Total	$ 1,027,782	$ 1,077,218
Related Party [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Total	1,027,782	1,077,218
Henry Fahman [Member] | Related Party [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Total	364,432	413,868
Tam Bui [Member] | Related Party [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Total	$ 663,350	$ 663,350

DUE TO OFFICERS AND DIRECTORS_2

DUE TO OFFICERS AND DIRECTORS (Details Narrative) - USD ($)	Jun. 30, 2023	Jun. 30, 2022
Defined Benefit Plan Disclosure [Line Items]
Due to officers and directors	$ 1,027,782	$ 1,077,218
Related Party [Member]
Defined Benefit Plan Disclosure [Line Items]
Due to officers and directors	$ 1,027,782	$ 1,077,218

LOANS AND PROMISSORY NOTES (Det

LOANS AND PROMISSORY NOTES (Details Narrative) - USD ($)	Jun. 30, 2023	Jun. 30, 2022
Short-Term Debt [Line Items]
Convertible notes payable	$ 297,805	$ 756,250
Derivative liability	$ 1,220,576	$ 715,677
Minimum [Member]
Short-Term Debt [Line Items]
Debt instrument interest rate	0%
Maximum [Member]
Short-Term Debt [Line Items]
Debt instrument interest rate	36%
Short Term Notes Payable [Member]
Short-Term Debt [Line Items]
Short term notes payable	$ 945,598
Regular Short Term Notes [Member]
Short-Term Debt [Line Items]
Short term notes payable	901,848
SBA Loan [Member]
Short-Term Debt [Line Items]
Short term notes payable	43,750
Merchant Cash [Member]
Short-Term Debt [Line Items]
Convertible notes payable	219,087
Convertible Promissory Notes [Member]
Short-Term Debt [Line Items]
Convertible notes payable	297,805
Derivative liability	$ 1,220,576

DOMESTICATION IN THE STATE OF_2

DOMESTICATION IN THE STATE OF WYOMING (Details Narrative)	12 Months Ended
	Jun. 30, 2023 $ / shares shares	Jun. 30, 2022 $ / shares shares	Jun. 25, 2020 $ / shares shares	Sep. 20, 2017 $ / shares shares
Common stock shares authorized	60,000,000,000	60,000,000,000	40,000,000,000
Common stock par value | $ / shares	$ 0.001	$ 0.001	$ 0.001
Preferred stock shares authorized	500,000,000	500,000,000	500,000,000
Preferred stock, par value | $ / shares	$ 0.001	$ 0.001	$ 0.001
Conversion stock, description	The “Variable Conversion Price” shall mean 75% multiplied by the Market Price (as defined herein) (representing a discount rate of 25%). “Market Price” means the average Trading Price for the Company’s Common Stock during the ten (10) trading-day period ending one trading day prior to the date the Conversion Notice is sent by the Holder of the Class A Preferred Stock to the Company via facsimile or email (the “Conversion Date”)
Class B Series I Preferred Stock [Member]
Preferred stock shares authorized	1,000,000
Preferred stock, par value | $ / shares	$ 0.001
Preferred stock voting rights	the holders of Common Stock and shares of Class B Series I shall vote together or act together thereon as if a single class on all such matters; provided, in such voting or action each one share of Class B Series I shall be entitled to one hundred thousand (100,000) votes.
Board Of Directors [Member]
Purchase price percentage	120%
Subsidiary PHI Group Inc [Member]
Conversion stock, description	The Variable Conversion Price to be used in connection with the conversion into Common Stock of a subsidiary of PHI Group, Inc.’s shall mean 50% multiplied by the Market Price (as defined herein), representing a discount rate of 50%, of that Common Stock. “Market Price” means the average Trading Price for the Common Stock of said subsidiary of PHI Group, Inc.’s during the ten (10) trading-day period ending one trading day prior to the date the Conversion Notice is sent by the Holder of the Preferred Stock to the Company via facsimile or email (the “Conversion Date”).
American Pacific Plastics, Inc. [Member]
Convertible preferred stock shares issued	50,000,000
Preferred stock shares conversion ratio	80
Voting Common Stock [Member]
Common stock shares authorized				900,000,000
Common stock par value | $ / shares				$ 0.001
NonVoting Class A Series I Preferred Stock [Member]
Preferred stock shares authorized				50,000,000
Preferred stock, par value | $ / shares				$ 5
Non Voting Class A Series II Preferred Stock [Member]
Preferred stock shares authorized				25,000,000
Preferred stock, par value | $ / shares				$ 5
Non Voting Class A Series III Preferred Stock [Member]
Preferred stock shares authorized				20,000,000
Preferred stock, par value | $ / shares				$ 5
Voting Class A Series IV Preferred Stock [Member]
Preferred stock shares authorized				5,000,000
Preferred stock, par value | $ / shares				$ 5
Class A Series I Cumulative Convertible Redeemable Preferred Stock [Member]
Preferred stock shares authorized	50,000,000
Preferred stock, par value | $ / shares	$ 0.001
Preferred stock dividend rate	10%
Class A Series II Cumulative Convertible Redeemable Preferred Stock [Member]
Preferred stock shares authorized	200,000,000
Preferred stock, par value | $ / shares	$ 0.001
Preferred stock dividend rate	8%
Class A Series III Cumulative Convertible Redeemable Preferred Stock [Member]
Preferred stock shares authorized	50,000,000
Preferred stock, par value | $ / shares	$ 0.001
Preferred stock dividend rate	8%
Class A Series IV Cumulative Convertible Redeemable Preferred Stock [Member]
Preferred stock shares authorized	199,000,000
Preferred stock, par value | $ / shares	$ 0.001

SCHEDULE OF CONVERSIONS OF COMM

SCHEDULE OF CONVERSIONS OF COMMON STOCK (Details)	12 Months Ended
	Jun. 30, 2023 shares
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance, shares	31,429,380,289
Balance, shares	39,414,493,275
Common Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance, shares	31,429,380,289
Balance, shares	39,414,493,275
Common Stock [Member] | Issuances For Warrant Exercises [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Issuances for warrant exercises	1,879,166,666
Common Stock [Member] | Issuances For Conversion Of Notes [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Issuances for warrant exercises	4,455,811,523
Common Stock [Member] | Issuances For Cash To Certain Current Share Holders [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Issuances for warrant exercises	2,104,893,097
Common Stock [Member] | Cancellation Of Shares By Lender [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Issuances for warrant exercises	(454,758,300)

STOCKHOLDER_S EQUITY (Details N

STOCKHOLDER’S EQUITY (Details Narrative) - USD ($)	Jun. 30, 2023	Jun. 30, 2022	Jun. 25, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
Common stock shares authorized	60,000,000,000	60,000,000,000	40,000,000,000
Common stock par value	$ 0.001	$ 0.001	$ 0.001
Preferred stock, shares authorized	500,000,000	500,000,000	500,000,000
Preferred stock par value	$ 0.001	$ 0.001	$ 0.001
Teasury stock value	$ 44,170	$ 44,170
Common stock shares outstanding	39,414,493,275	31,429,380,453
Treasury Stock, Common [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Teasury stock, shares	487,767
Common Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Common stock shares outstanding	39,414,493,275
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)	12 Months Ended
	Jun. 30, 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)	12 Months Ended
	Jun. 30, 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 PLANS (Details Narrative) - $ / shares	Sep. 23, 2016	Mar. 18, 2015
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Employee benefit plan shares of common stock for eligible employees		1,000,000
Henry Fahman [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [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 OTHER INCOME (EXPEN

SCHEDULE OF OTHER INCOME (EXPENSE) (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2023	Jun. 30, 2022
Other Income and Expenses [Abstract]
Interest expense	$ (158,604)	$ (934,872)	$ (1,592,557)
Other income		488
Net other income/expense		(3,674,139)
NET OTHER INCOME (EXPENSES)		$ (4,608,523)	$ (4,254,515)

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative)	Jun. 30, 2023 USD ($) shares
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Accrued salaries	$ 1,028,095
Class B Series Preferred Stock [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Preferred stock, shares outstanding | shares	600,000
President, Chief Executive Officer, Chief Operating Officer and Secretary and Treasurer [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Accrued salaries	$ 360,000

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative)	12 Months Ended
	Jun. 30, 2023 USD ($)
Income Tax Disclosure [Abstract]
Operating loss carryforwards	$ 77,319,372
Operating loss carryforwards, limitations of use	The net operating loss carry forward may be used to reduce taxable income through the year 2036. Net operating loss for carry forwards for the State of California is generally available to reduce taxable income through the year 2026. The availability of the Company’s net operating loss carry-forward is subject to limitation if there is a 50% or more positive change in the ownership of the Company’s stock

CONTRACTS AND COMMITMENTS (Deta

CONTRACTS AND COMMITMENTS (Details Narrative) - USD ($)

3 Months Ended

Oct. 13, 2023

Sep. 06, 2023

Jun. 27, 2023

Jun. 05, 2023

Jun. 01, 2023

May 22, 2023

Mar. 21, 2023

Feb. 21, 2023

Aug. 16, 2022

Aug. 13, 2022

Mar. 01, 2022

Sep. 20, 2018

Oct. 13, 2023

Sep. 30, 2023

Mar. 31, 2023

Jun. 30, 2023

May 31, 2023

Mar. 14, 2023

Mar. 03, 2023

Aug. 03, 2022

Jul. 08, 2022

Jun. 30, 2022

Jan. 26, 2022

Jan. 18, 2022

Aug. 10, 2020

Aug. 06, 2018

Stock issued during period value new issues

$ 185,000

Convertible Promissory Notes

$ 297,805

$ 756,250

Common stock to be issued

$ 22,500

Share-Based Payment Arrangement, Tranche One [Member]

Investments

$ 500,000

$ 50,000,000

Share-Based Payment Arrangement, Tranche Two [Member]

Investments

50,000,000

Investor [Member]

Investments

200,000

50,000,000

Maximum [Member]

Debt instrument interest rate stated percentage

36%

Minimum [Member]

Debt instrument interest rate stated percentage

0%

Convertible Promissory Note [Member]

Debt instrument interest rate stated percentage

61%

Tecco Group [Member]

Contributed amount

$ 156,366.25

$ 2,000,000

Common Stock [Member]

Stock issued during period value new issues

$ 185,000

Ordinary shares newly issued

185,000,000

Common Stock [Member] | Convertible Promissory Note [Member] | Subsequent Event [Member]

Conversion of notes

187,540,984

Tecco Group [Member]

Investment ownership percentage

49%

Vietnamese Authorities [Member]

Investment ownership percentage

15%

PHI Group [Member]

Investment ownership percentage

85%

Mr. Smet [Member]

Investment ownership percentage

50%

Jinshan Limited Liability [Member]

Investment ownership percentage

51%

SSE Global Group [Member]

Investment ownership percentage

50%

Philux Global Group [Member]

Investment ownership percentage

40%

Saphia Alkali Joint Stock Company [Member]

Investment ownership percentage

60%

Mast Hill Fund LP [Member] | Subsequent Event [Member]

Ordinary shares newly issued

359,102,844

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

Debt instrument interest rate stated percentage

12%

Notes payable

$ 185,000

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

Debt instrument interest rate effective percentage

16%

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

Debt instrument convertible conversion price

$ 0.001

Mast Hill Fund LP [Member] | Common Stock [Member] | Convertible Promissory Note [Member] | Subsequent Event [Member]

Conversion of notes

2,931,619,052

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

Investment ownership percentage

70%

Virginia Limited Liability [Member]

Notes payable

$ 59,537

Virginia Limited Liability [Member] | Minimum [Member]

Notes payable

2,000

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

Convertible Promissory Notes

$ 52,805

$ 55,000

Debt instrument interest rate stated percentage

17%

8%

Debt instrument interest rate effective percentage

22%

22%

Debt instrument convertible conversion price

$ 0.001

Accrued unpaid interest

$ 9,256.17

$ 9,256.17

Debt instrument interest rate stated percentage

58%

Saigon Silicon City Joint Stock [Member]

Investments

500,000,000

Administrative and legal requirements fees

$ 1,500,000,000

$ 50,000,000

$ 500,000

Financing commitments

$ 4,500,000,000

Hoang Duc Thien Co [Member]

Payment for real estate investment

$ 2,000,000

Equity Purchase Agreement [Member] | Mast Hill Fund LP [Member]

Equity line of credit

$ 10,000,000

Aggregate equity line of credit

$ 10,000,000

Description of purchase price

The purchase price per share shall mean 90% of the average of the 2 lowest volume-weighted average prices of the Common Stock during the Pricing Period, less clearing fees, brokerage fees, other legal, and transfer agent fees incurred in the deposit (the “Net Purchase Amount”). The Investor shall pay the Net Purchase Amount to the Company by wire for each Drawdown Notice within 2 business days of the end of the Pricing Period.

Description of drawdown notice

The put amount in each Drawdown Notice shall not be less than $50,000 and shall not exceed the lesser of (i) $500,000 or (ii) 200% of the average dollar trading volume of the Common Stock during the 7 trading days immediately before the Put Date, subject to Beneficial Ownership cap.

Business Cooperation Agreement [Member]

Investments

$ 300,000,000

Business Cooperation Agreement [Member] | Vinafilms Joint Stock Company [Member]

Investment ownership percentage

51%

Stock Swap Agreement [Member] | Vinafilms Joint Stock Company [Member]

Investment ownership percentage

76%

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

Conversion of ordinary shares

50,000,000

Stock Swap Agreement [Member] | Vinafilms Joint Stock Company [Member] | Common Stock [Member]

Conversion of ordinary shares

3,060,000

Purchase and Sales Agreement [Member]

Business acquisition transaction costs

$ 64,125,000

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

Investment ownership percentage

50.10%

50.10%

Business acquisition transaction costs

$ 15,655,248

$ 12,524,469

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

Investment ownership percentage

50.10%

50.10%

Business acquisition transaction costs

$ 64,504,752

$ 51,600,531

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

Investment owned at fair value

$ 3,000,000,000

Investment owned percent of net assets

40%

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

Investment ownership percentage

51%

Number of shares acquired

22,032,000

Stock issued during period value new issues

$ 60,000,000

Purchase And Sale [Member] | Van Phat Dat Joint Stock [Member]

Investment ownership percentage

51%

Stock issued during period value new issues

$ 6,127,895

Ordinary shares newly issued

5,100,000

Purchase And Sale [Member] | Jinshan Limited Liability [Member]

Stock issued during period value new issues

$ 5,194,714

Purchase And Sale [Member] | Jinshan Limited Liability [Member] | Subsequent Event [Member]

Ordinary shares newly issued

2,500,000,000

GOING CONCERN UNCERTAINTY (Deta

GOING CONCERN UNCERTAINTY (Details Narrative) - USD ($)	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accumulated deficit	$ 77,319,372			$ 71,717,973
Total stockholders deficit	$ 8,222,002	$ 8,286,628	$ 6,881,906	$ 6,543,502

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - shares		3 Months Ended
	Sep. 06, 2023	Oct. 13, 2023	Sep. 30, 2023	Mar. 31, 2023
Common Stock [Member]
Subsequent Event [Line Items]
Number of common stock, shares				185,000,000
Subsequent Event [Member] | Jinshan Limited Liability [Member] | Purchase And Sale [Member]
Subsequent Event [Line Items]
Number of common stock, shares		2,500,000,000
Subsequent Event [Member] | Common Stock [Member] | Convertible Promissory Note [Member]
Subsequent Event [Line Items]
Conversion of promissory notes	187,540,984
Mast Hill Fund LP [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Number of common stock, shares			359,102,844
Mast Hill Fund LP [Member] | Subsequent Event [Member] | Common Stock [Member] | Convertible Promissory Note [Member]
Subsequent Event [Line Items]
Conversion of promissory notes			2,931,619,052