Philux Global (PHIL) 10-Q 20 Nov 23 2024 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Sep. 30, 2023	Nov. 20, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2023
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2024
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	642-0571
Title of 12(b) Security	Common Stock
Trading Symbol	PHIL
Entity Current Reporting Status	Yes
Entity Interactive Data Current	No
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		43,123,215,171

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($)	Sep. 30, 2023	Jun. 30, 2023
Current Assets
Cash and cash equivalents	$ 3,778	$ 19,765
Marketable securities	5	420
Other current assets	241,426	241,426
Total current assets	245,209	261,611
Other assets:
Investments	32,598	32,604
Total Assets	277,807	294,215
Current Liabilities
Accounts payable	616,075	616,245
Sub-fund obligations	1,624,775	1,624,775
Accrued expenses	2,048,642	1,485,310
Short-term loans and notes payable	1,672,386	1,164,685
Convertible Promissory Notes	218,167	297,805
Due to officers	339,141	1,027,782
Advances from customers and client deposits	1,079,038	1,079,038
Derivative liabilities and Note Discount	1,220,576	1,220,576
Total Liabilities	8,818,800	8,516,217
Stockholders’ deficit:
Total Preferred Stock	2,440	2,440
Common stock, $0.001 par value; 60 billion shares authorized; 42,705,215,171 shares issued and outstanding on 9/30/2023; 60 billion shares authorized and 39,414,493 shares issued and outstanding on 6/30/2023, respectively, adjusted for 1 for 1,500 reverse split effective March 15, 2012. Par value:	42,705,215	39,414,493
APIC - Common Stock	31,416,653	32,773,102
Common Stock to be issued	759,562	22,500
Common Stock to be cancelled	(35,500)	(35,500)
Treasury stock: 484,767 shares as of 9/30/23 and 6/30/23, respectively - cost method.	(44,170)	(44,170)
Accumulated deficit	(80,309,276)	(77,319,372)
Total Acc. Other Comprehensive Income (Loss)	(3,035,916)	(3,035,495)
Total stockholders’ deficit	(8,540,992)	(8,222,002)
Total liabilities and stockholders’ deficit	277,808	294,215
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 9/30/2023 and 6/30/2023 respectively. Par value:	600	600
APIC - Class B Series I	1,840	1,840
Related Party [Member]
Current Liabilities
Due to officers	$ 339,141	$ 1,027,782

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	3 Months Ended	12 Months Ended
	Sep. 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	42,705,215,171	39,414,493
Common stock, shares outstanding	42,705,215,171	39,414,493
Reverse stock split	1 for 1,500 reverse split	1 for 1,500 reverse split
Treasury stock, shares	484,767	484,767
Class B Series I Preferred Stock [Member]
Preferred stock, shares issued	600,000	600,000
Preferred stock, shares outstanding	600,000	600,000

Consolidated Statement of Opera

Consolidated Statement of Operations (Unaudited) - USD ($)	3 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Net revenues
Consulting, advisory and management services		$ 25,000
Total revenues		25,000
Operating expenses:
Salaries and wages	52,500	90,000
Professional services, including non-cash compensation	151,854	183,915
General and administrative	41,377	12,889
Total operating expenses	245,731	286,804
Income (loss) from operations	(245,731)	(261,804)
Other income and expenses
Other income	18	370
Interest expense	(43,677)	(303,133)
Other expenses	(2,700,514)	(1,256,446)
Net other income (expenses)	(2,744,173)	(1,559,209)
Net income (loss)	$ (2,989,904)	$ (1,821,013)
Net loss per share:
Basic	$ 0	$ 0
Diluted	$ 0	$ 0
Weighted average number of shares outstanding:
Basic	41,055,882,399	32,373,704,704
Diluted	41,055,882,399	32,373,704,704

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Cash flows from operating activities:
Net income (loss) from operations	$ (2,989,904)	$ (1,821,013)
Mark-to-market adjustments		(186)
Net change due to non-cash issuances of stock	1,804,273	2,082,983
Cash in transit		9,500
Derivative liabilities		(613,309)
(Increase) decrease in assets and prepaid expenses
Total deferred financing costs		(185,965)
Total (increase) decrease in assets and prepaid expenses		(185,965)
Increase (decrease) in accounts payable and accrued expenses
Accounts payable	(170)	(4,350)
Sub-fund obligations		11,844
Accrued expenses	563,331	118,268
Advances from customers		(5,000)
Total increase (decrease) in accounts payable and accrued expenses	563,161	120,762
Net cash provided by (used in) operating activities	(622,470)	(407,228)
Cash flows from investing activities:
Net cash provided by (used in) investing activities
Cash flows from financing activities:
Loans from Directors/Officers	(25,291)	(41,332)
Loans and Notes payable	(105,288)	378,590
Common Stock to be issued	737,062	16,000
Net cash provided by (used in) financing activities	606,483	353,258
Net decrease in cash and cash equivalents	(15,987)	(53,970)
Cash and cash equivalents, beginning of period	19,764	67,896
Cash and cash equivalents, end of period	$ 3,778	$ 13,926

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)
Common Shares issued for conversions of promissory notes durng the quarter ended	$ 392,097	(158,483)								233,614
Common Shares issued for conversions of promissory notes during the quarter ended, 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 durng the quarter ended	$ 1,909,744	(333,569)								1,576,175
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 during the quarter ended March 31, 2023	$ 185,000									185,000
Common Shares issued for contractual obligation during the quarter ended March 31, 2023, shares	185,000,000
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 conversions of promissory notes during the quarter ended, shares	1,909,744,449
Common Shares issued for cash	$ 1,495,583	(576,187)								919,396
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	$ 39,414,493	32,773,102	$ 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)
Common shares issued for conversion of notes by Brin Financial Corporation during 9/30/23 quarter	$ 171,562	(68,625)								102,937
Common shares issued for conversion of notes by Brin Financial Corporation during 9/30/23 quarter, shares	171,561,860
Common Shares issued for exercise of warrants by Mast Hill Fund LP during 9/30/23 quarter	$ 2,931,619	(1,175,299)								1,756,320
Common Shares issued for exercise of warrants by Mast Hill Fund LP during 9/30/23 quarter, shares	2,931,619,052
Common shares issued for conversion of note by 1800 Diagonal Lending LLC  during 9/30/23 quarter	$ 187,541	(112,525)								75,016
Common shares issued for conversion of note by 1800 Diagonal Lending LLC, shares	187,540,984
Balance at Sep. 30, 2023	$ 42,705,215	$ 31,416,653	$ 600	$ 1,840	$ (44,170)	$ (35,000)	$ 759,562	$ (3,035,916)	$ (80,309,276)	$ (8,540,992)
Balance, shares at Sep. 30, 2023	42,705,215,171		60,000		(484,767)

NATURE OF BUSINESS

NATURE OF BUSINESS	3 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NATURE OF BUSINESS	NOTE 1 NATURE OF BUSINESS INTRODUCTION PHI Group, Inc. (n/k/a Philux Global Group Inc) (the “Company” or “PHI”) ( www.philuxglobal.com ) BACKGROUND Originally incorporated on June 8, 1982 as JR Consulting, Inc., a Nevada corporation, the Company applied for a Certificate of Domestication and filed Articles of Domestication to become a Wyoming corporation on September 20, 2017. In the beginning, the Company was foremost engaged in mergers and acquisitions and had an operating subsidiary, Diva Entertainment, Inc., which operated two modeling agencies, one in New York and one in California. In January 2000, the Company changed its name to Providential Securities, Inc., a Nevada corporation, following a business combination with Providential Securities, Inc., a California-based financial services company. In February 2000, the Company then changed its name to Providential Holdings, Inc. In October 2000, Providential Securities withdrew its securities brokerage membership and ceased its financial services business. Subsequently, in April 2009, the Company changed its name to PHI Group, Inc. From October 2000 to October 2011, the Company and its subsidiaries were engaged in various transactions in connection with mergers and acquisitions advisory and consulting services, real estate and hospitality development, mining, oil and gas, telecommunications, technology, healthcare, private equity, and special situations. In October 2011, the Company discontinued the operations of Providential Vietnam Ltd., Philand Ranch Limited, a United Kingdom corporation (together with its subsidiaries Philand Ranch - Singapore, Philand Corporation - US, and Philand Vietnam Ltd. - Vietnam), PHI Gold Corporation (formerly PHI Mining Corporation, a Nevada corporation), and PHI Energy Corporation (a Nevada corporation), and mainly focused on acquisition and development opportunities in energy and natural resource businesses. The Company is currently focused on Philux Global Funds, SCA, SICAV-RAIF by launching Philux Global Select Growth Fund and potentially other sub-funds for investment in real estate, renewable energy, infrastructure, agriculture, healthcare and the International Financial Center and Asia Diamond Exchange in Vietnam. In addition, Philux Capital Advisors, 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 The Company intends to amend the Purchase and Sale Agreement that was originally signed on January 18, 2022 with Five-Grain Treasure Spirits Co., Ltd., a Chinese baiju distiller, to collaborate in launching American-made baiju products through Empire Spirits, Inc., a subsidiary of the Company. In February 2023, the Company signed a comprehensive business cooperation agreement with Dr. Tri Viet Do, a German-trained electromagnetic energy and quantum physics expert, to jointly develop and commercialize a number of key products using proprietary intellectual properties by him, with initial focus on clean energy generation and transportation. In addition, in May 2023, the company signed a business cooperation agreement with SSE Global JSC, a Vietnamese joint stock company, to establish SSE Global Group, Inc., a Wyoming corporation, ( www.sseglobalgroup.com Moreover, in June 2023 the Company signed a business cooperation agreement with Saphia Alkali JSC, a Vietnamese joint stock company, to form Sapphire Alkali Global Group in the United States to finance, manufacture, sell and distribute Saphia Alkali’s proprietary products on a worldwide basis. These activities are disclosed in greater detail elsewhere in this report. No assurances can be made that the Company will be successful in achieving its plans. BUSINESS STRATEGY PHI’s strategy is to: 1. Identify, build, acquire, commit and deploy valuable resources with distinctive competitive advantages; 2. Identify, evaluate, acquire, participate and compete in attractive businesses that have large, growing market potential; 3. Build an attractive investment that includes points of exit for investors through capital appreciation or spin-offs of business units.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Sep. 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 PHI Group, Inc. (a/k/a Philux Global Group, Inc.) and its active wholly owned subsidiaries: (1) Philux Capital Advisors, Inc., a Wyoming corporation ( 100 100 100 100 100 100 INTERIM CONSOLIDATED FINANCIAL STATEMENTS The accompanying unaudited interim consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. These statements should be read in conjunction with the audited financial statements for the year ended June 30, 2023. In the opinion of management, all adjustments consisting of normal reoccurring accruals have been made to the financial statements. The results of operation for the three months ended September 30, 2023 are not necessarily indicative of the results to be expected for the fiscal year ending June 30, 2024. USE OF ESTIMATES The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. Cash and Cash Equivalents The Company considers all liquid investments with a maturity of three months or less from the date of purchase that are readily convertible into cash to be cash equivalents. MARKETABLE SECURITIES The Company’s securities are classified as available-for-sale and, as such, are carried at fair value. Securities classified as available-for-sale may be sold in response to changes in interest rates, liquidity needs, and for other purposes. Typically, each investment in marketable securities represents less than twenty percent ( 20 Unrealized holding gains and losses for available-for-sale securities are excluded from earnings and reported as a separate component of stockholder’s equity. Realized gains and losses for securities classified as available-for-sale are reported in earnings based upon the adjusted cost of the specific security sold. On September 30, 2023, the marketable securities were recorded at $ 5 based upon the fair value of the marketable securities at that time. FAIR VALUE OF FINANCIAL INSTRUMENTS Fair Value - Definition and Hierarchy Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Assets and liabilities measured at fair value are categorized based on whether or not the inputs are observable in the market and the degree that the inputs are observable. The categorization of financial assets and liabilities within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. A fair value hierarchy for inputs is used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs are to be used when available. Valuation techniques that are consistent with the market or income approach are used to measure fair value. The fair value hierarchy is categorized into three levels based on the inputs as follows: Level Level Level 3 Fair value is a market-based measure, based on assumptions of prices and inputs considered from the perspective of a market participant that are current as of the measurement date, rather than an entity-specific measure. Therefore, even when market assumptions are not readily available, the Company’s own assumptions are set to reflect those that market participants would use in pricing the asset or liability at the measurement date. The availability of valuation techniques and observable inputs can vary from investment to investment and are affected by a wide variety of factors, including; type of investment, whether the investment is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the transaction. To the extent that valuation is based upon models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Because of the inherent uncertainty of valuation, those estimated values may be materially higher or lower than the values that would have been used had a ready market for the investments existed. Accordingly, the degree of judgment exercised by the Fund in determining fair value is greatest for investments categorized in Level 3. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level in the fair value hierarchy in which the fair value measurement falls in its entirety is determined based upon the lowest level input that is significant to the fair value measurement. Fair Value - Valuation Techniques and Inputs The Company holds and may invest public securities traded on public exchanges or over-the-counter (OTC), private securities, real estate, convertible securities, interest bearing securities and other types of securities and has adopted specific techniques for their respective valuations. Equity Securities in Public Companies Unrestricted The Company values investments in securities that are freely tradable and listed on major securities exchanges at their last reported sales price as of the valuation date. To the extent these securities are actively traded and valuation adjustments are not applied, they are categorized in Level 1 of the fair value hierarchy. Securities traded on inactive markets or valued by reference to similar instruments are generally categorized in Level 2 or 3 of the fair value hierarchy. Restricted Securities traded on public exchanges or over-the-counter (OTC) where there are formal restrictions that limit (i.e. Rule 144 holding periods and underwriter’s lock-ups) their sale shall be valued at the closing price on the date of valuation less applicable discounts. The Company may apply a discount to securities with Rule 144 restrictions. Additional discounts may be assessed if the Company believes there are other mitigating factors which warrant the additional discounting. When determining potential additional discounts, factors that will be taken into consideration include, but are not limited to; securities’ trading characteristics, volume, length and overall impact of the restriction as well as other macro-economic factors. Valuations should be discounted appropriately until the securities may be freely traded. If it has been determined that the exchange or OTC listed price does not accurately reflect fair market value, the Company may elect to treat the security as a private company and apply an alternative valuation method. Investments in restricted securities of public companies may be included in Level 2 of the fair value hierarchy. However, to the extent that significant inputs used to determine liquidity discounts are not observable, investments in restricted securities in public companies may be categorized in Level 3 of the fair value hierarchy. The Company’s financial instruments primarily consist of cash and cash equivalents, accounts receivable, marketable securities, short-term notes payable, convertible notes, derivative liability and accounts payable. As of the balance sheet dates, the estimated fair values of the financial instruments were not materially different from their carrying values as presented on the balance sheet. This is primarily attributed to the short maturities of these instruments. Effective July 1, 2008, the Company adopted ASC 820 (previously SFAS 157), Fair Value Measurements Assets measured at fair value on a recurring basis are summarized below. The Company also has convertible notes and derivative liabilities as disclosed in this report that are measured at fair value on a regular basis until paid off or exercised. Available-for-sale securities The Company uses various approaches to measure fair value of available-for-sale securities, while applying the three-level valuation hierarchy for disclosures, specified in ASC 820. Our Level 1 securities were measured using the quoted prices in active markets for identical assets and liabilities. The company’s policy regarding the transfers in and/or out of Level 3 depends on the trading activity of the security, the volatility of the security, and other observable units which clearly represents the fair value of the security. If a level 3 security can be measured using a more fairly represented fair value, we will transfer these securities either into Level 1 or Level 2, depending on the type of inputs. ACCOUNTS RECEIVABLE Management reviews the composition of accounts receivable and analyzes historical bad debts. As of September 30, 2023, the Company did not have any accounts receivable. PROPERTIES AND EQUIPMENT Property and equipment are carried at cost less accumulated depreciation. Depreciation is provided using the straight-line method over the estimated useful life of the assets from three five years REVENUE RECOGNITION STANDARDS ASC 606-10 provides the following overview of how revenue is recognized from an entity’s contracts with customers: An entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Step 1: Identify the contract(s) with a customer. Step 2: Identify the performance obligations in the contract. Step 3: Determine the transaction price – The transaction price is the amount of consideration in a contract to which an entity expects to be entitled in exchange for transferring promised goods or services to a customer. Step 4: Allocate the transaction price to the performance obligations in the contract – Any entity typically allocates the transaction price to each performance obligation on the basis of the relative standalone selling prices of each distinct good or service promised in the contract. Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation – An entity recognizes revenue when (or as) it satisfies a performance obligation by transferring a promised good or service to a customer (which is when the customer obtains control of that good or service). The amount of revenue recognized is the amount allocated to the satisfied performance obligation. A performance obligation may be satisfied at a point in time (typically for promises to transfer goods to a customer) or over time (typically for promises to transfer service to a customer). For performance obligations satisfied over time, an entity recognizes revenue over time by selecting an appropriate method for measuring the entity’s progress toward complete satisfaction of that performance obligation. (Paragraphs 606-10 25-23 through 25-30). In addition, ASC 606-10 contains guidance on the disclosures related to revenue, and notes the following: It also includes a cohesive set of disclosure requirements that would result in an entity providing users of financial statements with comprehensive information about the nature, amount, timing, and uncertainty of revenue and cash flows arising from the entity’s contracts with customers. Specifically, Section 606-10-50 requires an entity to provide information about: - Revenue recognized from contracts with customers, including disaggregation of revenue into appropriate categories. - Contract balances, including the opening and closing balances of receivables, contract assets, and contract liabilities. - Performance obligations, including when the entity typically satisfies its performance obligations and the transaction prices is that is allocated to the remaining performance obligations in a contract. - Significant judgments, and changes in judgments, made in applying the requirements to those contracts. Additionally, Section 340-40-50 requires an entity to provide quantitative and/or qualitative information about assets recognized from the costs to obtain or fulfill a contract with a customer. The Company’s revenue recognition policies are in compliance with ASC 606-10. The Company recognizes consulting and advisory fee revenues in accordance with the above-mentioned guidelines and expenses are recognized in the period in which the corresponding liability is incurred. STOCK-BASED COMPENSATION Effective July 1, 2006, the Company adopted ASC 718-10-25 (previously SFAS 123R) and accordingly has adopted the modified prospective application method. Under this method, ASC 718-10-25 is applied to new awards and to awards modified, repurchased, or cancelled after the effective date. Additionally, compensation cost for the portion of awards that are outstanding as of the date of adoption for which the requisite service has not been rendered (such as unvested options) is recognized over a period of time as the remaining requisite services are rendered. RISKS AND UNCERTAINTIES In the normal course of business, the Company is subject to certain risks and uncertainties. The Company provides its service and receives marketable securities upon execution of transactions. Consequently, the value of the securities received from customers can be affected by economic fluctuations and each customer’s business growth. The actual realized value of these securities could be significantly different than recorded value. RECENT ACCOUNTING PRONOUNCEMENTS In August 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2020-06-Debt-Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging-Contracts in Entity’s Own Equity (Subtopic 815-40)-Accounting For Convertible Instruments and Contracts in an Entity’s Own Equity. The ASU simplifies accounting for convertible instruments by removing major separation models required under current GAAP. Consequently, more convertible debt instruments will be reported as a single liability instrument with no separate accounting for embedded conversion features. The ASU removes certain settlement conditions that are required for equity contracts to qualify for the derivative scope exception, which will permit more equity contracts to qualify for it. The ASU also simplifies the diluted net income per share calculation in certain areas. The new guidance is effective for annual and interim periods beginning after December 15, 2021, and early adoption is permitted for fiscal years beginning after December 15, 2020. The Company intends to adopt ASU 2020-06 for the quarter beginning January 1, 2023. Update No. 2018-13 – August 2018 Fair Value Measurement (Topic 820): Changes to the Disclosure Requirements for Fair Value Measurement Modifications: The following disclosure requirements were modified in Topic 820: 1. In lieu of a roll-forward for Level 3 fair value measurements, a non-public entity is required to disclose transfers into and out of Level 3 of the fair value hierarchy and purchases and issues of Level 3 assets and liabilities. 2. For investments in certain entities that calculate net asset value, an entity is required to disclose the timing of liquidation of an investee’s assets and the date when restrictions from redemption might lapse only if the investee has communicated the timing to the entity or announced the timing publicly. 3. The amendments clarify that the measurement uncertainty disclosure is to communicate information about the uncertainty in measurement as of the reporting date. Additions: The following disclosure requirements were added to Topic 820; however, the disclosures are not required for non-public entities: 1. The changes in unrealized gains and losses for the period included in other comprehensive income for recurring Level 3 fair value measurements held at the end of the reporting period. 2. The range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements. For certain unobservable inputs, an entity may disclose other quantitative information (such as the median or arithmetic average) in lieu of the weighted average if the entity determines that other quantitative information would be a more reasonable and rational method to reflect the distribution of unobservable inputs used to develop Level 3 fair value measurements. The amendments in this Update are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Update No. 2018-07 – June 2018 Compensation – Stock Compensation (Topic 718) Improvements to Nonemployee Share-Based Payment Accounting Main Provisions: The amendments in this Update expand the scope of Topic 718 to include share-based payment transactions for acquiring goods and services from nonemployees. An entity should apply the requirements of Topic 718 to nonemployee awards except for specific guidance on inputs to an option pricing model and the attribution of cost (that is, the period of time over which share-based payment awards vest and the pattern of cost recognition over that period). The amendments specify that Topic 718 applies to all share-based payment transactions in which a grantor acquires goods or services to be used or consumed in a grantor’s own operations by issuing share-based payment awards. The amendments also clarify that Topic 718 does not apply to share-based payments used to effectively provide (1) financing to the issuer or (2) awards granted in conjunction with selling goods or services to customers as part of a contract accounted for under Topic 606, Revenue from Contracts with Customers. The amendments in this Update are effective for public business entities for fiscal years beginning after December 15, 2018, including interim periods within that fiscal year. Update No. 2017-13 - September 2017 Revenue Recognition (Topic 605), Revenue from Contracts with Customers (Topic 606) FASB Accounting Standards Updates No. 2014-09, Revenue from Contracts with Customers (Topic 606), issued in May 2014 and codified in ASC Topic 606, Revenue from Contracts with Customers, and No. 2016-02. The transition provisions in ASC Topic 606 require that a public business entity and certain other specified entities adopt ASC Topic 606 for annual reporting 3 periods beginning after December 15, 2017, including interim reporting periods within that reporting period. FN2 All other entities are required to adopt ASC Topic 606 for annual reporting periods beginning after December 15, 2018, and interim reporting periods within annual reporting periods beginning after December 15, 2019. Update No. 2016-10 - April 2016 Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing The core principle of the guidance in Topic 606 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps: 1. Identify the contract(s) with a customer. 2. Identify the performance obligations in the contract. 3. Determine the transaction price. 4. Allocate the transaction price to the performance obligations in the contract. 5. Recognize revenue when (or as) the entity satisfies a performance obligation. The amendments in this Update do not change the core principle of the guidance in Topic 606. Rather, the amendments in this Update clarify the following two aspects of Topic 606: identifying performance obligations and the licensing implementation guidance, while retaining the related principles for those areas. The Company has either evaluated or is currently evaluating the implications, if any, of each of these pronouncements and the possible impact they may have on the Company’s financial statements. In most cases, management has determined that the implementation of these pronouncements would not have a material impact on the financial statements taken as a whole.

MARKETABLE EQUITY SECURITIES AV

MARKETABLE EQUITY SECURITIES AVAILABLE FOR SALE	3 Months Ended
	Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract]
MARKETABLE EQUITY SECURITIES AVAILABLE FOR SALE	NOTE 3 MARKETABLE EQUITY SECURITIES AVAILABLE FOR SALE The Company’s marketable securities are classified as available-for-sale and, as such, are carried at fair value. All of the securities are comprised of shares of common stock of the investee. Securities classified as available-for-sale may be sold in response to changes in interest rates, liquidity needs, and for other purposes. These marketable securities are quoted on the OTC Markets or other public exchanges and are accounted for in accordance with the provisions of SFAS No. 115. Marketable securities held by the Company and classified as available for sale as of September 30, 2023 consisted of 91 5 SCHEDULE OF FAIR VALUE OF INVESTMENTS MARKETABLE EQUITY SECURITIES Securities available for sale Level 1 Level 2 Level 3 Total September 30, 2023 None $ 5 $ 0 $ 5 June 30, 2023 None $ 420 $ 0 $ 420

PROPERTIES AND EQUIPMENT

PROPERTIES AND EQUIPMENT	3 Months Ended
	Sep. 30, 2023
Property, Plant and Equipment [Abstract]
PROPERTIES AND EQUIPMENT	NOTE 4 PROPERTIES AND EQUIPMENT The Company did not have any properties or equipment as of September 30, 2023.

OTHER ASSETS

OTHER ASSETS	3 Months Ended
	Sep. 30, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
OTHER ASSETS	NOTE 5 OTHER ASSETS Other Assets as of September 30, 2023 and June 30, 2023 comprise of: SCHEDULE OF OTHER ASSETS September 30, 23 June 30, 2023 Investment in PHILUX Global Funds, SCA, SICAV-RAIF $ 32,598 $ 32,604 Total Other Assets $ 32,598 $ 32,604 For the investments in PHILUX Global Funds, as of September 30, 2023, PHI Luxembourg Development SA, a Luxembourg corporation and wholly-owned subsidiary of PHI Group, Inc. held twenty-eight 28,000 100 1,000 100 1,000 32,598 The Company has treated all development costs of the Asia Diamond Exchange as expenses which will be capitalized as common shares in Asia Diamond Exchange, Inc., a Wyoming corporation.

CURRENT LIABILITIES

CURRENT LIABILITIES	3 Months Ended
	Sep. 30, 2023
Payables and Accruals [Abstract]
CURRENT LIABILITIES	NOTE 6 CURRENT LIABILITIES Current Liabilities of the Company consist of the followings as of September 30, 2023 and June 30, 2023. SCHEDULE OF CURRENT LIABILITIES Current Liabilities September 30, 2023 June 30, 2023 Accounts payable 616,075 616,245 Sub-fund obligations 1,624,775 1,624,775 Accrued expenses 2,048,642 1,485,310 Short-term loans and notes payable 1,672,386 1,164,685 Convertible Promissory Notes 218,167 297,805 Due to officers 339,141 1,027,782 Advances from customers and client deposits 1,079,038 1,079,038 Derivative liabilities and Note Discount 1,220,576 1,220,576 Total Liabilities 8,818,800 8,516,217 ACCRUED EXPENSES: Accrued expenses as of September 30, 2023 totaling $ 2,048,642 1,080,595 371,158 3,764 593,125 NOTES PAYABLE: As of September 30, 2023, Notes Payable consist of $ 1,490,198 43,750 218,167 138,437 ADVANCES FROM CUSTOMERS AND DEPOSITS FROM CLIENTS: As of September 30, 2023, the Company recorded $ 819,038 260,000 SUB-FUND OBILGATIONS: The Company has recorded a total of $ 1,624,775

DUE TO OFFICERS

DUE TO OFFICERS	3 Months Ended
	Sep. 30, 2023
Due To Officers
DUE TO OFFICERS	NOTE 7 DUE TO OFFICERS Due to officer, represents loans and advances made by officers and directors of the Company and its subsidiaries, unsecured and due on demand. As of September 30, 2023 and June 30, 2023, the balances were $ 339,141 1,027,782 663,350 SCHEDULE OF COMPONENTS OF DUE TO OFFICERS AND DIRECTORS Officers/Directors Sep 30, 2023 Jun 30, 2023 Henry Fahman 339,141 $ 364,432 Tam Bui 0 $ 663,350 Total $ 339,141 $ 1,027,782

LOANS AND PROMISSORY NOTES

LOANS AND PROMISSORY NOTES	3 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
LOANS AND PROMISSORY NOTES	NOTE 8 LOANS AND PROMISSORY NOTES A. SHORT TERM NOTES PAYABLE: In the course of its business, the Company has obtained short-term loans from individuals and institutional investors. As of September 30, 2023, the Company had a total of $ 1,490,198 371,158 593,125 43,750 1,493 138,437 B. CONVERTIBLE PROMISSORY NOTES OUTSTANDING AS OF SEPTEMBER 30, 2023 As of September 30, 2023, the Company had a net balance of $ 218,167

BASIC AND DILUTED NET PROFIT (L

BASIC AND DILUTED NET PROFIT (LOSS) PER SHARE	3 Months Ended
	Sep. 30, 2023
Earnings Per Share [Abstract]
BASIC AND DILUTED NET PROFIT (LOSS) PER SHARE	NOTE 9 BASIC AND DILUTED NET PROFIT (LOSS) PER SHARE Net loss per share is calculated in accordance with SFAS No. 128, “Earnings per Share”. Under the provision of SFAS No. 128, basic net loss per share is computed by dividing the net loss for the period by the weighted-average number of common shares outstanding for the period. Diluted EPS is based on the weighted-average number of shares of common stock outstanding for the period and common stock equivalents outstanding at the end of the period. Basic and diluted weighted average numbers of shares for the period ended September 30, 2023 were the same since the inclusion of Common stock equivalents is anti-dilutive.

STOCKHOLDER_S EQUITY

STOCKHOLDER’S EQUITY	3 Months Ended
	Sep. 30, 2023
Equity [Abstract]
STOCKHOLDER’S EQUITY	NOTE 10 STOCKHOLDER’S EQUITY As of September 30, 2023, the total number of authorized capital stock of the Company consisted of 60 0.001 500,000,000 0.001 TREASURY STOCK The balance of treasury stock as of September 30, 2023 was 484,767 44,170 COMMON STOCK During the quarter ended September 30, 2023, the Company issued a total of 3,290,721,896 As of September 30, 2023, there were 42,705,215,171 PREFERRED STOCK CLASS B SERIES I PREFERRED STOCK As of September 30, 2023, there were 600,000

STOCK-BASED COMPENSATION PLAN

STOCK-BASED COMPENSATION PLAN	3 Months Ended
	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION PLAN	NOTE 11 STOCK-BASED COMPENSATION PLAN 1. On February March 18, 2015, the Company adopted an Employee Benefit Plan to set aside 1,000,000 2. On September 23, 2016, the Company issued incentive stock options and nonqualified stock options to certain key employee(s) (Henry Fahman – CEO/CFO) and directors (Tam Bui, Henry Fahman, and Frank Hawkins constitute the Board of Directors) as deferred compensation. The options allow the holders to acquire the Company’s Common Stock at the fair exercise price of the Company’s Common Stock on the grant date of each option at $ 0.24 6,520,000 seven years one year SCHEDULE OF FAIR VALUE OF STOCK OPTION ASSUMPTIONS Risk-free interest rate 1.18 % Expected life 7 years Expected volatility 239.3 % Vesting is based on a one-year cliff from grant date. Annual attrition rates were used in the valuation since ongoing employment was condition for vesting the options. The fair value of the Company’s Stock Options as of issuance valuation date is as follows: SCHEDULE OF FAIR VALUE OF STOCK OPTION ISSUANCE DATE Holder Issue Date Maturity Date Stock Options Exercise Price Fair Value at Issuance Tam Bui 9/23/2016 9/23/2023 875,000 Fixed price: $ 0.24 $ 219,464 Frank Hawkins 9/23/2016 9/23/2023 875,000 Fixed price: $ 0.24 $ 219,464 Henry Fahman 9/23/2016 9/23/2023 4,770,000 Fixed price: $ 0.24 $ 1,187,984 These stock options expired on 9/23/2023. 3. On September 9, 2021, the Company adopted the PHI Group 2021 Employee Benefit Plan and set aside 2,600,000,000 2,407,196,586

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Sep. 30, 2023
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 12 RELATED PARTY TRANSACTIONS The Company recognized a total of $ 52,500 Henry Fahman, Chairman and Chief Executive Officer of the Company from time to time lend smoney to the Company. These loans are without interest and payable upon demand. As of September 30, 2023, the Company still owed the following amounts to Related Parties: SCHEDULE OF RELATED PARTIES No. Name: Title: Amount: Description: 1) Henry Fahman Chairman/CEO $ 296,796 Accrued salaries $ 339,141 Loans 3) Tina Phan Secretary/Treasurer $ 323,799 Accrued salaries

CONTRACTS AND COMMITMENTS

CONTRACTS AND COMMITMENTS	3 Months Ended
	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
CONTRACTS AND COMMITMENTS	NOTE 13 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. 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 3. INVESTMENT AGREEMENTS AND MEMORANDUM OF UNDERSTANDING As of September 30, 2023, the Company and its subsidiaries have seven active agreements for loan financing, asset management, partnership, joint venture, and memorandum of understanding with international investor groups for a total of 4.99 4. DEVELOPMENT OF THE ASIA DIAMOND EXCHANGE AND INTERNATIONAL FINANCIAL CENTER 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 is 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. 5. 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 6. CONVERTIBLE PROMISSORY NOTE WITH 1800 DIAGONAL LENDING LLC. 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 7. 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. As of the date of this report, Dr. Do has successfully designed and set up a prototype for power generation and intends to file a patent before commercializing this product. 8. 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 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 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. The Company intends to use part of the capital from the financing and asset management agreements to invest in Saigon Silicon City. 9. 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. 10. 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 11. 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. 12. 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. 13. DEVELOPMENT OF PHILUX GLOBAL TRADE, INC. On August 19, 2022, the Company established Philux Global Trade, Inc., a Wyoming corporation, to engage in international trade. 14. COMMON STOCK TO BE ISSUED As of September 30, 2023, the Company recorded $ 759,562

GOING CONCERN UNCERTAINTY

GOING CONCERN UNCERTAINTY	3 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GOING CONCERN UNCERTAINTY	NOTE 14 GOING CONCERN UNCERTAINTY As shown in the accompanying consolidated financial statements, the Company has accumulated deficit of $as of September 30, 2023 and total stockholders’ deficit of $ 8,540,992 2,989,904 1,821,013

SUBSEQUENT EVENT

SUBSEQUENT EVENT	3 Months Ended
	Sep. 30, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENT	NOTE 15 SUBSEQUENT EVENT The financial statements included in this Form 10-Q were approved by management and available for issuance on or about November 20, 2023. Subsequent events have been evaluated through this date. 1. ISSUANCE OF CONVERTIBLE PROMISSORY NOTE On November 9, 2023, the Company issued a Convertible Promissory Note to 1800 Diagonal Lending LLC, a Virginia limited liability company, for $ 58,500.00 17 22 10,326.34 2,000.00 65,958.00 58

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
PRINCIPLES OF CONSOLIDATION	PRINCIPLES OF CONSOLIDATION The consolidated financial statements include the accounts of PHI Group, Inc. (a/k/a Philux Global Group, Inc.) and its active wholly owned subsidiaries: (1) Philux Capital Advisors, Inc., a Wyoming corporation ( 100 100 100 100 100 100
INTERIM CONSOLIDATED FINANCIAL STATEMENTS	INTERIM CONSOLIDATED FINANCIAL STATEMENTS The accompanying unaudited interim consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. These statements should be read in conjunction with the audited financial statements for the year ended June 30, 2023. In the opinion of management, all adjustments consisting of normal reoccurring accruals have been made to the financial statements. The results of operation for the three months ended September 30, 2023 are not necessarily indicative of the results to be expected for the fiscal year ending June 30, 2024.
USE OF ESTIMATES	USE OF ESTIMATES The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all liquid investments with a maturity of three months or less from the date of purchase that are readily convertible into cash to be cash equivalents.
MARKETABLE SECURITIES	MARKETABLE SECURITIES The Company’s securities are classified as available-for-sale and, as such, are carried at fair value. Securities classified as available-for-sale may be sold in response to changes in interest rates, liquidity needs, and for other purposes. Typically, each investment in marketable securities represents less than twenty percent ( 20 Unrealized holding gains and losses for available-for-sale securities are excluded from earnings and reported as a separate component of stockholder’s equity. Realized gains and losses for securities classified as available-for-sale are reported in earnings based upon the adjusted cost of the specific security sold. On September 30, 2023, the marketable securities were recorded at $ 5 based upon the fair value of the marketable securities at that time.
FAIR VALUE OF FINANCIAL INSTRUMENTS	FAIR VALUE OF FINANCIAL INSTRUMENTS Fair Value - Definition and Hierarchy Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Assets and liabilities measured at fair value are categorized based on whether or not the inputs are observable in the market and the degree that the inputs are observable. The categorization of financial assets and liabilities within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. A fair value hierarchy for inputs is used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs are to be used when available. Valuation techniques that are consistent with the market or income approach are used to measure fair value. The fair value hierarchy is categorized into three levels based on the inputs as follows: Level Level Level 3 Fair value is a market-based measure, based on assumptions of prices and inputs considered from the perspective of a market participant that are current as of the measurement date, rather than an entity-specific measure. Therefore, even when market assumptions are not readily available, the Company’s own assumptions are set to reflect those that market participants would use in pricing the asset or liability at the measurement date. The availability of valuation techniques and observable inputs can vary from investment to investment and are affected by a wide variety of factors, including; type of investment, whether the investment is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the transaction. To the extent that valuation is based upon models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Because of the inherent uncertainty of valuation, those estimated values may be materially higher or lower than the values that would have been used had a ready market for the investments existed. Accordingly, the degree of judgment exercised by the Fund in determining fair value is greatest for investments categorized in Level 3. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level in the fair value hierarchy in which the fair value measurement falls in its entirety is determined based upon the lowest level input that is significant to the fair value measurement. Fair Value - Valuation Techniques and Inputs The Company holds and may invest public securities traded on public exchanges or over-the-counter (OTC), private securities, real estate, convertible securities, interest bearing securities and other types of securities and has adopted specific techniques for their respective valuations. Equity Securities in Public Companies Unrestricted The Company values investments in securities that are freely tradable and listed on major securities exchanges at their last reported sales price as of the valuation date. To the extent these securities are actively traded and valuation adjustments are not applied, they are categorized in Level 1 of the fair value hierarchy. Securities traded on inactive markets or valued by reference to similar instruments are generally categorized in Level 2 or 3 of the fair value hierarchy. Restricted Securities traded on public exchanges or over-the-counter (OTC) where there are formal restrictions that limit (i.e. Rule 144 holding periods and underwriter’s lock-ups) their sale shall be valued at the closing price on the date of valuation less applicable discounts. The Company may apply a discount to securities with Rule 144 restrictions. Additional discounts may be assessed if the Company believes there are other mitigating factors which warrant the additional discounting. When determining potential additional discounts, factors that will be taken into consideration include, but are not limited to; securities’ trading characteristics, volume, length and overall impact of the restriction as well as other macro-economic factors. Valuations should be discounted appropriately until the securities may be freely traded. If it has been determined that the exchange or OTC listed price does not accurately reflect fair market value, the Company may elect to treat the security as a private company and apply an alternative valuation method. Investments in restricted securities of public companies may be included in Level 2 of the fair value hierarchy. However, to the extent that significant inputs used to determine liquidity discounts are not observable, investments in restricted securities in public companies may be categorized in Level 3 of the fair value hierarchy. The Company’s financial instruments primarily consist of cash and cash equivalents, accounts receivable, marketable securities, short-term notes payable, convertible notes, derivative liability and accounts payable. As of the balance sheet dates, the estimated fair values of the financial instruments were not materially different from their carrying values as presented on the balance sheet. This is primarily attributed to the short maturities of these instruments. Effective July 1, 2008, the Company adopted ASC 820 (previously SFAS 157), Fair Value Measurements Assets measured at fair value on a recurring basis are summarized below. The Company also has convertible notes and derivative liabilities as disclosed in this report that are measured at fair value on a regular basis until paid off or exercised. Available-for-sale securities The Company uses various approaches to measure fair value of available-for-sale securities, while applying the three-level valuation hierarchy for disclosures, specified in ASC 820. Our Level 1 securities were measured using the quoted prices in active markets for identical assets and liabilities. The company’s policy regarding the transfers in and/or out of Level 3 depends on the trading activity of the security, the volatility of the security, and other observable units which clearly represents the fair value of the security. If a level 3 security can be measured using a more fairly represented fair value, we will transfer these securities either into Level 1 or Level 2, depending on the type of inputs.
ACCOUNTS RECEIVABLE	ACCOUNTS RECEIVABLE Management reviews the composition of accounts receivable and analyzes historical bad debts. As of September 30, 2023, the Company did not have any accounts receivable.
PROPERTIES AND EQUIPMENT	PROPERTIES AND EQUIPMENT Property and equipment are carried at cost less accumulated depreciation. Depreciation is provided using the straight-line method over the estimated useful life of the assets from three five years
REVENUE RECOGNITION STANDARDS	REVENUE RECOGNITION STANDARDS ASC 606-10 provides the following overview of how revenue is recognized from an entity’s contracts with customers: An entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Step 1: Identify the contract(s) with a customer. Step 2: Identify the performance obligations in the contract. Step 3: Determine the transaction price – The transaction price is the amount of consideration in a contract to which an entity expects to be entitled in exchange for transferring promised goods or services to a customer. Step 4: Allocate the transaction price to the performance obligations in the contract – Any entity typically allocates the transaction price to each performance obligation on the basis of the relative standalone selling prices of each distinct good or service promised in the contract. Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation – An entity recognizes revenue when (or as) it satisfies a performance obligation by transferring a promised good or service to a customer (which is when the customer obtains control of that good or service). The amount of revenue recognized is the amount allocated to the satisfied performance obligation. A performance obligation may be satisfied at a point in time (typically for promises to transfer goods to a customer) or over time (typically for promises to transfer service to a customer). For performance obligations satisfied over time, an entity recognizes revenue over time by selecting an appropriate method for measuring the entity’s progress toward complete satisfaction of that performance obligation. (Paragraphs 606-10 25-23 through 25-30). In addition, ASC 606-10 contains guidance on the disclosures related to revenue, and notes the following: It also includes a cohesive set of disclosure requirements that would result in an entity providing users of financial statements with comprehensive information about the nature, amount, timing, and uncertainty of revenue and cash flows arising from the entity’s contracts with customers. Specifically, Section 606-10-50 requires an entity to provide information about: - Revenue recognized from contracts with customers, including disaggregation of revenue into appropriate categories. - Contract balances, including the opening and closing balances of receivables, contract assets, and contract liabilities. - Performance obligations, including when the entity typically satisfies its performance obligations and the transaction prices is that is allocated to the remaining performance obligations in a contract. - Significant judgments, and changes in judgments, made in applying the requirements to those contracts. Additionally, Section 340-40-50 requires an entity to provide quantitative and/or qualitative information about assets recognized from the costs to obtain or fulfill a contract with a customer. The Company’s revenue recognition policies are in compliance with ASC 606-10. The Company recognizes consulting and advisory fee revenues in accordance with the above-mentioned guidelines and expenses are recognized in the period in which the corresponding liability is incurred.
STOCK-BASED COMPENSATION	STOCK-BASED COMPENSATION Effective July 1, 2006, the Company adopted ASC 718-10-25 (previously SFAS 123R) and accordingly has adopted the modified prospective application method. Under this method, ASC 718-10-25 is applied to new awards and to awards modified, repurchased, or cancelled after the effective date. Additionally, compensation cost for the portion of awards that are outstanding as of the date of adoption for which the requisite service has not been rendered (such as unvested options) is recognized over a period of time as the remaining requisite services are rendered.
RISKS AND UNCERTAINTIES	RISKS AND UNCERTAINTIES In the normal course of business, the Company is subject to certain risks and uncertainties. The Company provides its service and receives marketable securities upon execution of transactions. Consequently, the value of the securities received from customers can be affected by economic fluctuations and each customer’s business growth. The actual realized value of these securities could be significantly different than recorded value.
RECENT ACCOUNTING PRONOUNCEMENTS	RECENT ACCOUNTING PRONOUNCEMENTS In August 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2020-06-Debt-Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging-Contracts in Entity’s Own Equity (Subtopic 815-40)-Accounting For Convertible Instruments and Contracts in an Entity’s Own Equity. The ASU simplifies accounting for convertible instruments by removing major separation models required under current GAAP. Consequently, more convertible debt instruments will be reported as a single liability instrument with no separate accounting for embedded conversion features. The ASU removes certain settlement conditions that are required for equity contracts to qualify for the derivative scope exception, which will permit more equity contracts to qualify for it. The ASU also simplifies the diluted net income per share calculation in certain areas. The new guidance is effective for annual and interim periods beginning after December 15, 2021, and early adoption is permitted for fiscal years beginning after December 15, 2020. The Company intends to adopt ASU 2020-06 for the quarter beginning January 1, 2023. Update No. 2018-13 – August 2018 Fair Value Measurement (Topic 820): Changes to the Disclosure Requirements for Fair Value Measurement Modifications: The following disclosure requirements were modified in Topic 820: 1. In lieu of a roll-forward for Level 3 fair value measurements, a non-public entity is required to disclose transfers into and out of Level 3 of the fair value hierarchy and purchases and issues of Level 3 assets and liabilities. 2. For investments in certain entities that calculate net asset value, an entity is required to disclose the timing of liquidation of an investee’s assets and the date when restrictions from redemption might lapse only if the investee has communicated the timing to the entity or announced the timing publicly. 3. The amendments clarify that the measurement uncertainty disclosure is to communicate information about the uncertainty in measurement as of the reporting date. Additions: The following disclosure requirements were added to Topic 820; however, the disclosures are not required for non-public entities: 1. The changes in unrealized gains and losses for the period included in other comprehensive income for recurring Level 3 fair value measurements held at the end of the reporting period. 2. The range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements. For certain unobservable inputs, an entity may disclose other quantitative information (such as the median or arithmetic average) in lieu of the weighted average if the entity determines that other quantitative information would be a more reasonable and rational method to reflect the distribution of unobservable inputs used to develop Level 3 fair value measurements. The amendments in this Update are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Update No. 2018-07 – June 2018 Compensation – Stock Compensation (Topic 718) Improvements to Nonemployee Share-Based Payment Accounting Main Provisions: The amendments in this Update expand the scope of Topic 718 to include share-based payment transactions for acquiring goods and services from nonemployees. An entity should apply the requirements of Topic 718 to nonemployee awards except for specific guidance on inputs to an option pricing model and the attribution of cost (that is, the period of time over which share-based payment awards vest and the pattern of cost recognition over that period). The amendments specify that Topic 718 applies to all share-based payment transactions in which a grantor acquires goods or services to be used or consumed in a grantor’s own operations by issuing share-based payment awards. The amendments also clarify that Topic 718 does not apply to share-based payments used to effectively provide (1) financing to the issuer or (2) awards granted in conjunction with selling goods or services to customers as part of a contract accounted for under Topic 606, Revenue from Contracts with Customers. The amendments in this Update are effective for public business entities for fiscal years beginning after December 15, 2018, including interim periods within that fiscal year. Update No. 2017-13 - September 2017 Revenue Recognition (Topic 605), Revenue from Contracts with Customers (Topic 606) FASB Accounting Standards Updates No. 2014-09, Revenue from Contracts with Customers (Topic 606), issued in May 2014 and codified in ASC Topic 606, Revenue from Contracts with Customers, and No. 2016-02. The transition provisions in ASC Topic 606 require that a public business entity and certain other specified entities adopt ASC Topic 606 for annual reporting 3 periods beginning after December 15, 2017, including interim reporting periods within that reporting period. FN2 All other entities are required to adopt ASC Topic 606 for annual reporting periods beginning after December 15, 2018, and interim reporting periods within annual reporting periods beginning after December 15, 2019. Update No. 2016-10 - April 2016 Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing The core principle of the guidance in Topic 606 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps: 1. Identify the contract(s) with a customer. 2. Identify the performance obligations in the contract. 3. Determine the transaction price. 4. Allocate the transaction price to the performance obligations in the contract. 5. Recognize revenue when (or as) the entity satisfies a performance obligation. The amendments in this Update do not change the core principle of the guidance in Topic 606. Rather, the amendments in this Update clarify the following two aspects of Topic 606: identifying performance obligations and the licensing implementation guidance, while retaining the related principles for those areas. The Company has either evaluated or is currently evaluating the implications, if any, of each of these pronouncements and the possible impact they may have on the Company’s financial statements. In most cases, management has determined that the implementation of these pronouncements would not have a material impact on the financial statements taken as a whole.

MARKETABLE EQUITY SECURITIES _2

MARKETABLE EQUITY SECURITIES AVAILABLE FOR SALE (Tables)	3 Months Ended
	Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract]
SCHEDULE OF FAIR VALUE OF INVESTMENTS MARKETABLE EQUITY SECURITIES	SCHEDULE OF FAIR VALUE OF INVESTMENTS MARKETABLE EQUITY SECURITIES Securities available for sale Level 1 Level 2 Level 3 Total September 30, 2023 None $ 5 $ 0 $ 5 June 30, 2023 None $ 420 $ 0 $ 420

OTHER ASSETS (Tables)

OTHER ASSETS (Tables)	3 Months Ended
	Sep. 30, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
SCHEDULE OF OTHER ASSETS	Other Assets as of September 30, 2023 and June 30, 2023 comprise of: SCHEDULE OF OTHER ASSETS September 30, 23 June 30, 2023 Investment in PHILUX Global Funds, SCA, SICAV-RAIF $ 32,598 $ 32,604 Total Other Assets $ 32,598 $ 32,604

CURRENT LIABILITIES (Tables)

CURRENT LIABILITIES (Tables)	3 Months Ended
	Sep. 30, 2023
Payables and Accruals [Abstract]
SCHEDULE OF CURRENT LIABILITIES	Current Liabilities of the Company consist of the followings as of September 30, 2023 and June 30, 2023. SCHEDULE OF CURRENT LIABILITIES Current Liabilities September 30, 2023 June 30, 2023 Accounts payable 616,075 616,245 Sub-fund obligations 1,624,775 1,624,775 Accrued expenses 2,048,642 1,485,310 Short-term loans and notes payable 1,672,386 1,164,685 Convertible Promissory Notes 218,167 297,805 Due to officers 339,141 1,027,782 Advances from customers and client deposits 1,079,038 1,079,038 Derivative liabilities and Note Discount 1,220,576 1,220,576 Total Liabilities 8,818,800 8,516,217

DUE TO OFFICERS (Tables)

DUE TO OFFICERS (Tables)	3 Months Ended
	Sep. 30, 2023
Due To Officers
SCHEDULE OF COMPONENTS OF DUE TO OFFICERS AND DIRECTORS	SCHEDULE OF COMPONENTS OF DUE TO OFFICERS AND DIRECTORS Officers/Directors Sep 30, 2023 Jun 30, 2023 Henry Fahman 339,141 $ 364,432 Tam Bui 0 $ 663,350 Total $ 339,141 $ 1,027,782

STOCK-BASED COMPENSATION PLAN (

STOCK-BASED COMPENSATION PLAN (Tables)	3 Months Ended
	Sep. 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 % Vesting is based on a one-year cliff from grant date.
SCHEDULE OF FAIR VALUE OF STOCK OPTION ISSUANCE DATE	The fair value of the Company’s Stock Options as of issuance valuation date is as follows: SCHEDULE OF FAIR VALUE OF STOCK OPTION ISSUANCE DATE Holder Issue Date Maturity Date Stock Options Exercise Price Fair Value at Issuance Tam Bui 9/23/2016 9/23/2023 875,000 Fixed price: $ 0.24 $ 219,464 Frank Hawkins 9/23/2016 9/23/2023 875,000 Fixed price: $ 0.24 $ 219,464 Henry Fahman 9/23/2016 9/23/2023 4,770,000 Fixed price: $ 0.24 $ 1,187,984

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	3 Months Ended
	Sep. 30, 2023
Related Party Transactions [Abstract]
SCHEDULE OF RELATED PARTIES	As of September 30, 2023, the Company still owed the following amounts to Related Parties: SCHEDULE OF RELATED PARTIES No. Name: Title: Amount: Description: 1) Henry Fahman Chairman/CEO $ 296,796 Accrued salaries $ 339,141 Loans 3) Tina Phan Secretary/Treasurer $ 323,799 Accrued salaries

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	3 Months Ended
	Sep. 30, 2023	Jun. 30, 2023
Property, Plant and Equipment [Line Items]
Marketable Securities, Current	$ 5	$ 420
Minimum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful life	3 years
Maximum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful life	5 years
Common Stock [Member]
Property, Plant and Equipment [Line Items]
Outstanding stock, percentage	20%
PHILUX Capital Advisors, Inc [Member]
Property, Plant and Equipment [Line Items]
Ownership percentage	100%
PHILUX Global General Partners SA [Member]
Property, Plant and Equipment [Line Items]
Ownership percentage	100%
P H I Luxembourg Development S A [Member]
Property, Plant and Equipment [Line Items]
Ownership percentage	100%
PHILUX Global Funds SCA, SICAV-RAIF [Member]
Property, Plant and Equipment [Line Items]
Ownership percentage	100%
P H I Luxembourg Holding S A [Member]
Property, Plant and Equipment [Line Items]
Ownership percentage	100%

SCHEDULE OF FAIR VALUE OF INVES

SCHEDULE OF FAIR VALUE OF INVESTMENTS MARKETABLE EQUITY SECURITIES (Details) - USD ($)	Sep. 30, 2023	Jun. 30, 2023
Platform Operator, Crypto-Asset [Line Items]
Marketable securities	$ 5	$ 420
Fair Value, Inputs, Level 1 [Member]
Platform Operator, Crypto-Asset [Line Items]
Marketable securities	0	0
Fair Value, Inputs, Level 2 [Member]
Platform Operator, Crypto-Asset [Line Items]
Marketable securities	5	420
Fair Value, Inputs, Level 3 [Member]
Platform Operator, Crypto-Asset [Line Items]
Marketable securities	$ 0	$ 0

MARKETABLE EQUITY SECURITIES _3

MARKETABLE EQUITY SECURITIES AVAILABLE FOR SALE (Details Narrative) - USD ($)	3 Months Ended
	Sep. 30, 2023	Jun. 30, 2023
Marketable Securities [Line Items]
Marketable securities, fair value	$ 5	$ 420
Myson Group, Inc., [Member] | OTC Markets [Member]
Marketable Securities [Line Items]
Sale of stock	91

SCHEDULE OF OTHER ASSETS (Detai

SCHEDULE OF OTHER ASSETS (Details) - USD ($)	Sep. 30, 2023	Jun. 30, 2023
Investment in PHILUX Global Funds, SCA, SICAV-RAIF	$ 32,598	$ 32,604
P H I L U X Global Funds [Member]
Investment in PHILUX Global Funds, SCA, SICAV-RAIF	$ 32,598	$ 32,604

OTHER ASSETS (Details Narrative

OTHER ASSETS (Details Narrative)	3 Months Ended
	Sep. 30, 2023 USD ($)	Mar. 31, 2023 USD ($)	Sep. 30, 2023 EUR (€) shares
Shares issued, value | $		$ 185,000
P H I Luxembourg Development S A [Member]
Ownership interest			100%
P H I Luxembourg Development S A [Member]
Number of shares held | shares			28
Value of shares held			€ 28,000
P H I L U X Global Funds [Member]
Value of shares held			1,000
Shares issued, value | $	$ 32,598
P H I L U X Global General Partner S A [Member]
Value of shares held			€ 1,000

SCHEDULE OF CURRENT LIABILITIES

SCHEDULE OF CURRENT LIABILITIES (Details) - USD ($)	Sep. 30, 2023	Jun. 30, 2023
Payables and Accruals [Abstract]
Accounts payable	$ 616,075	$ 616,245
Sub-fund obligations	1,624,775	1,624,775
Accrued expenses	2,048,642	1,485,310
Short-term loans and notes payable	1,672,386	1,164,685
Convertible Promissory Notes	218,167	297,805
Due to officers	339,141	1,027,782
Advances from customers and client deposits	1,079,038	1,079,038
Derivative liabilities and Note Discount	1,220,576	1,220,576
Total Liabilities	$ 8,818,800	$ 8,516,217

CURRENT LIABILITIES (Details Na

CURRENT LIABILITIES (Details Narrative) - USD ($)	3 Months Ended
	Sep. 30, 2023	Jun. 30, 2023
Accrued expenses	$ 2,048,642	$ 1,485,310
Accrued salaries and payroll liabilities	1,080,595
Accrued interest	371,158
Short-term notes payable	1,490,198
Short-term loans and notes payable	1,672,386	1,164,685
Convertible notes payable	218,167	297,805
Advances from customers for consulting fees	819,038
Deposits	260,000
Sub - fund obligations	1,624,775	$ 1,624,775
Administrative And Extension Fees [Member]
Accrued interest	593,125
PPP Loan [Member]
Short-term loans and notes payable	43,750
Convertible Promissory Notes [Member]
Convertible notes payable	218,167
Merchant Cash [Member]
Merchant cash advance loan	138,437
American Express [Member]
Accrued interest	3,764
P H I L U X Global Funds [Member]
Sub - fund obligations	$ 1,624,775

SCHEDULE OF COMPONENTS OF DUE T

SCHEDULE OF COMPONENTS OF DUE TO OFFICERS AND DIRECTORS (Details) - USD ($)	Sep. 30, 2023	Jun. 30, 2023
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Total	$ 339,141	$ 1,027,782
Related Party [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Total	339,141	1,027,782
Henry Fahman [Member] | Related Party [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Total	339,141	364,432
Tam Bui [Member] | Related Party [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Total	$ 0	$ 663,350

DUE TO OFFICERS (Details Narrat

DUE TO OFFICERS (Details Narrative) - USD ($)	Sep. 30, 2023	Jun. 30, 2023
Defined Benefit Plan Disclosure [Line Items]
Due to Officers	$ 339,141	$ 1,027,782
Related Party [Member]
Defined Benefit Plan Disclosure [Line Items]
Due to Officers	339,141	1,027,782
Related Party [Member] | Tam Bui [Member]
Defined Benefit Plan Disclosure [Line Items]
Due to Officers	$ 0	$ 663,350

LOANS AND PROMISSORY NOTES (Det

LOANS AND PROMISSORY NOTES (Details Narrative) - USD ($)	3 Months Ended
	Sep. 30, 2023	Jun. 30, 2023
Short-Term Debt [Line Items]
Short-term notes payable	$ 1,490,198
Interest payable	371,158
Convertible promissory notes	218,167	$ 297,805
Short-term Notes Payable [Member]
Short-Term Debt [Line Items]
Short-term notes payable	1,490,198
Interest payable	371,158
Administrative And Extension Fees [Member]
Short-Term Debt [Line Items]
Interest payable	593,125
S B A Paycheck Protection Program Loan [Member]
Short-Term Debt [Line Items]
Interest payable	1,493
Notes payable	43,750
Merchant cash advance	138,437
Convertible Promissory Notes [Member]
Short-Term Debt [Line Items]
Convertible promissory notes	$ 218,167

STOCKHOLDER_S EQUITY (Details N

STOCKHOLDER’S EQUITY (Details Narrative) - USD ($)	3 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Jun. 30, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Common stock shares authorized	60,000,000,000		60,000,000,000
Common stock par value	$ 0.001		$ 0.001
Preferred stock, shares authorized	500,000,000		500,000,000
Preferred stock par value	$ 0.001		$ 0.001
Teasury stock value	$ 44,170	$ 44,170
Stock issued for coversion of convertible debts	$ 3,290,721,896
Common stock shares issued	42,705,215,171		39,414,493
Common stock shares outstanding	42,705,215,171		39,414,493
Treasury Stock, Common [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Teasury stock, shares	484,767
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)	3 Months Ended
	Sep. 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)	3 Months Ended
	Sep. 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 PLAN (Details Narrative) - $ / shares			3 Months Ended
	Sep. 09, 2021	Sep. 23, 2016	Sep. 30, 2023	Mar. 18, 2015
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Employee benefit plan shares of common stock for eligible employees				1,000,000
2021 Employee Benefit Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares issued for employee benefit plan	2,600,000,000
Number of shares issued for services			2,407,196,586
Henry Fahman [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Option grant date exercise price per share		$ 0.24
Number of option shares		6,520,000
Number of options outstanding term		7 years
Number of options exercisable term		1 year

SCHEDULE OF RELATED PARTIES (De

SCHEDULE OF RELATED PARTIES (Details)	Sep. 30, 2023 USD ($)
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Accrued salaries	$ 1,080,595
Henry Fahman [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Accrued salaries	296,796
Loans	339,141
Tina Phan [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Accrued salaries	$ 323,799

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative)	Sep. 30, 2023 USD ($)
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Accrued salaries	$ 1,080,595
President And Secretary And Treasurer [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Accrued salaries	$ 52,500

CONTRACTS AND COMMITMENTS (Deta

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

3 Months Ended

Jun. 27, 2023

Jun. 05, 2023

Jun. 01, 2023

Mar. 21, 2023

Feb. 21, 2023

Mar. 01, 2022

Sep. 30, 2023

Mar. 31, 2023

Nov. 09, 2023

Jun. 30, 2023

May 31, 2023

Jan. 18, 2022

Aug. 10, 2020

Loss Contingencies [Line Items]

Convertible Promissory Notes

$ 218,167

$ 297,805

Administrative and legal requirements fees

819,038

Stock Issued During Period, Value, New Issues

$ 185,000

Common stock to be issued

$ 759,562

22,500

Share-Based Payment Arrangement, Tranche One [Member]

Loss Contingencies [Line Items]

Investments

$ 500,000

$ 50,000,000

Share-Based Payment Arrangement, Tranche Two [Member]

Loss Contingencies [Line Items]

Investments

50,000,000

Investor [Member]

Loss Contingencies [Line Items]

Investments

200,000

50,000,000

Tecco Group [Member]

Loss Contingencies [Line Items]

Acquire ownership percent

49%

Vietnamese Authorities [Member]

Loss Contingencies [Line Items]

Acquire ownership percent

15%

PHI Group [Member]

Loss Contingencies [Line Items]

Acquire ownership percent

85%

Mr. Smet [Member]

Loss Contingencies [Line Items]

Acquire ownership percent

50%

Jinshan Limited Liability [Member]

Loss Contingencies [Line Items]

Acquire ownership percent

51%

SSE Global Group [Member]

Loss Contingencies [Line Items]

Acquire ownership percent

50%

Philux Global Group [Member]

Loss Contingencies [Line Items]

Acquire ownership percent

40%

Saphia Alkali Joint Stock Company [Member]

Loss Contingencies [Line Items]

Acquire ownership percent

60%

Tecco Group [Member]

Loss Contingencies [Line Items]

Contributed amount

$ 156,366.25

$ 2,000,000

International Investor Groups [Member]

Loss Contingencies [Line Items]

Contributed amount

$ 4,990,000,000

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

Loss Contingencies [Line Items]

Acquire ownership percent

70%

Virginia Limited Liability [Member]

Loss Contingencies [Line Items]

Notes payable

$ 59,537

$ 65,958

Virginia Limited Liability [Member] | Minimum [Member]

Loss Contingencies [Line Items]

Notes payable

2,000

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

Loss Contingencies [Line Items]

Convertible Promissory Notes

$ 52,805

Debt instrument interest rate stated percentage

17%

Debt instrument interest rate effective percentage

22%

Accrued unpaid interest

$ 9,256.17

Debt instrument interest rate stated percentage

58%

58%

Saigon Silicon City Joint Stock [Member]

Loss Contingencies [Line Items]

Investments

500,000,000

Administrative and legal requirements fees

$ 1,500,000,000

$ 50,000,000

$ 500,000

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

Loss Contingencies [Line Items]

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.

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

Loss Contingencies [Line Items]

Stock Issued During Period, Value, New Issues

$ 5,194,714

Business Cooperation Agreement [Member]

Loss Contingencies [Line Items]

Investments

$ 300,000,000

GOING CONCERN UNCERTAINTY (Deta

GOING CONCERN UNCERTAINTY (Details Narrative) - USD ($)	3 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Total stockholders deficit	$ 8,540,992		$ 8,222,002	$ 8,286,628	$ 6,881,906	$ 6,543,502
Net loss	$ 2,989,904	$ 1,821,013

SUBSEQUENT EVENT (Details Narra

SUBSEQUENT EVENT (Details Narrative) - USD ($)	Nov. 09, 2023	Jun. 01, 2023	Sep. 30, 2023	Jun. 30, 2023
Subsequent Event [Line Items]
Convertible Promissory Notes			$ 218,167	$ 297,805
Virginia Limited Liability [Member]
Subsequent Event [Line Items]
Notes payable	$ 65,958	$ 59,537
Virginia Limited Liability [Member] | Minimum [Member]
Subsequent Event [Line Items]
Notes payable		2,000
Virginia Limited Liability [Member] | Subsequent Event [Member] | Minimum [Member]
Subsequent Event [Line Items]
Notes payable	$ 2,000
Convertible Promissory Note [Member] | Virginia Limited Liability [Member]
Subsequent Event [Line Items]
Convertible Promissory Notes		$ 52,805
Debt instrument interest rate stated percentage		17%
Debt instrument interest rate effective percentage		22%
Accrued unpaid interest		$ 9,256.17
Debt instrument interest rate stated percentage	58%	58%
Convertible Promissory Note [Member] | Virginia Limited Liability [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Convertible Promissory Notes	$ 58,500
Debt instrument interest rate stated percentage	17%
Debt instrument interest rate effective percentage	22%
Accrued unpaid interest	$ 10,326.34