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| 22 6. Financial Information 6.2 Strengthening Balance Sheet On July 1, 2009, Elixir Gaming entered into an agreement with Elixir International/Melco to amend the unsecured promissory note issued by the Company in April 2008 and amended in November 2008 to Elixir International. Under the amended note terms, Elixir Gaming will defer the repayment of principal and interest on the outstanding principal balance of the note of $9.2 million until July 2010. Interest at the previous rate of 5% will continue to accrue. These terms provide cash flow benefits to Elixir Gaming by reducing cash outlays approximately $1.6 million per quarter until July 2010 and improving financial flexibility enabling the Company to pursue growth opportunities. $US in thousands 6/30/2009 12/31/2008 (Unaudited) Current Assets: Cash and Cash Equilavents 9,515 $ 14,504 $ Current Portion of Accounts Receivable 2,673 1,336 Inventories 454 1,096 Other Current Assets 1,314 1,909 Total Current Assets 13,956 18,845 Gaming Participation Equipment 44,144 48,352 Intangible Assets 3,747 4,208 Other Non-Current Assets 4,431 5,009 Total Assets 66,278 $ 76,414 $ Current Liabilities: Accounts Payable 1,169 $ 807 $ Notes Payable to Related Party, Current Portion 6,033 5,884 Other Current Liabilities 2,294 4,564 Total Current Liabilities 9,496 11,255 Notes Payable to Related Party, Net of Current 3,131 6,185 Other Non-Current Liabilities 1,693 1,490 Total Liabilities 14,320 18,930 Total Stockholder's Equity 51,958 57,484 Total Liabilities & Stockholders 66,278 $ 76,414 $ |