UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549



Form 10-K/A

(Amendment No. 1)



ANNUAL REPORT PURSUANT TO SECTION 13 OR
15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934



For the fiscal year ended December 31, 2015



Commission File No. 0-28383



TABLE TRAC, INC.

(Exact name of registrant as specified in
its charter)



|Nevada                                                         | 88-0336568                       
|-------------------------------------------------------------- | ---------------------------------
|(State or other jurisdiction of Incorporation or Organization) | (IRS Employer Identification No.)
|                                                               |                                  
|6101 Baker Road, Suite 206, Minnetonka, Minnesota              | 55345                            
|(Address of principal executive office)                        | (Zip Code)                       



Registrant’s telephone number, including
area code: (952) 548-8877



Securities registered pursuant to Section
12(b) of the Act:

None



Securities registered pursuant to Section
12(g) of the Act:



Common Stock, par value $0.001

(Title of Class)



Indicate by check mark if the registrant is a well-known seasoned
issuer, as defined in Rule 405 of the Securities Act.

Yes o No x



Indicate by check mark if the registrant is not required to
file reports pursuant to Section 13 or Section 15(d) of the Act. Yes o No x



Indicate by check mark whether the registrant (1) has filed
all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or
for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements
for the past 90 days. Yes xNo o



Indicate by check mark whether the registrant has submitted
electronically and posted on its corporate website, if any, every Interactive Data File required to be submitted and posted pursuant
to Rule 405 of Regulations S-T (§232.405 of this chapter) during the preceding 12 months (or for a shorter period that the
registrant was required to submit and post such files). Yes xNo o



Indicate by check mark if disclosure of delinquent filers pursuant
to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant’s knowledge,
in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K. o



Indicate by check mark whether the registrant is a large accelerated
filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See definitions of “accelerated filer,”
“large accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act (Check one):



|Large accelerated filer o | Accelerated filer o | Non-accelerated filer o | Smaller reporting company x
|------------------------- | ------------------- | ----------------------- | ---------------------------



Indicate by check mark whether the registrant is a shell company
(as defined in Rule12b-2 of the Act). o Yes x
No



The aggregate market value of the registrant’s common
stock held by non-affiliates as of June 30, 2015 was approximately $2.4 million based on the closing sales price of the registrant’s
common stock on that date ($1.10 per share).



As of September 23, 2016, the Company had outstanding 4,504,465
shares of common stock, $0.001 par value.



DOCUMENTS INCORPORATED IN PART BY REFERENCE



None.













EXPLANATORY NOTE



Table Trac, Inc. (the “Company”) is filing this
Amendment No. 1 to its Annual Report on Form 10-K (this “Form 10-K/A”) to amend and restate Part II, Item 9A of its
previously filed Annual Report on Form 10-K for the fiscal year ended December 31, 2015, as filed with the Securities and Exchange
Commission (“SEC”) on March 30, 2016 (the “Original Form 10-K”), to include management’s assessment
of internal control over financial reporting.



Except as noted above, this Form 10-K/A does not update or modify
any disclosures in or reflect any events occurring after the filing of the Original Form 10-K. Accordingly, this Form 10-K/A should
be read in conjunction with the Original Form 10-K.











Item 9A. Evaluation of Disclosure Controls and Procedures.



The Company maintains disclosure controls and procedures designed
to provide reasonable assurance that information required to be disclosed in reports filed pursuant to the Securities Exchange
Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms,
and that such information is accumulated and communicated to management, including the Chief Executive Officer and Chief Financial
Officer, as appropriate, to allow timely decisions regarding required disclosure. In addition, the Company contracts with an independent
firm to review and test its internal controls. A control system, no matter how well conceived and operated, can provide only reasonable,
not absolute, assurance that the objectives of the control system are met.



As of December 31, 2015, the Company’s management carried
out an evaluation of the effectiveness of our disclosure controls and procedures as such term is defined in Rule 13a-15(e) under
the Securities and Exchange Act of 1934. Based on that evaluation, it was concluded the disclosure controls and procedures were
not effective as of December 31, 2015 as a result of the material weakness identified below.



REPORT OF MANAGEMENT ON INTERNAL CONTROL OVER FINANCIAL REPORTING



Management is responsible for establishing and maintaining adequate
internal control over financial reporting as defined in Rules 13a-15(e) and 15d-15(f) of the Exchange Act. The Company has designed
internal controls to provide reasonable, but not absolute, assurance that financial statements are prepared in accordance with
U.S. GAAP. The Company assesses the effectiveness of internal controls based on the criteria set forth in the 2013 Internal Control
- Integrated Framework developed by the Committee of Sponsoring Organizations of the Treadway Commission. Based on that assessment,
management has concluded that our internal control over financial reporting was not effective as of December 31, 2015.



Because of its inherent limitations, internal control over financial
reporting may not prevent or detect misstatements. It should be noted that any system of internal control, however well designed
and operated, can provide only reasonable, and not absolute, assurance that the objectives of the system will be met. Also, projections
of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes
in conditions, or that the degree of compliance with the policies or procedures may deteriorate.



In connection with the assessment described above, management
identified the following control deficiency that represents a material weakness at December 31, 2015.  The Company entered
into an agreement with a contractor in Colombia to transact business in that country during 2015.  As that relationship evolved,
management became aware that some controls over the period-end financial reporting were missing.  Management has taken steps
to implement new controls in order to remediate this weakness, but those controls were not in place as of December 31, 2015.











PART IV



Item 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES.



FINANCIAL STATEMENTS



Included at Part II, Item 8, of the Original 10-K are the Financial
Statements and the Report of the Independent Registered Public Accounting Firm.



| | EXHIBITS | 
| | -------- | 



|Exhibit No.                                                                                                |  | Description                                                                                                                                                                                                            
|---------------------------------------------------------------------------------------------------------- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|3.1                                                                                                        |  | Articles of Incorporation, filed with the Nevada Secretary of State on June 2, 1995 (incorporated by reference to Exhibit 3 to the registrant’s registration statement on Form 10SB-12G filed on December 6, 1999).    
|                                                                                                           |  |                                                                                                                                                                                                                        
|3.2                                                                                                        |  | Amendment to Articles of Incorporation, filed with the Nevada Secretary of State on January 26, 2013 (incorporated by reference to Exhibit 3.2 to the registrant’s annual report on Form 10-K filed on March 31, 2011).
|                                                                                                           |  |                                                                                                                                                                                                                        
|3.3                                                                                                        |  | Amended and Restated Bylaws (incorporated by reference to Exhibit 3.3 to the registrant’s annual report on Form 10-K filed on March 31, 2011).                                                                         
|                                                                                                           |  |                                                                                                                                                                                                                        
|3.4                                                                                                        |  | Amendment No. 1 to Bylaws dated March 9, 2016 (incorporated by reference to Exhibit 3.1 to the registrant’s current report on Form 8-K filed on March 15, 2016).                                                       
|                                                                                                           |  |                                                                                                                                                                                                                        
|23.1                                                                                                       |  | Consent of Baker Tilly Virchow Krause, LLP.*                                                                                                                                                                           
|                                                                                                           |  |                                                                                                                                                                                                                        
|31                                                                                                         |  | Certification pursuant to Section 302 of the Sarbanes Oxley Act of 2002 (filed herewith).                                                                                                                              
|                                                                                                           |  |                                                                                                                                                                                                                        
|32                                                                                                         |  | Certification pursuant to Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (filed herewith).                                                                                         
|                                                                                                           |  |                                                                                                                                                                                                                        
|101.INS*                                                                                                   |  | XBRL Instance Document                                                                                                                                                                                                 
|                                                                                                           |  |                                                                                                                                                                                                                        
|101.SCH*                                                                                                   |  | XBRL Taxonomy Extension Schema Document                                                                                                                                                                                
|                                                                                                           |  |                                                                                                                                                                                                                        
|101.CAL*                                                                                                   |  | XBRL Taxonomy Extension Calculation Linkbase Document                                                                                                                                                                  
|                                                                                                           |  |                                                                                                                                                                                                                        
|101.DEF*                                                                                                   |  | XBRL Taxonomy Extension Definition Linkbase Document                                                                                                                                                                   
|                                                                                                           |  |                                                                                                                                                                                                                        
|101.LAB*                                                                                                   |  | XBRL Taxonomy Extension Label Linkbase Document                                                                                                                                                                        
|                                                                                                           |  |                                                                                                                                                                                                                        
|101.PRE*                                                                                                   |  | XBRL Taxonomy Extension Presentation Linkbase Document                                                                                                                                                                 
|                                                                                                           |  |                                                                                                                                                                                                                        
|* These exhibits were filed together with the Original 10-K and are incorporated herein by this reference.











SIGNATURES



Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.



Dated: September 23, 2016



TABLE TRAC, INC.





|/s/ Brian Hinchley                                               | 
|---------------------------------------------------------------- | 
|Brian Hinchley, Chief Executive Officer, Chief Financial Officer | 
|(principal executive and principal financial officer)            | 







Pursuant to the requirements of the Securities
Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities
and on the dates indicated.



DIRECTORS:





|/s/ Steve Browne         | 
|------------------------ | 
|Steve Browne, Director   | 
|                         | 
|/s/ Louis Fornetti       | 
|Louis Fornetti, Director | 
|                         | 
|/s/ Gary Loebig          | 
|Gary Loebig, Director    | 
|                         | 
|/s/ Chad B. Hoehne       | 
|Chad B. Hoehne, Director | 













EXHIBIT INDEX



|Exhibit No. |  | Description                                                                                                  
|----------- |  | -------------------------------------------------------------------------------------------------------------
|31          |  | Certification pursuant to Section 302 of the Sarbanes Oxley Act of 2002.                                     
|            |  |                                                                                                              
|32          |  | Certification pursuant to Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.