SECURITIES AND EXCHANGE
		COMMISSION Washington D.C. 20549

FORM 10-KSB

Annual Report Pursuant to Section 13 or 15(d)  of the
		Securities Exchange Act of 1934

For the fiscal year ended December 31, 2005
		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.)

15612 Highway 7, Suite 250 Minnetonka, Minnesota 55345(Address of principal executive office) ----------------(Zip Code)

Registrant's telephone number: (952) 548-8877

Securities registered pursuant to Section 12(b) of the
		Act: None

Securities registered pursuant to Section 12(g) of the
		Act: 3,959,034 Shares Of Common Stock

Common Stock, (par value $0.001) (Title of
		Class)

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.

YesX NO___

The aggregate market value of the voting stock held by non-affiliates of
		the Registrant on March 15, 2006 was approximately $2,771,000, based on the
		closing sale price as reported on OTCBB for the registrant's common stock on
		March 15, 2006.

3,959,034 shares of Registrant's Common Stock, no par value were
		outstanding on March 15, 2006, prior to the effectiveness of the latest
		practicable date.

DOCUMENTS INCORPORATED BY REFERENCE None.

|CONTENTS
			 PART I
			 Item 1.Description of Business
			 Item 2. Description of Property
			 Item 3. Legal Proceedings
			 Item 4. Submission of Matters to a Vote of Security Holders
			 PART II
			 Item 5. Market for Registrant's Common Equity and Related
				Stockholder Matters
			 Item 6. Management's Discussion and Analysis of Financial
				Condition and Results of Operations
			 Item 7. Financial Statements
			 Item 8. Changes in and Disagreements with Accountants on
				Accounting and Financial Disclosure
			 Item 8A. Controls and Procedures
			 Item 8B. Other Information
			 PART III
			 Item 9. Directors, Executive Officers, Promoters and Control
				Persons; Compliance with Section 16(a) of the Exchange Act
			 Item 10. Executive Compensation
			 Item 11. Security Ownership of Certain Benefitial Owners and
				Management and Related Shareholder Matters
			 Item 12. Certain Relationships and Related Transactions
			 PART IV
			 Item 13. Exhibits, Financial Statement Schedules and Reports on
				Form 8-K
			 Item 14. Principal Accountant Fees and Services
			 FORWARD LOOKING STATEMENTS
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

In this annual report, references to "the Company" "we," "us," and "our"
		refer to Table Trac, Inc.

This annual report contains certain forward-looking statements and for
		this purpose any statements contained in this annual report that are not
		statements of historical fact may be deemed to be forward-looking statements.
		Without limiting the foregoing, words such as "may," "expect," "believe,"
		"anticipate," "estimate" or "continue" or comparable terminology are intended
		to identify forward-looking statements. These statements by their nature
		involve substantial risks and uncertainties, and actual results may differ
		materially depending on a variety of factors, many of which are not within the
		Company's control. These factors include but are not limited to economic
		conditions generally and in the markets in which the Company may participate;
		competition within the Company's chosen industry, including competition from
		much larger competitors; technological advances and failure by the Company to
		successfully develop business relationships.

PART I

Item 1. - DESCRIPTION OF BUSINESS

Table Trac, Inc. (the "Company" or "Table Trac") is a Nevada
		Corporation, formed on June 27, 1995, with principal offices in Minnetonka,
		Minnesota.

The Company has developed and patented (U.S. patent # 5,957,776) a
		proprietary information and management system (Table Trac) that automates and
		monitors the operations of casino table games. In addition to table games
		management, since 2000 Table Trac has been adding functionality developing
		related casino system modules for guest rewards and loyalty club, marketing
		analysis, guest service, promotions administration / management, vault/cage
		management and audit / accounting. All of these modules use Table Tracs simple
		to learn browser based interface.

In 2005, the Company launched new products in the areas of promotions
		administration and management, customer mailing for tiered pre-encoded
		promotional marketing, gaming machine on-line accounting and management, gaming
		machine vault cage operations, touch screen customer service kiosks, guest
		service paging and wireless handheld communications. The addition of these
		modalities has transformed Table Tracs role from a ""niche" supplier of
		peripheral product offerings to one of a full line single source supplier. The
		Company believes that this development has greatly enhanced their opportunities
		for new system sales in the marketplace, which has been demonstrated in 2005.

Table Trac is able to offer systems of comparable function to their Las
		Vegas based competitors at a significant cost savings by utilizing innovative
		technology and programming resources. Table Trac now has over 10 years of
		on-table experience, 8+ years of customer reward and loyalty programs and over
		7.7 million successful gaming machine hours of operation. Table Trac is
		positioned favorably to compete for the casino systems business of a broader
		cross section of casinos seeking to reduce the cost of their systems and
		improve the reliability and accountability of their operations.

TABLE TRAC INSTALLATIONS

Table Trac currently has systems installed with on-going support and
		maintenance contracts at nine casinos in Minnesota, Wisconsin and Florida.

AVAILABILITY OF TABLE TRAC

Table Trac systems are available for purchase from the Company to any
		legal gambling casino in the U.S. and most legal casinos operating outside the
		U.S. Systems are purchased, installed and sold with a monthly license and
		maintenance contract whereby Table Trac Inc. performs required maintenance on
		its systems to assure trouble free operations.

MANUFACTURING CAPABILITIES

The Company designs and manufactures its own Table Trac table units and
		gaming machine interface boards, using the services of 3rd party electronics
		assembly houses. The Company is aware of local electronic manufacturers
		offering equivalent manufacturing capability whose services the Company could
		readily hire as needed.

TRADEMARKS AND PATENTS

Table Trac's management has actively pursued trademark and patent
		protection for the Company and its products. In the course of it existence,
		Table Trac has spent in excess of $24,000 to secure those protections.

The Company filed for its provisional patent application in August of
		1995, and filed for its Final Application in August 1996. This application was
		approved and issued on September 28, 2000, as patent number 5,957,776.

The Company filed to register its Trademark ("TABLE TRAC") in September
		of 1996. The Trademark was issued on September 7, 2000, as Trademark number
		2,275,137.

Environmental Compliance

The Company believes that it is in compliance with all current federal
		and state environmental laws.

Employees

As of December 31, 2005, the Company had three full-time employees.

Competition

The Company is unaware of any other systems that compete directly with
		the table games management and "on table" table player tracking and game
		management that the Table Trac system offers. Others offer substantially the
		same functions for player tracking in various forms, primarily as "off table"
		functions performed at the pit podium. The Company is aware of two companies
		pursuing a technology which automates player ratings completely. If
		successfully completed, the Company does not expect these systems to compete
		with Table Trac's solution in the markets it pursues due to a prohibitive
		product cost that is projected. The Company is aware of other "players club"
		and gaming machine online systems that compete. These companies have greater
		resources than the Company.

RECENT DEVELOPMENTS

A Wisconsin casino has placed an order for a new system. This will be
		Table Trac's 10th casino customer and is expected to be installed in April
		2006.

Item 2. - PROPERTY

Table Trac's operations are headquartered in Minnetonka, Minnesota. The
		Company's lease for its facility requires monthly payments of $1,260, pursuant
		to a lease agreement that expires Nov 2006.

Item 3. - LEGAL PROCEEDINGS

None

Item 4. - SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

None

PART II

Item 5. - MARKET FOR THE COMMON EQUITY AND RELATED STOCKHOLDER
		MATTERS

The Company's common stock has been traded on the OTC Bulletin Board
		("OTCBB") since July 17, 2000, before that time there was no activity.

|Price per Share Calendar Year 2004 | High  | Low  
|---------------------------------- | ----- | -----
|First Quarter                      | $0.35 | $0.20
|Second Quarter                     | $0.75 | $0.35
|Third Quarter                      | $0.35 | $0.42
|Fourth Quarter                     | $1.00 | $0.40



|Price per Share Calendar Year 2005 | High  | Low  
|---------------------------------- | ----- | -----
|First Quarter                      | $0.76 | $0.36
|Second Quarter                     | $0.77 | $0.46
|Third Quarter                      | $0.60 | $0.40
|Fourth Quarter                     | $0.77 | $0.47

There are more than 100 holders of record of the common stock of the
		Company. There have never been any dividends, cash or otherwise, paid on the
		common shares of the Company.

RECENT SALE OF UNREGISTERED SECURITIES

In the 4th quarter of 2005, warrants dating from 2001 were exercised, a
		total of 127,500 shares were issued at the warrant price of $0.125

Item 6. - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
		AND RESULTS OF OPERATIONS

|Years Ended December 31,Income Statement Data | 2005       | 2004     
|--------------------------------------------- | ---------- | ---------
|Net Sales                                     | $1,184,956 | $ 595,229
|Net Income                                    | $ 302,773  | $ 104,284
|Basic earnings per share                      | $ 0.079    | $ 0.027  



|As of December 31, Balance Sheet Data | 2005      | 2004    
|------------------------------------- | --------- | --------
|Total Assets                          | $391,145  | $ 67,902
|Total Liabilities                     | $ 24,140  | $ 16,951
|Stockholders' Equity                  | $ 367,005 | $ 50,951

Table Trac has achieved several important milestones, including ten
		years serving the gaming industry with quality systems and one year of
		successful operations as a full service casino systems provider. These
		milestones have transformed the Company's role from a ""niche" supplier of
		peripheral product offerings to one of a full line single source systems
		supplier. Credibility in this role is being established with a full year of
		successful operations as a matter of record. Table Trac is now undertaking
		steps to more effectively market the Company and its products in this new
		supplier role. The Company is simultaneously planning investments in personnel
		and manufacturing to support a growing number of casino clients.

Results of Operations YEAR ENDED DECEMBER 31, 2005 COMPARED TO YEAR
		ENDED DECEMBER 31, 2004.

Revenues increased in 2005 by 99% over 2004, to $1,184,956 up from
		$595,229 due to sales of its new system products.

Cost of sales increased in 2005 to $292,496 from $90,776 2004. This
		increase of $201,720 was due to costs of manufacturing the custom Table Trac
		hardware involved in the system installations.

The Gross margin in 2005 is $892,460 or 75% compared with 85% in 2004,
		the decrease was due to the 2005 system sales having more custom built hardware
		than the systems in previous years.

Operating expenses increased from $399,801 in 2004 to $589,687 in 2005.
		The increase of $189,886 was due to additional salary, benefits expenses and
		executive performance bonuses.

As a result the net income for 2005 was $302,773 as compared to net
		income for 2004 of $104,284. This was a gain of $198,489 over the same period
		last year.

Basic earnings per share in 2005 was $0.079 compared to a basic earnings
		per share in 2004 of $0.027.

On December 31, 2005, the total stockholders equity was $367,005. This
		compared to a stockholders equity of $50,951 in 2004.

LIQUIDITY AND CAPITAL RESOURCES

In 2005, the Company increased its positive cash position by $80,220 to
		$99,996 through collections of system sales and re-occurring license and
		maintenance fee revenues.

The Company is not capital intensive. The basic product of the Company
		is its computer software developed by its employees. Most manufacturing is done
		after the Company receives an order, so there is little product inventory held
		by the Company. After an order is completed, the Company's personnel train the
		casinos technicians who do most of the installation as part of training to
		learn the system.

There are no known trends, events or uncertainties that are likely to
		have a material impact on the Company's short or long-term liquidity. The
		primary source of liquidity in both the short term and long term will be from
		sales of new systems and monthly maintenance revenues from existing contracts.
		Based on sales trends, management will manage its expenditure levels.
		Management believes that the Company has adequate cash to meet its obligations
		and continue operations for both existing customer contracts and ongoing
		product development for the next twelve months.

OFF-BALANCE SHEET ARRANGEMENTS

None.

As of the date of this Annual Report, the Company does not have any
		off-balance sheet arrangements.

The term "off-balance sheet arrangement" generally means any
		transaction, agreement or other contractual arrangement to which an entity
		unconsolidated with us is a party, under which we have: (i) any obligation
		arising under a guarantee contract, derivative instrument or variable interest;
		or (ii) a retained or contingent interest in assets transferred to such entity
		or similar arrangement that serves as credit, liquidity or market risk support
		for such assets.

Item 7. -FINANCIAL STATEMENTS

The financial statements of the Company, the accompanying notes and the
		report of the independent registered public accounting firm are part of this
		Form 10-KSB following the signature page.

Item 8. - CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING
		AND FINANCIAL DISCLOSURE.

None.

Item 8A. - CONTROLS AND PROCEDURES

As a small business, non-accelerated filer, the company is not required
		to implement Sarbanes Oxley; however, the company is taking steps consistent
		with its size to provide independent review and safeguards against fraud. Our
		Board of directors and the CEO/Chairman have evaluated the effectiveness of our
		disclosure controls and procedures as of the end of the period covered by this
		report and determined there to be no significant deficiencies in these
		procedures. Also, there were no changes made or corrective actions to be taken
		related to our internal control over financial reporting.

Since the Company does not have a formal audit committee, its Board of
		Directors oversees the responsibilities of the audit committee. The Board is
		fully aware that there is lack of segregation of duties due to the small number
		of employees dealing with general administrative and financial matters.
		However, the Board has determined that considering the employees involved and
		the control procedures in place, risks associated with such lack of segregation
		are insignificant and the potential benefits of adding employees to clearly
		segregate duties does not justify the expenses associated with such increases
		at this time.

Item 8A. - CONTROLS AND PROCEDURES

None

PART III

Item 9. - DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL
		PERSONS; COMPLIANCE WITH SECTION 16(A) OF THE EXCHANGE ACT .

The executive officers and directors of the Company, with a brief
		description, are as follows:



|Name               | Age | Position            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|------------------ | --- | ------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Chad B. Hoehne     | 43  | Chairman, President | Mr. Hoehne is the Chairman, President and founder of the Company.
			 He has a BS degree in Business Administration from Mankato State University.
			 Mr. Hoehne was employed by Micro Control Company from 1985 to 1993.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|Robert R Siqveland | 61  | Secretary           | Mr. Siqveland is the Director of Marketing and the Corporate
			 Secretary. He was an investment advisor and venture capitalist for twenty-five
			 years. Mr. Siqveland has worked with Table Trac in various capacities for the
			 past six years.                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|Thomas Oliveri     | 43  | Director            | Tom Oliveri is Executive Vice President and Chief Operating Officer
			 of Global Payment Technologies, Inc. (GPT), a worldwide leader in automated
			 currency acceptance and validation. Mr. Oliveri, who also is a member of GPT's
			 Board of Directors, joined the company in January 1999. Mr. Oliveri possesses
			 over twenty-two years of diverse manufacturing experience, including fifteen
			 years in senior management positions encompassing a variety of manufacturing
			 venues from military electronics and aviation to medical devices. Mr. Oliveri
			 holds a Bachelor of Science degree from the State University at Oswego and a
			 Master of Science degree from the State University at Stony Brook.

The directors of the Company are elected annually by the stockholders
		for a term of one year or until their successors are elected and qualified. The
		officers serve at the pleasure of the Board of Directors.

Audit Committee Financial Expert

Due to the Company's size and number of employees, it does not currently
		have a serving audit committee and, accordingly, we do not have an audit
		committee financial expert serving on an audit committee.

Compliance with Section 16(a) of the Exchange Act.

Section 16(a) of the Securities Exchange Act of 1934 requires our
		directors, executive officers and persons who own more than five percent of our
		common stock to file initial reports of ownership and reports of changes in
		ownership of our common stock with the SEC. Officers, directors and ten-percent
		or greater beneficial owners are required by SEC regulations to furnish us with
		copies of all Section 16(a) reports they file. Based upon review of the copies
		of such forms furnished to us during the fiscal year ended December 31, 2005
		and representations from these reporting persons, no Forms 5 were required.

Code of Ethics

Table Trac has adopted a code of ethics for our principal executive and
		financial officers. The management promotes honest and ethical conduct, full
		and fair disclosure in our reports to the SEC, and compliance with applicable
		governmental laws and regulations.

Item 10. - EXECUTIVE COMPENSATION.

In 2005 and during the past three years, Mr. Hoehne has fulfilled the
		duties of chief financial officer, corporate administrator, performing the
		corporate accounting and finance activities, chairman and president, in
		addition to programming and technology development. For fulfilling these
		responsibilities the total executive compensation was $290,746 and $149,485 for
		years ended December 31, 2005 and 2004, respectively.

In 2005 and during the past three years, Mr. Siqveland has fulfilled the
		duties of corporate secretary, customer services, installation training and
		corporate development, as well as National Sales Manager. For fulfilling these
		responsabilities the total executive compensation was $92,950 and $77,000 for
		the years ended December 31, 2005 and 2004, respectively.

Options Granted in 2005

None

Aggregated Options Exercises in 2005 and Year End Option
		Values

Chad Hoehne holds employee stock options in the amount of 125,000
		shares.Robert Siqveland holds employee stock options of 225,000 shares.

Boards' Compensation in 2005

None

Item 11. - SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
		MANAGEMENT AND RELATED STOCKHOLDER MATTERS.

There are presently 3,959,034 shares of the Company's common shares
		outstanding. The following table sets forth the information as of December 31,
		2005 to the ownership of each person who, as of this date, owns of record, or
		is known by the Company to own beneficially, more than five per cent of the
		Company's common stock, and in addition, by each director and executive officer
		of the Company, and by all directors and executive officers as a group.

|Name                              | Shares of Common Stock | Percent of Ownership
|--------------------------------- | ---------------------- | --------------------
|Chad and Sally Hoehne (1)         | 1,241,100              | 31.34%              
|Robert Siqveland, Director        | 25,000                 | 0.63%               
|Thomas Oliveri, Director          | 15,000*                | 0.38%*              
|Directors and Officers as a group | 1,281,100              | 32.35%              

*Subscribed but not issued or vested at 12/31/5005

(1) Sally Hoehne is the wife of the President of the Company (Chad
		Hoehne).

Securities Authorized Under Equity Compensation Plans

The following table lists the securities authorized for issuance under
		any equity compensation plans approved by our shareholders and any equity
		compensation plans not approved by our shareholders. This chart also includes
		individual compensation arrangements. Descriptions of these plans are provided
		below.

Equity Compensation Plan Information

|Plan category                                              | Number of securities to be issued upon exercise of
			 outstanding options, warrants and rights (a) | Weighted-average exercise price of outstanding options, warrants
			 and rights (b) | Number of securities remaining available for future issuance under
			 equity compensation plans (excluding securities reflected in column a) (c)
|---------------------------------------------------------- | --------------------------------------------------------------------------------------------------- | ----------------------------------------------------------------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------
|Equity compensation plans approved by security holders     | 492,500                                                                                             | $0.13                                                                               | 507,500                                                                                                                                          
|Equity compensation plans not approved by security holders | - 0 -                                                                                               | - 0 -                                                                               | - 0 -                                                                                                                                            

Item 12. - CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.

None

PART IV

Item 13. - EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON
		FORM 8-K.

(a) Attached are the Financial Statements and the Report of the
		Independent Registered Public Accounting Firm.

(b) The Company had no events to report on Form 8-K in 2005.

(c) There are no exhibits.

ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES

Our independent auditor, Carver Moquist & O'Connor, LLC (formerly
		known as Carver Moquist & Associates, LLC), billed an aggregate of $16,644
		for audit services, including the quarterly review of the Company's Form 10-QSB
		during 2005. No additional fees were paid to Carver Moquist & O'Connor,
		LLC.

The Company does not have an audit committee and as a result our board
		of directors performs the duties of an audit committee. Our board of directors
		evaluates the scope and cost of the engagement of an auditor before the auditor
		renders audit and non-audit services. As a result, we do not rely on
		established pre-approval policies and procedures.

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, there unto duly authorized.

Dated March 31, 2006

TABLE TRAC, INC.

Table Trac, Inc. ______/s/_Chad B. Hoehne_______________
		Chad B. Hoehne, Chief Executive Officer

|CERTIFICATION I, Chad B.
			 Hoehne, Chief Executive Officer of Table Trac, Inc. (the "Registrant"), certify
			 that:
			 1. I have reviewed this annual report
				on Form 10-KSB for the year ended December 31, 2005 of Table Trac, Inc.;
			 2. Based on my knowledge, this annual
				report does not contain any untrue statement of a material fact or omit to
				state a material fact necessary to make the statements made, in light of the
				circumstances under which such statements were made, not misleading with
				respect to the period covered by this annual report;
			 3. Based on my knowledge, the
				financial statements, and other financial information included in this annual
				report, fairly present in all material respects the financial condition,
				results of operations and cash flows of the Registrant as of, and for, the
				periods presented in this annual report;
			 4. The Registrant's other certifying
				officer and I are responsible for establishing and maintaining disclosure
				controls and procedures (as defined in Exchange Act Rules 13a-15(e) and
				15d-15(e)) for the Registrant and have:
			 a) Designed such disclosure
				  controls and procedures, or caused such disclosure controls and procedures to
				  be designed under our supervision, to ensure that material information relating
				  to the Registrant, including its consolidated subsidiaries, is made known to us
				  by others within those entities, particularly during the period in which this
				  annual report is being prepared;
				b) Evaluated the effectiveness of
				  the Registrant's disclosure controls and procedures and presented in this
				  annual report our conclusions about the effectiveness of the disclosure
				  controls and procedures, as of the end of the period covered by this annual
				  report based on such evaluation; and
				c) Disclosed in this annual report
				  any change in the Registrant's internal control over financial reporting that
				  occurred during the Registrant's most recent fiscal quarter (the Registrant's
				  fourth fiscal quarter in the case of an annual report) that has materially
				  affected, or is reasonably likely to materially affect, the Registrant's
				  internal control over financial reporting; and
			 5. The Registrant's other certifying
				officer and I have disclosed, based on our most recent evaluation of internal
				control over financial reporting, to the Registrant's auditors and the audit
				committee of the Registrant's board of directors (or persons performing the
				equivalent functions):
			 a) All significant deficiencies and
				  material weaknesses in the design or operation of internal control over
				  financial reporting which are reasonably likely to adversely affect the
				  Registrant's ability to record, process, summarize and report financial
				  information; and
				b) Any fraud, whether or not
				  material, that involves management or other employees who have a significant
				  role in the Registrant's internal control over financial reporting.
			 Date: March 31, 2006
			 Table Trac, Inc. ______/s/_Chad B.
				Hoehne_______________ Chad B. Hoehne, Chief Executive Officer
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|TABLE TRAC, INC. CERTIFICATION OF
				CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 906 OF
				THE SARBANES-OXLEY ACT OF 2002 (18 U.S.C. 1350)
			 The undersigned, Chad B. Hoehne, the
				Chairman and President of Table Trac, Inc. (the "Company") has executed this
				Certification in connection with the filing with the Securities and Exchange
				Commission of the Company's amended Annual Report on Form 10-KSB for the year
				ended December 31, 2005 (the "Report"). The undersigned hereby certifies that:
				· the Report fully complies with the requirements of Section 13(a) of
				the Securities Exchange Act of 1934; and · the information contained in
				the Report fairly presents, in all material respects, the financial condition
				and results of operations of the Company. IN WITNESS WHEREOF, the undersigned
				has executed this Certification as of the 31th day of March 2006.
			 Table Trac, Inc. ______/s/_Chad B.
				Hoehne_______________ Chad B. Hoehne, Chief Executive
				Officer
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

TABLE TRAC,
		INC.

FINANCIAL STATEMENTS

YEARS ENDED DECEMBER 31, 2005 AND 2004



|Report of Independent Registered Public Accounting Firm | Section | 1
|------------------------------------------------------- | ------- | -
|Balance Sheets                                          | Section | 2
|Statements of Operations                                | Section | 3
|Statements of Stockholders' Equity                      | Section | 4
|Statements of Cash Flows                                | Section | 5
|Notes to Financial Statements                           | Section | 6

Section 1. Independent Auditors'
		Reports

|CARVER MOQUIST & O'CONNOR, LLC(f/k/a
				Carver, Moquist & Associates, LLC) Certified Public Accountants and
				ConsultantsREPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
			 To the Board of Directors and Stockholders of Table
				Trac, Inc.
			 We have audited the accompanying balance sheets of
				Table Trac, Inc. as of December 31, 2005 and 2004, and the related statements
				of operations, stockholders' equity and cash flows for the years then ended.
				These financial statements are the responsibility of the Company's management.
				Our responsibility is to express an opinion on these financial statements based
				on our audits.
			 We conducted our audits in accordance with the
				standards of the Public Accounting Oversight Board (United States). Those
				standards require that we plan and perform the audit to obtain reasonable
				assurance about whether the financial statements are free of material
				misstatement. The company is not required to have, nor were we engaged to
				perform, an audit of its internal control over financial reporting. Our audit
				included consideration of internal control over financial reporting as a basis
				for designing audit procedures that are appropriate in the circumstances, but
				not for the purpose of expressing an opinion on the effectiveness of the
				company's internal control over financial reporting. Accordingly, we express no
				such opinion. An audit also includes examining, on a test basis, evidence
				supporting the amounts and disclosures in the financial statements, assessing
				the accounting principles used and significant estimates made by management, as
				well as evaluating the overall financial statement presentation. We believe
				that our audit provides a reasonable basis for our opinion.
			 In our opinion, the financial statements referred to
				above present fairly, in all material respects, the financial position of Table
				Trac, Inc. as of December 31, 2005 and 2004, and the results of its operations
				and its cash flows for the years then ended, in conformity with accounting
				principles generally accepted in the United States of America.
			 /s/ Carver Moquist & O'Connor, LLC
			 Bloomington, Minnesota March 31, 2006
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Section 2. Financial Statements:
		Balance Sheets

TABLE TRAC, INC.BALANCE SHEETS

|                                                                                                                                                      | December 31, 2005 | December 31, 2004
|----------------------------------------------------------------------------------------------------------------------------------------------------- | ----------------- | -----------------
|ASSETS                                                                                                                                                |                   |                  
|Current assets:                                                                                                                                       |                   |                  
|Cash                                                                                                                                                  | $99,996           | $19,776          
|Accounts receivable, no allowance for doubtful accounts deemed
			 necessary for 2005 and 2004                                                        | 266,973           | 26,396           
|Inventory                                                                                                                                             | 6,767             | 2,956            
|Prepaid expenses                                                                                                                                      | 2,400             | 2,400            
|                                                                                                                                                      |                   |                  
|Total current assets                                                                                                                                  | 376,136           | 51,528           
|                                                                                                                                                      |                   |                  
|Patent, net                                                                                                                                           | 15,009            | 16,374           
|                                                                                                                                                      |                   |                  
|Total assets                                                                                                                                          | 391,145           | 67,902           
|                                                                                                                                                      |                   |                  
|LIABILITIES AND STOCKHOLDERS EQUITY                                                                                                                  |                   |                  
|Current liabilities:                                                                                                                                  |                   |                  
|Accounts payable                                                                                                                                      | $ 8,946           | $ 5,874          
|Accrued payroll and related                                                                                                                           | 15,194            | 11,077           
|Total current liabilities                                                                                                                             | 24,140            | 16,951           
|                                                                                                                                                      |                   |                  
|Stockholders equity:                                                                                                                                 |                   |                  
|Common stock, no par value; 5,000,000 shares
			 authorized: 3,959,034 and 3,831,534 shares issued and outstanding in 2005 and
			 2004, respectively | 1,315,583         | 1,302,302        
|Accumulated deficit                                                                                                                                   | (948,578)         | (1,251,351)      
|Total stockholders equity                                                                                                                            | 367,005           | 50,951           
|                                                                                                                                                      |                   |                  
|Total liabilities and stockholders equity                                                                                                            | $ 391,145         | $ 67,902         

The accompanying notes are an integrated part of these
		financial statements.

Section 3. Financial Statements:
		Statement of Operations

TABLE TRAC,
		INC.STATEMENTS OF OPERATIONS

|                                             |              |             
|-------------------------------------------- | ------------ | ------------
|                                             | Years Ended 
|                                             | December 31, | December 31,
|                                             | 2005         | 2004        
|Net sales                                    | $ 1,184,956  | $ 595,229   
|Cost of sales                                | 292,496      | 90,776      
|Gross profit                                 | 892,460      | 504,453     
|                                             |              |             
|Selling, general and administrative expenses | 589,687      | 399,801     
|                                             |              |             
|Net income from operations                   | 302,773      | 104,652     
|                                             |              |             
|Other income (expense):                      |              |             
|Interest expense                             | - 0 -        | (368)       
|                                             |              |             
|Net income before income taxes               | 302,773      | 104,284     
|Income tax expense (benefit)                 | - 0 -        | - 0 -       
|Net income                                   | $ 302,773    | $ 104,284   
|Basic earnings per share                     | *$0.079*     | *$ 0.027*   
|Weighted average basic shares outstanding    | *3,852,784*  | *3,831,534* 
|Diluted earnings per share                   | 0.072        | *0.025*     
|Weighted average diluted shares              | 4,255,990    | 4,202,220   

The accompanying notes are an integrated part of these
		financial statements.

Section 4. Statement of
		Stockholders Equity

TABLE TRAC, INC.STATEMENTS OF
		STOCKHOLDERS EQUITY (DEFICIT)

|                            | Common Stock Number of
			 Shares | Common
			 StockAmount | Accumulated Deficit | Total    
|--------------------------- | --------------------------------- | ---------------------- | ------------------- | ---------
|BALANCES, December 31, 2003 | 3,831,534                         | $1,302,302             | $(1,355,635)        | $(53,333)
|2004 Net income             | - 0 -                             | - 0 -                  | 104,284             | 104,284  
|BALANCE, DECEMBER 31, 2004  | 3,831,534                         | 1,302,302              | (1,251,351)         | 50,951   
|Warrants exercised          | 127,500                           | 13,281                 |                     | 13,281   
|2005 Net income             | - 0 -                             | - 0 -                  | 302,773             | 302,773  
|BALANCE, DECEMBER 31, 2005  | 3,959,034                         | $1,315,583             | $(948,578)          | $367,005 

The accompanying notes are an integrated part of these
		financial statements.

Section 5. Statements of Cash Flows

TABLE TRAC, INC.
		STATEMENTS OF CASH FLOWS

|                                                                                        | Year Ended December 31,
			 2004 | Year Ended December 31,
			 2004
|--------------------------------------------------------------------------------------- | -------------------------------- | --------------------------------
|Cash flows from operating activities:                                                   |                                  |                                 
|Net income                                                                              | $302,773                         | $104,284                        
|Adjustments to reconcile net income to cash flows
			 provided by operating activities: |                                  |                                 
|Amortization                                                                            | 1,365                            | 1,365                           
|Changes in operating assets and liabilities:                                            |                                  |                                 
|Increase in accounts receivable                                                         | (240,577)                        | (21,362)                        
|Increase in inventory                                                                   | (3,811)                          | (1,761)                         
|Increase in accounts payable                                                            | 3,072                            | 2,006                           
|Increase in accrued payroll and related                                                 | 4,117                            | 7,233                           
|Decrease in deferred revenue                                                            | - 0 -                            | (88,583)                        
|Net cash flows provided by operating activities                                         | 66,939                           | 3,182                           
|                                                                                        |                                  |                                 
|                                                                                        |                                  |                                 
|Cash flows from financing activities:                                                   |                                  |                                 
|Proceeds from warrants exercised                                                        | 13,281                           | - 0 -                           
|Net cash flows provided by financing activities                                         | 13,281                           | - 0 -                           
|                                                                                        |                                  |                                 
|Net increase in cash                                                                    | 80,220                           | 3,182                           
|                                                                                        |                                  |                                 
|Cash - beginning of year                                                                | 19,776                           | 16,594                          
|                                                                                        |                                  |                                 
|Cash - end of year                                                                      | *$ 99,996*                       | *$ 19,776*                      

The accompanying notes are an integrated part of these
		financial statements.

Section 6. Notes to Financial
		Statements

NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Company

Table Trac, Inc. (the Company) was formed under the laws of
		the State of Nevada in June 1995. The Corporation has its offices in
		Minnetonka, Minnesota. The Company has developed and sells an information and
		management system that automates various aspects of the operations of casino
		table games, Table Trac.

Table Trac provides system sales and technical support to
		casinos with a minimum number of tables. System sales include installation,
		custom casino system configuration, and training. In addition, license and
		technical support are provided under an annual license and service contract.
		Custom screens and reports can be designed, if requested by the casino, at
		additional cost.

Revenue Recognition

The Company derives revenues from the sale of systems,
		license and maintenance and services.

System sales: Revenue from systems that have been
		demonstrated to meet customer specifications during installation is recognized
		when the product has been installed, title and risk of loss have transferred to
		the customer and collection of the resulting receivable is probable.

System sales are accounted for as multiple-element
		arrangements. In transactions that include multiple products and/or services,
		the Company allocates the revenue to each element based on their relative fair
		value (or in the absence of fair value, the residual method) and recognizes the
		associated revenue when all revenue recognition criteria have been met for each
		element.

In 2005 a new category of sale was defined, a System Sale
		that included special programming with a customer acceptance clause and payable
		under an installment plan. Due to the Company not having a history of
		collection with this type of installment contract before, they are recognizing
		revenue as the contract is billed.

License and maintenance revenue: Software and maintenance
		revenue are recognized ratably over the contract period.

Service revenue: Service revenue is recognized after the
		services are performed and collection of the resulting receivable is
		probable.

We include as cash equivalents: (a) Certificates of Deposit, and (b) all
		other investments with maturities of three months or less, which are readily
		convertible into known amounts of cash. We maintain our cash in high-quality
		financial institutions. The balances, at times, may exceed federally insured
		limits.

Research and Development

Research and development costs are charged to expense as
		incurred.

Furniture and Equipment

Furniture and equipment are recorded at cost. Depreciation
		is calculated using the straight-line method over the estimated useful lives of
		two to five years. Expenditures for maintenance and repairs are charged to
		operations when incurred. Furniture and fixtures were fully depreciated as of
		December 31, 2001.

Intangible Asset

In March 1999, the Company received patent number 5,957,776
		relating to its table game control system. Management feels strongly that the
		extent of the patent will enable the Company to adequately protect its
		technology. Expenses incurred in obtaining this patent are carried at cost and
		are being amortized over seventeen years using the straight-line method.

Stock-Based Consideration

The Company has applied the fair value-based method of
		accounting for employee and non-employee stock-based consideration and/or
		compensation in accordance with FASB Statement 123 (based on quoted market
		prices at the date of grant and/or as earned).

Income Taxes

The Company accounts for income taxes in accordance with
		Statement of Financial Accounting Standards No. 109, "Accounting for Income
		Taxes" which requires the use of the "liability method" of accounting for
		income taxes. Accordingly, deferred tax liabilities and assets are determined
		based on the differences between the financial statement and tax bases of
		assets and liabilities, using enacted tax rates in effect for the year in which
		the differences are expected to reverse.

The Company's net operating loss carry forwards, have a
		full valuation allowance applied against them for December 31, 2005 and 2004.
		(See Note 5).

Prior to 1999 the Company was treated as a Subchapter S
		corporation whereby revenues and expenses flow through to stockholders for
		inclusion on their individual returns. Accordingly, no income tax provision was
		provided in the Company's financial statements through December 31, 1999.

Concentrations, Risks and Uncertainties

> 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 reported amounts of revenues and expenses during
> 		  the reporting period. Actual results could differ from those estimates.

> Customer Concentrations and Receivables

> The Company sells to domestic and international companies
> 		  and grants limited uncollateralized credit to customers based on credit
> 		  worthiness.

> 100% of the Company's revenues from installation and
> 		  licensing fees from installations of the Company's Table Trac system in
> 		  2005 and 2004 were from nine customers.

> Management believes that receivables are fully
> 		  collectible. While the ultimate result may differ, management believes that any
> 		  write off not allowed for will not have a material impact on the Company's
> 		  financial position. Due to uncertainties in the collection process, however, it
> 		  is at least reasonably possible that management's estimate of the outcome will
> 		  change during the next year.

> No Supplier Concentration

> The Company has developed the ability to manufacture its
> 		  own Table Trac units. The Company is aware of local electronic manufacturers
> 		  offering equivalent manufacturing capability whose services the Company could
> 		  readily hire as needed.

Inventory

Inventory is recorded at the lower of cost (determined on a
		first-in, first-out basis) or market.

Financial Instruments

The carrying amounts for all financial instruments approximates fair
		value. The carrying amounts for cash equivalents, accounts receivable, accounts
		payable and accrued liabilities approximated fair value because of the short
		maturity of these instruments.

Impairment of Long Lived Assets

The Company reviews long-lived assets for impairment
		annually or more frequently if the occurrence of events or changes in
		circumstances indicates that the carrying amount of the assets may not be fully
		recoverable or the useful lives of these assets are no longer appropriate. Each
		impairment test is based on a comparison of the carrying amount of an asset to
		future net undiscounted cash flows. If an impairment is indicated, the asset is
		written down to its estimated fair value on a discounted cash flow basis.

Basic and Diluted Earnings Per Share

Basic earnings per share is computed by dividing net income
		by the weighted average shares outstanding during the reporting period. Diluted
		earnings per share is computed similar to basic earnings per share except that
		the weighted average shares outstanding are increased to include additional
		shares from the assumed exercise of stock options or warrants, if dilutive. The
		number of additional shares is calculated by assuming that outstanding stock
		options or warrants were exercised and that the proceeds from the exercise were
		used to acquire shares of common stock at the average market price during the
		reporting period.

Segment Reporting

The Company operates as one reporting segment.

Comprehensive income (loss)

Comprehensive income (loss) includes net income (loss) and items defined
		as other comprehensive income (loss). Items defined as other comprehensive
		income (loss) include such items as foreign currency translation adjustments
		and unrealized gains (losses) on certain marketable securities. For the year
		ended December 31, 2005 and 2004, the Company had no items defined as other
		comprehensive income (loss).

Recent Accounting Pronouncements

In December 2004, the Financial Accounting Standards Board ("FASB")
		issued Statement No. 123(R), "Shared-Based Payment," which is a revision of
		SFAS No. 123, and supersedes APB Opinion No. 25. SFAS 12(R) requires all
		share-based payments to employees and directors, as well as other equity-based
		compensation arrangements, to be recognized in the financial statements based
		on their fair values, using prescribed option-pricing models effective for the
		first annual period beginning after June 15, 2005. The pro forma disclosure
		previously permitted under SFAS No. 123 will no longer be an alternative to
		financial statements recognition. The adoption of this statement becomes
		effective for the Company on January 1, 2006.

The impact of adopting Statement No. 123(R) can not be predicted at this
		time because it will depend on levels of share-based payments granted in the
		future, valuation methodology adopted and assumptions selected at the time of
		future grants. With the adoption of Statement No. 123(R), we may elect to
		utilize a different valuation method and/or different valuation assumptions.
		These selections may have a significant impact on the amount of share based
		payment expense under Statement No. 123(R).

In May 2005, the FASB issued SFAS 154, "Accounting Changes and Error
		Corrections" which replaces APB Opinion No. 20 "Accounting Changes" and SFAS
		No. 3, "Reporting Accounting Changes in Interim Financial Statements-An
		Amendment of APB Opinion No. 28." SFAS 154 provides guidance on the accounting
		for and reporting of accounting changes and error corrections. It establishes
		retrospective application, or the latest practicable date, as the required
		method for reporting a change in accounting principle and the reporting of a
		correction of an error. SFAS 154 is effective for accounting changes and
		corrections of errors made in fiscal years beginning after December 15, 2005.
		We are currently evaluating the effect that the adoption of SFAS 154 will have
		on our consolidated results of operations and financial condition but not
		expect that adoption will have a material impact.

NOTE 2. OPERATING LEASE

The Company leases its office facilities under a lease
		agreement that expires November 30, 2006. Future minimum lease payments are as
		follows:

> 2006 $ 15,000

Rent expense was $14,400 and $14,400 in 2005 and 2004,
		respectively.

NOTE 3. STOCKHOLDERS' EQUITY

Stock Options and Warrants

In October 2001, the Company implemented an Employee Stock
		Incentive Plan. This plan provides for the issuance of options to employees to
		purchase shares of the Company's common stock at an exercise price at least
		equal to the fair value of the Company's common stock at the grant date. These
		options are exercisable for a period of seven years from the date of grant. The
		Company has reserved 1,000,000 shares of its common stock for potential
		issuance under this plan. As of December 31, 2005, 507,500 stock options were
		available for grants. The following is a summary of all activity involving
		options for the years ended December 31:

|                           |  |                     |  | Weighted Average Exercise Price
|-------------------------- |  | ------------------- |  | -------------------------------
|                           |  | Outstanding Options |  |                                
|                           |  |                     |  |                                
|Balance, December 31, 2003 |  | 570,686             |  | 0.20                           
|                           |  |                     |  |                                
|Granted                    |  | -                   |  |                                
|Exercised                  |  | -                   |  |                                
|Cancelled                  |  | (78,186)            |  | 0.64                           
|                           |  |                     |  |                                
|Balance, December 31, 2004 |  | 492,500             |  | $ 0.13                         
|                           |  |                     |  |                                
|Granted                    |  | -                   |  |                                
|Cancelled                  |  | -                   |  |                                
|                           |  |                     |  |                                
|Balance, December 31, 2005 |  | 492,500             |  | $ 0.13                         

The following is a summary of stock options outstanding as
		of December 31, 2005

|                     | Outstanding Options | Exercisable Options    
|-------------------- | ------------------- | -----------------------
|Excerise Price Range | Number              | Remaining Term in years
|$0.22 - $0.22        | 25,000              | 1.4                    
|$0.125 - $0.125      | 467,500             | 5.8                    
|                     | 492,500             |                        

NOTE 4. SUPPLEMENTAL CASH FLOW INFORMATION

Cash paid for interest was $0 and $368 for the years ended
		December 31, 2005 and 2004 respectively. There were no cash payments for income
		taxes for the years ending December 31, 2005 and 2004.

NOTE 5. INCOME TAXES

The Company was treated as a subchapter S corporation from
		inception through December 31, 1998.

The income tax provisions consists of the following for the
		years ended December 31:

|                            | 2005      | 2004    
|--------------------------- | --------- | --------
|Current                     | $- 0 -    | $- 0 -  
|Deferred                    | 120,000   | 39,000  
|Valuation allowance         | (120,000) | (39,000)
|Total income tax provisions | $- 0 -    | $- 0 -  

The reconciliation between expected federal income tax
		rates is as follows:

|                                                              | 2005       | 2004   
|------------------------------------------------------------- | ---------- | -------
|                                                              | Amount     | Percent
|Expected federal tax $                                        | $102,943   | 34.0%  
|Surtax exemption                                              | (1,612)    | (0.5)  
|State income tax, net of federal tax benefit                  | 18,166     | 6.0    
|Valuation and utilization of net operating loss carryforwards | $(119,497) | (39.5) 
|Total                                                         | $- 0 -     | 0 %    

The Company has fully allowed for its net operating
		carryforwards as follows:

|                                                                | 2005      | 2004     
|--------------------------------------------------------------- | --------- | ---------
|Inventory valuation allowance                                   | $6,000    | $6,000   
|Deferred tax asset relating to net operating loss carryforwards | 203,000   | 323,000  
|Valuation allowance                                             | (209,000) | (329,000)
|Deferred tax asset                                              | $- 0-     | $- 0 -   

At December 31, 2005, the Company has Federal and State NOL
		carryforwards available to offset future taxable income as follows

|Year ending December 31, |         
|------------------------ | --------
|2021                     | 310,000 
|2022                     | 178,000 
|2023                     | 31,000  
|Totals                   | $519,000