|UNITED STATES
			 SECURITIES AND EXCHANGE
				COMMISSIONWashington, DC 20549
			 Form 10-QSB
			 [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR
				15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
			 For the quarterly period ended June 30, 2003
			 OR
			 [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR
				15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
			 For the transition period from _____________to
				_____________
			 Commission File Number 0-28383
			 Table Trac, Inc.(Exact name of small business issuer as specified in its
				charter)
			 Nevada - - - - - - - - - - - - - - - - - - -
				- - - - -- - - - - - - - - - - - 88-0336568 (State or other
				jurisdiction of Incorporation or organization) -- - -(IRS Employer
				Identification No.)
			 4625 County Rd 101,  Suite 202 Minnetonka,
				 Minnesota 55345 (Address of principal executive offices)
			 (952) 548-8877(Registrant's telephone number,
				including area code)
			 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 X No--
			 3,619,034 Shares Of Common Stock were outstanding
				as of June 30, 2003
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Table Trac, Inc.

|I N D E X                                                                                        
|-------------------------------------------------------------------------------------------------
|PART I. FINANCIAL INFORMATION                                                                    
|Item 1. Financial Statements (Unaudited)                                                         
|Balance Sheets as of June 30, 2003 and December 31,
			 2002                                     
|Statements of Operations for the three months and
			 6 months ended June 30, 2003 and 2002      
|Statements of Cash Flows for the six months
				ended June 30, 2003 and 2002                     
|Selected Notes to Financial Statements                                                           
|Item 2. Management's Discussion and Analysis of
			 Financial Condition and Results of Operations
|PART II. OTHER INFORMATION                                                                       
|Item 1. Legal Proceedings                                                                        
|Item 6. Exhibits and Reports on Form 8-K                                                         
|SIGNATURES                                                                                       

Part I. FINANCIAL INFORMATION

Item I. FINANCIAL STATEMENTS

Table Trac, Inc. (A Development Stage Company)
		Balance Sheet (Unaudited)

|                           |                      |                            |                                 | June 30, '03 | Dec 31, '02
|-------------------------- | -------------------- | -------------------------- | ------------------------------- | ------------ | -----------
|ASSETS                     |                      |                            |                                 |              |            
|                           | Current Assets       |                            |                                 |              |            
|                           |                      | Total Checking/Savings     |                                 | 7,438        | 139        
|                           |                      | Certificates of deposit    |                                 | 5,781        | 5637       
|                           |                      | Total Accounts Receivable  |                                 | 12,639       | 9,966      
|                           |                      | Total Other Current Assets |                                 | 678          | 1674       
|                           | Total Current Assets |                            |                                 | $26,536      | $17,416    
|                           | Total Fixed Assets   |                            |                                 | 0            | 0          
|                           | Total Other Assets   |                            |                                 | 18.421       | 19,103     
|TOTAL ASSETS               |                      |                            |                                 | $44,957      | $36,519    
|LIABILITIES & EQUITY       |                      |                            |                                 |              |            
|                           | Liabilities          |                            |                                 |              |            
|                           |                      | Current Liabilities        |                                 |              |            
|                           |                      |                            | Total Accounts Payable          | 7,136        | 5,773      
|                           |                      |                            | Total Other Current Liabilities | 8,610        | 7,625      
|                           |                      | Total Current Liabilities  |                                 | 15,746       | 13,398     
|                           |                      | Long Term Liabilities      |                                 |              |            
|                           |                      |                            | Convertible Notes Payable       | 12,000       | -0-        
|                           |                      |                            | Total Long Term Liabilities     | $12,000      | -0-        
|                           | Total Liabilities    |                            |                                 | $27,746      | $13,398    
|                           | Equity               |                            |                                 |              |            
|                           |                      | Capital Stock              |                                 | 1,278,718    | 1,278,718  
|                           |                      | Preferred A Stock          |                                 | 3,320        | 3,320      
|                           |                      | Retained Earnings          |                                 | (1,258,917)  | (1,038,347)
|                           |                      | Net Income (Loss)          |                                 | (5910)       | (220,570)  
|                           | Total Equity         |                            |                                 | $17,211      | $23,121    
|TOTAL LIABILITIES & EQUITY |                      |                            |                                 | $44,957      | $36,519    

Table Trac, Inc. (A Development Stage Company)
		Statements Of Operations (Unaudited)

|                                                 |                         | Three Months Ending | Six Months Ending
|------------------------------------------------ | ----------------------- | ------------------- | -----------------
|                                                 |                         | June 30 '03         |                  
|Ordinary Income/Expense                          |                         |                     |                  
|                                                 | Total Income            | 37,771              |                  
|                                                 | Total COGS              | -0-                 |                  
|                                                 | Gross Profit            | $37,771             |                  
|                                                 | Total Operating Expense | 43,484              |                  
|Net Ordinary Income                              |                         | $(5,713)            |                  
|Other Income/Expense                             |                         |                     |                  
|                                                 | Interest Income         | 89                  |                  
|Net Income Before Taxes                          |                         | $(5,624)            |                  
|Income Taxes                                     |                         | -0-                 |                  
|Net Income (Loss)                                |                         | $(5,624)            |                  
|Income (Loss) per Share                          |                         | (0.0015)            |                  
|Income/(Loss) Per Common Share Assuming Dilution |                         | (0.0015)            |                  
|Weighted Average Outstanding Shares              |                         | 3,619,034           |                  

Table Trac, Inc. (A Development Stage Company)
		Statements of Cash Flows (Unaudited)

|                                          |                                                                             |                         | 6 Months Ended June 30 `03 | 6 Months Ended June 30 `02
|----------------------------------------- | --------------------------------------------------------------------------- | ----------------------- | -------------------------- | --------------------------
|OPERATING ACTIVITIES                      |                                                                             |                         |                            |                           
|                                          | Net Income                                                                  |                         | $(5,910)                   | (68,788)                  
|                                          | Adjustments to reconcile Net Income to net cash
			 provided by operations: |                         |                            |                           
|                                          |                                                                             | Accounts Receivable     | (2,673)                    | (75,258)                  
|                                          |                                                                             | Inventory               | (4)                        | (3,023)                   
|                                          |                                                                             | Loans To Shareholders   | 1,000                      | 4,659                     
|                                          |                                                                             | Prepaid Expenses        | 0                          | 280                       
|                                          |                                                                             | Accounts Payable        | 1418                       | 12,347                    
|                                          |                                                                             | Payroll Liabilities     | 2419                       | 1,042                     
|                                          |                                                                             | Payroll tax Liabilities | (1,434)                    | -0-                       
|                                          |                                                                             | Patents:Amoritization   | 683                        | 682                       
|Net cash provided by Operating Activities |                                                                             |                         | $(4,501)                   | $(128,741)                
|FINANCING ACTIVITIES                      |                                                                             |                         |                            |                           
|                                          | Net cash proided by Financing Act.                                          |                         | 12,000                     | -0-                       
|                                          | Net cash increase for period                                                |                         | $7,499                     | $(128,059)                
|                                          | Cash at beginning of period                                                 |                         | 5,720                      | 160,037                   
|Cash at end of period                     |                                                                             |                         | $13,219                    | $31,978                   



Table Trac, Inc. (A Development Stage Company)
		SELECTED NOTES TO FINANCIAL STATEMENTS June 30, 2003

Note 1. Condensed Financial Statements:

The condensed balance sheet as of June 30, 2003, the statement of
		operations for the periods ended June, 2003 and 2002, and the condensed
		statement of cash flows for the periods then ended have been prepared by the
		Company, without audit. In the opinion of management, all adjustments (which
		include only normal recurring adjustments) necessary to present fairly the
		financial position, results of operations and changes in cash flows at June 30,
		2003 and for all periods presented have been made.

Certain information and footnote disclosures normally included in
		financial statements prepared in accordance with generally accepted accounting
		principles have been condensed or omitted. It is suggested that these condensed
		financial statements be read in conjunction with the financial statements and
		notes thereto included in the Company's December 31, 2002 audited financial
		statements. The results of operations for the period ended June 30, 2003 are
		not necessarily indicative of the operating results for the full year.

Note 2. Revenue Recognition: Revenues are recorded at the time of
		shipment of products or performance of services. Monthly license fees are
		recorded over the lives of the respective contracts or as earned.

Note 3. Customer Concentration: Five major customers comprised 95% of
		the Company's revenues from installation and licensing fees from the
		installation of the Company's Table Trac(TM) system through June 30 2003.

ITEM 2: MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
		RESULTS OF OPERATIONS

Business Overview:

Table Trac, Inc.'s patented real-time management system product
		automates and monitors the operations of casino table games (blackjack, craps,
		etc.) The Table Trac(TM) system (patent number 5,957,776) is available for an
		installation and monthly license fee from the Company. The system is operating
		in 5 midwest casinos. With the system developed, site tested and commercial
		viability established, the Company has turned its focus to sales and marketing
		as wells as development of complimentary products such as Self Service Kiosks.

Results of Operations:

Revenues in the quarter ended June 30, 2003 of $37,771 are lower than
		the $126,397 posted in 2002. Although license and maintenance fees increased in
		2003, a system sale in 2002 accounts for the difference. All of the Company's
		revenues from installation and licensing fees from the installation of the
		Company's Table Trac(TM) system were from seven customers through June 2003.
		Costs of sales in the quarter ended June 30 decreased in 2003 to $-0- from
		$14,018 in 2002 as none of the 2003 revenues were the result of hardware sales.
		Operating expenses in the quarter ended June 30 substantially reduced in 2003,
		to $41,924 from $103,001. The major changes were decreased payroll and
		decreased employee benefit expenses in 2003 compared to 2002. The result was
		that there was a net loss of ($-4,064) in the second quarter 2003 compared to a
		net gain of $9,640 in the second quarter 2002. The net loss per share was
		$(-0.0011) in the second quarter 2003 compared to a net gain per share
		of $0.0026 in the second quarter 2002.

Liquidity and Capital Resources:

The Company recieved a bridge loan of $12,000 from Emergent Financial
		which will convert to stock at not less than $0.08. The company presently has
		no plans to offer furhter notes or other securities. The Company's current
		operations are supported using the monies provided from current contracts. The
		Company continues to pursue opportunities for additional installations, but
		there can be no assurances that the Company will be successful in its efforts.

Safe Harbor:

The Private Securities Litigation Reform Act of 1995 provides "safe
		harbor" for forward-looking statements. Certain information included in this
		Form 10-QSB and other materials filed or to be filed by the Company with the
		Securities and Exchange Commission (as well as information included in oral
		statements or other written statements made or to be made by the Company)
		contain statements that are forward-looking, such as statements relating to
		plans for sales and marketing, liquidity, and other business activities and
		developments. Such forward-looking information involves important risks and
		uncertainties that could significantly affect anticipated results in the future
		and, accordingly, such results may differ from those expressed in any
		forward-looking statements made by or on behalf of the Company. These risks and
		uncertainties include, but are not limited to, dependence on a limited number
		of customers, general economic conditions, or changes in federal or state laws
		or regulations.

PART II. OTHER INFORMATION

Item 1. Legal Proceedings

The Company is aware of no legal proceeding that is pending or
		threatened to which the Company is a party or of which its property is subject.

Item 6. Exhibits and Reports on Form 8-K (b) One report on Form 8-K was
		filed subsequent to the three months ended June 30, 2003, but prior to the
		filing of this 10Q, on August 11th.

SIGNATURE

In accordance with the requirements of the Exchange Act, the Registrant
		has duly caused this report to be signed on its behalf by the undersigned
		thereunto duly authorized.

Table Trac, Inc. Date August 27, 2003 By: /s/ Chad Hoehne President CEO

CERTIFICATIONS

I, Chad Hoehne, certify that:

1. I have reviewed this quarterly report on Form 10-QSB of Table Trac,
		Inc.;

2. Based on my knowledge, this quarterly 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
		quarterly report;

3. Based on my knowledge, the financial statements, and other financial
		information included in this quarterly 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 quarterly report;

4. I am responsible for establishing and maintaining disclosure controls
		and procedures (as defined in Exchange Act Rules 13a-14 and 15d-14) for the
		registrant and have: a) designed such disclosure controls and procedures 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 quarterly report is being
		prepared; b) evaluated the effectiveness of the registrant's disclosure
		controls and procedures as of a date within 90 days prior to the filing date of
		this quarterly report (the "Evaluation Date"); and c) presented in this
		quarterly report our conclusions about the effectiveness of the disclosure
		controls and procedures based on our evaluation as of the Evaluation Date;

5. I have disclosed, based on our most recent evaluation, to the
		registrant's auditors and the audit committee of registrant's board of
		directors (or persons performing the equivalent functions): a) all significant
		deficiencies in the design or operation of internal controls which could
		adversely affect the registrant's ability to record, process, summarize and
		report financial data and have identified for the registrant's auditors any
		material weaknesses in internal controls; and b) any fraud, whether or not
		material, that involves management or other employees who have a significant
		role in the registrant's internal controls; and

6. I have indicated in this quarterly report whether or not there were
		significant changes in internal controls or in other factors that could
		significantly affect internal controls subsequent to the date of our most
		recent evaluation, including any corrective actions with regard to significant
		deficiencies and material weaknesses.

|Date: Aug 27, 2003                                            
|--------------------------------------------------------------
|Signed: /s/Chad Hoehne                                        
|Name Chad Hoehne                                              
|Title: Chief Executive Officer and principal financial officer

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO
		SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 I, Chad Hoehne, the Chief
		Executive Officer and principal financial officer of Table Trac, Inc. (the
		"Company") in compliance with 18 U.S.C. Section 1350, as adopted pursuant to
		Section 906 of the Sarbanes-Oxley Act of 2002, hereby certify that, the
		Company's Quarterly Report on Form 10-QSB for the period ended June 30, 2003
		fully complies with the requirements of Section 13(a) or 15(d) of the
		Securities Exchange Act of 1934 and fairly presents, in all material respects,
		the financial condition and results of operations of the Company.

|Date: Aug. 27, 2003                                           
|--------------------------------------------------------------
|Signed: /s/Chad Hoehne                                        
|Name Chad Hoehne                                              
|Title: Chief Executive Officer and principal financial officer