|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, 2004
			 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.)
			 15612 Highway 7,  Suite 250 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--
			 3,831,534 Shares Of Common Stock were outstanding
				as of June 30, 2004
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Table Trac, Inc.

|I N D E X                                                                                                
|---------------------------------------------------------------------------------------------------------
|PART I. FINANCIAL INFORMATION                                                                            
|Item 1. Financial Statements                                                                             
|Balance Sheets as of June 30, 2004 (unaudited)
			 and December 31, 2003 (audited)                       
|Statements of Operations for the three months and
			 six months ended June 30, 2004 and 2003 (unaudited)
|Statements of Cash Flows for the six months
				ended June 30, 2004 and 2003 (unaudited)                 
|Selected Notes to Financial Statements
			 (unaudited)                                                   
|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. Balance Sheet

|                                      |                                             |                                                                                                                                          |   | June 30, 2004 (unaudited) |   | December 31, 2003 (audited)
|------------------------------------- | ------------------------------------------- | ---------------------------------------------------------------------------------------------------------------------------------------- | - | ------------------------- | - | ---------------------------
|ASSETS                                |                                             |                                                                                                                                          |   |                           |   |                            
|Current Assets:                       |                                             |                                                                                                                                          |   |                           |   |                            
|                                      | Cash                                        |                                                                                                                                          | $ | 18,813                    | $ | 16,594                     
|                                      | Accounts receivable, net                    |                                                                                                                                          |   | 20,818                    |   | 5,034                      
|                                      | Prepaid expenses                            |                                                                                                                                          |   | 2,400                     |   | 2,400                      
|                                      | Inventory                                   |                                                                                                                                          |   | 415                       |   | 1,195                      
|                                      |                                             |                                                                                                                                          |   |                           |   |                            
|                                      |                                             | Total current assets                                                                                                                     |   | 42,446                    |   | 25,223                     
|                                      |                                             |                                                                                                                                          |   |                           |   |                            
|Other assets, net                     |                                             |                                                                                                                                          |   | 17,056                    |   | 17,738                     
|                                      |                                             |                                                                                                                                          |   |                           |   |                            
|                                      |                                             |                                                                                                                                          |   |                           |   |                            
|                                      |                                             | Total assets                                                                                                                             | $ | 59,502                    | $ | 42,961                     
|                                      |                                             |                                                                                                                                          |   |                           |   |                            
|                                      |                                             |                                                                                                                                          |   |                           |   |                            
|LIABILITIES AND STOCKHOLDERS' DEFICIT |                                             |                                                                                                                                          |   |                           |   |                            
|                                      |                                             |                                                                                                                                          |   |                           |   |                            
|Current Liabilities:                  |                                             |                                                                                                                                          |   |                           |   |                            
|                                      | Deferred revenue                            |                                                                                                                                          | $ | -                         | $ | 88,583                     
|                                      | Demand notes payable                        |                                                                                                                                          |   |                           |   |                            
|                                      | Accounts payable                            |                                                                                                                                          |   | 5,652                     |   | 3,868                      
|                                      | Accrued expenses:                           |                                                                                                                                          |   |                           |   |                            
|                                      |                                             | Payroll and payroll taxes                                                                                                                |   | 1,089                     |   | 3,843                      
|                                      |                                             | Other                                                                                                                                    |   |                           |   |                            
|                                      |                                             |                                                                                                                                          |   |                           |   |                            
|                                      |                                             | Total current liabilities                                                                                                                |   | 6,741                     |   | 96,294                     
|                                      |                                             |                                                                                                                                          |   |                           |   |                            
|                                      |                                             | Total liabilities                                                                                                                        |   | 6,741                     |   | 96,294                     
|                                      |                                             |                                                                                                                                          |   |                           |   |                            
|Stockholders' Equity:                 |                                             |                                                                                                                                          |   |                           |   |                            
|                                      | Common stock, no par or stated value;       | 5,000,000 shares authorized: 3,831,534 and 3,619,034 shares issued
			 and outstanding at June 30,2004 and December 31,2003,respectively |   | 1,302,302                 |   | 1,302,302                  
|                                      | Accumulated deficit                         |                                                                                                                                          |   | (1,249,541)               |   | (1,355,635)                
|                                      |                                             |                                                                                                                                          |   |                           |   |                            
|Stockholders' equity                  |                                             |                                                                                                                                          |   | 52,761                    |   | (53,333)                   
|                                      |                                             |                                                                                                                                          |   |                           |   |                            
|                                      | Total liabilities and stockholders deficit |                                                                                                                                          | $ | 59,502                    | $ | 42,961                     

Table Trac, Inc. Statements of Operations
		(Unaudited)

|                                            |                                     |                         |   | Three Months Ended June 30 |  | Six Months Ended June 30
|------------------------------------------- | ----------------------------------- | ----------------------- | - | -------------------------- |  | ------------------------
|                                            |                                     |                         |   | 2004                       |  |                         
|                                            |                                     |                         |   |                            |  |                         
|Revenues                                    |                                     |                         | $ | 48,283                     |  | $                       
|                                            |                                     |                         |   |                            |  |                         
|Cost of Sales                               |                                     |                         |   | 5,989                      |  |                         
|                                            |                                     |                         |   |                            |  |                         
|Gross Profit                                |                                     |                         |   | 42,294                     |  |                         
|                                            |                                     |                         |   |                            |  |                         
|Expenses:                                   |                                     |                         |   |                            |  |                         
|                                            | Selling, general and administrative |                         |   | 109,891                    |  |                         
|                                            |                                     |                         |   |                            |  |                         
|                                            |                                     | Total operating expense |   | 109,891                    |  |                         
|                                            |                                     |                         |   |                            |  |                         
|                                            |                                     | Operating loss          |   | (67,597)                   |  |                         
|                                            |                                     |                         |   |                            |  |                         
|Other income (expense)                      |                                     |                         |   |                            |  |                         
|                                            | Interest Income                     |                         |   |                            |  |                         
|                                            | Interest Expense                    |                         |   | 349                        |  |                         
|                                            |                                     |                         |   |                            |  |                         
|Net loss                                    |                                     |                         | $ | (67,946)                   |  | $                       
|                                            |                                     |                         |   |                            |  |                         
|Net loss per basic and diluted common share |                                     |                         | $ | (0.018)                    |  | $                       
|                                            |                                     |                         |   |                            |  |                         
|                                            |                                     |                         |   |                            |  |                         
|Weighted average common shares              |                                     |                         |   | 3,831,534                  |  |                         

Table Trac, Inc. Statements of Cash Flows
		(Unaudited)

|                                                                             |                               | Six Months Ended June 30
|---------------------------------------------------------------------------- | ----------------------------- | ------------------------
|                                                                             |                               |                         
|                                                                             |                               |                         
|Cash flow from operating activities:                                         |                               |                         
|Net gain (loss)                                                              |                               | $                       
|Adjustments to reconcile net loss to net cash from operating
			 activities: |                               |                         
|                                                                             |                               |                         
|                                                                             | Depreciation and amortization |                         
|Changes in operating assets and liabilities:                                 |                               |                         
|                                                                             | Accounts receivable           |                         
|                                                                             | Prepaid expenses              |                         
|                                                                             | Accounts payable              |                         
|                                                                             | Inventory                     |                         
|                                                                             | Other assets                  |                         
|                                                                             | Deferred revenue              |                         
|                                                                             | Other                         |                         
|                                                                             |                               |                         
|Net cash used by operating activities                                        |                               |                         
|                                                                             |                               |                         
|Cash flow from financing activities:                                         |                               |                         
|Proceeds from stock subscriptions                                            |                               |                         
|                                                                             |                               |                         
|Net cash provided by financing activities                                    |                               |                         
|                                                                             |                               |                         
|Increase in cash                                                             |                               |                         
|Cash at beginning of period                                                  |                               |                         
|                                                                             |                               |                         
|Cash at end of period                                                        |                               | $                       





Table Trac, Inc. SELECTED NOTES TO FINANCIAL
		STATEMENTS June 30, 2004

Note 1. Condensed Financial Statements:

The condensed balance sheet as of June 30, 2004, the statement of
		operations and cash flows for the periods ended June 30, 2004 and 2003 have
		been prepared by the Company, without audit. In the opinion of management, all
		adjustments (which include normal recurring adjustments and adjustments to
		revenues for compliance with the company's revenue recognition policy)
		necessary to present fairly the financial position, results of operations and
		changes in cash flows at June 30, 2004 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, 2003 audited financial
		statements filed on form 10-KSB. The results of operations for the period ended
		June 30, 2004 are not necessarily indicative of the operating results for the
		full year.

Note 2. 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.

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.

Note 3. Customer Concentration: Seven customers comprised 95% of the
		Company's revenues for the six months ended June 30, 2004.

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 7 Midwest casinos. The Company's primary mission is to provide a high level
		of support for its customers systems in the field. Continued efforts to expand
		the Company's sales through marketing are ongoing. Development to expand the
		products offered, and expand the functionality of existing products have been
		ongoing. Management continues its belief that revenues from the development
		efforts on new product offerings will be realized before the end of 2004.

Results of Operations:

Revenues for the three months ended June 30 increased to $48,283 in 2004
		from $37,771 in 2003. License and maintenance fees on the new systems installed
		in the first quarter accounted for the increase in revenues. Cost of sales for
		the three months ended June 30 increased in 2004 to $5,989 from $0 in 2003 as a
		result of increased software license costs to maintain existing systems in
		2004. This cost to maintain existing systems is not a normal quarterly expense
		and should not be incurred again for several years. Operating expenses for the
		three months ended June 30 increased in 2004, to $109,891 from $43,484. The
		major changes were increased payroll, employee benefit and sales expenses in
		2004 compared to 2003. The result was that there was a net loss of $67,946 for
		the three months ended June 30, 2004 compared to a net loss of $5,624, for the
		three months ended Jun 30, 2003. The net loss per share was $0.018 for the
		three months ended June 30, 2004, compared to a net loss per share of $0.0002
		for the three months ended June 30, 2003.

Revenues for the six months ended June 30 increased to $322,540 in 2004
		from $81,077 in 2003. Four system installations accounted for the majority of
		the increase along with increased license and maintenance fees. The most
		significant portion, $209,931 was from the addition of two new casino customers
		and systems sales with existing customers purching upgrades of Table Trac's
		latest product. Cost of sales for the six months ended June 30 increased in
		2004 to $24,735 from $853 in 2003 as a result of systems sales and increased
		software license costs to maintain existing systems in 2004. Operating expenses
		in the six months ended June 30 increased in 2004, to $191,343 from $86,280.
		The major changes were increased payroll, employee benefit and sales expenses
		in 2004 compared to 2003. The result was net income of $106,094 for the six
		months ended June 30, 2004 compared to a net loss of ($5,910) for the six
		months ended June 30, 2003. The net income per share was $0.028 for the first
		six months ended June 30, 2004, compared to a net loss per share of $0.0002 for
		the six months ended June 30, 2003.

Liquidity and Capital Resources:

There are no known trends, events or uncertainties that are likely to
		have a material impact on the short or long-term liquidity. The primary source
		of liquidity in both the short term and the long term will be sales. Management
		has been able to manage its expenses and cash flows for the swings in cash
		flows the Company has experienced so that monthly obligations are met by
		revenues from existing contracts. Management believes that the Company has
		adequate cash to meet its obligations and continue operations for both existing
		customer contracts and ongoing product development.

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

None.

ITEM 3. CONTROLS AND PROCEDURES

The President and Chief Executive Officer and of the Company have
		concluded based on their evaluation as of the period covered by this Report,
		that the Company's disclosure controls and procedures are effective to ensure
		that information required to be disclosed by the Company in the reports filed
		or submitted by it under the Securities Act of 1934, as amended, is recorded,
		processed, summarized and reported within the time periods specified in the
		Securities and Exchange Commission's rules and forms, and include controls and
		procedures designed to ensure that information required to be disclosed by the
		Company in such reports is accumulated and communicated to the Company's
		management, including the president, as appropriate to allow timely decisions
		regarding required disclosure.

There were no significant changes in the Company's internal controls or,
		to our knowledge, in other factors that could significantly affect these
		internal controls subsequent to the date of such evaluation.

ITEM 6. Exhibits and Reports on Form 8-K

None.

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 11, 2004By: /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: August 11, 2004                                         
|--------------------------------------------------------------
|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, 2004
		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: August 11, 2004                                         
|--------------------------------------------------------------
|Signed: /s/Chad Hoehne                                        
|Name Chad Hoehne                                              
|Title: Chief Executive Officer and principal financial officer