|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 March 31, 2006
			 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--
			 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 outstanding as of May 15th
				2006
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Table Trac, Inc.

|I N D E X                                                                                        
|-------------------------------------------------------------------------------------------------
|PART I. FINANCIAL INFORMATION                                                                    
|                                                                                                 
|Item 1. Financial Statements                                                                     
|Balance Sheets as of March 31, 2006 (unaudited)
			 and December 31, 2005 (audited)              
|Statements of Operations for the three months 
			 ended March 31, 2006 and 2005 (unaudited)     
|Statements of Cash Flows for the three months
				ended March 31, 2006 and 2005 (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 Sheets
		(Unaudited)

|                                                                                                                                                 | March 31, 2006(unaudited) | December 31, 2005
|------------------------------------------------------------------------------------------------------------------------------------------------ | ------------------------- | -----------------
|ASSETS                                                                                                                                           |                           |                  
|Current assets:                                                                                                                                  |                           |                  
|Cash                                                                                                                                             | $245,552                  | $99,996          
|Accounts receivable, no allowance for doubtful accounts deemed
			 necessary                                                                     | 99,454                    | 266,973          
|Inventory                                                                                                                                        | 6,767                     | 6,767            
|Prepaid expenses                                                                                                                                 | 7,900                     | 2,400            
|Total current assets                                                                                                                             | 359,673                   | 376,136          
|                                                                                                                                                 |                           |                  
|Patent, net of accumulated amortization                                                                                                          | 14,668                    | 15,009           
|                                                                                                                                                 |                           |                  
|Total assets                                                                                                                                     | $374,341                  | 391,145          
|                                                                                                                                                 |                           |                  
|LIABILITIES AND STOCKHOLDERS EQUITY                                                                                                             |                           |                  
|Current liabilities:                                                                                                                             |                           |                  
|Accounts payable                                                                                                                                 | $ 9,883                   | $ 8,946          
|Accrued payroll and related                                                                                                                      | 12,318                    | 15,194           
|Total current liabilities                                                                                                                        | 22,201                    | 24,140           
|                                                                                                                                                 |                           |                  
|Stockholders equity :                                                                                                                           |                           |                  
|Common stock, no par value; 5,000,000 shares
			 authorized: 3,959,034 shares issued and outstanding at March 31, 2006 and
			 December 31, 2005 | 1,315,583                 | 1,315,583        
|Accumulated deficit                                                                                                                              | (963,443)                 | (948,578)        
|Total stockholders equity                                                                                                                       | 352,140                   | 367,005          
|                                                                                                                                                 |                           |                  
|Total liabilities and stockholders equity                                                                                                       | $374,341                  | $ 391,145        

Table Trac, Inc. Statements of Operations
		(Unaudited)

|                                          |                               | Three Months Ended
|----------------------------------------- | ----------------------------- | ------------------
|                                          |                               | Mar '06           
|                                          |                               |                   
|Net Sales                                 |                               | $160,174          
|Total Cost of Sales                       |                               | 21,984            
|Gross Profit                              |                               | 138,190           
|Total Operating Expense                   |                               | 153,055           
|                                          | Income (Loss) from operations | (14,865)          
|Other Income/Expense                      |                               |                   
|                                          | Interest Expense              | 0                 
|Net Income (loss) Before Taxes            |                               | (14,865)          
|Income Taxes                              |                               | 0                 
|Net Income (Loss)                         |                               | $ (14,865)        
|Basic earnings (loss) per share           |                               | $( 0.004)         
|Weighted average basic shares outstanding |                               | 3,959,034         
|Diluted earnings (loss)per share          |                               | $ (0.004)         
|Weighted average diluted shares           |                               | 3,959,034         

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

|                                                        |                                                                                    |                      | Three Months Ended
|------------------------------------------------------- | ---------------------------------------------------------------------------------- | -------------------- | ------------------
|                                                        |                                                                                    |                      | Mar '06           
|OPERATING ACTIVITIES                                    |                                                                                    |                      |                   
|                                                        | Net Income (loss)                                                                  |                      | $(14,865)         
|                                                        | Adjustments to reconcile Net Income (loss) to net cash
			 provided by operations: |                      |                   
|                                                        |                                                                                    | Patents amortization | 341               
|                                                        | Changes in operating assets and liabilities                                        |                      |                   
|                                                        |                                                                                    | Accounts receivable  | 167,519           
|                                                        |                                                                                    | Inventory            | - 0 -             
|                                                        |                                                                                    | Prepaid Expense      | (5,500)           
|                                                        |                                                                                    | Accounts payable     | 937               
|                                                        |                                                                                    | Deferred revenue     | - 0 -             
|                                                        |                                                                                    | Accrued Payroll      | (2,876)           
|                                                        |                                                                                    |                      |                   
|Net cash provided by (used in) Operating
			 Activities |                                                                                    |                      | 145,556           
|INVESTING ACTIVITIES                                    |                                                                                    |                      |                   
|                                                        | Restricted common stock warrant conversion
			 subscriptions received              |                      | - 0 -             
|Net cash provided by Investing Activities               |                                                                                    |                      | - 0 -             
|                                                        | Net cash increase for period                                                       |                      | $145,556          
|                                                        | Cash at beginning of period                                                        |                      | 99,996            
|                                                        | Cash at end of period                                                              |                      | $245,552          





Table Trac, Inc. SELECTED NOTES TO FINANCIAL
		STATEMENTS March 31, 2006

Note 1. Condensed Financial Statements:

The condensed balance sheet as of March 31, 2006, the statement of
		operations and cash flows for the periods ended March 31, 2006 and 2005 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 March 31, 2006 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, 2005 audited financial
		statements filed on form 10-KSB.

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.

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.

Note 3. Customer Concentration: Ten casino customers comprised 100% of
		the Company's revenues for the three months ended March 31, 2006.

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

Business Overview:

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 Company believes that
		this development has greatly enhanced their opportunities for new system sales
		in the marketplace.

Results of Operations:

Revenues for the three months ended March 31 decreased to $160,174 in
		2006 from $165,745 in 2005. There were increased License and Maintenance
		revenues and sales of the new Kiosk product in the three months ended March 31,
		2006 and one new system installation in the same period for 2005, which
		accounted for the revenues. Cost of sales for the three months ended March 31
		increased in 2006 to $21,984 from $17,735 in 2005 as a result of the sale of
		new kiosk hardware purchased and installed for existing customers. Operating
		expenses for the three months ended March 31, 2006 increased to $153,055 from
		$114,401 in 2005. Payroll expenses rose by 6%, sales travel expenses increased
		86%, other sales & marketing expenses went up 1650% and professional fees
		rose by 151%, and are primarily responsible for the increase in 2006 compared
		to 2005. The result was that there was net loss of $14,865 for the three months
		ended March 31, 2006 compared to net income of $33,608 for the three months
		ended March 31, 2005. The basic earnings (loss) per share was $(0.004) for the
		three months ended March 31, 2006, compared to $0.01 for the three months ended
		March 31, 2005.

Liquidity and Capital Resources:

Cash for the period ending March 31, 2006 increased to $245,552 from
		$19,776 at Dec 31, 2005 primarily due to collection of receivables outstanding
		at year end. 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 system
		sales and the resulting License and Maintenance fees from existing systems.
		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 May 15, 2006By: /s/ Chad Hoehne President CEO

CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO
		SECURITIES EXCHANGE ACT OF 1934 RULE 13a-14(a) OR 15d-14(a)

I, Chad Hoehne, certify that:1. I have reviewed and read
		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 Company 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 the Exchange Act Rules 13a-14 and 15d-14) for the registrant and
		have: (a) designed such disclosure controls and procedures, or caused such
		disclosure controls and procedures to be designed under our supervisions, to
		ensure that material information relating to the registrant 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 and presented in this report
		our conclusions about the effectiveness of the disclosure controls and
		procedures, as of the end of the period covered by this Quarterly Report based
		on such evaluation; and (c) disclosed in this Quarterly 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. I have disclosed, based on our most recent
		evaluation of internal control over financial reporting, to the registrant's
		auditors and board of directors performing the equivalent functions of an audit
		committee: (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 controls over financial
		reporting; and

Date: May 15, 2006By: /s/ Chad Hoehne Name: Chad Hoehne
		Title: Chief Executive Officer and principal financial officer

CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO
		SECURITIES EXCHANGE ACT OF 1934 RULE 13a-14(a) OR 15d-14(a)

I, Chad Hoehne certify that:6. I have reviewed and read this
		Quarterly Report on Form 10-QSB of Table Trac, Inc.; 7. 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; 8.
		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 Company as of,
		and for, the periods presented in this Quarterly Report; 9. I am
		responsible for establishing and maintaining disclosure controls and procedures
		(as defined in the Exchange Act Rules 13a-14 and 15d-14) for the registrant and
		have: (a) designed such disclosure controls and procedures, or caused such
		disclosure controls and procedures to be designed under our supervisions, to
		ensure that material information relating to the registrant 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 and presented in this report
		our conclusions about the effectiveness of the disclosure controls and
		procedures, as of the end of the period covered by this Quarterly Report based
		on such evaluation; and (c) disclosed in this Quarterly 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 10. I have disclosed, based on our most
		recent evaluation of internal control over financial reporting, to the
		registrant's auditors and board of directors performing the equivalent
		functions of an audit committee: (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 controls over financial reporting; and

Date:May 15, 2006

By: /s/ Chad Hoehne Chief Executive Officer and principal financial
		officer



CERTIFICATION PURSUANT TO SECURITIES EXCHANGE ACT OF 1934
		RULE 13a-14(b) OR 15d-14(b) AND 18 U.S.C. SECTION 1350, AS ADOPTED
		PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the quarterly report of Table Trac, Inc. (the
		"Company") on Form 10-QSB for quarter ended March 31, 2006 as filed with the
		Securities and Exchange Commission on the date hereof (the "Quarterly Report"),
		I, Chad Hoehne, Chief Executive Officer of the Company, certify for the purpose
		of complying with Rule 13a-14(b) or Rule 15d-14(b) of the Securities Exchange
		Act of 1934 (the "Exchange Act") and Section 1350 of Chapter 63 of Title 18 of
		the United States Code, that: 1. the Quarterly Report fully complies with
		the requirements of Section 13(a) or 15(d) of the Exchange Act; and 2. the
		information contained in the Quarterly Report fairly presents, in all material
		respect, the financial condition and results of operations of the Company.

Dated: May 15, 2006 By: /s/ Chad Hoehne Chief Executive Officer
		and principal financial officer

CERTIFICATION PURSUANT TO SECURITIES EXCHANAGE ACT OF
		1934 RULE 13a-14(b) OR 15d-14(b) AND 18 U.S.C. SECTION 1350, AS
		ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the quarterly report of Table Trac, Inc. (the
		"Company") on Form 10-QSB for quarter ended March 31, 2006, as filed with the
		Securities and Exchange Commission on the date hereof (the "Quarterly Report"),
		I, Chad Hoehne, Chief Financial Officer of the Company, certify for the purpose
		of complying with Rule 13a-14(b) or Rule 15d-14(b) of the Securities Exchange
		Act of 1934 (the "Exchange Act") and Section 1350 of Chapter 63 of Title 18 of
		the United States Code, that: 3. the Quarterly Report fully complies with
		the requirements of Section 13(a) or 15(d) of the Exchange Act; and 4. the
		information contained in the Quarterly Report fairly presents, in all material
		respect, the financial condition and results of operations of the Company.

Dated: May 15, 2006

By: /s/ Chad Hoehne Chief Executive Officer and principal financial
		officer