|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, 2005
			 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: 3,831,534 Shares Of Common Stock
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Table Trac, Inc.

|I N D E X                                                                                                
|---------------------------------------------------------------------------------------------------------
|PART I. FINANCIAL INFORMATION                                                                            
|Item 1. Financial Statements                                                                             
|Balance Sheets as of June 30, 2005 (unaudited)
			 and December 31, 2004 (audited)                       
|Statements of Operations for the three months and
			 six months ended June 30, 2005 and 2004 (unaudited)
|Statements of Cash Flows for the six months
				ended June 30, 2005 and 2004 (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

|                                                                                                                                        | June 30, 2005(unaudited) | December 31, 2004
|--------------------------------------------------------------------------------------------------------------------------------------- | ------------------------ | -----------------
|ASSETS                                                                                                                                  |                          |                  
|Current assets:                                                                                                                         |                          |                  
|Cash                                                                                                                                    | $106,597                 | $19,776          
|Accounts receivable, no allowance for doubtful accounts deemed
			 necessary                                                            | 265,376                  | 26,396           
|Inventory                                                                                                                               | 8,560                    | 2,956            
|Prepaid expenses                                                                                                                        | 2,400                    | 2,400            
|Total current assets                                                                                                                    | 382,933                  | 51,528           
|                                                                                                                                        |                          |                  
|Patent, net of accumulated amortization                                                                                                 | 15,692                   | 16,374           
|                                                                                                                                        |                          |                  
|Total assets                                                                                                                            | $398,625                 | $67,902          
|                                                                                                                                        |                          |                  
|LIABILITIES AND STOCKHOLDERS EQUITY
			 (DEFICIT)                                                                                      |                          |                  
|Current liabilities:                                                                                                                    |                          |                  
|Accounts payable                                                                                                                        | $ 1,919                  | $ 5,874          
|Accrued payroll and related                                                                                                             | 2,606                    | 11,077           
|Deferred revenue                                                                                                                        | 157,636                  | -                
|Total current liabilities                                                                                                               | 162,161                  | 16,951           
|                                                                                                                                        |                          |                  
|Stockholders equity (deficit):                                                                                                         |                          |                  
|Restricted common stock warrant conversion
			 subscriptions received                                                                   | 13,281                   |                  
|Common stock, no par value; 5,000,000 shares
			 authorized: 3,831,534 shares issued and outstanding in 2005 and 2004,
			 respectively | 1,302,302                | 1,302,302        
|Retained deficit                                                                                                                        | (1,079,119)              | (1,251,351)      
|Total stockholders equity                                                                                                              | 236,464                  | 50,951           
|                                                                                                                                        |                          |                  
|Total liabilities and stockholders equity                                                                                              | $389,625                 | $ 67,902         

Table Trac, Inc. Statements Of Operations
		(Unaudited)

|                                          |                               | Three Months Ending | Six Months Ending
|----------------------------------------- | ----------------------------- | ------------------- | -----------------
|                                          |                               | April - June '05    |                  
|                                          |                               |                     |                  
|Net Sales                                 |                               | 453,893             |                  
|Total COGS                                |                               | 118,108             |                  
|                                          | Gross Profit                  | 335,785             |                  
|Total Operating Expense                   |                               | 197,161             |                  
|                                          | Income (Loss) from operations | 138,624             |                  
|Other Income/Expense                      |                               |                     |                  
|                                          | Interest Expense              | 0                   |                  
|Net Income (loss) Before Taxes            |                               | 138,624             |                  
|Income Taxes                              |                               | 0                   |                  
|Net Income (loss)                         |                               | $ 138,624           |                  
|Basic earnings (loss) per share           |                               | $ 0.036             |                  
|Weighted average basic shares outstanding |                               | 3,831,534           |                  
|Diluted earnings (loss) per share         |                               | $ 0.034             |                  
|Weighed average diluted shares            |                               | 4,112,377           |                  

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

|                                          |                                                                             |                       | Jan - June '05 | Jan - June '04
|----------------------------------------- | --------------------------------------------------------------------------- | --------------------- | -------------- | --------------
|OPERATING ACTIVITIES                      |                                                                             |                       |                |               
|                                          | Net Income                                                                  |                       | $172,232       | $106,094      
|                                          | Adjustments to reconcile Net Income to net cash
			 provided by operations: |                       |                |               
|                                          |                                                                             | Accounts receivable   | (238,980)      | (15,784)      
|                                          |                                                                             | Inventory             | (5,604)        | 780           
|                                          |                                                                             | Accounts payable      | (3,955)        | 1,784         
|                                          |                                                                             | Deferred revenue      | 157,636        | (88,583)      
|                                          |                                                                             | Payroll liabilities   | (8,471)        | (2,754)       
|                                          |                                                                             | Patents:Amoritization | 682            | 682           
|Net cash provided by Operating Activities |                                                                             |                       | 73,540         | 2,219         
|INVESTING ACTIVITIES                      |                                                                             |                       |                |               
|                                          | Restricted common stock warrant conversion
			 subscriptions received       |                       | 13,281         | -0-           
|Net cash provided by Investing Activities |                                                                             |                       | 13,281         | -0-           
|                                          | Net cash increase for period                                                |                       | $86,821        | $2,219        
|                                          | Cash at beginning of period                                                 |                       | 19,776         | 16,594        
|Cash at end of period                     |                                                                             |                       | $106,597       | $18,813       





Table Trac, Inc. SELECTED NOTES TO FINANCIAL
		STATEMENTS June 30, 2005

Note 1. Condensed Financial Statements:

The condensed balance sheet as of June 30, 2005, the statement of
		operations and cash flows for the periods ended June 30, 2005 and 2004 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, 2005 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, 2004 audited financial
		statements filed on form 10-KSB. The results of operations for the period ended
		June 30, 2005 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: Nine customers comprised 100% of the
		Company's revenues for the six months ended June 30, 2005.

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 9 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. Predicted revenues from the development efforts in 2004 on new product
		offerings have been realized in 2005.

Results of Operations:

Revenues for the three months ended June 30 increased to $453,893 in
		2005 from $48,283 in 2004. New system installations in the second quarter
		accounted for the increase in revenues. Cost of sales for the three months
		ended June 30 increased in 2005 to $118,108 from $5,989 in 2004 as a result of
		new systems installations in 2005. Operating expenses for the three months
		ended June 30 increased in 2005, to $197,161 from $109,891 in 2004. The major
		changes were increased travel, payroll and employee benefits in 2005 compared
		to 2004. The result was that there was net income of $138,624 for the three
		months ended June 30, 2005 compared to a net loss of $67,946 for the three
		months ended June 30, 2004. The basic earnings per share was $0.036 for the
		three months ended June 30, 2005, compared to $(0.018) for the three months
		ended June 30, 2004.

Revenues for the six months ended June 30 increased to $619,638 in 2005
		from $322,540 in 2004. Three system installations accounted for the majority of
		the increase along with increased license and maintenance fees. Cost of sales
		for the six months ended June 30 increased in 2005 to $135,843 from $24,735 in
		2004 as a result of manufacturing hardware for systems installations. Operating
		expenses in the six months ended June 30 increased in 2005, to $311,563 from
		$191,343. The major changes were increased payroll, employee benefits and sales
		expenses in 2005 compared to 2004. The result was net income of $172,232 for
		the six months ended June 30, 2005 compared to a net income of $106,094 for the
		six months ended June 30, 2004. The basic earnings per share was $0.045 for the
		first six months ended June 30, 2005, compared to $(0.028) for the six months
		ended June 30, 2004.

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 16, 2005By: /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 16, 2005                                         
|--------------------------------------------------------------
|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 16, 2005                                         
|--------------------------------------------------------------
|Signed: /s/Chad Hoehne                                        
|Name Chad Hoehne                                              
|Title: Chief Executive Officer and principal financial officer