OTC: TBTC
TABLE TRAC INCCIK 0001090396 · SIC 7990 · Miscellaneous Amusement & Recreation
Table Trac, Inc. (the “Company”, “Table Trac”, "we" or "our") is a Nevada corporation, formed on June 27, 1995, with principal offices in Minnetonka, Minnesota. The Company’s corporate website address is www.casinotrac.com. The Company makes available free of charge, on or through the Company’s… About this business →
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Latest financial statements
From 10-Q filed Aug 12, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Statements of Operations (Unaudited)
| Description | Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|---|---|
| Revenues | 4,244,884 | 2,338,845 | 8,159,223 | 5,874,778 |
| Cost of sales | 1,283,647 | 579,301 | 2,536,931 | 1,511,624 |
| Gross profit | 2,961,237 | 1,759,544 | 5,622,292 | 4,363,154 |
| Operating expenses: | ||||
| Selling, general and administrative | 1,767,380 | 1,703,128 | 3,267,927 | 3,364,111 |
| Income from operations | 1,193,857 | 56,416 | 2,354,365 | 999,043 |
| Other income | 718 | 1,224 | 718 | 6,726 |
| Interest income | 99,361 | 125,572 | 196,342 | 243,252 |
| Income before taxes | 1,293,936 | 183,212 | 2,551,425 | 1,249,021 |
| Income tax expense | 289,000 | 38,430 | 575,000 | 322,000 |
| Net income | 1,004,936 | 144,782 | 1,976,425 | 927,021 |
| Net income per share basic | 0.22 | 0.03 | 0.43 | 0.20 |
| Net income per share diluted | 0.21 | 0.03 | 0.42 | 0.20 |
| Weighted-average shares outstanding basic | 4,625,387 | 4,600,023 | 4,614,404 | 4,588,355 |
| Weighted-average shares outstanding diluted | 4,681,571 | 4,660,492 | 4,666,696 | 4,641,787 |
Condensed Balance Sheets
| Description | June 30, 2026 | December 31, 2025 |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | 8,152,589 | 8,235,788 |
| Accounts receivable, net | 3,045,574 | 2,762,748 |
| Inventory, net | 881,610 | 1,615,469 |
| Prepaid expenses | 1,899,095 | 437,254 |
| Net investment in sales type leases current | 58,058 | 54,806 |
| Income tax receivable | 0 | 168,164 |
| TOTAL CURRENT ASSETS | 14,036,926 | 13,274,229 |
| LONG-TERM ASSETS | ||
| Accounts receivable long-term | 1,712,927 | 421,883 |
| Property and equipment, net | 144,221 | 142,749 |
| Net investment in sales type leases long term | 27,293 | 53,842 |
| Software development costs, net | 64,142 | 72,008 |
| Operating lease right-of-use assets | 336,087 | 401,283 |
| TOTAL LONG-TERM ASSETS | 2,284,670 | 1,091,765 |
| TOTAL ASSETS | 16,321,596 | 14,365,994 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| CURRENT LIABILITIES | ||
| Accounts payable and accrued expenses | 667,118 | 273,845 |
| Customer deposits | 39,303 | 113,751 |
| Current portion of operating lease liabilities | 78,361 | 105,538 |
| Income tax payable | 62,836 | 0 |
| TOTAL CURRENT LIABILITIES | 847,618 | 493,134 |
| LONG-TERM LIABILITIES | ||
| Operating lease liabilities | 332,358 | 367,396 |
| Deferred tax liability | 935,000 | 661,000 |
| TOTAL LIABILITIES | 2,114,976 | 1,521,530 |
| STOCKHOLDERS’ EQUITY | ||
| Common stock, $0.001 par value; 25,000,000 shares authorized: 4,756,734 shares issued; and 4,642,887 and 4,641,523 shares outstanding at June 30, 2026 and December 31, 2025, respectively. | 4,643 | 4,642 |
| Additional paid-in capital | 2,625,852 | 2,591,755 |
| Retained earnings | 11,790,967 | 10,464,410 |
| STOCKHOLDERS' EQUITY BEFORE TREASURY STOCK | 14,421,462 | 13,060,807 |
| Treasury stock, 113,847 and 115,211 shares (at cost) at June 30, 2026 and December 31, 2025, respectively. | (214,842) | (216,343) |
| TOTAL STOCKHOLDERS’ EQUITY | 14,206,620 | 12,844,464 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | 16,321,596 | 14,365,994 |
Condensed Statements of Cash Flows (Unaudited)
| Description | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net income | 1,976,425 | 927,021 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 30,174 | 20,466 |
| Deferred income taxes | 274,000 | 15,000 |
| Provision of credit losses | 77,010 | (12,236) |
| Stock compensation expense | 30,538 | 38,954 |
| Accrued interest on short-term investments | 0 | (63,695) |
| Noncash operating lease expense, net | 2,981 | 8,042 |
| Gain on sale of equipment | (300) | 0 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (1,650,880) | 349,225 |
| Inventory | 733,859 | 406,242 |
| Prepaid expenses | (1,461,841) | 102,264 |
| Net investment in sales type leases | 23,297 | (15,585) |
| Accounts payable, accrued expenses | 398,334 | 58,236 |
| Customer deposits | (74,448) | (700,206) |
| Income tax receivable and payable | 231,000 | 78,492 |
| Net cash provided by operating activities | 590,149 | 1,212,220 |
| INVESTING ACTIVITIES | ||
| Capital expenditures | (23,780) | 0 |
| Proceeds from sale of equipment | 300 | 0 |
| Proceeds from short-term investments | 0 | 2,570,085 |
| Net cash provided by (used in) investing activities | (23,480) | 2,570,085 |
| FINANCING ACTIVITIES | ||
| Payment of dividends | (649,868) | (185,579) |
| Net cash used in financing activities | (649,868) | (185,579) |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (83,199) | 3,596,726 |
| CASH AND CASH EQUIVALENTS | ||
| Beginning of period | 8,235,788 | 2,257,696 |
| End of period | 8,152,589 | 5,854,422 |
| Non-cash investing and financing activities: | ||
| Common stock issued out of treasury stock for settlement of accrued liabilities | 5,061 | 13,960 |
| Supplemental cash flow information: | ||
| Cash paid for income taxes | 70,000 | 228,508 |
Amounts as printed on the EDGAR/iXBRL face. Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗
About TABLE TRAC INC
Source: Item 1 (Business) from the 10-K filed March 24, 2026. Description as filed by the company with the SEC.
Item 1. Business.
GENERAL
Table Trac, Inc. (the “Company”, “Table Trac”, "we" or "our") is a Nevada corporation, formed on June 27, 1995, with principal offices in Minnetonka, Minnesota. The Company’s corporate website address is www.casinotrac.com. The Company makes available free of charge, on or through the Company’s website https://www.casinotrac.com/investors/, its annual report on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K, and amendments to those reports, as soon as reasonably practicable after they are electronically filed with or furnished to the Securities and Exchange Commission.
The Company has developed and patented a proprietary information and management system (called our “Table Trac” system) that automates and monitors the operations of casino table game operations. In addition to its table games management system, Table Trac has developed a highly secure, unified, and stable Casino Management System (“CMS”) offering end-to-end casino resort functionality for guest rewards and loyalty marketing operations, marketing analysis, guest service, promotions, administration / management, vault / cage management and audit / accounting tasks, altogether a powerful, elegant technology ecosystem of value, efficiency and reliability for casinos seeking to add or upgrade their casino management systems.
The Company sells and leases systems and technical support to casinos. The open architecture of CasinoTrac is designed to provide operators with a secure, scalable, and flexible system that can interconnect and operate with most third-party software or hardware. Key products and services include modules designed to drive player tracking programs and kiosk promotions, as well as vault and cage controls. The Company’s systems are designed to meet strict auditing, accounting and regulatory requirements applicable to the gaming industry. The Company has developed a patented, real-time system that automates and monitors the operations of casino gaming tables. The Company continues to increase its market share by expanding its product offerings to include new system features, and ancillary products.
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TABLE TRAC INSTALLATIONS
Table Trac currently has casino management systems, table games management systems, DataTrac, KioskTrac, KioskTrac Mobile, SlotSUITE, RePrintEnroll kiosks installed with on-going support and maintenance contracts with over 115 casino operators in over 300 casinos in the U.S., Australia, Caribbean, Central and South America.
AVAILABILITY OF TABLE TRAC
Table Trac systems are available for purchase from the Company by any legal gambling casino in the U.S. and legal casinos operating outside the USA. Table Trac’s systems are purchased, installed and sold with a monthly license and maintenance contract whereby Table Trac performs required maintenance on its systems to assure trouble-free operations.
MANUFACTURING CAPABILITIES
The Company designs and manufactures its own slot machine gaming machine interface boards using the services of third-party electronics assembly firms. The Company has relationships with a host of third-party electronic and gaming equipment manufacturers that can be readily available for hire, as needed. The Company believes it has an adequate supply of component parts and raw materials used in manufacturing its casino management systems.
TRADEMARKS AND PATENTS
The Company has a registered trademark (“TABLE TRAC”), which was originally issued on September 7, 2000.
In September 1999, Table Trac, Inc. was granted its first patent (U.S. Patent No. 5,957,776) based on patent application No. 08/689351 filed in August 1996. The patent relates to a proprietary information and management system designed to automate and monitor casino table game operations (the “Table Trac” system)
In August of 2022 and September of 2020, the Company was granted Patents (U.S. patent #11,417,169) on its April 2017 application 16/984755 “SYSTEMS AND METHODS OF FACILITATING INTERACTIONS BETWEEN AN ELECTRONIC GAMING MACHINE, GAME PLAYER, AND A CONTROL SYSTEM” and (U.S. patent #10,769,885 B2) on its April 2017 application 15/946,227 “SYSTEMS AND METHODS OF FACILITATING INTERACTIONS BETWEEN AN ELECTRONIC GAMING MACHINE, GAME PLAYER, AND A CONTROL SYSTEM”.
In June of 2021, the Company was granted a Patent (U.S. patent #11,024,116) on its May 2020 application 16/884731 “DYNAMIC AUTOMATED SOCIAL DISTANCING ON ELECTRONIC GAMING MACHINES”.
The Company has no issued foreign patents and has not applied for patents in foreign jurisdictions.
In addition, the Company renewed its Trademark claim for “Table Trac” which was granted July 31, 2018, Reg. No. 5,529,779 and made a new Trademark claim on its “CasinoTrac” brand which was registered on July 23, 2019
HUMAN CAPITAL
As of December 31, 2025, the Company had 32 full-time equivalents with an employee headcount of 32.
COMPETITION
There is intense competition in the gaming management and gaming products industry which is characterized by dynamic customer demand and rapid technological advances. Today, there are many systems providers in the U.S. and abroad offering casinos and gaming operators “total solution” casino management and table games management systems. As a result, the Company must continually adapt its approach and its products to meet this demand and match technological advances and, if it cannot do so, the Company’s business, results of operations or financial condition may be adversely impacted.
GOVERNMENT REGULATIONS
The gaming and lottery industries are generally subject to extensive and evolving regulation that customarily includes some form of licensing or regulatory screening of suppliers, manufacturers and distributors and their applicable affiliates, their major shareholders, officers, directors and key employees. In addition, certain of our gaming products and technologies must be certified or approved in certain jurisdictions in which we operate. Regulators review many facets of an applicant or holder of a license, including its financial stability, integrity and business experience. Any failure to receive a license or the loss of a license that we currently hold could have a material adverse effect on us or on our results of operations, cash flow or financial condition.
While we believe that we are in compliance with all material gaming and lottery laws and regulatory requirements applicable to us, we cannot assure that our activities or the activities of our customers will not become the subject of any regulatory or law enforcement proceeding or that any such proceeding would not have a material adverse impact on us or our results of operations, cash flow or financial condition.
RECENT DEVELOPMENTS
The Company installed CasinoTrac at eight new customer in 2025 expanding the Company’s presence in Nevada, New Mexico, Washington, the Caribbean and Panama. At the end of 2025, the Company had casino management systems, table games management systems and ancillary products installed with on-going support and maintenance contracts with 115 casino operators in over 300 casinos.
During 2025, the Company participated in several key industry trade shows and conferences, including, the Indian Gaming Association Trade Show and Conference, the Oklahoma Indian Gaming Association Trade Show and Conference, and Global Gaming Expo (G2E), the industry’s premier event. The Company holds licenses for the following states: California, Iowa, Kansas, Louisiana, Maryland, Minnesota, Mississippi, Nevada, West Virginia and Wisconsin, which will allow the Company to pursue sales in these territories.
On January 1, 2026, Randy Gilbert was appointed Chief Executive Officer of the Company. Mr. Gilbert will continue to serve as the Company’s Chief Financial Officer.
In February 2020, the Company obtained a $500,000 line of credit with a lender. The Company has renewed this line of credit through February 2027.
Available Information
The SEC maintains a website that contains reports, proxy statements and other information that the Company files electronically with the SEC. These materials may be obtained electronically by accessing the SEC’s website at www.sec.gov.