Table Trac Q3 2024: Revenue Up, Net Income Positive
Ticker: TBTC · Form: 10-Q · Filed: Nov 14, 2024 · CIK: 1090396
| Field | Detail |
|---|---|
| Company | Table Trac Inc (TBTC) |
| Form Type | 10-Q |
| Filed Date | Nov 14, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $250,000, $1,485,622 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
TL;DR
Table Trac Q3 2024: $1.48M Revenue, $121K Net Income. Assets $4.7M, Liabilities $121K.
AI Summary
Table Trac Inc. filed its Q3 2024 10-Q report on November 14, 2024, for the period ending September 30, 2024. The company reported total assets of $4,756,734 and total liabilities of $121,166 for the nine months ended September 30, 2024. Revenue for the nine months was $1,485,622, with a net income of $121,869.
Why It Matters
This filing provides insight into Table Trac's financial performance and operational health for the third quarter of 2024, which can influence investor decisions.
Risk Assessment
Risk Level: low — The filing is a standard quarterly report with no immediately apparent significant negative financial events or disclosures.
Key Numbers
- $4.76M — Total Assets (As of September 30, 2024)
- $0.12M — Total Liabilities (As of September 30, 2024)
- $1.49M — Revenue (9 months) (For the period ended September 30, 2024)
- $0.12M — Net Income (9 months) (For the period ended September 30, 2024)
Key Players & Entities
- Table Trac Inc. (company) — Filer of the 10-Q report
- 20240930 (date) — End of the reporting period
- 20241114 (date) — Filing date of the report
- $4,756,734 (dollar_amount) — Total assets as of September 30, 2024
- $121,166 (dollar_amount) — Total liabilities as of September 30, 2024
- $1,485,622 (dollar_amount) — Revenue for the nine months ended September 30, 2024
- $121,869 (dollar_amount) — Net income for the nine months ended September 30, 2024
FAQ
What was Table Trac Inc.'s total revenue for the nine months ended September 30, 2024?
Table Trac Inc.'s total revenue for the nine months ended September 30, 2024, was $1,485,622.
What were the total assets of Table Trac Inc. as of September 30, 2024?
As of September 30, 2024, Table Trac Inc.'s total assets were $4,756,734.
What was the net income for Table Trac Inc. for the nine months ended September 30, 2024?
The net income for Table Trac Inc. for the nine months ended September 30, 2024, was $121,869.
When was this 10-Q filing submitted to the SEC?
This 10-Q filing was submitted to the SEC on November 14, 2024.
What is the fiscal year end for Table Trac Inc.?
The fiscal year end for Table Trac Inc. is December 31.
Filing Stats: 4,420 words · 18 min read · ~15 pages · Grade level 13.2 · Accepted 2024-11-14 12:28:06
Key Financial Figures
- $250,000 — osit Insurance Corporation (FDIC) up to $250,000 . At times throughout the year, the Com
- $1,485,622 — customer deposits were $ 3,392,281 and $1,485,622, respectively. The collectability ass
Filing Documents
- tbltrc20240930c_10q.htm (10-Q) — 901KB
- ex_719003.htm (EX-31.1) — 12KB
- ex_719004.htm (EX-31.2) — 12KB
- ex_719005.htm (EX-32) — 6KB
- tabletraclogo2.jpg (GRAPHIC) — 5KB
- 0001437749-24-035172.txt ( ) — 4955KB
- tbtc-20240930.xsd (EX-101.SCH) — 39KB
- tbtc-20240930_cal.xml (EX-101.CAL) — 37KB
- tbtc-20240930_def.xml (EX-101.DEF) — 275KB
- tbtc-20240930_lab.xml (EX-101.LAB) — 270KB
- tbtc-20240930_pre.xml (EX-101.PRE) — 302KB
- tbltrc20240930c_10q_htm.xml (XML) — 813KB
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements 1
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 12
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 15
Controls and Procedures
Item 4. Controls and Procedures 15
OTHER INFORMATION
PART II. OTHER INFORMATION
Risk Factors
Item 1A. Risk Factors 16
Other Information
Item 5. Other Information
Exhibits
Item 6. Exhibits 17
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements TABLE TRAC, INC. CONTENTS Page CONDENSED FINANCIAL STATEMENTS (Unaudited) Condensed Balance Sheets 2 Condensed Statements of Operations 3 Condensed Statements of Stockholders' Equity 4 Condensed Statements of Cash Flows 5 Notes to Condensed Financial Statements 6 1 TABLE TRAC, INC. CONDENSED BALANCE SHEETS (Unaudited) September 30, December 31, 2024 2023 ASSETS CURRENT ASSETS Cash and cash equivalents $ 2,007,323 $ 3,489,771 Short-term investments 4,573,853 1,502,805 Accounts receivable, net 1,866,107 2,109,193 Inventory, net 2,255,003 2,904,158 Prepaid expenses 437,762 364,886 Net investment in sales type leases - current 74,732 64,310 TOTAL CURRENT ASSETS 11,214,780 10,435,123 LONG-TERM ASSETS Accounts receivable - long-term 1,267,704 891,351 Property and equipment, net 108,941 38,357 Net investment in sales type leases - long term 63,975 113,621 Software development costs, net 14,189 16,691 Operating lease right-of-use assets 501,906 243,171 TOTAL LONG-TERM ASSETS 1,956,715 1,303,191 TOTAL ASSETS $ 13,171,495 $ 11,738,314 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES Accounts payable and accrued expenses $ 287,688 $ 305,664 Customer deposits 942,556 785,805 Current portion of operating lease liabilities 42,042 114,294 Income tax payable 49,444 165,226 TOTAL CURRENT LIABILITIES 1,321,730 1,370,989 LONG-TERM LIABILITIES Operating lease liabilities 462,662 126,760 Deferred tax liability 397,000 341,000 TOTAL LIABILITIES 2,181,392 1,838,749 STOCKHOLDERS' EQUITY Common stock, $ 0.001 par value; 25,000,000 shares authorized: 4,756,734 shares issued; and 4,635,568 and 4,634,865 shares outstanding at September 30, 2024 and December 31, 2023, respectively. 4,636 4,635 Additional paid-in capital 2,418,333 2,346,483 Retained earnings 8,789,569 7,771,655 11,212,538 10,122,773 Treasury stock, 121,166 and 121,869 s