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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K/A
Amendment No. 1
☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2021
--12-31FY2021
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 No. 001-32987
TABLE TRAC, INC.
(Exact name of registrant as specified in its charter)
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Nevada
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88-0336568
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(State or other jurisdiction of
Incorporation or Organization)
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(IRS Employer
Identification No.)
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6101 Baker Road, Suite 206, Minnetonka, Minnesota
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55345
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(Address of principal executive office)
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(Zip Code)
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Registrant’s telephone number, including area code: (952) 548-8877
Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading Symbol(s)
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Name of each exchange on which register
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N/A
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N/A
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N/A
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Securities registered pursuant to Section 12(g) of the Act:
Common Stock, par value $0.001
(Title of Class)
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐ No ☒
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☒
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 ☒ No ☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
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Large accelerated filer
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☐
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Accelerated filer
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☐
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Non-accelerated filer
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☒
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Smaller reporting company
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☒
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Emerging growth company
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☐
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). ☐ Yes ☒ No
The aggregate market value of the registrant’s common stock held by non-affiliates as of June 30, 2021 was approximately $11.6 million based on the average bid and asked price of the registrant’s common stock on that date ($3.75 per share). As of March 28, 2022, the registrant had outstanding 4,521,988 shares of common stock, $.001 par value per share.
DOCUMENTS INCORPORATED IN PART BY REFERENCE
None.
EXPLANATORY NOTE
Table Trac, Inc. (the “Company”) is filing this Amendment No. 1 on Form 10-K/A (“Amendment”) to amend its Annual Report on Form 10-K for the year ended December 31, 2021 (the “Form 10-K”), which was originally filed with the Securities and Exchange Commission on March 28, 2022. The purpose of this Amendment is to correct the previously filed Exhibit 23.1, Consent of Boulay PLLP, which inadvertently referenced the auditor’s reports for the years ended December 31, 2020 and 2019 and which has now been corrected to reference the auditor’s report for the year ended December 31, 2021.
This Amendment speaks as of the original filing date and does not reflect events occurring after the filing of the Form 10-K or modify or update disclosures that may be affected by subsequent events. No revisions are being made to the Company’s financial statements or any other disclosure contained in the Form 10-K.
In addition, as required by Rule 12b-15 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), new certifications by the Company’s principal executive officer and principal financial officer are filed herewith as exhibits to this Amendment pursuant to Rule 13a-14(a) or 15d-14(a) of the Exchange Act. Because no financial statements have been included in this Amendment and this Amendment does not contain or amend any disclosure with respect to Items 307 and 308 of Regulation S-K, paragraphs 3, 4, and 5 of the certifications have been omitted..
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Auditor Name - Boulay PLLP
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Auditor Firm Id – PCAOB ID 542
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Auditor Location - Minneapolis, Minnesota
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PART I V
Item 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES.
FINANCIAL STATEMENTS
The Financial Statements and the Report of the Independent Registered Public Accounting Firm are included at Part II, Item 8 of the Form 10-K.
EXHIBITS
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Description |
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3.1
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3.2
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3.3
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3.4
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4.1
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10.1
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10.2
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10.3
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10.4
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10.5
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23.1
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31.1
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31.2
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32
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101.INS
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Inline XBRL Instance Document (filed with Form 10-K)
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101.SCH
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Inline XBRL Taxonomy Extension Schema Document (filed with Form 10-K)
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101.CAL
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Inline XBRL Taxonomy Extension Calculation Linkbase Document (filed with Form 10-K)
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101.LAB
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Inline XBRL Taxonomy Extension Label Linkbase Document (filed with Form 10-K)
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101.PRE
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Inline XBRL Taxonomy Extension Presentation Linkbase Document (filed with Form 10-K)
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101.DEF
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Inline XBRL Taxonomy Extension Definition Linkbase Document (filed with Form 10-K)
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104
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Cover Page Interactive Data File (embedded within the Inline XBRL and contained in Exhibit 101)
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SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Dated: March 30, 2022
TABLE TRAC, INC.
/s/ Chad Hoehne
Chad Hoehne, Chief Executive Officer
(Principal Executive Officer)
Exhibit 31.1
CERTIFICATION PURSUANT TO
SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002
I, Chad Hoehne, certify that:
1. I have reviewed this Amendment No. 1 to the Annual Report on Form 10-K of Table Trac, Inc., and
2. Based on my knowledge, this 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 report.
Date: March 30, 2022
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/s/ Chad Hoehne
Chad Hoehne
Chief Executive Officer
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Exhibit 31.2
CERTIFICATION PURSUANT TO
SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002
I, Randy Gilbert, certify that:
1. I have reviewed this Amendment No. 1 to the Annual Report on Form 10-K of Table Trac, Inc., and
2. Based on my knowledge, this 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 report.
Date: March 30, 2022
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/s/ Randy Gilbert
Randy Gilbert
Chief Financial Officer
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