PART I - FINANCIAL INFORMATION Item 1. FINANCIAL STATEMENTS TRANSACT TECHNOLOGIES INCORPORATED CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (USD $)	Jun. 30, 2012	Dec. 31, 2011
Current assets:
Cash and cash equivalents	$ 7,212,000	$ 6,863,000
Accounts receivable, net	11,658,000	9,583,000
Inventories	11,505,000	14,151,000
Prepaid income taxes	303,000	446,000
Deferred tax assets	1,636,000	1,636,000
Other current assets	512,000	375,000
Total current assets	32,826,000	33,054,000
Fixed assets, net	3,155,000	3,358,000
Goodwill	2,621,000	2,518,000
Deferred tax assets	889,000	890,000
Intangible assets, net of accumulated amortization of $1,025 and $730, respectively	2,575,000	2,861,000
Other assets	123,000	59,000
	9,363,000	9,686,000
Total assets	42,189,000	42,740,000
Current liabilities:
Accounts payable	4,872,000	3,019,000
Accrued liabilities	2,859,000	2,672,000
Deferred revenue	461,000	141,000
Total current liabilities	8,192,000	5,832,000
Deferred revenue, net of current portion	183,000	224,000
Deferred rent, net of current portion	335,000	357,000
Accrued contingent consideration (Note 2)	680,000	680,000
Other liabilities	313,000	334,000
	1,511,000	1,595,000
Total liabilities	9,703,000	7,427,000
Shareholders’ equity:
Common stock, $0.01 par value, 20,000,000 shares authorized; 10,891,577 and 10,851,955 shares issued, respectively; 8,813,519 and 9,390,262 shares outstanding, respectively	109,000	108,000
Additional paid-in capital	25,662,000	25,058,000
Retained earnings	23,329,000	21,613,000
Accumulated other comprehensive loss, net of tax	(68,000)	(71,000)
Treasury stock, at cost, 2,078,058 and 1,461,693 shares, respectively	(16,546,000)	(11,395,000)
Total shareholders’ equity	32,486,000	35,313,000
Total liabilities and shareholders’ equity	$ 42,189,000	$ 42,740,000