PART I - FINANCIAL INFORMATION Item 1. FINANCIAL STATEMENTS TRANSACT TECHNOLOGIES INCORPORATED CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (USD $)	Sep. 30, 2012	Dec. 31, 2011
Current assets:
Cash and cash equivalents	$ 8,577,000	$ 6,863,000
Accounts receivable, net	9,814,000	9,583,000
Inventories	10,608,000	14,151,000
Prepaid income taxes	447,000	446,000
Deferred tax assets	1,636,000	1,636,000
Other current assets	750,000	375,000
Total current assets	31,832,000	33,054,000
Fixed assets, net	3,207,000	3,358,000
Goodwill	2,621,000	2,518,000
Deferred tax assets	882,000	890,000
Intangible assets, net of accumulated amortization of $1,168 and $730, respectively	2,445,000	2,861,000
Other assets	114,000	59,000
	9,269,000	9,686,000
Total assets	41,101,000	42,740,000
Current liabilities:
Accounts payable	3,928,000	3,019,000
Accrued liabilities	3,267,000	2,672,000
Deferred revenue	183,000	141,000
Total current liabilities	7,378,000	5,832,000
Deferred revenue, net of current portion	176,000	224,000
Deferred rent, net of current portion	322,000	357,000
Accrued contingent consideration (Note 2)	680,000	680,000
Other liabilities	317,000	334,000
	1,495,000	1,595,000
Total liabilities	8,873,000	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; 8,759,236 and 9,390,262 shares outstanding, respectively	109,000	108,000
Additional paid-in capital	25,780,000	25,058,000
Retained earnings	23,352,000	21,613,000
Accumulated other comprehensive loss, net of tax	(55,000)	(71,000)
Treasury stock, at cost, 2,132,341 and 1,461,693 shares, respectively	(16,958,000)	(11,395,000)
Total shareholders’ equity	32,228,000	35,313,000
Total liabilities and shareholders’ equity	$ 41,101,000	$ 42,740,000