The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
A T & T COM 00206R102 530 15,085 SH   SOLE   15,085 0 0
Abbott Laboratories COM 002824100 382 9,975 SH   SOLE   9,975 0 0
Abbvie Inc. COM 00287Y109 504 9,550 SH   SOLE   9,550 0 0
Aceto Corporation COM 004446100 10,277 410,919 SH   SOLE   410,919 0 0
Acorn Energy Inc COM 004848107 753 185,000 SH   SOLE   185,000 0 0
Addus Homecare Corporation COM 006739106 6,146 273,744 SH   SOLE   273,744 0 0
ADDvantage Technologies Group COM NEW 006743306 782 290,850 SH   SOLE   290,850 0 0
AeroCentury Corp. COM 007737109 613 35,700 SH   SOLE   35,700 0 0
Allied Healthcare Products, Inc COM 019222108 1,322 579,982 SH   SOLE   579,982 0 0
Allied Motion Technologies, Inc COM 019330109 1,364 109,550 SH   SOLE   109,550 0 0
American Eagle Energy Corp COM 02554F102 719 350,500 SH   SOLE   350,500 0 0
American Software, Inc. CL A 029683109 5,542 561,550 SH   SOLE   561,550 0 0
Ameriprise Financial, Inc COM 03076C106 529 4,598 SH   SOLE   4,598 0 0
Amgen COM 031162100 569 4,992 SH   SOLE   4,992 0 0
Amrep Corp COM 032159105 422 60,341 SH   SOLE   60,341 0 0
Anika Therapeutics, Inc. COM 035255108 10,399 272,500 SH   SOLE   272,500 0 0
ARI Network Services Inc COM 001930205 775 238,489 SH   SOLE   238,489 0 0
Asure Software, Inc. COM 04649U102 239 42,610 SH   SOLE   42,610 0 0
Atlas Financial Holdings, Inc SHS NEW G06207115 7,969 541,350 SH   SOLE   541,350 0 0
AXT Inc COM 00246W103 5,112 1,958,634 SH   SOLE   1,958,634 0 0
Ballantyne of Omaha Inc COM 058516105 835 180,335 SH   SOLE   180,335 0 0
Bank of Commerce Holdings COM 06424J103 514 90,000 SH   SOLE   90,000 0 0
Barrett Business Services, Inc COM 068463108 10,007 107,900 SH   SOLE   107,900 0 0
Bed Bath & Beyond Inc. COM 075896100 537 6,690 SH   SOLE   6,690 0 0
Big 5 Sporting Goods COM 08915P101 1,819 91,800 SH   SOLE   91,800 0 0
BioScrip Inc COM 09069N108 2,207 298,300 SH   SOLE   298,300 0 0
Birner Dental Management COM NEW 091283200 750 43,000 SH   SOLE   43,000 0 0
BSquare Corporation COM NEW 11776U300 821 229,425 SH   SOLE   229,425 0 0
Cafepress Inc. COM 12769A103 3,745 591,582 SH   SOLE   591,582 0 0
Cal Dive International Inc. COM 12802T101 5,915 2,942,596 SH   SOLE   2,942,596 0 0
Cascade Microtech Inc COM 147322101 246 26,410 SH   SOLE   26,410 0 0
CECO Environmental Corp COM 125141101 649 40,175 SH   SOLE   40,175 0 0
Century Casinos, Inc. COM 156492100 7,101 1,362,873 SH   SOLE   1,362,873 0 0
Ceragon Networks Ltd. ORD M22013102 2,493 839,400 SH   SOLE   839,400 0 0
Cherokee Inc. COM 16444H102 727 52,660 SH   SOLE   52,660 0 0
Chevron Texaco COM 166764100 240 1,920 SH   SOLE   1,920 0 0
China Gerui Advanced Materials SHS G21101103 1,020 816,000 SH   SOLE   816,000 0 0
Christopher and Banks Corp COM 171046105 5,124 600,000 SH   SOLE   600,000 0 0
Cimatron LTD ORD M23798107 1,084 120,000 SH   SOLE   120,000 0 0
Cisco Systems, Inc. COM 17275R102 214 9,530 SH   SOLE   9,530 0 0
Colgate-Palmolive COM 194162103 534 8,184 SH   SOLE   8,184 0 0
Columbia Labs COM NEW 197779200 374 56,550 SH   SOLE   56,550 0 0
Comfort Systems USA, Inc. COM 199908104 2,600 134,100 SH   SOLE   134,100 0 0
ConAgra Foods, Inc. COM 205887102 468 13,890 SH   SOLE   13,890 0 0
Concurrent Computer Corp COM PAR $.01 206710402 980 120,000 SH   SOLE   120,000 0 0
Core Molding Technologies, Inc COM 218683100 4,091 298,625 SH   SOLE   298,625 0 0
Courier Corporation COM 222660102 3,618 200,000 SH   SOLE   200,000 0 0
Covenant Transportation Group CL A 22284P105 3,629 442,000 SH   SOLE   442,000 0 0
Cowen Group Inc CL A 223622101 2,427 620,802 SH   SOLE   620,802 0 0
CPI Aerostructures, Inc. COM NEW 125919308 5,908 392,832 SH   SOLE   392,832 0 0
CR Bard Inc. COM 067383109 587 4,385 SH   SOLE   4,385 0 0
Crown Crafts Inc COM 228309100 601 77,300 SH   SOLE   77,300 0 0
Cryolife Inc COM 228903100 1,885 169,940 SH   SOLE   169,940 0 0
CSX Corporation COM 126408103 725 25,200 SH   SOLE   25,200 0 0
CTI Industries Corporation COM NEW 125961300 885 151,500 SH   SOLE   151,500 0 0
Cumberland Pharmaceutical Inc COM 230770109 569 111,350 SH   SOLE   111,350 0 0
CyberOptics Corporation COM 232517102 2,971 464,969 SH   SOLE   464,969 0 0
Datalink Corp. COM 237934104 4,580 420,200 SH   SOLE   420,200 0 0
Delta Apparel Inc. COM 247368103 3,220 189,650 SH   SOLE   189,650 0 0
DHT Holdings, Inc. SHS NEW Y2065G121 410 60,000 SH   SOLE   60,000 0 0
Dice Holdings Inc COM 253017107 2,537 350,000 SH   SOLE   350,000 0 0
Digital Cinema Destinations Co CL A COM 25383B109 801 137,000 SH   SOLE   137,000 0 0
Dot Hill Systems Inc. COM 25848T109 768 227,900 SH   SOLE   227,900 0 0
Douglas Dynamics, Inc. COM 25960R105 1,850 110,000 SH   SOLE   110,000 0 0
eBay Inc COM 278642103 796 14,505 SH   SOLE   14,505 0 0
Edgewater Technology COM 280358102 752 107,526 SH   SOLE   107,526 0 0
Emagin COM NEW 29076N206 580 204,900 SH   SOLE   204,900 0 0
EMC Insurance Group COM 268664109 390 12,723 SH   SOLE   12,723 0 0
Emerson Electric COM NEW 291011104 296 4,220 SH   SOLE   4,220 0 0
Emerson Radio Corp. COM 291087203 493 259,500 SH   SOLE   259,500 0 0
Endeavour Silver Corp. COM 29258Y103 544 150,000 SH   SOLE   150,000 0 0
Enterprise Products Partners COM 293792107 477 7,200 SH   SOLE   7,200 0 0
Epiq Systmes COM 26882D109 5,257 325,120 SH   SOLE   325,120 0 0
Euroseas, Ltd. COM NEW Y23592200 560 386,000 SH   SOLE   386,000 0 0
Evolving Systems, Inc. COM 30049R209 1,411 144,900 SH   SOLE   144,900 0 0
Exactech COM 30064E109 4,324 182,000 SH   SOLE   182,000 0 0
Exxon Mobil Corporation COM 30231G102 1,010 9,979 SH   SOLE   9,979 0 0
Federal Signal Corp COM 313855108 3,662 250,000 SH   SOLE   250,000 0 0
Fedex Corporation COM 31428X106 714 4,965 SH   SOLE   4,965 0 0
First Internet Bancorp COM 320557101 945 42,000 SH   SOLE   42,000 0 0
Five Star Quality Care Inc. COM 33832D106 2,745 500,000 SH   SOLE   500,000 0 0
Flexible Solutions International COM 33938T104 518 540,001 SH   SOLE   540,001 0 0
Flexsteel Industries, Inc. COM 339382103 6,424 209,040 SH   SOLE   209,040 0 0
Fluor Corporation COM 343412102 583 7,255 SH   SOLE   7,255 0 0
Foster L.B. COM 350060109 4,227 89,390 SH   SOLE   89,390 0 0
Friedman Industries COM 358435105 680 80,000 SH   SOLE   80,000 0 0
Full House Resorts Inc. COM 359678109 3,608 1,288,473 SH   SOLE   1,288,473 0 0
Furmanite Corp COM 361086101 5,151 485,000 SH   SOLE   485,000 0 0
G P Strategies Corp COM 36225V104 5,903 198,150 SH   SOLE   198,150 0 0
G Willi-Food International ORD M52523103 1,048 128,000 SH   SOLE   128,000 0 0
Gaming Partners International COM 36467A107 689 84,295 SH   SOLE   84,295 0 0
Gencor Industries Inc COM 368678108 274 28,725 SH   SOLE   28,725 0 0
General Electric COM 369604103 581 20,739 SH   SOLE   20,739 0 0
General Finance Corp. COM 369822101 727 120,500 SH   SOLE   120,500 0 0
General Mills, Inc. COM 370334104 448 8,975 SH   SOLE   8,975 0 0
Global Brass and Copper Hldg COM 37953G103 3,210 193,950 SH   SOLE   193,950 0 0
Global Cash Access Holdings COM 378967103 7,912 792,000 SH   SOLE   792,000 0 0
Global Power Equipment Group COM PAR $0.01 37941P306 4,028 205,850 SH   SOLE   205,850 0 0
Hallador Energy Company COM 40609P105 3,497 433,846 SH   SOLE   433,846 0 0
Hastings Entertainment COM 418365102 94 48,249 SH   SOLE   48,249 0 0
Hill International, Inc COM 431466101 6,940 1,756,950 SH   SOLE   1,756,950 0 0
Home Depot Inc. COM 437076102 379 4,600 SH   SOLE   4,600 0 0
Hooper Holmes Inc COM 439104100 693 1,308,378 SH   SOLE   1,308,378 0 0
Hopfedd Bankcorp, Inc. COM 439734104 911 80,000 SH   SOLE   80,000 0 0
Hudson Technologies Inc COM 444144109 5,640 1,524,200 SH   SOLE   1,524,200 0 0
Illinois Tool Works, Inc. COM 452308109 522 6,209 SH   SOLE   6,209 0 0
Information Services Group COM 45675Y104 617 145,575 SH   SOLE   145,575 0 0
Innodata Isogen Inc COM NEW 457642205 3,175 1,295,898 SH   SOLE   1,295,898 0 0
Insteel Industries Inc COM 45774W108 2,273 100,000 SH   SOLE   100,000 0 0
Integrated Silicon Solutions COM 45812P107 5,195 429,700 SH   SOLE   429,700 0 0
Intel Corp. COM 458140100 371 14,313 SH   SOLE   14,313 0 0
International Business Machine COM 459200101 852 4,540 SH   SOLE   4,540 0 0
International Paper Co COM 460146103 276 5,630 SH   SOLE   5,630 0 0
Intersections, Inc. COM 460981301 2,507 321,850 SH   SOLE   321,850 0 0
InTest Corp. COM 461147100 720 189,525 SH   SOLE   189,525 0 0
Intuit Inc COM 461202103 255 3,345 SH   SOLE   3,345 0 0
IPass Inc. COM 46261V108 4,344 2,767,150 SH   SOLE   2,767,150 0 0
Iteris Inc COM 46564T107 947 451,100 SH   SOLE   451,100 0 0
J P Morgan Chase & Co COM 46625H100 505 8,638 SH   SOLE   8,638 0 0
Johnson & Johnson COM 478160104 554 6,045 SH   SOLE   6,045 0 0
JTH Holding Inc. CL A 46637N103 2,170 89,291 SH   SOLE   89,291 0 0
K M G Chemicals Inc COM 482564101 2,856 169,085 SH   SOLE   169,085 0 0
Kewaunee Scientific Corp COM 492854104 367 23,500 SH   SOLE   23,500 0 0
Kimberly-Clark Corporation COM 494368103 420 4,025 SH   SOLE   4,025 0 0
Kingstone Companies Inc COM 496719105 1,018 140,000 SH   SOLE   140,000 0 0
Kirkland's COM 497498105 4,096 173,050 SH   SOLE   173,050 0 0
Kofax Ltd COM USD G5307C105 744 100,000 SH   SOLE   100,000 0 0
Kratos Defense & Security Sol COM NEW 50077B207 768 100,000 SH   SOLE   100,000 0 0
KVH Industries Inc COM 482738101 2,606 200,000 SH   SOLE   200,000 0 0
Lakeland Industries COM 511795106 686 130,400 SH   SOLE   130,400 0 0
Landec Corporation COM 514766104 5,041 415,900 SH   SOLE   415,900 0 0
Layne Christensen Co. COM 521050104 2,989 175,000 SH   SOLE   175,000 0 0
LGL Group COM 50186A108 275 50,800 SH   SOLE   50,800 0 0
LGL Group Warrants *W EXP 08/06/201 50186A116 0 249,000 SH   SOLE   249,000 0 0
Liberator Medical Hldgs COM 53012L108 5,032 1,206,700 SH   SOLE   1,206,700 0 0
LifeVantage Corp COM 53222K106 2,652 1,607,100 SH   SOLE   1,607,100 0 0
Macys COM 55616P104 668 12,515 SH   SOLE   12,515 0 0
MagicJack VocalTec LTD COM M6787E101 1,786 150,000 SH   SOLE   150,000 0 0
Magnetek Inc COM 559424403 1,007 42,000 SH   SOLE   42,000 0 0
Management Network Group, Inc. COM 561693201 350 127,284 SH   SOLE   127,284 0 0
Manitex COM 563420108 6,326 398,354 SH   SOLE   398,354 0 0
Matrix Service Co. COM 576853105 7,346 300,700 SH   SOLE   300,700 0 0
MCG Diagnostics COM 552768103 889 70,250 SH   SOLE   70,250 0 0
McKesson Corp. COM 58155Q103 774 4,797 SH   SOLE   4,797 0 0
Medical Action Industries Inc. COM 58449L100 3,998 467,065 SH   SOLE   467,065 0 0
Medtronic Inc. COM 585055106 317 5,516 SH   SOLE   5,516 0 0
MFRI, Inc. COM 552721102 6,532 455,220 SH   SOLE   455,220 0 0
MicroFinancial Inc. COM 595072109 855 100,000 SH   SOLE   100,000 0 0
Micronet Enertec Technologies COM 595117102 280 55,000 SH   SOLE   55,000 0 0
Miller Industries COM NEW 600551204 3,937 211,300 SH   SOLE   211,300 0 0
Mitcham Industries, Inc. COM 606501104 3,250 183,500 SH   SOLE   183,500 0 0
Monarch Casino & Resort, Inc. COM 609027107 4,698 233,950 SH   SOLE   233,950 0 0
Monmouth Real Estate Inv COM 609720107 3,565 392,145 SH   SOLE   392,145 0 0
Motorcar Parts of America, Inc COM 620071100 8,026 415,850 SH   SOLE   415,850 0 0
Napco Security Systems Inc COM 630402105 1,510 240,450 SH   SOLE   240,450 0 0
Nevada Gold and Casinos COM NEW 64126Q206 129 94,490 SH   SOLE   94,490 0 0
Newpark Resources Inc. COM PAR $.01 NEW 651718504 5,009 407,600 SH   SOLE   407,600 0 0
Newtek Business Services Inc COM 652526104 1,432 456,109 SH   SOLE   456,109 0 0
Northern Technologies Intl COM 665809109 4,478 241,400 SH   SOLE   241,400 0 0
Northwest Pipe Company COM 667746101 3,191 84,500 SH   SOLE   84,500 0 0
Nucor Corporation COM 670346105 422 7,900 SH   SOLE   7,900 0 0
Omega Protein Corp. COM 68210P107 5,223 425,000 SH   SOLE   425,000 0 0
Omnova Solutions, Inc. COM 682129101 3,782 415,109 SH   SOLE   415,109 0 0
On Track Innovations Ltd. SHS M8791A109 817 250,000 SH   SOLE   250,000 0 0
Oplink Communications Inc COM NEW 68375Q403 4,499 241,902 SH   SOLE   241,902 0 0
Oppenheimer Holdings CL A NON VTG 683797104 5,975 241,140 SH   SOLE   241,140 0 0
Oracle Corporation COM 68389X105 517 13,515 SH   SOLE   13,515 0 0
Orbit International Corp COM NEW 685559304 693 203,764 SH   SOLE   203,764 0 0
Orchids Paper Products COM 68572N104 8,262 251,577 SH   SOLE   251,577 0 0
P H I, Inc. COM NON VOTING 69336T205 6,677 153,850 SH   SOLE   153,850 0 0
Pacific Premier Bank Corp COM 69478X105 1,259 80,000 SH   SOLE   80,000 0 0
Parkervison Inc COM 701354102 188 41,300 SH   SOLE   41,300 0 0
PCM, Inc. COM 69323K100 4,357 424,280 SH   SOLE   424,280 0 0
PCTEL Inc COM 69325Q105 5,113 534,307 SH   SOLE   534,307 0 0
Penford Corporation COM 707051108 4,182 325,429 SH   SOLE   325,429 0 0
Pepsico COM 713448108 656 7,912 SH   SOLE   7,912 0 0
Perma-Fix Environmental Serv COM 714157104 977 314,050 SH   SOLE   314,050 0 0
Pfizer COM 717081103 598 19,537 SH   SOLE   19,537 0 0
Photomedex Inc COM PAR $0.01 719358301 3,915 302,350 SH   SOLE   302,350 0 0
Photronics, Inc. COM 719405102 5,653 625,975 SH   SOLE   625,975 0 0
Physicians Realty Trust COM 71943U104 5,197 407,962 SH   SOLE   407,962 0 0
Pioneer Pwr Solutions Inc COM NEW 723836300 1,030 100,000 SH   SOLE   100,000 0 0
PRGX Global, Inc. COM 69357C503 4,514 671,800 SH   SOLE   671,800 0 0
Primo Water Corporation COM 74165N105 651 247,432 SH   SOLE   247,432 0 0
Proctor & Gamble Co. COM 742718109 554 6,801 SH   SOLE   6,801 0 0
Professional Diversity Network COM 74312Y103 671 145,493 SH   SOLE   145,493 0 0
Prudential Financial, Inc. COM 744320102 579 6,280 SH   SOLE   6,280 0 0
Qumu Corporation COM 749063103 2,236 174,700 SH   SOLE   174,700 0 0
RCM Technologies COM 749360400 4,372 626,328 SH   SOLE   626,328 0 0
Reading International CL A 755408101 958 127,937 SH   SOLE   127,937 0 0
Rentrak Corporation COM 760174102 4,975 131,300 SH   SOLE   131,300 0 0
Resolute Energy Corporation COM 76116A108 4,194 464,450 SH   SOLE   464,450 0 0
Rex American Resources Corp COM 761624105 872 19,501 SH   SOLE   19,501 0 0
Rudolph Technologies Inc COM 781270103 5,151 438,750 SH   SOLE   438,750 0 0
Rush Enterprises, Inc. CL B 781846308 1,587 62,250 SH   SOLE   62,250 0 0
Saexploration Holdings Inc. COM 78636X105 2,429 272,040 SH   SOLE   272,040 0 0
Sanfilippo John B & Son Inc COM 800422107 7,893 319,800 SH   SOLE   319,800 0 0
Schlumberger LTD COM 806857108 540 5,990 SH   SOLE   5,990 0 0
Scorpio Tankers Inc SHS Y7542C106 4,952 420,000 SH   SOLE   420,000 0 0
SeaChange International Inc COM 811699107 3,427 281,800 SH   SOLE   281,800 0 0
Silvercrest Asset Management CL A 828359109 4,278 250,924 SH   SOLE   250,924 0 0
Sivercrest Mines Inc. COM 828365106 231 137,728 SH   SOLE   137,728 0 0
Skilled Healthcare Group CL A 83066R107 1,492 310,116 SH   SOLE   310,116 0 0
Smartpros COM 83171G103 652 262,000 SH   SOLE   262,000 0 0
SORL Auto Parts Inc COM 78461U101 2,969 746,105 SH   SOLE   746,105 0 0
Southwest Airlines Co COM 844741108 456 24,196 SH   SOLE   24,196 0 0
Sparton Corporation COM 847235108 5,222 186,850 SH   SOLE   186,850 0 0
SPDR S & P Depository Receipts TR UNIT 78462F103 4,973 26,924 SH   SOLE   26,924 0 0
Speed Commerce COM 84764T106 817 175,000 SH   SOLE   175,000 0 0
StealthGas Inc SHS Y81669106 4,054 397,800 SH   SOLE   397,800 0 0
Sterling Construction Co Inc COM 859241101 4,237 361,200 SH   SOLE   361,200 0 0
Stoneridge COM 86183P102 2,231 175,000 SH   SOLE   175,000 0 0
Stryker Corp COM 863667101 595 7,912 SH   SOLE   7,912 0 0
SWS Group, Inc. COM 78503N107 3,645 599,447 SH   SOLE   599,447 0 0
Synergy Resources Corp COM 87164P103 3,472 375,000 SH   SOLE   375,000 0 0
Syneron Medical ORD SHS M87245102 4,920 400,000 SH   SOLE   400,000 0 0
Systemax Inc. COM 871851101 3,997 355,300 SH   SOLE   355,300 0 0
T. Rowe Price Group, Inc. COM 74144T108 329 3,930 SH   SOLE   3,930 0 0
Target Corporation COM 87612E106 295 4,660 SH   SOLE   4,660 0 0
TechPrecision Corp COM 878739101 1,044 900,000 SH   SOLE   900,000 0 0
Texas Instruments Inc COM 882508104 502 11,425 SH   SOLE   11,425 0 0
TGC Industries, Inc. COM 872417308 3,163 433,306 SH   SOLE   433,306 0 0
The Ensign Group COM 29358P101 4,870 110,000 SH   SOLE   110,000 0 0
3 M Company COM 88579Y101 849 6,057 SH   SOLE   6,057 0 0
TOR Minerals International COM 890878101 518 52,071 SH   SOLE   52,071 0 0
Triangle Petroleum Corp COM NEW 89600B201 4,324 519,700 SH   SOLE   519,700 0 0
Trinity Biotech PLC SPON ADR NEW 896438306 1,257 50,000 SH   SOLE   50,000 0 0
Tristate Capital Holdings COM 89678F100 3,854 325,000 SH   SOLE   325,000 0 0
U. S. Global Investors, Inc. CL A 902952100 1,281 504,361 SH   SOLE   504,361 0 0
Ultra Clean Holdings, Inc. COM 90385V107 5,015 500,000 SH   SOLE   500,000 0 0
Ultralife Corp COM 903899102 355 100,000 SH   SOLE   100,000 0 0
United Insurance Holdings Corp COM 910710102 7,031 499,373 SH   SOLE   499,373 0 0
Universal Electronics, Inc. COM 913483103 4,371 114,700 SH   SOLE   114,700 0 0
Universal Power Grp COM 913788105 287 211,000 SH   SOLE   211,000 0 0
Uranium Energy Corp COM 916896103 3,400 1,700,000 SH   SOLE   1,700,000 0 0
Urologix, Inc. COM 917273104 90 500,000 SH   SOLE   500,000 0 0
US Auto Parts Network Inc. COM 90343C100 744 300,000 SH   SOLE   300,000 0 0
USA Technologies Inc COM NO PAR 90328S500 995 550,000 SH   SOLE   550,000 0 0
Vaalco Energy, Inc COM NEW 91851C201 5,923 859,700 SH   SOLE   859,700 0 0
Vasco Data Security Intl COM 92230Y104 4,641 600,350 SH   SOLE   600,350 0 0
Versar COM 925297103 1,145 237,100 SH   SOLE   237,100 0 0
Vertex Energy Inc. COM 92534K107 646 192,910 SH   SOLE   192,910 0 0
Virginia Heritage Bank COM 927819102 776 43,300 SH   SOLE   43,300 0 0
Virtusa Corporation COM 92827P102 2,301 60,400 SH   SOLE   60,400 0 0
VOXX International Corp. CL A 91829F104 3,374 202,025 SH   SOLE   202,025 0 0
Wal Mart COM 931142103 440 5,595 SH   SOLE   5,595 0 0
Walgreen Company COM 931422109 310 5,392 SH   SOLE   5,392 0 0
Wells-Gardner Electronics Corp COM 949765101 615 345,500 SH   SOLE   345,500 0 0
Westell Technologies Inc. CL A 957541105 972 240,000 SH   SOLE   240,000 0 0
Weyco Group Inc COM 962149100 1,221 41,500 SH   SOLE   41,500 0 0
Whitestone REIT COM 966084204 3,109 232,525 SH   SOLE   232,525 0 0
Widepoint Corporation COM 967590100 1,230 750,000 SH   SOLE   750,000 0 0
Willamette Valley Vineyards COM 969136100 874 139,000 SH   SOLE   139,000 0 0
Yum Brands, Inc. COM 988498101 762 10,075 SH   SOLE   10,075 0 0