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 503 14,220 SH   SOLE   14,220 0 0
Abbott Laboratories COM 002824100 370 9,037 SH   SOLE   9,037 0 0
Abbvie Inc. COM 00287Y109 486 8,610 SH   SOLE   8,610 0 0
Abraxas Petroleum Corp COM 003830106 3,130 500,000 SH   SOLE   500,000 0 0
Aceto Corporation COM 004446100 3,695 203,694 SH   SOLE   203,694 0 0
Addus Homecare Corporation COM 006739106 5,894 262,200 SH   SOLE   262,200 0 0
ADDvantage Technologies Group COM NEW 006743306 900 326,559 SH   SOLE   326,559 0 0
AeroCentury Corp. COM 007737109 735 47,185 SH   SOLE   47,185 0 0
Air Industries Group COM NEW 00912N205 1,660 153,000 SH   SOLE   153,000 0 0
Allied Healthcare Products COM 019222108 1,278 528,100 SH   SOLE   528,100 0 0
Allied Motion Technologies COM 019330109 1,114 76,967 SH   SOLE   76,967 0 0
American Eagle Energy Corp COM 02554F300 827 138,000 SH   SOLE   138,000 0 0
American Software, Inc. CL A 029683109 5,557 562,404 SH   SOLE   562,404 0 0
Ameriprise Financial, Inc COM 03076C106 460 3,837 SH   SOLE   3,837 0 0
Amgen COM 031162100 449 3,792 SH   SOLE   3,792 0 0
Amrep Corp COM 032159105 771 125,836 SH   SOLE   125,836 0 0
Anika Therapeutics, Inc. COM 035255108 556 12,000 SH   SOLE   12,000 0 0
ARI Network Services Inc COM 001930205 724 239,000 SH   SOLE   239,000 0 0
Asure Software, Inc. COM 04649U102 694 114,900 SH   SOLE   114,900 0 0
Atlas Financial Holdings, Inc SHS NEW G06207115 8,207 541,350 SH   SOLE   541,350 0 0
AXT Inc COM 00246W103 4,305 2,011,534 SH   SOLE   2,011,534 0 0
Ballantyne of Omaha Inc COM 058516105 934 223,500 SH   SOLE   223,500 0 0
Bank of Commerce Holdings (CA) COM 06424J103 380 60,000 SH   SOLE   60,000 0 0
Bankwell Financial Group Inc COM 06654A103 2,890 170,000 SH   SOLE   170,000 0 0
Barrett Business Services, Inc COM 068463108 4,239 90,200 SH   SOLE   90,200 0 0
Berkshire Hills Bancorp COM 084680107 2,090 90,000 SH   SOLE   90,000 0 0
Big 5 Sporting Goods COM 08915P101 3,099 252,550 SH   SOLE   252,550 0 0
BioScrip Inc COM 09069N108 4,858 582,492 SH   SOLE   582,492 0 0
Birner Dental Management Svcs COM NEW 091283200 912 51,000 SH   SOLE   51,000 0 0
Blue Rock Residential Growth COM CL A 09627J102 835 63,358 SH   SOLE   63,358 0 0
Broadwind Energy Inc COM NEW 11161T207 475 54,200 SH   SOLE   54,200 0 0
BSquare Corporation COM NEW 11776U300 929 290,400 SH   SOLE   290,400 0 0
Cafepress Inc. COM 12769A103 3,506 678,200 SH   SOLE   678,200 0 0
Cal Dive International Inc. COM 12802T101 4,395 3,329,700 SH   SOLE   3,329,700 0 0
Cameron International Corp COM 13342B105 225 3,325 SH   SOLE   3,325 0 0
Caretrust REIT Inc. COM 14174T107 2,178 110,000 SH   SOLE   110,000 0 0
CECO Environmental Corp COM 125141101 831 53,334 SH   SOLE   53,334 0 0
Celsion Corp COM PAR $0.01 15117N404 493 142,100 SH   SOLE   142,100 0 0
Century Casinos, Inc. COM 156492100 6,857 1,184,300 SH   SOLE   1,184,300 0 0
Ceragon Networks Ltd. ORD M22013102 1,847 727,000 SH   SOLE   727,000 0 0
Cherokee COM 16444H102 1,079 71,022 SH   SOLE   71,022 0 0
Chevron Texaco COM 166764100 216 1,655 SH   SOLE   1,655 0 0
China Gerui Advanced Materials SHS G21101103 326 440,718 SH   SOLE   440,718 0 0
Christopher and Banks Corp COM 171046105 4,380 500,000 SH   SOLE   500,000 0 0
Ciber Inc. COM 17163B102 790 159,900 SH   SOLE   159,900 0 0
Cimatron LTD ORD M23798107 618 100,000 SH   SOLE   100,000 0 0
Cisco Systems, Inc. COM 17275R102 209 8,415 SH   SOLE   8,415 0 0
City Office REIT Inc. COM 178587101 3,931 310,000 SH   SOLE   310,000 0 0
Colgate-Palmolive COM 194162103 474 6,955 SH   SOLE   6,955 0 0
Columbia Laboratories Inc. COM NEW 197779200 873 127,400 SH   SOLE   127,400 0 0
Comfort Systems USA, Inc. COM 199908104 2,560 162,029 SH   SOLE   162,029 0 0
ConAgra Foods, Inc. COM 205887102 382 12,875 SH   SOLE   12,875 0 0
Concurrent Computer Corp COM PAR $.01 206710402 776 104,000 SH   SOLE   104,000 0 0
Core Molding Technologies, Inc COM 218683100 3,741 287,800 SH   SOLE   287,800 0 0
Courier Corporation COM 222660102 2,984 200,000 SH   SOLE   200,000 0 0
Covenant Transportation Group CL A 22284P105 4,516 350,600 SH   SOLE   350,600 0 0
Cowen Group Inc CL A 223622101 3,916 928,000 SH   SOLE   928,000 0 0
CPI Aerostructures, Inc. COM NEW 125919308 5,291 417,605 SH   SOLE   417,605 0 0
CR Bard Inc. COM 067383109 566 3,960 SH   SOLE   3,960 0 0
Crown Crafts Inc COM 228309100 605 77,600 SH   SOLE   77,600 0 0
Cryolife Inc COM 228903100 1,521 169,940 SH   SOLE   169,940 0 0
CSX Corporation COM 126408103 677 21,975 SH   SOLE   21,975 0 0
CTI Industries Corporation COM NEW 125961300 813 178,000 SH   SOLE   178,000 0 0
CyberOptics Corporation COM 232517102 3,686 461,369 SH   SOLE   461,369 0 0
Datalink Corp. COM 237934104 2,762 276,200 SH   SOLE   276,200 0 0
Delta Apparel Inc. COM 247368103 3,364 234,917 SH   SOLE   234,917 0 0
DHT Holdings, Inc. SHS NEW Y2065G121 4,115 571,500 SH   SOLE   571,500 0 0
Dice Holdings Inc COM 253017107 3,828 503,000 SH   SOLE   503,000 0 0
Diversified Restaurant Holding COM 25532M105 2,553 535,300 SH   SOLE   535,300 0 0
DLH Holdings Corp COM 23335Q100 353 186,828 SH   SOLE   186,828 0 0
Dot Hill Systems Inc. COM 25848T109 891 189,600 SH   SOLE   189,600 0 0
Douglas Dynamics, Inc. COM 25960R105 1,938 110,000 SH   SOLE   110,000 0 0
DSP Group Inc. COM 23332B106 846 99,700 SH   SOLE   99,700 0 0
eBay Inc COM 278642103 657 13,120 SH   SOLE   13,120 0 0
Edgewater Technology COM 280358102 789 106,000 SH   SOLE   106,000 0 0
EMC Insurance Group COM 268664109 483 15,681 SH   SOLE   15,681 0 0
Emerson Electric COM NEW 291011104 237 3,575 SH   SOLE   3,575 0 0
Emerson Radio Corp. COM 291087203 25 14,000 SH   SOLE   14,000 0 0
Empire Resources, Inc. COM 29206E100 307 74,213 SH   SOLE   74,213 0 0
Enservco Corporation COM 29358Y102 1,065 412,909 SH   SOLE   412,909 0 0
Enterprise Products Partners COM 293792107 564 7,200 SH   SOLE   7,200 0 0
Epiq Systmes COM 26882D109 4,541 323,173 SH   SOLE   323,173 0 0
Evolving Systems, Inc. COM 30049R209 1,381 161,307 SH   SOLE   161,307 0 0
Exactech COM 30064E109 4,592 182,000 SH   SOLE   182,000 0 0
Exxon Mobil Corporation COM 30231G102 937 9,304 SH   SOLE   9,304 0 0
Farmer Brothers Company COM 307675108 3,089 142,955 SH   SOLE   142,955 0 0
FBR and Company COM NEW 30247C400 1,664 61,344 SH   SOLE   61,344 0 0
Federal Signal Corp COM 313855108 2,217 151,300 SH   SOLE   151,300 0 0
Fedex Corporation COM 31428X106 672 4,440 SH   SOLE   4,440 0 0
First Internet Bancorp COM 320557101 787 38,200 SH   SOLE   38,200 0 0
Five Star Quality Care Inc. COM 33832D106 2,505 500,000 SH   SOLE   500,000 0 0
Flexible Solutions Intl COM 33938T104 517 615,000 SH   SOLE   615,000 0 0
Flexsteel Industries, Inc. COM 339382103 6,331 189,840 SH   SOLE   189,840 0 0
Fluor Corporation COM 343412102 511 6,640 SH   SOLE   6,640 0 0
Friedman Industries COM 358435105 591 70,000 SH   SOLE   70,000 0 0
Fuel Tech Inc. COM 359523107 979 173,500 SH   SOLE   173,500 0 0
Full House Resorts Inc. COM 359678109 1,848 1,310,473 SH   SOLE   1,310,473 0 0
Furmanite Corp COM 361086101 5,122 440,000 SH   SOLE   440,000 0 0
G P Strategies Corp COM 36225V104 5,087 196,550 SH   SOLE   196,550 0 0
Gaming Partners International COM 36467A107 845 103,500 SH   SOLE   103,500 0 0
Gencor Industries Inc COM 368678108 931 84,600 SH   SOLE   84,600 0 0
General Electric COM 369604103 545 20,739 SH   SOLE   20,739 0 0
General Finance Corp. COM 369822101 851 89,599 SH   SOLE   89,599 0 0
General Mills, Inc. COM 370334104 387 7,375 SH   SOLE   7,375 0 0
Global Brass and Copper Hldg COM 37953G103 3,991 236,150 SH   SOLE   236,150 0 0
Global Cash Access Holdings COM 378967103 6,427 722,080 SH   SOLE   722,080 0 0
Global Power Equipment Group COM PAR $0.01 37941P306 3,335 206,401 SH   SOLE   206,401 0 0
Globalscape, Inc COM 37940G109 937 382,420 SH   SOLE   382,420 0 0
Hallador Energy Company COM 40609P105 4,686 493,815 SH   SOLE   493,815 0 0
Hennessy Advisors Inc COM 425885100 2,259 151,800 SH   SOLE   151,800 0 0
Hill International, Inc COM 431466101 9,508 1,526,105 SH   SOLE   1,526,105 0 0
Home Depot Inc. COM 437076102 344 4,255 SH   SOLE   4,255 0 0
Honeywell International COM 438516106 363 3,900 SH   SOLE   3,900 0 0
Hooper Holmes Inc COM 439104100 1,127 1,508,100 SH   SOLE   1,508,100 0 0
Hopfedd Bankcorp, Inc. COM 439734104 688 59,200 SH   SOLE   59,200 0 0
Hudson Technologies Inc COM 444144109 5,054 1,748,900 SH   SOLE   1,748,900 0 0
Hurco Companies, Inc. COM 447324104 705 25,000 SH   SOLE   25,000 0 0
Illinois Tool Works, Inc. COM 452308109 501 5,720 SH   SOLE   5,720 0 0
Information Services Group Inc COM 45675Y104 846 175,888 SH   SOLE   175,888 0 0
InfuSystems Holdings Inc COM 45685K102 265 100,000 SH   SOLE   100,000 0 0
Innodata Isogen Inc COM NEW 457642205 4,187 1,300,367 SH   SOLE   1,300,367 0 0
Integrated Silicon Solutions COM 45812P107 5,056 342,300 SH   SOLE   342,300 0 0
Intel Corp. COM 458140100 398 12,865 SH   SOLE   12,865 0 0
International Business Machine COM 459200101 723 3,990 SH   SOLE   3,990 0 0
International Paper Co COM 460146103 244 4,835 SH   SOLE   4,835 0 0
inTEST Corp. COM 461147100 848 218,100 SH   SOLE   218,100 0 0
Intuit Inc COM 461202103 230 2,855 SH   SOLE   2,855 0 0
IPass Inc. COM 46261V108 3,384 2,819,650 SH   SOLE   2,819,650 0 0
Iteris Inc COM 46564T107 778 457,800 SH   SOLE   457,800 0 0
J P Morgan Chase & Co COM 46625H100 433 7,513 SH   SOLE   7,513 0 0
John B & Son Sanfilippo Inc COM 800422107 8,290 313,200 SH   SOLE   313,200 0 0
Johnson & Johnson COM 478160104 567 5,424 SH   SOLE   5,424 0 0
K M G Chemicals Inc COM 482564101 3,036 168,865 SH   SOLE   168,865 0 0
Kimberly-Clark Corporation COM 494368103 413 3,715 SH   SOLE   3,715 0 0
Kingstone Companies Inc COM 496719105 934 140,000 SH   SOLE   140,000 0 0
Kirkland's COM 497498105 3,210 173,050 SH   SOLE   173,050 0 0
Kratos Defense & Security COM NEW 50077B207 874 112,000 SH   SOLE   112,000 0 0
KVH Industries Inc COM 482738101 4,026 309,000 SH   SOLE   309,000 0 0
L. B. Foster COM 350060109 4,794 88,590 SH   SOLE   88,590 0 0
Lakeland Industries COM 511795106 869 121,300 SH   SOLE   121,300 0 0
Landec Corporation COM 514766104 4,469 357,800 SH   SOLE   357,800 0 0
Layne Christensen Co. COM 521050104 2,947 221,600 SH   SOLE   221,600 0 0
LGL Group Warrants *W EXP 08/06/201 50186A116 0 249,000 SH   SOLE   249,000 0 0
Liberator Medical HL COM 53012L108 4,222 1,126,000 SH   SOLE   1,126,000 0 0
Liberty Tax, Inc. CL A 46637N103 4,314 129,500 SH   SOLE   129,500 0 0
LifeVantage Corp COM 53222K106 2,302 1,598,700 SH   SOLE   1,598,700 0 0
Macys COM 55616P104 678 11,691 SH   SOLE   11,691 0 0
Manitex COM 563420108 5,910 363,916 SH   SOLE   363,916 0 0
Matrix Service Co. COM 576853105 5,787 176,500 SH   SOLE   176,500 0 0
MCG Diagnostics Corporation COM 552768103 588 70,800 SH   SOLE   70,800 0 0
McKesson Corp. COM 58155Q103 812 4,360 SH   SOLE   4,360 0 0
Medical Action Industries Inc. COM 58449L100 215 15,680 SH   SOLE   15,680 0 0
Medtronic Inc. COM 585055106 293 4,596 SH   SOLE   4,596 0 0
MFRI, Inc. COM 552721102 4,994 437,645 SH   SOLE   437,645 0 0
MicroFinancial Inc. COM 595072109 862 111,459 SH   SOLE   111,459 0 0
Micron Technology COM 595112103 516 15,650 SH   SOLE   15,650 0 0
Micronet Enertec Technologies COM 595117102 554 130,384 SH   SOLE   130,384 0 0
Miller Industries COM NEW 600551204 4,372 212,418 SH   SOLE   212,418 0 0
Mitcham Industries, Inc. COM 606501104 2,535 181,300 SH   SOLE   181,300 0 0
Monarch Casino & Resort, Inc. COM 609027107 3,532 233,300 SH   SOLE   233,300 0 0
Monmouth Real Estate Investment COM 609720107 4,232 421,555 SH   SOLE   421,555 0 0
Motorcar Parts of America, Inc COM 620071100 7,327 300,920 SH   SOLE   300,920 0 0
Napco Security Technology Inc COM 630402105 838 154,300 SH   SOLE   154,300 0 0
Nevada Gold and Casinos LTD COM NEW 64126Q206 425 424,700 SH   SOLE   424,700 0 0
Newpark Resources Inc. COM PAR $.01 NEW 651718504 4,973 399,100 SH   SOLE   399,100 0 0
Newtek Business Services Inc COM 652526104 1,189 434,000 SH   SOLE   434,000 0 0
Northern Technologies Intl COM 665809109 5,332 253,200 SH   SOLE   253,200 0 0
Northwest Pipe Company COM 667746101 3,901 96,722 SH   SOLE   96,722 0 0
NTN Buzz Time COM NEW 629410309 584 1,100,000 SH   SOLE   1,100,000 0 0
Nucor Corporation COM 670346105 359 7,296 SH   SOLE   7,296 0 0
Omega Protein Corp. COM 68210P107 5,814 425,000 SH   SOLE   425,000 0 0
Omnova Solutions, Inc. COM 682129101 3,791 417,009 SH   SOLE   417,009 0 0
On Track Innovations Ltd. SHS M8791A109 476 200,000 SH   SOLE   200,000 0 0
1347 Property Insurance Hldgs COM 68244P107 1,414 158,700 SH   SOLE   158,700 0 0
Oplink Communications Inc COM NEW 68375Q403 4,072 239,950 SH   SOLE   239,950 0 0
Oppenheimer Holdings CL A NON VTG 683797104 5,772 240,591 SH   SOLE   240,591 0 0
Oracle Corporation COM 68389X105 503 12,419 SH   SOLE   12,419 0 0
Orbit International Corp COM NEW 685559304 773 262,185 SH   SOLE   262,185 0 0
Orchids Paper Products COM 68572N104 7,192 224,481 SH   SOLE   224,481 0 0
P H I, Inc. COM NON VOTING 69336T205 6,746 151,350 SH   SOLE   151,350 0 0
Pacific Premier Bank Corp COM 69478X105 1,000 71,000 SH   SOLE   71,000 0 0
PCM, Inc. COM 69323K100 4,515 423,580 SH   SOLE   423,580 0 0
PCTEL Inc COM 69325Q105 4,558 563,400 SH   SOLE   563,400 0 0
Pedevco Corp COM NEW 70532Y204 810 399,000 SH   SOLE   399,000 0 0
Penford Corporation COM 707051108 4,159 324,179 SH   SOLE   324,179 0 0
Pepsico COM 713448108 641 7,172 SH   SOLE   7,172 0 0
Pfizer COM 717081103 521 17,567 SH   SOLE   17,567 0 0
PhotoMedex Inc COM PAR $0.01 719358301 3,961 323,350 SH   SOLE   323,350 0 0
Photronics, Inc. COM 719405102 5,351 622,200 SH   SOLE   622,200 0 0
Physicians Realty Trust COM 71943U104 5,845 406,165 SH   SOLE   406,165 0 0
Pioneer Solutions Inc COM NEW 723836300 823 98,900 SH   SOLE   98,900 0 0
Preferred Apartment Comm COM 74039L103 874 98,500 SH   SOLE   98,500 0 0
PRGX Global, Inc. COM 69357C503 4,259 666,500 SH   SOLE   666,500 0 0
Proctor & Gamble Co. COM 742718109 486 6,183 SH   SOLE   6,183 0 0
Professional Diversity Network COM 74312Y103 817 200,742 SH   SOLE   200,742 0 0
Prudential Financial, Inc. COM 744320102 512 5,768 SH   SOLE   5,768 0 0
Qumu Corporation COM 749063103 2,430 173,700 SH   SOLE   173,700 0 0
RCM Technologies Inc COM 749360400 4,040 635,280 SH   SOLE   635,280 0 0
Reading International Inc CL A 755408101 867 101,600 SH   SOLE   101,600 0 0
Renewable Energy Group, Inc. COM NEW 75972A301 2,305 201,000 SH   SOLE   201,000 0 0
Rentrak Corporation COM 760174102 2,460 46,900 SH   SOLE   46,900 0 0
Resolute Energy Corporation COM 76116A108 3,985 461,200 SH   SOLE   461,200 0 0
Richardson Electronics, Ltd. COM 763165107 668 63,834 SH   SOLE   63,834 0 0
Rudolph Technologies Inc COM 781270103 4,266 431,750 SH   SOLE   431,750 0 0
Saexploration Holdings Inc. COM 78636X105 2,301 272,040 SH   SOLE   272,040 0 0
Schlumberger LTD COM 806857108 651 5,516 SH   SOLE   5,516 0 0
Scorpio Tankers Inc SHS Y7542C106 4,298 422,600 SH   SOLE   422,600 0 0
Sigma Designs COM 826565103 687 150,000 SH   SOLE   150,000 0 0
Silvercrest Asset Management CL A 828359109 4,318 250,924 SH   SOLE   250,924 0 0
Silvercrest Mines COM 828365106 581 273,000 SH   SOLE   273,000 0 0
Skilled Healthcare Group CL A 83066R107 4,087 649,800 SH   SOLE   649,800 0 0
Skyworks Solutions Inc. COM 83088M102 758 16,150 SH   SOLE   16,150 0 0
Smartpros COM 83171G103 547 234,600 SH   SOLE   234,600 0 0
SORL Auto Parts Inc COM 78461U101 2,235 742,605 SH   SOLE   742,605 0 0
Southwest Airlines Co COM 844741108 650 24,196 SH   SOLE   24,196 0 0
Sparton Corp COM 847235108 4,860 175,200 SH   SOLE   175,200 0 0
SPDR S & P Depository Receipts TR UNIT 78462F103 6,173 31,541 SH   SOLE   31,541 0 0
Speed Commerce COM 84764T106 651 174,000 SH   SOLE   174,000 0 0
StealthGas Inc SHS Y81669106 4,093 368,700 SH   SOLE   368,700 0 0
Sterling Construction Co Inc COM 859241101 5,825 621,050 SH   SOLE   621,050 0 0
Stoneridge COM 86183P102 2,394 223,361 SH   SOLE   223,361 0 0
Stryker Corp COM 863667101 604 7,159 SH   SOLE   7,159 0 0
Supreme Industries Inc CL A 868607102 877 135,000 SH   SOLE   135,000 0 0
SWS Group, inc. COM 78503N107 4,337 595,747 SH   SOLE   595,747 0 0
Synergy Resources Corp COM 87164P103 4,969 375,000 SH   SOLE   375,000 0 0
Syneron Medical ORD SHS M87245102 4,128 400,000 SH   SOLE   400,000 0 0
Sysorex Gobal Holdings COM NEW 87184N203 824 212,443 SH   SOLE   212,443 0 0
Systemax Inc. COM 871851101 4,867 338,700 SH   SOLE   338,700 0 0
T. Rowe Price Group, Inc. COM 74144T108 216 2,555 SH   SOLE   2,555 0 0
TechPrecision Corp COM 878739101 598 950,000 SH   SOLE   950,000 0 0
Texas Instruments Inc COM 882508104 519 10,855 SH   SOLE   10,855 0 0
TGC Industries, Inc. COM 872417308 3,808 698,776 SH   SOLE   698,776 0 0
The Ensign Group COM 29358P101 3,419 110,000 SH   SOLE   110,000 0 0
3 M Company COM 88579Y101 781 5,455 SH   SOLE   5,455 0 0
TOR Minerals International COM 890878101 576 61,300 SH   SOLE   61,300 0 0
Transcat Inc COM 893529107 533 51,953 SH   SOLE   51,953 0 0
Triangle Petroleum Corp COM NEW 89600B201 4,325 368,100 SH   SOLE   368,100 0 0
Trinity Biotech PLC SPON ADR NEW 896438306 829 36,000 SH   SOLE   36,000 0 0
Tristate Capital Holdings COM 89678F100 4,592 325,000 SH   SOLE   325,000 0 0
U. S. Global Investors, Inc. CL A 902952100 854 242,646 SH   SOLE   242,646 0 0
Ultra Clean Holdings, Inc. COM 90385V107 1,810 200,000 SH   SOLE   200,000 0 0
Ultralife Corp COM 903899102 729 189,835 SH   SOLE   189,835 0 0
United Insurance Holdings Corp COM 910710102 7,955 460,873 SH   SOLE   460,873 0 0
Universal Electronics, Inc. COM 913483103 5,079 103,900 SH   SOLE   103,900 0 0
Uranium Energy Corp COM 916896103 780 500,000 SH   SOLE   500,000 0 0
Urologix, Inc. COM 917273104 87 500,000 SH   SOLE   500,000 0 0
US Auto Parts Network Inc. COM 90343C100 791 219,000 SH   SOLE   219,000 0 0
USA Technologies Inc COM NO PAR 90328S500 1,156 548,000 SH   SOLE   548,000 0 0
Vaalco Energy, Inc COM NEW 91851C201 5,104 705,985 SH   SOLE   705,985 0 0
Vasco Data Security Intl COM 92230Y104 7,161 617,300 SH   SOLE   617,300 0 0
Versar COM 925297103 742 228,200 SH   SOLE   228,200 0 0
Vertex Energy Inc. COM 92534K107 583 60,000 SH   SOLE   60,000 0 0
Virginia Heritage Bank COM 927819102 545 19,824 SH   SOLE   19,824 0 0
VOXX International Corp. CL A 91829F104 197 20,950 SH   SOLE   20,950 0 0
Wal Mart COM 931142103 364 4,845 SH   SOLE   4,845 0 0
Walgreen Company COM 931422109 345 4,654 SH   SOLE   4,654 0 0
Warren Resources, Inc. COM 93564A100 1,267 204,400 SH   SOLE   204,400 0 0
Wells-Gardner Electronics Corp COM 949765101 549 398,000 SH   SOLE   398,000 0 0
Westell Technologies Inc. CL A 957541105 685 279,746 SH   SOLE   279,746 0 0
Weyco Group Inc COM 962149100 1,643 59,953 SH   SOLE   59,953 0 0
Whitestone Real Estate Investm COM 966084204 3,833 257,051 SH   SOLE   257,051 0 0
Widepoint Corporation COM 967590100 441 250,309 SH   SOLE   250,309 0 0
Willamette Valley Vineyards COM 969136100 819 138,500 SH   SOLE   138,500 0 0
Willdan Group, Inc. COM 96924N100 710 81,835 SH   SOLE   81,835 0 0
Xenith Bankshares Inc. COM 98410X105 506 80,000 SH   SOLE   80,000 0 0
Yum Brands, Inc. COM 988498101 745 9,175 SH   SOLE   9,175 0 0