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
ABBOTT LABS COM 002824100 423 9,135 SH   SOLE   9,135 0 0
ABBVIE INC COM 00287Y109 500 8,543 SH   SOLE   8,543 0 0
ABRAXAS PETE CORP COM 003830106 2,210 680,000 SH   SOLE   680,000 0 0
ACETO CORP COM 004446100 2,934 133,345 SH   SOLE   133,345 0 0
ADDUS HOMECARE CORP COM 006739106 6,483 281,624 SH   SOLE   281,624 0 0
ADDVANTAGE TECHNOLOGIES COM NEW 006743306 602 256,293 SH   SOLE   256,293 0 0
AEP INDS INC COM 001031103 3,372 61,266 SH   SOLE   61,266 0 0
AEROCENTURY CORP COM 007737109 451 34,047 SH   SOLE   34,047 0 0
AG&E HLDGS INC COM 00108M102 336 419,708 SH   SOLE   419,708 0 0
AIR INDS GROUP COM NEW 00912N205 2,593 255,700 SH   SOLE   255,700 0 0
ALLIED HEALTHCARE PRODS COM 019222108 421 258,200 SH   SOLE   258,200 0 0
ALLIED MOTION TECHNOLOGIES COM 019330109 896 27,000 SH   SOLE   27,000 0 0
AMERICAN SOFTWARE INC CL A 029683109 5,353 523,805 SH   SOLE   523,805 0 0
AMERIPRISE FINL INC COM 03076C106 446 3,412 SH   SOLE   3,412 0 0
AMGEN INC COM 031162100 599 3,747 SH   SOLE   3,747 0 0
AMREP CORP NEW COM 032159105 489 95,000 SH   SOLE   95,000 0 0
ARI NETWORK SVCS INC COM 001930205 549 161,800 SH   SOLE   161,800 0 0
ASURE SOFTWARE INC COM 04649U102 731 126,883 SH   SOLE   126,883 0 0
AT&T INC COM 00206R102 463 14,190 SH   SOLE   14,190 0 0
ATLAS FINANCIAL HOLDINGS INC SHS NEW G06207115 9,294 525,950 SH   SOLE   525,950 0 0
AXT INC COM 00246W103 5,265 1,957,334 SH   SOLE   1,957,334 0 0
BALLANTYNE STRONG INC COM 058516105 960 208,785 SH   SOLE   208,785 0 0
BANKWELL FINL GROUP INC COM 06654A103 3,276 170,100 SH   SOLE   170,100 0 0
BARD C R INC COM 067383109 661 3,950 SH   SOLE   3,950 0 0
BARRETT BUSINESS SERVICES INC COM 068463108 473 11,050 SH   SOLE   11,050 0 0
BEL FUSE INC COM 077347300 3,957 207,933 SH   SOLE   207,933 0 0
BERKSHIRE HILLS BANCORP INC COM 084680107 3,795 137,000 SH   SOLE   137,000 0 0
BIG 5 SPORTING GOODS CORP COM 08915P101 2,110 159,000 SH   SOLE   159,000 0 0
BIOSCRIP INC COM 09069N108 2,950 666,000 SH   SOLE   666,000 0 0
BIRNER DENTAL MGMT SERVICES COM NEW 091283200 674 48,500 SH   SOLE   48,500 0 0
BSQUARE CORP COM 11776U300 1,079 230,000 SH   SOLE   230,000 0 0
CAFEPRESS INC COM 12769A103 1,950 501,207 SH   SOLE   501,207 0 0
CARLISLE COS INC COM 142339100 320 3,450 SH   SOLE   3,450 0 0
CECO ENVIRONMENTAL CORP COM 125141101 435 41,000 SH   SOLE   41,000 0 0
CELSION CORPORATION COM PAR $0.01 15117N404 379 142,100 SH   SOLE   142,100 0 0
CENTURY CASINOS INC COM 156492100 6,284 1,153,000 SH   SOLE   1,153,000 0 0
CERAGON NETWORKS LTD ORD M22013102 2,536 2,226,680 SH   SOLE   2,226,680 0 0
CHARLES & COLVARD LTD COM 159765106 205 175,000 SH   SOLE   175,000 0 0
CHEROKEE INC DEL NEW COM 16444H102 3,638 186,767 SH   SOLE   186,767 0 0
CHRISTOPHER & BANKS CORP COM 171046105 3,099 557,300 SH   SOLE   557,300 0 0
CISCO SYS INC COM 17275R102 228 8,280 SH   SOLE   8,280 0 0
CITIGROUP INC COM NEW 172967424 218 4,225 SH   SOLE   4,225 0 0
CITY OFFICE REIT INC COM 178587101 3,964 311,386 SH   SOLE   311,386 0 0
COLGATE PALMOLIVE CO COM 194162103 489 7,045 SH   SOLE   7,045 0 0
COMFORT SYS USA INC COM 199908104 6,173 293,384 SH   SOLE   293,384 0 0
CONCURRENT COMPUTER CORP COM PAR $.01 206710402 601 95,000 SH   SOLE   95,000 0 0
CORE MOLDING TECHNOLOGIES COM 218683100 4,993 290,826 SH   SOLE   290,826 0 0
COWEN GROUP INC NEW CL A 223622101 5,726 1,101,064 SH   SOLE   1,101,064 0 0
CPI AEROSTRUCTURES INC COM NEW 125919308 4,676 383,305 SH   SOLE   383,305 0 0
CROWN CRAFTS INC COM 228309100 496 64,100 SH   SOLE   64,100 0 0
CRYOLIFE INC COM 228903100 1,762 169,940 SH   SOLE   169,940 0 0
CSX CORP COM 126408103 694 20,950 SH   SOLE   20,950 0 0
CTI INDUSTRIES CORP COM NEW 125961300 746 184,100 SH   SOLE   184,100 0 0
CYBEROPTICS CORP COM 232517102 3,436 340,176 SH   SOLE   340,176 0 0
DATA I O CORP COM 237690102 655 177,000 SH   SOLE   177,000 0 0
DATALINK CORP COM 237934104 3,265 271,200 SH   SOLE   271,200 0 0
DAWSON GEOPHYSICAL CO COM 239359102 746 174,595 SH   SOLE   174,595 0 0
DELTA APPAREL INC COM 247368103 2,154 175,152 SH   SOLE   175,152 0 0
DHT HOLDINGS INC SHS NEW Y2065G121 4,274 612,290 SH   SOLE   612,290 0 0
DIGITAL TURBINE INC COM NEW 25400W102 346 106,108 SH   SOLE   106,108 0 0
DIVERSIFIED RSTRNT HLDGS INC COM 25532M105 2,092 498,000 SH   SOLE   498,000 0 0
DLH HLDGS CORP COM 23335Q100 566 290,000 SH   SOLE   290,000 0 0
DOT HILL SYS CORP COM 25848T109 684 129,000 SH   SOLE   129,000 0 0
DSP GROUP INC COM 23332B106 5,694 475,300 SH   SOLE   475,300 0 0
EBAY INC COM 278642103 757 13,120 SH   SOLE   13,120 0 0
EDGEWATER TECHNOLOGY INC COM 280358102 593 87,100 SH   SOLE   87,100 0 0
EMC INS GROUP INC COM 268664109 4,340 128,405 SH   SOLE   128,405 0 0
EMERSON ELEC CO COM NEW 291011104 202 3,575 SH   SOLE   3,575 0 0
EMERSON RADIO CORP COM 291087203 18 14,000 SH   SOLE   14,000 0 0
EMPIRE RES INC DEL COM 29206E100 416 98,209 SH   SOLE   98,209 0 0
ENNIS INC COM 293389102 2,429 172,050 SH   SOLE   172,050 0 0
ENSERVCO CORP COM 29358Y102 244 139,400 SH   SOLE   139,400 0 0
ENSIGN GROUP INC COM 29358P101 5,155 110,000 SH   SOLE   110,000 0 0
ENTERPRISE PRODS PARTNERS L P COM 293792107 474 14,400 SH   SOLE   14,400 0 0
EPIQ SYS INC COM NEW 26882D109 5,101 284,476 SH   SOLE   284,476 0 0
EVOLVING SYS INC COM 30049R209 1,193 135,218 SH   SOLE   135,218 0 0
EXACTECH INC COM 30064E109 5,126 200,000 SH   SOLE   200,000 0 0
EXXON MOBIL CORP COM 30231G102 796 9,359 SH   SOLE   9,359 0 0
FARMER BROS CO COM 307675108 3,538 142,955 SH   SOLE   142,955 0 0
FBR & CO COM NEW 30247C400 4,448 192,470 SH   SOLE   192,470 0 0
FEDERAL SIGNAL CORP COM 313855108 1,770 112,100 SH   SOLE   112,100 0 0
FEDEX CORP COM 31428X106 711 4,295 SH   SOLE   4,295 0 0
FIRST INTERNET BANCORP COM 320557101 520 28,000 SH   SOLE   28,000 0 0
FIVE STAR QUALITY CARE INC COM 33832D106 1,776 400,000 SH   SOLE   400,000 0 0
FLEXIBLE SOLUTIONS INTL INC COM 33938T104 499 389,510 SH   SOLE   389,510 0 0
FLEXSTEEL INDS INC COM 339382103 4,687 149,792 SH   SOLE   149,792 0 0
FOSTER L B CO COM 350060109 4,201 88,475 SH   SOLE   88,475 0 0
FRIEDMAN INDS INC COM 358435105 388 62,500 SH   SOLE   62,500 0 0
FUEL TECH INC COM 359523107 376 120,000 SH   SOLE   120,000 0 0
FULL HOUSE RESORTS INC COM 359678109 1,946 1,288,473 SH   SOLE   1,288,473 0 0
FURMANITE CORPORATION COM 361086101 3,708 470,000 SH   SOLE   470,000 0 0
GAMING PARTNERS INTL CORP COM 36467A107 526 48,862 SH   SOLE   48,862 0 0
GENCOR INDS INC COM 368678108 744 74,300 SH   SOLE   74,300 0 0
GENERAL ELECTRIC COM 369604103 463 18,651 SH   SOLE   18,651 0 0
GENERAL FIN CORP DEL COM 369822101 565 70,000 SH   SOLE   70,000 0 0
GENERAL MLS INC COM 370334104 417 7,375 SH   SOLE   7,375 0 0
GLOBAL BRASS & COPPR HLDGS COM 37953G103 4,581 296,478 SH   SOLE   296,478 0 0
GLOBAL CASH ACCESS HLDGS INC COM 378967103 5,490 720,500 SH   SOLE   720,500 0 0
GLOBALSCAPE INC COM 37940G109 992 290,000 SH   SOLE   290,000 0 0
GP STRATEGIES CORP COM 36225V104 6,934 187,393 SH   SOLE   187,393 0 0
HACKETT GROUP INC COM 404609109 582 65,103 SH   SOLE   65,103 0 0
HALLADOR ENERGY COMPANY COM 40609P105 3,882 332,054 SH   SOLE   332,054 0 0
HANESBRANDS INC COM 410345102 375 11,200 SH   SOLE   11,200 0 0
HARDINGE INC COM 412324303 522 45,000 SH   SOLE   45,000 0 0
HENNESSY ADVISORS INC COM 425885100 4,637 228,979 SH   SOLE   228,979 0 0
HILL INTERNATIONAL INC COM 431466101 6,415 1,786,950 SH   SOLE   1,786,950 0 0
HILLTOP HOLDINGS INC COM 432748101 2,619 134,706 SH   SOLE   134,706 0 0
HOME DEPOT COM 437076102 430 3,783 SH   SOLE   3,783 0 0
HONEYWELL INTL INC COM 438516106 415 3,975 SH   SOLE   3,975 0 0
HOOPER HOLMES INC COM 439104100 709 1,363,500 SH   SOLE   1,363,500 0 0
HOPFED BANCORP INC COM 439734104 644 50,000 SH   SOLE   50,000 0 0
HUDSON TECHNOLOGIES INC COM 444144109 7,025 1,684,750 SH   SOLE   1,684,750 0 0
HURCOPANIES INC COM 447324104 823 25,000 SH   SOLE   25,000 0 0
ILLINOIS TOOL WKS INC COM 452308109 557 5,730 SH   SOLE   5,730 0 0
INFORMATION SERVICES GROUP COM 45675Y104 688 172,500 SH   SOLE   172,500 0 0
INNODATA INC COM NEW 457642205 3,494 1,333,482 SH   SOLE   1,333,482 0 0
INTEGRATED SILICON SOLUTION COM 45812P107 6,117 341,902 SH   SOLE   341,902 0 0
INTEL CORP COM 458140100 399 12,755 SH   SOLE   12,755 0 0
INTEST CORP COM 461147100 727 177,300 SH   SOLE   177,300 0 0
INTL PAPER CO COM 460146103 270 4,860 SH   SOLE   4,860 0 0
INTUIT COM 461202103 274 2,830 SH   SOLE   2,830 0 0
IPASS INC COM 46261V108 2,864 2,701,433 SH   SOLE   2,701,433 0 0
ISHARES CORE S&P MID CAP ETF CORE S&P MCP ETF 464287507 2,931 19,284 SH   SOLE   19,284 0 0
ISHARES EUROPE ETF EUROPE ETF 464287861 2,011 45,431 SH   SOLE   45,431 0 0
ISHARES IBOXX HIGH YIELD CORP IBOXX HI YD ETF 464288513 2,372 26,175 SH   SOLE   26,175 0 0
ISHARES LATIN AMERICA 40 ETF LATN AMER 40 ETF 464287390 704 23,979 SH   SOLE   23,979 0 0
ISHARES MSCI EAFE ETF MSCI EAFE ETF 464287465 4,953 77,188 SH   SOLE   77,188 0 0
ISHARES MSCI EMERGING MKTS MSCI EMG MKT ETF 464287234 3,248 80,939 SH   SOLE   80,939 0 0
ISHARES RUSSELL 2000 INDEX RUSSELL 2000 ETF 464287655 1,074 8,636 SH   SOLE   8,636 0 0
ISHARES S&P 500 GROWTH ETF S&P 500 GRWT ETF 464287309 2,112 18,535 SH   SOLE   18,535 0 0
ISHARES S&P 500 VALUE ETF S&P 500 VAL ETF 464287408 1,460 15,778 SH   SOLE   15,778 0 0
ISHARES S&P SMALLCAP 600 ETF CORE S&P SCP ETF 464287804 354 3,000 SH   SOLE   3,000 0 0
ISHARES U.S. OIL EQUIPMENT US OIL EQ&SV ETF 464288844 2,034 43,274 SH   SOLE   43,274 0 0
ITERIS INC COM 46564T107 655 360,000 SH   SOLE   360,000 0 0
JOHNSON & JOHNSON COM 478160104 540 5,369 SH   SOLE   5,369 0 0
JOHNSON CTLS INC COM 478366107 315 6,250 SH   SOLE   6,250 0 0
JONES LANG LASALLE INC COM 48020Q107 332 1,950 SH   SOLE   1,950 0 0
JPMorgan Chase & Co COM 46625H100 449 7,406 SH   SOLE   7,406 0 0
JUNIPER PHARMACEUTICALS INC COM NEW 197779200 959 154,500 SH   SOLE   154,500 0 0
KIMBERLY CLARK CORP COM 494368103 397 3,705 SH   SOLE   3,705 0 0
KINGSTONE COS INC COM 496719105 964 128,000 SH   SOLE   128,000 0 0
KIRKLANDS INC COM 497498105 4,704 198,050 SH   SOLE   198,050 0 0
KMG CHEMICALS INC COM 482564101 4,514 168,866 SH   SOLE   168,866 0 0
KRATOS DEFENSE & SEC COM NEW 50077B207 359 65,000 SH   SOLE   65,000 0 0
KVH INDS INC COM 482738101 4,639 306,800 SH   SOLE   306,800 0 0
LADENBURG THALMAN FIN SVCS COM 50575Q102 44 11,300 SH   SOLE   11,300 0 0
LANDEC CORP COM 514766104 4,930 353,400 SH   SOLE   353,400 0 0
LGI HOMES INC COM 50187T106 583 35,000 SH   SOLE   35,000 0 0
LGL GROUP INC WT EXP 080618 *W EXP 08/06/201 50186A116 4 249,000 SH   SOLE   249,000 0 0
LIBBEY INC COM 529898108 4,393 110,060 SH   SOLE   110,060 0 0
LIBERATOR MEDICAL HLDGS INC COM 53012L108 3,871 1,106,000 SH   SOLE   1,106,000 0 0
LIBERTY TAX INC CL A 53128T102 4,189 150,520 SH   SOLE   150,520 0 0
LIFEVANTAGE CORP COM 53222K106 1,737 2,199,000 SH   SOLE   2,199,000 0 0
LSI INDS INC COM 50216C108 4,724 579,601 SH   SOLE   579,601 0 0
MACYS INC COM 55616P104 754 11,615 SH   SOLE   11,615 0 0
MANITEX INTL INC COM 563420108 3,673 377,500 SH   SOLE   377,500 0 0
MATRIX SERVICE COMPANY COM 576853105 3,087 175,800 SH   SOLE   175,800 0 0
MCKESSON CORP COM 58155Q103 984 4,348 SH   SOLE   4,348 0 0
MEDTRONIC PLC SHS G5960L103 357 4,576 SH   SOLE   4,576 0 0
METALICO INC COM 591176102 430 1,166,600 SH   SOLE   1,166,600 0 0
MFRI INC COM 552721102 2,542 406,707 SH   SOLE   406,707 0 0
MICRON TECHNOLOGY COM 595112103 423 15,600 SH   SOLE   15,600 0 0
MILLER INDS INC TENN COM NEW 600551204 5,414 220,970 SH   SOLE   220,970 0 0
MITCHAM INDS INC COM 606501104 869 188,900 SH   SOLE   188,900 0 0
MONMOUTH REAL ESTATE INVT CL A 609720107 4,681 421,368 SH   SOLE   421,368 0 0
MOTORCAR PTS AMER INC COM 620071100 6,192 222,811 SH   SOLE   222,811 0 0
NAPCO SEC TECHNOLOGIES INC COM 630402105 695 120,000 SH   SOLE   120,000 0 0
NEVADA GOLD & CASINOS INC COM NEW 64126Q206 580 400,000 SH   SOLE   400,000 0 0
NEWPARK RES INC COM PAR $.01 NEW 651718504 2,508 275,300 SH   SOLE   275,300 0 0
NEWTEK BUSINESS SVCS CORP COM 652526203 6,729 407,080 SH   SOLE   407,080 0 0
NORTHERN TECH INTL CORP COM 665809109 4,665 245,500 SH   SOLE   245,500 0 0
NORTHWEST PIPE CO COM 667746101 2,976 129,692 SH   SOLE   129,692 0 0
NTN BUZZTIME INC COM NEW 629410309 395 950,000 SH   SOLE   950,000 0 0
OLYMPIC STEEL INC COM 68162K106 1,346 100,000 SH   SOLE   100,000 0 0
OMNOVA SOLUTIONS INC COM 682129101 3,574 419,017 SH   SOLE   419,017 0 0
1347 PPTY INS HLDGS INC COM 68244P107 497 65,443 SH   SOLE   65,443 0 0
OPPENHEIMER HLDGS INC CL A NON VTG 683797104 5,648 240,765 SH   SOLE   240,765 0 0
ORACLE CORPORATION COM 68389X105 531 12,305 SH   SOLE   12,305 0 0
ORBIT INTL CORP COM NEW 685559304 640 201,981 SH   SOLE   201,981 0 0
ORCHIDS PAPER PRODS CO DEL COM 68572N104 5,766 213,889 SH   SOLE   213,889 0 0
PACIFIC PREMIER BANCORP COM 69478X105 890 55,000 SH   SOLE   55,000 0 0
PCM INC COM 69323K100 4,529 484,920 SH   SOLE   484,920 0 0
PC-TEL INC COM 69325Q105 4,898 612,200 SH   SOLE   612,200 0 0
PDF SOLUTIONS INC COM 693282105 2,478 138,300 SH   SOLE   138,300 0 0
PEOPLES BANCORP INC COM 709789101 2,645 111,900 SH   SOLE   111,900 0 0
PEPSICO INC COM 713448108 682 7,137 SH   SOLE   7,137 0 0
PERMIAN BASIN RTY TR UNIT BEN INT 714236106 81 10,000 SH   SOLE   10,000 0 0
PFIZER INC COM 717081103 602 17,295 SH   SOLE   17,295 0 0
PGT INC COM 69336V101 4,184 374,448 SH   SOLE   374,448 0 0
PHI INC COM NON VTG 69336T205 3,804 126,449 SH   SOLE   126,449 0 0
PHOTRONICS INC COM 719405102 5,500 647,100 SH   SOLE   647,100 0 0
PHYSICIANS RLTY TR COM 71943U104 5,742 326,074 SH   SOLE   326,074 0 0
PIONEER PWR SOLUTIONS INC COM NEW 723836300 893 98,900 SH   SOLE   98,900 0 0
PNC FINL SVCS GROUP INC COM 693475105 221 2,375 SH   SOLE   2,375 0 0
POWERSHARES QQQ TR UNIT SER 1 73935A104 528 5,000 SH   SOLE   5,000 0 0
PREFERRED APT CMNTYS INC COM 74039L103 541 50,000 SH   SOLE   50,000 0 0
PRGX GLOBAL INC COM 69357C503 2,517 626,148 SH   SOLE   626,148 0 0
PRICE T ROWE GROUP INC COM 74144T108 207 2,555 SH   SOLE   2,555 0 0
PROCTER & GAMBLE CO COM 742718109 497 6,061 SH   SOLE   6,061 0 0
PROFESSIONAL DIVERSITY NET COM 74312Y103 825 170,200 SH   SOLE   170,200 0 0
PRUDENTIAL FINL INC COM 744320102 451 5,620 SH   SOLE   5,620 0 0
QUMU CORP COM 749063103 2,238 167,000 SH   SOLE   167,000 0 0
RCM TECHNOLOGIES INC COM 749360400 4,054 605,072 SH   SOLE   605,072 0 0
REMY INTL INC NEW COM 75971M108 3,887 175,000 SH   SOLE   175,000 0 0
RENEWABLE ENERGY GROUP INC COM NEW 75972A301 2,350 254,900 SH   SOLE   254,900 0 0
RICHARDSON ELECTRS LTD COM 763165107 449 50,000 SH   SOLE   50,000 0 0
RUDOLPH TECHNOLOGIES INC COM 781270103 4,965 450,550 SH   SOLE   450,550 0 0
S L INDS INC COM 784413106 492 11,505 SH   SOLE   11,505 0 0
SANFILIPPO JOHN B & SON INC COM 800422107 8,999 208,804 SH   SOLE   208,804 0 0
SCHNITZER STL INDS CL A 806882106 1,991 125,559 SH   SOLE   125,559 0 0
SCORPIO TANKERS INC COM Y7542C106 2,867 304,300 SH   SOLE   304,300 0 0
SILVERCREST ASSET MGMT GROUP CL A 828359109 3,739 262,381 SH   SOLE   262,381 0 0
SIZMEK INC COM 83013P105 4,193 577,500 SH   SOLE   577,500 0 0
SKYWORKS SOLUTIONS INC COM 83088M102 1,007 10,250 SH   SOLE   10,250 0 0
SMARTPROS LTD COM 83171G103 341 195,000 SH   SOLE   195,000 0 0
SORL AUTO PTS INC COM 78461U101 1,798 528,702 SH   SOLE   528,702 0 0
SOUTHWEST AIRLS CO COM 844741108 1,003 22,646 SH   SOLE   22,646 0 0
SPARTON CORP COM 847235108 2,923 119,300 SH   SOLE   119,300 0 0
SPDR GOLD ETF GOLD SHS 78463V107 651 5,730 SH   SOLE   5,730 0 0
SPDR S&P 500 ETF TR UNIT 78462F103 4,509 21,840 SH   SOLE   21,840 0 0
STEALTHGAS INC SHS Y81669106 2,772 423,200 SH   SOLE   423,200 0 0
STONERIDGE INC COM 86183P102 2,597 230,000 SH   SOLE   230,000 0 0
STRYKER CORP COM 863667101 654 7,087 SH   SOLE   7,087 0 0
SUPERIOR UNIFORM GP INC COM 868358102 2,857 150,630 SH   SOLE   150,630 0 0
SUPREME INDS INC CL A 868607102 931 120,000 SH   SOLE   120,000 0 0
SYNERON MEDICAL LTD ORD SHS M87245102 4,952 400,000 SH   SOLE   400,000 0 0
SYSTEMAX INC COM 871851101 4,143 339,000 SH   SOLE   339,000 0 0
TEXAS INSTRS INC COM 882508104 614 10,743 SH   SOLE   10,743 0 0
THESTREET.COM INC COM 88368Q103 630 350,000 SH   SOLE   350,000 0 0
3M CO COM 88579Y101 897 5,435 SH   SOLE   5,435 0 0
TOR MINERALS INTL INC COM 890878309 354 61,300 SH   SOLE   61,300 0 0
TRANSCAT INC COM 893529107 507 51,953 SH   SOLE   51,953 0 0
TRINITY BIOTECH PLC SPON ADR NEW 896438306 4,923 255,759 SH   SOLE   255,759 0 0
TRISTATE CAP HLDGS INC COM 89678F100 4,452 425,250 SH   SOLE   425,250 0 0
TRIUMPH BANCORP INC COM 89679E300 3,757 275,000 SH   SOLE   275,000 0 0
U M H PROPERTIES INC COM 903002103 1,130 112,264 SH   SOLE   112,264 0 0
U.S. AUTO PARTS NETWORK INC COM 90343C100 434 200,000 SH   SOLE   200,000 0 0
ULTRALIFE CORP COM 903899102 482 123,178 SH   SOLE   123,178 0 0
UNITED INS HLDGS CORP COM 910710102 7,866 349,610 SH   SOLE   349,610 0 0
UNIVERSAL ELECTRS INC COM 913483103 5,125 90,800 SH   SOLE   90,800 0 0
URANIUM ENERGY CORP COM 916896103 525 350,000 SH   SOLE   350,000 0 0
USA TECHNOLOGIES INC COM NO PAR 90328S500 1,458 530,000 SH   SOLE   530,000 0 0
VAALCO ENERGY INC COM NEW 91851C201 1,786 729,000 SH   SOLE   729,000 0 0
VANGUARD FTSE DEVELOPED FTSE DEV MKT ETF 921943858 205 5,140 SH   SOLE   5,140 0 0
VANGUARD HEALTH CARE IND HEALTH CAR ETF 92204A504 2,736 20,186 SH   SOLE   20,186 0 0
VANGUARD SHORT TERM BOND SHORT TRM BOND 921937827 2,475 30,744 SH   SOLE   30,744 0 0
VASCO DATA SEC INTL INC COM 92230Y104 2,518 116,900 SH   SOLE   116,900 0 0
VERITEX HLDGS INC COM 923451108 1,055 75,500 SH   SOLE   75,500 0 0
VERTEX ENERGY INC COM 92534K107 296 80,000 SH   SOLE   80,000 0 0
WAL MART COM 931142103 403 4,905 SH   SOLE   4,905 0 0
WEYCO GROUP INC COM 962149100 3,641 121,772 SH   SOLE   121,772 0 0
WHITESTONE REIT COM 966084204 2,883 181,563 SH   SOLE   181,563 0 0
WIDEPOINT CORP COM 967590100 238 180,000 SH   SOLE   180,000 0 0
WILLAMETTE VY VINEYARD INC COM 969136100 840 141,627 SH   SOLE   141,627 0 0
WILLDAN GROUP INC COM 96924N100 720 45,436 SH   SOLE   45,436 0 0
WISDOMTREE LARGE CAP DIVID LARGECAP DIVID 97717W307 2,225 30,358 SH   SOLE   30,358 0 0
XENITH BANKSHARES INC COM 98410X105 420 69,000 SH   SOLE   69,000 0 0
XPLORE TECHNOLOGIES CORP COM PAR $0.001 983950700 679 107,000 SH   SOLE   107,000 0 0
YUM! BRANDS INC COM 988498101 720 9,150 SH   SOLE   9,150 0 0
ZIX CORP COM 98974P100 4,270 1,086,570 SH   SOLE   1,086,570 0 0