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 COM 002824100 369 9,180 SH   SOLE   9,180 0 0
ABBVIE INC COM COM 00287Y109 458 8,418 SH   SOLE   8,418 0 0
ACETO CORP COM COM 004446100 3,660 133,345 SH   SOLE   133,345 0 0
ADDUS HOMECARE CORP COM COM 006739106 8,589 275,737 SH   SOLE   275,737 0 0
ADDVANTAGE TECHNOLOGIES GP INC COM NEW COM NEW 006743306 454 202,900 SH   SOLE   202,900 0 0
AEP INDS INC COM COM 001031103 3,498 61,016 SH   SOLE   61,016 0 0
AEROCENTURY CORP COM COM 007737109 342 34,047 SH   SOLE   34,047 0 0
AG&E HLDGS INC COM COM 00108M102 90 200,000 SH   SOLE   200,000 0 0
AIR INDS GROUP COM NEW COM NEW 00912N205 2,514 284,108 SH   SOLE   284,108 0 0
ALLIED HEALTHCARE PRODS INC COM COM 019222108 57 49,591 SH   SOLE   49,591 0 0
ALLIED MOTION TECHNOLOGIES INC COM COM 019330109 311 17,500 SH   SOLE   17,500 0 0
AMERICAN SOFTWARE INC CL A CL A 029683109 4,946 525,014 SH   SOLE   525,014 0 0
AMERIPRISE FINL INC COM COM 03076C106 348 3,185 SH   SOLE   3,185 0 0
AMGEN INC COM COM 031162100 492 3,557 SH   SOLE   3,557 0 0
AMREP CORP NEW COM COM 032159105 466 95,000 SH   SOLE   95,000 0 0
ARC GROUP WORLDWIDE INC COM COM 00213H105 180 100,000 SH   SOLE   100,000 0 0
ARI NETWORK SVCS INC COM NEW COM NEW 001930205 505 135,000 SH   SOLE   135,000 0 0
ASURE SOFTWARE INC COM COM 04649U102 713 126,883 SH   SOLE   126,883 0 0
AT&T INC COM COM 00206R102 459 14,080 SH   SOLE   14,080 0 0
ATLAS FINANCIAL HOLDINGS INC SHS NEW SHS NEW G06207115 9,700 524,350 SH   SOLE   524,350 0 0
AXT INC COM COM 00246W103 3,749 1,952,487 SH   SOLE   1,952,487 0 0
BALDWIN & LYONS INC CL B CL B 057755209 4,340 200,000 SH   SOLE   200,000 0 0
BALLANTYNE STRONG INC COM COM 058516105 980 208,585 SH   SOLE   208,585 0 0
BANKWELL FINL GROUP INC COM COM 06654A103 3,146 172,100 SH   SOLE   172,100 0 0
BARD C R INC COM COM 067383109 734 3,940 SH   SOLE   3,940 0 0
BARRETT BUSINESS SERVICES INC COM COM 068463108 470 10,950 SH   SOLE   10,950 0 0
BEL FUSE INC CL B CL B 077347300 4,748 244,256 SH   SOLE   244,256 0 0
BERKSHIRE HILLS BANCORP INC COM COM 084680107 3,773 137,000 SH   SOLE   137,000 0 0
BG STAFFING INC COM COM 05544A109 507 41,542 SH   SOLE   41,542 0 0
BIG 5 SPORTING GOODS CORP COM COM 08915P101 1,646 158,603 SH   SOLE   158,603 0 0
BIRNER DENTAL MGMT SERVICES IN COM NEW COM NEW 091283200 618 48,500 SH   SOLE   48,500 0 0
BSQUARE CORP COM NEW COM NEW 11776U300 562 85,000 SH   SOLE   85,000 0 0
CARLISLE COS INC COM COM 142339100 301 3,450 SH   SOLE   3,450 0 0
CECO ENVIRONMENTAL CORP COM COM 125141101 2,756 336,447 SH   SOLE   336,447 0 0
CELSION CORPORATION COM PAR $0.01 COM PAR $0.01 15117N404 334 200,000 SH   SOLE   200,000 0 0
CENTURY CASINOS INC COM COM 156492100 7,088 1,152,500 SH   SOLE   1,152,500 0 0
CERAGON NETWORKS LTD ORD ORD SHS M22013102 3,478 2,225,480 SH   SOLE   2,225,480 0 0
CHARLES & COLVARD LTD COM COM 159765106 231 175,000 SH   SOLE   175,000 0 0
CHEROKEE INC DEL NEW COM COM 16444H102 2,593 167,070 SH   SOLE   167,070 0 0
CISCO SYS INC COM COM 17275R102 217 8,250 SH   SOLE   8,250 0 0
CITIGROUP INC COM NEW COM NEW 172967424 215 4,325 SH   SOLE   4,325 0 0
CITY OFFICE REIT INC COM COM 178587101 3,732 328,496 SH   SOLE   328,496 0 0
COLGATE PALMOLIVE CO COM COM 194162103 451 7,105 SH   SOLE   7,105 0 0
COMFORT SYS USA INC COM COM 199908104 5,263 193,085 SH   SOLE   193,085 0 0
COMMUNITY HEALTHCARE TR INC COM COM 20369C106 3,260 205,000 SH   SOLE   205,000 0 0
CONCURRENT COMPUTER CORP NEW COM PAR $.01 COM PAR $.01 206710402 448 95,000 SH   SOLE   95,000 0 0
CONTROL4 CORP COM COM 21240D107 90 11,000 SH   SOLE   11,000 0 0
CORE MOLDING TECHNOLOGIES INC COM COM 218683100 3,084 167,139 SH   SOLE   167,139 0 0
COWEN GROUP INC NEW CL A CL A 223622101 5,036 1,104,364 SH   SOLE   1,104,364 0 0
CPI AEROSTRUCTURES INC COM NEW COM NEW 125919308 3,661 415,523 SH   SOLE   415,523 0 0
CROWN CRAFTS INC COM COM 228309100 501 61,100 SH   SOLE   61,100 0 0
CRYOLIFE INC COM COM 228903100 1,654 169,940 SH   SOLE   169,940 0 0
CSX CORP COM COM 126408103 559 20,775 SH   SOLE   20,775 0 0
CTI INDUSTRIES CORP COM NEW COM NEW 125961300 692 184,400 SH   SOLE   184,400 0 0
CYBEROPTICS CORP COM COM 232517102 345 54,600 SH   SOLE   54,600 0 0
DATA I O CORP COM COM 237690102 421 180,888 SH   SOLE   180,888 0 0
DATALINK CORP COM COM 237934104 1,985 332,417 SH   SOLE   332,417 0 0
DAWSON GEOPHYSICAL CO COM COM 239359102 378 99,180 SH   SOLE   99,180 0 0
DELTA APPAREL INC COM COM 247368103 2,295 130,159 SH   SOLE   130,159 0 0
DHI GROUP INC COM COM 23331S100 3,235 442,500 SH   SOLE   442,500 0 0
DHT HOLDINGS INC SHS NEW SHS NEW Y2065G121 4,885 658,390 SH   SOLE   658,390 0 0
DIGITAL TURBINE INC COM NEW COM NEW 25400W102 347 191,962 SH   SOLE   191,962 0 0
DIVERSIFIED RSTRNT HLDGS INC COM COM 25532M105 1,514 560,705 SH   SOLE   560,705 0 0
DLH HLDGS CORP COM COM 23335Q100 824 290,000 SH   SOLE   290,000 0 0
DSP GROUP INC COM COM 23332B106 4,328 475,100 SH   SOLE   475,100 0 0
DYNATRONICS CORP COM NEW COM NEW 268157401 190 61,173 SH   SOLE   61,173 0 0
EBAY INC COM COM 278642103 315 12,885 SH   SOLE   12,885 0 0
EDGEWATER TECHNOLOGY INC COM COM 280358102 513 70,000 SH   SOLE   70,000 0 0
EMC INS GROUP INC COM COM 268664109 4,470 192,607 SH   SOLE   192,607 0 0
EMPIRE RES INC DEL COM COM 29206E100 446 119,778 SH   SOLE   119,778 0 0
ENNIS INC COM COM 293389102 4,505 259,521 SH   SOLE   259,521 0 0
ENSIGN GROUP INC COM COM 29358P101 4,689 110,000 SH   SOLE   110,000 0 0
ENTERPRISE PRODS PARTNERS L P COM COM 293792107 359 14,400 SH   SOLE   14,400 0 0
EPIQ SYS INC COM COM 26882D109 3,671 284,128 SH   SOLE   284,128 0 0
EVERI HLDGS INC COM COM 30034T103 3,483 678,900 SH   SOLE   678,900 0 0
EVOLVING SYS INC COM NEW COM NEW 30049R209 809 134,827 SH   SOLE   134,827 0 0
EXACTECH INC COM COM 30064E109 3,472 199,172 SH   SOLE   199,172 0 0
EXXON MOBIL CORP COM COM 30231G102 690 9,279 SH   SOLE   9,279 0 0
FARMER BROS CO COM COM 307675108 5,745 210,830 SH   SOLE   210,830 0 0
FBR & CO COM NEW COM NEW 30247C400 3,977 194,770 SH   SOLE   194,770 0 0
FEDERAL SIGNAL CORP COM COM 313855108 1,553 113,300 SH   SOLE   113,300 0 0
FEDEX CORP COM COM 31428X106 619 4,297 SH   SOLE   4,297 0 0
FIRST INTERNET BANCORP COM COM 320557101 320 10,000 SH   SOLE   10,000 0 0
FLEXIBLE SOLUTIONS INTL INC COM COM 33938T104 288 300,000 SH   SOLE   300,000 0 0
FLEXSTEEL INDS INC COM COM 339382103 4,755 152,153 SH   SOLE   152,153 0 0
FOSTER L B CO COM COM 350060109 1,104 89,876 SH   SOLE   89,876 0 0
FUEL TECH INC COM COM 359523107 478 250,000 SH   SOLE   250,000 0 0
FURMANITE CORPORATION COM COM 361086101 3,489 573,871 SH   SOLE   573,871 0 0
GENCOR INDS INC COM COM 368678108 685 75,800 SH   SOLE   75,800 0 0
GENERAL ELECTRIC CO COM COM 369604103 470 18,651 SH   SOLE   18,651 0 0
GENERAL MLS INC COM COM 370334104 407 7,250 SH   SOLE   7,250 0 0
GLOBAL BRASS & COPPR HLDGS INC COM COM 37953G103 6,074 296,128 SH   SOLE   296,128 0 0
GLOBALSCAPE INC COM COM 37940G109 951 290,000 SH   SOLE   290,000 0 0
GP STRATEGIES CORP COM COM 36225V104 4,272 187,193 SH   SOLE   187,193 0 0
HALLADOR ENERGY COMPANY COM COM 40609P105 2,306 331,756 SH   SOLE   331,756 0 0
HANESBRANDS INC COM COM 410345102 324 11,200 SH   SOLE   11,200 0 0
HARDINGE INC COM COM 412324303 413 45,000 SH   SOLE   45,000 0 0
HENNESSY ADVISORS INC COM COM 425885100 2,951 124,218 SH   SOLE   124,218 0 0
HILL INTERNATIONAL INC COM COM 431466101 5,856 1,785,450 SH   SOLE   1,785,450 0 0
HOME DEPOT INC COM COM 437076102 370 3,200 SH   SOLE   3,200 0 0
HONEYWELL INTL INC COM COM 438516106 379 4,000 SH   SOLE   4,000 0 0
HOOPER HOLMES INC COM COM 439104100 120 1,053,500 SH   SOLE   1,053,500 0 0
HOPFED BANCORP INC COM COM 439734104 598 50,000 SH   SOLE   50,000 0 0
HUDSON TECHNOLOGIES INC COM COM 444144109 5,003 1,684,450 SH   SOLE   1,684,450 0 0
HURCO COMPANIES INC COM COM 447324104 656 25,000 SH   SOLE   25,000 0 0
ILLINOIS TOOL WKS INC COM COM 452308109 464 5,635 SH   SOLE   5,635 0 0
INFORMATION SERVICES GROUP INC COM COM 45675Y104 741 189,400 SH   SOLE   189,400 0 0
INNODATA INC COM NEW COM NEW 457642205 3,102 1,331,182 SH   SOLE   1,331,182 0 0
INTEGRATED SILICON SOLUTION COM COM 45812P107 4,319 201,000 SH   SOLE   201,000 0 0
INTEL CORP COM COM 458140100 379 12,585 SH   SOLE   12,585 0 0
INTEST CORP COM COM 461147100 759 180,700 SH   SOLE   180,700 0 0
INTUIT COM COM 461202103 251 2,830 SH   SOLE   2,830 0 0
INVESTORS BANCORP INC NEW COM COM 46146L101 135 10,900 SH   SOLE   10,900 0 0
IPASS INC COM COM 46261V108 2,618 2,699,133 SH   SOLE   2,699,133 0 0
ISHARES EUROPE ETF EUROPE ETF 464287861 1,846 46,375 SH   SOLE   46,375 0 0
ISHARES LATIN AMERICA 40 ETF LTN AMER 40 ETF 464287390 550 24,306 SH   SOLE   24,306 0 0
ISHARES MSCI EAFE ETF MSCI EAFE ETF 464287465 4,560 79,555 SH   SOLE   79,555 0 0
ISHARES MSCI EMERGING MARKETS ETF MSCI EMG MKT ETF 464287234 2,724 83,097 SH   SOLE   83,097 0 0
ISHARES RUSSELL 2000 ETF RUSSELL 2000 ETF 464287655 981 8,981 SH   SOLE   8,981 0 0
ISHARES S&P 500 GROWTH ETF S&P 500 GRWT ETF 464287309 2,045 18,970 SH   SOLE   18,970 0 0
ISHARES S&P 500 VALUE ETF S&P 500 VAL ETF 464287408 1,371 16,318 SH   SOLE   16,318 0 0
ISHARES S&P MIDCAP FUND CORE S&P MCP ETA 464287507 2,691 19,702 SH   SOLE   19,702 0 0
ISHARES S&P SMALL-CAP FUND CORE S&P SCP ETF 464287804 320 3,000 SH   SOLE   3,000 0 0
ITERIS INC COM COM 46564T107 812 330,020 SH   SOLE   330,020 0 0
JOHNSON & JOHNSON COM COM 478160104 471 5,044 SH   SOLE   5,044 0 0
JOHNSON CTLS INC COM COM 478366107 403 9,750 SH   SOLE   9,750 0 0
JONES LANG LASALLE INC COM COM 48020Q107 431 3,000 SH   SOLE   3,000 0 0
JPMORGAN CHASE & CO COM COM 46625H100 452 7,406 SH   SOLE   7,406 0 0
JUNIPER PHARMACEUTICALS INC COM COM 48203L107 1,096 93,000 SH   SOLE   93,000 0 0
KIMBERLY CLARK CORP COM COM 494368103 403 3,700 SH   SOLE   3,700 0 0
KINGSTONE COS INC COM COM 496719105 1,106 128,000 SH   SOLE   128,000 0 0
KIRKLANDS INC COM COM 497498105 3,770 175,000 SH   SOLE   175,000 0 0
KMG CHEMICALS INC COM COM 482564101 3,639 188,656 SH   SOLE   188,656 0 0
KROGER CO COM COM 501044101 413 11,450 SH   SOLE   11,450 0 0
KVH INDS INC COM COM 482738101 3,275 327,453 SH   SOLE   327,453 0 0
LANDEC CORP COM COM 514766104 4,116 352,700 SH   SOLE   352,700 0 0
LGI HOMES INC COM COM 50187T106 598 22,000 SH   SOLE   22,000 0 0
LIBBEY INC COM COM 529898108 322 9,861 SH   SOLE   9,861 0 0
LIBERATOR MEDICAL HLDGS INC COM COM 53012L108 2,717 1,156,000 SH   SOLE   1,156,000 0 0
LIBERTY TAX INC CL A CL A 53128T102 3,622 155,520 SH   SOLE   155,520 0 0
LIFEVANTAGE CORP COM NEW COM 53222K205 325 401,000 SH   SOLE   401,000 0 0
LSI INDS INC COM COM 50216C108 4,277 506,704 SH   SOLE   506,704 0 0
MACYS INC COM COM 55616P104 570 11,100 SH   SOLE   11,100 0 0
MAGICJACK VOCALTEC LTD SHS COM SHS M6787E101 936 105,000 SH   SOLE   105,000 0 0
MANITEX INTL INC COM COM 563420108 2,122 377,600 SH   SOLE   377,600 0 0
MATRIX SVC CO COM COM 576853105 4,771 212,343 SH   SOLE   212,343 0 0
MCKESSON CORP COM COM 58155Q103 746 4,033 SH   SOLE   4,033 0 0
MEDTRONIC PLC SHS SHS G5960L103 298 4,451 SH   SOLE   4,451 0 0
MEETME INC COM COM 585141104 526 333,000 SH   SOLE   333,000 0 0
MFRI INC COM COM 552721102 2,053 399,357 SH   SOLE   399,357 0 0
MILLER INDS INC TENN COM NEW COM NEW 600551204 4,326 221,370 SH   SOLE   221,370 0 0
MITCHAM INDS INC COM COM 606501104 533 141,000 SH   SOLE   141,000 0 0
MONMOUTH REAL ESTATE INVT CORP CL A CL A 609720107 4,102 420,678 SH   SOLE   420,678 0 0
MOTORCAR PTS AMER INC COM COM 620071100 6,973 222,511 SH   SOLE   222,511 0 0
MUELLER WTR PRODS INC COM SER A COM SER A 624758108 88 11,500 SH   SOLE   11,500 0 0
NAPCO SEC TECHNOLOGIES INC COM COM 630402105 666 110,000 SH   SOLE   110,000 0 0
NEVADA GOLD & CASINOS INC COM NEW COM NEW 64126Q206 526 350,000 SH   SOLE   350,000 0 0
NEWPARK RES INC COM PAR $.01NEW COM PAR $.01 NEW 651718504 371 72,400 SH   SOLE   72,400 0 0
NEWTEK BUSINESS SVCS CORP COM NEW COM NEW 652526203 6,685 406,890 SH   SOLE   406,890 0 0
NORTHERN TECH INTL CORP COM COM 665809109 3,822 245,300 SH   SOLE   245,300 0 0
NORTHWEST PIPE CO COM COM 667746101 1,802 137,967 SH   SOLE   137,967 0 0
NV5 HLDGS INC COM COM 62945V109 278 15,000 SH   SOLE   15,000 0 0
OMNOVA SOLUTIONS INC COM COM 682129101 2,372 428,238 SH   SOLE   428,238 0 0
OPPENHEIMER HLDGS INC CL A NON VOTING 683797104 4,725 236,130 SH   SOLE   236,130 0 0
ORACLE CORP COM COM 68389X105 446 12,355 SH   SOLE   12,355 0 0
ORBIT INTL CORP COM NEW COM NEW 685559304 572 190,000 SH   SOLE   190,000 0 0
ORCHIDS PAPER PRODS CO DEL COM COM 68572N104 6,102 233,796 SH   SOLE   233,796 0 0
PACIFIC PREMIER BANCORP COM COM 69478X105 1,118 55,000 SH   SOLE   55,000 0 0
PAYPAL HLDGS INC COM COM 70450Y103 400 12,885 SH   SOLE   12,885 0 0
PCM INC COM COM 69323K100 4,379 484,420 SH   SOLE   484,420 0 0
PC-TEL INC COM COM 69325Q105 3,672 611,000 SH   SOLE   611,000 0 0
PDF SOLUTIONS INC COM COM 693282105 2,308 230,800 SH   SOLE   230,800 0 0
PEOPLES BANCORP INC COM COM 709789101 2,326 111,900 SH   SOLE   111,900 0 0
PEPSICO INC COM COM 713448108 667 7,077 SH   SOLE   7,077 0 0
PERMIAN BASIN RTY TR UNIT BEN INT UNIT BEN INT 714236106 61 10,000 SH   SOLE   10,000 0 0
PFIZER INC COM COM 717081103 535 17,030 SH   SOLE   17,030 0 0
PGT INC COM COM 69336V101 3,951 321,750 SH   SOLE   321,750 0 0
PHI INC COM NON VTG COM NON VTG 69336T205 2,560 135,602 SH   SOLE   135,602 0 0
PHOTRONICS INC COM COM 719405102 5,961 658,000 SH   SOLE   658,000 0 0
PHYSICIANS RLTY TR COM COM 71943U104 4,532 300,330 SH   SOLE   300,330 0 0
PIONEER PWR SOLUTIONS INC COM NEW COM NEW 723836300 631 163,900 SH   SOLE   163,900 0 0
PNC FINL SVCS GROUP INC COM COM 693475105 214 2,400 SH   SOLE   2,400 0 0
POWERSHARES QQQ TRUST, SERIES 1 UNIT SER 1 73935A104 509 5,000 SH   SOLE   5,000 0 0
PROCTER & GAMBLE CO COM COM 742718109 429 5,966 SH   SOLE   5,966 0 0
PROFESSIONAL DIVERSITY NET INC COM COM 74312Y103 150 203,200 SH   SOLE   203,200 0 0
PRUDENTIAL FINL INC COM COM 744320102 427 5,605 SH   SOLE   5,605 0 0
QUMU CORP COM COM 749063103 48 12,400 SH   SOLE   12,400 0 0
RCM TECHNOLOGIES INC COM NEW COM NEW 749360400 161 32,672 SH   SOLE   32,672 0 0
RUCKUS WIRELESS INC COM COM 781220108 139 11,700 SH   SOLE   11,700 0 0
RUDOLPH TECHNOLOGIES INC COM COM 781270103 4,888 392,609 SH   SOLE   392,609 0 0
S L INDS INC COM COM 784413106 1,450 42,634 SH   SOLE   42,634 0 0
SANFILIPPO JOHN B & SON INC COM COM 800422107 9,251 180,470 SH   SOLE   180,470 0 0
SCHNITZER STL INDS CL A CL A 806882106 1,700 125,559 SH   SOLE   125,559 0 0
SCORPIO TANKERS INC SHS SHS Y7542C106 126 13,700 SH   SOLE   13,700 0 0
SHILOH INDS INC COM COM 824543102 1,384 170,840 SH   SOLE   170,840 0 0
SILVERCREST ASSET MGMT GROUP I CL A CL A 828359109 3,385 313,106 SH   SOLE   313,106 0 0
SIZMEK INC COM COM 83013P105 3,091 516,081 SH   SOLE   516,081 0 0
SKYWORKS SOLUTIONS INC COM COM 83088M102 827 9,825 SH   SOLE   9,825 0 0
SMARTPROS LTD COM COM 83171G103 372 139,827 SH   SOLE   139,827 0 0
SORL AUTO PTS INC COM COM 78461U101 189 106,900 SH   SOLE   106,900 0 0
SOUTHWEST AIRLS CO COM COM 844741108 861 22,646 SH   SOLE   22,646 0 0
SPARTON CORP COM COM 847235108 2,553 119,300 SH   SOLE   119,300 0 0
SPDR GOLD SHARES GOLD SHS 78463V107 662 6,191 SH   SOLE   6,191 0 0
SPDR S&P 500 TRUST TR UNIT 78462F103 4,257 22,212 SH   SOLE   22,212 0 0
STEALTHGAS INC SHS SHS Y81669106 2,523 561,888 SH   SOLE   561,888 0 0
STONERIDGE INC COM COM 86183P102 3,085 250,000 SH   SOLE   250,000 0 0
STRYKER CORP COM COM 863667101 660 7,012 SH   SOLE   7,012 0 0
SUPERIOR UNIFORM GP INC COM COM 868358102 2,701 150,630 SH   SOLE   150,630 0 0
SUPREME INDS INC CL A CL A 868607102 1,000 120,000 SH   SOLE   120,000 0 0
SYNERON MEDICAL LTD ORD SHS ORD SHS M87245102 2,860 400,000 SH   SOLE   400,000 0 0
SYSTEMAX INC COM COM 871851101 2,530 337,800 SH   SOLE   337,800 0 0
TECNOGLASS INC SHS SHS G87264100 167 12,200 SH   SOLE   12,200 0 0
TEXAS INSTRS INC COM COM 882508104 523 10,555 SH   SOLE   10,555 0 0
THESTREET.COM INC COM 88368Q103 605 362,347 SH   SOLE   362,347 0 0
3M CO COM COM 88579Y101 768 5,420 SH   SOLE   5,420 0 0
TOR MINERALS INTL INC COM NEW COM NEW 890878309 237 46,700 SH   SOLE   46,700 0 0
TRANSCAT INC COM COM 893529107 507 51,953 SH   SOLE   51,953 0 0
TRECORA RES COM COM 894648104 2,839 228,557 SH   SOLE   228,557 0 0
TRINITY BIOTECH PLC SPON ADR NEW SPON ADR NEW 896438306 3,110 271,860 SH   SOLE   271,860 0 0
TRISTATE CAP HLDGS INC COM COM 89678F100 5,303 425,250 SH   SOLE   425,250 0 0
TRIUMPH BANCORP INC COM COM 89679E300 4,626 275,380 SH   SOLE   275,380 0 0
TSAKOS ENERGY NAVIGATION LTD SHS SHS G9108L108 112 13,800 SH   SOLE   13,800 0 0
U.S. AUTO PARTS NETWORK INC COM COM 90343C100 376 200,000 SH   SOLE   200,000 0 0
ULTRA CLEAN HLDGS INC COM COM 90385V107 517 90,000 SH   SOLE   90,000 0 0
ULTRALIFE CORP COM COM 903899102 471 80,000 SH   SOLE   80,000 0 0
UMH PPTYS INC COM COM 903002103 1,728 185,797 SH   SOLE   185,797 0 0
UNIQUE FABRICATING INC COM COM 90915J103 807 72,697 SH   SOLE   72,697 0 0
UNITED INS HLDGS CORP COM COM 910710102 4,861 369,659 SH   SOLE   369,659 0 0
UNITEDHEALTH GROUP INC COM COM 91324P102 400 3,450 SH   SOLE   3,450 0 0
UNIVERSAL ELECTRS INC COM COM 913483103 3,816 90,800 SH   SOLE   90,800 0 0
URANIUM ENERGY CORP COM COM 916896103 270 270,000 SH   SOLE   270,000 0 0
USA TECHNOLOGIES INC COM NO PAR COM NO PAR 90328S500 1,320 530,000 SH   SOLE   530,000 0 0
VANGUARD HEALTH CARE INDEX FUND HEALTH CAR ETF 92204A504 2,509 20,468 SH   SOLE   20,468 0 0
VANGUARD SHORT-TERM BOND INDEX FUND SHORT TRM BOND 921937827 2,564 31,889 SH   SOLE   31,889 0 0
VASCO DATA SEC INTL INC COM COM 92230Y104 1,989 116,700 SH   SOLE   116,700 0 0
VERITEX HLDGS INC COM COM 923451108 1,082 69,300 SH   SOLE   69,300 0 0
WAL-MART STORES INC COM COM 931142103 314 4,840 SH   SOLE   4,840 0 0
WEYCO GROUP INC COM COM 962149100 3,432 126,905 SH   SOLE   126,905 0 0
WHITESTONE REIT COM COM 966084204 3,995 346,472 SH   SOLE   346,472 0 0
WIDEPOINT CORP COM COM 967590100 444 505,000 SH   SOLE   505,000 0 0
WILLAMETTE VY VINEYARD INC COM COM 969136100 877 131,400 SH   SOLE   131,400 0 0
WILLDAN GROUP INC COM COM 96924N100 710 70,000 SH   SOLE   70,000 0 0
WISDOMTREE EUROPE SMALLCAP DIVIDEND FUND EUROPE SMCP DV 97717W869 1,372 25,489 SH   SOLE   25,489 0 0
WISDOMTREE LARGECAP DIVIDEND FUND LARGECAP DIVID 97717W307 2,108 31,322 SH   SOLE   31,322 0 0
XCEL BRANDS INC COM NEW COM 98400M101 485 56,438 SH   SOLE   56,438 0 0
XENITH BANKSHARES INC COM COM NEW 98410X105 441 69,000 SH   SOLE   69,000 0 0
XPLORE TECHNOLOGIES CORP COM PAR $0.001 COM PAR $0.001 983950700 567 107,000 SH   SOLE   107,000 0 0
YUM BRANDS INC COM COM 988498101 696 8,700 SH   SOLE   8,700 0 0
ZIX CORP COM COM 98974P100 4,355 1,034,443 SH   SOLE   1,034,443 0 0