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
NOVARTIS AG-SPONSORED ADR COM 66987V109 1,468 17,100 SH   SOLE   0 17,100 0
TEEKAY OFFSHORE PARTNERS LP COM Y8565J101 194 81,500 SH   SOLE   0 81,500 0
FRANKLIN NEW YORK TAX FREE COM 354130106 288 25,938 SH   SOLE   0 25,938 0
ABBVIE INC. COM COM 00287Y109 982 11,050 SH   SOLE   0 11,050 0
AERIE PHARMACEUTICALS COM COM 00771V108 1,429 29,400 SH   SOLE   0 29,400 0
ALIBABA GROUP HLDG LTD SPONSOR COM 01609w102 1,031 5,970 SH   SOLE   0 5,970 0
ALLY FINANCIAL INC COM 02005N100 364 15,000 SH   SOLE   15,000 0 0
ALPHABET INC CAP STK CL C COM 02079k107 575 600 SH   SOLE   600 0 0
AMAZON COM INC COM COM 023135106 310 322 SH   SOLE   0 322 0
AMERICAN INTERNATIONAL GROUP COM 026874784 368 6,000 SH   SOLE   5,000 1,000 0
AMERICAN TEL & TEL CO COM 00206R102 1,277 32,608 SH   SOLE   0 32,608 0
AMGEN INC COM 031162100 653 3,500 SH   SOLE   3,000 500 0
ANNALY MTG MGMT INC COM COM 035710409 267 21,900 SH   SOLE   0 21,900 0
APPLE COMPUTER INC W/RTS COM 037833100 2,152 13,961 SH   SOLE   0 13,961 0
APPLIED DNA SCIENCES I COM NEW COM 03815U201 143 50,000 SH   SOLE   0 50,000 0
ARBOR RLTY TR INC COM COM 038923108 3,242 395,419 SH   SOLE   0 395,419 0
BARCLAYS BK PLC IPATH S&P500 V COM 06746l422 217 5,534 SH   SOLE   2,210 3,074 250
BERKSHIRE HATHAWAY INC COM 084670108 3,022 11 SH   SOLE   0 11 0
BERKSHIRE HATHAWAY INC-DEL COM 084670702 422 2,300 SH   SOLE   0 2,300 0
BIOSCRIP INC COM COM 09069n108 96 35,000 SH   SOLE   0 35,000 0
BRISTOL-MYERS SQUIBB CO COM 110122108 6,249 98,034 SH   SOLE   3,500 93,734 800
CAPITAL PRODUCT PARTNE COM UNI COM Y11082107 486 138,780 SH   SOLE   0 138,780 0
CBS CORP NEW CL B COM 124857202 296 5,100 SH   SOLE   0 5,100 0
CELLDEX THERAPEUTICS I COM COM 15117b103 185 64,800 SH   SOLE   0 64,800 0
CHEMBIO DIAGNOSTICS IN COM NEW COM 163572209 204 32,900 SH   SOLE   32,900 0 0
CHIMERA INVT CORP COM NEW COM 16934q208 2,028 107,180 SH   SOLE   0 104,180 3,000
CISCO SYSTEMS INC COM 17275R102 767 22,800 SH   SOLE   0 22,800 0
CITIGROUP INC COM 172967424 2,205 30,320 SH   SOLE   6,000 24,120 200
COACH INC COM COM 189754104 1,632 40,520 SH   SOLE   0 40,520 0
COGNIZANT TECH SOLUTNS CL A COM 192446102 555 7,650 SH   SOLE   0 7,650 0
COLGATE PALMOLIVE CO COM 194162103 364 5,000 SH   SOLE   0 5,000 0
COLONY NORTHSTAR INC CL A COM COM 19625w104 2,371 188,769 SH   SOLE   0 183,984 4,785
CONNECTONE BANCORP INC COM COM 20786W107 202 8,206 SH   SOLE   0 8,206 0
CONOCO PHILLIPS COM 20825C104 553 11,050 SH   SOLE   0 11,050 0
CORENERGY INFRASTRUCTU COM NEW COM 21870u502 621 17,558 SH   SOLE   0 17,158 400
CPI AEROSTRUCTURES INC COM NEW COM 125919308 378 40,400 SH   SOLE   0 40,400 0
DARLING INTL INC COM COM 237266101 333 19,000 SH   SOLE   19,000 0 0
DEVON ENERGY CORP COM 25179M103 1,533 41,753 SH   SOLE   3,000 37,953 800
FACEBOOK INC CL A COM 30303M102 607 3,550 SH   SOLE   0 3,550 0
FEDEX CORP COM 31428X106 259 1,150 SH   SOLE   0 1,150 0
GALECTIN THERAPEUTICS INC COM 363225202 416 194,200 SH   SOLE   0 194,200 0
GENERAL DYNAMICS CORP W/RTS TO COM 369550108 308 1,500 SH   SOLE   1,500 0 0
GENERAL ELECTRIC CO COM 369604103 890 36,800 SH   SOLE   0 36,800 0
GENERAL MOTORS CO COM 37045V100 5,575 138,068 SH   SOLE   9,000 126,968 2,100
GLOBAL ENERGY HLDGS GR COM COM 37991A100 0 69,447 SH   SOLE   0 69,447 0
GLOBAL SHIP LEASE INC SHS A COM y27183105 90 57,350 SH   SOLE   0 57,350 0
HC2 HLDGS INC COM COM 404139107 211 40,000 SH   SOLE   40,000 0 0
HCP INC COM COM 40414L109 800 28,750 SH   SOLE   0 28,750 0
HERCULES TECHNOLOGY GROWTH COM 427096508 3,188 247,162 SH   SOLE   25,000 220,473 1,689
HOUSTON AMERN ENERGY C COM COM 44183U100 785 1,569,459 SH   SOLE   0 1,569,459 0
ISHARES TR CORE HIGH DV ETF COM 46429b663 206 2,400 SH   SOLE   0 2,400 0
ISHARES TR EUROPE ETF COM 464287861 1,174 25,045 SH   SOLE   0 24,970 75
ISHARES TR MTG REL ETF NEW COM 46435g342 990 21,137 SH   SOLE   0 21,137 0
ISHARES TR S&P 100 IDX FD COM 464287101 429 3,850 SH   SOLE   0 3,850 0
ISHARES U.S. PFD STK ETF COM 464288687 229 5,900 SH   SOLE   0 5,900 0
ISTAR FINANCIAL INC COM 45031U101 602 51,050 SH   SOLE   0 50,050 1,000
JOHNSON CTLS INTL PLC SHS COM g51502105 629 15,600 SH   SOLE   0 15,600 0
KENNEDY - WILSON HOLDINGS INC. COM 489398107 603 32,500 SH   SOLE   32,500 0 0
KKR & CO L P DEL COM UNITS COM 48248M102 3,252 159,958 SH   SOLE   12,000 145,958 2,000
KRATOS DEFENSE & SECURITY COM 50077B207 170 13,000 SH   SOLE   13,000 0 0
MACYS INC COM COM 55616p104 1,335 61,200 SH   SOLE   6,500 54,000 700
MCDONALDS CORP. COM 580135101 217 1,384 SH   SOLE   0 1,384 0
MEDICAL PPTYS TR INC COM COM 58463J304 3,044 231,850 SH   SOLE   0 230,650 1,200
MERCK & CO INC COM 58933Y105 1,044 16,300 SH   SOLE   0 16,300 0
MFA FINANCIAL INC COM 55272X102 2,054 234,522 SH   SOLE   0 231,422 3,100
MFS CHARTER INCOME TRUST-SBI COM 552727109 391 45,150 SH   SOLE   0 44,650 500
MICROSOFT CORP COM 594918104 3,230 43,365 SH   SOLE   12,000 30,465 900
MONDELEZ INTL INC CL A COM 609207105 2,420 59,523 SH   SOLE   0 58,023 1,500
MONMOUTH REAL ESTATE INVT CORP COM 609720107 1,536 94,900 SH   SOLE   0 93,400 1,500
NASDAQ 100 SHARES COM 73935A104 315 2,165 SH   SOLE   0 2,165 0
NETFLIX INC COM COM 64110l106 617 3,400 SH   SOLE   0 3,400 0
NUVERRA ENVIRONMENTAL SHS COM 67091k302 0 38,980 SH   SOLE   0 38,980 0
OMEGA HEALTHCARE INVS COM COM 681936100 797 24,975 SH   SOLE   0 24,975 0
PEMBINA PIPELINE CORP COM COM 706327103 204 5,800 SH   SOLE   0 5,800 0
PFIZER INC. COM 717081103 3,951 110,675 SH   SOLE   7,500 100,975 2,200
PICO HOLDINGS INC COM 693366205 438 26,207 SH   SOLE   26,207 0 0
PLATFORM SPECIALTY PRO COM COM 72766q105 139 12,500 SH   SOLE   12,500 0 0
POWERSHARES ETF TRUST AERSPC D COM 73935x690 226 4,400 SH   SOLE   0 4,400 0
PRESIDENTIAL RLTY NEW CL B COM 741004204 6 74,000 SH   SOLE   0 74,000 0
PROCTER & GAMBLE CO COM 742718109 1,228 13,500 SH   SOLE   0 13,500 0
PROSHARES TR PSHS ULTSH TR TRE COM 74347B201 249 7,000 SH   SOLE   7,000 0 0
READING INTERNATINAL CL A COM 755408101 434 27,600 SH   SOLE   15,000 12,600 0
REAL INDUSTRY INC COM 75601W104 58 32,500 SH   SOLE   32,500 0 0
RED LION HOTELS CORP COM 756764106 2,101 242,941 SH   SOLE   93,500 145,541 3,900
REDWOOD TR INC COM COM 758075402 1,702 104,467 SH   SOLE   0 101,967 2,500
RELM WIRELESS CORP COM COM 759525108 5,500 1,527,673 SH   SOLE   0 1,527,673 0
RETAIL OPPORTUNITY INVESTMEN COM 76131N101 456 24,000 SH   SOLE   15,000 9,000 0
ROCKWELL MED INC COM COM 774374102 192 22,400 SH   SOLE   0 22,400 0
ROYAL GOLD INC COM 780287108 533 6,200 SH   SOLE   1,000 5,200 0
SANOFI SPONSORED ADR COM 80105n105 578 11,600 SH   SOLE   0 11,600 0
SAREPTA THERAPEUTICS I COM COM 803607100 925 20,400 SH   SOLE   0 20,400 0
SECTOR SPDR TR SBI INT-ENERGY COM 81369Y506 405 5,918 SH   SOLE   0 5,918 0
SELECT INCOME REIT COM SH BEN COM 81618T100 1,720 73,450 SH   SOLE   0 72,650 800
SELECT SECTOR SPDR TR SBI HEAL COM 81369y209 280 3,425 SH   SOLE   0 3,425 0
SPDR GOLD TRUST GOLD SHS COM 78463v107 491 4,035 SH   SOLE   4,000 35 0
SPROTT PHYSICAL GOLD UNIT COM 85207H104 2,972 284,671 SH   SOLE   0 277,271 7,400
TEEKAY SHIPPNG MARS IS COM COM Y8564W103 259 29,000 SH   SOLE   27,500 1,500 0
TRINITY BIOTECH PLC-SPON ADR COM 896438306 213 37,882 SH   SOLE   10,000 26,882 1,000
TWO HBRS INVT CORP COM COM 90187B101 151 15,000 SH   SOLE   0 15,000 0
VANGUARD INDEX FDS REIT ETF COM 922908553 371 4,465 SH   SOLE   0 4,465 0
VANGUARD INDEX FDS STK MRK ETF COM 922908769 321 2,480 SH   SOLE   0 2,480 0
VANGUARD INTL EQTY IDX MSCI EU COM 922042874 435 7,450 SH   SOLE   0 7,450 0
VERIZON COMMUNICATIONS COM 92343V104 336 6,783 SH   SOLE   0 6,783 0
VERTEX ENERGY INC COM COM 92534K107 296 389,669 SH   SOLE   0 389,669 0
VIASAT INC COM 92552V100 1,257 19,550 SH   SOLE   3,000 16,350 200
VOLT INFO SCIENCES INC COM 928703107 1,043 331,192 SH   SOLE   71,500 252,192 7,500
WALGREENS BOOTS ALLIAN COM COM 931427108 2,436 31,550 SH   SOLE   5,000 26,050 500
WALT DISNEY CO W/RTS TO PUR COM 254687106 350 3,550 SH   SOLE   0 3,550 0
WISDOMTREE TR EMERG MKTS ETF COM 97717W315 593 13,799 SH   SOLE   0 13,699 100
WISDOMTREE TR JAPN HEDGE EQT COM 97717w851 1,954 35,730 SH   SOLE   0 34,280 1,450
XPO LOGISTICS INC COM COM 983793100 339 5,000 SH   SOLE   0 5,000 0
SEASPAN CORPORATION CUM RED PRD Y75638208 720 30,050 SH   SOLE   0 30,050 0
TSAKOS ENERGY NAVIGATION LT PRD G9108L124 264 10,300 SH   SOLE   0 10,300 0
B RILEY FINL INC SR NT 27 PRD 05580m306 370 14,447 SH   SOLE   0 12,447 2,000
CHS INC 8.00 CUM REDEEMABLE PFD PRD 12542R209 1,169 39,407 SH   SOLE   0 37,307 2,100
GOLDMAN SACHS GROUP INC 6.20 PRD 38144X500 320 12,200 SH   SOLE   0 12,200 0
GOLDMAN SACHS GROUP PFD A 1/10 PRD 38143Y665 1,001 42,069 SH   SOLE   0 40,569 1,500
METLIFE INC PFD A FLT RATE PRD 59156R504 579 23,100 SH   SOLE   0 22,300 800
MORGAN STANLEY DEP SHS REPSTG PRD 61747S504 475 20,605 SH   SOLE   0 19,405 1,200
ABERDEEN ASIA PAC INCM COM COM 003009107 173 33,500 SH   SOLE   0 33,500 0
ALLIANCEBERNSTEIN MUN N Y PTFL COM 018642207 296 29,597 SH   SOLE   0 29,597 0
BLACKROCK CORE BD TR SHS BEN I COM 09249E101 1,126 80,054 SH   SOLE   0 80,054 0
BLACKROCK MUNIHLDNGS C COM COM 09254L107 474 32,000 SH   SOLE   0 32,000 0
BLACKSTONE GSO RTE FND COM COM 09256U105 1,300 73,928 SH   SOLE   0 72,928 1,000
BOULDER GROWTH & INCOM COM COM 101507101 1,306 128,000 SH   SOLE   0 123,500 4,500
EATON VANCE MUNS TR EV NY MUN COM 27826l322 143 14,147 SH   SOLE   0 14,147 0
FPA NEW INCOME INC COM COM 302544101 219 21,805 SH   SOLE   0 21,805 0
KAYNE ANDERSON MLP INV COM COM 486606106 258 14,200 SH   SOLE   0 14,200 0
LEUTHOLD FDS INC GRIZZLY SHORT COM 527289300 1,419 264,300 SH   SOLE   0 256,800 7,500
LORD ABBETT INVT TR SH DURA IN COM 543916464 150 35,012 SH   SOLE   0 35,012 0
LORD ABBETT MUNI INCOM N Y SER COM 543902209 206 18,173 SH   SOLE   0 18,173 0
MFS INTER INCOME FD SH BEN INT COM 55273C107 284 66,300 SH   SOLE   0 66,300 0
NUVEEN DOW 30 DYNAMIC OVERWRIT COM 67075f105 707 41,693 SH   SOLE   0 41,693 0
NUVEEN PA INVT QUALITY COM COM 670972108 225 16,600 SH   SOLE   0 16,600 0
PIMCO DYNAMIC CR INCOM COM SHS COM 72202D106 355 15,400 SH   SOLE   0 15,400 0
RIVERPARK FDS TR STRAT INC RTA COM 76882k751 100 10,526 SH   SOLE   0 10,526 0
TEMPLETON INCOME TR GLO TOTRTN COM 880208855 863 69,951 SH   SOLE   0 69,951 0
VANGUARD FXD INC SECS SHTM INV COM 922031406 109 10,225 SH   SOLE   0 10,225 0
BIOLINERX LTD SPONSORED ADR ADR 09071M106 164 146,000 SH   SOLE   0 146,000 0
TEVA PHARMACEUTCL INDS ADR ADR 881624209 525 29,844 SH   SOLE   0 29,844 0
AGROFRESH SOLUTIONS WT EXP 021 WT 00856G117 7 12,000 SH   SOLE   12,000 0 0
GM 10JUL19 18.33 C Option 37045V126 467 20,846 SH Call SOLE   12,945 7,901 0