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        <nameOfIssuer>1-800-FLOWERS.COM INC-CL A</nameOfIssuer>
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        <cusip>68243Q106</cusip>
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            <Sole>105800</Sole>
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            <None>0</None>
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        <nameOfIssuer>3D SYSTEMS CORP</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>88554D205</cusip>
        <value>75200</value>
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            <sshPrnamt>40000</sshPrnamt>
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            <Sole>40000</Sole>
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            <None>0</None>
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        <nameOfIssuer>A10 NETWORKS INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>002121101</cusip>
        <value>832320</value>
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            <sshPrnamt>36000</sshPrnamt>
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        <votingAuthority>
            <Sole>36000</Sole>
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            <None>0</None>
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        <nameOfIssuer>ACCURAY INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>004397105</cusip>
        <value>6986</value>
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            <sshPrnamt>18000</sshPrnamt>
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            <Sole>18000</Sole>
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            <None>0</None>
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        <nameOfIssuer>ACME UNITED CORP</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>004816104</cusip>
        <value>449100</value>
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            <Sole>10000</Sole>
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            <None>0</None>
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        <nameOfIssuer>ALLIENT INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>019330109</cusip>
        <value>2718140</value>
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            <Sole>46000</Sole>
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            <None>0</None>
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        <nameOfIssuer>AMERICAN OUTDOOR BRANDS INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>02875D109</cusip>
        <value>1092378</value>
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            <Sole>116957</Sole>
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        <nameOfIssuer>AMPCO-PITTSBURGH CORP</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>032037103</cusip>
        <value>873600</value>
        <shrsOrPrnAmt>
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            <Sole>130000</Sole>
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            <None>0</None>
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        <nameOfIssuer>ANTERIX INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>03676C100</cusip>
        <value>2024070</value>
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            <sshPrnamt>53000</sshPrnamt>
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            <Sole>53000</Sole>
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            <None>0</None>
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        <nameOfIssuer>ARKO CORP</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>041242108</cusip>
        <value>639400</value>
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            <sshPrnamt>115000</sshPrnamt>
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        <votingAuthority>
            <Sole>115000</Sole>
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            <None>0</None>
        </votingAuthority>
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        <nameOfIssuer>ARLO TECHNOLOGIES INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>04206A101</cusip>
        <value>882260</value>
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            <sshPrnamt>62000</sshPrnamt>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>62000</Sole>
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            <None>0</None>
        </votingAuthority>
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        <nameOfIssuer>ARTESIAN RESOURCES CORP-CL A</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>043113208</cusip>
        <value>997542</value>
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            <sshPrnamt>31320</sshPrnamt>
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            <Sole>31320</Sole>
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            <None>0</None>
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        <nameOfIssuer>ASTEC INDUSTRIES INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>046224101</cusip>
        <value>1981312</value>
        <shrsOrPrnAmt>
            <sshPrnamt>36800</sshPrnamt>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>36800</Sole>
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            <None>0</None>
        </votingAuthority>
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        <nameOfIssuer>ASTRONICS CORP</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>046433108</cusip>
        <value>3803610</value>
        <shrsOrPrnAmt>
            <sshPrnamt>57000</sshPrnamt>
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        <votingAuthority>
            <Sole>57000</Sole>
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            <None>0</None>
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        <nameOfIssuer>ATLANTIC AMERICAN CORP</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>048209100</cusip>
        <value>44270</value>
        <shrsOrPrnAmt>
            <sshPrnamt>19000</sshPrnamt>
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        <votingAuthority>
            <Sole>19000</Sole>
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            <None>0</None>
        </votingAuthority>
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        <nameOfIssuer>ATLANTIC UNION BANKSHARES CO</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>04911A107</cusip>
        <value>1072200</value>
        <shrsOrPrnAmt>
            <sshPrnamt>30000</sshPrnamt>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>30000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
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        <nameOfIssuer>BADGER METER INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>056525108</cusip>
        <value>495138</value>
        <shrsOrPrnAmt>
            <sshPrnamt>3250</sshPrnamt>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>3250</Sole>
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            <None>0</None>
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        <nameOfIssuer>BELLRING BRANDS INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>07831C103</cusip>
        <value>160900</value>
        <shrsOrPrnAmt>
            <sshPrnamt>10000</sshPrnamt>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>10000</Sole>
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            <None>0</None>
        </votingAuthority>
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        <nameOfIssuer>CALAVO GROWERS INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>128246105</cusip>
        <value>1774352</value>
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            <sshPrnamt>68800</sshPrnamt>
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        <investmentDiscretion>SOLE</investmentDiscretion>
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            <Sole>68800</Sole>
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            <None>0</None>
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        <nameOfIssuer>CALIFORNIA WATER SERVICE GRP</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>130788102</cusip>
        <value>909520</value>
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            <Sole>20060</Sole>
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            <None>0</None>
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        <nameOfIssuer>CAPITAL CITY BANK GROUP INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>139674105</cusip>
        <value>2933550</value>
        <shrsOrPrnAmt>
            <sshPrnamt>67500</sshPrnamt>
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            <Sole>67500</Sole>
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            <None>0</None>
        </votingAuthority>
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        <nameOfIssuer>CASELLA WASTE SYSTEMS INC-A</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>147448104</cusip>
        <value>786259</value>
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            <Sole>9910</Sole>
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        <nameOfIssuer>CITIZENS &amp; NORTHERN CORP</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>172922106</cusip>
        <value>268080</value>
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            <sshPrnamt>12000</sshPrnamt>
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        <votingAuthority>
            <Sole>12000</Sole>
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            <None>0</None>
        </votingAuthority>
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        <nameOfIssuer>COMMERCIAL VEHICLE GROUP INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>202608105</cusip>
        <value>150817</value>
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            <sshPrnamt>44228</sshPrnamt>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>44228</Sole>
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            <None>0</None>
        </votingAuthority>
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        <nameOfIssuer>CONSOLIDATED WATER CO-ORD SH</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>G23773107</cusip>
        <value>1006848</value>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>30400</Sole>
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            <None>0</None>
        </votingAuthority>
    </infoTable>
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        <nameOfIssuer>CORE MOLDING TECHNOLOGIES IN</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>218683100</cusip>
        <value>1587936</value>
        <shrsOrPrnAmt>
            <sshPrnamt>70890</sshPrnamt>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>70890</Sole>
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            <None>0</None>
        </votingAuthority>
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        <nameOfIssuer>CTS CORP</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>126501105</cusip>
        <value>2152591</value>
        <shrsOrPrnAmt>
            <sshPrnamt>45071</sshPrnamt>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>45071</Sole>
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            <None>0</None>
        </votingAuthority>
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    <infoTable>
        <nameOfIssuer>DAWSON GEOPHYSICAL CO</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>239360100</cusip>
        <value>69200</value>
        <shrsOrPrnAmt>
            <sshPrnamt>20000</sshPrnamt>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>20000</Sole>
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            <None>0</None>
        </votingAuthority>
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        <nameOfIssuer>DHI GROUP INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>23331S100</cusip>
        <value>126450</value>
        <shrsOrPrnAmt>
            <sshPrnamt>45000</sshPrnamt>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>45000</Sole>
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            <None>0</None>
        </votingAuthority>
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        <nameOfIssuer>DIGI INTERNATIONAL INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>253798102</cusip>
        <value>385600</value>
        <shrsOrPrnAmt>
            <sshPrnamt>8000</sshPrnamt>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>8000</Sole>
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            <None>0</None>
        </votingAuthority>
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        <nameOfIssuer>DISTRIBUTION SOLUTIONS GROUP</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>520776105</cusip>
        <value>2453440</value>
        <shrsOrPrnAmt>
            <sshPrnamt>93500</sshPrnamt>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>93500</Sole>
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            <None>0</None>
        </votingAuthority>
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        <nameOfIssuer>DUCOMMUN INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>264147109</cusip>
        <value>2379000</value>
        <shrsOrPrnAmt>
            <sshPrnamt>19500</sshPrnamt>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>19500</Sole>
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            <None>0</None>
        </votingAuthority>
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        <nameOfIssuer>EASTERN CO/THE</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>276317104</cusip>
        <value>2604888</value>
        <shrsOrPrnAmt>
            <sshPrnamt>128700</sshPrnamt>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>128700</Sole>
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            <None>0</None>
        </votingAuthority>
    </infoTable>
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        <nameOfIssuer>ELECTROMED INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>285409108</cusip>
        <value>468200</value>
        <shrsOrPrnAmt>
            <sshPrnamt>20000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>20000</Sole>
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            <None>0</None>
        </votingAuthority>
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        <nameOfIssuer>ENERGY RECOVERY INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>29270J100</cusip>
        <value>271890</value>
        <shrsOrPrnAmt>
            <sshPrnamt>27000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>27000</Sole>
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            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>ENTRAVISION COMMUNICATIONS-A</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>29382R107</cusip>
        <value>237600</value>
        <shrsOrPrnAmt>
            <sshPrnamt>80000</sshPrnamt>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>80000</Sole>
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            <None>0</None>
        </votingAuthority>
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    <infoTable>
        <nameOfIssuer>EW SCRIPPS CO NEW</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>811054402</cusip>
        <value>762600</value>
        <shrsOrPrnAmt>
            <sshPrnamt>205000</sshPrnamt>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>205000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>EXELIXIS INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>30161Q104</cusip>
        <value>1951495</value>
        <shrsOrPrnAmt>
            <sshPrnamt>45500</sshPrnamt>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>45500</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
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        <nameOfIssuer>FARMER BROS CO</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>307675108</cusip>
        <value>27940</value>
        <shrsOrPrnAmt>
            <sshPrnamt>22000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>22000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
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    <infoTable>
        <nameOfIssuer>FARMERS NATL BANC CORP</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>309627107</cusip>
        <value>497448</value>
        <shrsOrPrnAmt>
            <sshPrnamt>37800</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>37800</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
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    <infoTable>
        <nameOfIssuer>FEDERAL SIGNAL CORP</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>313855108</cusip>
        <value>400118</value>
        <shrsOrPrnAmt>
            <sshPrnamt>3700</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>3700</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>FLUSHING FINANCIAL CORP</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>343873105</cusip>
        <value>1382400</value>
        <shrsOrPrnAmt>
            <sshPrnamt>90000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>90000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>FNB CORP</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>302520101</cusip>
        <value>1178760</value>
        <shrsOrPrnAmt>
            <sshPrnamt>70500</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>70500</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>FOSTER (LB) CO-A</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>350060109</cusip>
        <value>2752084</value>
        <shrsOrPrnAmt>
            <sshPrnamt>98641</sshPrnamt>
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        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>98641</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>FREQUENCY ELECTRONICS INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>358010106</cusip>
        <value>212448</value>
        <shrsOrPrnAmt>
            <sshPrnamt>4800</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>4800</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
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    <infoTable>
        <nameOfIssuer>FRP HOLDINGS INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>30292L107</cusip>
        <value>765800</value>
        <shrsOrPrnAmt>
            <sshPrnamt>35000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>35000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>FS BANCORP INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>30263Y104</cusip>
        <value>810390</value>
        <shrsOrPrnAmt>
            <sshPrnamt>21000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>21000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>GARRETT MOTION INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>366505105</cusip>
        <value>726800</value>
        <shrsOrPrnAmt>
            <sshPrnamt>40000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>40000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>GENCOR INDUSTRIES INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>368678108</cusip>
        <value>3715500</value>
        <shrsOrPrnAmt>
            <sshPrnamt>247700</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>247700</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
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    <infoTable>
        <nameOfIssuer>GENIUS SPORTS LTD</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>G3934V109</cusip>
        <value>88600</value>
        <shrsOrPrnAmt>
            <sshPrnamt>20000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>20000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>GIBRALTAR INDUSTRIES INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>374689107</cusip>
        <value>2073240</value>
        <shrsOrPrnAmt>
            <sshPrnamt>52000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>52000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>GOLDEN ENTERTAINMENT INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>381013101</cusip>
        <value>1334500</value>
        <shrsOrPrnAmt>
            <sshPrnamt>50000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>50000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>GORMAN-RUPP CO</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>383082104</cusip>
        <value>2497626</value>
        <shrsOrPrnAmt>
            <sshPrnamt>40200</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>40200</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>GRAHAM CORP</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>384556106</cusip>
        <value>1680996</value>
        <shrsOrPrnAmt>
            <sshPrnamt>21300</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>21300</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>GRANITE CONSTRUCTION INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>387328107</cusip>
        <value>419580</value>
        <shrsOrPrnAmt>
            <sshPrnamt>3500</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>3500</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>GRAY MEDIA INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>389375106</cusip>
        <value>1027452</value>
        <shrsOrPrnAmt>
            <sshPrnamt>236740</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>236740</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>GRAY MEDIA INC-A</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>389375205</cusip>
        <value>1079670</value>
        <shrsOrPrnAmt>
            <sshPrnamt>87000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>87000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>GYRODYNE LLC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>403829104</cusip>
        <value>146340</value>
        <shrsOrPrnAmt>
            <sshPrnamt>18000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>18000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>HANOVER BANCORP INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>410709109</cusip>
        <value>291465</value>
        <shrsOrPrnAmt>
            <sshPrnamt>13500</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>13500</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>HAWKINS INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>420261109</cusip>
        <value>660480</value>
        <shrsOrPrnAmt>
            <sshPrnamt>4300</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>4300</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>HUNTINGTON BANCSHARES INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>446150104</cusip>
        <value>232403</value>
        <shrsOrPrnAmt>
            <sshPrnamt>14850</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>14850</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>I3 VERTICALS INC-CLASS A</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>46571Y107</cusip>
        <value>670800</value>
        <shrsOrPrnAmt>
            <sshPrnamt>30000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>30000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>ICF INTERNATIONAL INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>44925C103</cusip>
        <value>326450</value>
        <shrsOrPrnAmt>
            <sshPrnamt>5000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>5000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>IMAX CORP</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>45245E109</cusip>
        <value>1140300</value>
        <shrsOrPrnAmt>
            <sshPrnamt>30000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>30000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>INFUSYSTEM HOLDINGS INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>45685K102</cusip>
        <value>1707550</value>
        <shrsOrPrnAmt>
            <sshPrnamt>185000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>185000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>INNOVATIVE SOLUTIONS &amp; SUPP</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>45769N105</cusip>
        <value>2278830</value>
        <shrsOrPrnAmt>
            <sshPrnamt>111000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>111000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>INSPIRED ENTERTAINMENT INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>45782N108</cusip>
        <value>1446677</value>
        <shrsOrPrnAmt>
            <sshPrnamt>202900</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>202900</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>JOHNSON OUTDOORS INC-A</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>479167108</cusip>
        <value>232550</value>
        <shrsOrPrnAmt>
            <sshPrnamt>5000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>5000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>KALTURA INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>483467106</cusip>
        <value>122000</value>
        <shrsOrPrnAmt>
            <sshPrnamt>100000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>100000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>KIMBALL ELECTRONICS INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>49428J109</cusip>
        <value>734390</value>
        <shrsOrPrnAmt>
            <sshPrnamt>31000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>31000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>KKR &amp; CO INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>48251W104</cusip>
        <value>925000</value>
        <shrsOrPrnAmt>
            <sshPrnamt>10000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>10000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>LANDS' END INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>51509F105</cusip>
        <value>241615</value>
        <shrsOrPrnAmt>
            <sshPrnamt>21496</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>21496</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>LEE ENTERPRISES</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>523768406</cusip>
        <value>146370</value>
        <shrsOrPrnAmt>
            <sshPrnamt>17000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>17000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>LEGACY HOUSING CORP</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>52472M101</cusip>
        <value>612900</value>
        <shrsOrPrnAmt>
            <sshPrnamt>30000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>30000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>LEMAITRE VASCULAR INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>525558201</cusip>
        <value>218340</value>
        <shrsOrPrnAmt>
            <sshPrnamt>2000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>2000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>LIFETIME BRANDS INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>53222Q103</cusip>
        <value>292166</value>
        <shrsOrPrnAmt>
            <sshPrnamt>50900</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>50900</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>LIFEWAY FOODS INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>531914109</cusip>
        <value>193400</value>
        <shrsOrPrnAmt>
            <sshPrnamt>10000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>10000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>LIMONEIRA CO</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>532746104</cusip>
        <value>1516460</value>
        <shrsOrPrnAmt>
            <sshPrnamt>113000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>113000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>MANITOWOC COMPANY INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>563571405</cusip>
        <value>147955</value>
        <shrsOrPrnAmt>
            <sshPrnamt>12700</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>12700</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>MARCUS CORPORATION</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>566330106</cusip>
        <value>1116050</value>
        <shrsOrPrnAmt>
            <sshPrnamt>65000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>65000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>MARINE PRODUCTS CORP</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>568427108</cusip>
        <value>1621210</value>
        <shrsOrPrnAmt>
            <sshPrnamt>223000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>223000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>MATERIALISE NV-ADR</nameOfIssuer>
        <titleOfClass>DEPOSITORY RECEI</titleOfClass>
        <cusip>57667T100</cusip>
        <value>49400</value>
        <shrsOrPrnAmt>
            <sshPrnamt>10000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>10000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>MATTHEWS INTL CORP-CLASS A</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>577128101</cusip>
        <value>206560</value>
        <shrsOrPrnAmt>
            <sshPrnamt>8000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>8000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>MEDALLION FINANCIAL CORP</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>583928106</cusip>
        <value>466520</value>
        <shrsOrPrnAmt>
            <sshPrnamt>54500</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>54500</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>MIDDLESEX WATER CO</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>596680108</cusip>
        <value>260250</value>
        <shrsOrPrnAmt>
            <sshPrnamt>5000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>5000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>MINERALS TECHNOLOGIES INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>603158106</cusip>
        <value>248220</value>
        <shrsOrPrnAmt>
            <sshPrnamt>3500</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>3500</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>MITEK SYSTEMS INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>606710200</cusip>
        <value>1212300</value>
        <shrsOrPrnAmt>
            <sshPrnamt>89800</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>89800</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>MODINE MANUFACTURING CO</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>607828100</cusip>
        <value>476762</value>
        <shrsOrPrnAmt>
            <sshPrnamt>2200</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>2200</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>MONRO INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>610236101</cusip>
        <value>802000</value>
        <shrsOrPrnAmt>
            <sshPrnamt>50000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>50000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>MOVADO GROUP INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>624580106</cusip>
        <value>1392038</value>
        <shrsOrPrnAmt>
            <sshPrnamt>57004</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>57004</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>MSA SAFETY INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>553498106</cusip>
        <value>672195</value>
        <shrsOrPrnAmt>
            <sshPrnamt>4100</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>4100</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>MYERS INDUSTRIES INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>628464109</cusip>
        <value>5284410</value>
        <shrsOrPrnAmt>
            <sshPrnamt>249500</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>249500</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>MYR GROUP INC/DELAWARE</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>55405W104</cusip>
        <value>1693920</value>
        <shrsOrPrnAmt>
            <sshPrnamt>6000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>6000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>N-ABLE INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>62878D100</cusip>
        <value>116750</value>
        <shrsOrPrnAmt>
            <sshPrnamt>25000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>25000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>NATHAN'S FAMOUS INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>632347100</cusip>
        <value>2158140</value>
        <shrsOrPrnAmt>
            <sshPrnamt>21425</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>21425</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>NAVIGATOR HOLDINGS LTD</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>Y62132108</cusip>
        <value>1565730</value>
        <shrsOrPrnAmt>
            <sshPrnamt>81000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>81000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>NEOGEN CORP</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>640491106</cusip>
        <value>1687621</value>
        <shrsOrPrnAmt>
            <sshPrnamt>181660</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>181660</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>NEOGENOMICS INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>64049M209</cusip>
        <value>394002</value>
        <shrsOrPrnAmt>
            <sshPrnamt>53100</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>53100</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>NIAGEN BIOSCIENCE INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>171077407</cusip>
        <value>132300</value>
        <shrsOrPrnAmt>
            <sshPrnamt>30000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>30000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>NORTHRIM BANCORP INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>666762109</cusip>
        <value>311168</value>
        <shrsOrPrnAmt>
            <sshPrnamt>13600</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>13600</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>OIL-DRI CORP OF AMERICA</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>677864100</cusip>
        <value>663918</value>
        <shrsOrPrnAmt>
            <sshPrnamt>10200</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>10200</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>OPENLANE INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>48238T109</cusip>
        <value>757900</value>
        <shrsOrPrnAmt>
            <sshPrnamt>26000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>26000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>OPKO HEALTH INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>68375N103</cusip>
        <value>159600</value>
        <shrsOrPrnAmt>
            <sshPrnamt>140000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>140000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>OPTION CARE HEALTH INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>68404L201</cusip>
        <value>269200</value>
        <shrsOrPrnAmt>
            <sshPrnamt>10000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>10000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>ORTHOFIX MEDICAL INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>68752M108</cusip>
        <value>198431</value>
        <shrsOrPrnAmt>
            <sshPrnamt>17300</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>17300</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>PARK AEROSPACE CORP</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>70014A104</cusip>
        <value>840566</value>
        <shrsOrPrnAmt>
            <sshPrnamt>30700</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>30700</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>PARK-OHIO HOLDINGS CORP</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>700666100</cusip>
        <value>3709372</value>
        <shrsOrPrnAmt>
            <sshPrnamt>154300</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>154300</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>PITNEY BOWES INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>724479100</cusip>
        <value>497250</value>
        <shrsOrPrnAmt>
            <sshPrnamt>45000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>45000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>PRIMIS FINANCIAL CORP</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>74167B109</cusip>
        <value>199200</value>
        <shrsOrPrnAmt>
            <sshPrnamt>15000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>15000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>PURSUIT ATTRACTIONS AND HOSP</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>92552R406</cusip>
        <value>366300</value>
        <shrsOrPrnAmt>
            <sshPrnamt>10000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>10000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>READING INTERNATIONAL INC-A</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>755408101</cusip>
        <value>157070</value>
        <shrsOrPrnAmt>
            <sshPrnamt>139000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>139000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>READING INTERNATIONAL INC-B</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>755408200</cusip>
        <value>687830</value>
        <shrsOrPrnAmt>
            <sshPrnamt>74360</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>74360</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>RED VIOLET INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>75704L104</cusip>
        <value>276800</value>
        <shrsOrPrnAmt>
            <sshPrnamt>8000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>8000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>RENASANT CORP</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>75970E107</cusip>
        <value>922399</value>
        <shrsOrPrnAmt>
            <sshPrnamt>25530</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>25530</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>RGC RESOURCES INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>74955L103</cusip>
        <value>2083725</value>
        <shrsOrPrnAmt>
            <sshPrnamt>94500</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>94500</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>RPC INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>749660106</cusip>
        <value>410640</value>
        <shrsOrPrnAmt>
            <sshPrnamt>58000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>58000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>RUSH ENTERPRISES INC - CL B</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>781846308</cusip>
        <value>2625480</value>
        <shrsOrPrnAmt>
            <sshPrnamt>40800</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>40800</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>RUSH ENTERPRISES INC-CL A</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>781846209</cusip>
        <value>528880</value>
        <shrsOrPrnAmt>
            <sshPrnamt>8000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>8000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>SILVERCREST ASSET MANAGEME-A</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>828359109</cusip>
        <value>719040</value>
        <shrsOrPrnAmt>
            <sshPrnamt>53500</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>53500</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
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    <infoTable>
        <nameOfIssuer>SINCLAIR INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>829242106</cusip>
        <value>372672</value>
        <shrsOrPrnAmt>
            <sshPrnamt>28800</sshPrnamt>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>28800</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
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    <infoTable>
        <nameOfIssuer>SOUTHERN FIRST BANCSHARES</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>842873101</cusip>
        <value>915600</value>
        <shrsOrPrnAmt>
            <sshPrnamt>16800</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>16800</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
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    <infoTable>
        <nameOfIssuer>SPORTSMAN'S WAREHOUSE HOLDIN</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>84920Y106</cusip>
        <value>112800</value>
        <shrsOrPrnAmt>
            <sshPrnamt>80000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>80000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
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    <infoTable>
        <nameOfIssuer>STANDARD MOTOR PRODS</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>853666105</cusip>
        <value>1129050</value>
        <shrsOrPrnAmt>
            <sshPrnamt>32500</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>32500</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>STELLAR BANCORP INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>858927106</cusip>
        <value>1603518</value>
        <shrsOrPrnAmt>
            <sshPrnamt>43800</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>43800</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
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    <infoTable>
        <nameOfIssuer>STONERIDGE INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>86183P102</cusip>
        <value>96600</value>
        <shrsOrPrnAmt>
            <sshPrnamt>20000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>20000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
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        <nameOfIssuer>STRATASYS LTD</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>M85548101</cusip>
        <value>78100</value>
        <shrsOrPrnAmt>
            <sshPrnamt>10000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>10000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>STRATTEC SECURITY CORP</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>863111100</cusip>
        <value>1668642</value>
        <shrsOrPrnAmt>
            <sshPrnamt>21300</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>21300</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
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    <infoTable>
        <nameOfIssuer>TEJON RANCH CO</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>879080109</cusip>
        <value>1544880</value>
        <shrsOrPrnAmt>
            <sshPrnamt>82000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>82000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>TENNANT CO</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>880345103</cusip>
        <value>564400</value>
        <shrsOrPrnAmt>
            <sshPrnamt>8500</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>8500</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
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    <infoTable>
        <nameOfIssuer>TITAN INTERNATIONAL INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>88830M102</cusip>
        <value>139582</value>
        <shrsOrPrnAmt>
            <sshPrnamt>20200</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>20200</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>TITAN MACHINERY INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>88830R101</cusip>
        <value>1437920</value>
        <shrsOrPrnAmt>
            <sshPrnamt>86000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>86000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>TOWNSQUARE MEDIA INC - CL A</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>892231101</cusip>
        <value>624450</value>
        <shrsOrPrnAmt>
            <sshPrnamt>115000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>115000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>TRANSACT TECHNOLOGIES INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>892918103</cusip>
        <value>106925</value>
        <shrsOrPrnAmt>
            <sshPrnamt>32500</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>32500</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>TREDEGAR CORP</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>894650100</cusip>
        <value>898350</value>
        <shrsOrPrnAmt>
            <sshPrnamt>113000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>113000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>TRUSTCO BANK CORP NY</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>898349204</cusip>
        <value>202264</value>
        <shrsOrPrnAmt>
            <sshPrnamt>4620</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>4620</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>TWIN DISC INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>901476101</cusip>
        <value>1378905</value>
        <shrsOrPrnAmt>
            <sshPrnamt>91500</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>91500</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>TYLER TECHNOLOGIES INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>902252105</cusip>
        <value>342380</value>
        <shrsOrPrnAmt>
            <sshPrnamt>1000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>1000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
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    <infoTable>
        <nameOfIssuer>ULTRA CLEAN HOLDINGS INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>90385V107</cusip>
        <value>2611560</value>
        <shrsOrPrnAmt>
            <sshPrnamt>42000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>42000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
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    <infoTable>
        <nameOfIssuer>ULTRALIFE CORP</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>903899102</cusip>
        <value>710680</value>
        <shrsOrPrnAmt>
            <sshPrnamt>109000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>109000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>UNITED BANKSHARES INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>909907107</cusip>
        <value>289940</value>
        <shrsOrPrnAmt>
            <sshPrnamt>7000</sshPrnamt>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>7000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
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    <infoTable>
        <nameOfIssuer>UNITED GUARDIAN INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>910571108</cusip>
        <value>360199</value>
        <shrsOrPrnAmt>
            <sshPrnamt>53761</sshPrnamt>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>53761</Sole>
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            <None>0</None>
        </votingAuthority>
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    <infoTable>
        <nameOfIssuer>UNIVERSAL TECHNICAL INSTITUT</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>913915104</cusip>
        <value>314070</value>
        <shrsOrPrnAmt>
            <sshPrnamt>8700</sshPrnamt>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>8700</Sole>
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            <None>0</None>
        </votingAuthority>
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    <infoTable>
        <nameOfIssuer>VALLEY NATIONAL BANCORP</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>919794107</cusip>
        <value>515760</value>
        <shrsOrPrnAmt>
            <sshPrnamt>42000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>42000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
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    <infoTable>
        <nameOfIssuer>VALUE LINE INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>920437100</cusip>
        <value>1057218</value>
        <shrsOrPrnAmt>
            <sshPrnamt>29958</sshPrnamt>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>29958</Sole>
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            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>VISHAY PRECISION GROUP</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>92835K103</cusip>
        <value>1304120</value>
        <shrsOrPrnAmt>
            <sshPrnamt>30035</sshPrnamt>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>30035</Sole>
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            <None>0</None>
        </votingAuthority>
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    <infoTable>
        <nameOfIssuer>WABASH NATIONAL CORP</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>929566107</cusip>
        <value>372384</value>
        <shrsOrPrnAmt>
            <sshPrnamt>43200</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>43200</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
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        <nameOfIssuer>WASHINGTON TRUST BANCORP</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>940610108</cusip>
        <value>1113549</value>
        <shrsOrPrnAmt>
            <sshPrnamt>33280</sshPrnamt>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>33280</Sole>
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            <None>0</None>
        </votingAuthority>
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    <infoTable>
        <nameOfIssuer>WATERSTONE FINANCIAL INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>94188P101</cusip>
        <value>1063770</value>
        <shrsOrPrnAmt>
            <sshPrnamt>59000</sshPrnamt>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>59000</Sole>
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            <None>0</None>
        </votingAuthority>
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    <infoTable>
        <nameOfIssuer>WEAVE COMMUNICATIONS INC</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>94724R108</cusip>
        <value>199418</value>
        <shrsOrPrnAmt>
            <sshPrnamt>43164</sshPrnamt>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>43164</Sole>
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            <None>0</None>
        </votingAuthority>
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        <nameOfIssuer>WESTERN NEW ENGLAND BANCORP</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>958892101</cusip>
        <value>866310</value>
        <shrsOrPrnAmt>
            <sshPrnamt>67000</sshPrnamt>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>67000</Sole>
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            <None>0</None>
        </votingAuthority>
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        <nameOfIssuer>WILLAMETTE VALLEY VINEYARDS</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>969136100</cusip>
        <value>52685</value>
        <shrsOrPrnAmt>
            <sshPrnamt>20500</sshPrnamt>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>20500</Sole>
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            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>WINNEBAGO INDUSTRIES</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>974637100</cusip>
        <value>526830</value>
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            <sshPrnamt>17000</sshPrnamt>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>17000</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>YORK WATER CO</nameOfIssuer>
        <titleOfClass>EQUITY</titleOfClass>
        <cusip>987184108</cusip>
        <value>961307</value>
        <shrsOrPrnAmt>
            <sshPrnamt>31570</sshPrnamt>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>31570</Sole>
            <Shared>0</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
</informationTable>
