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		<nameOfIssuer>BACKBLAZE INC</nameOfIssuer>
		<titleOfClass>COM CL A</titleOfClass>
		<cusip>05637B105</cusip>
		<value>6766426</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1961283</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>1961283</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>BOYD GROUP SERVICES INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>103310108</cusip>
		<value>12543007</value>
		<shrsOrPrnAmt>
			<sshPrnamt>98256</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>89106</Sole>
			<Shared>0</Shared>
			<None>9150</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>BRIGHTVIEW HLDGS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>10948C107</cusip>
		<value>5974583</value>
		<shrsOrPrnAmt>
			<sshPrnamt>506750</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>506750</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>BUILD-A-BEAR WORKSHOP INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>120076104</cusip>
		<value>12362320</value>
		<shrsOrPrnAmt>
			<sshPrnamt>330102</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>299041</Sole>
			<Shared>0</Shared>
			<None>31061</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>CAVCO INDS INC DEL</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>149568107</cusip>
		<value>7639190</value>
		<shrsOrPrnAmt>
			<sshPrnamt>15774</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>14770</Sole>
			<Shared>0</Shared>
			<None>1004</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>CHAIN BRIDGE BANCORP INC</nameOfIssuer>
		<titleOfClass>CL A</titleOfClass>
		<cusip>15746L100</cusip>
		<value>937414</value>
		<shrsOrPrnAmt>
			<sshPrnamt>26860</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>26860</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>CLEAN HARBORS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>184496107</cusip>
		<value>6570991</value>
		<shrsOrPrnAmt>
			<sshPrnamt>22917</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>21207</Sole>
			<Shared>0</Shared>
			<None>1710</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>COMPASS INC</nameOfIssuer>
		<titleOfClass>CL A</titleOfClass>
		<cusip>20464U100</cusip>
		<value>11713025</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1602329</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>1410212</Sole>
			<Shared>0</Shared>
			<None>192117</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>CRITEO S A</nameOfIssuer>
		<titleOfClass>SPONS ADS</titleOfClass>
		<cusip>226718104</cusip>
		<value>3823770</value>
		<shrsOrPrnAmt>
			<sshPrnamt>213261</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>213261</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>CROCS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>227046109</cusip>
		<value>6627321</value>
		<shrsOrPrnAmt>
			<sshPrnamt>79828</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>67434</Sole>
			<Shared>0</Shared>
			<None>12394</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>CRONOS GROUP INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>22717L101</cusip>
		<value>10599740</value>
		<shrsOrPrnAmt>
			<sshPrnamt>4223004</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>4223004</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>ETON PHARMACEUTICALS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>29772L108</cusip>
		<value>9007065</value>
		<shrsOrPrnAmt>
			<sshPrnamt>364954</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>358280</Sole>
			<Shared>0</Shared>
			<None>6674</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>FLEXSTEEL INDS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>339382103</cusip>
		<value>822672</value>
		<shrsOrPrnAmt>
			<sshPrnamt>18306</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>18306</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>FLYWIRE CORPORATION</nameOfIssuer>
		<titleOfClass>COM VTG</titleOfClass>
		<cusip>302492103</cusip>
		<value>8978817</value>
		<shrsOrPrnAmt>
			<sshPrnamt>771376</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>667508</Sole>
			<Shared>0</Shared>
			<None>103868</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>GPGI INC</nameOfIssuer>
		<titleOfClass>COM CL A</titleOfClass>
		<cusip>20459V105</cusip>
		<value>1859711</value>
		<shrsOrPrnAmt>
			<sshPrnamt>108755</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>108755</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>HNI CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>404251100</cusip>
		<value>7385901</value>
		<shrsOrPrnAmt>
			<sshPrnamt>221201</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>221201</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>IDENTIV INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>45170X205</cusip>
		<value>1819131</value>
		<shrsOrPrnAmt>
			<sshPrnamt>491657</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>491657</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ISHARES TR</nameOfIssuer>
		<titleOfClass>RUSSELL 2000 ETF</titleOfClass>
		<cusip>464287655</cusip>
		<value>479136</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1302</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Put</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>1302</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>KURA SUSHI USA INC</nameOfIssuer>
		<titleOfClass>CL A COM</titleOfClass>
		<cusip>501270102</cusip>
		<value>8274372</value>
		<shrsOrPrnAmt>
			<sshPrnamt>118561</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>105194</Sole>
			<Shared>0</Shared>
			<None>13367</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>LIMBACH HLDGS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>53263P105</cusip>
		<value>4411386</value>
		<shrsOrPrnAmt>
			<sshPrnamt>56520</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>50024</Sole>
			<Shared>0</Shared>
			<None>6496</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>LINCOLN EDL SVCS CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>533535100</cusip>
		<value>15481506</value>
		<shrsOrPrnAmt>
			<sshPrnamt>380568</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>360698</Sole>
			<Shared>0</Shared>
			<None>19870</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>LISTED FDS TR</nameOfIssuer>
		<titleOfClass>HORIZON KINETICS</titleOfClass>
		<cusip>53656F623</cusip>
		<value>4289175</value>
		<shrsOrPrnAmt>
			<sshPrnamt>129975</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>129975</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>LUMEXA IMAGING HOLDINGS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>550249106</cusip>
		<value>7007873</value>
		<shrsOrPrnAmt>
			<sshPrnamt>814869</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>780503</Sole>
			<Shared>0</Shared>
			<None>34366</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>LUXEXPERIENCE BV</nameOfIssuer>
		<titleOfClass>SPONSORED ADS</titleOfClass>
		<cusip>55406W103</cusip>
		<value>9412544</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1176568</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>1115784</Sole>
			<Shared>0</Shared>
			<None>60784</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>MAMAS CREATIONS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>56146T103</cusip>
		<value>5347340</value>
		<shrsOrPrnAmt>
			<sshPrnamt>348588</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>344012</Sole>
			<Shared>0</Shared>
			<None>4576</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>NEBIUS GROUP N.V.</nameOfIssuer>
		<titleOfClass>SHS CLASS A</titleOfClass>
		<cusip>N97284108</cusip>
		<value>1032101</value>
		<shrsOrPrnAmt>
			<sshPrnamt>9947</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>7823</Sole>
			<Shared>0</Shared>
			<None>2124</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>PDF SOLUTIONS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>693282105</cusip>
		<value>8853550</value>
		<shrsOrPrnAmt>
			<sshPrnamt>270668</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>262641</Sole>
			<Shared>0</Shared>
			<None>8027</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>SPDR SERIES TRUST</nameOfIssuer>
		<titleOfClass>STATE STREET SPD</titleOfClass>
		<cusip>78468R556</cusip>
		<value>1523554</value>
		<shrsOrPrnAmt>
			<sshPrnamt>8379</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>8379</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>STRATA CRITICAL MEDICAL INC</nameOfIssuer>
		<titleOfClass>CL A COM</titleOfClass>
		<cusip>092667104</cusip>
		<value>10883867</value>
		<shrsOrPrnAmt>
			<sshPrnamt>2603796</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>2380944</Sole>
			<Shared>0</Shared>
			<None>222852</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>TURNING PT BRANDS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>90041L105</cusip>
		<value>14759334</value>
		<shrsOrPrnAmt>
			<sshPrnamt>170058</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>158700</Sole>
			<Shared>0</Shared>
			<None>11358</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>UNIVERSAL TECHNICAL INST INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>913915104</cusip>
		<value>7938462</value>
		<shrsOrPrnAmt>
			<sshPrnamt>219902</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>219902</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>WEALTHFRONT CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>947002101</cusip>
		<value>6094020</value>
		<shrsOrPrnAmt>
			<sshPrnamt>658813</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>563666</Sole>
			<Shared>0</Shared>
			<None>95147</None>
		</votingAuthority>
	</infoTable>
</informationTable>
