The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AT&T Inc. COM 00206R102 402 11,471 SH   SOLE   350 0 11,121
Alcoa, Inc. COM 013817101 862 67,000 SH   SOLE   3,800 0 63,200
Amazon.com Inc. COM 023135106 353 1,050 SH   SOLE   75 0 975
American Express Co. COM 025816109 1,283 14,250 SH   SOLE   1,125 0 13,125
American Intl Group, Inc. COM 026874784 933 18,650 SH   SOLE   1,450 0 17,200
Apple Inc. COM 037833100 2,488 4,635 SH   SOLE   635 0 4,000
Bank of America Corp COM 060505104 967 56,198 SH   SOLE   2,500 0 53,698
Bristol-Myers Squibb Co. COM 110122108 948 18,243 SH   SOLE   1,150 0 17,093
Capital One Financial Corp. COM 14040H105 417 5,400 SH   SOLE   300 0 5,100
Caterpillar Inc COM 149123101 204 2,050 SH   SOLE   150 0 1,900
Cisco Systems Inc. COM 17275R102 925 41,250 SH   SOLE   1,500 0 39,750
Citigroup, Inc. COM 172967424 723 15,180 SH   SOLE   1,110 0 14,070
Corning Inc. COM 219350105 608 29,200 SH   SOLE   1,200 0 28,000
Costco Wholesale Corp COM 22160K105 1,217 10,900 SH   SOLE   575 0 10,325
Discover Financial Services COM 254709108 992 17,050 SH   SOLE   900 0 16,150
DuPont de Nemours & Co. COM 263534109 584 8,700 SH   SOLE   900 0 7,800
EMC Corporation COM 268648102 844 30,780 SH   SOLE   2,150 0 28,630
Energy Transfer Partners LP COM 29273R109 374 6,950 SH   SOLE   0 0 6,950
Exxon Mobil Corporation COM 30231G102 854 8,746 SH   SOLE   200 0 8,546
Ford Motor Company COM 345370860 249 15,950 SH   SOLE   1,200 0 14,750
Freeport-McMoran Copper & Gold COM 35671D857 592 17,900 SH   SOLE   1,100 0 16,800
General Electric Co COM 369604103 1,007 38,905 SH   SOLE   1,400 0 37,505
Groupon, Inc. COM 399473107 230 29,300 SH   SOLE   3,300 0 26,000
Hartford Financial Services COM 416515104 679 19,244 SH   SOLE   900 0 18,344
Honeywell Intl Inc COM 438516106 1,329 14,332 SH   SOLE   1,000 0 13,332
IBM Corp COM 459200101 1,148 5,963 SH   SOLE   375 0 5,588
Intel Corporation COM 458140100 949 36,775 SH   SOLE   2,900 0 33,875
International Paper Co. COM 460146103 656 14,300 SH   SOLE   250 0 14,050
JPMorgan Chase & Co COM 46625H100 1,311 21,599 SH   SOLE   1,500 0 20,099
Johnson & Johnson COM 478160104 235 2,390 SH   SOLE   0 0 2,390
Johnson Controls, Inc. COM 478366107 610 12,900 SH   SOLE   450 0 12,450
Legg Mason Inc. COM 524901105 544 11,100 SH   SOLE   300 0 10,800
MBIA Inc COM 55262C100 550 39,300 SH   SOLE   3,300 0 36,000
Micron Technology Inc COM 595112103 207 8,750 SH   SOLE   1,750 0 7,000
Microsoft Corporation COM 594918104 898 21,910 SH   SOLE   1,200 0 20,710
Pfizer Inc. COM 717081103 743 23,147 SH   SOLE   650 0 22,497
Philip Morris Intl COM 718172109 209 2,550 SH   SOLE   0 0 2,550
Radian Group, Inc. COM 750236101 240 16,000 SH   SOLE   800 0 15,200
Telkonet, Inc. COM 879604106 391 1,817,600 SH   SOLE   224,000 0 1,593,600
Teva Pharmaceutical COM 881624209 575 10,881 SH   SOLE   687 0 10,194
Texas Instruments, Inc. COM 882508104 710 15,050 SH   SOLE   600 0 14,450
Titan International Inc. COM 88830M102 1,181 62,200 SH   SOLE   3,000 0 59,200
Toll Brothers COM 889478103 959 26,700 SH   SOLE   1,250 0 25,450
Tractor Supply Co. COM 892356106 1,401 19,830 SH   SOLE   1,000 0 18,830
Verizon Communications, Inc. COM 92343V104 808 16,991 SH   SOLE   1,100 0 15,891
Wells Fargo & Co COM 949746101 457 9,197 SH   SOLE   100 0 9,097
Williams Partners LP COM 96950F104 532 10,450 SH   SOLE   300 0 10,150
Williams-Sonoma Inc. COM 969904101 546 8,200 SH   SOLE   800 0 7,400
Windstream Holdings Inc. COM 97382A101 275 33,400 SH   SOLE   0 0 33,400
Wyndham Worldwide Corp COM 98310W108 996 13,600 SH   SOLE   600 0 13,000
eBay Inc. COM 278642103 1,051 19,025 SH   SOLE   1,450 0 17,575