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 595 16,871 SH   SOLE   0 0 16,871
Alcoa, Inc. COM 013817101 1,099 68,300 SH   SOLE   2,500 0 65,800
Amazon.com Inc. COM 023135106 556 1,725 SH   SOLE   0 0 1,725
American Express Co. COM 025816109 1,272 14,525 SH   SOLE   900 0 13,625
American Intl Group, Inc. COM 026874784 1,024 18,950 SH   SOLE   1,000 0 17,950
Apple Inc. COM 037833100 3,198 31,742 SH   SOLE   3,220 0 28,522
Bank of America Corp COM 060505104 1,003 58,798 SH   SOLE   1,200 0 57,598
Bristol-Myers Squibb Co. COM 110122108 936 18,293 SH   SOLE   1,050 0 17,243
Capital One Financial Corp. COM 14040H105 429 5,250 SH   SOLE   300 0 4,950
Caterpillar Inc COM 149123101 203 2,050 SH   SOLE   0 0 2,050
Cisco Systems Inc. COM 17275R102 1,036 41,150 SH   SOLE   1,300 0 39,850
Citigroup, Inc. COM 172967424 779 15,040 SH   SOLE   810 0 14,230
Corning Inc. COM 219350105 550 28,450 SH   SOLE   1,000 0 27,450
Costco Wholesale Corp COM 22160K105 1,375 10,975 SH   SOLE   375 0 10,600
Discover Financial Services COM 254709108 1,072 16,650 SH   SOLE   900 0 15,750
DuPont de Nemours & Co. COM 263534109 621 8,650 SH   SOLE   800 0 7,850
EMC Corporation COM 268648102 906 30,980 SH   SOLE   2,000 0 28,980
Energy Transfer Partners LP COM 29273R109 445 6,950 SH   SOLE   0 0 6,950
Exxon Mobil Corporation COM 30231G102 804 8,546 SH   SOLE   200 0 8,346
Ford Motor Company COM 345370860 243 16,450 SH   SOLE   0 0 16,450
Freeport-McMoran Copper & Gold COM 35671D857 589 18,050 SH   SOLE   800 0 17,250
General Electric Co COM 369604103 1,088 42,455 SH   SOLE   1,600 0 40,855
Groupon, Inc. COM 399473107 215 32,200 SH   SOLE   1,400 0 30,800
Hartford Financial Services COM 416515104 698 18,744 SH   SOLE   700 0 18,044
Honeywell Intl Inc COM 438516106 1,302 13,982 SH   SOLE   850 0 13,132
IBM Corp COM 459200101 1,194 6,288 SH   SOLE   250 0 6,038
Intel Corporation COM 458140100 1,291 37,075 SH   SOLE   2,200 0 34,875
International Paper Co. COM 460146103 678 14,200 SH   SOLE   250 0 13,950
JPMorgan Chase & Co COM 46625H100 1,328 22,049 SH   SOLE   1,150 0 20,899
Johnson & Johnson COM 478160104 233 2,190 SH   SOLE   0 0 2,190
Johnson Controls, Inc. COM 478366107 594 13,500 SH   SOLE   450 0 13,050
Legg Mason Inc. COM 524901105 558 10,900 SH   SOLE   300 0 10,600
MBIA Inc COM 55262C100 361 39,300 SH   SOLE   2,500 0 36,800
Micron Technology Inc COM 595112103 276 8,050 SH   SOLE   1,550 0 6,500
Microsoft Corporation COM 594918104 1,004 21,660 SH   SOLE   1,100 0 20,560
Pfizer Inc. COM 717081103 718 24,297 SH   SOLE   500 0 23,797
Philip Morris Intl COM 718172109 213 2,550 SH   SOLE   0 0 2,550
Radian Group, Inc. COM 750236101 228 16,000 SH   SOLE   800 0 15,200
Telkonet, Inc. COM 879604106 291 1,817,600 SH   SOLE   154,000 0 1,663,600
Teva Pharmaceutical COM 881624209 588 10,931 SH   SOLE   637 0 10,294
Texas Instruments, Inc. COM 882508104 694 14,550 SH   SOLE   500 0 14,050
Titan International Inc. COM 88830M102 715 60,500 SH   SOLE   1,900 0 58,600
Toll Brothers COM 889478103 851 27,300 SH   SOLE   850 0 26,450
Tractor Supply Co. COM 892356106 1,220 19,830 SH   SOLE   800 0 19,030
Verizon Communications, Inc. COM 92343V104 962 19,241 SH   SOLE   750 0 18,491
Wells Fargo & Co COM 949746101 474 9,147 SH   SOLE   100 0 9,047
Williams Partners LP COM 96950F104 558 10,525 SH   SOLE   0 0 10,525
Williams-Sonoma Inc. COM 969904101 536 8,050 SH   SOLE   500 0 7,550
Windstream Holdings Inc. COM 97382A101 349 32,400 SH   SOLE   0 0 32,400
Wyndham Worldwide Corp COM 98310W108 1,085 13,350 SH   SOLE   500 0 12,850
eBay Inc. COM 278642103 1,137 20,075 SH   SOLE   1,100 0 18,975