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

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

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ABAXIS INC ABAX COMMON 002567105 1,531 32,232 SH   SOLE   3,000 0 29,232
ABERDEEN LATIN AMER L FOREIGN 00306K106 235 7,505 SH   SOLE   0 0 7,505
ACACIA RESH CORP ACTG COMMON 003881307 628 28,115 SH   SOLE   1,500 0 26,615
ACME UTD CORP ACU COMMON 004816104 2,261 175,818 SH   SOLE   4,000 0 171,818
ADVANTAGE OIL & GAS A COMMON 00765F101 378 95,960 SH   SOLE   0 0 95,960
ARLINGTON ASSET INVT REAL ES 041356205 2,216 82,870 SH   SOLE   0 0 82,870
ASHFORD 8.45% D AHT-P PREFERR 044103406 844 33,375 SH   SOLE   0 0 33,375
ASTROTECH CORP ASTC COMMON 046484101 225 321,375 SH   SOLE   60,000 0 261,375
ASURE SOFTWARE INC AS COMMON 04649U102 705 122,055 SH   SOLE   10,000 0 112,055
ATLAS ENERGY COMMON 049298102 799 16,300 SH   SOLE   0 0 16,300
ATLAS PIPELINE COMMON 049392103 2,264 59,290 SH   SOLE   0 0 59,290
BALCHEM CORP BCPC COMMON 057665200 3,487 77,925 SH   SOLE   5,062 0 72,863
BERKSHIRE HATHAWAY BR COMMON 084670702 1,597 14,266 SH   SOLE   0 0 14,266
BOSTON BEER INC SAM COMMON 100557107 753 4,415 SH   SOLE   0 0 4,415
BOWL AMER INC BWL COMMON 102565108 597 45,945 SH   SOLE   0 0 45,945
BREITBURN ENERGY COMMON 106776107 1,606 87,985 SH   SOLE   0 0 87,985
BRIDGELINE SOFTWARE B COMMON 10807Q205 315 262,750 SH   SOLE   30,000 0 232,750
BURCON NUTRASCIENCE B COMMON 120831102 224 92,375 SH   SOLE   15,000 0 77,375
CALUMET SPECIALTY LP COMMON 131476103 465 12,785 SH   SOLE   0 0 12,785
CAMDEN PPTY TR CPT REAL ES 133131102 220 3,175 SH   SOLE   0 0 3,175
CAMPUS CREST 8.00% A PREFERR 13466Y204 992 37,650 SH   SOLE   0 0 37,650
CAPITAL LEASING FDG L REAL ES 140288101 467 55,360 SH   SOLE   0 0 55,360
CARRIAGE SVCS 7.00% C PREFERR 14444T309 2,168 44,250 SH   SOLE   0 0 44,250
CARRIAGE SVCS INC CSV COMMON 143905107 3,967 234,022 SH   SOLE   6,000 0 228,022
CEDAR FAIR COMMON 150185106 1,889 45,620 SH   SOLE   0 0 45,620
CELADON GROUP INC CGI COMMON 150838100 914 50,067 SH   SOLE   6,000 0 44,067
COMMONWEALTH CWH REAL ES 203233101 1,488 64,346 SH   SOLE   0 0 64,346
CORENERGY INFRASTRUC REAL ES 21870U205 2,649 380,635 SH   SOLE   8,500 0 372,135
CORPORATE OFF PPTYS T REAL ES 22002T108 735 28,825 SH   SOLE   0 0 28,825
CPI AEROSTRUCTURES IN COMMON 125919308 1,367 125,950 SH   SOLE   5,000 0 120,950
CRIMSON EXPLORATION C COMMON 22662K207 661 234,325 SH   SOLE   10,000 0 224,325
CUMBERLAND PHARMACEUT COMMON 230770109 474 92,840 SH   SOLE   0 0 92,840
DAKTRONICS DAKT COMMON 234264109 1,792 174,620 SH   SOLE   9,700 0 164,920
DELPHI ENERGY CORP DP COMMON 247128101 427 356,000 SH   SOLE   15,000 0 341,000
DESTINATION XL GROUP COMMON 25065K104 811 127,917 SH   SOLE   15,000 0 112,917
DHX MEDIA LTD DHX.T COMMON 252406103 3,658 1,211,200 SH   SOLE   60,000 0 1,151,200
DORCHESTER MINERALS COMMON 25820R105 2,126 86,820 SH   SOLE   0 0 86,820
DOUBLE EAGLE 9.25% A PREFERR 258570407 1,278 50,880 SH   SOLE   0 0 50,880
DYNAMICS RESH CORP DR COMMON 268057106 136 24,410 SH   SOLE   0 0 24,410
ENSIGN GROUP INC ENSG COMMON 29358P101 3,086 87,620 SH   SOLE   5,625 0 81,995
ENVIROSTAR INC EVI COMMON 29414M100 884 502,979 SH   SOLE   35,000 0 467,979
ERICKSON AIR-CRANE IN COMMON 29482P100 1,523 80,950 SH   SOLE   4,000 0 76,950
EVOLUT PETRO 8.50% A PREFERR 30049A206 1,231 47,350 SH   SOLE   0 0 47,350
EVOLUTION PETROLEUM E COMMON 30049A107 5,638 516,800 SH   SOLE   30,400 0 486,400
FID/CLAY MLP FMO COMMON 31647Q106 463 16,974 SH   SOLE   0 0 16,974
FID/CLAY PFD FFC PREFERR 338478100 872 46,525 SH   SOLE   0 0 46,525
FIRST MAJESTIC SILVER COMMON 32076V103 2,827 266,985 SH   SOLE   16,490 0 250,495
FIRST POTOMAC 7.75% A PREFERR 33610F307 1,197 45,375 SH   SOLE   0 0 45,375
FIRST POTOMAC RLTY TR REAL ES 33610F109 763 58,455 SH   SOLE   0 0 58,455
FLEXIBLE SOLUTIONS FS COMMON 33938T104 416 526,825 SH   SOLE   10,000 0 516,825
FRANCO NEVADA CORP CO COMMON 351858105 564 15,781 SH   SOLE   1,046 0 14,735
GASTAR EXPLOR 8.620% PREFERR 36729P207 1,155 47,220 SH   SOLE   0 0 47,220
GENERAL FINANCE CORP COMMON 369822101 989 212,750 SH   SOLE   10,000 0 202,750
GLACIER WATER 9.06% A PREFERR 376398202 753 29,065 SH   SOLE   0 0 29,065
GLADSTONE CAPITAL COR REAL ES 376535100 182 22,275 SH   SOLE   0 0 22,275
GLADSTONE COML CORP G REAL ES 376536108 1,638 87,864 SH   SOLE   0 0 87,864
GLADSTONE LD CORP LAN REAL ES 376549101 2,596 153,350 SH   SOLE   3,000 0 150,350
GLOBAL AIRCRAFT SOLUTIONS COMMON 378964100 0 50,650 SH   SOLE   0 0 50,650
GMX BONDS 18.75 4.50% CONVERT 38011MAJ7 40 666,000 SH   SOLE   0 0 666,000
GOLDCORP INC NEW GG COMMON 380956409 1,120 45,296 SH   SOLE   4,300 0 40,996
GP STRATEGIES CORP GP COMMON 36225V104 280 11,775 SH   SOLE   0 0 11,775
GRACE ACQUI 8.750% P PREFERR 982568206 248 26,080 SH   SOLE   0 0 26,080
GRAMERCY PPTY 8.125% PREFERR 38489R209 772 23,100 SH   SOLE   0 0 23,100
GRAN TIERRA ENERGY IN COMMON 38500T101 289 48,028 SH   SOLE   0 0 48,028
GSE SYS INC GVP COMMON 36227K106 738 489,015 SH   SOLE   30,000 0 459,015
H & Q LIFE SCIENCES H MUTUAL 404053100 861 48,168 SH   SOLE   0 0 48,168
HAIN CELESTIAL GROUP COMMON 405217100 1,517 23,339 SH   SOLE   2,000 0 21,339
HARVARD BIOSCIENCE HB COMMON 416906105 1,933 411,375 SH   SOLE   10,000 0 401,375
HEALTH CARE REIT INC REAL ES 42217K106 2,124 31,684 SH   SOLE   0 0 31,684
HENRY JACK & ASSOC JK COMMON 426281101 790 16,770 SH   SOLE   0 0 16,770
HI-CRUSH PARTNERS COMMON 428337109 489 20,750 SH   SOLE   0 0 20,750
HUDSON TECHNOLOGIES I COMMON 444144109 2,276 713,400 SH   SOLE   30,150 0 683,250
I D SYSTEMS INC IDSY COMMON 449489103 879 174,800 SH   SOLE   7,000 0 167,800
ICON PLC SHS ICLR COMMON G4705A100 418 11,800 SH   SOLE   0 0 11,800
IDEX CORP IEX COMMON 45167R104 989 18,380 SH   SOLE   0 0 18,380
II-VI INC IIVI COMMON 902104108 4,249 261,324 SH   SOLE   7,800 0 253,524
IMAGE SENSING SYS INC COMMON 45244C104 542 73,735 SH   SOLE   3,000 0 70,735
IMPRIMIS PHARMA IMMY COMMON 45323A201 544 64,100 SH   SOLE   7,000 0 57,100
INTEST CORP INTT COMMON 461147100 1,566 413,285 SH   SOLE   15,000 0 398,285
INVENTURE FOODS INC S COMMON 461212102 212 25,400 SH   SOLE   0 0 25,400
ISHARES SILVER TRUST MUTUAL 46428Q109 742 39,130 SH   SOLE   0 0 39,130
JAPAN SMALLER CAPTL J FOREIGN 47109U104 351 40,957 SH   SOLE   0 0 40,957
KAYNE ANDERSON MLP KYN MUTUAL 486606106 1,271 32,670 SH   SOLE   0 0 32,670
KAYNE MIDSTREAM FUND MUTUAL 48661E106 264 8,225 SH   SOLE   0 0 8,225
KEYNOTE SYS INC KEYN COMMON 493308100 218 11,025 SH   SOLE   0 0 11,025
KIMCO PFD H 6.90% H K PREFERR 49446R828 872 34,200 SH   SOLE   0 0 34,200
KMG CHEMICALS INC KMG COMMON 482564101 2,863 135,700 SH   SOLE   5,000 0 130,700
KRATOS DEFENSE & SEC COMMON 50077B207 1,166 179,902 SH   SOLE   7,000 0 172,902
LASALLE HOTEL 7.50% H PREFERR 517942702 1,357 52,175 SH   SOLE   0 0 52,175
LASALLE HOTEL PPTY LH REAL ES 517942108 376 15,230 SH   SOLE   0 0 15,230
LAYNE CHRISTENSEN CO COMMON 521050104 661 33,855 SH   SOLE   2,100 0 31,755
LEXINGTON PPTYS LXP REAL ES 529043101 650 55,657 SH   SOLE   0 0 55,657
LUMINA COPPER LCC.V COMMON 55025N104 2,026 436,575 SH   SOLE   30,000 0 406,575
MAC-GRAY CORP TUC COMMON 554153106 840 59,145 SH   SOLE   6,000 0 53,145
MAGNUM HUN RE 10.25% PREFERR 55973B201 1,140 45,220 SH   SOLE   0 0 45,220
MAGNUM HUNTER MHR COMMON 55973B102 936 256,340 SH   SOLE   11,964 0 244,376
MV GOLD STX ETF GDX MUTUAL 57060U100 279 11,390 SH   SOLE   0 0 11,390
MV JR GOLD MINERS GDXJ MUTUAL 57060U589 411 44,815 SH   SOLE   0 0 44,815
MARTEN TRANS LTD MRTN COMMON 573075108 860 54,862 SH   SOLE   0 0 54,862
MARTIN MIDSTREAM COMMON 573331105 1,714 38,865 SH   SOLE   0 0 38,865
MEDICAL PPTYS TRUST I REAL ES 58463J304 1,767 123,415 SH   SOLE   0 0 123,415
MERGE HEALTHCARE INC COMMON 589499102 340 94,481 SH   SOLE   8,000 0 86,481
MICRONET $6.25 04/15/ WARRANT 595117110 36 48,315 SH   SOLE   3,000 0 45,315
MICRONET ENERTEC TECH COMMON 595117102 781 172,690 SH   SOLE   6,000 0 166,690
MILLER INDS INC TENN COMMON 600551204 918 59,660 SH   SOLE   0 0 59,660
MOCON INC MOCO COMMON 607494101 1,540 113,642 SH   SOLE   5,000 0 108,642
MONMOUTH PFD-B 7.88% PREFERR 609720305 754 29,200 SH   SOLE   0 0 29,200
MONMOUTH REAL ESTATE REAL ES 609720107 1,779 180,255 SH   SOLE   0 0 180,255
MONROE CAPITAL COMMON 610335101 1,915 127,850 SH   SOLE   0 0 127,850
NEOGENOMICS INC NEO COMMON 64049M209 2,140 537,700 SH   SOLE   50,000 0 487,700
NEWMONT MINING COMMON 651639106 1,990 8,000 SH   SOLE   1,600 0 6,400
NGP CAP RES CO NGPC MUTUAL 62912R107 273 44,515 SH   SOLE   0 0 44,515
NORTHERN OIL & GAS NO COMMON 665531109 1,191 89,250 SH   SOLE   3,000 0 86,250
NOVELOS THERAPEUTICS COMMON 67000M209 284 617,248 SH   SOLE   50,000 0 567,248
OCULUS INNOVATIVE SCI COMMON 67575P207 174 67,611 SH   SOLE   3,571 0 64,040
OXFORD LANE CAPITAL COMMON 691543102 1,749 105,665 SH   SOLE   0 0 105,665
PARAMOUNT GOLD & SILV COMMON 69924P102 494 415,050 SH   SOLE   20,000 0 395,050
PICO HLDGS INC PICO COMMON 693366205 2,697 128,671 SH   SOLE   5,000 0 123,671
POWERSHS DB AG DBA MUTUAL 73936B408 593 23,812 SH   SOLE   0 0 23,812
POWERSHS SMCAP UTIL PSCU COMMON 73937B837 2,290 70,490 SH   SOLE   0 0 70,490
PREFERRED APT COMM AP REAL ES 74039L103 1,223 135,845 SH   SOLE   0 0 135,845
PRIVATEBANC 10.00% A PREFERR 74272L208 1,087 42,055 SH   SOLE   0 0 42,055
PS AGRI LG ETN AGF MUTUAL 25154H533 602 37,610 SH   SOLE   0 0 37,610
PROFESSIONAL DIVERSIT COMMON 74312Y103 302 72,150 SH   SOLE   5,000 0 67,150
PSIVIDA CORP PSDV COMMON 74440J101 323 83,384 SH   SOLE   20,000 0 63,384
PURE TECHNOLOGIES LTD COMMON 745915108 1,614 373,625 SH   SOLE   20,000 0 353,625
PURECYCLE CORP PCYO COMMON 746228303 682 122,000 SH   SOLE   0 0 122,000
QR ENERGY COMMON 74734R108 1,328 75,515 SH   SOLE   0 0 75,515
QUADRANT 4 SYSTEMS QF COMMON 74735A104 124 1,912,319 SH   SOLE   35,000 0 1,877,319
QUAKER CHEM CORP KWR COMMON 747316107 2,341 37,755 SH   SOLE   2,000 0 35,755
QUALSTAR CORP QBAK COMMON 74758R109 369 263,920 SH   SOLE   20,000 0 243,920
RAND LOGISTICS CORP R COMMON 752182105 1,190 231,971 SH   SOLE   20,000 0 211,971
RCM TECHNOLOGIES INC COMMON 749360400 514 94,745 SH   SOLE   10,000 0 84,745
RIO ALTO MNG LTD NEW COMMON 76689T104 37 20,200 SH   SOLE   6,000 0 14,200
ROYAL GOLD INC RGLD COMMON 780287108 903 21,470 SH   SOLE   1,500 0 19,970
ROYCE MICRO TRUST COMMON 780915104 2,656 245,680 SH   SOLE   0 0 245,680
S&W SEED CO SANW COMMON 785135104 2,678 319,525 SH   SOLE   14,250 0 305,275
SAN JUAN COMMON 798241105 1,482 92,345 SH   SOLE   0 0 92,345
SANDSTORM GOLD LTD CO COMMON 80013R206 718 122,790 SH   SOLE   4,700 0 118,090
SARATOGA RES INC TEX COMMON 803521103 314 205,150 SH   SOLE   22,400 0 182,750
SAUL CENTERS 8.00% A PREFERR 804095200 354 13,653 SH   SOLE   0 0 13,653
SEABRIDGE GOLD INC SA COMMON 811916105 554 58,705 SH   SOLE   0 0 58,705
SEASPAN CORP SSW COMMON Y75638109 709 34,170 SH   SOLE   3,000 0 31,170
SENIOR HSG PPTYS SNH REAL ES 81721M109 556 21,440 SH   SOLE   0 0 21,440
SIGNATURE BK NEW YORK COMMON 82669G104 230 2,775 SH   SOLE   325 0 2,450
SILVER WHEATON CORP S COMMON 828336107 1,611 81,913 SH   SOLE   1,850 0 80,063
SILVERCREST MINES SVL COMMON 828365106 65 46,600 SH   SOLE   15,000 0 31,600
SMARTPROS LTD SPRO COMMON 83171G103 290 165,475 SH   SOLE   5,000 0 160,475
SPARTON CORP SPA COMMON 847235108 3,124 181,225 SH   SOLE   7,000 0 174,225
SPDR GOLD TRUST COMMON 78463V107 299 2,511 SH   SOLE   0 0 2,511
SPECTRUM PHARMA SPPI COMMON 84763A108 1,918 257,095 SH   SOLE   3,500 0 253,595
STANDARD PARKING CORP COMMON 853790103 2,278 106,155 SH   SOLE   4,000 0 102,155
STAR BUFFET INC STRZQ COMMON 855086104 73 33,625 SH   SOLE   0 0 33,625
STERICYCLE INC SRCL COMMON 858912108 5,360 48,540 SH   SOLE   3,200 0 45,340
STORM CAT ENERGY CORP COMMON 862168101 0 193,700 SH   SOLE   0 0 193,700
STRATEGIC HTL 8.25% C PREFERR 86272T502 948 39,490 SH   SOLE   0 0 39,490
SUNOPTA INC STKL COMMON 8676EP108 1,416 186,602 SH   SOLE   10,000 0 176,602
SUPERCONDUCTOR TECH S COMMON 867931404 310 98,461 SH   SOLE   5,000 0 93,461
SYMBILITY SOLUTIONS A COMMON 87150W104 10 25,000 SH   SOLE   0 0 25,000
T3 I WARR $3.50 5/13/16 WARRANT 89853X124 5 177,100 SH   SOLE   5,000 0 172,100
T3 MOTION INC TTTM COMMON 89853X306 10 283,900 SH   SOLE   40,800 0 243,100
TARGA RESOURCES COMMON 87611X105 2,998 59,425 SH   SOLE   0 0 59,425
TEAM INC TISI COMMON 878155100 3,741 98,845 SH   SOLE   6,000 0 92,845
TORTOISE ENERGY INFRA TYG COMMON 89147L100 207 4,450 SH   SOLE   0 0 4,450
TORTOISE MLP FD NTG MUTUAL 89148B101 2,749 94,047 SH   SOLE   0 0 94,047
TRAVELCENTERS OF AMERICA COMMON 894174101 109 10,000 SH   SOLE   10,000 0 0
TRIANGLE PETROLEUM TP COMMON 89600B201 3,503 499,777 SH   SOLE   19,000 0 480,777
TRUETT-HURST INC THST COMMON 897871109 1,415 239,850 SH   SOLE   8,000 0 231,850
TYLER TECHNOLOGIES TY COMMON 902252105 5,731 83,600 SH   SOLE   3,000 0 80,600
USA COMPRESSION COMMON 90290N109 487 20,700 SH   SOLE   0 0 20,700
U M H PROPERTIES UMH REAL ES 903002103 720 70,125 SH   SOLE   0 0 70,125
U S PHYSICAL THERAPY COMMON 90337L108 2,717 98,298 SH   SOLE   4,000 0 94,298
UROPLASTY INC UPI COMMON 917277204 673 325,022 SH   SOLE   15,000 0 310,022
VANGUARD NAT RES COMMON 92205F106 1,878 67,320 SH   SOLE   0 0 67,320
VENAXIS INC COM APPY COMMON 92262A107 581 476,584 SH   SOLE   30,500 0 446,084
WAVE SYSTEMS CORP WAV COMMON 943526301 109 364,125 SH   SOLE   20,000 0 344,125
WESDOME GOLD MINES WD COMMON 95083R100 168 479,300 SH   SOLE   21,700 0 457,600
WILLDAN GROUP INC WLD COMMON 96924N100 867 287,944 SH   SOLE   15,000 0 272,944
WINTHROP RLTY 9.25% D PREFERR 976391508 1,543 57,925 SH   SOLE   0 0 57,925
WORLDWIDE ENERGY WEMU COMMON 98158R104 0 95,475 SH   SOLE   0 0 95,475
XPLORE TECHNOLOGIES X COMMON 983950700 687 200,775 SH   SOLE   5,000 0 195,775
YAMANA GOLD INC AUY COMMON 98462Y100 650 68,308 SH   SOLE   4,656 0 63,652