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
3M CO COM 88579Y101 306 2,258 SH   SOLE   0 0 2,258
ABB LTD SPONSORED ADR 000375204 206 8,000 SH   SOLE   0 0 8,000
ABERDEEN ASIA PACIFIC INCOM COM 003009107 1,631 267,086 SH   SOLE   0 0 267,086
ABERDEEN GLOBAL INCOME FD IN COM 003013109 189 17,500 SH   SOLE   0 0 17,500
AGL RES INC COM 001204106 297 6,078 SH   SOLE   0 0 6,078
ALCOA INC COM 013817101 681 52,967 SH   SOLE   0 0 52,967
ALIGN TECHNOLOGY INC COM 016255101 258 5,000 SH   SOLE   0 0 5,000
ALLIANCEBERNSTEIN INCOME FUN COM 01881E101 298 40,664 SH   SOLE   0 0 40,664
ALLSTATE CORP COM 020002101 264 4,676 SH   SOLE   0 0 4,676
ALTRIA GROUP INC COM 02209S103 217 5,804 SH   SOLE   0 0 5,804
AMERICAN SOFTWARE INC CL A 029683109 266 26,237 SH   SOLE   0 0 26,237
AMKOR TECHNOLOGY INC COM 031652100 73 10,700 SH   SOLE   0 0 10,700
AMPIO PHARMACEUTICALS INC COM 03209T109 63 10,000 SH   SOLE   0 0 10,000
ANNALY CAP MGMT INC COM 035710409 1,051 95,853 SH   SOLE   0 0 95,853
APPLE INC COM 037833100 1,889 3,520 SH   SOLE   0 0 3,520
ARCHER DANIELS MIDLAND CO COM 039483102 429 9,904 SH   SOLE   0 0 9,904
ARGAN INC COM 04010E109 208 7,000 SH   SOLE   0 0 7,000
ASTRAZENECA PLC SPONSORED ADR 046353108 344 5,311 SH   SOLE   0 0 5,311
AT&T INC COM 00206R102 4,466 127,352 SH   SOLE   0 0 127,352
ATLAS PIPELINE PARTNERS LP UNIT L P INT 049392103 1,024 31,900 SH   SOLE   0 0 31,900
BANCO SANTANDER SA ADR 05964H105 440 46,001 SH   SOLE   0 0 46,001
BANK NEW YORK MELLON CORP COM 064058100 229 6,503 SH   SOLE   0 0 6,503
BANK OF AMERICA CORPORATION COM 060505104 419 24,388 SH   SOLE   0 0 24,388
BARNES & NOBLE INC COM 067774109 229 11,000 SH   SOLE   0 0 11,000
BEMIS INC COM 081437105 903 23,012 SH   SOLE   0 0 23,012
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 1,099 8,801 SH   SOLE   0 0 8,801
BHP BILLITON LTD SPONSORED ADR 088606108 203 3,000 SH   SOLE   0 0 3,000
BIOGEN IDEC INC COM 09062X103 281 920 SH   SOLE   0 0 920
BLACKROCK ENHANCED EQT DIV T COM 09251A104 1,507 189,801 SH   SOLE   0 0 189,801
BLACKROCK INCOME TR INC COM 09247F100 71 11,000 SH   SOLE   0 0 11,000
BLACKROCK LTD DURATION INC T COM SHS 09249W101 215 12,550 SH   SOLE   0 0 12,550
BLUEPHOENIX SOLUTIONS LTD SHS NEW M20157117 444 102,079 SH   SOLE   0 0 102,079
BOEING CO COM 097023105 627 4,997 SH   SOLE   0 0 4,997
BOX SHIPS INCORPORATED SHS Y09675102 40 16,750 SH   SOLE   0 0 16,750
BP PLC SPONSORED ADR 055622104 719 14,967 SH   SOLE   0 0 14,967
BRISTOL MYERS SQUIBB CO COM 110122108 9,851 189,639 SH   SOLE   0 0 189,639
BTU INTL INC COM 056032105 219 70,435 SH   SOLE   0 0 70,435
BUCKEYE PARTNERS L P UNIT LTD PARTN 118230101 878 11,700 SH   SOLE   0 0 11,700
CALAMOS STRATEGIC TOTL RETN COM SH BEN INT 128125101 443 39,868 SH   SOLE   0 0 39,868
CAPSTEAD MTG CORP COM NO PAR 14067E506 267 21,162 SH   SOLE   0 0 21,162
CBRE CLARION GLOBAL REAL EST COM 12504G100 1,893 226,787 SH   SOLE   0 0 226,787
CHESAPEAKE LODGING TR SH BEN INT 165240102 205 8,000 SH   SOLE   0 0 8,000
CHEVRON CORP NEW COM 166764100 3,593 30,221 SH   SOLE   0 0 30,221
CISCO SYS INC COM 17275R102 5,319 237,339 SH   SOLE   0 0 237,339
CMS ENERGY CORP COM 125896100 1,284 43,875 SH   SOLE   0 0 43,875
COLUMBIA SELIGM PREM TECH GR COM 19842X109 287 18,200 SH   SOLE   0 0 18,200
COMCAST CORP NEW CL A 20030N101 381 7,633 SH   SOLE   0 0 7,633
CONOCOPHILLIPS COM 20825C104 3,282 46,654 SH   SOLE   0 0 46,654
CONSOLIDATED EDISON INC COM 209115104 1,736 32,368 SH   SOLE   0 0 32,368
CORNING INC COM 219350105 8,875 426,315 SH   SOLE   0 0 426,315
CSX CORP COM 126408103 480 16,596 SH   SOLE   0 0 16,596
CUI GLOBAL INC COM NEW 126576206 408 37,169 SH   SOLE   0 0 37,169
CUTWATER SELECT INCOME FD COM 232229104 759 39,100 SH   SOLE   0 0 39,100
DANAHER CORP DEL COM 235851102 352 4,700 SH   SOLE   0 0 4,700
DELCATH SYS INC COM 24661P104 5 18,300 SH   SOLE   0 0 18,300
DELTA AIR LINES INC DEL COM NEW 247361702 3,212 92,702 SH   SOLE   0 0 92,702
DIRECTV COM 25490A309 221 2,896 SH   SOLE   0 0 2,896
DISNEY WALT CO COM DISNEY 254687106 531 6,632 SH   SOLE   0 0 6,632
DORMAN PRODUCTS INC COM 258278100 921 15,600 SH   SOLE   0 0 15,600
DOW CHEM CO COM 260543103 2,020 41,576 SH   SOLE   0 0 41,576
DREYFUS STRATEGIC MUNS INC COM 261932107 376 46,500 SH   SOLE   0 0 46,500
DU PONT E I DE NEMOURS & CO COM 263534109 8,186 122,001 SH   SOLE   0 0 122,001
DUKE ENERGY CORP NEW COM NEW 26441C204 1,200 16,862 SH   SOLE   0 0 16,862
DUPONT FABROS TECHNOLOGY INC COM 26613Q106 1,359 56,500 SH   SOLE   0 0 56,500
E M C CORP MASS COM 268648102 679 24,782 SH   SOLE   0 0 24,782
EATON VANCE LTD DUR INCOME F COM 27828H105 399 26,200 SH   SOLE   0 0 26,200
EATON VANCE SR INCOME TR SH BEN INT 27826S103 307 44,615 SH   SOLE   0 0 44,615
EATON VANCE TAX ADVT DIV INC COM 27828G107 332 16,900 SH   SOLE   0 0 16,900
EATON VANCE TX ADV GLBL DIV COM 27828S101 3,701 220,698 SH   SOLE   0 0 220,698
EGA EMERGING GLOBAL SHS TR EGS INDI INF ETF 268461845 274 24,000 SH   SOLE   0 0 24,000
ELECTRO RENT CORP COM 285218103 243 13,850 SH   SOLE   0 0 13,850
ENCORE WIRE CORP COM 292562105 278 5,750 SH   SOLE   0 0 5,750
ENERGY TRANSFER PRTNRS L P UNIT LTD PARTN 29273R109 220 4,098 SH   SOLE   0 0 4,098
ENTERPRISE PRODS PARTNERS L COM 293792107 666 9,603 SH   SOLE   0 0 9,603
EUROSEAS LTD COM NEW Y23592200 1,589 1,271,457 SH   SOLE   0 0 1,271,457
EVOLUTION PETROLEUM CORP COM 30049A107 2,405 188,932 SH   SOLE   0 0 188,932
EXELON CORP COM 30161N101 5,415 161,377 SH   SOLE   0 0 161,377
EXXON MOBIL CORP COM 30231G102 2,471 25,300 SH   SOLE   0 0 25,300
FIFTH THIRD BANCORP COM 316773100 2,231 97,200 SH   SOLE   0 0 97,200
FLEXTRONICS INTL LTD ORD Y2573F102 1,126 121,953 SH   SOLE   0 0 121,953
FORD MTR CO DEL COM PAR $0.01 345370860 214 13,756 SH   SOLE   0 0 13,756
FOSTER L B CO COM 350060109 1,304 27,840 SH   SOLE   0 0 27,840
FRONTIER COMMUNICATIONS CORP COM 35906A108 8,915 1,562,749 SH   SOLE   0 0 1,562,749
FURMANITE CORPORATION COM 361086101 5,414 551,376 SH   SOLE   0 0 551,376
GENERAL ELECTRIC CO COM 369604103 7,133 275,520 SH   SOLE   0 0 275,520
GEO GROUP INC COM 36159R103 340 10,576 SH   SOLE   0 0 10,576
GIGOPTIX INC COM 37517Y103 35 21,354 SH   SOLE   0 0 21,354
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 612 11,455 SH   SOLE   0 0 11,455
GRACE W R & CO DEL NEW COM 38388F108 648 6,536 SH   SOLE   0 0 6,536
GRAHAM CORP COM 384556106 353 11,091 SH   SOLE   0 0 11,091
GREAT PLAINS ENERGY INC COM 391164100 2,444 90,406 SH   SOLE   0 0 90,406
GRIFFON CORP COM 398433102 567 47,500 SH   SOLE   0 0 47,500
GSE SYS INC COM 36227K106 73 42,522 SH   SOLE   0 0 42,522
HOLLYFRONTIER CORP COM 436106108 246 5,172 SH   SOLE   0 0 5,172
HSBC HLDGS PLC ADR A 1/40PF A 404280604 419 16,500 SH   SOLE   0 0 16,500
ING PRIME RATE TR SH BEN INT 44977W106 103 17,900 SH   SOLE   0 0 17,900
INNOVATIVE SOLUTIONS & SUPPO COM 45769N105 12,541 1,665,513 SH   SOLE   0 0 1,665,513
INOVIO PHARMACEUTICALS INC COM 45773H102 33 10,000 SH   SOLE   0 0 10,000
INTEGRYS ENERGY GROUP INC COM 45822P105 333 5,593 SH   SOLE   0 0 5,593
INTEL CORP COM 458140100 5,110 197,969 SH   SOLE   0 0 197,969
INTERNATIONAL BUSINESS MACHS COM 459200101 546 2,838 SH   SOLE   0 0 2,838
INTERNATIONAL SHIPHOLDING CO COM NEW 460321201 995 33,802 SH   SOLE   0 0 33,802
INVESCO PA VALUE MUN INCOME COM 46132K109 871 65,510 SH   SOLE   0 0 65,510
INVESCO QUALITY MUNI INC TRS COM 46133G107 194 16,500 SH   SOLE   0 0 16,500
INVESCO SR INCOME TR COM 46131H107 512 102,153 SH   SOLE   0 0 102,153
ION GEOPHYSICAL CORP COM 462044108 226 53,855 SH   SOLE   0 0 53,855
IRIDIUM COMMUNICATIONS INC COM 46269C102 172 23,000 SH   SOLE   0 0 23,000
ISHARES SELECT DIVID ETF 464287168 397 5,420 SH   SOLE   0 0 5,420
ISHARES TIPS BD ETF 464287176 297 2,653 SH   SOLE   0 0 2,653
ISHARES SP SMCP600GR ETF 464287887 203 1,710 SH   SOLE   0 0 1,710
ISHARES INTL SEL DIV ETF 464288448 836 21,660 SH   SOLE   0 0 21,660
JAPAN SMALLER CAPTLZTN FD IN COM 47109U104 166 18,995 SH   SOLE   0 0 18,995
JOHNSON & JOHNSON COM 478160104 1,305 13,292 SH   SOLE   0 0 13,292
JPMORGAN CHASE & CO COM 46625H100 221 3,649 SH   SOLE   0 0 3,649
KIMBERLY CLARK CORP COM 494368103 545 4,947 SH   SOLE   0 0 4,947
KULICKE & SOFFA INDS INC COM 501242101 283 22,500 SH   SOLE   0 0 22,500
LILLY ELI & CO COM 532457108 4,662 79,215 SH   SOLE   0 0 79,215
LSI INDS INC COM 50216C108 5,111 624,115 SH   SOLE   0 0 624,115
MAGNETEK INC COM NEW 559424403 3,307 174,060 SH   SOLE   0 0 174,060
MAIDEN HOLDINGS LTD SHS G5753U112 312 25,000 SH   SOLE   0 0 25,000
MANITEX INTL INC COM 563420108 2,063 126,575 SH   SOLE   0 0 126,575
MERCK & CO INC NEW COM 58933Y105 4,215 74,249 SH   SOLE   0 0 74,249
MFS MULTIMARKET INCOME TR SH BEN INT 552737108 88 13,500 SH   SOLE   0 0 13,500
MICROSOFT CORP COM 594918104 1,608 39,234 SH   SOLE   0 0 39,234
MISONIX INC COM 604871103 769 120,550 SH   SOLE   0 0 120,550
MITEK SYS INC COM NEW 606710200 200 51,700 SH   SOLE   0 0 51,700
MONMOUTH REAL ESTATE INVT CO CL A 609720107 357 37,500 SH   SOLE   0 0 37,500
MOOG INC CL A 615394202 262 4,001 SH   SOLE   0 0 4,001
NEW YORK MTG TR INC COM PAR $.02 649604501 203 26,180 SH   SOLE   0 0 26,180
NEXTERA ENERGY INC COM 65339F101 355 3,723 SH   SOLE   0 0 3,723
NISOURCE INC COM 65473P105 741 20,865 SH   SOLE   0 0 20,865
NOBLE CORP PLC SHS USD G65431101 526 16,096 SH   SOLE   0 0 16,096
NORDIC AMERICAN TANKERS LIMI COM G65773106 3,338 339,300 SH   SOLE   0 0 339,300
NORTHERN TIER ENERGY LP COM UN REPR PART 665826103 205 8,000 SH   SOLE   0 0 8,000
NOVARTIS A G SPONSORED ADR 66987V109 1,509 17,749 SH   SOLE   0 0 17,749
NTS INC NEV COM 62943B105 25 13,000 SH   SOLE   0 0 13,000
NUSTAR ENERGY LP UNIT COM 67058H102 888 16,171 SH   SOLE   0 0 16,171
NUVEEN PA INVT QUALITY MUN F COM 670972108 229 17,207 SH   SOLE   0 0 17,207
NUVEEN QUALITY PFD INCOME FD COM 67071S101 95 11,900 SH   SOLE   0 0 11,900
OCEANEERING INTL INC COM 675232102 711 9,900 SH   SOLE   0 0 9,900
OLIN CORP COM PAR $1 680665205 629 22,796 SH   SOLE   0 0 22,796
ORACLE CORP COM 68389X105 291 7,122 SH   SOLE   0 0 7,122
ORANGE SPONSORED ADR 684060106 421 28,693 SH   SOLE   0 0 28,693
ORION ENERGY SYSTEMS INC COM 686275108 262 36,226 SH   SOLE   0 0 36,226
PALATIN TECHNOLOGIES INC COM PAR $ .01 696077403 38 31,135 SH   SOLE   0 0 31,135
PARK ELECTROCHEMICAL CORP COM 700416209 272 9,125 SH   SOLE   0 0 9,125
PATRICK INDS INC COM 703343103 221 5,000 SH   SOLE   0 0 5,000
PATTERSON UTI ENERGY INC COM 703481101 429 13,550 SH   SOLE   0 0 13,550
PENN WEST PETE LTD NEW COM 707887105 267 31,950 SH   SOLE   0 0 31,950
PENNSYLVANIA RL ESTATE INVT SH BEN INT 709102107 190 10,550 SH   SOLE   0 0 10,550
PEPSICO INC COM 713448108 631 7,565 SH   SOLE   0 0 7,565
PERCEPTRON INC COM 71361F100 419 34,544 SH   SOLE   0 0 34,544
PERICOM SEMICONDUCTOR CORP COM 713831105 364 46,500 SH   SOLE   0 0 46,500
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 146 11,168 SH   SOLE   0 0 11,168
PFIZER INC COM 717081103 5,987 186,396 SH   SOLE   0 0 186,396
PHILLIPS 66 COM 718546104 318 4,131 SH   SOLE   0 0 4,131
PIONEER ENERGY SVCS CORP COM 723664108 8,044 621,171 SH   SOLE   0 0 621,171
PNC FINL SVCS GROUP INC COM 693475105 259 2,986 SH   SOLE   0 0 2,986
POINTS INTL LTD COM NEW 730843208 11,187 437,202 SH   SOLE   0 0 437,202
POTASH CORP SASK INC COM 73755L107 848 23,440 SH   SOLE   0 0 23,440
POWERSECURE INTL INC COM 73936N105 6,006 256,251 SH   SOLE   0 0 256,251
POWERSHARES ETF TRUST II CEF INC COMPST 73936Q843 321 13,000 SH   SOLE   0 0 13,000
PPL CORP COM 69351T106 314 9,477 SH   SOLE   0 0 9,477
PROCTER & GAMBLE CO COM 742718109 796 9,886 SH   SOLE   0 0 9,886
PUTNAM MASTER INTER INCOME T SH BEN INT 746909100 149 29,000 SH   SOLE   0 0 29,000
REGENCY ENERGY PARTNERS L P COM UNITS L P 75885Y107 1,414 51,949 SH   SOLE   0 0 51,949
REPUBLIC FIRST BANCORP INC COM 760416107 121 31,500 SH   SOLE   0 0 31,500
RETRACTABLE TECHNOLOGIES INC COM 76129W105 1,248 329,394 SH   SOLE   0 0 329,394
ROCKWELL AUTOMATION INC COM 773903109 211 1,698 SH   SOLE   0 0 1,698
ROGERS CORP COM 775133101 218 3,500 SH   SOLE   0 0 3,500
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 743 10,170 SH   SOLE   0 0 10,170
RTI INTL METALS INC COM 74973W107 422 15,200 SH   SOLE   0 0 15,200
SCHLUMBERGER LTD COM 806857108 1,446 14,833 SH   SOLE   0 0 14,833
SEADRILL LIMITED SHS G7945E105 242 6,902 SH   SOLE   0 0 6,902
SEANERGY MARITIME HLDGS CORP SHS Y73760129 28 16,264 SH   SOLE   0 0 16,264
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 214 3,665 SH   SOLE   0 0 3,665
SIRIUS XM HLDGS INC COM 82968B103 37 11,594 SH   SOLE   0 0 11,594
SONIC FDRY INC COM NEW 83545R207 4,873 453,748 SH   SOLE   0 0 453,748
SOUTHERN CO COM 842587107 289 6,588 SH   SOLE   0 0 6,588
SPAN AMER MED SYS INC COM 846396109 235 10,295 SH   SOLE   0 0 10,295
SPDR S&P 500 ETF TR TR UNIT 78462F103 279 1,495 SH   SOLE   0 0 1,495
SPDR SERIES TRUST NUVN BRCLY MUNI 78464A458 255 11,000 SH   SOLE   0 0 11,000
SPECTRA ENERGY CORP COM 847560109 248 6,728 SH   SOLE   0 0 6,728
STATOIL ASA SPONSORED ADR 85771P102 4,646 164,666 SH   SOLE   0 0 164,666
STUDENT TRANSN INC COM 86388A108 4,638 749,309 SH   SOLE   0 0 749,309
SUNOCO LOGISTICS PRTNRS L P COM UNITS 86764L108 414 4,557 SH   SOLE   0 0 4,557
SUNOPTA INC COM 8676EP108 1,896 160,575 SH   SOLE   0 0 160,575
SUSQUEHANNA BANCSHARES INC P COM 869099101 279 24,616 SH   SOLE   0 0 24,616
SYNERGETICS USA INC COM 87160G107 240 78,700 SH   SOLE   0 0 78,700
TE CONNECTIVITY LTD REG SHS H84989104 363 6,037 SH   SOLE   0 0 6,037
TECO ENERGY INC COM 872375100 215 12,545 SH   SOLE   0 0 12,545
TETRA TECHNOLOGIES INC DEL COM 88162F105 2,117 165,408 SH   SOLE   0 0 165,408
TIME WARNER INC COM NEW 887317303 1,595 24,425 SH   SOLE   0 0 24,425
TORONTO DOMINION BK ONT COM NEW 891160509 2,429 51,751 SH   SOLE   0 0 51,751
TOTAL S A SPONSORED ADR 89151E109 616 9,402 SH   SOLE   0 0 9,402
TSAKOS ENERGY NAVIGATION LTD SHS G9108L108 427 55,060 SH   SOLE   0 0 55,060
U M H PROPERTIES INC COM 903002103 356 36,441 SH   SOLE   0 0 36,441
UNILEVER N V N Y SHS NEW 904784709 373 9,085 SH   SOLE   0 0 9,085
UNION PAC CORP COM 907818108 201 1,075 SH   SOLE   0 0 1,075
UNISYS CORP COM NEW 909214306 4,043 132,742 SH   SOLE   0 0 132,742
UNIVERSAL HEALTH RLTY INCM T SH BEN INT 91359E105 1,169 27,692 SH   SOLE   0 0 27,692
VERIZON COMMUNICATIONS INC COM 92343V104 4,448 93,510 SH   SOLE   0 0 93,510
WALGREEN CO COM 931422109 1,544 23,392 SH   SOLE   0 0 23,392
WAL-MART STORES INC COM 931142103 345 4,525 SH   SOLE   0 0 4,525
WASTE MGMT INC DEL COM 94106L109 201 4,800 SH   SOLE   0 0 4,800
WELLS FARGO & CO NEW COM 949746101 1,049 21,109 SH   SOLE   0 0 21,109
WESTAR ENERGY INC COM 95709T100 880 25,050 SH   SOLE   0 0 25,050
XCEL ENERGY INC COM 98389B100 1,108 36,501 SH   SOLE   0 0 36,501
XEROX CORP COM 984121103 1,938 171,585 SH   SOLE   0 0 171,585