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 416 11,771 SH   SOLE   550 0 11,221
Alcoa, Inc. COM 013817101 998 67,000 SH   SOLE   3,800 0 63,200
Amazon.com Inc. COM 023135106 538 1,655 SH   SOLE   115 0 1,540
American Express Co. COM 025816109 1,331 14,025 SH   SOLE   1,150 0 12,875
American Intl Group, Inc. COM 026874784 1,018 18,650 SH   SOLE   1,450 0 17,200
Apple Inc. COM 037833100 2,956 31,807 SH   SOLE   4,445 0 27,362
Bank of America Corp COM 060505104 864 56,198 SH   SOLE   2,500 0 53,698
Bristol-Myers Squibb Co. COM 110122108 887 18,293 SH   SOLE   1,200 0 17,093
Capital One Financial Corp. COM 14040H105 438 5,300 SH   SOLE   300 0 5,000
Caterpillar Inc COM 149123101 223 2,050 SH   SOLE   150 0 1,900
Cisco Systems Inc. COM 17275R102 1,023 41,150 SH   SOLE   1,500 0 39,650
Citigroup, Inc. COM 172967424 719 15,270 SH   SOLE   1,210 0 14,060
Corning Inc. COM 219350105 639 29,100 SH   SOLE   1,200 0 27,900
Costco Wholesale Corp COM 22160K105 1,255 10,900 SH   SOLE   575 0 10,325
Discover Financial Services COM 254709108 1,038 16,750 SH   SOLE   900 0 15,850
DuPont de Nemours & Co. COM 263534109 566 8,650 SH   SOLE   900 0 7,750
EMC Corporation COM 268648102 811 30,780 SH   SOLE   2,150 0 28,630
Energy Transfer Partners LP COM 29273R109 403 6,950 SH   SOLE   0 0 6,950
Exxon Mobil Corporation COM 30231G102 881 8,746 SH   SOLE   200 0 8,546
Ford Motor Company COM 345370860 278 16,150 SH   SOLE   1,400 0 14,750
Freeport-McMoran Copper & Gold COM 35671D857 670 18,350 SH   SOLE   1,350 0 17,000
General Electric Co COM 369604103 1,096 41,705 SH   SOLE   2,000 0 39,705
Groupon, Inc. COM 399473107 197 29,700 SH   SOLE   3,700 0 26,000
Hartford Financial Services COM 416515104 689 19,244 SH   SOLE   900 0 18,344
Honeywell Intl Inc COM 438516106 1,328 14,282 SH   SOLE   950 0 13,332
IBM Corp COM 459200101 1,149 6,338 SH   SOLE   400 0 5,938
Intel Corporation COM 458140100 1,136 36,775 SH   SOLE   2,900 0 33,875
International Paper Co. COM 460146103 717 14,200 SH   SOLE   250 0 13,950
JPMorgan Chase & Co COM 46625H100 1,242 21,549 SH   SOLE   1,550 0 19,999
Johnson & Johnson COM 478160104 240 2,290 SH   SOLE   0 0 2,290
Johnson Controls, Inc. COM 478366107 639 12,800 SH   SOLE   450 0 12,350
Legg Mason Inc. COM 524901105 559 10,900 SH   SOLE   300 0 10,600
MBIA Inc COM 55262C100 434 39,300 SH   SOLE   3,300 0 36,000
Micron Technology Inc COM 595112103 265 8,050 SH   SOLE   1,550 0 6,500
Microsoft Corporation COM 594918104 914 21,910 SH   SOLE   1,200 0 20,710
Pfizer Inc. COM 717081103 688 23,197 SH   SOLE   700 0 22,497
Philip Morris Intl COM 718172109 215 2,550 SH   SOLE   0 0 2,550
Radian Group, Inc. COM 750236101 237 16,000 SH   SOLE   800 0 15,200
Telkonet, Inc. COM 879604106 336 1,817,600 SH   SOLE   224,000 0 1,593,600
Teva Pharmaceutical COM 881624209 568 10,831 SH   SOLE   637 0 10,194
Texas Instruments, Inc. COM 882508104 705 14,750 SH   SOLE   600 0 14,150
Titan International Inc. COM 88830M102 1,046 62,200 SH   SOLE   3,000 0 59,200
Toll Brothers COM 889478103 985 26,700 SH   SOLE   1,250 0 25,450
Tractor Supply Co. COM 892356106 1,192 19,730 SH   SOLE   1,000 0 18,730
Verizon Communications, Inc. COM 92343V104 853 17,441 SH   SOLE   1,050 0 16,391
Wells Fargo & Co COM 949746101 481 9,147 SH   SOLE   100 0 9,047
Williams Partners LP COM 96950F104 524 9,650 SH   SOLE   300 0 9,350
Williams-Sonoma Inc. COM 969904101 581 8,100 SH   SOLE   800 0 7,300
Windstream Holdings Inc. COM 97382A101 333 33,400 SH   SOLE   0 0 33,400
Wyndham Worldwide Corp COM 98310W108 1,030 13,600 SH   SOLE   600 0 13,000
eBay Inc. COM 278642103 950 18,975 SH   SOLE   1,400 0 17,575