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
Expires: July 31, 2015
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
ACCESS NEWSWIRE INC COMM 46520M204 180,709 20,396 SH SOLE 20,396 0 0
ACME UNITED CORP COMM 004816104 17,094,677 380,643 SH SOLE 380,643 0 0
ACORN ENERGY INC COMM 004848206 170,000 10,000 SH SOLE 10,000 0 0
ACRES COMMERCIAL REALTY CORP REIT 00489Q102 1,785,748 92,430 SH SOLE 92,430 0 0
AMERICAN INTEGRITY INSURANCE COMM 026948109 16,242,205 842,438 SH SOLE 842,438 0 0
AMREP CORP COMM 032159105 1,423,969 50,621 SH SOLE 50,621 0 0
ASCENT INDUSTRIES CO COMM 871565107 11,802,895 886,769 SH SOLE 886,769 0 0
ASTRO-MED INC COMM 04638F108 3,501,068 380,965 SH SOLE 380,965 0 0
BANK7 CORP COMM 06652N107 18,849,681 472,660 SH SOLE 472,660 0 0
BBX CAPITAL INC COMM 073319105 1,230,459 400,801 SH SOLE 400,801 0 0
BIRCHTECH CORP COMM 59833H200 57,000 30,000 SH SOLE 30,000 0 0
BUTLER NATIONAL CORP COMM 123720104 5,108,599 1,355,066 SH SOLE 1,355,066 0 0
CANTERBURY PARK HOLDING CORP COMM 13811E101 227,443 14,589 SH SOLE 14,589 0 0
CENTURY CASINOS INC COMM 156492100 189,041 136,001 SH SOLE 136,001 0 0
CHAMPIONS ONCOLOGY INC COMM 15870P307 640,194 111,338 SH SOLE 111,338 0 0
COMSTOCK HOMEBUILDING COS-A COMM 205684202 2,266,512 119,668 SH SOLE 119,668 0 0
CREATIVE REALITIES INC COMM 22530J309 2,626,024 763,379 SH SOLE 763,379 0 0
CURRENCY EXCHANGE INTERNATIO COMM 23131B307 10,964,391 613,221 SH SOLE 613,221 0 0
DLH HOLDINGS CORP COMM 23335Q100 15,583,149 2,677,517 SH SOLE 2,677,517 0 0
EKSO BIONICS HOLDINGS INC COMM 282644400 1,015,275 95,331 SH SOLE 95,331 0 0
ENVELA CORPORATION COMM 29402E102 21,275,703 1,277,053 SH SOLE 1,277,053 0 0
EXAGEN INC COMM 30068X103 1,107,081 369,027 SH SOLE 369,027 0 0
FITLIFE BRANDS INC COMM 33817P405 406,745 28,644 SH SOLE 28,644 0 0
FLUENT INC COMM 34380C201 1,071,189 338,984 SH SOLE 338,984 0 0
FREIGHTOS LTD COMM G51405101 474,285 289,198 SH SOLE 289,198 0 0
FRIEDMAN INDUSTRIES COMM 358435105 2,886,588 162,900 SH SOLE 162,900 0 0
HEALTH IN TECH INC CL A 42217D102 1,169,368 806,461 SH SOLE 806,461 0 0
HERITAGE GLOBAL INC COMM 42727E103 3,044,028 2,238,256 SH SOLE 2,238,256 0 0
HOLLEY INC WRNT 43538H103 1,693,836 551,738 SH SOLE 551,738 0 0
IDENTIV INC COMM 45170X205 71,051 19,203 SH SOLE 19,203 0 0
KEWAUNEE SCIENTIFIC CP COMM 492854104 734,989 21,447 SH SOLE 21,447 0 0
KVH INDUSTRIES INC COMM 482738101 1,541,971 172,095 SH SOLE 172,095 0 0
LAIRD SUPERFOOD INC COMM 50736T102 764,162 355,424 SH SOLE 355,424 0 0
LEGACY EDUCATION INC COMM 52474R207 3,164,856 252,784 SH SOLE 252,784 0 0
LIPOCINE INC COMM 53630X203 533,828 66,812 SH SOLE 66,812 0 0
LSI INDUSTRIES INC COMM 50216C108 372,000 20,000 SH SOLE 20,000 0 0
MAXCYTE INC COMM 57777K106 199,527 284,024 SH SOLE 284,024 0 0
MCDERMOTT INTERNATIONAL LTD COMM G5924V148 1,209,780 46,530 SH SOLE 46,530 0 0
MDXHEALTH SA-ADR ADRS B5950S113 2,767,944 1,203,454 SH SOLE 1,203,454 0 0
MOTORCAR PARTS OF AMERICA IN COMM 620071100 1,587,586 143,543 SH SOLE 143,543 0 0
NATURAL ALTERNATIVES INTL COMM 638842302 772,455 293,709 SH SOLE 293,709 0 0
NETSOL TECHNOLOGIES INC COMM 64115A402 370,683 109,346 SH SOLE 109,346 0 0
OPTEX SYSTEMS HOLDINGS INC COMM 68384X209 857,496 64,839 SH SOLE 64,839 0 0
OPUS GENETICS INC COMM 67577R102 2,687,012 590,552 SH SOLE 590,552 0 0
PRIVATE BANCORP OF AMERICA INC COMM 74274F100 1,359,800 20,000 SH SOLE 20,000 0 0
QUEST RESOURCE HOLDING CORP COMM 74836W203 351,749 295,587 SH SOLE 295,587 0 0
RED ROBIN GOURMET BURGERS COMM 75689M101 1,162,387 396,719 SH SOLE 396,719 0 0
REGIS CORP COMM 758932206 2,491,048 100,893 SH SOLE 100,893 0 0
RIMINI STREET INC COMM 76674Q107 6,297,042 1,919,830 SH SOLE 1,919,830 0 0
SALEM MEDIA GROUP INC-CL A COMM 794093104 47,520 115,705 SH SOLE 115,705 0 0
STAR EQUITY HOLDINGS INC COMM 443787205 3,249,909 316,139 SH SOLE 316,139 0 0
STRAN & CO INC COMM 86260J102 820,733 497,414 SH SOLE 497,414 0 0
TWIN DISC INC COMM 901476101 1,676,025 111,216 SH SOLE 111,216 0 0
XTANT MEDICAL HOLDINGS INC COMM 98420P308 61,082 109,466 SH SOLE 109,466 0 0