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
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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 96,167 20,396 SH SOLE 20,396 0 0
ACME UNITED CORP COMM 004816104 24,151,287 380,815 SH SOLE 380,815 0 0
ACORN ENERGY INC COMM 004848206 200,000 10,000 SH SOLE 10,000 0 0
ACRES COMMERCIAL REALTY CORP REIT 00489Q102 1,122,966 101,534 SH SOLE 101,534 0 0
AMERICAN INTEGRITY INSURANCE COMM 026948109 16,760,268 670,679 SH SOLE 670,679 0 0
AMREP CORP COMM 032159105 1,443,622 64,104 SH SOLE 64,104 0 0
ASCENT INDUSTRIES CO COMM 871565107 12,663,281 898,105 SH SOLE 898,105 0 0
BANK7 CORP COMM 06652N107 25,935,013 475,610 SH SOLE 475,610 0 0
BIG SKY INDUSTRIAL INC COMM 911805307 196,919 139,659 SH SOLE 139,659 0 0
BUTLER NATIONAL CORP COMM 123720104 6,296,867 1,564,439 SH SOLE 1,564,439 0 0
CANTERBURY PARK HOLDING CORP COMM 13811E101 227,588 14,589 SH SOLE 14,589 0 0
CENTURY CASINOS INC COMM 156492100 142,801 136,001 SH SOLE 136,001 0 0
CHAMPIONS ONCOLOGY INC COMM 15870P307 556,690 111,338 SH SOLE 111,338 0 0
CITIZENS BANCSHARES CORP COMM 173168105 2,128,770 32,700 SH SOLE 32,700 0 0
COMSTOCK HOMEBUILDING COS-A COMM 205684202 1,263,691 66,756 SH SOLE 66,756 0 0
CREATIVE REALITIES INC COMM 22530J309 2,968,216 1,168,589 SH SOLE 1,168,589 0 0
CURRENCY EXCHANGE INTERNATIO COMM 23131B307 13,505,273 613,221 SH SOLE 613,221 0 0
DLH HOLDINGS CORP COMM 23335Q100 10,663,415 2,882,004 SH SOLE 2,882,004 0 0
DRILLING TOOLS INTERNATIONAL COMM 26205E107 3,203,828 1,383,943 SH SOLE 1,383,943 0 0
ENDI CORP COMM 29260K109 304,600 20,000 SH SOLE 20,000 0 0
ENVELA CORPORATION COMM 29402E102 15,676,868 1,297,754 SH SOLE 1,297,754 0 0
EXAGEN INC COMM 30068X103 4,322,501 531,673 SH SOLE 531,673 0 0
FIRST NORTHWEST BANCORP COMM 335834107 4,410,826 440,642 SH SOLE 440,642 0 0
FITLIFE BRANDS INC COMM 33817P405 749,887 80,633 SH SOLE 80,633 0 0
FLUENT INC COMM 34380C201 1,365,738 435,642 SH SOLE 435,642 0 0
FRACTYL HEALTH INC COMM 35168W103 312,020 573,145 SH SOLE 573,145 0 0
FREIGHTOS LTD COMM G51405101 274,825 289,198 SH SOLE 289,198 0 0
FUEL TECH INC COMM 359523107 47,541 29,346 SH SOLE 29,346 0 0
HARVARD BIOSCIENCE INC COMM 416906204 983,656 124,199 SH SOLE 124,199 0 0
HEALTH CATALYST INC COMM 42225T107 1,601,132 925,510 SH SOLE 925,510 0 0
HEALTH IN TECH INC-CLASS A COMM 42217D102 1,017,712 1,240,053 SH SOLE 1,240,053 0 0
HERITAGE GLOBAL INC COMM 42727E103 2,955,000 2,273,077 SH SOLE 2,273,077 0 0
HURCO COMPANIES INC COMM 447324104 216,200 10,000 SH SOLE 10,000 0 0
IMMUCELL CORP COMM 452525306 1,996,691 203,744 SH SOLE 203,744 0 0
KEWAUNEE SCIENTIFIC CP COMM 492854104 738,849 21,447 SH SOLE 21,447 0 0
LAIRD SUPERFOOD INC COMM 50736T102 1,221,553 351,021 SH SOLE 351,021 0 0
LEGACY EDUCATION INC COMM 52474R207 7,478,730 773,395 SH SOLE 773,395 0 0
LENSAR INC - COMM 52634L108 659,000 100,000 SH SOLE 100,000 0 0
MCDERMOTT INTERNATIONAL LTD COMM G5924V148 190,773 46,530 SH SOLE 46,530 0 0
MCDERMOTT INTL LTD SHS NEW ACCD INVS COMM 58004K406 680,070 453,380 SH SOLE 453,380 0 0
MOBILE INFRASTRUCTURE CORP COMM 60739N101 112,495 39,892 SH SOLE 39,892 0 0
MOTORCAR PARTS OF AMERICA IN COMM 620071100 1,737,763 165,659 SH SOLE 165,659 0 0
NATURAL ALTERNATIVES INTL COMM 638842302 437,236 293,447 SH SOLE 293,447 0 0
NETSOL TECHNOLOGIES INC COMM 64115A402 600,310 109,346 SH SOLE 109,346 0 0
OPTEX SYSTEMS HOLDINGS INC COMM 68384X209 669,553 62,284 SH SOLE 62,284 0 0
OPTIMIZERX CORP COMM 68401U204 4,179,033 500,483 SH SOLE 500,483 0 0
OPTIMUMBANK HOLDINGS INC COMM 68401P403 1,631,538 187,103 SH SOLE 187,103 0 0
PULMONX CORP COMM 745848101 467,927 244,988 SH SOLE 244,988 0 0
QUEST RESOURCE HOLDING CORP COMM 74836W203 401,998 295,587 SH SOLE 295,587 0 0
RCM TECHNOLOGIES INC COMM 749360400 9,379,018 230,556 SH SOLE 230,556 0 0
RED ROBIN GOURMET BURGERS COMM 75689M101 7,112,424 939,554 SH SOLE 939,554 0 0
REGIS CORP COMM 758932206 3,466,940 116,732 SH SOLE 116,732 0 0
RIMINI STREET INC COMM 76674Q107 4,826,145 1,132,898 SH SOLE 1,132,898 0 0
SIFCO INDUSTRIES COMM 826546103 303,036 13,385 SH SOLE 13,385 0 0
STANDARD BIOTOOLS INC COMM 34385P108 1,622,635 2,190,973 SH SOLE 2,190,973 0 0
STAR EQUITY HOLDINGS INC COMM 443787205 3,082,355 316,139 SH SOLE 316,139 0 0
STAR HOLDINGS COMM 85512G106 375,735 43,843 SH SOLE 43,843 0 0
STRAN & CO INC COMM 86260J102 1,295,892 919,072 SH SOLE 919,072 0 0
XTANT MEDICAL HOLDINGS INC COMM 98420P308 38,871 109,466 SH SOLE 109,466 0 0