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
TEEKAY OFFSHORE PARTNERS LP COM Y8565J101 423 83,500 SH   SOLE   0 83,500 0
AERIE PHARMACEUTICALS COM COM 00771V108 2,314 61,125 SH   SOLE   0 61,125 0
ALLY FINANCIAL INC COM 02005N100 361 19,000 SH   SOLE   19,000 0 0
AMAZON COM INC COM COM 023135106 241 322 SH   SOLE   0 322 0
AMERICAN INTERNATIONAL GROUP COM 026874784 490 7,500 SH   SOLE   7,000 500 0
AMERICAN TEL & TEL CO COM 00206R102 1,139 26,791 SH   SOLE   0 26,791 0
AMGEN INC COM 031162100 732 5,008 SH   SOLE   4,000 1,008 0
ANNALY MTG MGMT INC COM COM 035710409 238 23,900 SH   SOLE   0 23,900 0
APPLE COMPUTER INC W/RTS COM 037833100 2,423 20,917 SH   SOLE   2,500 18,417 0
APPLIED DNA SCIENCES I COM NEW COM 03815U201 255 138,000 SH   SOLE   0 138,000 0
APPLIED MATERIALS INC COM 038222105 323 10,000 SH   SOLE   0 10,000 0
ARBOR RLTY TR INC COM COM 038923108 2,921 391,583 SH   SOLE   0 389,983 1,600
AXOGEN INC COM COM 05463x106 103 11,500 SH   SOLE   0 11,500 0
BALLANTYNE STRONG INC COM COM 058516105 384 48,000 SH   SOLE   0 48,000 0
BARCLAYS BK PLC IPATH S&P500 V COM 06740q252 528 20,700 SH   SOLE   6,000 13,700 1,000
BERKSHIRE HATHAWAY INC COM 084670108 732 3 SH   SOLE   0 3 0
BRIDGELINE DIGITAL INC COM NEW COM 10807q304 13 20,000 SH   SOLE   0 20,000 0
BRISTOL-MYERS SQUIBB CO COM 110122108 5,273 90,234 SH   SOLE   3,500 85,734 1,000
CAPITAL PRODUCT PARTNE COM UNI COM Y11082107 465 146,280 SH   SOLE   0 146,280 0
CELLDEX THERAPEUTICS I COM COM 15117b103 236 66,800 SH   SOLE   0 66,800 0
CENTURY CASINOS INC COM 156492100 144 17,500 SH   SOLE   17,500 0 0
CHIMERA INVT CORP COM NEW COM 16934q208 2,048 120,320 SH   SOLE   0 116,520 3,800
CITIGROUP INC COM 172967424 3,374 56,780 SH   SOLE   11,000 44,680 1,100
COACH INC COM COM 189754104 1,953 55,770 SH   SOLE   0 55,770 0
COLGATE PALMOLIVE CO COM 194162103 327 5,000 SH   SOLE   0 5,000 0
COLONY FINL INC COM COM 19624R106 2,875 141,967 SH   SOLE   0 137,867 4,100
CONNECTONE BANCORP INC COM COM 20786W107 213 8,206 SH   SOLE   0 8,206 0
CONOCO PHILLIPS COM 20825C104 596 11,877 SH   SOLE   0 11,877 0
COVANTA HOLDING CORP COM 22282E102 2,053 131,576 SH   SOLE   11,500 116,776 3,300
CPI AEROSTRUCTURES INC COM NEW COM 125919308 383 41,400 SH   SOLE   0 41,400 0
DEVON ENERGY CORP COM 25179M103 1,233 27,003 SH   SOLE   4,000 22,403 600
DONNELLEY R R & SONS C COM COM 257867200 204 12,508 SH   SOLE   12,500 8 0
FACEBOOK INC CL A COM 30303M102 454 3,950 SH   SOLE   0 3,950 0
FALCONSTOR SOFTWARE INC COM 306137100 89 198,000 SH   SOLE   0 198,000 0
FEDERAL NATIONAL MORTGAGE ASSN COM 313586109 97 25,000 SH   SOLE   25,000 0 0
FEDEX CORP COM 31428X106 242 1,300 SH   SOLE   0 1,300 0
FORTRESS INVT GROUP LLC CL A COM 34958B106 146 30,000 SH   SOLE   30,000 0 0
GALECTIN THERAPEUTICS INC COM 363225202 194 198,200 SH   SOLE   0 198,200 0
GENERAL DYNAMICS CORP W/RTS TO COM 369550108 432 2,500 SH   SOLE   2,500 0 0
GENERAL ELECTRIC CO COM 369604103 1,094 34,616 SH   SOLE   0 34,616 0
GENERAL MOTORS CO COM 37045V100 5,158 148,043 SH   SOLE   8,000 137,343 2,700
GLOBAL ENERGY HLDGS GR COM COM 37991A100 0 58,335 SH   SOLE   0 58,335 0
GLOBAL SHIP LEASE INC SHS A COM y27183105 124 82,800 SH   SOLE   0 82,800 0
HC2 HLDGS INC COM COM 404139107 208 35,000 SH   SOLE   35,000 0 0
HCP INC COM COM 40414L109 947 31,850 SH   SOLE   0 31,850 0
HERCULES TECHNOLOGY GROWTH COM 427096508 3,641 258,023 SH   SOLE   25,000 230,818 2,205
HOUSTON AMERN ENERGY C COM COM 44183U100 281 1,578,459 SH   SOLE   0 1,578,459 0
ISHARES TR MTG REL ETF NEW COM 46435g342 1,141 27,137 SH   SOLE   0 26,887 250
ISHARES TR S&P 100 IDX FD COM 464287101 915 9,215 SH   SOLE   0 9,215 0
ISTAR FINANCIAL INC COM 45031U101 764 61,750 SH   SOLE   0 59,850 1,900
JOHNSON & JOHNSON COM 478160104 397 3,448 SH   SOLE   0 3,448 0
KENNEDY - WILSON HOLDINGS INC. COM 489398107 666 32,500 SH   SOLE   32,500 0 0
KKR & CO L P DEL COM UNITS COM 48248M102 2,425 157,592 SH   SOLE   0 154,935 2,657
KRATOS DEFENSE & SECURITY COM 50077B207 259 35,000 SH   SOLE   35,000 0 0
MACYS INC COM COM 55616p104 233 6,500 SH   SOLE   6,500 0 0
MEDICAL PPTYS TR INC COM COM 58463J304 2,411 196,000 SH   SOLE   0 193,900 2,100
MERCK & CO INC COM 58933Y105 886 15,050 SH   SOLE   0 15,050 0
MFA FINANCIAL INC COM 55272X102 1,942 254,522 SH   SOLE   0 250,722 3,800
MFS CHARTER INCOME TRUST-SBI COM 552727109 457 53,650 SH   SOLE   0 53,150 500
MICROSOFT CORP COM 594918104 2,872 46,215 SH   SOLE   14,000 31,315 900
MONDELEZ INTL INC CL A COM 609207105 2,976 67,133 SH   SOLE   0 65,333 1,800
MONMOUTH REAL ESTATE INVT CORP COM 609720107 1,602 105,100 SH   SOLE   0 101,100 4,000
NASDAQ 100 SHARES COM 73935A104 225 1,900 SH   SOLE   0 1,900 0
NETFLIX INC COM COM 64110l106 260 2,100 SH   SOLE   0 2,100 0
NEW LEAF BRANDS INC COM COM 646390104 0 2,435,940 SH   SOLE   0 2,435,940 0
OMEGA HEALTHCARE INVS COM COM 681936100 749 23,975 SH   SOLE   0 23,975 0
PFIZER INC. COM 717081103 3,876 119,349 SH   SOLE   7,500 109,149 2,700
PHANTOM FIBER CORP COM NEW COM 717106207 0 100,000 SH   SOLE   0 100,000 0
PICO HOLDINGS INC COM 693366205 454 30,000 SH   SOLE   30,000 0 0
PLATFORM SPECIALTY PRO COM COM 72766q105 137 14,000 SH   SOLE   14,000 0 0
PRESIDENTIAL RLTY NEW CL B COM 741004204 2 30,700 SH   SOLE   0 30,700 0
PROCTER & GAMBLE CO COM 742718109 1,175 13,975 SH   SOLE   0 13,975 0
PROSHARES TR PSHS ULTSH TR TRE COM 74347B201 286 7,000 SH   SOLE   7,000 0 0
PROSHARES ULTRASHORT S&P500 COM 74347B300 200 13,225 SH   SOLE   7,500 5,725 0
READING INTERNATINAL CL A COM 755408101 458 27,600 SH   SOLE   15,000 12,600 0
REAL INDUSTRY INC COM 75601W104 274 45,000 SH   SOLE   45,000 0 0
RED LION HOTELS CORP COM 756764106 2,086 249,850 SH   SOLE   92,000 153,950 3,900
REDWOOD TR INC COM COM 758075402 1,732 113,867 SH   SOLE   0 110,867 3,000
RELM WIRELESS CORP COM COM 759525108 7,862 1,655,148 SH   SOLE   0 1,655,148 0
RETAIL OPPORTUNITY INVESTMEN COM 76131N101 507 24,000 SH   SOLE   15,000 9,000 0
ROCKWELL MED INC COM COM 774374102 158 24,100 SH   SOLE   0 24,100 0
ROYAL GOLD INC COM 780287108 431 6,800 SH   SOLE   1,000 5,600 200
SANOFI SPONSORED ADR COM 80105n105 526 13,000 SH   SOLE   0 13,000 0
SAREPTA THERAPEUTICS I COM COM 803607100 206 7,500 SH   SOLE   0 7,500 0
SECTOR SPDR TR SBI INT-ENERGY COM 81369Y506 796 10,568 SH   SOLE   0 10,568 0
SELECT INCOME REIT COM SH BEN COM 81618T100 2,030 80,550 SH   SOLE   0 79,750 800
SELECT SECTOR SPDR TR SBI HEAL COM 81369y209 240 3,475 SH   SOLE   0 3,475 0
SPARTON CORP COM 847235108 2,443 102,424 SH   SOLE   19,000 81,624 1,800
SPDR GOLD TRUST GOLD SHS COM 78463v107 442 4,035 SH   SOLE   4,000 35 0
SPROTT PHYSICAL GOLD UNIT COM 85207H104 2,526 268,971 SH   SOLE   0 260,671 8,300
SUNSHINE HEART INC COM COM 86782U106 28 79,600 SH   SOLE   0 79,600 0
SYSOREX GLOBAL COM NEW COM 87184n203 12 50,000 SH   SOLE   50,000 0 0
TEREX CORP NEW COM 880779103 908 28,800 SH   SOLE   0 28,800 0
TRINITY BIOTECH PLC-SPON ADR COM 896438306 329 47,541 SH   SOLE   10,000 35,541 2,000
UNITED CONTL HLDGS INC COM COM 910047109 292 4,000 SH   SOLE   4,000 0 0
VANGUARD INDEX FDS REIT ETF COM 922908553 356 4,315 SH   SOLE   0 4,315 0
VANGUARD INDEX FDS STK MRK ETF COM 922908769 298 2,580 SH   SOLE   0 2,580 0
VERIZON COMMUNICATIONS COM 92343V104 307 5,745 SH   SOLE   0 5,745 0
VERTEX ENERGY INC COM COM 92534K107 515 392,969 SH   SOLE   0 392,969 0
VOLT INFO SCIENCES INC COM 928703107 2,267 330,923 SH   SOLE   68,000 254,023 8,900
WALGREENS BOOTS ALLIAN COM COM 931427108 414 5,000 SH   SOLE   5,000 0 0
WALT DISNEY CO W/RTS TO PUR COM 254687106 745 7,150 SH   SOLE   0 7,150 0
WISDOMTREE TR EMERG MKTS ETF COM 97717W315 349 9,349 SH   SOLE   0 9,349 0
SEASPAN CORPORATION CUM RED PRD Y75638208 648 31,850 SH   SOLE   0 31,850 0
TSAKOS ENERGY NAVIGATION LT PRD G9108L124 260 10,300 SH   SOLE   0 10,300 0
CHS INC 8 CUM REDEEMABLE PFD PRD 12542R209 1,290 44,057 SH   SOLE   0 41,557 2,500
GOLDMAN SACHS GROUP INC 6.20 PRD 38144X500 247 9,700 SH   SOLE   0 9,700 0
GOLDMAN SACHS GROUP PFD A 1/10 PRD 38143Y665 1,031 46,669 SH   SOLE   0 44,969 1,700
METLIFE INC PFD A FLT RATE PRD 59156R504 561 24,100 SH   SOLE   0 23,300 800
MORGAN STANLEY DEP SHS REPSTG PRD 61747S504 582 25,305 SH   SOLE   0 23,705 1,600
ABERDEEN ASIA PAC INCM COM COM 003009107 164 35,500 SH   SOLE   0 35,500 0
BLACKROCK CORE BD TR SHS BEN I COM 09249E101 1,015 78,054 SH   SOLE   0 78,054 0
BLACKROCK MUNIHLDNGS C COM COM 09254L107 465 33,000 SH   SOLE   0 33,000 0
BLACKSTONE GSO RTE FND COM COM 09256U105 1,597 88,328 SH   SOLE   0 87,328 1,000
BOULDER GROWTH & INCOM COM COM 101507101 1,261 141,000 SH   SOLE   0 135,500 5,500
FPA NEW INCOME INC COM COM 302544101 276 27,663 SH   SOLE   0 27,663 0
KAYNE ANDERSON MLP INV COM COM 486606106 347 17,700 SH   SOLE   0 17,700 0
LEUTHOLD FDS INC GRIZZLY SHORT COM 527289300 1,923 305,200 SH   SOLE   0 297,700 7,500
LORD ABBETT INVT TR SH DURA IN COM 543916464 122 28,401 SH   SOLE   0 28,401 0
MFS INTER INCOME FD SH BEN INT COM 55273C107 303 68,300 SH   SOLE   0 68,300 0
NUVEEN DOW 30 DYNAMIC OVERWRIT COM 67075f105 591 39,389 SH   SOLE   0 39,389 0
PIMCO DYNAMIC CR INCOM COM SHS COM 72202D106 321 15,900 SH   SOLE   0 15,900 0
RIVERPARK FDS TR STRAT INC RTA COM 76882k751 97 10,257 SH   SOLE   0 10,257 0
TEMPLETON INCOME TR GLO TOTRTN COM 880208855 877 72,504 SH   SOLE   0 72,504 0
VANGUARD FXD INC SECS SHTM INV COM 922031406 108 10,134 SH   SOLE   0 10,134 0
BIOLINERX LTD SPONSORED ADR ADR 09071M106 40 44,000 SH   SOLE   0 44,000 0
TEVA PHARMACEUTCL INDS ADR ADR 881624209 1,111 30,644 SH   SOLE   0 30,644 0
APPLIED DNA SCIENCES I WT EXP WT 03815u110 8 16,000 SH   SOLE   0 16,000 0
NUVERRA ENVIRONMENTAL SOL WTS WT 67091K112 0 82,501 SH   SOLE   0 82,501 0
GM 10JUL19 18.33 C Option 37045V126 414 24,101 SH Call SOLE   15,000 9,101 0