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 2,237 49,325 SH   SOLE   0 49,325 0
ALLY FINANCIAL INC COM 02005N100 376 18,500 SH   SOLE   18,500 0 0
ALPHABET INC CAP STK CL C COM 02079k107 498 600 SH   SOLE   600 0 0
AMERICAN INTERNATIONAL GROUP COM 026874784 375 6,000 SH   SOLE   5,500 500 0
AMERICAN TEL & TEL CO COM 00206R102 1,066 25,652 SH   SOLE   0 25,652 0
AMGEN INC COM 031162100 820 5,000 SH   SOLE   4,000 1,000 0
ANNALY MTG MGMT INC COM COM 035710409 239 21,500 SH   SOLE   0 21,500 0
APPLE COMPUTER INC W/RTS COM 037833100 3,056 21,271 SH   SOLE   2,500 18,771 0
APPLIED DNA SCIENCES I COM NEW COM 03815U201 82 50,000 SH   SOLE   0 50,000 0
ARBOR RLTY TR INC COM COM 038923108 3,519 419,919 SH   SOLE   0 418,319 1,600
AXOGEN INC COM COM 05463x106 120 11,500 SH   SOLE   0 11,500 0
BARCLAYS BK PLC IPATH S&P500 V COM 06740q252 366 23,200 SH   SOLE   8,500 13,700 1,000
BERKSHIRE HATHAWAY INC COM 084670108 750 3 SH   SOLE   0 3 0
BIOSIG TECH INC COM COM 09073n102 17 12,000 SH   SOLE   0 12,000 0
BRIDGELINE DIGITAL INC COM NEW COM 10807q304 17 20,000 SH   SOLE   0 20,000 0
BRISTOL-MYERS SQUIBB CO COM 110122108 5,364 98,634 SH   SOLE   3,500 94,134 1,000
CAPITAL PRODUCT PARTNE COM UNI COM Y11082107 509 142,580 SH   SOLE   0 142,580 0
CELLDEX THERAPEUTICS I COM COM 15117b103 234 64,800 SH   SOLE   0 64,800 0
CENTURY CASINOS INC COM 156492100 132 17,500 SH   SOLE   17,500 0 0
CHIMERA INVT CORP COM NEW COM 16934q208 2,388 118,320 SH   SOLE   0 114,520 3,800
CITIGROUP INC COM 172967424 2,584 43,195 SH   SOLE   9,500 32,910 785
COACH INC COM COM 189754104 2,216 53,620 SH   SOLE   0 53,620 0
COLGATE PALMOLIVE CO COM 194162103 366 5,000 SH   SOLE   0 5,000 0
COLONY NORTHSTAR INC CL A COM COM 19625w104 2,659 205,961 SH   SOLE   0 199,951 6,010
CONOCO PHILLIPS COM 20825C104 561 11,250 SH   SOLE   0 11,250 0
COVANTA HOLDING CORP COM 22282e102 1,981 126,176 SH   SOLE   10,000 112,876 3,300
CPI AEROSTRUCTURES INC COM NEW COM 125919308 269 39,800 SH   SOLE   0 39,800 0
DEVON ENERGY CORP COM 25179M103 1,233 29,553 SH   SOLE   4,000 24,953 600
FACEBOOK INC CL A COM 30303M102 504 3,550 SH   SOLE   0 3,550 0
FEDEX CORP COM 31428X106 254 1,300 SH   SOLE   0 1,300 0
GALECTIN THERAPEUTICS INC COM 363225202 447 194,200 SH   SOLE   0 194,200 0
GENERAL DYNAMICS CORP W/RTS TO COM 369550108 468 2,500 SH   SOLE   2,500 0 0
GENERAL ELECTRIC CO COM 369604103 1,018 34,150 SH   SOLE   0 34,150 0
GENERAL MOTORS CO COM 37045V100 5,366 151,743 SH   SOLE   9,000 140,043 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 118 79,800 SH   SOLE   0 79,800 0
HC2 HLDGS INC COM COM 404139107 248 40,000 SH   SOLE   40,000 0 0
HCP INC COM COM 40414L109 924 29,550 SH   SOLE   0 29,550 0
HERCULES TECHNOLOGY GROWTH COM 427096508 3,818 252,367 SH   SOLE   25,000 225,162 2,205
HOUSTON AMERN ENERGY C COM COM 44183U100 426 1,578,459 SH   SOLE   0 1,578,459 0
ISHARES TR CORE HIGH DV ETF COM 46429b663 268 3,200 SH   SOLE   0 3,200 0
ISHARES TR EUROPE ETF COM 464287861 840 20,070 SH   SOLE   0 19,795 275
ISHARES TR MTG REL ETF NEW COM 46435g342 1,181 26,087 SH   SOLE   0 25,837 250
ISHARES TR S&P 100 IDX FD COM 464287101 965 9,215 SH   SOLE   0 9,215 0
ISTAR FINANCIAL INC COM 45031U101 698 59,150 SH   SOLE   0 57,250 1,900
ITERIS INC COM COM 46564t107 54 10,000 SH   SOLE   0 10,000 0
JOHNSON & JOHNSON COM 478160104 429 3,448 SH   SOLE   0 3,448 0
KENNEDY - WILSON HOLDINGS INC. COM 489398107 721 32,500 SH   SOLE   32,500 0 0
KKR & CO L P DEL COM UNITS COM 48248M102 2,995 164,290 SH   SOLE   0 161,633 2,657
KRATOS DEFENSE & SECURITY COM 50077B207 272 35,000 SH   SOLE   35,000 0 0
MEDICAL PPTYS TR INC COM COM 58463J304 3,056 237,100 SH   SOLE   0 235,000 2,100
MERCK & CO INC COM 58933Y105 1,156 18,200 SH   SOLE   0 18,200 0
MFA FINANCIAL INC COM 55272X102 2,002 247,822 SH   SOLE   0 244,022 3,800
MFS CHARTER INCOME TRUST-SBI COM 552727109 455 52,850 SH   SOLE   0 52,350 500
MICROSOFT CORP COM 594918104 3,044 46,215 SH   SOLE   14,000 31,315 900
MONDELEZ INTL INC CL A COM 609207105 2,849 66,133 SH   SOLE   0 64,333 1,800
MONMOUTH REAL ESTATE INVT CORP COM 609720107 1,500 105,100 SH   SOLE   0 101,100 4,000
NASDAQ 100 SHARES COM 73935A104 252 1,900 SH   SOLE   0 1,900 0
NETFLIX INC COM COM 64110l106 458 3,100 SH   SOLE   0 3,100 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 751 22,775 SH   SOLE   0 22,775 0
PFIZER INC. COM 717081103 4,001 116,949 SH   SOLE   7,500 106,749 2,700
PHANTOM FIBER CORP COM NEW COM 717106207 0 100,000 SH   SOLE   0 100,000 0
PICO HOLDINGS INC COM 693366205 420 30,000 SH   SOLE   30,000 0 0
PLATFORM SPECIALTY PRO COM COM 72766q105 182 14,000 SH   SOLE   14,000 0 0
PRESIDENTIAL RLTY NEW CL B COM 741004204 17 115,300 SH   SOLE   0 115,300 0
PROCTER & GAMBLE CO COM 742718109 1,199 13,350 SH   SOLE   0 13,350 0
PROSHARES TR PSHS ULTSH TR TRE COM 74347B201 274 7,000 SH   SOLE   7,000 0 0
PROSHARES ULTRASHORT S&P500 COM 74347B300 175 13,000 SH   SOLE   7,500 5,500 0
READING INTERNATINAL CL A COM 755408101 429 27,600 SH   SOLE   15,000 12,600 0
REAL INDUSTRY INC COM 75601W104 121 42,500 SH   SOLE   42,500 0 0
RED LION HOTELS CORP COM 756764106 1,753 248,674 SH   SOLE   92,500 152,274 3,900
REDWOOD TR INC COM COM 758075402 1,876 112,967 SH   SOLE   0 109,967 3,000
RELM WIRELESS CORP COM COM 759525108 8,148 1,629,648 SH   SOLE   0 1,629,648 0
RETAIL OPPORTUNITY INVESTMEN COM 76131N101 505 24,000 SH   SOLE   15,000 9,000 0
ROCKWELL MED INC COM COM 774374102 146 23,400 SH   SOLE   0 23,400 0
ROYAL GOLD INC COM 780287108 476 6,800 SH   SOLE   1,000 5,600 200
SANOFI SPONSORED ADR COM 80105n105 557 12,300 SH   SOLE   0 12,300 0
SAREPTA THERAPEUTICS I COM COM 803607100 222 7,500 SH   SOLE   0 7,500 0
SECTOR SPDR TR SBI INT-ENERGY COM 81369Y506 382 5,468 SH   SOLE   0 5,468 0
SELECT INCOME REIT COM SH BEN COM 81618T100 2,049 79,450 SH   SOLE   0 78,650 800
SELECT SECTOR SPDR TR SBI HEAL COM 81369y209 251 3,375 SH   SOLE   0 3,375 0
SPARTON CORP COM 847235108 2,147 102,301 SH   SOLE   19,000 81,501 1,800
SPDR GOLD TRUST GOLD SHS COM 78463v107 479 4,035 SH   SOLE   4,000 35 0
SPROTT PHYSICAL GOLD UNIT COM 85207H104 2,719 266,071 SH   SOLE   0 257,771 8,300
TEREX CORP NEW COM 880779103 870 27,700 SH   SOLE   0 27,700 0
TIME WARNER INC NEW COM 887317303 254 2,600 SH   SOLE   0 2,600 0
TRINITY BIOTECH PLC-SPON ADR COM 896438306 241 40,472 SH   SOLE   10,000 29,472 1,000
VANGUARD INDEX FDS REIT ETF COM 922908553 315 3,815 SH   SOLE   0 3,815 0
VANGUARD INDEX FDS STK MRK ETF COM 922908769 307 2,530 SH   SOLE   0 2,530 0
VERIZON COMMUNICATIONS COM 92343V104 296 6,068 SH   SOLE   0 6,068 0
VERTEX ENERGY INC COM COM 92534K107 429 386,669 SH   SOLE   0 386,669 0
VIASAT INC COM 92552V100 1,315 20,600 SH   SOLE   2,000 18,300 300
VOLT INFO SCIENCES INC COM 928703107 2,387 345,940 SH   SOLE   71,500 265,540 8,900
WALGREENS BOOTS ALLIAN COM COM 931427108 2,741 33,000 SH   SOLE   5,000 27,500 500
WALT DISNEY CO W/RTS TO PUR COM 254687106 471 4,150 SH   SOLE   0 4,150 0
WISDOMTREE TR EMERG MKTS ETF COM 97717W315 574 14,049 SH   SOLE   0 13,949 100
EASPAN CORPORATION CUM RED PRD Y75638208 656 29,550 SH   SOLE   0 29,550 0
TSAKOS ENERGY NAVIGATION LT PRD G9108L124 259 10,100 SH   SOLE   0 10,100 0
CHS INC 8 CUM REDEEMABLE PFD PRD 12542R209 1,328 43,857 SH   SOLE   0 41,357 2,500
GOLDMAN SACHS GROUP INC 6.20 PRD 38144X500 245 9,200 SH   SOLE   0 9,200 0
GOLDMAN SACHS GROUP PFD A 1/10 PRD 38143Y665 1,092 46,069 SH   SOLE   0 44,369 1,700
METLIFE INC PFD A FLT RATE PRD 59156R504 599 24,100 SH   SOLE   0 23,300 800
MORGAN STANLEY DEP SHS REPSTG PRD 61747S504 574 24,305 SH   SOLE   0 22,705 1,600
ABERDEEN ASIA PAC INCM COM COM 003009107 155 31,100 SH   SOLE   0 31,100 0
BLACKROCK CORE BD TR SHS BEN I COM 09249e101 1,149 86,054 SH   SOLE   0 86,054 0
BLACKROCK MUNIHLDNGS C COM COM 09254L107 468 33,000 SH   SOLE   0 33,000 0
BLACKSTONE GSO RTE FND COM COM 09256U105 1,565 86,728 SH   SOLE   0 85,728 1,000
BOULDER GROWTH & INCOM COM COM 101507101 1,316 141,500 SH   SOLE   0 136,000 5,500
FPA NEW INCOME INC COM COM 302544101 277 27,663 SH   SOLE   0 27,663 0
KAYNE ANDERSON MLP INV COM COM 486606106 304 14,500 SH   SOLE   0 14,500 0
LEUTHOLD FDS INC GRIZZLY SHORT COM 527289300 1,749 301,500 SH   SOLE   0 294,000 7,500
LORD ABBETT INVT TR SH DURA IN COM 543916464 148 34,475 SH   SOLE   0 34,475 0
MFS INTER INCOME FD SH BEN INT COM 55273C107 301 69,800 SH   SOLE   0 69,800 0
NUVEEN DOW 30 DYNAMIC OVERWRIT COM 67075f105 569 36,365 SH   SOLE   0 36,365 0
PIMCO DYNAMIC CR INCOM COM SHS COM 72202D106 330 15,400 SH   SOLE   0 15,400 0
RIVERPARK FDS TR STRAT INC RTA COM 76882k751 98 10,327 SH   SOLE   0 10,327 0
TEMPLETON INCOME TR GLO TOTRTN COM 880208855 964 76,743 SH   SOLE   0 76,743 0
VANGUARD FXD INC SECS SHTM INV COM 922031406 108 10,161 SH   SOLE   0 10,161 0
BIOLINERX LTD SPONSORED ADR ADR 09071M106 138 144,000 SH   SOLE   0 144,000 0
TEVA PHARMACEUTCL INDS ADR ADR 881624209 1,035 32,244 SH   SOLE   0 32,244 0
NUVERRA ENVIRONMENTAL SOL WTS WT 67091K112 0 83,834 SH   SOLE   0 83,834 0
GM 10JUL19 18.33 C Option 37045V126 430 24,101 SH Call SOLE   15,000 9,101 0