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
NOVARTIS AG-SPONSORED ADR COM 66987V109 1,386 16,600 SH   SOLE   0 16,600 0
TEEKAY OFFSHORE PARTNERS LP COM Y8565J101 240 83,500 SH   SOLE   0 83,500 0
FRANKLIN NEW YORK TAX FREE COM 354130106 289 25,938 SH   SOLE   0 25,938 0
ABBVIE INC. COM COM 00287Y109 787 10,850 SH   SOLE   0 10,850 0
AERIE PHARMACEUTICALS COM COM 00771V108 704 13,400 SH   SOLE   0 13,400 0
ALLY FINANCIAL INC COM 02005N100 313 15,000 SH   SOLE   15,000 0 0
ALPHABET INC CAP STK CL C COM 02079k107 545 600 SH   SOLE   600 0 0
AMAZON COM INC COM COM 023135106 312 322 SH   SOLE   0 322 0
AMERICAN INTERNATIONAL GROUP COM 026874784 406 6,500 SH   SOLE   5,500 1,000 0
AMERICAN TEL & TEL CO COM 00206R102 1,117 29,615 SH   SOLE   0 29,615 0
AMGEN INC COM 031162100 861 5,000 SH   SOLE   4,000 1,000 0
ANNALY MTG MGMT INC COM COM 035710409 278 23,100 SH   SOLE   0 23,100 0
APPLE COMPUTER INC W/RTS COM 037833100 2,018 14,011 SH   SOLE   0 14,011 0
APPLIED DNA SCIENCES I COM NEW COM 03815U201 88 50,000 SH   SOLE   0 50,000 0
ARBOR RLTY TR INC COM COM 038923108 3,534 423,769 SH   SOLE   0 422,169 1,600
AXOGEN INC COM COM 05463x106 193 11,500 SH   SOLE   0 11,500 0
BARCLAYS BK PLC IPATH S&P500 V COM 06740q252 315 24,700 SH   SOLE   10,000 13,700 1,000
BERKSHIRE HATHAWAY INC COM 084670108 509 2 SH   SOLE   0 2 0
BIOSCRIP INC COM COM 09069n108 391 144,000 SH   SOLE   0 144,000 0
BIOSIG TECH INC COM COM 09073n102 40 27,000 SH   SOLE   0 27,000 0
BRIDGELINE DIGITAL INC COM NEW COM 10807q304 11 20,000 SH   SOLE   0 20,000 0
BRISTOL-MYERS SQUIBB CO COM 110122108 5,524 99,134 SH   SOLE   3,500 94,634 1,000
CAPITAL PRODUCT PARTNE COM UNI COM Y11082107 477 140,280 SH   SOLE   0 140,280 0
CBS CORP NEW CL B COM 124857202 357 5,600 SH   SOLE   0 5,600 0
CELLDEX THERAPEUTICS I COM COM 15117b103 160 64,800 SH   SOLE   0 64,800 0
CHEMBIO DIAGNOSTICS IN COM NEW COM 163572209 73 12,000 SH   SOLE   12,000 0 0
CHIMERA INVT CORP COM NEW COM 16934q208 2,204 118,320 SH   SOLE   0 114,520 3,800
CISCO SYSTEMS INC COM 17275R102 714 22,800 SH   SOLE   0 22,800 0
CITIGROUP INC COM 172967424 2,106 31,490 SH   SOLE   6,000 25,190 300
COACH INC COM COM 189754104 2,188 46,220 SH   SOLE   0 46,220 0
COGNIZANT TECH SOLUTNS CL A COM 192446102 359 5,400 SH   SOLE   0 5,400 0
COLGATE PALMOLIVE CO COM 194162103 371 5,000 SH   SOLE   0 5,000 0
COLONY NORTHSTAR INC CL A COM COM 19625w104 2,899 205,717 SH   SOLE   0 199,906 5,811
CONOCO PHILLIPS COM 20825C104 499 11,350 SH   SOLE   0 11,350 0
CPI AEROSTRUCTURES INC COM NEW COM 125919308 380 40,400 SH   SOLE   0 40,400 0
DARLING INTL INC COM COM 237266101 197 12,500 SH   SOLE   12,500 0 0
DEVON ENERGY CORP COM 25179M103 1,408 44,053 SH   SOLE   3,000 40,053 1,000
FACEBOOK INC CL A COM 30303M102 536 3,550 SH   SOLE   0 3,550 0
FEDEX CORP COM 31428X106 239 1,100 SH   SOLE   0 1,100 0
GALECTIN THERAPEUTICS INC COM 363225202 478 194,200 SH   SOLE   0 194,200 0
GENERAL DYNAMICS CORP W/RTS TO COM 369550108 495 2,500 SH   SOLE   2,500 0 0
GENERAL ELECTRIC CO COM 369604103 1,064 39,400 SH   SOLE   0 39,400 0
GENERAL MOTORS CO COM 37045V100 5,252 150,368 SH   SOLE   9,000 138,668 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 70 57,350 SH   SOLE   0 57,350 0
GOPRO INC CL A COM 38268t103 81 10,000 SH   SOLE   0 10,000 0
HC2 HLDGS INC COM COM 404139107 235 40,000 SH   SOLE   40,000 0 0
HCP INC COM COM 40414L109 960 30,050 SH   SOLE   0 30,050 0
HERCULES TECHNOLOGY GROWTH COM 427096508 3,326 251,217 SH   SOLE   25,000 224,012 2,205
HOUSTON AMERN ENERGY C COM COM 44183U100 1,187 1,582,459 SH   SOLE   0 1,582,459 0
ISHARES TR EUROPE ETF COM 464287861 1,174 26,495 SH   SOLE   0 26,220 275
ISHARES TR MTG REL ETF NEW COM 46435g342 1,143 24,637 SH   SOLE   0 24,387 250
ISHARES TR S&P 100 IDX FD COM 464287101 412 3,850 SH   SOLE   0 3,850 0
ISHARES U.S. PFD STK ETF COM 464288687 237 6,050 SH   SOLE   0 6,050 0
ISTAR FINANCIAL INC COM 45031U101 698 57,950 SH   SOLE   0 56,450 1,500
JOHNSON & JOHNSON COM 478160104 390 2,948 SH   SOLE   0 2,948 0
JOHNSON CTLS INTL PLC SHS COM g51502105 633 14,600 SH   SOLE   0 14,600 0
KENNEDY - WILSON HOLDINGS INC. COM 489398107 619 32,500 SH   SOLE   32,500 0 0
KKR & CO L P DEL COM UNITS COM 48248M102 2,981 160,286 SH   SOLE   2,500 155,129 2,657
KRATOS DEFENSE & SECURITY COM 50077B207 326 27,500 SH   SOLE   27,500 0 0
MCDONALDS CORP. COM 580135101 212 1,384 SH   SOLE   0 1,384 0
MEDICAL PPTYS TR INC COM COM 58463J304 3,083 239,550 SH   SOLE   0 237,450 2,100
MERCK & CO INC COM 58933Y105 1,154 18,000 SH   SOLE   0 18,000 0
MFA FINANCIAL INC COM 55272X102 2,087 248,722 SH   SOLE   0 244,922 3,800
MFS CHARTER INCOME TRUST-SBI COM 552727109 445 51,550 SH   SOLE   0 51,050 500
MICROSOFT CORP COM 594918104 3,041 44,115 SH   SOLE   12,000 31,215 900
MONDELEZ INTL INC CL A COM 609207105 2,819 65,273 SH   SOLE   0 63,473 1,800
MONMOUTH REAL ESTATE INVT CORP COM 609720107 1,559 103,600 SH   SOLE   0 101,100 2,500
NASDAQ 100 SHARES COM 73935A104 264 1,915 SH   SOLE   0 1,915 0
NETFLIX INC COM COM 64110l106 463 3,100 SH   SOLE   0 3,100 0
OMEGA HEALTHCARE INVS COM COM 681936100 815 24,675 SH   SOLE   0 24,675 0
PFIZER INC. COM 717081103 3,929 116,974 SH   SOLE   7,500 106,774 2,700
PHANTOM FIBER CORP COM NEW COM 717106207 0 100,000 SH   SOLE   0 100,000 0
PICO HOLDINGS INC COM 693366205 525 30,000 SH   SOLE   30,000 0 0
PLATFORM SPECIALTY PRO COM COM 72766q105 178 14,000 SH   SOLE   14,000 0 0
POWERSHARES ETF TRUST AERSPC D COM 73935x690 202 4,400 SH   SOLE   0 4,400 0
PRESIDENTIAL RLTY NEW CL B COM 741004204 12 115,300 SH   SOLE   0 115,300 0
PROCTER & GAMBLE CO COM 742718109 1,198 13,750 SH   SOLE   0 13,750 0
PROSHARES TR PSHS ULTSH TR TRE COM 74347B201 251 7,000 SH   SOLE   7,000 0 0
PROSHARES ULTRASHORT S&P500 COM 74347B300 165 13,000 SH   SOLE   7,500 5,500 0
READING INTERNATINAL CL A COM 755408101 445 27,600 SH   SOLE   15,000 12,600 0
REAL INDUSTRY INC COM 75601W104 119 41,000 SH   SOLE   41,000 0 0
RED LION HOTELS CORP COM 756764106 1,813 246,611 SH   SOLE   92,500 150,211 3,900
REDWOOD TR INC COM COM 758075402 1,915 112,367 SH   SOLE   0 109,367 3,000
RELM WIRELESS CORP COM COM 759525108 5,682 1,515,148 SH   SOLE   0 1,515,148 0
RETAIL OPPORTUNITY INVESTMEN COM 76131N101 461 24,000 SH   SOLE   15,000 9,000 0
ROCKWELL MED INC COM COM 774374102 182 22,900 SH   SOLE   0 22,900 0
ROYAL GOLD INC COM 780287108 516 6,600 SH   SOLE   1,000 5,600 0
SANOFI SPONSORED ADR COM 80105n105 575 12,000 SH   SOLE   0 12,000 0
SAREPTA THERAPEUTICS I COM COM 803607100 337 10,000 SH   SOLE   0 10,000 0
SECTOR SPDR TR SBI INT-ENERGY COM 81369Y506 384 5,918 SH   SOLE   0 5,918 0
SELECT INCOME REIT COM SH BEN COM 81618T100 1,871 77,850 SH   SOLE   0 77,050 800
SELECT SECTOR SPDR TR SBI HEAL COM 81369y209 236 2,975 SH   SOLE   0 2,975 0
SPARTON CORP COM 847235108 2,203 100,171 SH   SOLE   19,000 79,771 1,400
SPDR GOLD TRUST GOLD SHS COM 78463v107 476 4,035 SH   SOLE   4,000 35 0
SPROTT PHYSICAL GOLD UNIT COM 85207H104 2,678 264,371 SH   SOLE   0 256,071 8,300
TEEKAY SHIPPNG MARS IS COM COM Y8564W103 243 36,500 SH   SOLE   35,000 1,500 0
TRINITY BIOTECH PLC-SPON ADR COM 896438306 241 40,172 SH   SOLE   10,000 29,172 1,000
TWO HBRS INVT CORP COM COM 90187B101 149 15,000 SH   SOLE   0 15,000 0
VANGUARD INDEX FDS REIT ETF COM 922908553 359 4,315 SH   SOLE   0 4,315 0
VANGUARD INDEX FDS STK MRK ETF COM 922908769 309 2,480 SH   SOLE   0 2,480 0
VANGUARD INTL EQTY IDX MSCI EU COM 922042874 411 7,450 SH   SOLE   0 7,450 0
VERIZON COMMUNICATIONS COM 92343V104 302 6,770 SH   SOLE   0 6,770 0
VERTEX ENERGY INC COM COM 92534K107 417 389,669 SH   SOLE   0 389,669 0
VIASAT INC COM 92552V100 1,380 20,850 SH   SOLE   3,000 17,550 300
VOLT INFO SCIENCES INC COM 928703107 1,354 342,892 SH   SOLE   71,500 262,492 8,900
WALGREENS BOOTS ALLIAN COM COM 931427108 2,588 33,050 SH   SOLE   5,000 27,550 500
WALT DISNEY CO W/RTS TO PUR COM 254687106 441 4,150 SH   SOLE   0 4,150 0
WISDOMTREE TR EMERG MKTS ETF COM 97717W315 582 14,199 SH   SOLE   0 14,099 100
WISDOMTREE TR JAPN HEDGE EQT COM 97717w851 1,988 38,230 SH   SOLE   0 36,580 1,650
SEASPAN CORPORATION CUM RED PRD Y75638208 660 30,850 SH   SOLE   0 30,850 0
TSAKOS ENERGY NAVIGATION LT PRD G9108L124 262 10,300 SH   SOLE   0 10,300 0
CHS INC 8 CUM REDEEMABLE PFD PRD 12542R209 1,328 43,357 SH   SOLE   0 40,857 2,500
GOLDMAN SACHS GROUP INC 6.20 PRD 38144X500 241 9,200 SH   SOLE   0 9,200 0
GOLDMAN SACHS GROUP PFD A 1/10 PRD 38143Y665 1,102 45,769 SH   SOLE   0 44,069 1,700
METLIFE INC PFD A FLT RATE PRD 59156R504 608 24,100 SH   SOLE   0 23,300 800
MORGAN STANLEY DEP SHS REPSTG PRD 61747S504 575 24,305 SH   SOLE   0 22,705 1,600
ABERDEEN ASIA PAC INCM COM COM 003009107 167 33,500 SH   SOLE   0 33,500 0
ALLIANCEBERNSTEIN MUN N Y PTFL COM 018642207 295 29,597 SH   SOLE   0 29,597 0
BLACKROCK CORE BD TR SHS BEN I COM 09249E101 1,236 89,054 SH   SOLE   0 89,054 0
BLACKROCK MUNIHLDNGS C COM COM 09254L107 462 32,000 SH   SOLE   0 32,000 0
BLACKSTONE GSO RTE FND COM COM 09256U105 1,552 86,728 SH   SOLE   0 85,728 1,000
BOULDER GROWTH & INCOM COM COM 101507101 1,364 140,500 SH   SOLE   0 135,000 5,500
EATON VANCE MUNS TR EV NY MUN COM 27826l322 142 14,147 SH   SOLE   0 14,147 0
FPA NEW INCOME INC COM COM 302544101 279 27,858 SH   SOLE   0 27,858 0
KAYNE ANDERSON MLP INV COM COM 486606106 273 14,500 SH   SOLE   0 14,500 0
LEUTHOLD FDS INC GRIZZLY SHORT COM 527289300 1,680 299,500 SH   SOLE   0 292,000 7,500
LORD ABBETT INVT TR SH DURA IN COM 543916464 149 34,740 SH   SOLE   0 34,740 0
LORD ABBETT MUNI INCOM N Y SER COM 543902209 206 18,173 SH   SOLE   0 18,173 0
MFS INTER INCOME FD SH BEN INT COM 55273C107 312 72,300 SH   SOLE   0 72,300 0
NUVEEN DOW 30 DYNAMIC OVERWRIT COM 67075f105 705 42,693 SH   SOLE   0 42,693 0
NUVEEN PA INVT QUALITY COM COM 670972108 222 16,600 SH   SOLE   0 16,600 0
PIMCO DYNAMIC CR INCOM COM SHS COM 72202D106 344 15,400 SH   SOLE   0 15,400 0
RIVERPARK FDS TR STRAT INC RTA COM 76882k751 99 10,430 SH   SOLE   0 10,430 0
TEMPLETON INCOME TR GLO TOTRTN COM 880208855 946 76,790 SH   SOLE   0 76,790 0
VANGUARD FXD INC SECS SHTM INV COM 922031406 109 10,195 SH   SOLE   0 10,195 0
BIOLINERX LTD SPONSORED ADR ADR 09071M106 122 144,000 SH   SOLE   0 144,000 0
TEVA PHARMACEUTCL INDS ADR ADR 881624209 1,061 31,944 SH   SOLE   0 31,944 0
NUVERRA ENVIRONMENTAL SOL WTS WT 67091K112 0 86,520 SH   SOLE   0 86,520 0
GM 10JUL19 18.33 C Option 37045V126 383 22,046 SH Call SOLE   12,945 9,101 0