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
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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
AG Mortgage Investment Trust I COM 001228105 2,691 153,706 SH   SOLE   149,846 0 3,860
Alcoa, Inc. COM 013817101 2,963 230,222 SH   SOLE   220,572 0 9,650
American General Capital Corp. COM 02503X105 2,629 122,350 SH   SOLE   118,070 0 4,280
Anadarko Petroleum Corp. COM 032511107 1,299 15,320 SH   SOLE   14,665 0 655
Apollo Residential Mortgage, I COM 03763V102 2,615 161,135 SH   SOLE   157,070 0 4,065
Apple, Inc. COM 037833100 2,172 4,047 SH   SOLE   3,970 0 77
Aura Systems, Inc. COM 051526200 529 2,656,011 SH   SOLE   2,656,011 0 0
Bank Of America Corp. COM 060505104 172 10,000 SH   SOLE   10,000 0 0
Bill Barrett Corp. COM 06846N104 1,120 43,735 SH   SOLE   41,560 0 2,175
Capstead Mortgage REIT COM 14067E506 775 61,232 SH   SOLE   57,707 0 3,525
Carrizo Oil & Gas, Inc. COM 144577103 1,982 37,080 SH   SOLE   35,705 0 1,375
Celgene Corp. COM 151020104 639 4,579 SH   SOLE   4,265 0 314
Cinedigm Corp. COM 172406100 2,257 881,521 SH   SOLE   848,651 0 32,870
Cinemark Holdings, Inc. COM 17243V102 3,320 114,443 SH   SOLE   110,638 0 3,805
Citigroup, Inc. COM 172967424 818 17,179 SH   SOLE   15,934 0 1,245
Clearsign Combustion Corp. COM 185064102 1,994 182,776 SH   SOLE   176,326 0 6,450
Corning, Inc. COM 219350105 2,488 119,495 SH   SOLE   116,715 0 2,780
Devon Energy Corp. COM 25179M103 2,319 34,645 SH   SOLE   33,745 0 900
Digital Cinema Destinations Cl COM 25383B109 1,951 368,105 SH   SOLE   354,635 0 13,470
Discovery Holding Co., Cl C COM 25470F302 812 10,535 SH   SOLE   9,835 0 700
Dot Hill Systems Corp. COM 25848T109 2,022 522,607 SH   SOLE   503,682 0 18,925
Eldorado Gold Corp COM 284902103 160 28,755 SH   SOLE   28,755 0 0
Electro Scientific Industries, COM 285229100 2,685 272,584 SH   SOLE   266,109 0 6,475
Ellington Financial LLC COM 288522303 392 16,470 SH   SOLE   16,470 0 0
Ensco International, Inc. Clas COM G3157S106 813 15,410 SH   SOLE   15,410 0 0
EOG Resources, Inc. COM 26875P101 797 4,063 SH   SOLE   3,758 0 305
Freeport-McMoran Copper & Gold COM 35671D857 2,841 85,900 SH   SOLE   83,975 0 1,925
General Electric Co. COM 369604103 1,645 63,547 SH   SOLE   61,347 0 2,200
Goldcorp, Inc. New Common COM 380956409 255 10,400 SH   SOLE   10,400 0 0
Goodrich Petroleum Corp COM 382410405 1,830 115,650 SH   SOLE   111,310 0 4,340
Goodyear Tire & Rubber Co. COM 382550101 2,787 106,668 SH   SOLE   101,688 0 4,980
Google, Inc. Class A COM 38259P508 557 500 SH   SOLE   500 0 0
Halliburton Co. COM 406216101 1,811 30,750 SH   SOLE   29,380 0 1,370
Hercules Offshore, Inc. COM 427093109 1,400 304,940 SH   SOLE   289,620 0 15,320
Hewlett-Packard Co. COM 428236103 2,513 77,650 SH   SOLE   75,660 0 1,990
Intel Corp. COM 458140100 1,576 61,050 SH   SOLE   59,200 0 1,850
Invesco Mortgage Capital Inc. COM 46131B100 775 47,038 SH   SOLE   44,338 0 2,700
JP Morgan Chase & Co. COM 46625H100 884 14,559 SH   SOLE   13,859 0 700
Kinder Morgan, Inc. COM 49456B101 1,029 31,681 SH   SOLE   30,381 0 1,300
Kratos Defense & Security Solu COM 50077B207 2,027 268,773 SH   SOLE   258,600 0 10,173
Lowe's Companies, Inc. COM 548661107 1,502 30,720 SH   SOLE   30,720 0 0
Magnum Hunter Resources Corp. COM 55973B102 1,721 202,490 SH   SOLE   194,715 0 7,775
Meritor, Inc. COM 59001K100 2,016 164,540 SH   SOLE   158,345 0 6,195
MFA Financial, Inc. COM 55272X102 963 124,300 SH   SOLE   124,300 0 0
Micron Technology, Inc. COM 595112103 1,536 64,900 SH   SOLE   62,325 0 2,575
Microsoft Corp. COM 594918104 3,945 96,249 SH   SOLE   94,649 0 1,600
NCR Corp. COM 62886e108 1,743 47,690 SH   SOLE   45,895 0 1,795
Northern Oil & Gas, Inc. COM 665531109 1,759 120,320 SH   SOLE   115,745 0 4,575
Nuance Communications, Inc. COM 67020Y100 818 47,645 SH   SOLE   45,220 0 2,425
Pepsico, Inc. COM 713448108 767 9,187 SH   SOLE   8,587 0 600
Potash Corp. of Saskatchewan COM 73755L107 2,193 60,545 SH   SOLE   58,745 0 1,800
Pulse Electronics Corp. COM 74586W205 426 110,668 SH   SOLE   110,668 0 0
Qualcomm, Inc. COM 747525103 1,303 16,528 SH   SOLE   15,678 0 850
RF Micro Devices, Inc. COM 749941100 2,655 336,900 SH   SOLE   324,795 0 12,105
Schwab Value Advantage Money F COM 808515605 16 16,331 SH   SOLE   16,331 0 0
Silver Wheaton Corp. COM 828336107 3,560 156,847 SH   SOLE   151,822 0 5,025
Stillwater Mining Co. COM 86074Q102 946 63,895 SH   SOLE   60,595 0 3,300
Tenneco Automotive, Inc. COM 880349105 1,641 28,255 SH   SOLE   26,680 0 1,575
Teva Pharmaceutical Industries COM 881624209 939 17,775 SH   SOLE   17,775 0 0
Towerstream Corp. COM 892000100 1,256 534,335 SH   SOLE   508,765 0 25,570
True Drinks Holdings, Inc. COM 897837100 57 144,150 SH   SOLE   144,150 0 0
Two Harbors Investment Corp. COM 90187B101 1,027 100,225 SH   SOLE   100,225 0 0
United Parcel Service Cl B COM 911312106 1,658 17,025 SH   SOLE   16,425 0 600
United Rentals, Inc. COM 911363109 1,375 14,485 SH   SOLE   13,935 0 550
Vishay Intertechnology, Inc. COM 928298108 1,896 127,435 SH   SOLE   122,735 0 4,700
Walt Disney Co. COM 254687106 773 9,655 SH   SOLE   9,005 0 650
Widepoint Corp. COM 967590100 69 43,235 SH   SOLE   43,235 0 0
Willbros Group, Inc. COM 969203108 2,218 175,776 SH   SOLE   168,926 0 6,850