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
BERKSHIRE HATHAWAY INC DEL CL A 084670108 4,100 21 SH   SOLE   21 0 0
CROWN MEDIA HLDGS INC CL A 228411104 1,297 242,444 SH   SOLE   242,444 0 0
EVINE LIVE INC CL A 300487105 11,995 4,578,242 SH   SOLE   4,578,242 0 0
MAXLINEAR INC CL A 57776J100 580 46,630 SH   SOLE   46,630 0 0
SCHNITZER STL INDS CL A 806882106 3,614 266,925 SH   SOLE   266,925 0 0
TELECOMMUNICATION SYS INC CL A 87929J103 10,947 3,182,308 SH   SOLE   3,182,308 0 0
GENESIS HEALTHCARE INC CL A COM 37185X106 9,480 1,546,540 SH   SOLE   1,546,540 0 0
BEL FUSE INC CL B 077347300 2,310 118,828 SH   SOLE   118,828 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 1,830 14,030 SH   SOLE   14,030 0 0
AVID TECHNOLOGY INC COM 05367P100 6,625 832,254 SH   SOLE   832,254 0 0
BIOTELEMETRY INC COM 090672106 18,235 1,489,774 SH   SOLE   1,489,774 0 0
BSB BANCORP INC MD COM 05573H108 266 12,587 SH   SOLE   12,587 0 0
BUILD A BEAR WORKSHOP COM 120076104 16,040 849,129 SH   SOLE   849,129 0 0
CALLON PETE CO DEL COM 13123X102 2,601 356,738 SH   SOLE   356,738 0 0
CAPITAL SOUTHWEST CORP COM 140501107 884 18,651 SH   SOLE   18,651 0 0
CARBONITE INC COM 141337105 3,798 341,237 SH   SOLE   341,237 0 0
CAVCO INDS INC DEL COM 149568107 8,237 120,971 SH   SOLE   120,971 0 0
CB FINL SVCS INC COM 12479G101 257 12,156 SH   SOLE   12,156 0 0
CECO ENVIRONMENTAL CORP COM 125141101 2,614 319,192 SH   SOLE   319,192 0 0
DIGIRAD CORP COM 253827109 3,471 928,040 SH   SOLE   928,040 0 0
EAGLE BANCORP MONT INC COM 26942G100 248 21,922 SH   SOLE   21,922 0 0
EHEALTH INC COM 28238P109 6,207 484,539 SH   SOLE   484,539 0 0
ENVIVIO INC COM 29413T106 3,407 833,127 SH   SOLE   833,127 0 0
ESSA BANCORP INC COM 29667D104 257 19,841 SH   SOLE   19,841 0 0
GLOBAL EAGLE ENTMT INC COM 37951D102 7,568 659,275 SH   SOLE   659,275 0 0
GRAHAM HLDGS CO COM 384637104 494 856 SH   SOLE   856 0 0
GTT COMMUNICATIONS INC COM 362393100 33,810 1,453,566 SH   SOLE   1,453,566 0 0
HC2 HLDGS INC COM 404139107 858 122,434 SH   SOLE   122,434 0 0
HOOPER HOLMES INC COM 439104100 1,176 10,340,566 SH   SOLE   10,340,566 0 0
HUDSON GLOBAL INC COM 443787106 5,047 2,026,716 SH   SOLE   2,026,716 0 0
I D SYSTEMS INC COM 449489103 2,903 904,477 SH   SOLE   904,477 0 0
INTRALINKS HLDGS INC COM 46118H104 16,099 1,942,026 SH   SOLE   1,942,026 0 0
JACKSONVILLE BANCORP INC MD COM 46924R106 244 10,113 SH   SOLE   10,113 0 0
JERNIGAN CAP INC COM 476405105 958 54,860 SH   SOLE   54,860 0 0
LEMAITRE VASCULAR INC COM 525558201 5,045 413,849 SH   SOLE   413,849 0 0
MORGANS HOTEL GROUP CO COM 61748W108 136 41,022 SH   SOLE   41,022 0 0
MVC CAPITAL INC COM 553829102 0 1 SH   SOLE   1 0 0
NETWORK 1 TECHNOLOGIES INC COM 64121N109 717 354,843 SH   SOLE   354,843 0 0
NORTH AMERN ENERGY PARTNERS COM 656844107 7,969 3,655,575 SH   SOLE   3,655,575 0 0
REGIONAL MGMT CORP COM 75902K106 10,559 681,213 SH   SOLE   681,213 0 0
REIS INC COM 75936P105 2,401 106,021 SH   SOLE   106,021 0 0
RETRACTABLE TECHNOLOGIES INC COM 76129W105 409 113,101 SH   SOLE   113,101 0 0
RIGHTSIDE GROUP LTD COM 76658B100 3,990 520,259 SH   SOLE   520,259 0 0
RING ENERGY INC COM 76680V108 3,224 326,636 SH   SOLE   326,636 0 0
SERVICESOURCE INTL LLC COM 81763U100 6,562 1,640,401 SH   SOLE   1,640,401 0 0
SPEEDWAY MOTORSPORTS INC COM 847788106 1,047 57,978 SH   SOLE   57,978 0 0
THESTREET INC COM 88368Q103 4,869 2,915,354 SH   SOLE   2,915,354 0 0
TWO HBRS INVT CORP COM 90187B101 229 26,000 SH   SOLE   26,000 0 0
U.S. AUTO PARTS NETWORK INC COM 90343C100 1,884 1,002,301 SH   SOLE   1,002,301 0 0
VOLT INFORMATION SCIENCES IN COM 928703107 2,781 305,650 SH   SOLE   305,650 0 0
W P CAREY INC COM 92936U109 884 15,300 SH   SOLE   15,300 0 0
WESTFIELD FINANCIAL INC NEW COM 96008P104 248 32,472 SH   SOLE   32,472 0 0
ZAIS GROUP HLDGS INC COM 98887G106 1,014 107,595 SH   SOLE   107,595 0 0
HEALTH INS INNOVATIONS INC COM CL A 42225K106 4,497 899,435 SH   SOLE   899,435 0 0
ENERGY FUELS INC COM NEW 292671708 2,251 773,590 SH   SOLE   773,590 0 0
POINTS INTL LTD COM NEW 730843208 8,367 770,451 SH   SOLE   770,451 0 0
UNITED ONLINE INC COM NEW 911268209 5,451 545,068 SH   SOLE   545,068 0 0
HOSPITALITY PPTYS TR COM SH BEN INT 44106M102 459 17,929 SH   SOLE   17,929 0 0
BROOKFIELD INFRAST PARTNERS LP INT UNIT G16252101 484 13,158 SH   SOLE   13,158 0 0
STEEL PARTNERS HLDGS L P LTD PRTRSHIP U 85814R107 727 43,973 SH   SOLE   43,973 0 0
SERVICESOURCE INTL LLC NOTE 1.500% 8/0 81763UAB6 830 1,000,000 PRN   SOLE   1,000,000 0 0
ASCENT CAP GROUP INC NOTE 4.000% 7/1 043632AA6 432 600,000 PRN   SOLE   600,000 0 0
BLACKROCK RES & COMM STRAT T SHS 09257A108 618 87,067 SH   SOLE   87,067 0 0
SHIP FINANCE INTERNATIONAL L SHS G81075106 130 8,000 SH   SOLE   8,000 0 0