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
A MARK PRECIOUS METALS INC COM 00181T107 110 7,500 SH   SOLE   7,500 0 0
AROTECH CORP COM NEW 042682203 6,284 1,770,162 SH   SOLE   1,770,162 0 0
ASCENT CAP GROUP INC NOTE 4.000% 7/1 043632AA6 852 1,086,000 PRN   SOLE   1,086,000 0 0
AVID TECHNOLOGY INC NOTE 2.000% 6/1 05367PAB6 1,365 1,600,000 PRN   SOLE   1,600,000 0 0
B RILEY FINL INC COM 05580M108 601 33,188 SH   SOLE   33,188 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 5,654 19 SH   SOLE   19 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 2,117 10,680 SH   SOLE   10,680 0 0
BIOTELEMETRY INC COM 090672106 16,082 537,844 SH   SOLE   537,844 0 0
BLACK STONE MINERALS L P COM UNIT 09225M101 940 52,375 SH   SOLE   52,375 0 0
BROWN FORMAN CORP CL B 115637209 889 12,950 SH   SOLE   12,950 0 0
BUILD A BEAR WORKSHOP COM 120076104 6,509 707,474 SH   SOLE   707,474 0 0
CARROLS RESTAURANT GROUP INC COM 14574X104 20,725 1,705,760 SH   SOLE   1,705,760 0 0
CHART INDS INC NOTE 2.000% 8/0 16115QAC4 998 1,000,000 PRN   SOLE   1,000,000 0 0
CHERRY HILL MTG INVT CORP COM 164651101 519 28,873 SH   SOLE   28,873 0 0
CRAFT BREW ALLIANCE INC COM 224122101 12,387 645,133 SH   SOLE   645,133 0 0
CSW INDUSTRIALS INC COM 126402106 857 18,651 SH   SOLE   18,651 0 0
DEL TACO RESTAURANTS INC COM 245496104 8,922 736,108 SH   SOLE   736,108 0 0
DEL TACO RESTAURANTS INC *W EXP 06/30/202 245496112 391 132,571 SH   SOLE   132,571 0 0
DESTINATION XL GROUP INC COM 25065K104 7,666 3,484,697 SH   SOLE   3,484,697 0 0
DIGIRAD CORP COM 253827109 5,398 2,096,234 SH   SOLE   2,096,234 0 0
EHEALTH INC COM 28238P109 18,966 1,091,878 SH   SOLE   1,091,878 0 0
EMCORE CORP COM NEW 290846203 416 64,554 SH   SOLE   64,554 0 0
EXTERRAN CORP COM 30227H106 11,919 379,107 SH   SOLE   379,107 0 0
FIRST NORTHWEST BANCORP COM 335834107 555 34,076 SH   SOLE   34,076 0 0
GREAT ELM CAP GROUP INC COM NEW 39036P209 1,050 259,299 SH   SOLE   259,299 0 0
HEALTH INS INNOVATIONS INC COM CL A 42225K106 25,828 1,035,187 SH   SOLE   1,035,187 0 0
HERITAGE CRYSTAL CLEAN INC COM 42726M106 14,566 669,686 SH   SOLE   669,686 0 0
HOSPITALITY PPTYS TR COM SH BEN INT 44106M102 535 17,929 SH   SOLE   17,929 0 0
HUDSON GLOBAL INC COM 443787106 5,051 2,244,914 SH   SOLE   2,244,914 0 0
HUTTIG BLDG PRODS INC COM 448451104 8,280 1,245,156 SH   SOLE   1,245,156 0 0
I D SYSTEMS INC COM 449489103 11,789 1,698,684 SH   SOLE   1,698,684 0 0
INDEPENDENCE HLDG CO NEW COM NEW 453440307 1,207 43,989 SH   SOLE   43,989 0 0
INTERNAP CORP COM PAR 45885A409 7,196 458,055 SH   SOLE   458,055 0 0
JERNIGAN CAP INC COM 476405105 2,035 107,033 SH   SOLE   107,033 0 0
LEE ENTERPRISES INC COM 523768109 135 57,529 SH   SOLE   57,529 0 0
LIBERTY TAX INC CL A 53128T102 8,655 786,860 SH   SOLE   786,860 0 0
LIMELIGHT NETWORKS INC COM 53261M104 661 149,900 SH   SOLE   149,900 0 0
MAGICJACK VOCALTEC LTD SHS M6787E101 4,960 586,969 SH   SOLE   586,969 0 0
MANITEX INTL INC COM 563420108 86 9,000 SH   SOLE   9,000 0 0
MONEYGRAM INTL INC COM NEW 60935Y208 75 5,705 SH   SOLE   5,705 0 0
NETWORK 1 TECHNOLOGIES INC COM 64121N109 1,230 512,692 SH   SOLE   512,692 0 0
NORTH AMERN ENERGY PARTNERS COM 656844107 14,534 2,936,129 SH   SOLE   2,936,129 0 0
PERMA PIPE INTL HLDGS INC COM 714167103 4,393 488,109 SH   SOLE   488,109 0 0
PGT INNOVATIONS INC COM 69336V101 2,880 170,923 SH   SOLE   170,923 0 0
POINTS INTL LTD COM NEW 730843208 7,102 690,208 SH   SOLE   690,208 0 0
POPE RES DEL LTD PARTNERSHIP DEPOSITRY RCPT 732857107 1,013 14,520 SH   SOLE   14,520 0 0
PRGX GLOBAL INC COM NEW 69357C503 6,459 909,686 SH   SOLE   909,686 0 0
PRIMO WTR CORP COM 74165N105 33 2,615 SH   SOLE   2,615 0 0
RING ENERGY INC COM 76680V108 25,850 1,859,678 SH   SOLE   1,859,678 0 0
SANDRIDGE ENERGY INC COM NEW 80007P869 11,589 550,031 SH   SOLE   550,031 0 0
SERVICESOURCE INTL INC NOTE 1.500% 8/0 81763UAB6 971 1,000,000 PRN   SOLE   1,000,000 0 0
SIENTRA INC COM 82621J105 14,066 1,000,427 SH   SOLE   1,000,427 0 0
STEEL PARTNERS HLDGS L P LTD PRTRSHIP U 85814R107 860 43,973 SH   SOLE   43,973 0 0
THESTREET INC COM 88368Q103 3,925 2,706,747 SH   SOLE   2,706,747 0 0
TRIPADVISOR INC COM 896945201 1,212 35,176 SH   SOLE   35,176 0 0
U.S. AUTO PARTS NETWORK INC COM 90343C100 3,205 1,271,876 SH   SOLE   1,271,876 0 0
VERACYTE INC COM 92337F107 12,489 1,912,627 SH   SOLE   1,912,627 0 0
VIRTUS INVT PARTNERS INC PFD CV SER D 92828Q208 1,075 10,570 SH   SOLE   10,570 0 0
VOLT INFORMATION SCIENCES IN COM 928703107 2,658 699,442 SH   SOLE   699,442 0 0
WEYERHAEUSER CO COM 962166104 1,283 36,386 SH   SOLE   36,386 0 0
XCERRA CORP COM 98400J108 98 10,012 SH   SOLE   10,012 0 0
YUME INC COM 98872B104 3,732 780,820 SH   SOLE   780,820 0 0