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 165 12,690 SH   SOLE   12,690 0 0
AEGEAN MARINE PETE NETWORK I NOTE 4.000%11/0 Y0020QAA9 1,452 1,874,000 PRN   SOLE   1,874,000 0 0
AEGEAN MARINE PETE NETWORK I NOTE 4.250%12/1 00773VAB2 468 850,000 PRN   SOLE   850,000 0 0
AEGEAN MARINE PETROLEUM NETW SHS Y0017S102 1,903 1,330,432 SH   SOLE   1,330,432 0 0
AROTECH CORP COM NEW 042682203 6,179 1,817,418 SH   SOLE   1,817,418 0 0
AVID TECHNOLOGY INC NOTE 2.000% 6/1 05367PAB6 3,222 3,600,000 PRN   SOLE   3,600,000 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 6,400 20 SH   SOLE   20 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 6,183 28,880 SH   SOLE   28,880 0 0
BLACK STONE MINERALS L P COM UNIT 09225M101 954 52,375 SH   SOLE   52,375 0 0
BUILD A BEAR WORKSHOP COM 120076104 7,023 775,972 SH   SOLE   775,972 0 0
CARROLS RESTAURANT GROUP INC COM 14574X104 18,706 1,281,215 SH   SOLE   1,281,215 0 0
CHANNELADVISOR CORP COM 159179100 418 33,597 SH   SOLE   33,597 0 0
CHERRY HILL MTG INVT CORP COM 164651101 1,034 57,121 SH   SOLE   57,121 0 0
CRAFT BREW ALLIANCE INC COM 224122101 10,130 619,551 SH   SOLE   619,551 0 0
DEL TACO RESTAURANTS INC *W EXP 06/30/202 245496112 305 132,571 SH   SOLE   132,571 0 0
DEL TACO RESTAURANTS INC COM 245496104 9,850 834,032 SH   SOLE   834,032 0 0
DESTINATION XL GROUP INC COM 25065K104 12,300 4,920,077 SH   SOLE   4,920,077 0 0
DIGIRAD CORP COM 253827109 3,347 2,231,136 SH   SOLE   2,231,136 0 0
EHEALTH INC COM 28238P109 18,037 638,259 SH   SOLE   638,259 0 0
EMCORE CORP COM NEW 290846203 1,226 258,191 SH   SOLE   258,191 0 0
EXTERRAN CORP COM 30227H106 15,559 586,452 SH   SOLE   586,452 0 0
FIRST NORTHWEST BANCORP COM 335834107 525 34,076 SH   SOLE   34,076 0 0
GLOBAL X FDS GLOBAL X URANIUM 37954Y871 1,357 101,948 SH   SOLE   101,948 0 0
GREAT ELM CAP GROUP INC COM NEW 39036P209 843 259,299 SH   SOLE   259,299 0 0
HANGER INC COM NEW 41043F208 14,436 693,040 SH   SOLE   693,040 0 0
HEALTH INS INNOVATIONS INC COM CL A 42225K106 28,729 466,007 SH   SOLE   466,007 0 0
HERITAGE CRYSTAL CLEAN INC COM 42726M106 15,778 739,035 SH   SOLE   739,035 0 0
HORIZON GLOBAL CORP NOTE 2.750% 7/0 44052WAA2 1,305 1,750,000 PRN   SOLE   1,750,000 0 0
HOSPITALITY PPTYS TR COM SH BEN INT 44106M102 517 17,929 SH   SOLE   17,929 0 0
HUDSON GLOBAL INC COM 443787106 3,533 2,222,184 SH   SOLE   2,222,184 0 0
HUTTIG BLDG PRODS INC COM 448451104 5,486 1,299,999 SH   SOLE   1,299,999 0 0
I D SYSTEMS INC COM 449489103 14,543 2,092,490 SH   SOLE   2,092,490 0 0
INDEPENDENCE HLDG CO NEW COM NEW 453440307 4,911 136,810 SH   SOLE   136,810 0 0
INTERNAP CORP COM PAR 45885A409 7,452 590,028 SH   SOLE   590,028 0 0
INVUITY INC COM NEW 46187J205 15,202 2,054,374 SH   SOLE   2,054,374 0 0
JERNIGAN CAP INC COM 476405105 2,473 128,192 SH   SOLE   128,192 0 0
LEE ENTERPRISES INC COM 523768109 5,478 2,067,229 SH   SOLE   2,067,229 0 0
MANITEX INTL INC COM 563420108 1,102 104,663 SH   SOLE   104,663 0 0
NETWORK 1 TECHNOLOGIES INC COM 64121N109 1,760 651,723 SH   SOLE   651,723 0 0
NORTH AMERICAN CONST COM 656811106 29,735 3,034,168 SH   SOLE   3,034,168 0 0
PERMA PIPE INTL HLDGS INC COM 714167103 5,447 598,611 SH   SOLE   598,611 0 0
POINTS INTL LTD COM NEW 730843208 1,356 96,549 SH   SOLE   96,549 0 0
POPE RES DEL LTD PARTNERSHIP DEPOSITRY RCPT 732857107 1,053 14,520 SH   SOLE   14,520 0 0
PRGX GLOBAL INC COM NEW 69357C503 5,897 677,818 SH   SOLE   677,818 0 0
REGIONAL MGMT CORP COM 75902K106 4,494 155,888 SH   SOLE   155,888 0 0
RING ENERGY INC COM 76680V108 16,059 1,620,516 SH   SOLE   1,620,516 0 0
SANDRIDGE ENERGY INC COM NEW 80007P869 9,710 893,242 SH   SOLE   893,242 0 0
SERVICESOURCE INTL INC COM 81763U100 5,301 1,859,901 SH   SOLE   1,859,901 0 0
SPARTON CORP COM 847235108 7,991 553,788 SH   SOLE   553,788 0 0
SPORTSMANS WHSE HLDGS INC COM 84920Y106 8,993 1,537,184 SH   SOLE   1,537,184 0 0
STEEL PARTNERS HLDGS L P LTD PRTRSHIP U 85814R107 1,134 67,907 SH   SOLE   67,907 0 0
THESTREET INC COM 88368Q103 7,538 3,426,548 SH   SOLE   3,426,548 0 0
U.S. AUTO PARTS NETWORK INC COM 90343C100 1,822 1,175,565 SH   SOLE   1,175,565 0 0
VERACYTE INC COM 92337F107 16,805 1,759,737 SH   SOLE   1,759,737 0 0
VIRTUS INVT PARTNERS INC PFD CV SER D 92828Q208 1,049 10,570 SH   SOLE   10,570 0 0
WEYERHAEUSER CO COM 962166104 1,690 52,386 SH   SOLE   52,386 0 0