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 |
AMGEN INC | EQUITY | 031162100 | 22,981 | 153,278 | SH | | SOLE | | 153,278 | 0 | 0 |
ANADARKO PETROLEUM CORP. | EQUITY | 032511107 | 1,786 | 38,350 | SH | | SOLE | | 38,350 | 0 | 0 |
APACHE CORP | EQUITY | 037411105 | 1,571 | 32,185 | SH | | SOLE | | 32,185 | 0 | 0 |
APPLE COMPUTER INC | EQUITY | 037833100 | 1,404 | 12,878 | SH | | SOLE | | 12,878 | 0 | 0 |
ASHFORD HOSPITALITY TR COM SHS | EQUITY | 044103109 | 64 | 10,000 | SH | | SOLE | | 10,000 | 0 | 0 |
BANK OF AMERICA CORP | EQUITY | 060505104 | 171 | 12,631 | SH | | SOLE | | 12,631 | 0 | 0 |
BERKSHIRE HATHAWAY INC-CL B | EQUITY | 084670702 | 4,168 | 29,378 | SH | | SOLE | | 29,378 | 0 | 0 |
BREITBURN ENERGY PRTNR COM UT | EQUITY | 106776107 | 11 | 20,000 | SH | | SOLE | | 20,000 | 0 | 0 |
COCA COLA ENTERPRISES, INC | EQUITY | 19122t109 | 913 | 18,000 | SH | | SOLE | | 18,000 | 0 | 0 |
DIAGEO PLC NEW | EQUITY | 25243Q205 | 5,535 | 51,316 | SH | | SOLE | | 51,316 | 0 | 0 |
ELLIE MAE INC | EQUITY | 28849p100 | 5,287 | 58,332 | SH | | SOLE | | 58,332 | 0 | 0 |
ENPHASE ENERGY INC COM | EQUITY | 29355a107 | 47 | 20,000 | SH | | SOLE | | 20,000 | 0 | 0 |
EXXON MOBIL CORP | EQUITY | 30231G102 | 4,238 | 50,698 | SH | | SOLE | | 50,698 | 0 | 0 |
GENERAL ELECTRIC CO | EQUITY | 369604103 | 5,911 | 185,952 | SH | | SOLE | | 185,952 | 0 | 0 |
GENERAL MTRS CORP COM | EQUITY | 37045v100 | 2,489 | 79,205 | SH | | SOLE | | 79,205 | 0 | 0 |
HECLA MNG CO | EQUITY | 422704106 | 4,392 | 1,579,800 | SH | | SOLE | | 1,579,800 | 0 | 0 |
HERTZ GLOBAL HOLDINGS INC | EQUITY | 42805t105 | 2,826 | 268,388 | SH | | SOLE | | 268,388 | 0 | 0 |
JPMORGAN CHASE & CO | EQUITY | 46625H100 | 227 | 3,833 | SH | | SOLE | | 3,833 | 0 | 0 |
MICROSOFT CORP | EQUITY | 594918104 | 29,408 | 532,464 | SH | | SOLE | | 532,464 | 0 | 0 |
MIMEDX GROUP INC | EQUITY | 602496101 | 4,179 | 478,145 | SH | | SOLE | | 478,145 | 0 | 0 |
NUMEREX CORP | EQUITY | 67053a102 | 453 | 74,200 | SH | | SOLE | | 74,200 | 0 | 0 |
OCCIDENTAL PETE CP DEL COM | EQUITY | 674599105 | 4,309 | 62,970 | SH | | SOLE | | 62,970 | 0 | 0 |
PACCAR INC COM | EQUITY | 693718108 | 2,345 | 42,880 | SH | | SOLE | | 42,880 | 0 | 0 |
POTLATCH CORP | EQUITY | 737630103 | 4,329 | 137,423 | SH | | SOLE | | 137,423 | 0 | 0 |
PROSPECT CAPITAL CORP | EQUITY | 74348t102 | 732 | 100,653 | SH | | SOLE | | 100,653 | 0 | 0 |
SEQUENOM INC COM | EQUITY | 817337405 | 115 | 81,700 | SH | | SOLE | | 81,700 | 0 | 0 |
TOWERSTREAM CORPORATION | EQUITY | 892000100 | 6 | 54,000 | SH | | SOLE | | 54,000 | 0 | 0 |
UNITED PARCEL SERVICE | EQUITY | 911312106 | 483 | 4,575 | SH | | SOLE | | 4,575 | 0 | 0 |
US BANCORP NEW | EQUITY | 902973304 | 6,111 | 150,550 | SH | | SOLE | | 150,550 | 0 | 0 |
VODAFONE GROUP PLC | EQUITY | 92857W308 | 5,735 | 178,943 | SH | | SOLE | | 178,943 | 0 | 0 |
VOLT INFORMATION SCIENCES INC | EQUITY | 928703107 | 4,454 | 591,556 | SH | | SOLE | | 591,556 | 0 | 0 |
WAFERGEN BIO-SYSTEMS I COM PAR | EQUITY | 93041P308 | 20 | 31,000 | SH | | SOLE | | 31,000 | 0 | 0 |
WEYERHAEUSER CO COM | EQUITY | 962166104 | 2,497 | 80,610 | SH | | SOLE | | 80,610 | 0 | 0 |
WIDEPOINT CORP COM | EQUITY | 967590100 | 18 | 30,000 | SH | | SOLE | | 30,000 | 0 | 0 |
XPLORE TECHNOLOGIES CORPORATIO | EQUITY | 983950700 | 2,345 | 671,818 | SH | | SOLE | | 671,818 | 0 | 0 |
CONSUMER DISCRETIONARY SELECT | ETF | 81369y407 | 13,618 | 172,158 | SH | | SOLE | | 172,158 | 0 | 0 |
FIRST TRUST DJ INTERNET INDEX | ETF | 33733e302 | 13,252 | 194,050 | SH | | SOLE | | 194,050 | 0 | 0 |
FIRST TRUST ISE REVERE NAT GAS | ETF | 33733E807 | 251 | 60,923 | SH | | SOLE | | 60,923 | 0 | 0 |
HEALTHCARE SELECT SECTOR SPDR | ETF | 81369y209 | 218 | 3,219 | SH | | SOLE | | 3,219 | 0 | 0 |
ISHARES DOW JONES SELECT DIV I | ETF | 464287168 | 1,240 | 15,185 | SH | | SOLE | | 15,185 | 0 | 0 |
ISHARES FTSE NAREIT MORTGAGE I | ETF | 464288539 | 1,294 | 133,843 | SH | | SOLE | | 133,843 | 0 | 0 |
ISHARES NASDAQ BIOTECHNOLOGY | ETF | 464287556 | 5,792 | 22,207 | SH | | SOLE | | 22,207 | 0 | 0 |
ISHARES S&P 500 INDEX FUND | ETF | 464287200 | 1,927 | 9,323 | SH | | SOLE | | 9,323 | 0 | 0 |
ISHARES TR RUSSELL 1000 GROWTH | ETF | 464287614 | 438 | 4,391 | SH | | SOLE | | 4,391 | 0 | 0 |
MSCI EAFE INDEX RUSSELL1000VAL | ETF | 464287598 | 355 | 3,590 | SH | | SOLE | | 3,590 | 0 | 0 |
POWERSHARES ETF DYNAMIC PHARMA | ETF | 73935X799 | 5,409 | 90,031 | SH | | SOLE | | 90,031 | 0 | 0 |
POWERSHARES NASDAQ 100 SERIES | ETF | 73935A104 | 13,454 | 123,207 | SH | | SOLE | | 123,207 | 0 | 0 |
SELECT SPIDER ENERGY INDEX | ETF | 81369Y506 | 2,702 | 43,658 | SH | | SOLE | | 43,658 | 0 | 0 |
SPDR S&P OIL AND GAS EXPLORATI | ETF | 78464a730 | 6,368 | 209,816 | SH | | SOLE | | 209,816 | 0 | 0 |
SPDR S&P REGIONAL BANKING | ETF | 78464A698 | 2,296 | 60,998 | SH | | SOLE | | 60,998 | 0 | 0 |
TECHNOLOGY SELECT SECTOR SPDR | ETF | 81369Y803 | 203 | 4,579 | SH | | SOLE | | 4,579 | 0 | 0 |
VANGUARD FTSE EUROPE ETF | ETF | 922042874 | 5,301 | 109,244 | SH | | SOLE | | 109,244 | 0 | 0 |
ELLINGTON FINANCIAL | ETF | 288522303 | 3,181 | 182,600 | SH | | SOLE | | 182,600 | 0 | 0 |
SOUTHWESTERN ENERGY CONV PFD | PFRD | 845467208 | 697 | 35,552 | SH | | SOLE | | 35,552 | 0 | 0 |
ABERDEEN ASIA-PACIFIC PRIME IN | ETF | 003009107 | 2,808 | 561,676 | SH | | SOLE | | 561,676 | 0 | 0 |
BLACKSTONE / GSO STRATEGIC CRE | ETF | 09257r101 | 507 | 37,180 | SH | | SOLE | | 37,180 | 0 | 0 |
CALAMOS CONVERTIBLE OPP & INCO | ETF | 128117108 | 1,026 | 108,091 | SH | | SOLE | | 108,091 | 0 | 0 |
PIMCO DYNAMIC CREDIT INCOME | ETF | 72202d106 | 1,127 | 64,595 | SH | | SOLE | | 64,595 | 0 | 0 |
PIMCO DYNAMIC INCOME FUND | ETF | 72201y101 | 557 | 21,365 | SH | | SOLE | | 21,365 | 0 | 0 |
ALIANCE BERNSTEIN INCOME FUND | ETF | 01881E101 | 1,966 | 250,479 | SH | | SOLE | | 250,479 | 0 | 0 |
ISHARES BARCLAYS AGGREGATE BON | ETF | 464287226 | 1,819 | 16,414 | SH | | SOLE | | 16,414 | 0 | 0 |
ISHARES TIPS BOND FUND | ETF | 464287176 | 1,142 | 9,963 | SH | | SOLE | | 9,963 | 0 | 0 |
PROSHARES ULTRASHORT 20 YR US | ETF | 74347b201 | 605 | 16,406 | SH | | SOLE | | 16,406 | 0 | 0 |