Perritt Ultra MicroCap Fund | |||||||
Schedule of Investments (Unaudited) | July 31, 2022 | ||||||
Shares | COMMON STOCKS - 96.27% | Value | |||||
Aerospace & Defense - 1.44% | |||||||
35,000 | VirTra, Inc. (a) | $ | 179,900 | ||||
179,900 | |||||||
Biotechnology - 3.05% | |||||||
12,000 | Actinium Pharmaceuticals, Inc. (a) | 59,160 | |||||
36,494 | ImmuCell Corp. (a) | 320,417 | |||||
379,577 | |||||||
Capital Markets - 2.32% | |||||||
9,000 | Hennessy Advisors, Inc. | 93,060 | |||||
11,000 | Silvercrest Asset Management Group, Inc. - Class A | 195,800 | |||||
288,860 | |||||||
Chemicals - 3.42% | |||||||
52,419 | AgroFresh Solutions, Inc. (a) | 92,782 | |||||
47,000 | Flexible Solutions International, Inc. - ADR (a)(d) | 109,745 | |||||
20,000 | Northern Technologies International Corp. | 223,000 | |||||
425,527 | |||||||
Commercial Services & Supplies - 2.02% | |||||||
60,000 | Quest Resource Holding Corp. (a) | 252,000 | |||||
252,000 | |||||||
Communications Equipment - 3.44% | |||||||
75,000 | BK Technologies Corp. | 206,250 | |||||
48,075 | PC-Tel, Inc. | 221,626 | |||||
427,876 | |||||||
Construction & Engineering - 1.61% | |||||||
14,635 | Bowman Consulting Group Ltd. (a) | 200,938 | |||||
200,938 | |||||||
Distributors - 0.27% | |||||||
10,000 | Educational Development Corp. | 33,800 | |||||
33,800 | |||||||
Diversified Financial Services - 2.19% | |||||||
9,000 | A-Mark Precious Metals, Inc. | 272,700 | |||||
272,700 | |||||||
Electrical Equipment - 0.77% | |||||||
30,000 | Expion360, Inc. (a) | 96,300 | |||||
96,300 | |||||||
Electronic Equipment, Instruments & Components - 9.01% | |||||||
20,000 | Airgain, Inc. (a) | 165,200 | |||||
44,899 | Data I/O Corp. (a) | 158,942 | |||||
16,000 | Identiv, Inc. (a) | 216,640 | |||||
22,500 | Luna Innovations, Inc. (a) | 145,575 | |||||
17,000 | Napco Security Technologies, Inc. (a) | 436,220 | |||||
1,122,577 | |||||||
Energy Equipment & Services - 1.04% | |||||||
9,000 | Gulf Island Fabrication, Inc. (a) | 30,330 | |||||
85,000 | Profire Energy, Inc. (a) | 99,450 | |||||
129,780 | |||||||
Equity Real Estate Investment - 2.00% | |||||||
45,000 | Global Self Storage, Inc. | 248,850 | |||||
248,850 | |||||||
Food Products - 0.96% | |||||||
50,000 | Better Choice Co, Inc. (a) | 119,000 | |||||
119,000 | |||||||
Health Care Equipment & Supplies - 6.87% | |||||||
25,000 | Biomerica, Inc. (a) | 69,250 | |||||
61,758 | Check Cap, Ltd. - ADR (a)(d) | 18,880 | |||||
196,571 | Dynatronics Corp. (a) | 129,835 | |||||
78,125 | INVO BioScience, Inc. (a) | 78,125 | |||||
7,500 | Myomo, Inc. (a) | 12,675 | |||||
19,987 | Sensus Healthcare, Inc. (a) | 225,054 | |||||
4,000 | UFP Technologies, Inc. (a) | 322,080 | |||||
855,899 | |||||||
Health Care Providers & Services - 1.17% | |||||||
27,000 | Quipt Home Medical Corp. - ADR (a)(d) | 145,530 | |||||
145,530 | |||||||
Hotels, Restaurants & Leisure - 3.43% | |||||||
20,000 | Century Casinos, Inc. (a) | 168,600 | |||||
70,000 | Galaxy Gaming, Inc. (a) | 259,000 | |||||
427,600 | |||||||
Household Durables - 1.88% | |||||||
40,000 | The Dixie Group, Inc. (a) | 56,800 | |||||
23,334 | Singing Machine Co., Inc. (a) | 177,805 | |||||
234,605 | |||||||
Interactive Media & Services - 2.06% | |||||||
52,400 | DHI Group, Inc. (a) | 256,236 | |||||
256,236 | |||||||
IT Services - 5.87% | |||||||
15,000 | Cantaloupe, Inc. (a) | 91,050 | |||||
50,000 | Data Storage Corp. (a) | 126,000 | |||||
40,001 | DecisionPoint Systems, Inc. (a) | 195,205 | |||||
20,000 | Information Services Group, Inc. | 149,200 | |||||
50,000 | Research Solutions Inc. (a) | 92,250 | |||||
35,244 | Usio, Inc. (a) | 76,832 | |||||
730,537 | |||||||
Leisure Products - 1.17% | |||||||
25,000 | Vision Marine Technologies, Inc. - ADR (a)(d) | 145,750 | |||||
145,750 | |||||||
Machinery - 5.50% | |||||||
22,500 | Commercial Vehicle Group, Inc. (a) | 173,250 | |||||
15,000 | Gencor Industries, Inc. (a) | 148,650 | |||||
10,315 | Taylor Devices, Inc. (a) | 87,677 | |||||
60,000 | TechPrecision Corp. (a) | 90,000 | |||||
9,000 | The Eastern Co. | 185,400 | |||||
684,977 | |||||||
Media - 1.80% | |||||||
12,000 | Perion Network Ltd. - ADR (a)(d) | 224,760 | |||||
224,760 | |||||||
Metals & Mining - 1.13% | |||||||
32,000 | Ampco-Pittsburgh Corp. (a) | 140,800 | |||||
140,800 | |||||||
Mortgage Real Estate Investment Trusts - 2.50% | |||||||
10,950 | Chicago Atlantic Real Estate Finance, Inc. | 155,709 | |||||
32,500 | Sachem Capital Corp. | 155,675 | |||||
311,384 | |||||||
Personal Products - 0.96% | |||||||
12,000 | Natural Alternatives International, Inc. (a) | 120,120 | |||||
120,120 | |||||||
Pharmaceuticals - 3.69% | |||||||
30,000 | Alimera Sciences, Inc. (a) | 171,300 | |||||
79,550 | Medicine Man Technologies, Inc. (a) | 81,117 | |||||
20,000 | ProPhase Labs, Inc. | 206,800 | |||||
459,217 | |||||||
Professional Services - 8.44% | |||||||
10,000 | BGSF, Inc. | 130,100 | |||||
34,000 | DLH Holdings Corp. (a) | 603,500 | |||||
11,250 | Hudson Global, Inc. (a) | 317,138 | |||||
1,050,738 | |||||||
Real Estate Management & Development - 0.68% | |||||||
13,000 | Fathom Holdings, Inc. (a) | 84,890 | |||||
84,890 | |||||||
Semiconductors & Semiconductor Equipment - 2.95% | |||||||
22,500 | AXT, Inc. (a) | 197,325 | |||||
20,000 | inTEST Corp. (a) | 169,600 | |||||
366,925 | |||||||
Software - 5.23% | |||||||
30,000 | Asure Software, Inc. (a) | 171,000 | |||||
55,510 | FalconStor Software, Inc. (a)(b) | 45,798 | |||||
12,371 | Intrusion, Inc. (a) | 49,113 | |||||
10,133 | Issuer Direct Corp. (a) | 253,224 | |||||
40,500 | NetSol Technologies, Inc. (a) | 132,435 | |||||
651,570 | |||||||
Technology Hardware, Storage & Peripherals - 2.77% | |||||||
55,000 | One Stop Systems, Inc. (a) | 214,500 | |||||
29,000 | TransAct Technologies, Inc. (a) | 130,500 | |||||
345,000 | |||||||
Textile, Apparel & Luxury Goods - 0.97% | |||||||
7,500 | Lakeland Industries, Inc. (a) | 120,300 | |||||
120,300 | |||||||
Trading Companies & Distributors - 1.75% | |||||||
3,500 | TransAct Technologies, Inc. (a) | 218,120 | |||||
218,120 | |||||||
Water Utilities - 1.91% | |||||||
18,000 | Global Water Resources, Inc. | 238,140 | |||||
238,140 | |||||||
TOTAL COMMON STOCKS (Cost $9,925,313) | $ | 11,990,783 | |||||
Contracts | WARRANTS - 0.05% | ||||||
Health Care Equipment & Supplies - 0.00% | |||||||
250,000 | Titan Medical, Inc. | ||||||
Expiration: 08/10/2023, Exercise Price $3.20 (a)(b)(e)(f) | $ | 0 | |||||
Metals & Mining - 0.05% | |||||||
15,000 | Ampco-Pittsburgh Corp. | ||||||
Expiration: 08/01/2025, Exercise Price $5.75 (a)(b) | 6,000 | ||||||
TOTAL WARRANTS (Cost $85,000) | $ | 6,000 | |||||
Shares | SHORT-TERM INVESTMENTS - 4.07% | ||||||
507,013 | First American Government Obligations Fund, Class X, 1.44% (c) | $ | 507,013 | ||||
TOTAL SHORT-TERM INVESTMENT (Cost $507,013) | $ | 507,013 | |||||
Total Investments (Cost $10,517,326) - 100.39% | $ | 12,503,796 | |||||
Liabilities in Excess of Other Assets - (0.39)% | (48,756 | ) | |||||
TOTAL NET ASSETS - 100.00% | $ | 12,455,040 |
Percentages are stated as a percent of net assets. | ||||||||
ADR | American Depository Receipt | |||||||
(a) | Non-income producing security. | |||||||
(b) | These securities are deemed to be illiquid. These securities represent $51,798 of value or 0.42% of net assets. | |||||||
(c) | The rate shown is the seven-day yield as of July 31, 2022. | |||||||
(d) | Foreign issued security. | |||||||
(e) | Security was purchased in a transaction exempt from registration in the U.S. under the Securities Act of 1933 (the “Act”) and, unless registered under the Act, may only be sold pursuant to exemption from registration and, in the case of a Rule 144A offering under the Act, may only be sold to “qualified institutional buyers.” The value of this security is $0 or 0.00% of the Fund’s net assets. This security is deemed to be liquid. | |||||||
(f) | The prices for these securities were derived from estimates of fair value using methods approved by the Fund’s Board of Directors. These securities represent $0 of value or 0.00% of net assets. |