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 A R CORP | COM | 000361105 | 1,786 | 94,005 | SH | | SOLE | 0 | 94,005 | 0 | 0 |
A T & T INC | COM | 00206R102 | 856 | 30,047 | SH | | SOLE | 0 | 30,047 | 0 | 0 |
ABBVIE INC | COM | 00287Y109 | 349 | 3,985 | SH | | SOLE | 0 | 3,985 | 0 | 0 |
ACACIA RESH ACACIA | ACACIA TCH COM | 003881307 | 36 | 10,000 | SH | | SOLE | 0 | 10,000 | 0 | 0 |
ALASKA COMMUNS SY | COM | 01167P101 | 438 | 220,000 | SH | | SOLE | 0 | 220,000 | 0 | 0 |
ALIBABA GROUP | SPONSORED ADS | 01609W102 | 271 | 932 | SH | | SOLE | 0 | 932 | 0 | 0 |
ALLY FINL INC | COM | 02005N100 | 2,213 | 88,317 | SH | | SOLE | 0 | 88,317 | 0 | 0 |
ALPHABET INC. CLASS A | CAP STK CL A | 02079K305 | 968 | 652 | SH | | SOLE | 0 | 652 | 0 | 0 |
ALPHABET INC. CLASS C | CAP STK CL C | 02079K107 | 7,320 | 4,920 | SH | | SOLE | 0 | 4,920 | 0 | 0 |
ALTA EQUIPMENT GROUP INC | COMMON STOCK | 02128L106 | 78 | 10,000 | SH | | SOLE | 0 | 10,000 | 0 | 0 |
AMAZON.COM INC | COM | 023135106 | 14,450 | 4,528 | SH | | SOLE | 0 | 4,528 | 0 | 0 |
AMPLIFY ENERGY CORP NEW | COM | 03212B103 | 24 | 29,966 | SH | | SOLE | 0 | 29,966 | 0 | 0 |
APPLE INC | COM | 037833100 | 10,649 | 91,149 | SH | | SOLE | 0 | 91,149 | 0 | 0 |
ARLINGTON ASSET INVT CLASS A | CL A NEW | 041356205 | 230 | 81,900 | SH | | SOLE | 0 | 81,900 | 0 | 0 |
ARMADA HOFFLER PPTYS REIT | COM | 04208T108 | 395 | 42,200 | SH | | SOLE | 0 | 42,200 | 0 | 0 |
AZEK CO INC CLASS A | CL A | 05478C105 | 706 | 20,000 | SH | | SOLE | 0 | 20,000 | 0 | 0 |
BABCOCK & WILCOX ENTERPR | COM | 05614L209 | 212 | 90,000 | SH | | SOLE | 0 | 90,000 | 0 | 0 |
BANCORP INC | COM | 05969A105 | 868 | 100,650 | SH | | SOLE | 0 | 100,650 | 0 | 0 |
BANKFINL CORP | COM | 06643P104 | 426 | 58,300 | SH | | SOLE | 0 | 58,300 | 0 | 0 |
BERKSHIRE HATHAWAY CLASS B | CL B NEW | 084670702 | 269 | 1,262 | SH | | SOLE | 0 | 1,262 | 0 | 0 |
BLUEROCK RESIDENTIAL REIT | COM CL A | 09627J102 | 434 | 56,090 | SH | | SOLE | 0 | 56,090 | 0 | 0 |
BOX INC CLASS A | CL A | 10316T104 | 3,960 | 223,000 | SH | | SOLE | 0 | 223,000 | 0 | 0 |
BRIDGEWATER BANCSHARES I | COM ACCD INV | 108621103 | 704 | 72,918 | SH | | SOLE | 0 | 72,918 | 0 | 0 |
BRISTOL-MYERS SQUIBB | COM | 110122108 | 567 | 9,420 | SH | | SOLE | 0 | 9,420 | 0 | 0 |
BROADMARK RLTY CAP INC | COM | 11135B100 | 350 | 35,500 | SH | | SOLE | 0 | 35,500 | 0 | 0 |
CALERES INC | COM | 129500104 | 97 | 10,000 | SH | | SOLE | 0 | 10,000 | 0 | 0 |
CAPITALA FIN CO | COM | 14054R502 | 195 | 20,749 | SH | | SOLE | 0 | 20,749 | 0 | 0 |
CARTER BANK & TRUST | COM | 146102108 | 428 | 63,869 | SH | | SOLE | 0 | 63,869 | 0 | 0 |
CATERPILLAR INC | COM | 149123101 | 1,055 | 7,116 | SH | | SOLE | 0 | 7,116 | 0 | 0 |
CHARTER COMMUNICATN CLASS A | CL A | 16119P108 | 948 | 1,500 | SH | | SOLE | 0 | 1,500 | 0 | 0 |
CHURCHILL DOWNS INC | COM | 171484108 | 4,930 | 29,700 | SH | | SOLE | 0 | 29,700 | 0 | 0 |
CITIZENS CMNTY BANCO | COM | 174903104 | 69 | 10,000 | SH | | SOLE | 0 | 10,000 | 0 | 0 |
CITY OFFICE R E I T INCOREIT | COM | 178587101 | 283 | 37,850 | SH | | SOLE | 0 | 37,850 | 0 | 0 |
CLEAR CHANNEL OUTDR | COM | 18453H106 | 30 | 30,000 | SH | | SOLE | 0 | 30,000 | 0 | 0 |
CMNTY WEST BANCSHARE | COM | 204157101 | 294 | 35,000 | SH | | SOLE | 0 | 35,000 | 0 | 0 |
CODORUS VY BANCORP | COM | 192025104 | 433 | 33,463 | SH | | SOLE | 0 | 33,463 | 0 | 0 |
COMCAST CORP CLASS A | CL A | 20030N101 | 516 | 11,080 | SH | | SOLE | 0 | 11,080 | 0 | 0 |
COMMUNITY BANKERS TR | COM | 203612106 | 220 | 43,228 | SH | | SOLE | 0 | 43,228 | 0 | 0 |
CONAGRA BRANDS INC | COM | 205887102 | 1,591 | 45,725 | SH | | SOLE | 0 | 45,725 | 0 | 0 |
CORECIVIC INC | COM | 21871N101 | 293 | 36,600 | SH | | SOLE | 0 | 36,600 | 0 | 0 |
CVS HEALTH CORP | COM | 126650100 | 2,635 | 45,605 | SH | | SOLE | 0 | 45,605 | 0 | 0 |
DISH NETWORK CORP CLASS A | CL A | 25470M109 | 4,731 | 164,170 | SH | | SOLE | 0 | 164,170 | 0 | 0 |
DOVER MOTORSPORTS | COM | 260174107 | 1,592 | 1,145,500 | SH | | SOLE | 0 | 1,145,500 | 0 | 0 |
EVOGENE LTD F | SHS | M4119S104 | 219 | 53,600 | SH | | SOLE | 0 | 53,600 | 0 | 0 |
EXANTAS CAPITAL CORP | COM NEW | 30068N105 | 31 | 15,000 | SH | | SOLE | 0 | 15,000 | 0 | 0 |
FACEBOOK INC CLASS A | CL A | 30303M102 | 3,054 | 11,476 | SH | | SOLE | 0 | 11,476 | 0 | 0 |
FAUQUIER BANKSHARES | COM | 312059108 | 801 | 52,200 | SH | | SOLE | 0 | 52,200 | 0 | 0 |
FEDERAL AGRI MTG CO | CLA | 313148306 | 519 | 8,151 | SH | | SOLE | 0 | 8,151 | 0 | 0 |
FEDEX CORP | COM | 31428X106 | 509 | 2,000 | SH | | SOLE | 0 | 2,000 | 0 | 0 |
FIRST BUSINESS FINL | COM | 319390100 | 294 | 20,600 | SH | | SOLE | 0 | 20,600 | 0 | 0 |
FIRST CHOICE BANCORP | COM | 31948P104 | 135 | 10,000 | SH | | SOLE | 0 | 10,000 | 0 | 0 |
FIRST TRUST MLP AND ENER | COM | 33739B104 | 284 | 61,760 | SH | | SOLE | 0 | 61,760 | 0 | 0 |
FS BANCORP INC | COM | 30263Y104 | 713 | 17,400 | SH | | SOLE | 0 | 17,400 | 0 | 0 |
G E O GROUP INC NEW REIT | COM | 36162J106 | 226 | 20,000 | SH | | SOLE | 0 | 20,000 | 0 | 0 |
GAN LTD F | ORD SHS | G3728V109 | 190 | 11,700 | SH | | SOLE | 0 | 11,700 | 0 | 0 |
GUARANTY FED BANCSHS | COM | 40108P101 | 491 | 35,200 | SH | | SOLE | 0 | 35,200 | 0 | 0 |
HAIN CELESTIAL GROUP | COM | 405217100 | 700 | 20,400 | SH | | SOLE | 0 | 20,400 | 0 | 0 |
HARTE HANKS COMMUNICATIO | COM | 416196202 | 426 | 205,000 | SH | | SOLE | 0 | 205,000 | 0 | 0 |
HEXCEL CORP | COM | 428291108 | 244 | 7,050 | SH | | SOLE | 0 | 7,050 | 0 | 0 |
HORIZON BANCORP INC | COM | 440407104 | 331 | 33,300 | SH | | SOLE | 0 | 33,300 | 0 | 0 |
IHEARTMEDIA INC CLASS A | COM CL A | 45174J509 | 101 | 12,500 | SH | | SOLE | 0 | 12,500 | 0 | 0 |
ISHARES 20 YEAR TREASURY BOND ETF | 20 YR TR BD ETF | 464287432 | 256 | 1,570 | SH | | SOLE | 0 | 1,570 | 0 | 0 |
ISHARES DOW JONES US ETF | DOW JONES US ETF | 464287846 | 409 | 2,440 | SH | | SOLE | 0 | 2,440 | 0 | 0 |
ISHARES MSCI EAFE ETF | MSCI EAFE ETF | 464287465 | 392 | 6,123 | SH | | SOLE | 0 | 6,123 | 0 | 0 |
ISHARES RUSSELL 1000 VALUE ETF | RUS 1000 VAL ETF | 464287598 | 2,681 | 22,648 | SH | | SOLE | 0 | 22,648 | 0 | 0 |
ISHARES S&P 500 GROWTH ETF | S&P 500 GRWT ETF | 464287309 | 266 | 1,142 | SH | | SOLE | 0 | 1,142 | 0 | 0 |
ISHARES S&P MID CAP 400 VALUE ETF | S&P MC 400VL ETF | 464287705 | 362 | 2,673 | SH | | SOLE | 0 | 2,673 | 0 | 0 |
ISHARES ULTRA SHORT TERMBOND ETF | ULTR SH TRM BD | 46434V878 | 501 | 9,916 | SH | | SOLE | 0 | 9,916 | 0 | 0 |
JAMES FINL GRP | COM | 470299108 | 2,110 | 216,408 | SH | | SOLE | 0 | 216,408 | 0 | 0 |
JOHNSON & JOHNSON | COM | 478160104 | 671 | 4,517 | SH | | SOLE | 0 | 4,517 | 0 | 0 |
KANSAS CITY SOUTHERN | COM NEW | 485170302 | 1,219 | 6,700 | SH | | SOLE | 0 | 6,700 | 0 | 0 |
KINGSTONE COMPANIES | COM | 496719105 | 558 | 94,125 | SH | | SOLE | 0 | 94,125 | 0 | 0 |
L S B INDUSTRIES INC | COM | 502160104 | 1,031 | 652,300 | SH | | SOLE | 0 | 652,300 | 0 | 0 |
LAKELAND BANCORP | COM | 511637100 | 104 | 10,500 | SH | | SOLE | 0 | 10,500 | 0 | 0 |
LENNAR CORP CLASS B | CL B | 526057302 | 2,065 | 31,550 | SH | | SOLE | 0 | 31,550 | 0 | 0 |
LIBERTY MEDIA CORP SERIES A LIBERTY MEDIA | COM SER A FRMLA | 531229870 | 958 | 27,650 | SH | | SOLE | 0 | 27,650 | 0 | 0 |
LIBERTY MEDIA CORP SERIES A LIBERTY SIRIUSXM | COM A SIRIUSXM | 531229409 | 5,630 | 166,433 | SH | | SOLE | 0 | 166,433 | 0 | 0 |
LIBERTY MEDIA CORP SERIES C LIBERTY SIRIUSXM | COM C SIRIUSXM | 531229607 | 363 | 10,701 | SH | | SOLE | 0 | 10,701 | 0 | 0 |
LIMELIGHT NETWORKS | COM | 53261M104 | 92 | 16,000 | SH | | SOLE | 0 | 16,000 | 0 | 0 |
LIONS GATE ENTMT FCLASS A | CL A VTG | 535919401 | 700 | 76,000 | SH | | SOLE | 0 | 76,000 | 0 | 0 |
M V B FINL CORP | COM | 553810102 | 920 | 56,920 | SH | | SOLE | 0 | 56,920 | 0 | 0 |
MADISON SQUARE GARDEN COCLASS A | CL A | 55825T103 | 212 | 1,423 | SH | | SOLE | 0 | 1,423 | 0 | 0 |
MADISON SQUARE GARDEN ENCLASS A | CL A | 55826T102 | 1,303 | 19,223 | SH | | SOLE | 0 | 19,223 | 0 | 0 |
MAINSTREET BK HERNDO | COM | 56064Y100 | 122 | 10,000 | SH | | SOLE | 0 | 10,000 | 0 | 0 |
MARVELL TECH GROUP F | ORD | G5876H105 | 682 | 17,000 | SH | | SOLE | 0 | 17,000 | 0 | 0 |
MICRON TECHNOLOGY | COM | 595112103 | 3,998 | 83,450 | SH | | SOLE | 0 | 83,450 | 0 | 0 |
MICROSOFT CORP | COM | 594918104 | 5,135 | 24,158 | SH | | SOLE | 0 | 24,158 | 0 | 0 |
NAVIENT CORP | COM | 63938C108 | 2,157 | 257,053 | SH | | SOLE | 0 | 257,053 | 0 | 0 |
NETFLIX INC | COM | 64110L106 | 3,140 | 6,179 | SH | | SOLE | 0 | 6,179 | 0 | 0 |
NEW RESIDENTIAL INVE REIT | COM NEW | 64828T201 | 252 | 31,750 | SH | | SOLE | 0 | 31,750 | 0 | 0 |
NEWMONT CORP | COM | 651639106 | 2,598 | 41,100 | SH | | SOLE | 0 | 41,100 | 0 | 0 |
NEXPOINT REAL ESTATE FIN | COM | 65342V101 | 170 | 11,500 | SH | | SOLE | 0 | 11,500 | 0 | 0 |
NIKE INC CLASS B | CL B | 654106103 | 280 | 2,219 | SH | | SOLE | 0 | 2,219 | 0 | 0 |
NOODLES & CO CLASS A | COM CL A | 65540B105 | 1,842 | 267,000 | SH | | SOLE | 0 | 267,000 | 0 | 0 |
NORTONLIFELOCK INC | COM | 668771108 | 523 | 25,000 | SH | | SOLE | 0 | 25,000 | 0 | 0 |
NVIDIA CORP | COM | 67066G104 | 2,433 | 4,475 | SH | | SOLE | 0 | 4,475 | 0 | 0 |
O2MICRO | SPONS ADR | 67107W100 | 1,115 | 317,800 | SH | | SOLE | 0 | 317,800 | 0 | 0 |
OLD SECOND BNCP INC | COM | 680277100 | 127 | 17,000 | SH | | SOLE | 0 | 17,000 | 0 | 0 |
PARK HOTELS & RESORTS INREIT | COM | 700517105 | 100 | 10,000 | SH | | SOLE | 0 | 10,000 | 0 | 0 |
PFIZER INC | COM | 717081103 | 771 | 21,150 | SH | | SOLE | 0 | 21,150 | 0 | 0 |
PLYMOUTH INDUSTRIAL R E REIT | COM | 729640102 | 125 | 10,000 | SH | | SOLE | 0 | 10,000 | 0 | 0 |
PORTMAN RIDGE FIN CORP | COM | 73688F102 | 137 | 104,000 | SH | | SOLE | 0 | 104,000 | 0 | 0 |
POST HOLDINGS INC | COM | 737446104 | 435 | 5,000 | SH | | SOLE | 0 | 5,000 | 0 | 0 |
QUANTUM CP DLT & STO | COM NEW | 747906501 | 2,325 | 508,850 | SH | | SOLE | 0 | 508,850 | 0 | 0 |
READING INTL CLASS A | CL A | 755408101 | 2,378 | 731,603 | SH | | SOLE | 0 | 731,603 | 0 | 0 |
RED LION HOTELS CORP | COM | 756764106 | 2,174 | 1,002,000 | SH | | SOLE | 0 | 1,002,000 | 0 | 0 |
RELIANT BANCORP INC | COM | 75956B101 | 216 | 15,000 | SH | | SOLE | 0 | 15,000 | 0 | 0 |
RIMINI STREET INC DELAWA | COM | 76674Q107 | 64 | 20,000 | SH | | SOLE | 0 | 20,000 | 0 | 0 |
RING ENERGY INC. | COM | 76680V108 | 63 | 90,000 | SH | | SOLE | 0 | 90,000 | 0 | 0 |
RIVERVIEW FINL | COM | 76940Q105 | 169 | 25,000 | SH | | SOLE | 0 | 25,000 | 0 | 0 |
SALISBURY BANCORP | COM | 795226109 | 1,147 | 34,754 | SH | | SOLE | 0 | 34,754 | 0 | 0 |
SCHWAB EMERGING MARKETS EQUITY ETF | EMRG MKTEQ ETF | 808524706 | 341 | 12,654 | SH | | SOLE | 0 | 12,654 | 0 | 0 |
SCHWAB INTERNATIONAL EQUITY E ETF IV | INTL EQTY ETF | 808524805 | 428 | 13,573 | SH | | SOLE | 0 | 13,573 | 0 | 0 |
SCHWAB SHORT TERM US TREASURY ETF IV | SHT TM US TRES | 808524862 | 763 | 14,826 | SH | | SOLE | 0 | 14,826 | 0 | 0 |
SCHWAB US AGGREGATE BONDETF | US AGGREGATE B | 808524839 | 995 | 17,759 | SH | | SOLE | 0 | 17,759 | 0 | 0 |
SCHWAB US DIVIDEND EQUITY ETF | US DIVIDEND EQ | 808524797 | 4,473 | 80,937 | SH | | SOLE | 0 | 80,937 | 0 | 0 |
SCHWAB US LARGE CAP ETF IV | US LRG CAP ETF | 808524201 | 1,839 | 22,672 | SH | | SOLE | 0 | 22,672 | 0 | 0 |
SCOTTS MIRACLE GRO CO | CL A | 810186106 | 225 | 1,500 | SH | | SOLE | 0 | 1,500 | 0 | 0 |
SEACOAST BK CORP FLA | COM NEW | 811707801 | 497 | 27,750 | SH | | SOLE | 0 | 27,750 | 0 | 0 |
SEACOR HLDGS INC | COM | 811904101 | 229 | 8,000 | SH | | SOLE | 0 | 8,000 | 0 | 0 |
SELECT BANCORP INC | COM | 81617L108 | 72 | 10,000 | SH | | SOLE | 0 | 10,000 | 0 | 0 |
SPDR GOLD SHARES ETF EC | GOLD SHS | 78463V107 | 2,404 | 13,458 | SH | | SOLE | 0 | 13,458 | 0 | 0 |
SPDR S&P 500 ETF | TR UNIT | 78462F103 | 596 | 1,771 | SH | | SOLE | 0 | 1,771 | 0 | 0 |
SPDR S&P MIDCAP 400 ETF | UTSER1 S&PDCRP | 78467Y107 | 358 | 1,050 | SH | | SOLE | 0 | 1,050 | 0 | 0 |
SPOTIFY TECHNOLOGY F | SHS | L8681T102 | 1,767 | 7,160 | SH | | SOLE | 0 | 7,160 | 0 | 0 |
SPROTT PHYSICAL GOLD & S | TR UNIT | 85208R101 | 591 | 31,736 | SH | | SOLE | 0 | 31,736 | 0 | 0 |
STARBUCKS CORP | COM | 855244109 | 2,572 | 29,549 | SH | | SOLE | 0 | 29,549 | 0 | 0 |
STEREOTAXIS INC | COM NEW | 85916J409 | 39 | 11,000 | SH | | SOLE | 0 | 11,000 | 0 | 0 |
STITCH FIX INC CLASS A | COM CL A | 860897107 | 2,142 | 78,860 | SH | | SOLE | 0 | 78,860 | 0 | 0 |
SUPERIOR INDUSTRIES | COM | 868168105 | 25 | 20,000 | SH | | SOLE | 0 | 20,000 | 0 | 0 |
TELEPHONE & DATA SYS | COM NEW | 879433829 | 6,679 | 368,400 | SH | | SOLE | 0 | 368,400 | 0 | 0 |
TIDEWATER INC NEW | COM | 88642R109 | 322 | 48,900 | SH | | SOLE | 0 | 48,900 | 0 | 0 |
TOWNSQUARE MEDIA INC CLASS A | CL A | 892231101 | 232 | 49,950 | SH | | SOLE | 0 | 49,950 | 0 | 0 |
TRAVELCENTERS AMER INC | COM NEW | 89421B109 | 4,092 | 206,656 | SH | | SOLE | 0 | 206,656 | 0 | 0 |
TSAKOS ENERGY NAV F | SHS | G9108L173 | 125 | 16,000 | SH | | SOLE | 0 | 16,000 | 0 | 0 |
TYSON FOODS INC CLASS A | CL A | 902494103 | 293 | 4,945 | SH | | SOLE | 0 | 4,945 | 0 | 0 |
UMPQUA HOLDINGS CORP | COM | 904214103 | 145 | 13,500 | SH | | SOLE | 0 | 13,500 | 0 | 0 |
UNITEDHEALTH GRP INC | COM | 91324P102 | 501 | 1,600 | SH | | SOLE | 0 | 1,600 | 0 | 0 |
UNIVERSAL STAIN&ALOY | COM | 913837100 | 244 | 44,674 | SH | | SOLE | 0 | 44,674 | 0 | 0 |
URANIUM ENERGY CORP | COM | 916896103 | 50 | 50,000 | SH | | SOLE | 0 | 50,000 | 0 | 0 |
VALE SA | SPONSORED ADS | 91912E105 | 156 | 15,000 | SH | | SOLE | 0 | 15,000 | 0 | 0 |
VANGUARD MID CAP GROWTH ETF | MCAP GR INXVIP | 922908538 | 571 | 3,139 | SH | | SOLE | 0 | 3,139 | 0 | 0 |
VANGUARD SMALL CAP GROWTH ETF | SML CP GRW ETF | 922908595 | 362 | 1,670 | SH | | SOLE | 0 | 1,670 | 0 | 0 |
VANGUARD SMALL CAP VALUEETF IV | SM CP VAL ETF | 922908611 | 458 | 4,124 | SH | | SOLE | 0 | 4,124 | 0 | 0 |
VEREIT INC REIT | COM | 92339V100 | 66 | 10,000 | SH | | SOLE | 0 | 10,000 | 0 | 0 |
WALT DISNEY CO | COM DISNEY | 254687106 | 5,384 | 43,396 | SH | | SOLE | 0 | 43,396 | 0 | 0 |
WARNER MUSIC GROUP CORP CLASS A | COM CL A | 934550203 | 374 | 13,200 | SH | | SOLE | 0 | 13,200 | 0 | 0 |
WASTE MANAGEMENT INC | COM | 94106L109 | 391 | 3,475 | SH | | SOLE | 0 | 3,475 | 0 | 0 |
WHEELER REIT REIT | COM NEW | 963025705 | 2,119 | 699,687 | SH | | SOLE | 0 | 699,687 | 0 | 0 |
WW INTERNTNL INC | COM | 98262P101 | 2,595 | 133,230 | SH | | SOLE | 0 | 133,230 | 0 | 0 |
Y R C WORLDWIDE INC | COM PAR $.01 | 984249607 | 370 | 94,000 | SH | | SOLE | 0 | 94,000 | 0 | 0 |