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
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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
3M Company COM 88579Y101   257,416 2,519 SH   DFND   0 2,519 0
Abbvie Inc. COM 00287Y109   258,406 1,507 SH   DFND   0 1,507 0
Accenture PLC COM G1151C101   343,460 1,132 SH   DFND   0 1,132 0
Adobe Systems Inc. COM 00724F101   279,437 503 SH   DFND   0 503 0
AerSale Corp. COM 00810F106   13,104,321 1,893,688 SH   DFND   1,080,842 812,846 0
Alphabet Inc. Cl A COM 02079K305   6,370,504 34,974 SH   DFND   5,100 29,874 0
Alphabet Inc. Cl C COM 02079K107   4,663,210 25,424 SH   DFND   0 25,424 0
Amazon.com COM 023135106   1,420,581 7,351 SH   DFND   0 7,351 0
American Electric Power COM 025537101   592,245 6,750 SH   DFND   6,400 350 0
Apple, Inc. COM 037833100   3,995,872 18,972 SH   DFND   5,500 13,472 0
Asure Software Inc. COM 04649U102   32,029,822 3,813,074 SH   DFND   1,402,590 2,410,484 0
Bank of America Corp. COM 060505104   420,257 10,567 SH   DFND   0 10,567 0
Barrett Business Services COM 068463108   41,304,369 1,260,432 SH   DFND   474,488 785,944 0
Berkshire Hathaway Inc. Cl B COM 084670702   429,988 1,057 SH   DFND   0 1,057 0
BGC Group Inc COM 088929104   22,817,032 2,749,040 SH   DFND   841,105 1,907,935 0
Blackrock Inc. COM 09247X101   255,674 325 SH   DFND   0 325 0
Broadcom Inc. COM 11135F101   216,798 135 SH   DFND   0 135 0
Campbell Soup Co. COM 134429109   736,597 16,300 SH   DFND   16,000 300 0
CF Industries Holdings Inc. COM 125269100   447,531 6,038 SH   DFND   5,800 238 0
Chevron Corporation COM 166764100   2,809,807 17,963 SH   DFND   0 17,963 0
Clorox Co. COM 189054109   1,078,113 7,900 SH   DFND   6,000 1,900 0
Compass Minerals International, Inc. COM 20451N101   154,950 15,000 SH Call DFND   15,000 0 0
Consolidated Edison Inc. COM 209115104   212,976 2,382 SH   DFND   0 2,382 0
Costco Wholesale Corporation COM 22160K105   249,985 294 SH   DFND   0 294 0
Direxion Financial Bull 3X Shs COM 25459Y694   555,445 5,500 SH   DFND   5,500 0 0
Direxion NASDAQ-100 Equal Weighted ETF COM 25459Y207   324,641 3,658 SH   DFND   0 3,658 0
Dow Jones Indl Average SPDR ETF COM 78467X109   469,356 1,200 SH   DFND   200 1,000 0
Duke Energy Corp. COM 26441C204   429,344 4,284 SH   DFND   0 4,284 0
ECN Capital Corporation COM 26829L107   22,933,487 18,645,111 SH   DFND   7,976,915 10,668,196 0
Energy Select Sector SPDR COM 81369Y506   1,751,713 19,218 SH   DFND   11,500 7,718 0
Everi Holdings, Inc. COM 30034T103   25,513,900 3,037,369 SH   DFND   1,009,036 2,028,333 0
Exxon Mobil Corp. COM 30231G102   609,041 5,290 SH   DFND   0 5,290 0
Financials Select Sector SPDR COM 81369Y605   545,271 13,264 SH   DFND   0 13,264 0
First Busey Corp. COM 319383204   9,408,249 388,610 SH   DFND   99,708 288,902 0
First Northwest Bancorp COM 335834107   7,558,249 780,005 SH   DFND   237,891 542,114 0
FirstEnergy Corp. COM 337932107   574,050 15,000 SH   DFND   15,000 0 0
Harrow Inc. COM 415858109   56,713,237 2,714,851 SH   DFND   1,028,671 1,686,180 0
Healthcare Select Sector SPDR COM 81369Y209   641,683 4,403 SH   DFND   0 4,403 0
Highland Opportunities & Income Fund COM 43010E404   374,375 59,900 SH   DFND   59,900 0 0
Home Depot Inc. COM 437076102   1,055,318 3,066 SH   DFND   0 3,066 0
Honeywell International Inc. COM 438516106   436,919 2,046 SH   DFND   0 2,046 0
IBEX LTD COM G4690M101   868,316 53,666 SH   DFND   12,987 40,679 0
Imax Corporation COM 45245E109   21,706,652 1,294,374 SH   DFND   468,815 825,559 0
Information Services Group COM 45675Y104   15,944,419 5,423,272 SH   DFND   1,611,193 3,812,079 0
International Business Machines Corp. COM 459200101   2,175,178 12,577 SH   DFND   0 12,577 0
Invesco QQQ Trust Series 1 COM 46090E103   946,082 1,975 SH   DFND   0 1,975 0
Invesco S&P 100 Equal Weight ETF COM 46137V449   850,675 9,002 SH   DFND   0 9,002 0
iShares Core MSCI Emerging Markets COM 46434G103   330,823 6,180 SH   DFND   0 6,180 0
iShares Core MSCI Total Int'l Stock ETF COM 46432F834   222,584 3,295 SH   DFND   0 3,295 0
iShares Core S&P 500 COM 464287200   2,105,322 3,847 SH   DFND   0 3,847 0
iShares Core S&P Mid Cap ETF COM 464287507   2,368,107 40,467 SH   DFND   0 40,467 0
iShares Core S&P Small Cap ETF COM 464287804   234,199 2,196 SH   DFND   0 2,196 0
iShares Core US Aggregate Bond ETF COM 464287226   1,258,244 12,962 SH   DFND   0 12,962 0
iShares Russell 1000 Index Fund ETF COM 464287622   210,792 708 SH   DFND   0 708 0
iShares Russell 2000 Index ETF COM 464287655   421,403 2,077 SH   DFND   800 1,277 0
iShares Russell 2000 Index ETF COM 464287655   40,578 200 SH Put DFND   200 0 0
Jefferies Financial Group Inc. COM 47233W109   38,371,158 771,125 SH   DFND   280,370 490,755 0
JM Smucker Company COM 832696405   331,264 3,038 SH   DFND   0 3,038 0
Johnson & Johnson COM 478160104   258,867 1,771 SH   DFND   0 1,771 0
JP Morgan Chase & Co. COM 46625H100   23,449,269 115,936 SH   DFND   0 115,936 0
JP Morgan Chase Fin'l Co LLC Alerian COM 48133Q309   222,509 7,689 SH   DFND   0 7,689 0
Keurig Dr Pepper Inc COM 49271V100   534,400 16,000 SH   DFND   14,500 1,500 0
KKR & Co. Inc. Cl A COM 48251W104   43,632,143 414,597 SH   DFND   136,265 278,332 0
Lakeland Industries Inc. COM 511795106   25,813,144 1,125,246 SH   DFND   395,332 729,914 0
Lantheus Holdings Inc. COM 516544103   42,986,704 535,393 SH   DFND   187,873 347,520 0
Ligand Pharmaceuticals COM 53220K504   11,333,391 134,505 SH   DFND   45,160 89,345 0
Lockheed Martin Corp. COM 539830109   410,803 879 SH   DFND   0 879 0
Mastercard Incorporated COM 57636Q104   1,430,555 3,243 SH   DFND   0 3,243 0
Merck & Co. Inc. COM 58933Y105   206,051 1,664 SH   DFND   0 1,664 0
Meta Platforms, Inc. COM 30303M102   776,007 1,539 SH   DFND   0 1,539 0
Microsoft Corp COM 594918104   3,108,111 6,954 SH   DFND   1,900 5,054 0
Molson Coors Beverage Company COM 60871R209   950,521 18,700 SH   DFND   12,500 6,200 0
Molson Coors Beverage Company COM 60871R209   6,099,600 120,000 SH Call DFND   120,000 0 0
Motorcar Parts of America, Inc. COM 620071100   16,544,257 2,681,403 SH   DFND   1,038,115 1,643,288 0
National Fuel Gas Co. COM 636180101   1,246,370 23,000 SH   DFND   15,000 8,000 0
New York Community Bancorp Inc. COM 649445400   49,097 15,248 SH   DFND   0 15,248 0
Newmont Corporation COM 651639106   502,440 12,000 SH   DFND   12,000 0 0
NextEra Energy Inc. COM 65339F101   577,220 8,152 SH   DFND   600 7,552 0
Northern Trust Corporation COM 665859104   203,986 2,429 SH   DFND   0 2,429 0
Nutrien Ltd. COM 67077M108   829,147 16,287 SH   DFND   16,000 287 0
Nvidia Corporation COM 67066G104   551,585 4,465 SH   DFND   0 4,465 0
Palantir Technologies Inc. COM 69608A108   1,512,473 59,711 SH   DFND   0 59,711 0
Paypal Holdings Inc. COM 70450Y103   1,955,611 33,700 SH   DFND   30,000 3,700 0
PayPal Holdings, Inc. COM 70450Y103   2,901,500 50,000 SH Call DFND   50,000 0 0
PayPal Holdings, Inc. COM 70450Y103   957,495 16,500 SH Put DFND   16,500 0 0
Peabody Energy Corporation COM 704551100   816,228 36,900 SH   DFND   35,000 1,900 0
Peabody Energy Corporation COM 704551100   2,875,600 130,000 SH Call DFND   130,000 0 0
Pepsico, Inc. COM 713448108   781,669 4,739 SH   DFND   4,000 739 0
Perion Network Ltd. COM M78673114   15,009,726 1,797,572 SH   DFND   669,295 1,128,277 0
Perion Network Ltd COM M78673114   167,000 20,000 SH Call DFND   20,000 0 0
Perion Network Ltd COM M78673114   233,800 28,000 SH Put DFND   28,000 0 0
Pfizer Inc. COM 717081103   993,290 35,500 SH Put DFND   35,500 0 0
Pfizer, Inc. COM 717081103   1,940,622 69,357 SH   DFND   67,500 1,857 0
Phillips 66 COM 718546104   1,081,872 7,664 SH   DFND   6,900 764 0
PowerFleet, Inc. COM 73931J109   31,103,502 6,806,018 SH   DFND   3,096,809 3,709,209 0
ProShares S&P 500 Dividend Aristocrats COM 74348A467   4,586,797 47,715 SH   DFND   7,000 40,715 0
Qualcomm, Inc. COM 747525103   459,100 2,305 SH   DFND   2,000 305 0
Quest Diagnostics, Inc. COM 74834L100   1,122,416 8,200 SH   DFND   6,000 2,200 0
QuinStreet, Inc. COM 74874Q100   70,693,773 4,261,228 SH   DFND   1,549,333 2,711,895 0
Range Resources COM 75281A109   620,305 18,500 SH   DFND   18,500 0 0
Raymond James Financial, Inc. COM 754730109   7,826,614 63,317 SH   DFND   0 63,317 0
RealReal Inc. COM 88339P101   76,560 24,000 SH   DFND   24,000 0 0
Revance Therapeutics, Inc. COM 761330109   25,700 10,000 SH Call DFND   10,000 0 0
Schwab International Equity ETF COM 808524805   1,470,427 38,272 SH   DFND   0 38,272 0
Schwab Strategic Tr Emerging Mkts Eqty ETF COM 808524706   230,236 8,669 SH   DFND   0 8,669 0
Secure Energy Services Inc. COM 81373C102   5,273,237 596,520 SH   DFND   190,935 405,585 0
Shell PLC Spon ADS COM 780259305   651,369 9,024 SH   DFND   9,000 24 0
Shore Bancshares Inc COM 825107105   2,815,795 245,921 SH   DFND   56,090 189,831 0
SmartFinancial Inc. COM 83190L208   13,555,091 572,670 SH   DFND   182,470 390,200 0
Southern Co. COM 842587107   940,289 12,122 SH   DFND   7,500 4,622 0
SPDR Dow Jones Industrial Average ETF Trust COM 78467X109   78,226 200 SH Put DFND   200 0 0
SPDR S&P MidCap 400 ETF Trust COM 78467Y107   206,006 385 SH   DFND   0 385 0
Standard & Poor's Depositary Receipts COM 78462F103   5,161,965 9,485 SH   DFND   6,500 2,985 0
Stoneridge, Inc. COM 86183P102   1,144,093 71,685 SH   DFND   0 71,685 0
StoneX Group Inc. COM 861896108   31,147,990 413,597 SH   DFND   140,249 273,348 0
Synovus Financial Corp. COM 87161C501   14,319,923 356,306 SH   DFND   85,516 270,790 0
Target Hospitality Corp. COM 87615L107   46,831,832 5,376,789 SH   DFND   1,834,244 3,542,545 0
Target Hospitality Corp. COM 87615L107   719,446 82,600 SH Call DFND   82,600 0 0
Target Hospitality Corp. COM 87615L107   387,595 44,500 SH Put DFND   44,500 0 0
Technology Sector SPDR COM 81369Y803   294,099 1,300 SH   DFND   0 1,300 0
The Trade Desk Inc. COM 88339J105   248,277 2,542 SH   DFND   700 1,842 0
Thermo Fisher Scientific Inc. COM 883556102   771,988 1,396 SH   DFND   0 1,396 0
Total Energies SE COM 89151E109   684,404 10,264 SH   DFND   10,200 64 0
Tractor Supply Co. COM 892356106   766,800 2,840 SH   DFND   2,700 140 0
Tronox Holdings PLC COM G9087Q102   18,102,716 1,153,774 SH   DFND   365,510 788,264 0
UnitedHealth Group COM 91324P102   238,227 468 SH   DFND   0 468 0
Utilities Select Sector SPDR COM 81369Y886   2,931,791 43,026 SH   DFND   13,000 30,026 0
Vanguard Dividend Appreciation Indx ETF COM 921908844   4,026,416 22,057 SH   DFND   5,400 16,657 0
Vanguard FTSE All World Ex US ETF COM 922042775   620,591 10,583 SH   DFND   0 10,583 0
Vanguard Growth Indx Fd ETF COM 922908736   258,067 690 SH   DFND   0 690 0
Vanguard High Dividend Yield Index Fd ETF COM 921946406   390,809 3,295 SH   DFND   0 3,295 0
Vanguard Index Fund ETF COM 922908769   324,757 1,214 SH   DFND   0 1,214 0
Vanguard Intermediate Term Corp. Bond ETF COM 92206C870   509,056 6,369 SH   DFND   0 6,369 0
Vanguard S&P 500 Indx Fd ETF COM 922908363   472,465 945 SH   DFND   0 945 0
Visa Inc. COM 92826C839   622,609 2,372 SH   DFND   0 2,372 0
Visteon Corp. COM 92839U206   13,608,659 127,541 SH   DFND   39,359 88,182 0
Walgreens Boots Alliance, Inc. COM 931427108   1,028,075 85,000 SH Call DFND   85,000 0 0
Walmart, Inc. COM 931142103   433,317 6,400 SH   DFND   0 6,400 0
Waste Management COM 94106L109   450,275 2,111 SH   DFND   0 2,111 0
WisdomTree CBOE S&P 500 PutWrite Strategy COM 97717X560   1,625,223 48,718 SH   DFND   0 48,718 0
WisdomTree US Mid-Cap Div Fund COM 97717W505   3,833,861 81,973 SH   DFND   0 81,973 0
Zebra Technologies COM 989207105   532,904 1,725 SH   DFND   0 1,725 0