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
Apple, Inc. COM 037833100   1,595,058 9,673 SH   DFND   1,900 7,773 0
Accenture PLC COM G1151C101   342,972 1,200 SH   DFND   1,200 0 0
Automatic Data Processing Inc. COM 053015103   545,444 2,450 SH   DFND   2,000 450 0
American Electric Power COM 025537101   414,005 4,550 SH   DFND   4,200 350 0
iShares Core US Aggregate Bond ETF COM 464287226   983,279 9,868 SH   DFND   0 9,868 0
Allstate Corporation COM 020002101   265,944 2,400 SH   DFND   2,400 0 0
JP Morgan Chase Alerian MLP Index ETN COM 46625H365   218,333 9,839 SH   DFND   0 9,839 0
Amazon.com COM 023135106   444,147 4,300 SH   DFND   0 4,300 0
Amerigo Resources Ltd. COM 03074G109   168,564 141,650 SH   DFND   141,650 0 0
AerSale Corp. COM 00810F106   23,086,751 1,340,694 SH   DFND   685,438 655,256 0
Asure Software Inc. COM 04649U102   47,697,025 3,289,450 SH   DFND   904,830 2,384,620 0
Air Transport Services Group, Inc. COM 00922R105   20,119,801 965,905 SH   DFND   324,484 641,421 0
Activision Blizzard Inc. COM 00507V109   1,123,454 13,126 SH   DFND   13,000 126 0
Bank of America Corp. COM 060505104   672,539 23,515 SH   DFND   17,000 6,515 0
Barrett Business Services COM 068463108   28,729,420 324,113 SH   DFND   116,430 207,683 0
Berkshire Hathaway Inc. Cl B COM 084670702   227,255 736 SH   DFND   0 736 0
First Busey Corp. COM 319383204   15,129,174 743,814 SH   DFND   256,086 487,728 0
CF Industries Holdings Inc. COM 125269100   437,187 6,031 SH   DFND   5,800 231 0
Charles River Associates COM 12618T105   8,292,760 76,913 SH   DFND   20,711 56,202 0
CapStar Financial Holdings, Inc. COM 14070T102   9,549,033 630,299 SH   DFND   195,893 434,406 0
Quest Diagnostics, Inc. COM 74834L100   495,180 3,500 SH   DFND   3,500 0 0
Dow Jones Indl Average SPDR ETF COM 78467X109   498,930 1,500 SH   DFND   200 1,300 0
WisdomTree US Mid-Cap Div Fund COM 97717W505   2,413,489 58,894 SH   DFND   0 58,894 0
Duke Energy Corp. COM 26441C204   541,620 5,614 SH   DFND   4,000 1,614 0
Eastern Bankshares, Inc. COM 27627N105   972,636 77,071 SH   DFND   381 76,690 0
ECN Capital Corporation COM 26829L107   32,822,454 15,780,026 SH   DFND   5,737,100 10,042,926 0
Consolidated Edison Inc. COM 209115104   224,020 2,342 SH   DFND   0 2,342 0
Everi Holdings, Inc. COM 30034T103   18,659,114 1,087,995 SH   DFND   340,455 747,540 0
Direxion Financial Bull 3X Shs COM 25459Y694   536,331 9,300 SH   DFND   9,300 0 0
FirstEnergy Corp. COM 337932107   420,630 10,500 SH   DFND   10,500 0 0
First Northwest Bancorp COM 335834107   9,875,107 858,705 SH   DFND   250,590 608,115 0
Fiesta Restaurant Group, Inc. COM 31660B101   12,943,196 1,574,598 SH   DFND   502,904 1,071,694 0
Alphabet Inc. COM 02079K305   1,301,812 12,550 SH   DFND   5,000 7,550 0
Home Depot Inc. COM 437076102   222,587 754 SH   DFND   0 754 0
Harrow Health Inc. COM 415858109   24,666,656 1,165,721 SH   DFND   537,385 628,336 0
iShares Core MSCI Emerging Markets COM 46434G103   329,275 6,749 SH   DFND   0 6,749 0
International Flavors & Fragrances Inc. COM 459506101   2,069,100 22,500 SH   DFND   22,500 0 0
Information Services Group COM 45675Y104   23,759,220 4,667,823 SH   DFND   1,409,748 3,258,075 0
iShares Core S&P Mid Cap ETF COM 464287507   1,732,976 6,927 SH   DFND   0 6,927 0
Imax Corporation COM 45245E109   21,387,580 1,115,098 SH   DFND   299,380 815,718 0
iShares Core S&P 500 COM 464287200   1,545,274 3,759 SH   DFND   0 3,759 0
iShares Russell 2000 Index ETF COM 464287655   213,545 1,197 SH   DFND   800 397 0
Russell 3000 Index I Shares COM 464287689   205,278 872 SH   DFND   0 872 0
Jefferies Financial Group Inc. COM 47233W109   29,808,928 939,160 SH   DFND   332,560 606,600 0
Johnson & Johnson COM 478160104   731,416 4,719 SH   DFND   3,100 1,619 0
JP Morgan Chase & Co. COM 46625H100   1,451,277 11,137 SH   DFND   0 11,137 0
Keurig Dr Pepper Inc COM 49271V100   458,640 13,000 SH   DFND   13,000 0 0
KKR & Co. Inc. Cl A COM 48251W104   36,375,349 692,600 SH   DFND   197,780 494,820 0
Kroger Co. COM 501044101   345,590 7,000 SH   DFND   7,000 0 0
Lakeland Industries Inc. COM 511795106   17,210,437 1,178,797 SH   DFND   397,213 781,584 0
Lantheus Holdings Inc. COM 516544103   38,967,164 471,986 SH   DFND   166,743 305,243 0
Mastercard Incorporated COM 57636Q104   527,527 1,452 SH   DFND   0 1,452 0
Medtronic PLC COM G5960L103   403,100 5,000 SH   DFND   5,000 0 0
Meta Platforms, Inc. COM 30303M102   333,382 1,573 SH   DFND   0 1,573 0
McCormick & Company Inc. COM 579780206   1,622,595 19,500 SH   DFND   19,500 0 0
3M Company COM 88579Y101   2,036,976 19,379 SH   DFND   17,500 1,879 0
Mosaic Company COM 61945C103   412,920 9,000 SH   DFND   9,000 0 0
Motorcar Parts of America, Inc. COM 620071100   13,014,866 1,749,310 SH   DFND   546,070 1,203,240 0
Microsoft Corporation COM 594918104   1,386,092 4,808 SH   DFND   900 3,908 0
NextEra Energy Inc. COM 65339F101   624,778 8,106 SH   DFND   0 8,106 0
Newmont Corporation COM 651639106   1,250,010 25,500 SH   DFND   25,500 0 0
National Fuel Gas Co. COM 636180101   202,090 3,500 SH   DFND   3,500 0 0
ProShares S&P 500 Dividend Aristocrats COM 74348A467   3,400,389 37,269 SH   DFND   7,000 30,269 0
Nvidia Corporation COM 67066G104   202,322 728 SH   DFND   0 728 0
Paramount Global COM 92556H206   446,200 20,000 SH   DFND   20,000 0 0
Petroleo Brasileiro S.A. COM 71654V408   104,300 10,000 SH   DFND   10,000 0 0
Pepsico, Inc. COM 713448108   664,621 3,646 SH   DFND   2,000 1,646 0
Perion Network Ltd. COM M78673114   59,849,274 1,512,109 SH   DFND   483,927 1,028,182 0
PetIQ, Inc. COM 71639T106   297,440 26,000 SH   DFND   26,000 0 0
Pilgrims Pride Corp. COM 72147K108   509,960 22,000 SH   DFND   22,000 0 0
Phillips 66 COM 718546104   617,270 6,089 SH   DFND   5,400 689 0
WisdomTree CBOE S&P 500 PutWrite Strategy COM 97717X560   539,516 17,381 SH   DFND   0 17,381 0
PVH Corporation COM 693656100   214,094 2,401 SH   DFND   0 2,401 0
PowerFleet, Inc. COM 73931J109   14,917,080 4,349,003 SH   DFND   2,258,294 2,090,709 0
Paypal Holdings Inc. COM 70450Y103   1,063,160 14,000 SH   DFND   14,000 0 0
Qualcomm, Inc. COM 747525103   543,485 4,260 SH   DFND   4,000 260 0
QuinStreet, Inc. COM 74874Q100   60,636,588 3,820,831 SH   DFND   1,238,110 2,582,721 0
Invesco QQQ Trust Series 1 COM 46090E103   545,137 1,699 SH   DFND   0 1,699 0
RealReal Inc. COM 88339P101   30,240 24,000 SH   DFND   0 24,000 0
Raymond James Financial, Inc. COM 754730109   6,691,656 71,745 SH   DFND   0 71,745 0
Schwab International Equity ETF COM 808524805   878,966 25,258 SH   DFND   0 25,258 0
Shell PLC Spon ADS COM 780259305   345,240 6,000 SH   DFND   6,000 0 0
iShares Silver Trust COM 46428Q109   630,420 28,500 SH   DFND   28,500 0 0
SmartFinancial Inc. COM 83190L208   14,202,283 613,755 SH   DFND   186,890 426,865 0
StoneX Group Inc. COM 861896108   37,735,443 364,488 SH   DFND   117,686 246,802 0
Synovus Financial Corp. COM 87161C501   12,294,037 398,769 SH   DFND   136,075 262,694 0
Southern Co. COM 842587107   521,850 7,500 SH   DFND   7,500 0 0
SpartanNash Co. COM 847215100   372,000 15,000 SH   DFND   15,000 0 0
Standard & Poor's Depositary Receipts COM 78462F103   2,735,135 6,681 SH   DFND   6,500 181 0
Stoneridge, Inc. COM 86183P102   9,652,734 516,189 SH   DFND   156,768 359,421 0
Community Financial Corporation COM 20368X101   3,368,493 101,675 SH   DFND   13,904 87,771 0
Truist Financial Corp. COM 89832Q109   300,080 8,800 SH   DFND   8,800 0 0
Target Hospitality Corp. COM 87615L107   70,892,468 5,395,165 SH   DFND   1,597,104 3,798,061 0
Tronox Holdings PLC COM G9087Q102   19,169,936 1,333,097 SH   DFND   411,005 922,092 0
Tractor Supply Co. COM 892356106   258,544 1,100 SH   DFND   1,100 0 0
UnitedHealth Group COM 91324P102   242,956 514 SH   DFND   0 514 0
Visa Inc. COM 92826C839   415,156 1,841 SH   DFND   0 1,841 0
Visteon Corp. COM 92839U206   19,985,055 127,431 SH   DFND   38,094 89,337 0
Vanguard Intermediate Term Corp. Bond ETF COM 92206C870   484,508 6,040 SH   DFND   0 6,040 0
Vanguard FTSE All World Ex US ETF COM 922042775   624,060 11,671 SH   DFND   0 11,671 0
Vanguard Dividend Appreciation Indx ETF COM 921908844   2,748,907 17,849 SH   DFND   6,400 11,449 0
Verint Systems Inc. COM 92343X100   13,948,168 374,548 SH   DFND   102,450 272,098 0
Vanguard Index Fund ETF COM 922908769   310,640 1,522 SH   DFND   0 1,522 0
Vitesse Energy Inc COM 92852X103   2,578,318 135,487 SH   DFND   84,291 51,196 0
Waste Management COM 94106L109   371,799 2,279 SH   DFND   0 2,279 0
Walmart, Inc. COM 931142103   273,889 1,858 SH   DFND   0 1,858 0
Western Union Company COM 959802109   421,470 37,800 SH   DFND   37,800 0 0
Select Sector Spdr Tr Communication COM 81369Y852   216,402 3,733 SH   DFND   0 3,733 0
Energy Select Sector SPDR COM 81369Y506   542,422 6,549 SH   DFND   0 6,549 0
Financials Select Sector SPDR COM 81369Y605   1,413,647 43,970 SH   DFND   30,000 13,970 0
Utilities Select Sector SPDR COM 81369Y886   3,384,300 49,997 SH   DFND   36,000 13,997 0
Healthcare Select Sector SPDR COM 81369Y209   593,123 4,582 SH   DFND   0 4,582 0
Zions Bancorporation COM 989701107   299,300 10,000 SH   DFND   10,000 0 0
Utilities Select Sector SPDR Fund COM 81369Y886   2,538,375 37,500 SH Call DFND   37,500 0 0
Pilgrim's Pride Corporation COM 72147K108   1,854,400 80,000 SH Call DFND   80,000 0 0
Southern Company COM 842587107   2,087,400 30,000 SH Call DFND   30,000 0 0
SPDR Dow Jones Industrial Average ETF Trust COM 78467X109   66,524 200 SH Put DFND   200 0 0
International Flavors & Fragrances Inc. COM 459506101   1,747,240 19,000 SH Put DFND   19,000 0 0
iShares Russell 2000 ETF COM 464287655   35,680 200 SH Put DFND   200 0 0
McCormick & Company, Incorporated COM 579780206   1,164,940 14,000 SH Put DFND   14,000 0 0
3M Company COM 88579Y101   1,313,875 12,500 SH Put DFND   12,500 0 0
Motorcar Parts of America, Inc. COM 620071100   148,800 20,000 SH Put DFND   20,000 0 0
Newmont Corporation COM 651639106   735,300 15,000 SH Put DFND   15,000 0 0
PayPal Holdings, Inc. COM 70450Y103   759,400 10,000 SH Put DFND   10,000 0 0
Southern Company COM 842587107   2,087,400 30,000 SH Put DFND   30,000 0 0
Financial Select Sector SPDR Fund COM 81369Y605   964,500 30,000 SH Put DFND   30,000 0 0
Utilities Select Sector SPDR Fund COM 81369Y886   4,975,215 73,500 SH Put DFND   73,500 0 0
Zions Bancorporation, N.A. COM 989701107   972,725 32,500 SH Put DFND   32,500 0 0