# EDGAR Filing Document

**Accession Number:** 0001105907
**File Stem:** 0001105907-23-000016
**Filing Date:** 2023-2
**Character Count:** 26675
**Document Hash:** c7c544d395ab94c4d13ec6741439b3bb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001105907-23-000016.hdr.sgml**: 20230210

**ACCESSION NUMBER**: 0001105907-23-000016

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230210

**DATE AS OF CHANGE**: 20230210

**EFFECTIVENESS DATE**: 20230210

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BARD ASSOCIATES INC
- **CENTRAL INDEX KEY:** 0001105907
- **IRS NUMBER:** 363452497
- **STATE OF INCORPORATION:** IL
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-11597
- **FILM NUMBER:** 23609224

**BUSINESS ADDRESS:**
- **STREET 1:** 135 S. LASALLE ST.
- **STREET 2:** SUITE 3700
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60603
- **BUSINESS PHONE:** 3127829600

**MAIL ADDRESS:**
- **STREET 1:** 135 S. LASALLE STREET
- **STREET 2:** SUITE 3700
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60603

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** BARD ASSOCIATES INC<br>**Address:** 135 S. LASALLE STREET<br>SUITE 3700<br>CHICAGO, IL 60603

**Form 13F File Number:** 028-11597

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Kevin Berner<br>**Title:** Vice President<br>**Phone:** 7089122082

**Signature, Place, and Date of Signing:**

Kevin Berner  Chicago, IL  02-10-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 194

**Form 13F Information Table Value Total:** $232276046

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ACME UTD CORP | COM | 004816104 |  | 2789031 | 127353 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 127353 |
| AIRGAIN INC | COM | 00938A104 |  | 1086578 | 166909 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 166909 |
| AMERIS BANCORP | COM | 03076K108 |  | 612535 | 12953 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 12953 |
| AMPLITECH GROUP INC | *W EXP 02/26/202 | 03211Q119 |  | 20700 | 90000 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 90000 |
| AMPLITECH GROUP INC | COM NEW | 03211Q200 |  | 646182 | 304803 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 304803 |
| ARCHROCK INC | COM | 03957W106 |  | 2188947 | 243758 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 243758 |
| ARES CAPITAL CORP | COM | 04010L103 |  | 418992 | 22685 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 22685 |
| ARES COML REAL ESTATE CORP | COM | 04013V108 |  | 1344882 | 126425 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 126425 |
| ARROWMARK FINANCIAL CORP | COM | 861780104 |  | 756962 | 43211 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 43211 |
| ASURE SOFTWARE INC | COM | 04649U102 |  | 1454472 | 155725 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 155725 |
| ATLAS CORP | SHARES | Y0436Q109 |  | 203317 | 13254 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 13254 |
| ATOMERA INC | COM | 04965B100 |  | 1075438 | 172900 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 172900 |
| AVINO SILVER  GOLD MINES LT | COM | 053906103 |  | 589103 | 866200 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 866200 |
| BALCHEM CORP | COM | 057665200 |  | 553918 | 4510 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 4510 |
| BARINGS BDC INC | COM | 06759L103 |  | 580867 | 71272 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 71272 |
| BEAM GLOBAL | COM | 07373B109 |  | 1126029 | 64455 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 64455 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 1138297 | 3685 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 3685 |
| BIOCERES CROP SOLUTIONS CORP | SHS | G1117K114 |  | 248239 | 20635 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 20635 |
| BIOFRONTERA INC | *W EXP 10/27/202 | 09077D118 |  | 40421 | 201000 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 201000 |
| BIOFRONTERA INC | COM | 09077D100 |  | 181670 | 198200 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 198200 |
| BK TECHNOLOGIES CORPORATION | COM | 05587G104 |  | 1959723 | 590278 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 590278 |
| BLUEROCK HOMES TRUST INC | COM CL A | 09631H100 |  | 367896 | 17264 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 17264 |
| BOXLIGHT CORP | COM CL A | 103197109 |  | 223287 | 718428 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 718428 |
| BRAEMAR HOTELS  RESORTS INC | COM | 10482B101 |  | 1460982 | 351230 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 351230 |
| CALAMOS GLOBAL TOTAL RETURN | COM SH BEN INT | 128118106 |  | 122512 | 13750 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 13750 |
| CAPITAL SOUTHWEST CORP | COM | 140501107 |  | 323361 | 18910 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 18910 |
| CARETRUST REIT INC | COM | 14174T107 |  | 631445 | 33495 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 33495 |
| CARRIAGE SVCS INC | COM | 143905107 |  | 3210668 | 116582 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 116582 |
| CEA INDUSTRIES INC | *W EXP 02/11/202 | 86887P119 |  | 22394 | 248825 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 248825 |
| CEA INDUSTRIES INC | COM NEW | 86887P200 |  | 235963 | 280875 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 280875 |
| CEDAR FAIR L P | DEPOSITRY UNIT | 150185106 |  | 394826 | 9551 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 9551 |
| CELSIUS HLDGS INC | COM NEW | 15118V207 |  | 7189164 | 69100 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 69100 |
| CHICKEN SOUP FOR THE SOUL EN | CL A | 16842Q100 |  | 95642 | 18680 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 18680 |
| CITY OFFICE REIT INC | COM | 178587101 |  | 761650 | 90889 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 90889 |
| CLEARFIELD INC | COM | 18482P103 |  | 963240 | 10232 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 10232 |
| COHERENT CORP | COM | 19247G107 |  | 4263035 | 121454 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 121454 |
| CONCRETE PUMPING HLDGS INC | COM | 206704108 |  | 280654 | 47975 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 47975 |
| CONTAINER STORE GROUP INC | COM | 210751103 |  | 271642 | 63026 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 63026 |
| CREATIVE REALITIES INC | *W EXP 11/19/202 | 22530J119 |  | 885 | 88475 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 88475 |
| CREATIVE REALITIES INC | COM NEW | 22530J200 |  | 5800 | 10000 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 10000 |
| CREXENDO INC | COM | 226552107 |  | 1158764 | 609876 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 609876 |
| CROWN CRAFTS INC | COM | 228309100 |  | 934917 | 172488 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 172488 |
| CROWN ELECTROKINETICS CORP | COM NEW | 228339206 |  | 243973 | 1289500 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 1289500 |
| DATA I O CORP | COM | 237690102 |  | 89027 | 22425 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 22425 |
| DATA STORAGE CORP | *W EXP 05/18/202 | 23786R110 |  | 20640 | 172000 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 172000 |
| DATA STORAGE CORP | COM NEW | 23786R201 |  | 471297 | 318444 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 318444 |
| DOLPHIN ENTMT INC | COM NEW | 25686H209 |  | 658961 | 364067 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 364067 |
| DUOS TECHNOLOGIES GROUP INC | COM | 266042407 |  | 951506 | 475753 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 475753 |
| EAGLE POINT CREDIT COMPANY I | COM | 269808101 |  | 2739042 | 270656 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 270656 |
| EAGLE POINT INCOME COMPANY I | COM | 269817102 |  | 1883338 | 135785 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 135785 |
| EASTERLY GOVT PPTYS INC | COM | 27616P103 |  | 2588649 | 181405 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 181405 |
| EASTSIDE DISTILLING INC | COM | 277802302 |  | 16957 | 68736 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 68736 |
| EATON VANCE FLTING RATE INC | COM | 278279104 |  | 268736 | 24063 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 24063 |
| EDIBLE GARDEN AG INC | *W EXP 04/18/202 | 28059P113 |  | 2468 | 175000 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 175000 |
| ENSIGN GROUP INC | COM | 29358P101 |  | 9277547 | 98002 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 98002 |
| ENVIVA INC | COM | 29415B103 |  | 2846555 | 53739 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 53739 |
| EQUINOX GOLD CORP | COM | 29446Y502 |  | 1438296 | 438505 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 438505 |
| EVI INDS INC | COM | 26929N102 |  | 203611 | 8530 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 8530 |
| EVOLUTION PETE CORP | COM | 30049A107 |  | 1906096 | 252463 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 252463 |
| EYEPOINT PHARMACEUTICALS INC | COM NEW | 30233G209 |  | 107359 | 30674 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 30674 |
| FARMLAND PARTNERS INC | COM | 31154R109 |  | 2828505 | 225925 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 225925 |
| FLAHERTY  CRUMRINE PFD SECS | COM | 338478100 |  | 838116 | 55800 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 55800 |
| FRANCO NEV CORP | COM | 351858105 |  | 1652651 | 12109 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 12109 |
| FS KKR CAP CORP | COM | 302635206 |  | 3170445 | 174473 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 174473 |
| FTAI AVIATION LTD | SHS | G3730V105 |  | 305592 | 17850 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 17850 |
| FTAI INFRASTRUCTURE INC | COMMON STOCK | 35953C106 |  | 4514798 | 1530440 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 1530440 |
| FULL HSE RESORTS INC | COM | 359678109 |  | 153032 | 20350 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 20350 |
| GLADSTONE COMMERCIAL CORP | COM | 376536108 |  | 1141820 | 61720 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 61720 |
| GLADSTONE LD CORP | COM | 376549101 |  | 2953194 | 160937 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 160937 |
| GLOBAL MED REIT INC | COM NEW | 37954A204 |  | 170612 | 17627 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 17627 |
| GLOBAL SELF STORAGE INC | COM | 37955N106 |  | 3342961 | 685033 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 685033 |
| GLOBAL WTR RES INC | COM | 379463102 |  | 2351490 | 177070 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 177070 |
| GLOBAL X FDS | US INFR DEV ETF | 37954Y673 |  | 450673 | 16925 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 16925 |
| GREAT AJAX CORP | COM | 38983D300 |  | 1236980 | 170618 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 170618 |
| HANNON ARMSTRONG SUST INFR C | COM | 41068X100 |  | 527105 | 17969 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 17969 |
| HARBOR CUSTOM DEVELOPMENT IN | *W EXP 05/09/202 | 41150T116 |  | 19169 | 661000 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 661000 |
| HARBOR CUSTOM DEVELOPMENT IN | 8% CONV PFD SR A | 41150T207 |  | 1097082 | 165715 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 165715 |
| HARROW HEALTH INC | COM | 415858109 |  | 1590021 | 107725 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 107725 |
| HARVARD BIOSCIENCE INC | COM | 416906105 |  | 812433 | 293297 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 293297 |
| HENRY JACK  ASSOC INC | COM | 426281101 |  | 1035804 | 5900 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 5900 |
| HOUR LOOP INC | COM | 44170P106 |  | 670112 | 256748 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 256748 |
| IDEX CORP | COM | 45167R104 |  | 1621143 | 7100 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 7100 |
| IDW MEDIA HLDGS INC | CL B | 44951N106 |  | 361985 | 385090 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 385090 |
| INDEPENDENCE RLTY TR INC | COM | 45378A106 |  | 2391845 | 140726 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 140726 |
| INDUSTRIAL LOGISTICS PPTYS T | COM SHS BEN INT | 456237106 |  | 42945 | 13133 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 13133 |
| INFUSYSTEM HLDGS INC | COM | 45685K102 |  | 402839 | 46410 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 46410 |
| INTEST CORP | COM | 461147100 |  | 2631341 | 255470 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 255470 |
| INUVO INC | COM NEW | 46122W204 |  | 279201 | 1260502 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 1260502 |
| INVESCO EXCH TRADED FD TR II | S SMLCP UTIL | 46138G409 |  | 2797738 | 51935 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 51935 |
| INVESTMENT MANAGERS SER TR I | AXS SHRT DE SPAC | 46144X644 |  | 408773 | 10962 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 10962 |
| ISHARES SILVER TR | ISHARES | 46428Q109 |  | 856578 | 38900 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 38900 |
| ISHARES TR | RESIDENTIAL MULT | 464288562 |  | 207344 | 3034 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 3034 |
| ISHARES TR | TIPS BD ETF | 464287176 |  | 263971 | 2480 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 2480 |
| ISHARES TR | FLTG RATE NT ETF | 46429B655 |  | 418449 | 8314 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 8314 |
| ISSUER DIRECT CORP | COM NEW | 46520M204 |  | 2884132 | 115181 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 115181 |
| ITERIS INC NEW | COM | 46564T107 |  | 1119398 | 359935 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 359935 |
| J  J SNACK FOODS CORP | COM | 466032109 |  | 270738 | 1800 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 1800 |
| JAPAN SMALLER CAPITALIZATION | COM | 47109U104 |  | 170747 | 26350 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 26350 |
| JOINT CORP | COM | 47973J102 |  | 850180 | 60814 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 60814 |
| KAYNE ANDERSON ENERGY INFRST | COM | 486606106 |  | 170370 | 19903 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 19903 |
| KORU MEDICAL SYSTEMS INC | COM | 759910102 |  | 78847 | 22086 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 22086 |
| KRATOS DEFENSE  SEC SOLUTIO | COM NEW | 50077B207 |  | 1144467 | 110898 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 110898 |
| LEGACY HOUSING CORP | COM | 52472M101 |  | 3732447 | 196859 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 196859 |
| LGL GROUP INC | COM | 50186A108 |  | 1108072 | 273598 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 273598 |
| LOOP MEDIA INC | COM NEW | 54352F206 |  | 823098 | 124335 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 124335 |
| LXP INDUSTRIAL TRUST | COM | 529043101 |  | 376887 | 37150 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 37150 |
| MAMAMANCINI S HLDGS INC | COM | 56146T103 |  | 2389055 | 1330950 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 1330950 |
| MANHATTAN BRDG CAP INC | COM | 562803106 |  | 2102796 | 385622 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 385622 |
| MARTEN TRANS LTD | COM | 573075108 |  | 1539102 | 77811 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 77811 |
| MEDICAL PPTYS TRUST INC | COM | 58463J304 |  | 945141 | 82747 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 82747 |
| MILLER INDS INC TENN | COM NEW | 600551204 |  | 450287 | 16890 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 16890 |
| MOBILICOM LTD | *W EXP 08/31/202 | 60742B110 |  | 23628 | 214800 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 214800 |
| MOBILICOM LTD | SPON ADS | 60742B102 |  | 200132 | 206300 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 206300 |
| M-TRON INDS INC | COM | 55380K109 |  | 1019121 | 116471 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 116471 |
| NANO DIMENSION LTD | SPONSORD ADS NEW | 63008G203 |  | 334420 | 145400 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 145400 |
| NEOGENOMICS INC | COM NEW | 64049M209 |  | 447817 | 48465 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 48465 |
| NEPHROS INC | COM | 640671400 |  | 225410 | 194789 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 194789 |
| NETCAPITAL INC | *W EXP 07/12/202 | 64113L111 |  | 70455 | 236425 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 236425 |
| NETCAPITAL INC | COM | 64113L103 |  | 1881165 | 1254110 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 1254110 |
| NEW MTN FIN CORP | COM | 647551100 |  | 388084 | 31373 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 31373 |
| NEWMONT CORP | COM | 651639106 |  | 879246 | 18628 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 18628 |
| NEWTEK BUSINESS SVCS CORP | COM NEW | 652526203 |  | 2089639 | 128593 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 128593 |
| OFS CREDIT COMPANY INC | COM | 67111Q107 |  | 956024 | 109180 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 109180 |
| OAK TREE SPECIALTY LENDING | COM | 67401P108 |  | 102418 | 14908 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 14908 |
| OIL DRI CORP AMER | COM | 677864100 |  | 2174398 | 64830 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 64830 |
| ONDAS HLDGS INC | COM NEW | 68236H204 |  | 418804 | 263399 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 263399 |
| ONE STOP SYS INC | COM | 68247W109 |  | 3145850 | 1045133 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 1045133 |
| OSISKO GOLD ROYALTIES LTD | COM | 68827L101 |  | 2672478 | 220675 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 220675 |
| OWL ROCK CAPITAL CORPORATION | COM | 69121K104 |  | 865540 | 72875 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 72875 |
| OXFORD LANE CAP CORP | COM | 691543102 |  | 351067 | 69244 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 69244 |
| PACER FDS TR | INDUSTRIAL RELET | 69374H766 |  | 203007 | 5518 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 5518 |
| PEMBINA PIPELINE CORP | COM | 706327103 |  | 1339041 | 39442 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 39442 |
| PENNANT GROUP INC | COM | 70805E109 |  | 329400 | 30000 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 30000 |
| PIEDMONT LITHIUM INC | COM | 72016P105 |  | 338954 | 7700 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 7700 |
| PLYMOUTH INDL REIT INC | COM | 729640102 |  | 561509 | 28949 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 28949 |
| POLAR PWR INC | COM | 73102V105 |  | 309256 | 239733 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 239733 |
| POLISHED COM INC | *W EXP 06/02/202 | 28252C117 |  | 52348 | 654350 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 654350 |
| POLISHED COM INC | COM | 28252C109 |  | 1009748 | 1747875 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 1747875 |
| POSTAL REALTY TRUST INC | CL A | 73757R102 |  | 2421076 | 166626 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 166626 |
| POTLATCHDELTIC CORPORATION | COM | 737630103 |  | 3711578 | 84373 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 84373 |
| POWERFLEET INC | COM | 73931J109 |  | 953309 | 354390 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 354390 |
| PROSHARES TR | PSHS ULTRUSS2000 | 74347R842 |  | 634945 | 20390 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 20390 |
| PURE CYCLE CORP | COM NEW | 746228303 |  | 3865317 | 368828 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 368828 |
| PYXIS TANKERS INC | *W EXP 10/13/202 | Y71726122 |  | 107200 | 80000 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 80000 |
| PYXIS TANKERS INC | 7.75% CNV PFD A | Y71726114 |  | 251503 | 10425 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 10425 |
| QUAKER HOUGHTON | COM | 747316107 |  | 3075132 | 18425 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 18425 |
| RCM TECHNOLOGIES INC | COM NEW | 749360400 |  | 412156 | 33400 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 33400 |
| REEDS INC | COM | 758338107 |  | 64973 | 930850 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 930850 |
| RESEARCH SOLUTIONS INC | COM | 761025105 |  | 1217664 | 634200 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 634200 |
| RIMINI STR INC DEL | COM | 76674Q107 |  | 1064823 | 279481 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 279481 |
| ROYAL GOLD INC | COM | 780287108 |  | 2189361 | 19423 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 19423 |
| ROYCE MICRO-CAP TR INC | COM | 780915104 |  | 2074529 | 239001 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 239001 |
| SACHEM CAP CORP | COM | 78590A109 |  | 2219002 | 647235 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 647235 |
| SANDSTORM GOLD LTD | COM NEW | 80013R206 |  | 2858942 | 543525 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 543525 |
| SANGOMA TECHNOLOGIES CORP | COM NEW | 80100R408 |  | 344607 | 71053 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 71053 |
| SARATOGA INVT CORP | COM NEW | 80349A208 |  | 424046 | 16210 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 16210 |
| SIGMATRON | COM | 82661L101 |  | 54559 | 14208 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 14208 |
| SIGNATURE BK NEW YORK N Y | COM | 82669G104 |  | 259245 | 2250 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 2250 |
| SILVERCREST METALS INC | COM | 828363101 |  | 224550 | 37425 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 37425 |
| SILVERSUN TECHNOLOGIES INC | COM NEW | 82846H207 |  | 1209127 | 408489 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 408489 |
| SLR INVESTMENT CORP | COM | 83413U100 |  | 220070 | 15675 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 15675 |
| SMITH MIDLAND CORP | COM | 832156103 |  | 4571295 | 222990 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 222990 |
| SNOW LAKE RES LTD | COM | 83336J208 |  | 231249 | 101425 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 101425 |
| SONO TEK CORP | COM | 835483108 |  | 131610 | 20500 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 20500 |
| SOTHERLY HOTELS INC | COM | 83600C103 |  | 918866 | 507661 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 507661 |
| SP PLUS CORP | COM | 78469C103 |  | 1108436 | 31925 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 31925 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 288388 | 1700 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 1700 |
| STANDARD LITHIUM LTD | COM | 853606101 |  | 264025 | 89500 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 89500 |
| STERICYCLE INC | COM | 858912108 |  | 1355012 | 27160 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 27160 |
| TARGA RES CORP | COM | 87612G101 |  | 1919849 | 26120 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 26120 |
| TORTOISE PIPELINE  ENERGY F | COM | 89148H207 |  | 4210093 | 156742 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 156742 |
| TORTOISE PWR  ENERGY INFRAS | COM | 89147X104 |  | 3299419 | 258575 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 258575 |
| TRANSACT TECHNOLOGIES INC | COM | 892918103 |  | 910701 | 146415 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 146415 |
| TUCOWS INC | COM NEW | 898697206 |  | 316643 | 9335 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 9335 |
| TWIN VEE POWERCATS CO | COM | 90177C101 |  | 192952 | 105438 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 105438 |
| U S PHYSICAL THERAPY | COM | 90337L108 |  | 4302288 | 53095 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 53095 |
| UMH PPTYS INC | COM | 903002103 |  | 785278 | 48775 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 48775 |
| URBAN-GRO INC | COM NEW | 91704K202 |  | 930090 | 341945 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 341945 |
| USA COMPRESSION PARTNERS LP | COMUNIT LTDPAR | 90290N109 |  | 4799009 | 245725 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 245725 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 |  | 766827 | 26756 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 26756 |
| VANECK ETF TRUST | JUNIOR GOLD MINE | 92189F791 |  | 2771231 | 77734 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 77734 |
| VANGUARD MALVERN FDS | STRM INFPROIDX | 922020805 |  | 2661302 | 56975 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 56975 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 225570 | 3000 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 3000 |
| VANGUARD SCOTTSDALE FDS | MTG-BKD SECS ETF | 92206C771 |  | 2556176 | 56155 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 56155 |
| VIA RENEWABLES INC | CL A COM | 92556D106 |  | 624672 | 122245 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 122245 |
| VIEMED HEALTHCARE INC | COM | 92663R105 |  | 173827 | 22993 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 22993 |
| VIVOS THERAPEUTICS INC | COM | 92859E108 |  | 81085 | 201704 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 201704 |
| VOX ROYALTY CORP | COM | 92919F103 |  | 46800 | 20000 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 20000 |
| WELLTOWER INC | COM | 95040Q104 |  | 1044670 | 15937 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 15937 |
| WHEATON PRECIOUS METALS CORP | COM | 962879102 |  | 2515662 | 64372 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 64372 |
| WHERE FOOD COMES FROM INC | COM NEW | 96327X200 |  | 508718 | 36415 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 36415 |
| WHITEHORSE FIN INC | COM | 96524V106 |  | 439063 | 32755 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 32755 |
| WILLDAN GROUP INC | COM | 96924N100 |  | 2591820 | 145200 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 145200 |
| XAI OCTAGON FLOATING RATE | COM | 98400T106 |  | 1135148 | 179612 | SH |  | SOLE | Bard Associates Inc | 0 | 0 | 179612 |

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