SEC 1745  POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION
(02-02)   CONTAINED IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM
          DISPLAYS A CURRENTLY VALID OMB CONTROL NUMBER.


                                  UNITED STATES               OMB APPROVAL
                       SECURITIES AND EXCHANGE COMMISSION     OMB Number:
                                                              3235-0145
                             WASHINGTON, D.C. 20549           Expires: December
                                                              31, 2005
                                  SCHEDULE 13G                Estimated average
                                 (RULE 13D-102)               burden hours per
                                                              response. . 11


             INFORMATION STATEMENT PURSUANT TO RULES 13D-1 AND 13D-2
                    UNDER THE SECURITIES EXCHANGE ACT OF 1934



                             ADVANCED PHOTONIX, INC.
                                (Name of Issuer)

                     COMMON STOCK, PAR VALUE $.001 PER SHARE
                         (Title of Class of Securities)

                                    00754E107
                                 (CUSIP Number)

                                  JULY 21, 2006
             (Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

  [ ]   Rule 13d-1(b)
  [X]   Rule 13d-1(c)
  [ ]   Rule 13d-1(d)



*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).




                               CUSIP NO. 00754E107

     1.     NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE
            PERSONS (ENTITIES ONLY)

              Potomac Capital Management LLC
              13-3984298

     2.     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
            (a)   [ ]
            (b)   [ ]

     3.     SEC USE ONLY

     4.     CITIZENSHIP OR PLACE OF ORGANIZATION

              New York

NUMBER OF         5.   SOLE VOTING POWER
SHARES                 0
BENEFICIALLY
OWNED BY          6.   SHARED VOTING POWER
EACH                   970,100
REPORTING
PERSON WITH       7.   SOLE DISPOSITIVE POWER
                       0

                  8.   SHARED DISPOSITIVE POWER
                       970,100


     9.     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
            970,100


     10.    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
            (SEE INSTRUCTIONS)  [ ]

     11.    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

            5.1%

     12.    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

            HC; OO (Limited Liability Company)



                                        2



                               CUSIP NO. 00754E107

     1.     NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE
            PERSONS (ENTITIES ONLY)

              Potomac Capital Management Inc.
              13-3984786

     2.     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
            (a)   [ ]
            (b)   [ ]

     3.     SEC USE ONLY

     4.     CITIZENSHIP OR PLACE OF ORGANIZATION

              New York

NUMBER OF          5.   SOLE VOTING POWER
SHARES                  0
BENEFICIALLY
OWNED BY           6.   SHARED VOTING POWER
EACH                    970,100
REPORTING
PERSON WITH        7.   SOLE DISPOSITIVE POWER
                        0

                   8.   SHARED DISPOSITIVE POWER
                        970,100


     9.     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
            970,100

     10.    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
            (SEE INSTRUCTIONS)  [ ]

     11.    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
            5.1%

     12.    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
            HC; CO



                                        3



                               CUSIP NO. 00754E107

     1.     NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE
            PERSONS (ENTITIES ONLY)

              Paul J. Solit

     2.     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
            (a)   [ ]
            (b)   [ ]

     3.     SEC USE ONLY

     4.     CITIZENSHIP OR PLACE OF ORGANIZATION

              U.S.


NUMBER OF          5.   SOLE VOTING POWER
SHARES                  0
BENEFICIALLY
OWNED BY           6.   SHARED VOTING POWER
EACH                    970,100
REPORTING
PERSON WITH        7.   SOLE DISPOSITIVE POWER
                        0

                   8.   SHARED DISPOSITIVE POWER
                        970,100

     9.     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
            970,100

     10.    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
            (SEE INSTRUCTIONS)  [ ]

     11.    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

            5.1%

     12.    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

            IN; HC



                                        4



ITEM 1.
           (a)  NAME OF ISSUER

                ADVANCED PHOTONIX, INC.

           (b)  ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES

                2925 Boardwalk,
                Ann Arbor, Michigan 48104

ITEM 2.
           (a)  NAME OF PERSON FILING

                This statement is being filed by (i) Potomac Capital
                Management LLC; (ii) Potomac Capital Management Inc.; and
                (iii) Paul J. Solit

           (b)  ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE

                (i), (ii), and (iii)

                825 Third Avenue, 33rd Floor
                New York, New York 10022

           (c)  CITIZENSHIP

                (i) New York
                (ii) New York
                (iii) U.S.

           (d)   TITLE OF CLASS OF SECURITIES

                Common Stock, par value $.001 per share

           (e)  CUSIP NUMBER
                00754E107

ITEM 3.    Not Applicable


ITEM 4.    OWNERSHIP
PROVIDE THE FOLLOWING INFORMATION REGARDING THE AGGREGATE NUMBER AND PERCENTAGE
OF THE CLASS OF SECURITIES OF THE ISSUER IDENTIFIED IN ITEM 1.

           Potomac Capital Management LLC
           Potomac Capital Management Inc.
           Paul J. Solit

           (a) AMOUNT BENEFICIALLY OWNED: 970,100
           (b) PERCENT OF CLASS: 5.1%
           (c) NUMBER OF SHARES AS TO WHICH THE PERSON HAS:
              (i)  SOLE POWER TO VOTE OR TO DIRECT THE VOTE 0
              (ii) SHARED POWER TO VOTE OR TO DIRECT THE VOTE 970,100
              (iii)SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF 0
              (iv) SHARED POWER TO DISPOSE OR TO DIRECT THE
                   DISPOSITION OF 970,100


                                        5



ITEM 5.    OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS

If this Statement is being filed to report the fact that as of the date hereof
the Reporting Persons have ceased to be the beneficial owner of more than five
percent of the class of securities, check the following [ ]


ITEM 6.    OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON

           Not Applicable.

ITEM 7.    IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
           THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR
           CONTROL PERSON

           See Exhibit A attached hereto.

ITEM 8.    IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP

           Not Applicable.

ITEM 9.    NOTICE OF DISSOLUTION OF GROUP

           Not Applicable.

ITEM 10.   CERTIFICATION

By signing below I certify that, to the best of my knowledge and belief, the
securities referred to above were not acquired and are not held for the purpose
of or with the effect of changing or influencing the control of the issuer of
the securities and were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.




                                        6



                                    SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.


Dated this 4th day of August, 2006




                                          POTOMAC CAPITAL MANAGEMENT LLC

                                          By: /s/ Paul J. Solit
                                              -----------------------
                                              Paul J. Solit, Managing Member

                                          POTOMAC CAPITAL MANAGEMENT INC.

                                          By: /s/ Paul J. Solit
                                              -----------------------
                                              Paul J. Solit, President


                                          PAUL J. SOLIT

                                          By: /s/ Paul J. Solit
                                              -----------------------
                                              Paul J. Solit






EXHIBIT INDEX

The following exhibits are filed with this report on Schedule 13G:

Exhibit A   Identification of entities which acquired the shares which are the
            subject of this report on Schedule 13G.

Exhibit B   Joint Filing Agreement dated August 4, 2006 among Potomac Capital
            Management LLC, Potomac Capital Management, Inc. and Paul J. Solit