旋翼物业 2024年度报告

☒For the fiscal year endedDecember 31, 2024OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 GYRODYNE, LLC (Exact name of registrant as specified in its charter) Registrant’s telephone number, including area code(631)584-5400 Securities registered pursuant to Section 12(b) of the Act: Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes☐No☒ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes☐No☒ Indicate by check mark whether the registrant (1) has filed all the reports required to be filed by Section 13 or Section 15(d) of the Securities ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject tosuch filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or anemerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growthcompany” in Rule 12b-2 of the Exchange Act.(Check One): Accelerated filer☐Smaller reporting company☒Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internalcontrol over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm thatprepared or issued its audit report.☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in thefiling reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensationreceived by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes☐No☒ The aggregate market value of common shares held by non-affiliates of the registrant onJune 30, 2024was$4,893,000. The aggregate market valuewas computed by reference to the closing price on such date of the common shares as reported on the Nasdaq Stock Market. Common shares held byeach executive officer and director and by each person who to the registrant’s knowledge owns 5% or more of the outstanding voting stock have beenexcluded in that such persons may be deemed to be affiliates. This determination of affiliate status is not necessarily a conclusive determination forother purposes. On March 28, 2025,2,199,308common shares of the Registrant were outstanding. DOCUMENTS INCORPORATED BY REFERENCE: None TABLE OF CONTENTS TO FORM 10-KFOR THE YEAR ENDED DECEMBER 31, 2024 PART I1.Business.41ARisk Factors.151B.Unresolved Staff Comments.281C.Cybersecurity282.Properties.283.Legal Proceedings.294.Mine Safety Disclosures.30PART II5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.306.Reserved.327.Management’s Discussion and Analysis of Financial Conditions and Results of Operations.327A.Quantitative and Qualitative Disclosures about Market Risk.398.Financial Statements and Supplementary Data.409.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.409A.Controls and Procedures.409B.Other Information.41PART III10.Directors, Executive Officers and Corporate Governance.4111.Executive Compensation.4412.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.4813.Certain Relationships and Related Transactions, and Director Independence.5014.Principal Accounting Fees and Services.50PART IV15.Exhibits and Financial Statement Schedules.5116.Form 10K Summary.53Signatures53Exhibit Index533 PART I Introduction: When we use the terms “Gyrodyne,” the “Company,” “we,” “us,” and “our,” we mean Gyrodyne, LLC and all entities owned or controlled by us,including non-consolidated entities. References herei