Company: PFSA
Filing Date: 2025-06-13
Form Type: 10-Q
Source: 0001213900-25-054386
Chunk: 102

Company: Profusa, Inc.
Filing Date: 2025-06-13
Form: 10-Q
Item: Part I, Item 8
Chunk 102
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 are not solely within the control of the Company. The public common stock was issued with other freestanding
instruments (i.e., Public Warrants) and as such, the initial carrying value of public common stock classified as temporary equity was
the allocated proceeds determined in accordance with ASC 470-20.

As of March 31, 2025 and December 31, 2024, the
amount of public common stock reflected on the condensed consolidated balance sheets is reconciled in the following table:

    Contingently redeemable common stock, December 31, 2023 
    $9,252,208 
  
    Less: 

    Partial redemption 
     (1,683,800)
  
    Plus: 

    Accretion of redeemable common stock 
     768,980 
  
    Contingently redeemable common stock, December 31, 2024 
    $8,337,388 
  
    Less: 

    Partial redemption 
     (6,510,830)
  
    Plus: 

    Accretion of redeemable common stock 
     155,999 
  
    Contingently redeemable common stock, March 31, 2025 
    $1,982,557 

14

Recently Issued Accounting Standards

Standards Adopted

In November 2023, the FASB issued ASU 2023-07, Segment
Reporting (Topic 280): Improvements to Reportable Segment Disclosures. The amendments in this ASU require disclosures,
on an annual and interim basis, of significant segment expenses that are regularly provided to the chief operating officer decision maker
(“CODM”), as well as the aggregate amount of other segment items included in the reported measure of segment profit or loss.
The ASU requires that a public entity disclose the title and position of the CODM and an explanation of how the CODM uses the
reported measure(s) of segment profit or loss in assessing segment performance and deciding how to allocate resources. Public entities
will be required to provide all annual disclosures currently required by Topic 280 in interim periods, and entities with a
single reportable segment are required to provide all the disclosures required by the amendments in this ASU and existing segment
disclosures in Topic 280. This ASU is effective for fiscal years beginning after December 15, 2023, and interim periods
within fiscal years beginning