Company: PFSA
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076861
Chunk: 0

Company: Profusa, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 0
---
Item 1. Financial Statements.

PROFUSA, INC. (F/K/A NORTHVIEW ACQUISITION
CORPORATION)

CONDENSED CONSOLIDATED BALANCE SHEETS

    June 30, 2025 (Unaudited)  
    December 31, 2024 
  
    Assets 

    Current Assets: 

    Cash 
    $—  
    $16,204 
  
    Restricted cash 
     1,751  
     — 
  
    Cash held in Trust Account 
     661,012  
     — 
  
    Prepaid expenses and other current assets 
     —  
     14,166 
  
    Prepaid income taxes 
     9,504  
     30,492 
  
    Prepaid franchise tax 
     15,600  
     — 
  
    Total Current Assets 
     687,867  
     60,862 

    Cash held in Trust Account 
     1,274,549  
     8,330,835 
  
    Total Assets 
    $1,962,416  
    $8,391,697 

    Liabilities, Redeemable Common Stock and Stockholders’ Deficit 

    Current Liabilities: 

    Accounts payable and accrued expenses 
    $1,744,538  
    $684,483 
  
    Advance from Profusa 
     1,299,040  
     791,407 
  
    Excise tax payable 
     1,952,662  
     1,880,944 
  
    Convertible promissory note – related party 
     10,288,111  
     8,908,052 
  
    Securities purchase agreement 
     193,878  
     — 
  
    Due to redeeming stockholders 
     661,012  
     — 
  
    Due to related party 
     41,180  
     50,000 
  
    Total Current Liabilities 
     16,180,421  
     12,314,886 

    Warrant liabilities 
     6,961,700  
     696,170 
  
    Total Liabilities 
     23,142,121  
     13,011,056 

    Commitments and Contingencies (Note 6) 

    Common