Company: PFSA
Filing Date: 2025-06-13
Form Type: 10-Q
Source: 0001213900-25-054386
Chunk: 0

Company: Profusa, Inc.
Filing Date: 2025-06-13
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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Item 1. Financial Statements.

NORTHVIEW ACQUISITION CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

    March 31, 2025 (Unaudited)  
    December 31, 2024 
  
    Assets 

    Current Assets: 

    Cash 
    $—  
    $16,204 
  
    Restricted Cash 
     18,450  
     — 
  
    Prepaid expenses and other current assets 
     14,193  
     14,166 
  
    Prepaid income taxes 
     11,140  
     30,492 
  
    Prepaid franchise tax 
     19,400  
     — 
  
    Total Current Assets 
     63,183  
     60,862 

    Cash held in Trust Account 
     1,920,401  
     8,330,835 
  
    Total Assets 
    $1,983,584  
    $8,391,697 

    Liabilities, Redeemable Common Stock and Stockholders’ Deficit 

    Current Liabilities: 

    Accounts payable and accrued expenses 
    $933,870  
    $684,483 
  
    Advance from Profusa 
     1,176,565  
     791,407 
  
    Excise tax payable 
     1,946,052  
     1,880,944 
  
    Convertible promissory note – related party 
     9,133,382  
     8,908,052 
  
    Securities purchase agreement 
     23,487  
     — 
  
    Due to related party 
     41,180  
     50,000 
  
    Total Current Liabilities 
     13,254,536  
     12,314,886 

    Warrant liabilities 
     1,044,255  
     696,170 
  
    Total Liabilities 
     14,298,791  
     13,011,056 

    Commitments and Contingencies (Note 6) 

    Common stock subject to possible redemption, 154,561 and 687,519 shares at redemption value of approximately $12.83 and $12.13 at March 31, 2025 and December 31, 2024, respectively