Company: PFSA
Filing Date: 2025-08-22
Form Type: S-1/A
Source: 0001213900-25-079829
Chunk: 286

Company: Profusa, Inc.
Filing Date: 2025-08-22
Form: S-1/A
Chunk 286
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 income (expenses)                                                                                                               |     |              |        |   |     |   |         |   |
| Loss on change in the fair value of related party Tasly convertible debt                                                              |     |              |   (311 | ) |     |   |     (22 | ) |
| Interest expense (including related parties amounts of $2,400 and $2,530 for the year ended December 31, 2024 and 2023, respectively) |     |              | (4,424 | ) |     |   |  (4,283 | ) |
| Other income                                                                                                                          |     |              |      5 |   |     |   |      94 |   |
| Total other expense, net                                                                                                              |     |              | (4,730 | ) |     |   |  (4,211 | ) |
| Net loss and comprehensive loss                                                                                                       |     | $            | (9,230 | ) |     | $ | (10,281 | ) |

____________

(1)Other expenses includes small balances of research materials and supplies along with insurance costs.

The Company has no significant long-lived assets recognized on the Consolidated Balance Sheets.

Note 15 — Subsequent Events The Company has evaluated its subsequent events from December 31, 2024, through the date these consolidated financial statements were issued and has determined that there are no subsequent events requiring disclosure in these consolidated financial statements other than the items noted below. On various dates in February and March 2025, the Company received an aggregate amount of $ 0.8million from the issuance of Senior Secured Convertible Notes which are expected to be converted in 2025 upon the closing of the Company’s Qualified Financing transaction. These subsequent notes issued in 2025 are on similar terms as all other Senior Secured Convertible Notes in issued in 2024.

F-29

PROFUSA, INC. AND SUBSIDIARY
CONDENSED CONSOLIDATED BALANCE SHEETS
(IN THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS)

|                                                                                                                                                                                                                                                                                           |     |   |    June 30, 
        2025 
 (UNAUDITED) |   |     |   | December 31 
        2024 |   |
|:------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:--|------------:|:--|:----|:--|------------:|:--|
| Assets                                                                                                                                                                                                                                                                                    |     |   |