Company: PFSA
Filing Date: 2025-08-11
Form Type: S-1
Source: 0001213900-25-073872
Chunk: 280

Company: Profusa, Inc.
Filing Date: 2025-08-11
Form: S-1
Chunk 280
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 ) |     |               |   (2,716 | ) |
| Balance at March 31, 2025        |     |       4,350,314 |     | $      | 5,231 |     |       5,293,175 |     | $      | 13,701 |     |       8,220,445 |     | $      | 46,217 |     |    5,604,651 |     | $      | — |     | $          | 5,758 |     | $           | (127,674 | ) |     | $             | (121,916 | ) |

The accompanying notes are an integral part of these condensed consolidated financial statements.

F-32

PROFUSA, INC. AND SUBSIDIARY
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(UNAUDITED)
(IN THOUSANDS)

| Cash flows from operating activities                                        |     | Three Months Ended 
 March 31,          
 2025               |        |   |     | 2024 |        |   |
|:----------------------------------------------------------------------------|:----|:-------------------|-------:|:--|:----|:-----|-------:|:--|
| Net loss                                                                    |     | $                  | (2,716 | ) |     | $    | (2,385 | ) |
| Adjustments to reconcile net loss to net cash used in operating activities: |     |                    |        |   |     |      |        |   |
| Non-cash interest expense                                                   |     |                    |  1,230 |   |     |      |  1,081 |   |
| Gain on change in fair value of related party convertible debt              |     |                    |     61 |   |     |      |     (4 | ) |
| Loss on disposition of property and equipment, net                          |     |                    |      — |   |     |      |      2 |   |
| Stock-based compensation expenses                                           |     |                    |      5 |   |     |      |      5 |   |
| Changes in assets and liabilities:                                          |     |                    |        |   |     |      |        |   |
| Other receivables                                                           |     |                    |      — |   |     |      |     20 |   |
| Prepaid expenses and other current assets                                   |     |                    |    (