Company: PFSA
Filing Date: 2025-08-22
Form Type: S-1/A
Source: 0001213900-25-079829
Chunk: 248

Company: Profusa, Inc.
Filing Date: 2025-08-22
Form: S-1/A
Chunk 248
---
     |             | (9,230   | ) |     |               |   (9,230 | ) |
| Balance at December 31, 2024                            |     |       4,350,314 |     | $      | 5,231 |     |       5,293,175 |     | $      | 13,701 |     |       8,220,445 |     | $      | 46,217 |     |    5,604,651 |     | $      | — |     | $          | 5,753 |     | $           | (124,958 | ) |     | $             | (119,205 | ) |

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

F-5

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

|                                                                             |     | Year Ended   
 December 31, 
 2024         |        |   |     | 2023 |         |   |
|:----------------------------------------------------------------------------|:----|:-------------|-------:|:--|:----|:-----|--------:|:--|
| Cash flows from operating activities                                        |     |              |        |   |     |      |         |   |
| Net loss                                                                    |     | $            | (9,230 | ) |     | $    | (10,281 | ) |
| Adjustments to reconcile net loss to net cash used in operating activities: |     |              |        |   |     |      |         |   |
| Non-cash interest expense                                                   |     |              |  4,424 |   |     |      |   4,283 |   |
| Gain on change in fair value of related party convertible debt              |     |              |    311 |   |     |      |      22 |   |
| Loss on disposition of property and equipment, net                          |     |              |      2 |   |     |      |       — |   |
| Stock-based compensation expenses                                           |     |              |     21 |   |     |      |      33 |   |
| Changes in assets and liabilities:                                          |     |              |        |   |     |      |         |   |
| Other receivables                                                           |     |              |     45 |   |     |      |     (45