Company: PFSA
Filing Date: 2025-10-09
Form Type: S-1
Source: 0001213900-25-097860
Chunk: 307

Company: Profusa, Inc.
Filing Date: 2025-10-09
Form: S-1
Chunk 307
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 of less than $ million as of June 30, 2025 and December 31, 2024, respectively. The total
past due amount of PPP Loan 2 repayments as of June 30, 2025 and December 31, 2024 was $ million and $ million,
respectively.

As of June 30, 2025, the
contractual future minimum payments for the PPP Loan 2 were as follows (in thousands):

| Year Ending December 31, 
 2025 (remainder)         |     | Amount | 1,245 |
|:-------------------------|:----|:-------|------:|
| 2026                     |     |        |   145 |
| Total                    |     | $      | 1,390 |

F-44 PROFUSA, INC. AND SUBSIDIARY
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED) Note 6 — Commitments and Contingencies Operating Lease Obligations Beginning in October 2024, the Company entered into a lease agreement whereby the Company agreed to rent its office and lab facilities under month-to-month tenancy. The monthly rent payable under the lease is $ 25thousand. This month-to-month lease automatically renews every four months, unless written termination is provided. Operating costs for short-term leases include variable lease costs of $ 0.1million and less than $ 0.1million during the three months ended June 30, 2025 and 2024, compared to $ 0.2million and $ 0.1million during the six months ended June 30, 2025 and 2024. Starting from August 2022 the Company recognized lease expense in the amount of monthly rent as incurred. The Company recognized operating lease costs for monthly rent of $ 75thousand and $ 150thousand for each of the three and six month periods ending June 30, 2025 and 2024. Total operating lease costs with common area maintenance variable costs were $ 0.3million and $ 0.2million for the six months ended June 30, 2025 and 2024. Contingencies and Indemnifications From time to time, the Company may have certain contingent liabilities that arise in the ordinary course of its business activities. The Company accrues a liability for such matters when it is probable that future expenditures will be made and that such expenditures can be