Company: PFSA
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001213900-25-112723
Chunk: 15

Company: Profusa, Inc.
Filing Date: 2025-11-19
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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 by instability or changes in a country’s or region’s economic conditions;
inflation; changes in laws or regulations or in the interpretation of existing laws or regulations, whether caused by a change in government
or otherwise; increased difficulty of conducting business in a country or region due to actual or potential political or military conflict;
or action by the U.S. or foreign governments that may restrict our ability to transact business in a foreign country or with certain foreign
individuals or entities. A possible slowdown in global trade caused by increasing tariffs or other restrictions could decrease consumer
or corporate confidence and reduce consumer, government and corporate spending in countries inside or outside the U.S., which could adversely
affect our operations. Climate-related events, including extreme weather events and natural disasters and their effect on critical infrastructure
in the U.S. or internationally, could have similar adverse effects on our operations, users, or third-party suppliers.

8

Note 2 — Summary of Significant Accounting Policies

Basis of Presentation

The accompanying condensed consolidated financial statements have been
prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and pursuant
to applicable rules and regulations of the Securities and Exchange Commission (“SEC”).

Unaudited Interim Financial Information

The interim unaudited condensed consolidated financial statements have
been prepared on the same basis as the annual audited consolidated financial statements and in accordance with the rules and regulations
of the SEC. In the opinion of management, the interim unaudited financial statements reflect all adjustments, which include only normal
recurring adjustments, necessary for the fair presentation of the Company’s financial position as of September 30, 2025, the results
of its operations and changes to stockholders’ equity for the three and nine months ended September 30, 2025 and 2024, and its cash
flows for the nine months ended September 30, 2025 and 2024. The results for the three and nine months ended September 30, 2025, are not
necessarily indicative of results to be expected for the year ending December 31, 2025, or any other interim periods, or any future year
or period. All amounts included herein have been rounded except where otherwise stated. As figures are rounded, numbers presented throughout
this document may not add up precisely to the totals we provide and percentages may not precisely reflect the absolute figures. Certain
disclosures have been consolidated or omitted from the unaudited interim condensed consolidated financial statements