Company: PFSA
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001213900-25-112723
Chunk: 55

Company: Profusa, Inc.
Filing Date: 2025-11-19
Form: 10-Q
Item: Part I, Item 1
Chunk 55
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 requires that losses be allocated
only to common shareholders. The computation of diluted net loss per share does not include dilutive common stock equivalents in the weighted-average
shares outstanding, as the inclusion of common stock equivalents would be antidilutive. The common stock equivalents consist of stock
options, convertible notes, warrants, and earn-out shares. Accordingly, for the periods presented in which the Company incurred a net
loss, basic and diluted EPS are the same.

32

The following tables represent weighted average shares using the recasted
common stock equity balance as presented in the Statement of Stockholders’ Deficit. The following table sets forth the computation
of basic and diluted net loss per share attributable to common stockholders (in thousands, except share and per share data):

    Three Months Ended  
    Three Months Ended 

    September 30,  2025  
    September 30,  2024 
  
    Numerator: 

    Net loss 
    $(22,192) 
    $(2,497)
  
    Denominator: 

    Weighted average shares used to computing basic and diluted net loss per share 
     31,731,118  
     1,938,392 
  
    Net loss per share attributable to common stockholders - basic and diluted: 
    $(0.70) 
    $(1.29)

The following outstanding shares of potentially dilutive securities
were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented because
including them would have been antidilutive:

    Three Months Ended  
    Three Months Ended 

    September 30, 2025  
    September 30,  2024 
  
    Related party convertible notes payable at fair value (1) 
     -  
     - 
  
    Loans payable - related party at fair value (1) 
     -  
     - 
  
    Warrants 
     17,536,750  
     - 
  
    Options to purchase common stock 
     1,563,347  
     1,027,897 
  
    Total 
     19,100,097  
     1,027,897 

(1)The Related party convertible notes and Loan’s payable - related
party are convertible upon occurrence of various conversion scenarios. Therefore, the number of shares of Company Common Stock
issuable upon their conversion is not currently estimable.