Company: PFSA
Filing Date: 2025-02-12
Form Type: S-4/A
Source: 0001213900-25-012354
Chunk: 621

Company: Profusa, Inc.
Filing Date: 2025-02-12
Form: S-4/A
Chunk 621
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     | Amount |       |
| 2024                      |     |        |   869 |
| 2025                      |     |        |   348 |
| 2026                      |     |        |   145 |
| Total                     |     | $      | 1,362 |

Note 6 — Commitments and Contingencies Operating Lease Obligations In 2018, the Company entered into an operating lease agreement to lease office and lab facilities under a non -cancelableoperating lease with a 10 -yearterm (“Original Lease”). The lease included renewal options to extend the lease for two additional consecutive 5 -yearterms. In July 2022, the Company and the landlord agreed to early terminate the lease agreement. The Company derecognized the right of use assets, the security deposit related to the lease, operating lease liabilities and wrote off accounts payable and net book value of leasehold improvements. As a result, the Company recorded $1.7 million loss from early lease termination. On August 1, 2022 the Company entered into a new lease agreement (the “Amended Lease”) whereby the Company agreed to rent its office and lab facilities under month -to-monthtenancy. The monthly rent payable under the Amended Lease is $25 thousand. Under the Original Lease the Company recognized operating lease costs on a straight -linebasis over the lease period. Operating costs for short -termleases and variable lease costs were less than $0.1 million during the years ended December 31, 2023 and 2022. Starting from August 2022 the Company recognized lease expense in the amount of monthly rent as incurred. The Company recognized a total of $0.3 million and $1.3 million in lease expense for the years ended December 31, 2023 and 2022, respectively.

F-90

PROFUSA, INC. AND SUBSIDIARY
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Note 6 — Commitments and Contingencies (cont.) 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 reasonably estimated. Significant judgment is required to determine both probability and the estimated amount. In the normal course of business, the Company enters into contracts and agreements that contain a variety of representations