Company: PFSA
Filing Date: 2025-05-13
Form Type: S-4/A
Source: 0001213900-25-042224
Chunk: 565

Company: Profusa, Inc.
Filing Date: 2025-05-13
Form: S-4/A
Chunk 565
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 if necessary, recognize allowances for potential credit losses. The Company does not require any allowance for credit losses as of December31, 2024 and 2023. Concentration of Credit Risk Financial instruments that potentially subject the Company to a concentration of credit risk consist of cash and other receivables. Substantially all of the Company’s cash is held by one financial institution. Such deposits may, at times, exceed federally insured limits. The Company has not experienced any losses on its cash. The Company’s other receivables are represented by amounts owned by two government agencies under the government grants. Cash and Cash Equivalents The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. As of December 31, 2024 and 2023, cash consisted of cash on deposit with a bank denominated in U.S. dollars. Deferred Offering Costs Specific incremental costs, consisting of legal, accounting and other fees and costs, directly attributable to a proposed or actual offering of securities are deferred and charged against the gross proceeds of the offering. In the event of a significant delay or cancellation of a planned offering of securities, all of the costs are expensed. Offering costs capitalized as of December 31, 2024 and December 31, 2023 were $2.8 million and $1.5 million, respectively. The deferred offering costs as of December31, 2024 and 2023 includes $0.8million and $0, respectively, of advances to NorthView to fund costs associated with the business combination. Share-Based Compensation The Company accounts for share -basedcompensation arrangements with employees and non -employeesusing a fair value method which requires the recognition of compensation expense for costs related to all share -basedpayments including stock options. The fair value method requires the Company to estimate the fair value of share -basedpayment awards on the date of grant using an option pricing model. The Company uses the Black -Scholespricing model to estimate the fair value of options granted that are then expensed on a straight -linebasis over the vesting period. The Company accounts for forfeitures as they occur. Option valuation models, including the Black -Scholes F-35 PROFUSA, INC. AND SUBSIDIARY
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Note 2 — Summary of Significant Accounting Policies (cont.) option -pricingmodel, require the input of highly subjective assumptions, and changes in the assumptions used can materially affect the grant