Company: PFSA
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001213900-25-112723
Chunk: 195

Company: Profusa, Inc.
Filing Date: 2025-11-19
Form: 10-Q
Item: Part I, Item 8
Chunk 195
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%

    Other income (expense) 

    Loss on change in the fair value of related party convertible debt 
     (52) 
     (427) 
     375  
     -88%
  
    Interest expense 
     (2,496) 
     (3,138) 
     642  
     -20%
  
    Gain on change in fair value of warrant liabilities 
     884  
     —  
     884  
     100%
  
    Loss on change in fair value of digital assets 
     (28) 
     —  
     (28) 
     100%
  
    Financing costs 
     (1,443) 
     —  
     (1,443) 
     100%
  
    Other income 
     15  
     5  
     10  
     200%
  
    Total other expense, net 
     (3,120) 
     (3,560) 
     440  
     -12%
  
    Net loss 
    $(27,256) 
    $(6,978) 
    $(20,278) 
     291%

Research and Development – Research and development expenses
increased by $200 thousand, or 15%, to $1,549 thousand during the nine months ended September 30, 2025 from $1,349 thousand during the
nine months ended September 30, 2024. The increase was driven primarily by the increase in regulatory and CRO costs of $300 thousand,
plus laboratory rent costs of $115 thousand, which is in line with the Company’s intent to focus on research and development to
complete device functionality and reach the point of commercialization in the near future. This increase is then partially offset by personnel
costs decrease of $253 thousand as a result of a reduced headcount on the direct labor and research team.

General and Administrative – General and administrative
expenses increased by $20,418 thousand, or 941%, to $22,587 thousand during the nine months ended September 30, 2025 from $2,169 thousand
during the nine months ended September 30, 2024. The increase was driven primarily by the increase in transaction closing costs of $15,219
plus accounting fees increase of $680 thousand, an increase related to stock-based compensation relating to the non resourse note settlement
of $