Company: PFSA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004396
Chunk: 681

Company: Profusa, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 3
Chunk 681
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, nor were we engaged
to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding
of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company's internal
control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess
the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond
to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating
the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

/s/ Marcum LLP

Marcum LLP

We have served as the Company’s auditor since 2021.

Boston, MA

March 28, 2025

F-2

NORTHVIEW
ACQUISITION CORPORATION

CONSOLIDATED
BALANCE SHEETS

    December 31, 2024  
    December 31, 2023 
  
    Assets 

    Current Assets: 

    Cash 
    $16,204  
    $4,519 
  
    Prepaid expenses and other current assets 
     14,166  
     6,750 
  
    Prepaid income taxes 
     30,492  
     — 
  
    Cash and marketable securities held in Trust Account 
     —  
     1,565,078 
  
    Total Current Assets 
     60,862  
     1,576,347 

    Cash and marketable securities held in Trust Account 
     8,330,835  
     9,308,328 
  
    Total Assets 
    $8,391,697  
    $10,884,675 

    Liabilities, Redeemable Common Stock and Stockholders’ Deficit 

    Current Liabilities: 

    Accounts payable and accrued expenses 
    $684,483  
    $449,114 
  
    Advance from Profusa 
     791,407  
     — 
  
    Excise tax payable 
     1,880,944  
     1,864,106 
  
    Common stock to be redeemed (1) 
     —