Company: PFSA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004396
Chunk: 474

Company: Profusa, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1C
Chunk 474
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 the extent of the related party’s interest in the transaction, (iii) whether the transaction
contravenes our code of ethics or other policies, (iv) whether the audit committee believes the relationship underlying the transaction
to be in the best interests of the company and its stockholders and (v) the effect that the transaction may have on a director’s
status as an independent member of the board and on his or her eligibility to serve on the board’s committees. Management will present
to the audit committee each proposed related party transaction, including all relevant facts and circumstances relating thereto. Under
the policy, we may consummate related party transactions only if our audit committee approves or ratifies the transaction in accordance
with the guidelines set forth in the policy. The policy will not permit any director or executive officer to participate in the discussion
of, or decision concerning, a related person transaction in which he or she is the related party.

60

ITEM 14.
PRINCIPAL ACCOUNTING FEES AND SERVICES.

The
following is a summary of fees paid or to be paid to Marcum LLP, or Marcum, for services rendered.

Audit Fees. During the years ended December
31, 2024 and 2023, fees for our independent registered public accounting firm were approximately $191,946 and $108,148 for the services
Marcum performed in connection with the audit of our December 31, 2024 and 2023 consolidated financial statements included in this Annual
Report on Form 10K.

Audit-Related Fees. During the years ended
December 31, 2024 and 2023, fees for our independent registered public accounting firm were approximately $62,335 and $102,604 for the
services Marcum performed in connection with any audit-related services.

Tax
Fees. During the years ended December 31, 2024 and 2023, our independent registered public accounting firm did not render services
to us for tax compliance, tax advice and tax planning.

All
Other Fees. During the years ended December 31, 2024 and 2023, there were no fees billed for products and services provided by our
independent registered public accounting firm other than those set forth above.

Pre-Approval
Policy

Our
audit committee was formed upon the consummation of our Initial Public Offering. As a result, the audit committee did not pre-approve
all of the foregoing services, although any services rendered prior to the formation of our audit committee