Company: PFSA
Filing Date: 2025-08-29
Form Type: S-1
Source: 0001213900-25-082672
Chunk: 242

Company: Profusa, Inc.
Filing Date: 2025-08-29
Form: S-1
Chunk 242
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, INC. AND SUBSIDIARY
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Note 4 — Balance Sheet Components (cont.)

Accrued Liabilities (in thousands)

|                           |     | As of        
 December 31, 
 2024         |        |   |     | As of        
 December 31, 
 2023         |        |   |
|:--------------------------|:----|:-------------|:-------|:--|:----|:-------------|:-------|:--|
| Accrued compensation      |     | $            | (3,472 | ) |     | $            | (1,960 | ) |
| Accrued other liabilities |     |              | (496   | ) |     |              | (391   | ) |
|                           |     | $            | (3,968 | ) |     | $            | (2,351 | ) |

Note 5 — Debt

The following table sets forth a summary of the debt instruments (which are all classified as current liabilities in the accompanying consolidated balance sheets and their changes during the years ended December 31, 2024 and 2023 (in thousands):

|                                                  |     | Convertible 
 Notes       |        |     | Tasly       
 Convertible 
 Debt        |       |     | Senior 
 Notes  |        |   |     | Promissory 
 Notes      |      |   |     | PPP  
 Loan |       |
|:-------------------------------------------------|:----|:------------|-------:|:----|:------------|------:|:----|:-------|-------:|:--|:----|:-----------|-----:|:--|:----|:-----|------:|
| Balance at January 1, 2023                       |     | $           | 13,981 |     | $           |     — |     | $      | 15,149 |   |     | $          |  576 |   |     | $    | 1,326 |
| Issuance of debt                                 |     |             |      — |     |             | 1,600 |     |        |  3,235 |   |     |            |  375 |   |     |      |     — |
| Debt repayments                                  |     |             |      — |     |             |     — |     |        |      — |   |     |            | (