Company: PFSA
Filing Date: 2025-08-11
Form Type: S-1
Source: 0001213900-25-073872
Chunk: 290

Company: Profusa, Inc.
Filing Date: 2025-08-11
Form: S-1
Chunk 290
---
 | $            | 2,390 |   |

F-39

PROFUSA, INC. AND SUBSIDIARY
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED) Note 3 — Fair Value Measurement (cont.) The Company elected to measure its Tasly convertible debt at fair value (Note 5) with changes in fair value reported in earnings as they occur. The Convertible Debt fair values were determined using the discounted cash flow methodology based on probability weighted scenarios of the convertible notes conversion. At issuance of the first $ 1million on June 26, 2023 the time to event was . 28years and the discount rate applied was 14.54%. At issuance of the next $ 0.3million on July 20, 2023, the time to event was . 22years and the discount rate applied was 13.82%. At issuance of the additional $ 0.3million on August 15, 2023, the time to event was . 15years and the discount rate applied was 13.70%. The final amount which was less than $ 0.02million was issued on February 6, 2024; the time to event was . 66years and the discount rate applied was 13.69%. On March 31, 2025, the time event was . 25years and the discount rate applied was 13.21%. Based on this method, the fair value of the convertible debt at the date of inception was $ 1,616,490, and the fair value at March 31, 2025 was $ 2,010,545.

Note 4 — Balance Sheet Components

Prepaid expenses and other current assets (in thousands)

|                   |     |   |     As of 
 March 31, 
      2025 |     |   |        As of 
 December 31, 
         2024 |
|:------------------|:----|:--|----------:|:----|:--|-------------:|
| Prepaid legal     |     |   |        48 |     |   |           25 |
| Prepaid insurance |     |   |        32 |     |   |           37 |
| Prepaid other     |     |   |         7 |     |   |            7 |
|                   |     | $ |        87 |     | $ |