Company: PFSA
Filing Date: 2025-02-12
Form Type: S-4/A
Source: 0001213900-25-012354
Chunk: 578

Company: Profusa, Inc.
Filing Date: 2025-02-12
Form: S-4/A
Chunk 578
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815, Derivatives and Hedging, or that do not result in substantial premiums accounted for as paid -incapital, the embedded conversion features no longer are separated from the host contract. ASU 2020 -06also removes certain conditions that should be considered in the derivatives scope exception evaluation under Subtopic 815 -40, Derivatives and Hedging — Contracts in Entity’s Own Equity, and clarifies the scope and certain requirements under Subtopic 815 -40. In addition, ASU 2020 -06improves the guidance related to the disclosures and earnings per -share(EPS) for convertible instruments and contracts in an entity’s own equity. For private companies, the amendments are effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. The Company early adopted the standard in prior years, which did not have a material impact on its consolidated financial statements and related disclosures. Recently issued accounting standards not yet adopted In December 2023, the FASB issued ASU 2023 -09“Income Taxes (Topics 740): Improvements to Income Tax Disclosures”, to expand the disclosure requirements for income taxes, primarily requiring more detailed disclosure for income taxes paid and the effective tax rate reconciliation. ASU 2023 -09is effective for annual reporting periods beginning after December 15, 2024, with early adoption permitted and can be applied on either a prospective or retroactive basis. The Company is currently evaluating the ASU to determine its impact on our income tax disclosures. F-60

PROFUSA, INC. AND SUBSIDIARY
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED) Note 2 — Summary of Significant Accounting Policies (cont.) On November 27, 2023, the FASB issued Accounting Standards Update (“ASU”) No. 2023 -07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures” (“ASU 2023 -07”), which is intended to improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. The guidance is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The guidance is to be applied retrospectively to all prior periods presented in the financial statements. Upon transition, the segment expense categories and amounts disclosed in the prior periods should