Company: PFSA
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001213900-25-112723
Chunk: 68

Company: Profusa, Inc.
Filing Date: 2025-11-19
Form: 10-Q
Item: Part I, Item 1
Chunk 68
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, Tasly convertible debt, promissory notes, and PPP Loans.

Other Income

Other income consists primarily of income earned from sale of equipment
and a short-term sublease of a portion of our facilities.

41

Results of Operations

Comparison of the Three Months Ended September 30, 2025 to the
Three Months Ended September 30, 2024

The following table sets forth our unaudited condensed consolidated
statements of operations and comprehensive loss for the interim periods indicated (in thousands):

    For the three months ended September 30,  

    2025  
    2024  
    Change $  
    Change % 
  
    Government grant revenue 
     -  
     75  
     (75) 
     -100%
  
    Operating expenses: 
     -  
     -  
     -  
     0%
  
    Research and development 
     722  
     411  
     311  
     76%
  
    General and administrative 
     20,987  
     767  
     20,220  
     2636%
  
    Total operating expenses 
     21,709  
     1,178  
     20,531  
     1743%
  
    Loss from operations 
     (21,709) 
     (1,103) 
     (20,606) 
     1868%
  
    Other income (expenses) 

    Gain (loss) on change in the fair value of related party convertible debt 
     258  
     (320) 
     578  
     181%
  
    Gain on change in fair value of warrant liabilities 
     884  
     -  
     884  
     100%
  
    Loss on change in fair value of digital assets 
     (28) 
     -  
     (28) 
     100%
  
    Interest expense (including related parties amounts of $629 and $575 for the three months ended September 30, 2025 and September 30, 2024, and $1,962 and $1,774 for the nine months ended September 30, 2025 and September 30, 2024, respectively) 
     (169) 
     (1,073) 
     904