Company: PFSA
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001213900-25-112723
Chunk: 160

Company: Profusa, Inc.
Filing Date: 2025-11-19
Form: 10-Q
Item: Part I, Item 8
Chunk 160
---
 value of related party convertible debt 
     71 
  
    Fair value as of September 30, 2025 
    $14,359 

Note 5 — Balance Sheet Components

Prepaid expenses and other current assets (in thousands)

    As of
 September 30,
 2025  
    As of
 December 31,
 2024 
  
    Prepaid legal 
    $    -  
    $ 25 
  
    Prepaid insurance 
     141  
     37 
  
    Prepaid other 
     73  
     7 

    $214  
    $69 

Accrued Liabilities (in thousands)

    As of
 September 30,
 2025  
    As of
 December 31,
 2024 
  
    Accrued compensation 
    $(4,291) 
    $(3,472)
  
    Accrued other liabilities 
     (3,557) 
     (496)

    $(7,848) 
    $(3,968)

20

Note 6 — Debt

The following table sets forth a summary of the debt instruments and
their changes during the nine months ended September 30, 2025 and 2024 (in thousands):

     Convertible Notes   Loan Payable - Related Party   Tasly Convertible Debt - Related Party   Convertible promissory note - related party   Senior Notes   Promissory Notes   PPP Loan                                  Balance at January 1, 2025  $18,419   $—   $2,234    —   $25,268    910   $1,376   Issuance of debt   —    11,000    —    —    1,350    100    —   Debt repayments   —    (610)   —    —    (443)   —    —   Change in fair value   —    71    (27)   (242)   —    —    —   Conversion of debt to equity   (19,612)   —    —    —    (27,