Company: PFSA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004396
Chunk: 305

Company: Profusa, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 305
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common stock was issued with other freestanding instruments (i.e., Public Warrants) and as such, the initial carrying value of public
common stock classified as temporary equity was the allocated proceeds determined in accordance with ASC 470-20.

As
of December 31, 2024 and 2023, the amount of public common stock reflected on the consolidated balance sheets is reconciled in the following
table:

    Contingently redeemable common stock, December 31, 2022 
     193,525,484 
  
    Less: 

    Partial redemption 
     (186,410,914)
  
    Plus: 

    Accretion of redeemable common stock 
     2,137,638 
  
    Contingently redeemable common stock, December 31, 2023 
    $9,252,208 
  
    Less: 

    Partial redemption 
     (1,683,800)
  
    Plus: 

    Accretion of redeemable common stock 
     768,980 
  
    Contingently redeemable common stock, December 31, 2024 
    $8,337,388 

F-14

Recently
Issued Accounting Standards

Standards Adopted

In November 2023, the FASB issued ASU 2023-07, Segment
Reporting (Topic 280): Improvements to Reportable Segment Disclosures. The amendments in this ASU require disclosures,
on an annual and interim basis, of significant segment expenses that are regularly provided to the chief operating officer decision maker
(“CODM”), as well as the aggregate amount of other segment items included in the reported measure of segment profit or loss.
The ASU requires that a public entity disclose the title and position of the CODM and an explanation of how the CODM uses the
reported measure(s) of segment profit or loss in assessing segment performance and deciding how to allocate resources. Public entities
will be required to provide all annual disclosures currently required by Topic 280 in interim periods, and entities with a single
reportable segment are required to provide all the disclosures required by the amendments in this ASU and existing segment disclosures
in Topic 280. This ASU is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal
years beginning after December 15, 2024, with early adoption permitted.