Company: PFSA
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001213900-25-112723
Chunk: 57

Company: Profusa, Inc.
Filing Date: 2025-11-19
Form: 10-Q
Item: Part I, Item 1
Chunk 57
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 with the following
significant segment expenses. Significant expenses include research and development and general and administrative expenses, which are
each separately presented in the Company’s consolidated condensed statements of operations and comprehensive loss. The CODM reviews
significant expenses within both the research and development and the general and administrative categories. Other segment items within
net loss include interest income, interest expense and gain (loss) on change in fair value of related party loan. See the consolidated
condensed financial statements for other financial information regarding the Company’s operating segment.

34

    Three Months Ended September 30, 

    2025  
    2024 
  
    Government grant revenue 
    $-  
    $75 
  
    Operating expenses: 

    Research personnel compensation costs, including stock-based compensation 
     287  
     380 
  
    CRO and regulatory costs 
     315  
     - 
  
    Administrative personnel compensation costs, including stock-based compensation 
     4,125  
     302 
  
    Rent and office costs 
     97  
     34 
  
    Legal and accounting costs 
     976  
     426 
  
    Transaction costs 
     15,060  
     - 

    Other expenses(1) 
     848  
     36 
  
    Total segment expenses 
     21,708  
     1,178 
  
    Loss from operations 
     (21,708) 
     (1,103)
  
    Other income (expense) 
     -  
     - 
  
    Gain (loss) on change in the fair value of related party     convertible debt 
     258  
     (319)
  
    Gain on change in the fair value of warrant liabilities 
     884  
     - 
  
    Loss on change in the fair value of digital assets 
     (28) 
     - 
  
    Interest expense 
     (169) 
     (1,073)
  
    Financing costs 
     (1.443) 
     - 
  
    Other income (loss) 
     15  
     (1)
  
    Total other expense, net 
     (484) 
     (1,394)
  
    Net loss and comprehensive loss 
     (22,192) 
     (2,497)

(1)Other