Company: PFSA
Filing Date: 2025-08-11
Form Type: S-1
Source: 0001213900-25-073872
Chunk: 167

Company: Profusa, Inc.
Filing Date: 2025-08-11
Form: S-1
Chunk 167
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 |     |      |  2,390 |     |            | — |
| Senior notes                  |     |       | 26,589 |     |      | 26,589 |     |            | — |
| Promissory notes              |     |       |    925 |     |      |    925 |     |            | — |
| PPP loan                      |     |       |  1,379 |     |      |  1,379 |     |            | — |
| Total contractual obligations |     | $     | 50,248 |     | $    | 50,248 |     | $          | — |

Critical Accounting Estimates The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities and the reported amounts of revenue and expenses in the condensed consolidated financial statements and accompanying notes. The Company’s management regularly assesses these estimates, including those related to accrued liabilities, valuation of the convertible debt, and senior notes, valuation allowance for deferred tax assets, and valuation of stock -basedawards. Actual results could differ from these estimates, and such differences could be material to the Company’s financial position and results of operations. Recent Accounting Pronouncements From time to time, new accounting standards are issued by the Financial Accounting Standards Board (“FASB”) or other standard setting bodies that are adopted by the Company as of the specified effective date. During the three months ended March 31, 2025 and through the date of issuance of these condensed consolidated financial statements, there have been no new, or existing, recently issued accounting pronouncements that are of significance, or potential significance, that impact the Company’s condensed consolidated financial statements. 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 the income tax disclosures. No material financial impact will result in this expanded disclosure requirement. In November 2024, the FASB