Company: PFSA
Filing Date: 2025-10-29
Form Type: 424B3
Source: 0001213900-25-103174
Chunk: 319

Company: Profusa, Inc.
Filing Date: 2025-10-29
Form: 424B3
Chunk 319
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 approximates fair value due to the short time to the expected receipt or payment.
The promissory notes are stated at amortized cost, which approximates their fair value, because the Company believes their terms approximate
those that would be available to it on a similar loan from an unrelated party. The Tasly convertible debt issued between June 2023-February 2024
(Note 5) is carried at fair value based on unobservable market inputs.

Recent Accounting Standards

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 six months ended June 30, 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 2023-09 is 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.

<div align='center'>F-38

PROFUSA, INC. AND SUBSIDIARY
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED)</div>

Note 2 — Summary of Significant Accounting Policies (cont.)

In November 2024, the
FASB issued ASU No. 2024-03 (“ASU 2024-03”), Disaggregation of Income Statement Expenses (“DISE”). ASU 2024-03
requires disaggregated disclosure of income statement expenses for public business entities. ASU 2024-03 does not change the expense
captions an entity presents on the face of the income statement; rather, it requires disaggregation of certain expense captions into specified
categories in disclosures within the footnotes to the financial statements. As revised