Company: PFSA
Filing Date: 2025-10-29
Form Type: 424B3
Source: 0001213900-25-103174
Chunk: 275

Company: Profusa, Inc.
Filing Date: 2025-10-29
Form: 424B3
Chunk 275
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 under Subtopic 815-40, Derivatives and Hedging — Contracts in Entity’s
Own Equity, and clarifies the scope and certain requirements under Subtopic 815-40. In addition, ASU 2020-06 improves the guidance related
to the disclosures and earnings per-share (EPS) for convertible instruments and contracts in an entity’s own equity. For private
companies, the amendments are effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal
years. The Company early adopted the standard in prior years, which did not have a material impact on its consolidated financial statements
and related disclosures.

In November 2023, the
FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, requiring public entities
to disclose information about their reportable segments’ significant expenses and other segment items on an interim and annual basis.
Public entities with a single reportable segment are required to apply the disclosure requirements in ASU 2023-07, as well as all existing
segment disclosures and reconciliation requirements in ASC 280 on an interim and annual basis. The Company adopted ASU 2023-07 effective
December 31, 2024, on a retrospective basis. The adoption of 2023-07 did not change the way that the Company identifies its reportable
segment. However, it has resulted in incremental disclosures within the notes of the Company’s consolidated financial statements
(Note 14).

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 our income
tax disclosures.

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-