Company: PFSA
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001213900-25-112723
Chunk: 7

Company: Profusa, Inc.
Filing Date: 2025-11-19
Form: 10-Q
Item: Part I, Item 1
Chunk 7
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 (27,256) 
     (6,978)
  
    Adjustments to reconcile net loss to net cash used in operating activities: 

    Non-cash interest expense 
     2,496  
     3,138 
  
    Gain (loss) on change in fair value of related party convertible debt 
     (198) 
     427 
  
    Noncash issuance of inducement shares in connection with the merger 
     7,584  
     2 
  
    Noncash issuance of warrants associated with ELOC costs 
     982  
     — 
  
    Stock-based compensation expenses 
     704  
     16 
  
    Gain on change in fair value of warrant liabilities 
     (884) 
     — 
  
    Loss on change in fair value of digital assets 
     28  

    Changes in assets and liabilities: 

    Other receivables 
     —  
     45 
  
    Prepaid expenses and other current assets 
     (118) 
     97 
  
    Other non-current assets 
     1  
     (346)
  
    Accounts payable 
     3,197  
     690 
  
    Accrued liabilities 
     2,345  
     1,081 
  
    Net cash used in operating activities 
     (11,119) 
     (1,828)

    Cash flows from investing activities 

    Purchase of digital assets 
     (1,000) 
     — 
  
    Net cash used in investing activities 
     (1,000) 
     — 

    Cash flows from financing activities 

    Proceeds from issuance of notes 
     1,450  
     2,110 
  
    Proceeds from ELOC 
     3,537  
     — 
  
    Proceeds from issuance of loans payable 
     11,000  
     — 
  
    Proceeds from issuance of convertible loan 
        
     16 
  
    Net cash received from the reverse recapitalization 
     2  
     — 
  
    Repayment of convertible notes 
     (1,052) 
     (150)
  
    Payment of deferred offering costs 
     —  
     (150)
  
    Net cash provided by financing activities 
     14,937