Company: PFSA
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001213900-25-112723
Chunk: 54

Company: Profusa, Inc.
Filing Date: 2025-11-19
Form: 10-Q
Item: Part I, Item 1
Chunk 54
---
 by function
recognized for the three and nine months ended September 30, 2025 and 2024 (in thousands):

    Nine months ended
 September 30, 

    2025  
    2024 
  
    General Administrative 
    $612  
    $5 
  
    Research and development 
     92  
     11 

    $704  
    $16 

    Three months ended
 September 30, 

    2025  
    2024 
  
    General Administrative 
    $579  
    $3 
  
    Research and development 
     38  
     9 

    $617  
    $12 

Note 10 — Related Party Transactions

The Company has funded its operations to date primarily through private
sales of convertible preferred stock, convertible debt, loans payable and promissory notes. These investments have included various related
parties issued at arms-length.

The following table presents the various significant related party
transactions and investments in the Company for the periods presented (in thousands):

  Related Party  Nature of relationship  Description of investment or transaction  September 30,  2025   December 31,  2024   Tasly  Shareholder  Convertible debt payable at fair value  $2,207   $2,234   Ascent PIPE convertible note  Shareholder  Loan payable related party at fair value   14,359    -   Northview Acquisition Corp Sponsor  Shareholder  Convertible debt payable at fair value   1,920    -   The founders  Shareholder  Promissory notes 878    850   Various Individuals  Shareholder  Convertible debt payable  $-   $22,822   Northview Acquisition Corp Sponsor  Shareholder  Due to from Related Party   41    -  

See Note 6 for full disclosures on debt, including the convertible
debt payable, loans payable and promissory notes.

Note 11 — Net Loss per Share Attributable to Common Stockholders

Net loss per share of Company Common Stock is calculated in accordance
with ASC Topic 260, Earnings Per Share using the two-class method. Basic net loss per share is computed by dividing net loss by the weighted-average
number of shares of Common Stock outstanding during the period. In periods of net loss, the two-class method