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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Dec. 31, 2023
Current assets:      
Cash $ 44,000 $ 191,000 $ 142,000
Other receivables 45,000
Prepaid expenses and other current assets 209,000 69,000 146,000
Cash and marketable securities held in Trust Account 661,012    
Total current assets 253,000 260,000 333,000
Cash and marketable securities held in Trust Account 1,274,549    
Property and equipment, net   2,000
Deferred offering costs 4,136,000 2,757,000 1,527,000
Other non-current assets 55,000 56,000 31,000
Total assets 4,444,000 3,073,000 1,893,000
Current liabilities:      
Accounts payable 6,884,000 4,954,000 3,993,000
Accrued liabilities 4,299,000 3,968,000 2,351,000
Convertible debt payable 49,971,000 45,921,000 38,185,000
Promissory notes 940,000 910,000 849,000
PPP loan 1,383,000 1,376,000 1,362,000
Total current liabilities 63,477,000 57,129,000 46,740,000
Total liabilities 63,477,000 57,129,000 46,740,000
Commitments and contingencies (Note 6)
Convertible Preferred Stock:      
Total convertible preferred stock 65,149,000 65,149,000 65,149,000
Stockholders’ deficit:      
Common stock, value
Additional paid-in-capital 5,840,000 5,753,000 5,732,000
Accumulated deficit (130,022,000) (124,958,000) (115,728,000)
Total stockholders’ deficit (124,182,000) (119,205,000) (109,996,000)
Total liabilities, convertible preferred stock and stockholders’ deficit 4,444,000 3,073,000 1,893,000
Northview Acquisition Corporation      
Current assets:      
Cash 16,204 4,519
Restricted cash 1,751  
Prepaid expenses and other current assets 14,166 6,750
Prepaid income taxes 9,504 30,492
Prepaid franchise tax 15,600  
Cash and marketable securities held in Trust Account 661,012 1,565,078
Total current assets 687,867 60,862 1,576,347
Cash and marketable securities held in Trust Account 1,274,549 8,330,835 9,308,328
Total assets 1,962,416 8,391,697 10,884,675
Current liabilities:      
Accounts payable and accrued expenses 1,744,538 684,483 449,114
Advance from Profusa 1,299,040 791,407
Excise tax payable 1,952,662 1,880,944 1,864,106
Common stock to be redeemed [1]   1,565,078
Income tax payable   49,061
Convertible promissory note – related party 10,288,111 8,908,052 944,118
Securities purchase agreement 193,878  
Due to redeeming stockholders 661,012  
Due to related party 41,180 50,000 50,000
Total current liabilities 16,180,421 12,314,886 4,921,477
Deferred tax liability   13,661
Warrant liabilities 6,961,700 696,170 156,639
Total liabilities 23,142,121 13,011,056 5,091,777
Commitments and contingencies (Note 6)
Stockholders’ deficit:      
Preferred stock, value
Common stock, value 519 519 519
Accumulated deficit (22,510,739) (12,957,266) (3,459,829)
Total stockholders’ deficit (22,510,220) (12,956,747) (3,459,310)
Total liabilities, convertible preferred stock and stockholders’ deficit 1,962,416 8,391,697 10,884,675
Series A convertible preferred stock      
Convertible Preferred Stock:      
Convertible preferred stock, value 5,231,000 5,231,000 5,231,000
Series B convertible preferred stock      
Convertible Preferred Stock:      
Convertible preferred stock, value 13,701,000 13,701,000 13,701,000
Series C/C-1 convertible preferred stock      
Convertible Preferred Stock:      
Convertible preferred stock, value 46,217,000 46,217,000 46,217,000
Common stock subject to possible redemption | Northview Acquisition Corporation      
Convertible Preferred Stock:      
Convertible preferred stock, value $ 1,330,515 $ 8,337,388 $ 9,252,208
[1] In connection with the special meeting of stockholders to vote on extending the Combination Period, on December 21, 2023, 140,663 shares of the Company’s common stock were redeemed at a per share price of $11.13. In January 2024, $1,565,078 was paid from the Trust Account to redeeming stockholders in connection with the extension. As a result, the Company has recorded a liability of $1,565,078 as common stock to be redeemed and reduced common stock subject to possible redemption as of December 31, 2023 on the consolidated balance sheet.