For the quarter ending 2026-03-31, NVACW had -$1,403,000 decrease in cash & cash equivalents over the period. -$2,581,000 in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net loss | -3,456,000 | -8,567,000 | -17,939,214 | -9,316,786 |
| Noncash interest expense | 18,000 | 8,000 | 2,496,000 | - |
| Gain on extinguishment of debt | 1,392,000 | - | - | - |
| Loss on change in fair value of convertible notes | 797,000 | 3,306,000 | -198,000 | - |
| Due to related party | - | - | - | -8,820 |
| Noncash issuance of inducement shares and in connection with the merger | - | -330,000 | 7,584,000 | - |
| Deferred tax liability | - | - | - | 0 |
| Noncash issuance of warrants to financial advisor | - | 330,000 | - | - |
| Income tax payable | - | - | - | 0 |
| Noncash issuance of warrants associated for eloc warrants | - | 0 | 982,000 | - |
| Accounts payable and accrued expenses | - | - | - | 1,060,055 |
| Stock-based compensation expense | 187,000 | 187,000 | 704,000 | - |
| Gain on change in fair value of warrant liabilities | -258,000 | -11,000 | -7,149,530 | 6,265,530 |
| Interest income on cash held in trust account | - | - | - | 95,084 |
| Loss on disposal of digital assets | 295,000 | 527,000 | 28,000 | - |
| Prepaid income taxes | - | - | - | -20,988 |
| Noncash merger transaction costs | - | 500,000 | - | - |
| Prepaid expenses and other current assets | -254,000 | -329,000 | 132,166 | -14,166 |
| Prepaid franchise taxes | - | - | - | 15,600 |
| Other non-current assets | 50,000 | -52,000 | -1,000 | - |
| Changes in fair value of securities purchase agreement | - | - | - | 193,878 |
| Accounts payable | 964,000 | 363,000 | 3,197,000 | - |
| Changes in fair value of convertible promissory note | - | - | - | 1,380,059 |
| Accrued expenses and other current liabilities | 65,000 | -1,823,000 | 2,345,000 | - |
| Net cash used in operating activities | -2,576,000 | -5,129,000 | -10,617,386 | -501,614 |
| Reimbursement of franchise and income taxes from trust account | - | - | - | 78,813 |
| Payment of extension fee into trust account | - | - | - | 99,285 |
| Purchase of digital assets | - | 1,000,000 | 1,000,000 | - |
| Sale of digital assets | 1,150,000 | - | - | - |
| Cash withdrawn from trust account in connection with redemption | - | - | - | 6,510,830 |
| Purchase of property, plant and equipment | 5,000 | 8,000 | - | - |
| Net cash provided by investing activities | 1,145,000 | -1,008,000 | -7,490,358 | 6,490,358 |
| Proceeds from issuance of notes | - | 0 | 1,450,000 | - |
| Proceeds from eloc | 469,000 | 6,739,000 | 3,537,000 | - |
| Advance from profusa | - | - | - | 507,633 |
| Proceeds from issuance of loans payable | - | 0 | 11,000,000 | - |
| Proceeds from convertible promissory note | - | - | - | 0 |
| Net cash received from the reverse recapitalization | - | 0 | 2,000 | - |
| Redemption of common stock | - | - | - | 6,510,830 |
| Repayment on convertible notes, promissory notes and loans payable | 441,000 | 1,833,000 | 1,052,000 | - |
| Net cash provided by financing activities | 28,000 | 4,906,000 | 20,940,197 | -6,003,197 |
| Net decrease in cash | -1,403,000 | -1,231,000 | 2,832,453 | -14,453 |
| Cash at the beginning of the period | 1,778,000 | 3,009,000 | 191,000 | - |
| Cash at the end of the period | 375,000 | 1,778,000 | 3,009,000 | - |
Profusa, Inc. (NVACW)
Profusa, Inc. (NVACW)