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Liquidity and Capital Resources
6 Months Ended
Jun. 30, 2022
Liquidity And Capital Resources [Abstract]  
Liquidity and Capital Resources

2. LIQUIDITY AND CAPITAL RESOURCES

The unaudited condensed consolidated financial statements have been prepared as though the Company will continue as a going concern, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. The Company had an accumulated deficit of $408,582 and $453,598, as of June 30, 2022 and December 31, 2021, respectively. As of June 30, 2022, the Company had cash and cash equivalents of $236,533.

The Company believes that its existing cash and cash equivalents on hand as of June 30, 2022, as well as additional cash generated from operating and financing activities will meet its operational liquidity needs and fund its planned investing activities for the next twelve months from the date of issuance of these unaudited condensed consolidated financial statements.