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LIQUIDITY AND CAPITAL RESOURCES
3 Months Ended
Mar. 31, 2024
LIQUIDITY AND CAPITAL RESOURCES  
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 $104,943 and $143,277, as of March 31, 2024, and December 31, 2023, respectively. As of March 31, 2024, the Company had cash, cash equivalents and investments of $453,594.

The Company believes that its existing cash, cash equivalents and investments on hand as of March 31, 2024, 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.