You should always take a look at the documention

parsePhoneNumber returns …an instance of PhoneNumber class, or undefined if no phone number could be parsed…. And you can't expect that JSON.stringify(phoneNumber) will result in something that just contains a phone number.

And isPossiblePhoneNumber expects a string as parameter that is a valid phone number; the documentation states there:

This function is just a shortcut for a two-step process of "strictly" parsing a phone number and then calling .isPossible().

So what you want to do is either:

const contact_asset = "2022032034"
const phoneNumber = libphonenumber.parsePhoneNumber(contact_asset, 'US')

if (phoneNumber) {
  console.log(phoneNumber.isPossible());
}

Or

const contact_asset = "2022032034"
console.log(libphonenumber.isPossiblePhoneNumber(contact_asset, 'US'));

The module you've installed is explicitly a port of the Google code to node and not for the browser. If you want to use it in the browser don't install it from npm but download it directly from Google's repository. If you want to use it with browserify take a look a browserify-shim which allows you to bundle libraries which do not use CommonJS modules.

See also https://github.com/mattbornski/libphonenumber/issues/17