Construction in Progress

6 Months Ended

Jun. 30, 2017

Construction in Progress [Text Block]

8. Construction in Progress

Construction in progress as of December 31, 2016 and June 30, 2017 consisted of the following:

		December 31,		June 30,
		2016		2017
Construction in progress	$	33,277,338	$	33,610,343
Prepayment for acquisition of property, plant and
equipment		179,705		400,585
Carrying amount	$	33,457,043	$	34,010,928

Construction in progress as of December 31, 2016 and June 30, 2017 was mainly comprised of capital expenditures for the construction of the facilities and production lines of Dalian BAK Power.

For the three months ended June 30, 2016 and 2017, the Company capitalized interest of $241,652 and $344,552 respectively, to the cost of construction in progress.

For the six months ended June 30, 2016 and 2017, the Company capitalized interest of $483,990 and $703,512, respectively, to the cost of construction in progress.