Construction in Progress

12 Months Ended

Dec. 31, 2018

Construction in Progress [Abstract]

Construction in Progress

9. Construction in Progress

Construction in progress as of December 31, 2017 and 2018 consisted of the following:

	December 31,		December 31,
	2017		2018
Construction in progress	$	24,288,889	$	23,562,557
Prepayment for acquisition of property, plant and equipment		740,401		1,439,256
Carrying amount	$	25,029,290	$	25,001,813

Construction in progress as of December 31, 2017 and 2018 mainly comprised capital expenditures for the construction of the facilities and production lines of CBAK Power.

For the years ended December 31, 2017 and 2018, the Company capitalized interest of $1,406,456 and $1,257,136, respectively, to the cost of construction in progress.