Construction in Progress

6 Months Ended

Jun. 30, 2019

Construction in Progress [Abstract]

Construction in Progress

8. Construction in Progress

Construction in progress as of December 31, 2018 and June 30, 2019 consisted of the following:

	December 31,		June 30,
	2018		2019
Construction in progress	$	23,562,557	$	21,368,952
Prepayment for acquisition of property, plant and equipment		1,439,256		158,086
Carrying amount	$	25,001,813	$	21,527,038

Construction in progress as of December 31, 2018 and June 30, 2019 was mainly comprised of capital expenditures for the construction of the facilities and production lines of CBAK Power.

For the three months ended June 30, 2018 and 2019, the Company capitalized interest of $357,779 and $363,165, respectively, to the cost of construction in progress.

For the six months ended June 30, 2018 and 2019, the Company capitalized interest of $716,708 and $713,837, respectively, to the cost of construction in progress.