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Construction in Progress

9 Months Ended

Jun. 30, 2015

7.	Construction in Progress

Construction in progress as of September 30, 2014 and June 30, 2015 consisted of the following:

		September 30,		June 30,
		2014		2015
Construction in progress	$	21,760,746	$	20,847,703
Prepayment for acquisition of property, plant and equipment		426,569		69,222
Carrying amount	$	22,187,315	$	20,916,925

Construction in progress as of September 30, 2014 and June 30, 2015 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, 2014 and 2015, the Company capitalized interest of $26,943 and $103,023, respectively, to the cost of construction in progress.

For the nine months ended June 30, 2014 and 2015, the Company capitalized interest of $345,443 and $294,064, respectively, to the cost of construction in progress.