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Construction in Progress

9 Months Ended

Sep. 30, 2017

8.	Construction in Progress

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

		December 31,		September 30,
		2016		2017
Construction in progress	$	33,277,338	$	21,617,201
Prepayment for acquisition of property, plant and equipment		179,705		435,746
Carrying amount	$	33,457,043	$	22,052,947

Construction in progress as of December 31, 2016 and September 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 September 30, 2016 and 2017, the Company capitalized interest of $314,220 and $346,962 respectively, to the cost of construction in progress.

For the nine months ended September 30, 2016 and 2017, the Company capitalized interest of $798,210 and $1,050,474,respectively, to the cost of construction in progress.