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Construction in Progress

3 Months Ended

Mar. 31, 2018

8.	Construction in Progress

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

		December 31,		March 31,
		2017		2018
Construction in progress	$	24,288,889	$	25,950,961
Prepayment for acquisition of property, plant and equipment		740,401		3,889,377
Carrying amount	$	25,029,290	$	29,840,338

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

For the three months ended March 31, 2017 and 2018, the Company capitalized interest of $358,960 and $358,929, respectively, to the cost of construction in progress.