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Construction in Progress
 6 Months Ended
Jun. 30, 2018
Construction in Progress [Text Block]
8.

Construction in Progress

Construction in progress as of December 31, 2017 and June 30, 2018 consisted of the following:

    December 31,     June 30,  
    2017     2018  
Construction in progress $ 24,288,889   $ 22,039,835  
Prepayment for acquisition of property, plant and equipment   740,401     4,326,671  
Carrying amount $ 25,029,290   $ 26,366,506  

Construction in progress as of December 31, 2017 and June 30, 2018 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, 2017 and 2018, the Company capitalized interest of $344,552 and $357,779, respectively, to the cost of construction in progress.

For the six months ended June 30, 2017 and 2018, the Company capitalized interest of $703,512 and $716,708, respectively, to the cost of construction in progress.