XML 27 R14.htm IDEA: XBRL DOCUMENT

Construction in Progress

9 Months Ended

Sep. 30, 2018

8.	Construction in Progress

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

		December 31,		September 30,
		2017		2018
Construction in progress	$	24,288,889	$	19,504,361
Prepayment for acquisition of property, plant and equipment		740,401		2,252,061
Carrying amount	$	25,029,290	$	21,756,422

Construction in progress as of December 31, 2017 and September 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 September 30, 2017 and 2018, the Company capitalized interest of $346,962 and $195,994, respectively, to the cost of construction in progress.

For the nine months ended September 30, 2017 and 2018, the Company capitalized interest of $1,050,474 and $912,702, respectively, to the cost of construction in progress.