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Construction in Progress

9 Months Ended

Sep. 30, 2019

8.	Construction in Progress

Construction in progress as of December 31, 2018 and September 30, 2019 consisted of the following:

	December 31,		September 30,
	2018		2019
Construction in progress	$	23,562,557	$	20,211,782
Prepayment for acquisition of property, plant and equipment		1,439,256		133,733
Carrying amount	$	25,001,813	$	20,345,515

Construction in progress as of December 31, 2018 and September 30, 2019 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, 2018 and 2019, the Company capitalized interest of $195,994 and $385,850, respectively, to the cost of construction in progress.

For the nine months ended September 30, 2018 and 2019, the Company capitalized interest of $912,702 and $1,099,687, respectively, to the cost of construction in progress.