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Construction in Progress

3 Months Ended

Mar. 31, 2020

8.	Construction in Progress

Construction in progress as of December 31, 2019 and March 31, 2020 consisted of the following:

	December 31,		March 31,
	2019		2020
Construction in progress	$	21,613,577	$	21,710,182
Prepayment for acquisition of property, plant and equipment		94,047		149,168
Carrying amount	$	21,707,624	$	21,859,350

Construction in progress as of December 31, 2019 and March 31, 2020 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, 2019 and 2020, the Company capitalized interest of $350,672 and $316,168, respectively, to the cost of construction in progress.