XML 27 R15.htm IDEA: XBRL DOCUMENT

Construction in Progress

6 Months Ended

Jun. 30, 2021

9.	Construction in Progress

Construction in progress as of December 31, 2020 and June 30, 2021 consisted of the following:

	December 31,		June 30,
	2020		2021
Construction in progress	$	27,070,916	$	36,911,583
Prepayment for acquisition of property, plant and equipment		3,122,393		6,981,201
Carrying amount	$	30,193,309	$	43,892,784

Construction in progress as of December 31, 2020 and June 30, 2021 was mainly comprised of capital expenditures for the construction of the facilities and production lines of CBAK Power and Nanjing CBAK.

For the three months ended June 30, 2020 and 2021, the Company capitalized interest of $304,054 and $92,912, respectively, to the cost of construction in progress.

For the six months ended June 30, 2020 and 2021, the Company capitalized interest of $620,222 and $306,495, respectively, to the cost of construction in progress.