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Construction in Progress | 3 Months Ended
--- | ---
Mar. 31, 2024
Construction in Progress [Abstract] |
Construction in Progress |
| 8. | Construction in Progress
Construction in progress as of December 31, 2023 and March 31, 2024 consisted of the following:
|  | December 31, |  |  | March 31, |
|  | 2023 |  |  | 2024 |
Construction in progress |  | $ | 24,876,463 |  |  | $ | 24,322,291 |
Prepayment for acquisition of property, plant and equipment |  |  | 12,921,399 |  |  |  | 13,331,999 |
Carrying amount |  | $ | 37,797,862 |  |  | $ | 37,654,290 |
Construction in progress as of December 31, 2023 and March 31, 2024 mainly comprised capital expenditures for the construction of the facilities and production lines of CBAK Power, Nanjing CBAK and Hitrans. For the three months ended March 31, 2023 and 2024, the Company capitalized interest of $112,274 and $195,278 respectively to the cost of construction in progress.

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- Definition The entire disclosure for construction in progress. + References No definition available. + Details
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