XML 26 R14.htm IDEA: XBRL DOCUMENT

Construction in Progress

6 Months Ended

Jun. 30, 2025

8.	Construction in Progress

Construction in progress as of December 31, 2024 and June 30, 2025 consisted of the following:

	December 31,		June 30,
	2024		2025
Construction in progress	$	29,819,111	$	49,603,034
Prepayment for acquisition of property, plant and equipment		12,707,748		22,032,824
Carrying amount	$	42,526,859	$	71,635,858

Construction in progress as of December 31, 2024 and June 30, 2025 mainly comprised capital expenditures for the construction of the facilities and production lines of CBAK Power, Nanjing CBAK, Hitrans and Yuanchuang.

For the three months ended June 30, 2024 and 2025, the Company capitalized interest of $276,501 and $90,588, respectively, to the cost of construction in progress.

For the six months ended June 30, 2024 and 2025, the Company capitalized interest of $471,779 and $181,877, respectively, to the cost of construction in progress.