v3.26.1
Construction in Progress
3 Months Ended
Mar. 31, 2026
Construction in Progress [Abstract]  
Construction in Progress
7. Construction in Progress

 

Construction in progress as of December 31, 2025 and March 31, 2026 consisted of the following:

 

   December 31,   March 31, 
   2025   2026 
Construction in progress  $19,914,272   $14,723,373 
Prepayment for acquisition of property, plant and equipment   12,132,149    14,966,416 
Carrying amount  $32,046,421   $29,689,789 

 

Construction in progress as of December 31, 2025 and March 31, 2026 mainly comprised capital expenditures for the construction of the facilities and production lines of CBAK Power, Nanjing CBAK, Hitrans and Anhui.

 

For the three months ended March 31, 2025 and 2026, the Company capitalized interest of $91,289 and nil respectively, to the cost of construction in progress.