5. PREPAID EXPENSE AND OTHER CURRENT ASSETS | | | At December 31, | | | | | 2016 | | 2017 | | | | | | | | | | | | Refundable deposits(1) | | $ | 1,821,545 | | $ | 7,927,825 | | | Prepaid rental fees(2) | | | - | | | 1,652,826 | | | EPC Warranty reimbursement receivables | | | - | | | 132,007 | | | Others | | | 72,045 | | | 830,164 | | | | | | | | | | | | Total prepaid expenses and other current assets | | $ | 1,893,590 | | $ | 10,542,822 | | | (1) | As of December 31 2017, refundable deposits mainly represented refundable deposits for the bidding of the project asset construction rights. | | (2) | As of December 31, 2017, prepaid rental fees mainly represented rooftop rental payments for solar systems for one year. |
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