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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Revenue    
Sales of systems $ 30,106,354 $ 74,280,703
Contingent rental income 1,183,510 1,324,835
Total revenue 31,289,864 75,605,538
Cost of sales    
Cost of systems 23,013,807 57,033,984
Gross profit 8,276,057 18,571,554
Interest income on sales-type leases 22,104,162 15,136,643
Total operating income 30,380,219 33,708,197
Operating expenses    
General and administrative 4,738,266 6,340,426
Income from operations 25,641,953 27,367,771
Non-operating income (expenses)    
Interest income 110,843 52,582
Interest expense (19,271,974) (2,728,685)
Changes in fair value of conversion feature liability 11,772,065   
Changes in fair value of the liability 5,441,176 2,809,884
Other income (expenses) 133,347 441
Financial expense (6,309)   
Total non-operating income (expenses), net (1,820,852) 134,222
Income before income tax 23,821,101 27,501,993
Income tax expense 4,232,945 6,866,040
Income before noncontrolling interest 19,588,156 20,635,953
Less: Income attributable to noncontrolling interest 948,161 1,793,472
Net income attributable to China Recycling Energy Corp 18,639,995 18,842,481
Other comprehensive items    
Foreign currency translation gain attributable to China Recycling Energy Corp 5,200,350 2,374,350
Foreign currency translation gain attributable to noncontrolling interest 197,649 86,772
Comprehensive income attributable to China Recycling Energy Corp 23,840,345 21,216,831
Comprehensive income attributable to noncontrolling interest $ 1,145,810 $ 1,880,244
Basic weighted average shares outstanding 42,454,304 38,837,656
Diluted weighted average shares outstanding 56,055,390 [1] 51,296,893 [1]
Basic earnings per share $ 0.44 $ 0.49
Diluted earnings per share $ 0.34 [1] $ 0.38 [1]
[1] Interest expense accrued on convertible notes is added back to net income for the computation of diluted EPS