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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS) (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Revenue    
Sales of systems $ 62,013,135 $ 0
Contingent rental income 1,180,055 1,245,805
Total revenue 63,193,190 1,245,805
Cost of sales    
Cost of systems 47,847,313  
Total cost of sales 47,847,313 0
Gross profit 15,345,877 1,245,805
Interest income on sales-type leases 19,344,855 18,234,020
Total operating income 34,690,732 19,479,825
Operating expenses    
General and administrative 4,160,742 2,693,248
Loss on project termination 0 2,968,964
Total operating expenses 4,160,742 5,662,212
Income from operations 30,529,990 13,817,613
Non-operating income (expenses)    
Interest income 226,772 199,301
Interest expense (6,718,729) (9,246,975)
Changes in fair value of conversion feature liability 0 1,127,400
Other income (expenses) (1,335,626) 247,418
Total non-operating expenses, net (7,827,583) (7,672,856)
Income before income tax 22,702,407 6,144,757
Income tax expense 6,886,601 2,922,253
Income before noncontrolling interest 15,815,806 3,222,504
Less: Income (loss) attributable to noncontrolling interest 186,270 (184,491)
Net income attributable to China Recycling Energy Corp 15,629,536 3,406,995
Other comprehensive items    
Foreign currency translation gain attributable to China Recycling Energy Corp 4,655,178 270,035
Foreign currency translation gain attributable to noncontrolling interest 3,592 10,357
Comprehensive income attributable to China Recycling Energy Corp 20,284,714 3,677,030
Comprehensive income (loss) attributable to noncontrolling interest $ 189,862 $ (174,134)
Basic weighted average shares outstanding (in shares) 53,850,289 47,560,416
Diluted weighted average shares outstanding (in shares) 54,383,418 [1] 51,037,255 [1]
Basic earnings per share (in dollars per share) $ 0.29 $ 0.07
Diluted earnings per share (in dollars per share) $ 0.29 [1] $ 0.07 [1]
[1] Interest expense accrued on convertible notes is added back to net income for the computation of diluted EPS.