XML 59 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2014
Dec. 31, 2013
CURRENT ASSETS    
Cash and equivalents $ 35,871,030us-gaap_CashAndCashEquivalentsAtCarryingValue $ 7,701,530us-gaap_CashAndCashEquivalentsAtCarryingValue
Restricted cash 0us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue 2,296,249us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue
Accounts receivable 16,330us-gaap_AccountsReceivableNet 71,573us-gaap_AccountsReceivableNet
Current portion of investment in sales type leases, net 6,561,984us-gaap_CapitalLeasesLessorBalanceSheetNetInvestmentInSalesTypeLeasesCurrent 9,063,386us-gaap_CapitalLeasesLessorBalanceSheetNetInvestmentInSalesTypeLeasesCurrent
Interest receivable on sales type leases 974,526us-gaap_InterestReceivableCurrent 765,010us-gaap_InterestReceivableCurrent
Prepaid expenses 951,180us-gaap_PrepaidExpenseCurrent 1,045,802us-gaap_PrepaidExpenseCurrent
Other receivables 1,196,684us-gaap_OtherReceivablesGrossCurrent 1,813,220us-gaap_OtherReceivablesGrossCurrent
Notes receivable 0us-gaap_NotesAndLoansReceivableNetCurrent 656,071us-gaap_NotesAndLoansReceivableNetCurrent
Prepaid loan fees - current 0us-gaap_DeferredFinanceCostsCurrentNet 83,649us-gaap_DeferredFinanceCostsCurrentNet
Total current assets 45,571,734us-gaap_AssetsCurrent 23,496,490us-gaap_AssetsCurrent
NON-CURRENT ASSETS    
Prepaid loan fees - noncurrent 0us-gaap_DeferredFinanceCostsNoncurrentNet 125,474us-gaap_DeferredFinanceCostsNoncurrentNet
Investment in sales type leases, net 174,458,615us-gaap_CapitalLeasesLessorBalanceSheetNetInvestmentInSalesTypeLeasesNoncurrent 175,441,561us-gaap_CapitalLeasesLessorBalanceSheetNetInvestmentInSalesTypeLeasesNoncurrent
Long term investment 821,205us-gaap_LongTermInvestments 738,513us-gaap_LongTermInvestments
Long term deposit 60,525us-gaap_DepositsAssetsNoncurrent 385,073us-gaap_DepositsAssetsNoncurrent
Property and equipment, net 25,116us-gaap_PropertyPlantAndEquipmentNet 44,243us-gaap_PropertyPlantAndEquipmentNet
Construction in progress 154,340,627us-gaap_ConstructionInProgressGross 83,719,596us-gaap_ConstructionInProgressGross
Total non-current assets 329,706,088us-gaap_AssetsNoncurrent 260,454,460us-gaap_AssetsNoncurrent
TOTAL ASSETS 375,277,822us-gaap_Assets 283,950,950us-gaap_Assets
CURRENT LIABILITIES    
Accounts payable 1,140,181us-gaap_AccountsPayableCurrent 2,642,663us-gaap_AccountsPayableCurrent
Notes payable - bank acceptances 163,425us-gaap_NotesPayableToBankCurrent 5,740,622us-gaap_NotesPayableToBankCurrent
Taxes payable 2,614,311us-gaap_TaxesPayableCurrent 1,560,829us-gaap_TaxesPayableCurrent
Accrued liabilities and other payables 3,250,744creg_AccruedExpensesAndOtherCurrentLiabilities 1,517,191creg_AccruedExpensesAndOtherCurrentLiabilities
Due to related parties 40,954us-gaap_DueToRelatedPartiesCurrent 2,420,391us-gaap_DueToRelatedPartiesCurrent
Deferred tax liability 1,035,337us-gaap_DeferredTaxLiabilitiesCurrent 1,371,766us-gaap_DeferredTaxLiabilitiesCurrent
Loans payable - current 15,729,694us-gaap_LoansPayableToBankCurrent 14,925,618us-gaap_LoansPayableToBankCurrent
Interest payable on entrusted loans 285,257creg_EntrustedLoansPayableInterestCurrent 287,887creg_EntrustedLoansPayableInterestCurrent
Current portion of long term payable 2,401,405us-gaap_LongTermDebtCurrent 1,441,051us-gaap_LongTermDebtCurrent
Total current liabilities 26,661,308us-gaap_LiabilitiesCurrent 31,908,018us-gaap_LiabilitiesCurrent
NONCURRENT LIABILITIES    
Deferred tax liability, net 13,302,537us-gaap_DeferredTaxLiabilitiesNoncurrent 11,954,619us-gaap_DeferredTaxLiabilitiesNoncurrent
Refundable deposit from customers for systems leasing 1,650,597us-gaap_CustomerDepositsNoncurrent 1,164,526us-gaap_CustomerDepositsNoncurrent
Long term payable 0us-gaap_LiabilitiesOtherThanLongtermDebtNoncurrent 2,385,422us-gaap_LiabilitiesOtherThanLongtermDebtNoncurrent
Loans payable 63,114,888us-gaap_LoansPayableToBank 18,862,045us-gaap_LoansPayableToBank
Entrusted loan payable 62,428,501us-gaap_OtherLoansPayableLongTerm 62,654,792us-gaap_OtherLoansPayableLongTerm
Total noncurrent liabilities 140,496,523us-gaap_LiabilitiesNoncurrent 97,021,404us-gaap_LiabilitiesNoncurrent
Total liabilities 167,157,831us-gaap_Liabilities 128,929,422us-gaap_Liabilities
CONTINGENCIES AND COMMITMENTS      
STOCKHOLDERS' EQUITY    
Common stock, $0.001 par value; 100,000,000 shares authorized, 83,009,035 and 60,910,058 shares issued and outstanding as of December 31, 2014 and 2013, respectively 83,009us-gaap_CommonStockValue 60,910us-gaap_CommonStockValue
Additional paid in capital 111,517,578us-gaap_AdditionalPaidInCapitalCommonStock 78,130,053us-gaap_AdditionalPaidInCapitalCommonStock
Shares to be issued 187,500us-gaap_OtherLiabilitiesNoncurrent 0us-gaap_OtherLiabilitiesNoncurrent
Statutory reserve 11,888,170us-gaap_RetainedEarningsAppropriated 9,672,754us-gaap_RetainedEarningsAppropriated
Accumulated other comprehensive income 15,987,138us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax 16,209,403us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Retained earnings 68,199,797us-gaap_RetainedEarningsUnappropriated 50,603,291us-gaap_RetainedEarningsUnappropriated
Total Company stockholders' equity 207,863,192us-gaap_StockholdersEquity 154,676,411us-gaap_StockholdersEquity
Noncontrolling interest 256,799us-gaap_MinorityInterest 345,117us-gaap_MinorityInterest
Total equity 208,119,991us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 155,021,528us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
TOTAL LIABILITIES AND EQUITY $ 375,277,822us-gaap_LiabilitiesAndStockholdersEquity $ 283,950,950us-gaap_LiabilitiesAndStockholdersEquity