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Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenue        
Sales of systems $ 24,474,612 $ 24,474,612
Contingent rental income   101,089 6,759 275,427
Total revenue 24,575,701 6,759 24,750,039
Cost of sales        
Cost of systems and contingent rental income 21,464,596 8,125 21,476,876
Total cost of sales 21,464,596 8,125 21,476,876
Gross profit (loss) 3,111,105 (1,366) 3,273,163
Interest income on sales-type leases 3,778,299 6,329,343 8,659,829 12,821,625
Total operating income 3,778,299 9,440,448 8,658,463 16,094,788
Operating expenses        
General and administrative 365,371 552,339 854,784 1,256,900
Total operating expenses 365,371 552,339 854,784 1,256,900
Income from operations 3,412,928 8,888,109 7,803,679 14,837,888
Non-operating income (expenses)        
Interest income 31,814 21,529 63,502 53,816
Interest expense (2,032,419) (1,308,979) (3,381,989) (1,802,684)
Loss on sale of construction in progress of Xuzhou Zhongtai (2,822,679)
Loss on systems repurchase from Yida (417,952) (417,952)
Gain on systems repurchase from Jitie 4,594,922 4,594,922
Other income 74,091 377,268 76,418 14,319
Total non-operating income (expenses), net (2,344,466) 3,684,740 (6,482,700) 2,860,373
Income before income tax 1,068,462 12,572,849 1,320,979 17,698,261
Income tax expense (benefit) (1,183,539) 1,301,511 (972,768) 2,299,463
Income before noncontrolling interest 2,252,001 11,271,338 2,293,747 15,398,798
Less: loss attributable to noncontrolling interest (95,925) (7,779) (147,205) (16,117)
Net income attributable to China Recycling Energy Corporation 2,347,926 11,279,117 2,440,952 15,414,915
Other comprehensive items        
Foreign currency translation gain (loss) attributable to China Recycling Energy Corporation (5,568,969) 1,012,750 (4,499,312) 219,035
Foreign currency translation gain attributable to noncontrolling interest 21,021 1,151 21,556 187
Comprehensive income (loss) attributable to China Recycling Energy Corporation (3,221,043) 12,291,867 (2,058,360) 15,633,950
Comprehensive loss attributable to noncontrolling interest $ (74,904) $ (6,628) $ (125,649) $ (15,930)
Basic and diluted weighted average shares outstanding 8,310,159 8,308,404 8,310,159 8,307,823
Basic and diluted earnings per share $ 0.28 $ 1.36 $ 0.29 $ 1.86