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Consolidated Statements of Income and Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenue        
Sales of systems
Contingent rental income 6,759
Total revenue 6,759
Cost of sales        
Cost of systems and contingent rental income 8,125
Gross profit (loss) (1,366)
Interest income on sales-type leases 2,202,995 3,778,299 4,331,011 8,659,829
Total operating income 2,202,995 3,778,299 4,331,011 8,658,463
Operating expenses        
General and administrative 230,240 365,371 339,301 854,784
Total operating expenses 230,240 365,371 339,301 854,784
Income from operations 1,972,755 3,412,928 3,991,710 7,803,679
Non-operating income (expenses)        
Interest income 34,844 31,814 70,877 63,502
Interest expense (1,365,532) (2,032,419) (2,722,742) (3,381,989)
Loss on sale of construction in progress of Xuzhou Zhongtai (2,822,679)
Loss on systems repurchase from Yida (417,952) (417,952)
Other income 3,275 74,091 7,798 76,418
Total non-operating expenses, net (1,327,413) (2,344,466) (2,644,067) (6,482,700)
Income before income tax 645,342 1,068,462 1,347,643 1,320,979
Income tax expense (benefit) 365,663 (1,183,539) 781,966 (972,768)
Income before noncontrolling interest 279,679 2,252,001 565,677 2,293,747
Less: income attributable to noncontrolling interest (89,832) (95,925) (178,255) (147,205)
Net income attributable to China Recycling Energy Corporation 369,511 2,347,926 743,932 2,440,952
Other comprehensive items        
Foreign currency translation gain (loss) attributable to China Recycling Energy Corporation 3,526,451 (5,568,969) 4,632,435 (4,499,312)
Foreign currency translation gain (loss) attributable to noncontrolling interest (5,132) 21,021 (5,686) 21,556
Comprehensive income (loss) attributable to China Recycling Energy Corporation 3,895,962 (3,221,043) 5,376,367 (2,058,360)
Comprehensive loss attributable to noncontrolling interest $ (94,964) $ (74,904) $ (183,941) $ (125,649)
Basic and diluted weighted average shares outstanding 8,310,198 8,310,159 8,310,198 8,310,159
Basic and diluted earnings per share $ 0.04 $ 0.28 $ 0.09 $ 0.29