XML 16 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Income and Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenue    
Sales of systems
Contingent rental income
Total revenue
Cost of sales    
Cost of systems and contingent rental income
Gross loss
Interest income on sales-type leases 2,006,039 2,128,016
Total operating income 2,006,039 2,128,016
Operating expenses    
General and administrative 353,507 109,061
Total operating expenses 353,507 109,061
Income from operations 1,652,532 2,018,955
Non-operating income (expenses)    
Interest income 37,204 36,033
Interest expense (1,424,628) (1,357,210)
Other income (loss) (1,741) 4,523
Total non-operating expenses, net (1,389,165) (1,316,654)
Income before income tax 263,367 702,301
Income tax expense 508,159 416,303
Income (loss) before noncontrolling interest (244,792) 285,998
Less: loss attributable to noncontrolling interest (91,258) (88,423)
Net income (loss) attributable to China Recycling Energy Corporation (153,534) 374,421
Other comprehensive items    
Foreign currency translation gain attributable to China Recycling Energy Corporation 8,331,071 1,105,984
Foreign currency translation loss attributable to noncontrolling interest (21,922) (554)
Comprehensive income attributable to China Recycling Energy Corporation 8,177,537 1,480,405
Comprehensive loss attributable to noncontrolling interest $ (113,180) $ (88,977)
Basic weighted average shares outstanding 8,310,198 8,310,198
Diluted weighted average shares outstanding 8,310,198 8,310,198
Basic earnings / (loss) per share $ (0.02) $ 0.05
Diluted earnings / (loss) per share $ (0.02) $ 0.05