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Consolidated Statements of Income and Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 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 740,969 2,202,995 2,747,008 4,331,011
Total operating income 740,969 2,202,995 2,747,008 4,331,011
Operating expenses        
General and administrative 978,285 230,240 1,331,792 339,301
Total operating expenses 978,285 230,240 1,331,792 339,301
Income from operations (237,316) 1,972,755 1,415,216 3,991,710
Non-operating income (expenses)        
Interest income 40,016 34,844 77,220 70,877
Interest expense (1,493,837) (1,365,532) (2,918,465) (2,722,742)
Other income (loss) 460 3,275 (1,281) 7,798
Total non-operating expenses, net (1,453,361) (1,327,413) (2,842,526) (2,644,067)
Income (loss) before income tax (1,690,677) 645,342 (1,427,310) 1,347,643
Income tax expense (14,669) 365,663 493,490 781,966
Income (loss) before noncontrolling interest (1,676,008) 279,679 (1,920,800) 565,677
Less: loss attributable to noncontrolling interest (95,925) (89,832) (187,183) (178,255)
Net income (loss) attributable to China Recycling Energy Corporation (1,580,083) 369,511 (1,733,617) 743,932
Other comprehensive items        
Foreign currency translation gain (loss) attributable to China Recycling Energy Corporation (10,918,114) 3,526,451 (2,587,043) 4,632,435
Foreign currency translation loss attributable to noncontrolling interest 34,548 (5,132) 12,626 (5,686)
Comprehensive income (loss) attributable to China Recycling Energy Corporation (12,498,197) 3,895,962 (4,320,660) 5,376,367
Comprehensive loss attributable to noncontrolling interest $ (61,377) $ (94,964) $ (174,557) $ (183,941)
Basic and diluted weighted average shares outstanding 8,310,198 8,310,198 8,310,198 8,310,198
Basic and diluted earnings / (loss) per share $ (0.19) $ 0.04 $ (0.21) $ 0.09