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Consolidated Statements of Income and Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 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 780,270 1,731,336 3,527,278 6,062,347
Total operating income 780,270 1,731,336 3,527,278 6,062,347
Operating expenses        
General and administrative 2,679,771 242,007 4,011,563 581,308
Total operating expenses 2,679,771 242,007 4,011,563 581,308
Income from operations (1,899,501) 1,489,329 (484,285) 5,481,039
Non-operating income (expenses)        
Interest income 36,722 35,887 113,942 106,764
Interest expense (1,116,642) (1,263,491) (4,035,107) (3,986,233)
Other income (loss) 1,903 1,591 622 9,389
Total non-operating expenses, net (1,078,017) (1,226,013) (3,920,543) (3,870,080)
Income (loss) before income tax (2,977,518) 263,316 (4,404,828) 1,610,959
Income tax expense (496,557) 397,636 (3,067) 1,179,602
Income (loss) before noncontrolling interest (2,480,961) (134,320) (4,401,761) 431,357
Less: loss attributable to noncontrolling interest (86,052) (93,428) (273,235) (271,683)
Net income (loss) attributable to China Recycling Energy Corporation (2,394,909) (40,892) (4,128,526) 703,040
Other comprehensive items        
Foreign currency translation gain (loss) attributable to China Recycling Energy Corporation (7,971,221) 4,290,726 (10,558,264) 8,923,161
Foreign currency translation loss attributable to noncontrolling interest 22,735 (6,909) 35,361 (12,595)
Comprehensive income (loss) attributable to China Recycling Energy Corporation (10,366,130) 4,249,834 (14,686,790) 9,626,201
Comprehensive loss attributable to noncontrolling interest $ (63,317) $ (100,337) $ (237,874) $ (284,278)
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 $ (0.29) $ (0.00) $ (0.5) $ 0.08