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Restatement (Tables) | 12 Months Ended
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Dec. 31, 2016
Restatement [Abstract] |
Schedule of restatement on consolidated balance sheet |
|  | Previously |  |  | Restated |  |  | Net Adjustment |
Current portion of investment in sales-type leases, net |  | $ | 9,385,453 |  |  | $ | 8,101,583 |  |  | $ | (1,283,870 | )
|  |  |  |  |  |  |  |  |  |  | - |
Investment in sales-type leases, net (Non-current) |  |  | 101,706,978 |  |  |  | 49,161,943 |  |  |  | (52,545,035 | )
|  |  |  |  |  |  |  |  |  |  | - |
Total Assets |  | $ | 264,512,065 |  |  | $ | 210,683,160 |  |  | $ | (53,828,905 | )
|  |  |  |  |  |  |  |  |  |  | - |
Deferred tax liability, net (current) |  | $ | 1,418,078 |  |  | $ | 1,097,111 |  |  | $ | (320,967 | )
Deferred tax liability, net (Non-current) |  |  | 7,482,901 |  |  |  | 1,968,241 |  |  |  | (5,514,660 | )
Total Liabilities |  |  | 63,078,884 |  |  |  | 57,243,257 |  |  |  | (5,835,627 | )
|  |  |  |  |  |  |  |  |  |  | - |
Statutory reserve |  |  | 14,473,924 |  |  |  | 14,296,223 |  |  |  | (177,701 | )
Accumulated other comprehensive income |  |  | (10,544,426 | ) |  |  | (8,415,101 | ) |  |  | 2,129,325 |
Retained earnings |  |  | 85,838,638 |  |  |  | 35,893,736 |  |  |  | (49,944,902 | )
|  |  |  |  |  |  |  |  |  |  | - |
Total Company stockholders’ equity |  |  | 201,565,612 |  |  |  | 153,572,334 |  |  |  | (47,993,278 | )
|  |  |  |  |  |  |  |  |  |  | - |
Total liabilities and equity |  | $ | 264,512,065 |  |  | $ | 210,683,160 |  |  | $ | (53,828,905 | )
Schedule of restatement on consolidated statement of income and comprehensive income |
|  | As Previously Reported |  |  | Restated |  |  | Net Adjustment |
Contingent rental income |  | $ | 6,645 |  |  | $ | 4,482,850 |  |  | $ | 4,476,205 |
Cost of sales |  |  | 11,654 |  |  |  | 74,415 |  |  |  | 62,761 |
Gross profit (loss) |  |  | (5,009 | ) |  |  | 4,408,435 |  |  |  | 4,413,444 |
Interest income on sales-type leases |  |  | 12,165,572 |  |  |  | 11,629,410 |  |  |  | (536,162 | )
Total operating income |  |  | 12,160,563 |  |  |  | 16,037,845 |  |  |  | 3,877,282 |
General and administrative expenses |  |  | 1,563,333 |  |  |  | 4,531,730 |  |  |  | 2,968,397 |
Impairment loss on net investment receivable |  |  | 242,305 |  |  |  | 57,368,330 |  |  |  | 57,126,025 |
Income (loss) from operations |  |  | 10,354,925 |  |  |  | (45,862,215 | ) |  |  | (56,217,140 | )
|  |  |  |  |  |  |  |  |  |  | - |
Income (loss) before income tax |  |  | 641,047 |  |  |  | (55,576,093 | ) |  |  | (56,217,140 | )
Income tax expense (benefit) |  |  | (838,988 | ) |  |  | (6,933,525 | ) |  |  | (6,094,537 | )
|  |  |  |  |  |  |  |  |  |  | - |
Net income (loss) attributable to China Recycling Energy Corporation |  |  | 1,827,171 |  |  |  | (48,295,432 | ) |  |  | (50,122,603 | )
Foreign currency translation gain (loss) |  |  | (13,754,741 | ) |  |  | (11,625,416 | ) |  |  | 2,129,325 |
Comprehensive income (loss) attributable to China Recycling Energy Corporation |  | $ | (11,927,570 | ) |  | $ | (59,920,848 | ) |  | $ | (47,993,278 | )
Schedule of restatement on consolidated statement of cash flows |
|  | As Previously Reported |  |  | Restated |  |  | Net Adjustment |
Income including noncontrolling interest |  | $ | 1,480,035 |  |  | $ | (48,642,568 | ) |  | $ | (50,122,603 | )
Impairment loss on net investment receivable |  |  | 242,305 |  |  |  | 57,368,330 |  |  |  | 57,126,025 |
Changes in deferred tax |  |  | (2,737,993 | ) |  |  | (8,832,530 | ) |  |  | (6,094,537 | )
Interest receivable on sales type leases |  |  | (4,283,517 | ) |  |  | (5,192,402 | ) |  |  | (908,885 | )
Net cash provided by operating activities |  | $ | 39,514,211 | $ |  |  | 39,514,211 |  |  | $ | - |

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