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Restatement (Tables)

12 Months Ended

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			$	-