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v3.19.1

Restatement (Tables) | 12 Months Ended
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Dec. 31, 2017
Restatement [Abstract] |
Condensed Balance Sheet [Table Text Block] |
|  | As Previously Reported |  |  | Restated |  |  | Net Adjustment |
Accounts receivable |  | $ | 13,369,655 |  |  | $ | 15,858,804 |  |  |  | 2,489,149 |
Current portion of investment in sales-type leases, net |  |  | 13,076,516 |  |  |  | 11,531,745 |  |  |  | (1,544,771 | )
Interest receivable on sales type leases |  |  | 9,869,357 |  |  |  | 9,619,278 |  |  |  | (250,079 | )
Other receivables |  |  | 3,064,451 |  |  |  | 1,169,660 |  |  |  | (1,894,791 | )
Investment in sales-type leases, net (non-current) |  |  | 100,628,588 |  |  |  | 46,110,374 |  |  |  | (54,518,214 | )
Total Asset |  |  | 287,267,296 |  |  |  | 231,548,590 |  |  |  | (55,718,706 | )
Deferred tax liability, net |  |  | 8,635,151 |  |  |  | 2,157,414 |  |  |  | (6,477,737 | )
Total Liability |  |  | 82,991,880 |  |  |  | 76,514,143 |  |  |  | (6,477,737 | )
Statutory reserve |  |  | 14,733,361 |  |  |  | 14,525,712 |  |  |  | (207,649 | )
Accumulated other comprehensive income |  |  | 1,634,627 |  |  |  | 860,553 |  |  |  | (774,074 | )
Retained earnings |  |  | 76,580,942 |  |  |  | 28,321,696 |  |  |  | (48,259,246 | )
Total Company stockholders’ equity |  |  | 204,754,053 |  |  |  | 155,513,084 |  |  |  | (49,240,969 | )
Total liability and equity |  | $ | 287,267,296.00 |  |  | $ | 231,548,590 |  |  | $ | (55,718,706 | )
Condensed Income Statement [Table Text Block] |
|  | As Previously Reported |  |  | Restated |  |  | Net Adjustment |
Contingent rental income |  |  | - |  |  | $ | 6,489,504 |  |  | $ | 6,489,504 |
Cost of sales |  |  | - |  |  |  | - |  |  |  | - |
Gross profit |  |  | - |  |  |  | 6,489,504 |  |  |  | 6,489,504 |
Interest income on sales-type leases |  | $ | 7,285,192 |  |  |  | 6,610,169 |  |  |  | (675,023 | )
Total operating income |  |  | 7,285,192 |  |  |  | 13,099,673 |  |  |  | 5,814,481 |
General and administrative expenses |  |  | 2,822,321 |  |  |  | 7,293,226 |  |  |  | 4,470,905 |
Impairment loss of net investment receivable |  |  | 38,859 |  |  |  | - |  |  |  | (38,859 | )
Income from operations |  |  | 4,424,012 |  |  |  | 5,806,447 |  |  |  | 1,382,435 |
Income (loss) before income tax |  |  | (1,012,657 | ) |  |  | 369,778 |  |  |  | 1,382,435 |
Income tax expense |  |  | 8,312,749 |  |  |  | 8,039,476 |  |  |  | (273,273 | )
Net loss attributable to China Recycling Energy Corporation |  |  | (8,998,259 | ) |  |  | (7,342,551 | ) |  |  | 1,655,708 |
Foreign currency translation gain |  |  | 12,179,053 |  |  |  | 9,275,654 |  |  |  | (2,903,399 | )
Comprehensive income attributable to China Recycling Energy Corporation |  | $ | 3,180,794 |  |  | $ | 1,933,103 |  |  | $ | (1,247,691 | )
Condensed Cash Flow Statement [Table Text Block] |
|  | As Previously Reported |  |  | Restated |  |  | Net Adjustment |
Loss including noncontrolling interest |  | $ | (9,325,406 | ) |  | $ | (7,669,698 | ) |  | $ | 1,655,708 |
Asset impairment loss |  |  | 38,859 |  |  |  | - |  |  |  | (38,859 | )
Changes in deferred tax |  |  | (788,276 | ) |  |  | (1,061,548 | ) |  |  | (273,272 | )
Interest receivable on sales type leases |  |  | (4,803,020 | ) |  |  | (4,561,000 | ) |  |  | 242,020 |
Collection of principals on sales type leases |  |  | 2,315,517 |  |  |  | 1,305,124 |  |  |  | (1,010,393 | )
Accounts receivable |  |  | - |  |  |  | (2,408,924 | ) |  |  | (2,408,924 | )
Other receivables |  |  | (2,343,249 | ) |  |  | (509,529 | ) |  |  | 1,833,720 |
Net cash provided by operating activities |  |  | 39,514,211 |  |  |  | 39,514,211 |  |  |  | - |

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