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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 1,144,237 1,679,804 3,948,505 4,989,076
Total revenue 1,144,237 1,679,804 3,948,505 4,989,076
Cost of sales        
Cost of systems and contingent rental income
Gross loss 1,144,237 1,679,804 3,948,505 4,989,076
Interest income on sales-type leases 506,971 1,656,806 2,771,452 4,984,389
Total operating income 1,651,208 3,336,610 6,719,957 9,973,465
Operating expenses        
General and administrative 3,735,397 1,382,160 7,247,803 3,916,910
Total operating expenses 3,735,397 1,382,160 7,247,803 3,916,910
Income (loss) from operations (2,084,189) 1,954,450 (707,846) 6,056,555
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 (3,162,206) 728,437 (4,628,389) 2,186,475
Income tax expense (benefit) (540,916) 342,166 (272,998) 953,161
Income (loss) before noncontrolling interest (2,621,290) 386,271 (4,355,391) 1,233,314
Less: loss attributable to noncontrolling interest (86,052) (93,428) (273,235) (271,683)
Net income (loss) attributable to China Recycling Energy Corporation (2,535,238) 479,699 (4,082,156) 1,504,997
Other comprehensive items        
Foreign currency translation gain (loss) attributable to China Recycling Energy Corporation (6,110,231) 3,288,107 (8,090,700) 6,772,559
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 (8,645,469) 3,767,806 (12,172,856) 8,277,556
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 $ (0.31) $ 0.06 $ (0.49) $ 0.18