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Consolidated Statements of Income and Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenue        
Sales of systems
Contingent rental income 1,381,437 1,538,240 2,804,268 3,309,272
Total revenue 1,381,437 1,538,240 2,804,268 3,309,272
Cost of sales        
Cost of systems and contingent rental income
Gross income 1,381,437 1,538,240 2,804,268 3,309,272
Interest income on sales-type leases 657,866 1,648,608 2,264,481 3,327,583
Total operating income 2,039,303 3,186,848 5,068,749 6,636,855
Operating expenses        
General and administrative 2,186,175 1,331,583 3,692,406 2,534,750
Total operating expenses 2,186,175 1,331,583 3,692,406 2,534,750
Income (loss) from operations (146,872) 1,855,265 1,376,343 4,102,105
Non-operating income (expenses)        
Interest income 40,016 34,844 77,220 70,877
Interest expense (1,493,837) (1,365,532) (2,918,465) (2,722,742)
Other income (loss) 460 3,275 (1,281) 7,798
Total non-operating expenses, net (1,453,361) (1,327,413) (2,842,526) (2,644,067)
Income (loss) before income tax (1,600,233) 527,852 (1,466,183) 1,458,038
Income tax expense (benefit) (71,627) 293,750 267,918 610,995
Income (loss) before noncontrolling interest (1,528,606) 234,102 (1,734,101) 847,043
Less: loss attributable to noncontrolling interest (95,925) (89,832) (187,183) (178,255)
Net income (loss) attributable to China Recycling Energy Corporation (1,432,681) 323,934 (1,546,918) 1,025,298
Other comprehensive items        
Foreign currency translation gain (loss) attributable to China Recycling Energy Corporation (8,385,747) 4,327,559 (1,980,469) 3,484,452
Foreign currency translation loss attributable to noncontrolling interest 34,548 (5,132) 12,626 (5,686)
Comprehensive income (loss) attributable to China Recycling Energy Corporation (9,818,428) 4,651,493 (3,527,387) 4,509,750
Comprehensive loss attributable to noncontrolling interest $ (61,377) $ (94,964) $ (174,557) $ (183,941)
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 $ (0.17) $ 0.04 $ (0.19) $ 0.12