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Consolidated Statements of Income and Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenue    
Contingent rental income $ 621,174 $ 1,422,831
Interest income on sales-type leases 174,235 1,606,615
Total operating income 795,409 3,029,446
Operating expenses    
Bad debt expense 108,396 99,879
General and administrative 1,334,424 1,406,352
Total operating expenses 1,442,820 1,506,231
Income (loss) from operations (647,411) 1,523,215
Non-operating income (expenses)    
Loss on note conversion (893,958)
Loss on disposal of systems (1,257,170)
Interest income 41,112 37,204
Interest expense (1,932,105) (1,424,628)
Other income (expenses), net 356,367 (1,741)
Total non-operating expenses, net (3,685,754) (1,389,165)
Income (loss) before income tax (4,333,165) 134,050
Income tax expense (benefit) (2,390,871) 339,545
Loss before noncontrolling interest (1,942,294) (205,495)
Less: loss attributable to noncontrolling interest (91,258)
Net loss attributable to China Recycling Energy Corporation (1,942,294) (114,237)
Other comprehensive items    
Foreign currency translation gain attributable to China Recycling Energy Corporation 1,810,626 6,405,278
Foreign currency translation loss attributable to noncontrolling interest (21,922)
Comprehensive income (loss) attributable to China Recycling Energy Corporation (131,668) 6,291,041
Comprehensive loss attributable to noncontrolling interest $ (113,180)
Basic weighted average shares outstanding 12,065,716 8,310,198
Diluted weighted average shares outstanding 12,065,716 8,310,198
Basic loss per share $ (0.16) $ (0.01)
Diluted loss per share $ (0.16) $ (0.01)