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Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenue        
Contingent rental income $ 80,924 $ 1,381,437 $ 702,973 $ 2,804,268
Interest income on sales-type leases 657,866 173,360 2,264,481
Total operating income 80,924 2,039,303 876,333 5,068,749
Operating expenses        
Bad debt 2,716,507 735,992 2,824,903 835,871
General and administrative 682,912 1,450,183 2,017,336 2,856,535
Total operating expenses 3,399,419 2,186,175 4,842,239 3,692,406
Income (loss) from operations (3,318,495) (146,872) (3,965,906) 1,376,343
Non-operating income (expenses)        
Loss on note conversion (893,958)
Loss on disposal of systems (1,264,256)
Interest income 41,498 40,016 82,610 77,220
Interest expense (1,861,815) (1,493,837) (3,793,920) (2,918,465)
Other income (expenses), net (19,450) 460 344,003 (1,281)
Total non-operating expenses, net (1,839,767) (1,453,361) (5,525,521) (2,842,526)
Loss before income tax (5,158,262) (1,600,233) (9,491,427) (1,466,183)
Income tax expense (benefit) 104,827 (71,627) (2,286,044) 267,918
Loss before noncontrolling interest (5,263,089) (1,528,606) (7,205,383) (1,734,101)
Less: loss attributable to noncontrolling interest (95,925) (187,183)
Net loss attributable to China Recycling Energy Corporation (5,263,089) (1,432,681) (7,205,383) (1,546,918)
Other comprehensive items        
Foreign currency translation loss attributable to China Recycling Energy Corporation (1,907,185) (8,385,747) (96,559) (1,980,469)
Foreign currency translation gain attributable to noncontrolling interest 34,548 12,626
Comprehensive loss attributable to China Recycling Energy Corporation (7,170,274) (9,818,428) (7,301,942) (3,527,387)
Comprehensive loss attributable to noncontrolling interest $ (61,377) $ (174,557)
Basic weighted average shares outstanding 15,743,533 8,310,198 13,914,784 8,310,198
Diluted weighted average shares outstanding 15,743,533 8,310,198 13,914,784 8,310,198
Basic loss per share $ (0.33) $ (0.17) $ (0.52) $ (0.19)
Diluted loss per share [1] $ (0.33) $ (0.17) $ (0.52) $ (0.19)
[1] The basic and diluted loss per share are the same due to antidilutive options and warrants resulting from the Company's net loss. For the six and three months ended June 30, 2019, 4,067,641 shares purchasable under warrants and options were excluded from EPS calculation, as their effects were anti-dilutive. For the six and three months ended June 30, 2018, 9,000 shares purchasable under options were excluded from EPS calculation, as their effects were anti-dilutive.