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Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenue        
Contingent rental income $ 702,973
Interest income on sales-type leases 173,360
Total operating income 876,333
Operating expenses        
Bad debts (reversal) (9,479) 2,683,474 (1,659,101) 5,508,377
Loss on disposal of systems 1,250,731
General and administrative 86,494 142,681 477,358 2,160,017
Total operating (income) expenses 77,015 2,826,155 (1,181,743) 8,919,125
Income (loss) from operations (77,015) (2,826,155) 1,181,743 (8,042,792)
Non-operating income (expenses)        
Gain (loss) on note conversion (298,523) 24,240 (496,853) 24,240
Interest expense-inducement on note conversion (893,958)
Interest income 51,688 38,293 124,305 120,903
Interest expense (340,155) (2,094,899) (1,037,183) (5,888,819)
Other income (expenses), net (7,275) 1,919 (47,903) 332,397
Total non-operating expenses, net (594,265) (2,030,447) (1,457,634) (6,305,237)
Loss before income tax (671,280) (4,856,602) (275,891) (14,348,029)
Income tax benefit (755,840) (3,041,884)
Net loss attributable to China Recycling Energy Corporation (671,280) (4,100,762) (275,891) (11,306,145)
Other comprehensive items        
Foreign currency translation gain (loss) 3,456,157 (2,486,200) 2,173,569 (2,582,759)
Comprehensive income (loss) attributable to China Recycling Energy Corporation $ 2,784,877 $ (6,586,962) $ 1,897,678 $ (13,888,904)
Basic and diluted weighted average shares outstanding (in Shares) 2,687,609 1,615,919 2,381,180 1,467,114
Basic and diluted loss per share (in Dollars per share) [1] $ (0.25) $ (2.54) $ (0.12) $ (7.71)
[1] The basic and diluted loss per share are the same due to antidilutive options and warrants resulting from the Company’s net loss.