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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS) (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Revenue    
Sales of systems $ 0 $ 30,106,354
Contingent rental income 1,245,805 1,091,458
Total revenue 1,245,805 31,197,812
Cost of sales    
Cost of systems 0 22,921,755
Total cost of sales 0 22,921,755
Gross profit 1,245,805 8,276,057
Interest income on sales-type leases 18,234,020 22,104,162
Total operating income 19,479,825 30,380,219
Operating expenses    
General and administrative 2,693,248 4,738,266
Loss on project termination 2,968,964 0
Total operating expenses 5,662,212 4,738,266
Income from operations 13,817,613 25,641,953
Non-operating income (expenses)    
Interest income 199,301 110,843
Interest expense (9,246,975) (12,572,025)
Changes in fair value of conversion feature liability 1,127,400 11,772,065
Loss on extinguishment of Cinda notes 0 (6,699,949)
Gain on settlement of debt through share issuance 0 8,251,060
Other income, net 253,178 133,347
Financial expenses (5,760) (6,309)
Total non-operating income (expenses), net (7,672,856) 989,032
Income before income tax 6,144,757 26,630,985
Income tax expense 2,922,253 4,232,945
Income before noncontrolling interest 3,222,504 22,398,040
Less: Income (loss) attributable to noncontrolling interest (184,491) 948,161
Net income attributable to China Recycling Energy Corp 3,406,995 21,449,879
Other comprehensive items    
Foreign currency translation gain attributable to China Recycling Energy Corp 270,035 5,200,350
Foreign currency translation gain attributable to noncontrolling interest 10,357 197,649
Comprehensive income attributable to China Recycling Energy Corp 3,677,030 26,650,229
Comprehensive income (loss) attributable to noncontrolling interest $ (174,134) $ 1,145,810
Basic weighted average shares outstanding 47,560,416 42,454,304
Diluted weighted average shares outstanding * 51,037,255 [1] 56,055,390 [1]
Basic earnings per share $ 0.07 $ 0.51
Diluted earnings per share * $ 0.07 [1] $ 0.39 [1]
[1] Interest expense accrued on convertible notes is added back to net income for the computation of diluted EPS.