CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (USD $)	3 Months Ended
	Mar. 31, 2013		Mar. 31, 2012
Revenue
Sales of systems	$ 14,079,796		$ 0
Contingent rental income	260,775		147,553
Total revenue	14,340,571		147,553
Cost of sales
Cost of systems	10,900,912		14,383
Total cost of sales	10,900,912		14,383
Gross profit	3,439,659		133,170
Interest income on sales-type leases	3,824,840		4,814,250
Total operating income	7,264,499		4,947,420
Operating expenses
General and administrative	1,082,446		779,555
Income from operations	6,182,053		4,167,865
Non-operating income (expenses)
Interest income	92,588		26,906
Interest expense	(1,494,496)		(2,601,234)
Changes in fair value of conversion feature liability	0		1,127,400
Other expenses	(980)		(92,046)
Total non-operating expenses net	(1,402,888)		(1,538,974)
Income before income tax	4,779,165		2,628,891
Income tax expense	1,360,054		487,392
Income before noncontrolling interest	3,419,111		2,141,499
Less: Income attributable to noncontrolling interest	120,921		118,934
Net income attributable to China Recycling Energy Corp	3,298,190		2,022,565
Other comprehensive items
Foreign currency translation gain attributable to China Recycling Energy Corp	325,334		122,886
Foreign currency translation gain attributable to noncontrolling interest	11,774		5,019
Comprehensive income attributable to China Recycling Energy Corp	3,623,524		2,145,451
Comprehensive income attributable to noncontrolling interest	$ 132,695		$ 123,953
Basic weighted average shares outstanding	50,224,350		46,474,350
Diluted weighted average shares outstanding *	50,945,906	[1]	53,009,813	[1]
Basic earnings per share	$ 0.07		$ 0.04
Diluted earnings per share *	$ 0.07	[1]	$ 0.04	[1]

[1] Interest expense accrued on convertible notes is added back to net income for the computation of diluted EPS.