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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS) - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Revenue    
Sales of systems $ 24,083,232 $ 18,868,632
Contingent rental income 272,268 790,437
Total revenue 24,355,500 19,659,069
Cost of sales    
Cost of systems and contingent rental income 21,138,645 14,585,462
Total cost of sales 21,138,645 14,585,462
Gross profit 3,216,855 5,073,607
Interest income on sales-type leases 22,998,834 26,458,713
Total operating income 26,215,689 31,532,320
Operating expenses    
General and administrative 2,308,608 3,494,711
Total operating expenses 2,308,608 3,494,711
Income from operations 23,907,081 28,037,609
Non-operating income (expenses)    
Interest income 161,086 192,812
Interest expense (3,217,689) (3,431,241)
Gain on systems repurchase from Jitie and Datong 4,521,443 0
Loss on sale of construction in progress of Tangshan Rongfeng (3,780,138) 0
Other income 20,755 1,037,279
Total non-operating expenses, net (2,294,543) (2,201,150)
Income before income tax 21,612,538 25,836,459
Income tax expense 3,244,695 6,111,267
Income before noncontrolling interest 18,367,843 19,725,192
Less: loss attributable to noncontrolling interest (29,582) (86,730)
Net income attributable to China Recycling Energy Corporation 18,397,425 19,811,922
Other comprehensive items    
Foreign currency translation loss attributable to China Recycling Energy Corporation (12,776,823) (222,265)
Foreign currency translation loss attributable to noncontrolling interest (13,606) (1,588)
Comprehensive income attributable to China Recycling Energy Corporation 5,620,602 19,589,657
Comprehensive loss attributable to noncontrolling interest $ (43,188) $ (88,318)
Basic weighted average shares outstanding 83,081,158 69,627,116
Diluted weighted average shares outstanding 83,081,158 69,627,116
Basic earnings per share $ 0.22 $ 0.28
Diluted earnings per share $ 0.22 $ 0.28