CHINA RECYCLING ENERGY CORP CREG Balance Sheet

China recycling energy corp (CREG)

Balance Sheet / Quarterly

Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Dec'10
ASSETS
CURRENT ASSETS
Cash and equivalents
16,221	50,845	51,486	57,099	53,223	50,942	51,138	53,208	49,830	48,307	46,976	47,050	47,752	40,680	42,736	34,559	41,749	53,174	53,383	26,652	35,871	16,380	6,615	16,237	7,701	34,860	32,631	44,849	45,004	56,164	41,648	26,468	14,949	19,696	10,560	11,072
Notes receivable
-	-	-	-	-	610	906	620	979	1,717	797	144	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	542	866	1,130	-	-	-	0	6,501	7,720	731	2,296	3,334	890	1,036	2,725	1,991	994	794	317	0	0	2,151
Accounts receivable, net
42,068	43,670	44,929	49,395	11,755	16,042	16,998	17,248	15,858	13,162	12,895	12,662	12,593	25,723	35,289	33,640	15,399	0	7,360	88	16	4,061	61	12	71	112	65	55	81	156	-	-	-	-	-	-
Accounts receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	139	13,377	19,113	-	-	0
Current portion of investment in sales-type leases, net
-	-	-	-	-	10,304	12,220	12,558	11,531	13,404	12,552	11,034	8,101	6,973	5,690	6,925	6,679	6,608	6,665	6,916	6,561	7,523	7,772	8,353	9,063	10,425	10,785	11,029	10,389	9,543	9,060	8,698	8,725	9,365	8,360	7,624
Interest receivable on sales type leases
5,245	5,173	5,322	5,434	9,336	8,784	9,845	10,483	9,619	8,049	7,695	6,450	4,621	3,094	1,258	554	555	570	597	1,386	974	973	977	1,148	765	782	663	63	912	702	720	1,234	2,423	1,906	2,364	554
Prepaid taxes
52	51	32	33	32	32	147	457	739	223	112	394	682	1,215	373	791	1,179	1,266	160	547	951	1,442	310	991	1,045	1,363	50	53	49	83	84	145	145	6	5	33
Other receivables
1,031	1,013	1,981	1,073	1,559	1,350	1,338	1,280	1,169	3,894	2,352	1,660	560	387	238	518	553	2,344	2,320	1,882	1,196	734	1,788	1,604	1,813	1,711	173	200	121	163	122	111	530	399	1,787	393
Notes receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	656	650	809	638	0	0	158	66	82	-	-	0
Advance to related party
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	449	0	440	436	438	-	-	-	-	-
Prepaid interest on trust loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	834	830	818	816	-	-	-	-	-	-	-
Prepaid loan fees - current
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	82	82	82	83	82	81	81	81	80	80	81	80	78	-	0
Total current assets
64,619	100,754	103,752	113,036	75,906	88,066	92,596	95,856	89,728	88,759	83,382	79,397	74,312	78,075	86,130	77,856	67,247	63,964	70,488	37,473	45,571	37,700	25,328	29,163	23,496	54,158	47,430	58,826	60,621	69,321	53,445	50,976	46,368	31,453	23,078	21,829
NON-CURRENT ASSETS
Prepaid interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	809	811	815	814	807	792	774
Prepaid loan fees - noncurrent
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	62	82	103	125	145	165	183	202	221	241	263	283	302	-	0
Investment in sales-type leases, net
8,287	8,174	11,115	11,348	24,962	38,969	42,241	46,208	46,110	100,783	100,624	100,609	49,161	52,512	54,213	131,969	133,079	137,597	144,936	172,064	174,458	182,139	188,621	172,007	175,441	162,661	143,027	129,639	118,021	119,639	122,458	125,445	127,576	146,318	127,917	117,586
Long term investment
-	-	-	-	475	463	488	514	514	789	745	685	641	623	1,035	1,008	950	937	924	871	821	773	726	702	738	567	647	-	0	-	-	-	-	-	-	-
Long term deposit
15	15	15	16	15	15	16	17	16	0	0	61	61	63	55	57	57	58	60	60	60	381	381	381	385	345	395	389	388	385	386	387	387	384	-	0
Operating lease right-of-use asset, net
54	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property and equipment, net
27,044	26,674	27,443	28,019	27,495	35,246	9	12	11	12	12	12	12	13	14	15	17	20	23	25	25	27	28	34	44	56	67	61	68	77	90	102	116	126	138	159
Construction in progress
23,824	24,353	25,055	25,581	42,582	62,015	95,616	99,746	95,165	92,864	90,167	87,746	86,493	89,003	88,629	90,284	115,522	144,243	145,648	158,040	154,340	143,531	140,311	105,178	83,719	78,563	18,080	21,396	22,993	15,942	32,542	32,516	32,466	32,179	32,915	25,377
Total non-current assets
59,225	59,217	63,630	64,965	95,530	136,710	138,372	146,499	141,819	194,449	191,549	189,114	136,371	142,216	143,948	223,335	249,626	282,856	291,593	331,061	329,706	326,915	330,152	278,408	260,454	242,338	162,383	151,669	141,675	137,075	156,530	159,531	161,644	180,118	161,763	143,898
TOTAL ASSETS
123,845	159,972	167,383	178,001	171,436	224,777	230,969	242,355	231,548	283,208	274,932	268,512	210,683	220,292	230,079	301,192	316,874	346,821	362,082	368,535	375,277	364,616	355,480	307,571	283,950	296,497	209,813	210,496	202,296	206,397	209,976	210,507	208,013	211,571	184,842	165,728
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts payable
2,200	2,168	2,231	6,345	5,591	6,443	3,581	3,244	3,229	2,736	2,213	1,921	1,506	1,591	797	130	427	462	154	453	1,140	1,326	1,423	2,661	2,642	768	487	6,589	239	673	2,361	2,709	3,907	11,053	2,030	5,012
Notes payable - bank acceptances
-	-	-	-	-	-	-	-	-	-	-	-	-	-	995	1,331	1,130	2,411	2,617	1,139	163	13,327	15,115	3,576	5,740	5,367	1,618	1,595	3,659	2,523	1,468	1,429	634	0	0	2,868
Taxes payable
4,087	3,451	3,569	5,146	3,636	2,916	2,770	2,623	2,423	1,503	1,179	1,555	1,202	854	1,163	1,068	1,058	1,188	3,658	1,737	2,614	2,402	1,678	2,205	1,560	1,997	1,552	1,505	1,372	702	569	1,327	2,943	1,145	1,444	1,631
Accrued liabilities and other payables
1,184	1,139	1,171	1,177	1,617	1,577	1,598	1,716	1,618	1,567	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease liability
56	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued liabilities and other payables
-	-	-	-	-	-	-	-	-	-	1,573	1,344	1,596	2,850	2,596	2,262	3,199	3,450	3,648	2,210	3,250	2,461	1,663	1,597	1,517	1,199	3,328	1,808	1,534	1,454	1,572	1,306	1,279	2,631	3,093	2,874
Due to related parties
41	41	40	41	41	41	41	41	43	41	41	41	44	44	44	44	44	44	44	40	40	40	11,854	7,287	2,420	4,084	-	40	0	0	443	572	2,981	1,245	1,397	1,365
Deferred tax liability, net
-	-	-	-	-	-	-	-	-	-	-	-	1,097	1,103	1,071	1,532	1,538	1,383	-	-	1,035	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,310	1,196	-	1,263	1,296	1,351	1,371	2,574	2,682	2,652	2,471	2,369	2,179	1,933	1,624	1,563	1,269	1,188
Loans payable - current
-	-	-	-	-	-	-	-	-	0	0	579	720	748	1,432	6,190	6,159	9,362	8,150	14,245	15,729	17,066	17,268	10,971	14,925	12,361	13,271	13,558	13,523	13,877	14,387	11,756	6,983	3,776	3,708	1,811
Trust loans payable - current
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	32,124	31,964	31,504	31,421	3,154	3,162	3,177	3,174	5,295	5,199	5,081
Interest payable on trust loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,593	2,308	1,295	317	3,552	-	-	-	-	-	-
Interest payable on trust loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,552	-	-	-	-	-	-
Cinda note payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	3,766	3,766	3,766	3,377	5,813	-	4,626	3,000	3,000	4,403
Accrued interest on Cinda note
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	180	563	383	201	-	-	-	-	-	-
Interest payable on entrusted loans
8,200	22,335	21,114	19,714	17,473	13,331	11,895	10,472	8,131	6,046	4,004	2,068	224	211	239	270	268	249	259	284	285	257	257	283	287	-	-	-	0	-	-	-	-	-	-	-
Entrusted loan payable
20,480	46,939	48,293	49,305	48,373	48,261	50,176	52,798	50,825	50,023	48,712	47,830	47,570	49,417	42,224	43,335	43,119	44,016	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Convertible notes, net of discount feature
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,388	-	-	-	-
Conversion feature liability on convertible notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,127	-	-	0
Conversion feature liability on convertible notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-
Current portion of long term payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	2,401	1,514	1,485	1,456	1,441	1,401	1,367	1,321	1,292	-1,255	1,234	1,216	1,183	1,149	-	0
Total current liabilities
36,250	76,075	76,420	81,730	76,735	72,570	70,064	70,896	66,271	61,919	57,725	55,342	53,963	56,821	50,565	56,165	56,946	62,567	19,842	21,307	26,661	39,662	52,043	31,392	31,908	65,473	62,528	66,201	59,983	33,142	35,277	32,465	30,980	34,959	23,920	26,810
NONCURRENT LIABILITIES
Convertible notes, net of discount net of discount due to beneficial conversion feature
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	4,095
Conversion feature liability on convertible notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	6,438
Convertible note payable, net of unamortized debt discount
-	-	-	-	1,016	1,007	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,565	4,348	-
Conversion liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,920	6,766	-
Accrued interest on notes
368	326	62	20	40	18	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	341	314	419
Income tax payable
5,782	6,390	6,390	6,390	6,390	6,998	6,998	6,998	6,998	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax liability, net
-	-	-	-	-	-	-	2,119	-	9,436	9,233	9,026	1,968	2,578	3,018	10,691	10,771	11,078	-	-	13,302	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax liability, net
-	-	703	563	3,040	525	1,500	-	2,157	-	-	-	-	-	-	-	-	-	11,600	13,213	-	13,453	13,371	12,201	11,954	9,196	7,945	7,161	6,565	7,161	6,369	6,316	6,388	8,435	7,140	6,429
Notes payable, net of unamortized OID
1,552	1,829	2,018	2,006	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long term payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,216	1,606	1,989	2,385	2,729	3,078	3,381	3,711	-	-	-	-	298	293	-
Long term payable
430	424	436	445	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,008	4,343	4,683	4,999	5,265	-	0
Entrusted loan payable
286	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Refundable deposit from customers for systems leasing
544	537	552	564	1,034	1,032	1,073	1,129	1,086	1,069	1,048	1,029	1,023	1,063	1,070	1,563	1,555	1,587	1,652	1,644	1,650	1,641	1,153	1,154	1,164	1,154	841	590	588	583	584	587	587	-	-	286
Loans payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,166	18,187	37,278	42,752	58,724	63,114	44,876	47,514	42,034	18,862	6,506	8,092	10,049	12,091	13,562	16,126	19,859	20,790	3,776	3,708	2,264
Entrusted loan payable
-	-	-	-	-	-	-	-	-	0	295	289	288	299	15,381	15,786	15,707	16,034	62,483	62,192	62,428	62,088	62,085	62,092	62,654	62,134	-	-	0	31,304	31,383	31,536	31,503	34,382	33,762	32,992
Total noncurrent liabilities
8,964	9,507	10,164	9,991	11,522	9,582	9,572	10,247	10,242	10,506	10,576	10,345	3,280	3,941	19,470	30,208	46,221	65,979	118,488	135,775	140,496	123,464	140,224	119,471	97,021	98,202	19,958	21,183	22,957	56,620	58,807	62,983	64,269	64,516	67,276	61,897
Total liabilities
45,215	85,583	86,585	91,721	88,257	82,153	79,636	81,143	76,514	72,426	68,301	65,687	57,243	60,763	70,036	86,373	103,167	128,546	138,330	157,082	167,157	163,126	192,268	150,864	128,929	163,675	82,486	87,384	82,940	89,763	94,085	95,448	95,249	99,475	91,196	88,707
CONTINGENCIES AND COMMITMENTS (NOTE 19 & 20)
-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
STOCKHOLDERS' EQUITY
Common stock, $0.001 par value; 10,000,000 shares authorized, 2,032,721 shares and 1,029,528 shares issued and outstanding as of December 31, 2019 and 2018, respectively
2	16	16	13	1	8	8	8	8	8	8	8	8	8	8	83	8	83	83	83	83	83	60	60	60	52	50	50	50	50	46	46	46	43	39	39
Additional paid in capital
116,682	116,031	115,854	114,168	114,493	111,796	111,796	111,796	111,796	111,796	111,793	111,789	111,789	111,789	111,789	111,714	111,789	111,705	111,718	111,705	111,517	111,517	78,130	78,130	78,130	61,455	61,457	58,501	58,501	58,613	55,528	55,441	55,416	52,045	46,884	44,666
Shares to be issued
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	187	187	14,491	-	0	16,481	-	-	-	-	-	-	0	3,529	10,941	8,970
Statutory reserve
14,525	14,525	14,488	14,739	14,525	14,525	14,561	14,601	14,525	14,838	14,736	14,594	14,296	14,210	14,059	13,944	13,823	13,835	13,487	12,334	11,888	11,302	10,760	10,041	9,672	9,167	8,597	8,185	7,766	7,632	7,517	7,215	7,051	6,756	6,134	5,203
Accumulated other comprehensive loss
-6,132	-7,203	-4,717	-2,810	-4,620	-7,230	-1,119	7,265	860	-1,621	-5,911	-9,438	-8,415	-2,589	-493	4,279	3,210	7,492	16,206	15,193	15,987	14,856	14,735	14,796	16,209	14,863	13,914	11,879	11,554	10,527	10,821	11,407	11,284	10,488	8,434	6,083
Accumulated deficit
-46,447	-48,981	-44,843	-39,830	-37,675	24,239	26,738	28,131	28,321	86,177	86,319	86,092	35,893	36,130	34,591	84,634	84,661	84,933	82,015	71,888	68,199	63,452	59,227	53,357	50,603	46,904	43,307	39,985	37,107	35,675	37,195	36,272	34,414	38,424	27,978	17,622
Total Company stockholders' equity
78,629	74,388	80,798	86,279	86,723	143,340	151,985	161,804	155,513	211,199	206,946	203,046	153,572	159,548	159,955	214,655	213,493	218,049	223,510	211,205	207,863	201,212	163,212	156,707	154,676	132,443	127,327	123,111	119,355	112,498	111,109	110,384	108,212	107,758	89,471	73,615
Total Company stockholders' equity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	118,602	-	-	-	-	-	-	-	-
Noncontrolling interest
-	-	-	-	-3,544	-716	-653	-591	-478	-416	-316	-221	-132	-18	87	162	213	224	240	247	256	276	298	320	345	378	0	4,509	4,376	4,135	4,781	4,674	4,550	4,336	4,174	3,404
Total equity
78,629	74,388	80,798	86,279	83,179	142,623	151,332	161,212	155,034	210,782	206,630	202,824	153,439	159,529	160,043	214,818	213,706	218,274	223,751	211,452	208,119	201,489	162,914	156,386	155,021	132,821	127,327	-	114,979	116,633	115,891	115,058	112,763	112,095	93,646	77,020
TOTAL LIABILITIES AND EQUITY
123,845	159,972	167,383	178,001	171,436	224,777	230,969	242,355	231,548	283,208	274,932	268,512	210,683	220,292	230,079	301,192	316,874	346,821	362,082	368,535	375,277	364,616	355,480	307,571	283,950	296,497	209,813	210,496	202,296	206,397	209,976	210,507	208,013	211,571	184,842	165,728