| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | |||||||||
Sales of systems | |||||||||
- | - | - | - | 24,083 | - | - | - | - | - |
Sales of systems | |||||||||
- | - | - | - | - | 18,868 | 62,013 | 0 | 30,106 | 74,280 |
Contingent rental income | |||||||||
697 | 4,888 | 6,489 | 4,482 | 272 | 790 | 1,180 | 1,245 | 1,183 | 1,324 |
Total revenue | |||||||||
- | - | - | 4,482 | 24,355 | 19,659 | 63,193 | 1,245 | 31,289 | 75,605 |
Cost of systems and contingent rental income | |||||||||
- | - | - | 74 | 21,138 | 14,585 | 47,847 | - | 23,013 | 57,033 |
Total cost of sales | |||||||||
- | - | - | - | - | 14,585 | 47,847 | 0 | - | - |
Gross loss | |||||||||
- | - | - | 4,408 | 3,216 | 5,073 | 15,345 | 1,245 | 8,276 | 18,571 |
Interest income on sales-type leases | |||||||||
170 | 3,312 | 6,610 | 11,629 | 22,998 | 26,458 | 19,344 | 18,234 | 22,104 | 15,136 |
Total operating income | |||||||||
867 | 8,200 | 13,099 | 16,037 | 26,215 | - | - | - | 30,380 | 33,708 |
Total operating income | |||||||||
867 | 8,200 | 13,099 | 16,037 | 26,215 | 31,532 | 34,690 | 19,479 | 30,380 | 33,708 |
Operating expenses | |||||||||
Bad debts | |||||||||
5,386 | 32,210 | 1,744 | - | - | - | - | - | - | - |
Impairment loss on net investment receivable | |||||||||
- | - | - | 57,368 | - | - | - | - | - | - |
Impairment loss on fixed assets and construction in progress | |||||||||
876 | 28,429 | - | - | - | - | - | - | - | - |
Loss on disposal of systems | |||||||||
-1,242 | - | - | - | - | - | - | - | - | - |
General and administrative | |||||||||
2,469 | 5,548 | 5,548 | 4,531 | 2,308 | 3,494 | 4,160 | 2,693 | 4,738 | 6,340 |
Loss on project termination | |||||||||
- | - | - | - | - | - | - | 2,968 | - | - |
Total operating expenses | |||||||||
9,974 | 66,188 | 7,293 | 61,900 | 2,308 | 3,494 | 4,160 | 5,662 | - | - |
Loss from operations | |||||||||
-9,107 | -57,988 | 5,806 | -45,862 | 23,907 | 28,037 | 30,529 | 13,817 | 25,641 | 27,367 |
Non-operating income (expenses) | |||||||||
Changes in fair value of conversion feature liability | |||||||||
- | - | - | - | - | - | - | 1,127 | 11,772 | 0 |
Other income (expenses) | |||||||||
- | - | - | - | - | - | - | -247 | - | - |
Financial expense | |||||||||
- | - | - | - | - | - | - | - | 6 | 0 |
Loss on long-term notes redemption | |||||||||
-173 | - | - | - | - | - | - | - | - | - |
Interest income | |||||||||
159 | 153 | 143 | 129 | 161 | 192 | 226 | 199 | 110 | 52 |
Interest expense | |||||||||
2,101 | 8,738 | 5,564 | 7,178 | 3,217 | 3,431 | 6,718 | 9,246 | 19,271 | 2,728 |
Interest expense - inducement on note conversion | |||||||||
893 | - | - | - | - | - | - | - | - | - |
Loss on sale of construction in progress of Xuzhou Zhongtai | |||||||||
- | - | - | -2,775 | - | - | - | - | - | - |
Loss on systems repurchase from Yida | |||||||||
- | - | - | 410 | - | - | - | - | - | - |
Loss on sale of construction in progress of Tangshan Rongfeng | |||||||||
- | - | - | - | -3,780 | - | - | - | - | - |
Gain on systems repurchase from Jitie and Datong | |||||||||
- | - | - | - | 4,521 | - | - | - | - | - |
Loss on sale of construction in progress of Xuzhou Zhongtai | |||||||||
- | - | - | - | - | 0 | - | - | - | - |
Investment income | |||||||||
- | - | - | - | - | - | 0 | - | - | - |
Gain on systems repurchase from Jitie and Datong | |||||||||
- | - | - | - | - | 0 | - | - | - | - |
Changes in fair value of the liability | |||||||||
- | - | - | - | - | - | - | - | 5,441 | 2,809 |
Other income (expenses), net | |||||||||
319 | -0 | -15 | 520 | 20 | 1,037 | -1,335 | - | 133 | 0 |
Total non-operating expenses, net | |||||||||
-2,690 | -8,584 | -5,436 | -9,713 | -2,294 | -2,201 | -7,827 | -7,672 | -1,820 | 134 |
Loss before income tax | |||||||||
-11,797 | -66,573 | 369 | -55,576 | 21,612 | - | - | - | - | - |
Income before income tax | |||||||||
- | - | - | - | - | 25,836 | 22,702 | 6,144 | 23,821 | 27,501 |
Income tax (benefit) expense | |||||||||
-3,024 | 2,627 | 8,039 | -6,933 | 3,244 | 6,111 | 6,886 | 2,922 | 4,232 | 6,866 |
Loss before noncontrolling interest | |||||||||
-8,772 | -69,200 | -7,669 | -48,642 | 18,367 | 19,725 | 15,815 | 3,222 | 19,588 | 20,635 |
Less: loss attributable to noncontrolling interest | |||||||||
- | -3,203 | -327 | -347 | -29 | -86 | 186 | -184 | 948 | 1,793 |
Net loss attributable to China Recycling Energy Corporation | |||||||||
-8,772 | -65,996 | -7,342 | -48,295 | 18,397 | 19,811 | 15,629 | 3,406 | 18,639 | 18,842 |
Other comprehensive items | |||||||||
Foreign currency translation loss attributable to China Recycling Energy Corporation | |||||||||
-1,511 | -5,481 | 9,275 | -11,625 | -12,776 | -222 | 4,655 | 270 | 5,200 | 2,374 |
Foreign currency translation gain attributable to noncontrolling interest | |||||||||
- | -137 | 19 | 1 | -13 | -1 | 3 | 10 | 197 | 86 |
Comprehensive loss attributable to China Recycling Energy Corporation | |||||||||
-10,284 | -71,478 | 1,933 | -59,920 | 5,620 | 19,589 | 20,284 | 3,677 | 23,840 | 21,216 |
Comprehensive loss attributable to noncontrolling interest | |||||||||
- | -3,065 | -346 | -346 | -43 | -88 | - | - | - | - |
Basic and diluted weighted average shares outstanding | |||||||||
- | - | - | 8,310 | 8,308 | - | - | - | - | - |
Basic and diluted earnings / (loss) per share | |||||||||
- | - | - | -5.81 | 2.21 | - | - | - | - | - |
Comprehensive income (loss) attributable to noncontrolling interest | |||||||||
- | - | - | - | - | - | 189 | -174 | 1,145 | 1,880 |
Basic weighted average shares outstanding | |||||||||
1,564 | 865 | 8,310 | - | - | 69,627 | 53,850 | 47,560 | 42,454 | 38,837 |
Diluted weighted average shares outstanding | |||||||||
1,564 | 865 | 8,310 | - | - | 69,627 | 54,383 | 51,037 | 56,055 | 51,296 |
Basic loss per share | |||||||||
-5.61 | -76.22 | -0.88 | - | - | 0.28 | 0.29 | 0.07 | 0.44 | 0.49 |
Diluted loss per share | |||||||||
-5.61 | -76.22 | -0.88 | - | - | 0.28 | 0.29 | 0.07 | 0.34 | 0.38 |