Smart Powerr (CREG) 10-K 13 Apr 18 2017 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2017	Apr. 10, 2018	Jun. 30, 2017
Document and Entity Information [Abstract]
Entity Registrant Name	CHINA RECYCLING ENERGY CORP
Entity Central Index Key	721,693
Trading Symbol	CREG
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Type	10-K
Document Period End Date	Dec. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 10,886,359.38
Entity Common Stock, Shares Outstanding		8,310,198

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2017	Dec. 31, 2016
CURRENT ASSETS
Cash and equivalents	$ 49,830,243	$ 47,752,353
Notes receivable	979,462
Accounts receivable	13,369,655	12,593,340
Current portion of investment in sales-type leases, net	13,076,516	9,385,453
Interest receivable on sales type leases	9,869,357	4,621,491
Prepaid expenses	739,423	682,781
Other receivables	3,064,451	560,468
Total current assets	90,929,107	75,595,886
NON-CURRENT ASSETS
Investment in sales-type leases, net	100,628,588	101,706,978
Long term investment	514,896	641,897
Long term deposit	16,775	61,564
Property and equipment, net	11,957	12,558
Construction in progress	95,165,973	86,493,182
Total non-current assets	196,338,189	188,916,179
TOTAL ASSETS	287,267,296	264,512,065
CURRENT LIABILITIES
Accounts payable	3,229,163	1,506,924
Taxes payable	2,423,780	1,202,677
Accrued liabilities and other payables	1,618,316	1,596,580
Due to related parties	43,623	44,059
Loans payable - current		720,773
Interest payable on entrusted loans	8,131,256	224,090
Current portion of entrusted loan payable	50,825,375	47,570,996
Total current liabilities	66,271,513	52,866,099
NONCURRENT LIABILITIES
Income tax payable	6,998,625
Deferred tax liability, net	8,635,151	8,900,979
Refundable deposit from customers for systems leasing	1,086,591	1,023,497
Entrusted loan payable		288,309
Total noncurrent liabilities	16,720,367	10,212,785
Total liabilities	82,991,880	63,078,884
CONTINGENCIES AND COMMITMENTS
STOCKHOLDERS' EQUITY
Common stock, $0.001 par value; 20,000,000 shares authorized, 8,310,198 shares issued and outstanding	8,310	8,310
Additional paid in capital	111,796,813	111,789,166
Statutory reserve	14,733,361	14,473,924
Accumulated other comprehensive income	1,634,627	(10,544,426)
Retained earnings	76,580,942	85,838,638
Total Company stockholders' equity	204,754,053	201,565,612
Noncontrolling interest	(478,637)	(132,431)
Total equity	204,275,416	201,433,181
TOTAL LIABILITIES AND EQUITY	$ 287,267,296	$ 264,512,065

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2017	Dec. 31, 2016
Balance Sheets [Abstract]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	20,000,000	20,000,000
Common stock, shares issued	8,310,198	8,310,198
Common stock, shares outstanding	8,310,198	8,310,198

Consolidated Statements of Inco

Consolidated Statements of Income and Comprehensive Income (Loss) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Revenue
Sales of systems
Contingent rental income		6,645
Total revenue		6,645
Cost of sales
Cost of systems and contingent rental income		11,654
Gross loss		(5,009)
Interest income on sales-type leases	7,285,192	12,165,572
Total operating income	7,285,192	12,160,563
Operating expenses
Asset impairment loss	38,859	242,305
General and administrative	2,822,321	1,563,333
Total operating expenses	2,861,180	1,805,638
Income from operations	4,424,012	10,354,925
Non-operating income (expenses)
Interest income	143,606	129,762
Interest expense	(5,564,473)	(7,178,248)
Loss on sale of construction in progress of Xuzhou Zhongtai		(2,775,084)
Loss on systems repurchase from Yida		(410,905)
Other income (loss)	(15,802)	520,597
Total non-operating expenses, net	(5,436,669)	(9,713,878)
Income (loss) before income tax	(1,012,657)	641,047
Income tax expense (benefit)	8,312,749	(838,988)
Income (loss) before noncontrolling interest	(9,325,406)	1,480,035
Less: loss attributable to noncontrolling interest	(327,147)	(347,136)
Net income (loss) attributable to China Recycling Energy Corporation	(8,998,259)	1,827,171
Other comprehensive items
Foreign currency translation gain (loss) attributable to China Recycling Energy Corporation	12,179,053	(13,754,741)
Foreign currency translation gain (loss) attributable to noncontrolling interest	(19,059)	1,094
Comprehensive income (loss) attributable to China Recycling Energy Corporation	3,180,794	(11,927,570)
Comprehensive loss attributable to noncontrolling interest	$ (346,206)	$ (346,042)
Basic weighted average shares outstanding	8,310,198	8,310,198
Diluted weighted average shares outstanding	8,310,353	8,310,198
Basic earnings / (loss) per share	$ (1.08)	$ 0.22
Diluted earnings / (loss) per share	$ (1.08)	$ 0.22

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:
Income (loss) including noncontrolling interest	$ (9,325,406)	$ 1,480,035
Adjustments to reconcile income (loss) including noncontrolling interest to net cash provided by (used in) operating activities:
Changes in bad debt allowance	1,744,717
Depreciation and amortization	1,332	4,212
Stock option expense	7,647
Investment loss	176,481	258,817
Changes in deferred tax	(788,276)	(2,737,993)
Asset impairment loss	38,859	242,305
Loss on systems repurchase from Yida		410,905
Loss on sales of construction in progress of Xuzhou Zhongtai		2,775,084
Changes in assets and liabilities:
Interest receivable on sales type leases	(4,803,020)	(4,283,517)
Collection of principal on sales type leases	2,315,517	19,955,404
Prepaid expenses	(14,083)	440,292
Accounts receivable		1,902,955
Other receivables	(2,343,249)	(52,387)
Notes receivable	(947,894)
Construction in progress	(3,233,251)	19,830,172
Accounts payable	1,576,876	1,044,149
Taxes payable	8,128,237	221,314
Interest payable on entrusted loan	7,638,951	(28,751)
Accrued liabilities and other payables	(458,541)	(1,948,785)
Net cash provided by (used in) operating activities	(285,103)	39,514,211
CASH FLOWS FROM INVESTING ACTIVITIES:
Changes of restricted cash		1,105,039
Net cash provided by investing activities		1,105,039
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of loans	(740,542)	(30,576,758)
Repayment of notes payable		(993,632)
Net cash used in financing activities	(740,542)	(31,570,390)
EFFECT OF EXCHANGE RATE CHANGE ON CASH AND EQUIVALENTS	3,103,535	(3,045,895)
NET INCREASE IN CASH AND EQUIVALENTS	2,077,890	6,002,965
CASH AND EQUIVALENTS, BEGINNING OF YEAR	47,752,353	41,749,388
CASH AND EQUIVALENTS, END OF YEAR	49,830,243	47,752,353
Supplemental cash flow data:
Income tax paid	1,815,010	1,228,167
Interest paid	$ 14,614	$ 9,864,832

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($)	Total	Common stock	Paid in capital	Statutory reserves	Other comprehensive income (loss)	Retained earning	Noncontrolling interest
Balance at Dec. 31, 2015	$ 213,493,182	$ 8,310	$ 111,789,166	$ 13,823,789	$ 3,210,315	$ 84,661,602	$ 213,611
Balance, shares at Dec. 31, 2015		8,310,198
Net income for year	1,827,171					1,827,171	(347,136)
Transfer to statutory reserves				650,135		(650,135)
Foreign currency translation loss	(13,754,741)				(13,754,741)		1,094
Balance at Dec. 31, 2016	201,565,612	$ 8,310	111,789,166	14,473,924	(10,544,426)	85,838,638	(132,431)
Balance, shares at Dec. 31, 2016		8,310,198
Net income for year	(8,998,259)					(8,998,259)	(327,147)
Stock options issued	7,647		7,647
Transfer to statutory reserves				259,437		(259,437)
Foreign currency translation loss	12,179,053				12,179,053		(19,059)
Balance at Dec. 31, 2017	$ 204,754,053	$ 8,310	$ 111,796,813	$ 14,733,361	$ 1,634,627	$ 76,580,942	$ (478,637)
Balance, shares at Dec. 31, 2017		8,310,198

Organization and Description of

Organization and Description of Business	12 Months Ended
	Dec. 31, 2017
Organization and Description of Business [Abstract]
ORGANIZATION AND DESCRIPTION OF BUSINESS	1. ORGANIZATION AND DESCRIPTION OF BUSINESS China Recycling Energy Corporation (the “Company” or “CREG”) was incorporated on May 8, 1980 as Boulder Brewing Company under the laws of the State of Colorado. On September 6, 2001, the Company changed its state of incorporation to the Nevada. In 2004, the Company changed its name from Boulder Brewing Company to China Digital Wireless, Inc. and on March 8, 2007, again changed its name from China Digital Wireless, Inc. to its current name, China Recycling Energy Corporation. The Company, through its subsidiaries, provides energy saving solutions and services, including selling and leasing energy saving systems and equipment to customers, project investment, investment management, economic information consulting, technical services, financial leasing, purchase of financial leasing assets, disposal and repair of financial leasing assets, consulting and ensuring of financial leasing transactions in the Peoples Republic of China (“PRC”). Erdos TCH – Joint Venture On April 14, 2009, the Company formed a joint venture (the “JV”) with Erdos Metallurgy Co., Ltd. (“Erdos”) to recycle waste heat from Erdos’ metal refining plants to generate power and steam to be sold back to Erdos. The name of the JV was Inner Mongolia Erdos TCH Energy Saving Development Co., Ltd. (“Erdos TCH”) with a term of 20 years. Total investment for the project was estimated at $79 million (RMB 500 million) with an initial investment of $17.55 million (RMB 120 million). Erdos contributed 7% of the total investment of the project, and Xi’an TCH Energy Technology Co., Ltd. (“Xi’an TCH”) contributed 93%. According to the parties’ agreement on profit distribution, Xi’an TCH and Erdos will receive 80% and 20%, respectively, of the profit from the JV until Xi’an TCH receives the complete return of its investment. Xi’an TCH and Erdos will then receive 60% and 40%, respectively, of the profit from the JV. On June 15, 2013, Xi’an TCH and Erdos entered into a share transfer agreement, pursuant to which Erdos sold its 7% ownership interest in the JV to Xi’an TCH for $1.29 million (RMB 8 million), plus certain accumulated profits as described below. Xi’an TCH paid the $1.29 million in July 2013 and, as a result, became the sole stockholder of the JV. In addition, Xi’an TCH paid Erdos accumulated profits from inception up to June 30, 2013 in accordance with a supplementary agreement entered on August 6, 2013. In August 2013, Xi’an TCH paid 20% of the accumulated profit (calculated under PRC GAAP) of $226,000 to Erdos. Erdos TCH currently has two power generation systems in Phase I with a total of 18 MW power capacity, and three power generation systems in Phase II with a total of 27 MW power capacity. On April 28, 2016, Erdos TCH and Erdos entered into a supplemental agreement, effective on May 1, 2016, whereby Erdos TCH cancelled monthly minimum lease payments from Erdos, and charges Erdos based on actual electricity sold at RMB 0.30 / KWH. The selling price of each KWH is determined annually based on prevailing market conditions. Pucheng Biomass Power Generation Projects On June 29, 2010, Xi’an TCH entered into a Biomass Power Generation (“BMPG”) Project Lease Agreement with PuchengXinHeng Yuan Biomass Power Generation Co., Ltd. (“Pucheng”), a limited liability company incorporated in China. Under this lease agreement, Xi’an TCH leased a set of 12 MW BMPG systems to Pucheng at a minimum of $279,400 (RMB 1,900,000) per month for 15 years. On September 11, 2013, Xi’an TCH entered into a BMPG Asset Transfer Agreement (the “Pucheng Transfer Agreement”) with Pucheng. The Pucheng Transfer Agreement provided for the sale by Pucheng to Xi’an TCH of a set of 12 MW BMPG systems with completion of system transformation for RMB 100 million ($16.48 million) in the form of 8,766,547 shares of common stock of the Company at $1.87 per share. These shares were issued to Pucheng on October 29, 2013. Also on September 11, 2013, Xi’an TCH entered into a BMPG Project Lease Agreement with Pucheng (the “Pucheng Lease”). Under the Pucheng Lease, Xi’an TCH leases this same set of 12 MW BMPG system to Pucheng, and combined this lease with the lease for the 12 MW BMPG station of Pucheng Phase I project, under a single lease to Pucheng for RMB 3.8 million ($0.63 million) per month (the “Pucheng Phase II Project”). The term for the combined lease is from September 2013 to June 2025. The lease agreement for the 12 MW station from Pucheng Phase I project terminated upon the effective date of the Pucheng Lease. The ownership of two 12 MW BMPG systems will transfer to Pucheng at no additional charge when the Pucheng Lease expires. Shenqiu Yuneng Biomass Power Generation Projects On May 25, 2011, Xi’an TCH entered into a Letter of Intent with ShenqiuYuNeng Thermal Power Co., Ltd. (“Shenqiu”) to reconstruct and transform a Thermal Power Generation System owned by Shenqiu into a 75T/H BMPG System for $3.57 million (RMB 22.5 million). The project commenced in June 2011 and was completed in the third quarter of 2011. On September 28, 2011, Xi’an TCH entered into a BMPG Asset Transfer Agreement with Shenqiu (the “Shenqiu Transfer Agreement”). Pursuant to the Shenqiu Transfer Agreement, Shenqiu sold Xi’an TCH a set of 12 MW BMPG systems (after Xi’an TCH converted the system for BMPG purposes). As consideration for the BMPG systems, Xi’an TCH agreed to pay Shenqiu $10,937,500 (RMB 70 million) in cash in three installments within six months upon the transfer of ownership of the systems. By the end of 2012, all the consideration was paid. On September 28, 2011, Xi’an TCH and Shenqiu also entered into a BMPG Project Lease Agreement (the “2011 Shenqiu Lease”). Under the 2011 Shenqiu Lease, Xi’an TCH agreed to lease a set of 12 MW BMPG systems to Shenqiu at a monthly rental rate of $286,000 (RMB 1,800,000) for 11 years. Upon expiration of the 2011 Shenqiu Lease, ownership of this system will transfer from Xi’an TCH to Shenqiu at no additional cost. In connection with the 2011 Shenqiu Lease, Shenqiu paid one month’s rent as a security deposit to Xi’an TCH, in addition to providing personal guarantees. On October 8, 2012, Xi’an TCH entered into a Letter of Intent for technical reformation of Shenqiu Project Phase II with Shenqiu for technical reformation to enlarge the capacity of the Shenqiu Project Phase I (the “Shenqiu Phase II Project”). The technical reformation involved the construction of another 12 MW BMPG system. After the reformation, the generation capacity of the power plant increased to 24 MW. The project commenced on October 25, 2012 and was completed during the first quarter of 2013. The total cost of the project was $11.1 million (RMB 68 million). On March 30, 2013, Xi’an TCH and Shenqiu entered into a BMPG Project Lease Agreement (the “2013 Shenqiu Lease”). Under the 2013 Shenqiu Lease, Xi’an TCH agreed to lease the second set of 12 MW BMPG systems to Shenqiu for $239,000 (RMB 1.5 million) per month for 9.5 years. When the 2013 Shenqiu Lease expires, ownership of this system will transfer from Xi’an TCH to Shenqiu at no additional cost. Yida Coke Oven Gas Power Generation Projects On June 28, 2014, Xi’an TCH entered into an Asset Transfer Agreement (the “Transfer Agreement”) with Qitaihe City Boli Yida Coal Selection Co., Ltd. (“Yida”), a limited liability company incorporated in China. The Transfer Agreement provided for the sale to Xi’an TCH of a 15 MW coke oven gas power generation station, which had been converted from a 15 MW coal gangue power generation station from Yida. As consideration for the Transfer Asset, Xi’an TCH was to pay to Yida RMB 115 million ($18.69 million) in the form of the common stock shares of the Company at the average closing price per share of the Stock for the 10 trading days prior to the closing date of the transaction ($2.27 per share). The exchange rate between the US Dollar and Chinese RMB in connection with the stock issuance is the rate equal to the middle rate published by the People’s Bank of China on the closing date of the assets transfer. Accordingly, the Company issued 8,233,779 shares (the “Shares”) for the Yida 15 MW coke oven gas power generation station, the fair value of 8,233,779 shares was $14.49 million based on the stock price at the agreement date ($1.76 per share), and was the cost of the power generation station. On June 28, 2014, Xi’an TCH also entered into a Coke Oven Gas Power Generation Project Lease Agreement (the “Lease Agreement”) with Yida. Under the Lease Agreement, Xi’an TCH leased the Transfer Asset to Yida for RMB 3 million ($0.49 million) per month, and the term of the lease is from June 28, 2014 to June 27, 2029. Yida provided an RMB 3 million ($0.49 million) security deposit (without interest) for the lease. Xi’an TCH will transfer the Transfer Asset back to Yida at no cost at the end of the lease term. On June 22, 2016, Xi’an TCH entered into a Coal Oven Gas Power Generation Project Repurchase Agreement (the “Repurchase Agreement”) with Yida. Under the Repurchase Agreement, Xi’an TCH agreed to transfer to Yida all the project assets for RMB 112,000,000 ($16.89 million) (the “Transfer Price”) with Yida’s retention of ownership of the Shares. Yida agreed to make the following payments: (i) the outstanding monthly leasing fees for April and May 2016 in total of RMB 6,000,000 ($0.90 million) to Xi’an TCH within five business days from the execution of the Repurchase Agreement; (ii) a payment of RMB 50,000,000 ($7.54 million) of the Transfer Price to Xi’an TCH within five business days from the execution of the Repurchase Agreement; and (iii) a payment of the remaining RMB 62,000,000 ($9.35 million) of the Transfer Price to Xi’an TCH within 15 business days from the execution of the Repurchase Agreement. Under the Repurchase Agreement, ownership of the project assets will transfer from Xi’an TCH to Yida within three business days after Xi’an TCH receives the full Transfer Price and the outstanding monthly leasing fees. In July 2016, the Company received the full payment of the Transfer Price and title to the system was transferred at that time. The Company recorded a $0.42 million loss from this transaction in 2016. The Fund Management Company On June 25, 2013, Xi’an TCH and HongyuanHuifu Venture Capital Co. Ltd. (“HongyuanHuifu”) jointly established Hongyuan Recycling Energy Investment Management Beijing Co., Ltd. (the “Fund Management Company”) with registered capital of RMB 10 million ($1.45 million). Xi’an TCH made an initial capital contribution of RMB 4 million ($650,000) and has a 40% ownership interest in the Fund Management Company. With respect to the Fund Management Company, voting rights and dividend rights are allocated 80% and 20% between HongyuanHuifu and Xi’an TCH, respectively. The Fund Management Company is the general partner of Beijing Hongyuan Recycling Energy Investment Center, LLP (the “HYREF Fund”), a limited liability partnership established on July 18, 2013 in Beijing. The Fund Management Company made an initial capital contribution of RMB 5 million ($830,000) to the HYREF Fund. An initial total of RMB 460 million ($77 million) was fully subscribed by all partners for the HYREF Fund. The HYREF Fund has three limited partners: (1) China Orient Asset Management Co., Ltd., which made an initial capital contribution of RMB 280 million ($46.67 million) to the HYREF Fund and is a preferred limited partner; (2) HongyuanHuifu, which made an initial capital contribution of RMB 100 million ($16.67 million) to the HYREF Fund and is an ordinary limited partner; and (3) the Company’s wholly-owned subsidiary, Xi’an TCH, which made an initial capital contribution of RMB 75 million ($12.5 million) to the HYREF Fund and is a secondary limited partner. The term of the HYREF Fund’s partnership is six years from the date of its establishment, expiring July 18, 2019. The term is four years from the date of contribution for the preferred limited partner, and four years from the date of contribution for the ordinary limited partner. The total size of the HYREF Fund is RMB 460 million ($76.66 million). The HYREF Fund was formed for the purpose of investing in Xi’an Zhonghong New Energy Technology Co., Ltd., a 90% owned subsidiary of Xi’an TCH, for the construction of two coke dry quenching (“CDQ”) WHPG stations with Jiangsu Tianyu Energy and Chemical Group Co., Ltd. (“Tianyu”) and one CDQ WHPG station with Boxing County Chengli Gas Supply Co., Ltd. (“Chengli”). Chengli Waste Heat Power Generation Projects On July 19, 2013, Xi’an TCH formed a new company, “Xi’an Zhonghong New Energy Technology Co., Ltd.” (“Zhonghong”), with registered capital of RMB 30 million ($4.85 million). Xi’an TCH paid RMB 27 million ($4.37 million) and owns 90% of Zhonghong. Zhonghong is engaged to provide energy saving solution and services, including constructing, selling and leasing energy saving systems and equipment to customers. On July 24, 2013, Zhonghong entered into a Cooperative Agreement of CDQ and CDQ WHPG Project with Boxing County Chengli Gas Supply Co., Ltd. (“Chengli”). The parties entered into a supplement agreement on July 26, 2013. Pursuant to these agreements, Zhonghong will design, build and maintain a 25 MW CDQ system and a CDQ WHPG system to supply power to Chengli, and Chengli will pay energy saving fees (the “Chengli Project”). Chengli will contract the operation of the system to a third-party contractor that is mutually agreed to by Zhonghong. In addition, Chengli will provide the land for the CDQ system and CDQ WHPG system at no cost to Zhonghong. The term of the Agreements is for 20 years. The watt hours generated by the Chengli Project will be charged at RMB 0.42 ($0.068) per kilowatt hour (excluding tax). The operating time shall be based upon an average 8,000 hours annually. If the operating time is less than 8,000 hours per year due to a reason attributable to Chengli, then time charged shall be 8,000 hours a year, and if it is less than 8,000 hours due to a reason attributable to Zhonghong, then it shall be charged at actual operating hours. The construction of the Chengli Project was completed in the second quarter of 2015 and the project successfully completed commissioning tests in the first quarter of 2017. The Chengli Project is now operational, but will not begin operations until the Company receives the required power generating license, which the Company anticipates receiving in the second quarter of 2018. When operations begin, Chengli shall ensure its coking production line works properly and that working hours for the CDQ system are at least 8,000 hours per year, and Zhonghong shall ensure that working hours for the CDQ WHPG system are at least 7,200 hours per year. On July 22, 2013, Zhonghong entered into an Engineering, Procurement and Construction (“EPC”) General Contractor Agreement for the Boxing County Chengli Gas Supply Co., Ltd. CDQ Power Generation Project (the “Chengli Project”) with Xi’an Huaxin New Energy Co., Ltd. (“Huaxin”). Zhonghong, as the owner of the Chengli Project, contracted EPC services for a CDQ system and a 25 MW CDQ WHPG system for Chengli from Huaxin. Huaxin shall provide construction, equipment procurement, transportation, installation and adjustment, test run, construction engineering management and other necessary services to complete the Huaxin Project and ensure the CDQ system and CDQ WHPG system for Chengli meet the inspection and acceptance requirements and work normally. The Chengli Project is a turn-key project where Huaxin is responsible for monitoring the quality, safety, duration and cost of the Chengli Project. The total contract price is RMB 200 million ($33.34 million), which includes all the materials, equipment, labor, transportation, electricity, water, waste disposal, machinery and safety costs. Tianyu Waste Heat Power Generation Project On July 19, 2013, Zhonghong entered into a Cooperative Agreement (the “Tianyu Agreement”) for Energy Management of CDQ and CDQ WHPG Project with Jiangsu Tianyu Energy and Chemical Group Co., Ltd. (“Tianyu”). Pursuant to the Tianyu Agreement, Zhonghong will design, build, operate and maintain two sets of 25 MW CDQ systems and CDQ WHPG systems for two subsidiaries of Tianyu – Xuzhou Tian’an Chemical Co., Ltd. (“Xuzhou Tian’an”) and Xuzhou Huayu Coking Co., Ltd. (“Xuzhou Huayu”)– to be located at Xuzhou Tian’an and Xuzhou Huayu’s respective locations (the “Tianyu Project”). Upon completion of the Tianyu Project, Zhonghong will charge Tianyu an energy saving fee of RMB 0.534 ($0.087) per kilowatt hour (excluding tax). The operating time will be based upon an average 8,000 hours annually for each of Xuzhou Tian’an and Xuzhou Huayu. If the operating time is less than 8,000 hours per year due to a reason attributable to Tianyu, then time charged will be 8,000 hours a year. Because of the control of the overcapacity and pollution of the iron and steel and related industries, the government has imposed production limitations for the energy-intensive enterprises with heavy pollution, including Xuzhou Tian’an. Xuzhou Tian’an has slowed the construction process for its dry quenching production line which caused the delay of our project. The term of the Tianyu Agreement is 20 years. The construction of the Xuzhou Tian’an Project is anticipated to be completed by the third quarter of 2018. Xuzhou Tian’an will provide the land for the CDQ and CDQ WHPG systems for free. Xuzhou Tian’an also guarantees that it will purchase all the power generated by the CDQ WHPG systems. The Xuzhou Huayu Project is currently on hold due to a conflict between Xuzhou Huayu Coking Co., Ltd. and local residents on certain pollution-related issues. The local government has acted in its capacity to coordinate the resolution of this issue. The local residents were requested to move from the hygienic buffer zone of the project location with compensatory payments from the government. Xuzhou Huayu was required to stop production and implement technical innovations to mitigate pollution discharge including sewage treatment, dust collection, noise control, and recycling of coal gas. Currently, some local residents have moved. Xuzhou Huayu has completed the implementation of the technical innovations of sewage treatment, dust collection, and noise control, and the Company is waiting for local governmental agencies to approve these technical innovations so that we can resume construction. We expect to complete the recycling of coal gas in the second quarter of 2018. Once Huayu obtains the government’s acceptance and approval of the technical innovations, the project will resume. On July 22, 2013, Zhonghong entered into an EPC General Contractor Agreement for the Tianyu Project with Xi’an Huaxin New Energy Co., Ltd. (“Huaxin”). Zhonghong, as the owner of the Tianyu Project, contracted EPC services for two CDQ systems and two 25 MW CDQ WHPG systems for Tianyu to Huaxin. Huaxin shall provide construction, equipment procurement, transportation, installation and adjustment, test run, construction engineering management and other necessary services to complete the Tianyu Project and ensure the CDQ and CDQ WHPG systems for Tianyu meet the inspection and acceptance requirements and work normally. The Tianyu Project is a turn-key project where Huaxin is responsible for monitoring the quality, safety, duration and cost of the project. The total contract price is RMB 400 million ($66.68 million), which includes all the materials, equipment, labor, transportation, electricity, water, waste disposal, machinery and safety costs. Zhongtai Waste Heat Power Generation Energy Management Cooperative Agreement On December 6, 2013, Xi’an entered into a CDQ and WHPG Energy Management Cooperative Agreement (the “Zhongtai Agreement”) with Xuzhou Zhongtai Energy Technology Co., Ltd. (“Zhongtai”), a limited liability company incorporated in Jiangsu Province, China. Pursuant to the Zhongtai Agreement, Xi’an TCH will design, build and maintain a 150 ton per hour CDQ system and a 25 MW CDQ WHPG system and sell the power to Zhongtai, and Xi’an TCH will also build a furnace to generate steam from the waste heat of the smoke pipeline and sell the steam to Zhongtai. The construction period of the Project is expected to be 18 months from the date when conditions are ready for construction to begin. Zhongtai will start to pay an energy saving service fee from the date when the WHPG station passes the required 72-hour test run. The payment term is 20 years. For the first 10 years, Zhongtai shall pay an energy saving fee at RMB 0.534 ($0.089) per kilowatt hour (KWH) (including value added tax) for the power generated from the system. For the second 10 years, Zhongtai shall pay an energy saving fee at RMB 0.402 ($0.067) per KWH (including value added tax). During the term of the contract the energy saving fee shall be adjusted at the same percentage as the change of local grid electricity price. Zhongtai shall also pay an energy saving fee for the steam supplied by Xi’an TCH at RMB 100 ($16.67) per ton (including value added tax). Zhongtai and its parent company will provide guarantees to ensure Zhongtai will fulfill its obligations under the Agreement. Upon the completion of the term, Xi’an TCH will transfer the systems to Zhongtai at RMB 1 ($0.16). Zhongtai shall provide waste heat to the systems for no less than 8,000 hours per year and waste gas volume no less than 150,000 Normal Meter Cubed (Nm3) per hour with a temperature no less than 950°C. If these requirements are not met, the term of the Agreement will be extended accordingly. If Zhongtai wants to terminate the Zhongtai Agreement early, it shall provide Xi’an TCH a 60 day notice and pay the termination fee and compensation for the damages to Xi’an TCH according to the following formula: (1) if it is less than five years into the term when Zhongtai requests termination, Zhongtai shall pay: Xi’an TCH’s total investment amount plus Xi’an TCH’s annual investment return times five years minus the years in which the system has already operated; or 2) if it is more than five years into the term when Zhongtai requests the termination, Zhongtai shall pay: Xi’an TCH’s total investment amount minus total amortization cost (the amortization period is 10 years). In March 2016, Xi’an TCH entered into a Transfer Agreement of CDQ and a CDQ WHPG system with Zhongtai and Xi’an Huaxin (the “Transfer Agreement”). Under the Transfer Agreement, Xi’an TCH agreed to transfer to Zhongtai all of the assets associated with the CDQ Waste Heat Power Generation Project (the “Project”), which is under construction pursuant to the Zhongtai Agreement. Additionally, Xi’an TCH agreed to transfer to Zhongtai the Engineering, Procurement and Construction (“EPC”) Contract for the CDQ Waste Heat Power Generation Project which Xi’an TCH had entered into with Xi’an Huaxin in connection with the Project. Xi’an Huaxin will continue to construct and complete the Project and Xi’an TCH agreed to transfer all its rights and obligation under the EPC Contract to Zhongtai. As consideration for the transfer of the Project, Zhongtai agreed to pay to Xi’an TCH an aggregate transfer price of RMB 167,360,000 ($25.77 million) including payments of: (i) RMB 152,360,000 ($23.46 million) for the construction of the Project; and (ii) RMB 15,000,000 ($2.31 million) as payment for partial loan interest accrued during the construction period. Those amounts have been, or will be, paid by Zhongtai to Xi’an TCH according to the following schedule: (a) RMB 50,000,000 ($7.70 million) was paid within 20 business days after the Transfer Agreement was signed; (b) RMB 30,000,000 ($4.32 million) was paid within 20 business days after the Project is completed, but no later than July 30, 2016; and (c) RMB 87,360,000 ($13.45 million) will be paid no later than July 30, 2017. Xuzhou Taifa Special Steel Technology Co., Ltd. (“Xuzhou Taifa”) guaranteed the payments from Zhongtai to Xi’an TCH. The ownership of the Project was conditionally transferred to Zhongtai following the initial payment of RMB 50,000,000 ($7.70 million) by Zhongtai to Xi’an TCH and the full ownership of the Project will be officially transferred to Zhongtai after it completes all payments pursuant to the Transfer Agreement. As of September 30, 2017, Xi’an TCH had received the first payment of $7.70 million and the second payment of $4.32 million. The Company recorded a $2.82 million loss from this transaction in 2016. As of the date of this report, the Company has not yet received the remaining payment of RMB 87,360,000 ($13.45 million). However, the Company received a repayment commitment letter from Zhongtai on February 23, 2018, in which Zhongtai committed to pay the remaining payment of RMB 87,360,000 ($13.45 million) no later than the end of July 2018. Rongfeng CDQ Power Generation Energy Management Cooperative Agreement On December 12, 2013, Xi’an TCH entered into a CDQ Power Generation Energy Management Cooperative Agreement with Tangshan Rongfeng Iron & Steel Co., Ltd. (the “Rongfeng Agreement”), a limited liability company incorporated in Hebei Province, China. Pursuant to the Rongfeng Agreement, Xi’an TCH will design, build and maintain a CDQ and a CDQ WHPG system and sell the power to Rongfeng. The construction period of the Project is expected to be 18 months after the Agreement takes effect and from the date when conditions are ready for construction to begin. Rongfeng will pay an energy saving fee from the date when the WHPG station passes the required 72-hour test run. The payment term is 20 years. For the first 10 years, Rongfeng shall pay an energy saving fee at RMB 0.582 ($0.095) per KWH (including tax) for the power generated from the system. For the second 10 years, Rongfeng shall pay an energy saving fee at RMB 0.432 ($0.071) per KWH (including tax). During the term of the contract the energy saving fee shall be adjusted at the same percentage as the change of local grid electricity price. Rongfeng and its parent company will provide guarantees to ensure Rongfeng will fulfill its obligations under the Rongfeng Agreement. Upon the completion of the term, Xi’an TCH will transfer the systems to Rongfeng at RMB 1. Rongfeng shall provide waste heat to the systems for no less than 8,000 hours per year with a temperature no less than 950°C. If these requirements are not met, the term of the Agreement will be extended accordingly. If Rongfeng wants to terminate the Agreement early, it shall provide Xi’an TCH a 60 day notice and pay the termination fee and compensation for the damages to Xi’an TCH according to the following formula: 1) if it is less than five years (including five years) into the term when Rongfeng requests termination, Rongfeng shall pay: Xi’an TCH’s total investment amount plus Xi’an TCH’s average annual investment return times (five years minus the years of which the system has already operated); 2) if it is more than five years into the term when Rongfeng requests the termination, Rongfeng shall pay: Xi’an TCH’s total investment amount minus total amortization cost (the amortization period is 10 years). On November 16, 2015, Xi’an TCH entered into a Transfer Agreement of CDQ and a CDQ WHPG system with Rongfeng and Xi’an Huaxin New Energy Co., Ltd., a limited liability company incorporated in China (“Xi’an Huaxin”). The Transfer Agreement provided for the sale to Rongfeng of the CDQ Waste Heat Power Generation Project (the “Project”) from Xi’an TCH. Additionally, Xi’an TCH would transfer to Rongfeng the Engineering, Procurement and Construction (“EPC”) Contract for the CDQ Waste Heat Power Generation Project which Xi’an TCH had entered into with Xi’an Huaxin in connection with the Project. As consideration for the transfer of the Project, Rongfeng is to pay to Xi’an TCH an aggregate purchase price of RMB 165,200, 000 ($25.45 million), over several installments. Mr. Cheng Li, the largest stockholder of Rongfeng, has personally guaranteed the payments. The ownership of the Project was conditionally transferred to Rongfeng within 3 business days following the initial payment of RMB 65,200,000 ($10.05 million) by Rongfeng to Xi’an TCH and the full ownership of the Project will be officially transferred to Rongfeng after it completes the entire payment pursuant to the Transfer Agreement. The Company recorded a $3.78 million loss from this transaction in 2015. The Company received full payment of $25.45 million in 2016. Formation of Zhongxun On March 24, 2014, Xi’an TCH incorporated a new subsidiary, Zhongxun Energy Investment (Beijing) Co., Ltd (“Zhongxun”) with registered capital of $5,695,502 (RMB 35,000,000), which must be contributed before October 1, 2028. Zhongxun is 100% owned by Xi’an TCH and will be mainly engaged in project investment, investment management, economic information consulting, and technical services. Zhongxun has not yet commenced operations as of the date of this report. Formation of Yinghua On February 11, 2015, the Company incorporated a new subsidiary, Shanghai Yinghua Financial Leasing Co., Ltd (“Yinghua”) with registered capital of $30,000,000, to be paid within 10 years from the date the business license is issued. Yinghua is 100% owned by the Company and will be mainly engaged in financial leasing, purchase of financial leasing assets, disposal and repair of financial leasing assets, consulting and ensuring of financial leasing transactions, and related factoring business. Yinghua has not yet commenced operations as of the date of this report. Summary of Sales-Type Lease at December 31, 2017 Status at December 31, 2017 As of December 31, 2017, Xi’an TCH leases the following systems: (i) BMPG systems to Pucheng Phase I and II (15 and 11-year terms, respectively); (ii) BMPG systems to Shenqiu Phase I (11-year term); and (iii) Shenqiu Phase II (9.5-year term). In addition, as of December 31, 2017, Erdos TCH leased power and steam generating systems for recycling waste heat from metal refining to Erdos (five systems) for a term of 20 years. Asset Repurchase Agreement During the years ended December 31, 2017 and 2016, the Company entered into the following Asset Repurchase Agreements: In March 2016, Xi’an TCH entered into a Transfer Agreement of CDQ and a CDQ WHPG system with Zhongtai and Xi’an Huaxin (the “Transfer Agreement”). Under the Transfer Agreement, Xi’an TCH agreed to transfer to Zhongtai all of the assets associated with the CDQ Waste Heat Power Generation Project (the “Project”), which is under construction pursuant to the Zhongtai Agreement. Additionally, Xi’an TCH agreed to transfer to Zhongtai the Engineering, Procurement and Construction (“EPC”) Contract for the CDQ Waste Heat Power Generation Project which Xi’an TCH had entered into with Xi’an Huaxin in connection with the Project. Xi’an Huaxin will continue to construct and complete the Project and Xi’an TCH agreed to transfer all its rights and obligation under the “EPC” Contract to Zhongtai. As consideration for the transfer of the Project, Zhongtai agreed to pay to Xi’an TCH an aggregate transfer price of RMB 167,360,000 ($25.77 million) including payments of: (i) RMB 152,360,000 ($23.46 million) for the construction of the Project; and (ii) RMB 15,000,000 ($2.31 million) as payment for partial loan interest accrued during the construction period. Those amounts have been, or will be, paid by Zhongtai to Xi’an TCH according to the following schedule: (a) RMB 50,000,000 ($7.70 million) was paid within 20 business days after the Transfer Agreement was signed; (b) RMB 30,000,000 ($4.32 million) was paid within 20 business days after the Project is completed, but no later than July 30, 2016; and (c) RMB 87,360,000 ($13.45 million) will be paid no later than July 30, 2017. Xuzhou Taifa Special Steel Technology Co., Ltd. (“Xuzhou Taifa”) has guaranteed the payments from Zhongtai to Xi’an TCH. The ownership of the Project was conditionally transferred to Zhongtai following the initial payment of RMB 50,000,000 ($7.70 million) by Zhongtai to Xi’an TCH and the full ownership of the Project will be officially transferred to Zhongtai after it completes all payments pursuant to the Transfer Agreement. As of September 30, 2017, Xi’an TCH had received the first payment of $7.70 million and the second payment of $4.32 million. The Company recorded a $2.82 million loss from this transaction in 2016. As of this report date, the Company has not yet received the remaining payment of RMB 87,360,000 ($13.45 million) due to the tight cash flow of Zhongtai; the Company received a repayment commitment letter from Zhongtai in February

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2017
Summary of Significant Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The financial statements included herein were prepared by the Company, pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The information furnished herein reflects all adjustments (consisting of normal recurring accruals and adjustments) that are, in the opinion of management, necessary to fairly present the operating results for the respective periods. Certain information and footnote disclosures normally present in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) were omitted pursuant to such rules and regulations. Basis of Consolidation The consolidated financial statements (“CFS”) include the accounts of CREG and its subsidiaries, Shanghai Yinghua Financial Leasing Co., Ltd. (“Yinghua”) and Sifang Holdings, Sifang Holdings’ wholly owned subsidiaries, Huahong New Energy Technology Co., Ltd. (“Huahong”) and Shanghai TCH, Shanghai TCH’s wholly-owned subsidiary, Xi’an TCH Energy Tech Co., Ltd. (“Xi’an TCH”) and Xi’an TCH’s subsidiaries, Erdos TCH Energy Saving Development Co., Ltd (“Erdos TCH”), 100% owned by Xi’an TCH (See note 1), Zhonghong, 90% owned by Xi’an TCH, and Zhongxun, 100% owned by Xi’an TCH. Substantially all the Company’s revenues are derived from the operations of Shanghai TCH and its subsidiaries, which represent substantially all the Company’s consolidated assets and liabilities as December 31, 2017 and 2016, respectively. All significant inter-company accounts and transactions were eliminated in consolidation. Use of Estimates In preparing these CFS in accordance with US GAAP, management makes estimates and assumptions that affect the reported amounts of assets and liabilities in the balance sheets as well as revenues and expenses during the period reported. Actual results may differ from these estimates. Revenue Recognition Sales-type Leasing and Related Revenue Recognition The Company constructs and leases waste energy recycling power generating projects to its customers. The Company typically transfers ownership of the waste energy recycling power generating projects to its customers at the end of the lease. The investment in these projects is recorded as investment in sales-type leases in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 840 , “Lease ,” Contingent Rental Income The Company records income from actual electricity usage in addition to minimum lease payments of each project as contingent rental income in the period contingent rental income is earned. Contingent rent is not part of minimum lease payments. Cash and Equivalents Cash and equivalents includes cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments. Accounts Receivable As of December 31, 2017, the Company had accounts receivable of $13,369,655 (from the sales of CDQ and a CDQ WHPG system to Zhongtai). As of December 31, 2016, the Company had accounts receivable of $12,593,340 (from the sales of CDQ and a CDQ WHPG system to Zhongtai). Interest Receivable on Sales Type Leases As of December 31, 2017, the interest receivable on sales type leases was $9,869,357, mainly from recognized but not yet collected interest income for the Pucheng and Shenqiu systems. As of December 31, 2016, the interest receivable on sales type leases was $4,621,491. The Company maintains reserves for potential credit losses on receivables. Management reviews the composition of receivables and analyzes historical bad debts, customer concentrations, customer credit worthiness, current economic trends and changes in customer payment patterns to evaluate the adequacy of these reserves. As of December 31, 2017, the Company had bad debt allowance for net investment receivable of $1,802,822 for Pucheng and Shenqiu systems. Concentration of Credit Risk Cash includes cash on hand and demand deposits in accounts maintained within China. Balances at financial institutions within China are not covered by insurance. The Company has not experienced any losses in such accounts. Certain other financial instruments, which subject the Company to concentration of credit risk, consist of accounts and other receivables. The Company does not require collateral or other security to support these receivables. The Company conducts periodic reviews of its customers’ financial condition and customer payment practices to minimize collection risk on accounts receivable. The operations of the Company are located in the PRC. Accordingly, the Company’s business, financial condition and results of operations may be influenced by the political, economic and legal environments in the PRC. Property and Equipment Property and equipment are stated at cost, net of accumulated depreciation. Expenditures for maintenance and repairs are expensed as incurred; additions, renewals and betterments are capitalized. When property and equipment are retired or otherwise disposed of, the related cost and accumulated depreciation are removed from the respective accounts, and any gain or loss is included in operations. Depreciation of property and equipment is provided using the straight-line method over the estimated lives as follows: Building 20 years Vehicles 2 - 5 years Office and Other Equipment 2 - 5 years Software 2 - 3 years Impairment of Long-lived Assets In accordance with FASB ASC Topic 360, “Property, Plant, and Equipment Notes Payable – Banker’s Acceptances The Company endorses banker’s acceptances that are issued from a bank to vendors as payment for its obligations. Most of the banker’s acceptances have maturity dates of less than six months following their issuance. Cost of Sales Cost of sales consists primarily of the direct material of the power generating system and expenses incurred directly for project construction for sales-type leasing and sales tax and additions for contingent rental income. Income Taxes Income taxes are accounted for using an asset and liability method. Under this method, deferred income taxes are recognized for the tax consequences in future years of differences between the tax bases of assets and liabilities and their financial reporting amounts at each period end based on enacted tax laws and statutory tax rates, applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. The Company follows ASC Topic 740, which prescribes a more-likely-than-not threshold for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC Topic 740 also provides guidance on recognition of income tax assets and liabilities, classification of current and deferred income tax assets and liabilities, accounting for interest and penalties associated with tax positions, accounting for income taxes in interim periods, and income tax disclosures. Under the provisions of ASC Topic 740, when tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying balance sheets along with any associated interest and penalties that would be payable to the taxing authorities upon examination. CREG is subject to U.S. corporate income taxes on its taxable income at a rate of up to 21% for taxable years beginning after December 31, 2017 and U.S. corporate income tax on its taxable income of up to 35% for prior tax years. On December 22, 2017, the Tax Cut and Jobs Act (“Tax Act”) was signed into law. The Tax Act introduced a broad range of tax reform measures that significantly change the federal income tax laws. The provisions of the Tax Act that may have significant impact on the Company include the permanent reduction of the corporate income tax rate from 35% to 21% effective for tax years including or commencing on January 1, 2018, one-time transition tax on post-1986 foreign unremitted earnings, provision for Global Intangible Low Tax Income (“GILTI”), deduction for Foreign Derived Intangible Income (“FDII”), repeal of corporate alternative minimum tax, limitation of various business deductions, and modification of the maximum deduction of net operating loss with no carryback but indefinite carryforward provision. Many provisions in the Tax Act are generally effective in tax years beginning after December 31, 2017. Taxpayers may elect to pay the one-time transition tax over eight years, or in a single lump-sum payment. To the extent that portions of its U.S. taxable income, such as Subpart F income or GILTI, are determined to be from sources outside of the U.S., subject to certain limitations, the Company may be able to claim foreign tax credits to offset its U.S. income tax liabilities. Any remaining liabilities are accrued in the Company’s consolidated statements of comprehensive income and estimated tax payments are made when required by U.S. law. Noncontrolling Interests The Company follows FASB ASC Topic 810, “Consolidation,” The net income (loss) attributed to NCIs was separately designated in the accompanying statements of income and comprehensive income (loss). Losses attributable to NCIs in a subsidiary may exceed an NCI’s interests in the subsidiary’s equity. The excess attributable to NCIs is attributed to those interests. NCIs shall continue to be attributed their share of losses even if that attribution results in a deficit NCI balance. Statement of Cash Flows In accordance with FASB ASC Topic 230, “Statement of Cash Flows,” Fair Value of Financial Instruments For certain of the Company’s financial instruments, including cash and equivalents, restricted cash, accounts receivable, other receivables, accounts payable, accrued liabilities and short-term debts, the carrying amounts approximate their fair values due to their short maturities. Receivables on sales-type leases are based on interest rates implicit in the lease. FASB ASC Topic 820, “Fair Value Measurements and Disclosures,” “Financial Instruments,” ● Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. ● Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. ● Level 3 inputs to the valuation methodology are unobservable and significant to FV measurement. The Company analyzes all financial instruments with features of both liabilities and equity under ASC 480, “Distinguishing Liabilities from Equity,” “Derivatives and Hedging.” The following are the considerations with respect to disclosures of FV of long-term debt obligations: As of December 31, 2017, the Company did not have any long-term debt obligations. As of December 31, 2016, the Company’s long-term debt obligations consisted of the Zhonghong entrusted loan and interest payable on entrusted loans of $48.08 million (Note 12). FV measurements and approximations for certain financial instruments are based on what a reporting entity would likely have to pay to transfer the financial obligation to an entity with a comparable credit rating. The Company’s bank loans and trust loans payable are privately held (i.e., nonpublic) debt; therefore, pricing inputs are not observable. For this reason, the Company classified bank loans and trust loans payable as a Level 3 FV measurement in the valuation hierarchy. For the Company’s long-term bank loans, and Zhonghong entrusted loans noted above, the Company believes the carrying amounts approximate their FV. Based on the Company’s understanding of the credit markets, the Company’s business is in a sector (energy-saving green) that is supported by the PRC government and the lending bank, the Company believes it could have obtained similar loans on similar terms and interest rates. In addition, in connection with the FV measurement, the Company considered nonperformance risk (including credit risk) relating to the debt obligations, including the following: (i) the Company is considered a low credit risk customer to the lending bank and its creditors; (ii) the Company has a good history of making timely payments and have never defaulted on any loans; and (iii) the Company has a stable and continuous cash inflow from collections from its sales-type lease of energy saving projects. As of December 31, 2017 and 2016, the Company did not identify any assets or liabilities that are required to be presented on the balance sheet at FV. Stock-Based Compensation The Company accounts for its stock-based compensation in accordance with FASB ASC Topic 718 “Compensation—Stock Compensation,” Equity.” Basic and Diluted Earnings per Share The Company presents net income (loss) per share (“EPS”) in accordance with FASB ASC Topic 260, “Earning Per Share.” The following table presents a reconciliation of basic and diluted EPS for the year ended December 31, 2017 and 2016: Years Ended 2017 2016 Net income (loss) $ (8,998,259 ) $ 1,827,171 Weighted average shares outstanding – basic 8,310,198 8,310,198 Effect of dilutive securities: Options granted 155 - Weighted average shares outstanding – diluted 8,310,353 8,310,198 Earnings (loss) per share – basic $ (1.08 ) $ 0.22 Earnings (loss) per share – diluted $ (1.08 ) $ 0.22 Foreign Currency Translation and Comprehensive Income (Loss) The Company’s functional currency is the Renminbi (“RMB”). For financial reporting purposes, RMB were translated into United States Dollars (“USD” or “$”) as the reporting currency. Assets and liabilities are translated at the exchange rate in effect at the balance sheet date. Revenues and expenses are translated at the average rate of exchange prevailing during the reporting period. Translation adjustments arising from the use of different exchange rates from period to period are included as a component of stockholders’ equity as “Accumulated other comprehensive income.” Gains and losses resulting from foreign currency transactions are included in income. There was no significant fluctuation in the exchange rate for the conversion of RMB to USD after the balance sheet date. The Company follows FASB ASC Topic 220, “Comprehensive Income.” Segment Reporting FASB ASC Topic 280, “Segment Reporting,” New Accounting Pronouncements In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers In February 2016, the FASB issued Accounting Standards Update (“ASU”) No. 2016-02, Leases (Topic 842). The guidance in ASU 2016-02 supersedes the lease recognition requirements in ASC Topic 840, Leases (FAS 13). ASU 2016-02 requires an entity to recognize assets and liabilities arising from a lease for both financing and operating leases, along with additional qualitative and quantitative disclosures. ASU 2016-02 is effective for fiscal years beginning after December 15, 2018, with early adoption permitted. The Company is currently evaluating the effect this standard will have on its CFS. In August 2016, the FASB issued ASU No. 2016-15, Classification of Certain Cash Receipts and Cash Payments. ASU 2016-15 clarifies the presentation and classification of certain cash receipts and cash payments in the statement of cash flows. This ASU is effective for public business entities for fiscal years, and interim periods within those years, beginning after December 15, 2017. Early adoption is permitted. The Company does not anticipate that the adoption of this ASU will have a significant impact on its CFS. In October 2016, the FASB issued ASU No. 2016-16—Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory. This ASU improves the accounting for the income tax consequences of intra-entity transfers of assets other than inventory. For public business entities, the amendments in this update are effective for annual reporting periods beginning after December 15, 2017, including interim reporting periods within those annual reporting periods. Early adoption is permitted. The Company does not anticipate that the adoption of this ASU will have a significant impact on its CFS. In November 2016, the FASB issued ASU No. 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash. The guidance requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Therefore, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The standard is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The standard should be applied using a retrospective transition method to each period presented. The Company does not anticipate that the adoption of this ASU will have a significant impact on its CFS. In January 2017, the FASB issued ASU No. 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business, which clarifies the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions or disposals of assets or businesses. The standard is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted. The standard should be applied prospectively on or after the effective date. The Company will evaluate the impact of adopting this standard prospectively upon any transactions of acquisitions or disposals of assets or businesses. In January 2017, the FASB issued ASU 2017-04, Simplifying the Test for Goodwill Impairment. The guidance removes Step 2 of the goodwill impairment test, which requires a hypothetical purchase price allocation. A goodwill impairment will now be the amount by which a reporting unit’s carrying value exceeds its FV, not to exceed the carrying amount of goodwill. The guidance should be adopted on a prospective basis for the annual or any interim goodwill impairment tests beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The Company is currently evaluating the impact of adopting this standard on its CFS. Other recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the SEC did not or are not believed by management to have a material impact on the Company’s present or future CFS. Reclassification In November 2015, the FASB issued ASU No. 2015-17 on the balance sheet classification of deferred taxes, which would require that deferred tax assets and liabilities be classified as non-current in the balance sheet. Current GAAP requires the presentation of deferred tax assets and liabilities as either current or non-current in the balance sheet. This ASU is effective for annual reporting periods beginning after December 15, 2016, including interim reporting periods within those annual reporting periods. Earlier adoption is permitted. The guidance may be applied either prospectively or retrospectively. The Company adopted this ASU as of December 31, 2016 on a retrospective basis and reclassified current deferred tax liability (net) to the noncurrent deferred tax liability (net) in the consolidated balance sheet as of December 31, 2016. The reclassification had no effect on reported revenues, operating income, or cash flows for the periods presented.

Notes Receivable - Bank Accepta

Notes Receivable - Bank Acceptance	12 Months Ended
	Dec. 31, 2017
Notes Receivable - Bank Acceptance/ Other Receivables [Abstract]
NOTES RECEIVABLE - BANK ACCEPTANCE	3. NOTES RECEIVABLE – BANK ACCEPTANCE As of December 31, 2017 and 2016, the Company had outstanding notes receivable on-hand of $979,462 and $0, respectively, representing the bank acceptance that were issued by the suppliers to Erdos TCH and the payments were honored by the bank. Erdos TCH may hold the bank acceptance until the maturity for the full payment, or get cashed from the bank at a discount at an earlier date prior to maturity, or transfer the bank acceptance to its vendors in lieu of payment. As of December 31, 2017, Erdos TCH had $1.41 million bank acceptance that was transferred to one of its suppliers but haven’t matured; If the honored bank refuse to redeem the bank acceptance, then Erdos TCH would be obligated to redeem these bank acceptance.

Investment in Sales-Type Leases

Investment in Sales-Type Leases, Net	12 Months Ended
	Dec. 31, 2017
Investment in Sales-Type Leases, Net [Abstract]
INVESTMENT IN SALES-TYPE LEASES, NET	4. INVESTMENT IN SALES-TYPE LEASES, NET Under sales-type leases, Xi’an TCH leases the following systems: (i) BMPG systems to Pucheng Phase I and II (15 and 11 year terms, respectively); (ii) BMPG systems to Shenqiu Phase I (11-year term); and (iii) Shenqiu Phase II (9.5-year term). In addition, as of December 31, 2017, Erdos TCH leased power and steam generating systems from waste heat from metal refining to Erdos (five systems) for a term of twenty years. The components of the net investment in sales-type leases as of December 31, 2017 and 2016 are as follows: 2017 2016 Total future minimum lease payments receivable $ 222,132,929 $ 217,470,913 Less: executory cost (67,212,769 ) (66,444,519 ) Less: unearned interest (29,542,876 ) (35,312,473 ) Less: realized interest income but not yet received (9,869,358 ) (4,621,490 ) Less: allowance for net investment receivable (1,802,822 ) Investment in sales-type leases, net 113,705,104 111,092,431 Current portion 13,076,516 9,385,453 Noncurrent portion $ 100,628,588 $ 101,706,978 As of December 31, 2017, the future minimum rentals to be received on non-cancelable sales-type leases by years are as follows: 2018 $ 39,761,386 2019 20,102,514 2020 21,795,120 2021 21,002,447 2022 21,939,921 Thereafter 97,531,541 Total $ 222,132,929

Prepaid Expenses

Prepaid Expenses	12 Months Ended
	Dec. 31, 2017
Prepaid Expenses [Abstract]
PREPAID EXPENSES	5. PREPAID EXPENSES Prepaid expenses mainly consisted of prepayment for office rental and decorations, taxes, and consulting fees for the Company’s HYREF fund completed in July 2013. Before the HYREF Fund released the money to Zhonghong, Xi’an TCH paid 2% of the funds raised for Zhonghong, i.e. RMB 9.2 million ($1.5 million) to the Fund Management Company as a consulting fee and it shall pay such 2% on the amount of funds actually contributed as an annual management fee on every 365-day anniversary thereafter until Zhonghong fully repays the loan, and the HYREF Fund no longer has an ownership interest in Zhonghong. The Company had $0.71 million and $0.65 million prepaid consulting expense as of December 31, 2017 and 2016, respectively. The Company had $34,026 and $32,050 prepaid tax as of December 31, 2017 and 2016.

Other Receivables

Other Receivables	12 Months Ended
	Dec. 31, 2017
Notes Receivable - Bank Acceptance/ Other Receivables [Abstract]
OTHER RECEIVABLES	6. OTHER RECEIVABLES As of December 31, 2017, other receivables mainly consisted of (i) advances to third parties of $7,652, bearing no interest, payable upon demand; and (ii) maintenance cost and tax receivable of $3.06 million. As of December 31, 2016, other receivables mainly consisted of an advance to a third party of $0.53 million, bearing no interest, payable upon demand; and advances to employees of $0.02 million, bearing no interest, payable upon demand.

Long Term Investment

Long Term Investment	12 Months Ended
	Dec. 31, 2017
Long Term Investment [Abstract]
LONG TERM INVESTMENT	7. LONG TERM INVESTMENT On June 25, 2013, Xi’an TCH with HongyuanHuifu Venture Capital Co. Ltd (“HongyuanHuifu”) jointly established Hongyuan Recycling Energy Investment Management Beijing Co., Ltd (the “Fund Management Company”) with registered capital of RMB 10 million ($1.6 million), to manage a fund that will be used for financing CDQ WHPG projects. Xi’an TCH made an initial capital contribution of RMB 4 million ($0.65 million) and has a 40% ownership interest in the Fund Management Company. Voting rights and dividend rights are allocated between HongyuanHuifu and Xi’an TCH at 80% and 20%, respectively. The Company accounted for this investment using the equity method. The Company recorded $176,481 and $258,817 equity based investment loss during the years ended December 31, 2017 and 2016, respectively. On July 18, 2013, the HYREF Fund was established as a limited liability partnership in Beijing. Pursuant to the Partnership Agreement, the HYREF Fund has a general partner, the Fund Management Company, which made an initial capital contribution of RMB 5 million ($0.83 million) to the HYREF Fund. The HYREF Fund has three limited partners: (1) China Orient Asset Management Co., Ltd., which made an initial capital contribution of RMB 280 million ($46.67 million) and is a preferred limited partner, (2) HongyuanHuifu, which made an initial capital contribution of RMB 100 million ($16.67 million) and is an ordinary limited partner and (3) the Company’s wholly-owned subsidiary, Xian TCH, which made an initial capital contribution of RMB 75 million ($10.81 million) and is a secondary limited partner. The term of the HYREF Fund’s partnership is six years from the date of its establishment, July 18, 2013. The current term for (x) the preferred limited partner is four years from the date of its contribution and (y) the ordinary limited partner is four years from the date of its contribution. Unless otherwise approved by the general partner (the Fund Management Company), upon the expiration of their respective terms, each partner shall exit from the partnership automatically. The total size of the HYREF Fund is RMB 460 million ($75.0 million), and the purpose of the HYREF Fund is to invest in Zhonghong for constructing 3 new CDQ WHPG projects. Xi’an TCH owns 16.3% of the HYREF Fund. The Company accounted for this investment using the cost method. The Company netted off the investment of RMB 75 million ($10.81 million) by Xi’an TCH with the entrusted loan payable of the HYREF Fund.

Construction in Progress

Construction in Progress	12 Months Ended
	Dec. 31, 2017
Construction in Progress [Abstract]
CONSTRUCTION IN PROGRESS	8. CONSTRUCTION IN PROGRESS Construction in progress was for constructing power generation systems. As of December 31, 2017 and 2016, the Company’s construction in progress included: 2017 2016 Xuzhou Huayu $ 24,976,178 $ 23,525,925 Xuzhou Tian’an 37,814,637 32,471,977 Boxing County Chengli 32,375,158 30,495,280 Total $ 95,165,973 $ 86,493,182 As of December 31, 2017, the Company was committed to pay an additional (1) $12.24 million for the Xuzhou Huayu project, (2) $4.25 million for the Xuzhou Tian’an project, and (3) $4.72 million for Boxing County Chengli project. The Boxing County Chengli project has finished construction, but is waiting for government approval before beginning operations.

Taxes Payable

Taxes Payable	12 Months Ended
	Dec. 31, 2017
Taxes Payable [Abstract]
TAXES PAYABLE	9. TAXES PAYABLE Taxes payable consisted of the following as of December 31, 2017 and 2016: 2017 2016 Income - current $ 1,097,768 $ 773,397 VAT 1,145,363 366,230 Other 180,649 63,050 Total - current 2,423,780 1,202,677 Income - noncurrent $ 6,998,625 $ - Income tax payable consisted approximately $7.60 million tax expense ($0.61 million current and $6.99 million noncurrent) from recording the estimated one-time transition tax on post-1986 foreign unremitted earnings under the Tax Cut and Jobs Act signed on December 22, 2017. An election is available for the US shareholder of foreign company to pay the tax liability in installments over a period of eight years with 8% of net tax liability in the first five years, 15% in the sixth year, 20% in the seventh year, and 25% in the eighth year.

Accrued Liabilities and Other P

Accrued Liabilities and Other Payables	12 Months Ended
	Dec. 31, 2017
Accrued Liabilities and Other Payables [Abstract]
ACCRUED LIABILITIES AND OTHER PAYABLES	10. ACCRUED LIABILITIES AND OTHER PAYABLES Accrued liabilities and other payables consisted of the following as of December 31, 2017 and 2016: 2017 2016 Employee training, labor union expenditure and social insurance payable $ 852,316 $ 760,021 Consulting, auditing, and legal expenses 480,057 468,393 Accrued payroll and welfare 261,793 322,605 Accrued interest - 1,569 Other 24,150 43,992 Total $ 1,618,316 $ 1,596,580

Deferred Tax Liability, Net

Deferred Tax Liability, Net	12 Months Ended
	Dec. 31, 2017
Deferred Tax Liability, Net [Abstract]
DEFERRED TAX LIABILITY, NET	11. DEFERRED TAX LIABILITY, NET Deferred tax asset resulted from accrued employee social insurance that can be deducted for tax purposes in the future, and the difference between tax and accounting basis of cost of fixed assets which was capitalized for tax purposes and expensed as part of cost of systems in accordance with US GAAP. Deferred tax liability arose from the difference between tax and accounting basis of net investment in sales-type leases. As of December 31, 2017 and 2016, deferred tax liability consisted of the following: 2017 2016 Deferred tax asset — current (accrual of employee social insurance) $ 189,617 $ 167,980 Deferred tax liability — current (net investment in sales-type leases) (1,828,246 ) (1,586,058 ) Deferred tax liability, net of current deferred tax asset $ (1,638,629 ) $ (1,418,078 ) Deferred tax asset — noncurrent (depreciation of fixed assets) $ 17,709,919 $ 17,943,843 Deferred tax asset — noncurrent (asset impairment loss) 450,706 - Deferred tax liability — noncurrent (net investment in sales-type leases) (25,157,147 ) (25,426,744 ) Deferred tax liability, net of noncurrent deferred tax asset $ (6,996,522 ) $ (7,482,901 ) Total Deferred tax liability, noncurrent per ASU 2015-17 $ (8,635,151 ) $ 8,900,979

Loans Payable

Loans Payable	12 Months Ended
	Dec. 31, 2017
Loans Payable [Abstract]
LOANS PAYABLE	12. LOANS PAYABLE Entrusted Loan Payable The HYREF Fund (Beijing Hongyuan Recycling Energy Investment Center, LLP) established in July 2013 with total fund size of RMB 460 million ($75.0 million) invests in Xi’an Zhonghong for Zhonghong’s three new CDQ WHPG projects. The HYREF Fund invested RMB 3 million ($0.5 million) as an equity investment and RMB 457 million ($74.5 million) as a debt investment in Xi’an Zhonghong; in return for such investments, the HYREF Fund will receive interest from Zhonghong for the HYREF Fund’s debt investment. The RMB 457 million ($74.5 million) was released to Zhonghong through an entrusted bank, which is also the supervising bank for the use of the loan. The loan was deposited in a bank account at the Supervising Bank (the Industrial Bank Xi’an Branch) and is jointly supervised by Zhonghong and the Fund Management Company. Project spending shall be verified by the Fund Management Company to confirm that it is in accordance with the project schedule before the funds are released. All the operating accounts of Zhonghong have been opened with the branches of the Supervising Bank and the Supervising Bank has the right to monitor all bank accounts opened by Zhonghong. The entrusted bank will charge 0.1% of loan amount as service fee and will not take any lending risk. The loan was collateralized by the accounts receivable and the fixed assets of Shenqiu Phase I and II power generation systems, the accounts receivable and fixed assets of Zhonghong’s three CDQ WHPG systems, and a 27 million RMB capital contribution made by Xi’an TCH. Repayment of the loan (principal and interest) was also jointly and severally guaranteed by Xi’an TCH and the Chairman and CEO of the Company. In the fourth quarter of 2015, three power stations of Erdos TCH were pledged to Industrial Bank as an additional guarantee for the loan lent to Zhonghong’s three CDQ WHPG systems. In 2016, two additional power stations of Erdos TCH and Pucheng Phase I and II systems were pledged to Industrial Bank as an additional guarantee along with Xi’an TCH’s equity in Zhonghong. The loan agreement provides that Zhonghong shall also maintain a certain capital level in its account with the Supervising Bank to make sure it has sufficient funds to make interest payments when they are due: ● During the first three years from the first release of the loan, the balance in its account shall be no less than RMB 7.14 million ($1.19 million) on the 20th day of the second month of each quarter and no less than RMB 14.28 million ($2.38 million) on the 14th day of the last month of each quarter; ● During the fourth year from the first release of the loan, the balance in its account shall be no less than RMB 1.92 million ($0.32 million) on the 20th day of the second month of each quarter and no less than RMB 3.85 million ($0.64 million) on the 14th day of the last month of each quarter; and ● During the fifth year from the first release of the loan, the balance in its account shall be no less than RMB 96,300 ($16,050) on the 20th day of the second month of each quarter and no less than RMB 192,500 ($32,080) on the 14th day of the last month of each quarter. The term of this loan is for 60 months from July 31, 2013 to July 30, 2018. On August 6, 2016, Zhonghong was to repay principal of RMB 280 million ($42.22 million); on August 6, 2017, Zhonghong was supposed to repay principal of RMB 100 million ($16.27 million) and on July 30, 2018, Zhonghong shall repay the remainder of RMB 77 million ($12.52 million). The interest rate is 12.5%. During the term, Zhonghong shall maintain a minimal funding level and capital level in its designated account with the Supervising Bank to make sure it has sufficient funds to make principal payments when they are due. Notwithstanding the requirements, the HYREF Fund and Supervising Bank have verbally notified Zhonghong from the beginning that unlikely they will enforce these requirements for the purpose of the efficient utilization of working capital. As of December 31, 2017, the entrusted loan payable had an outstanding balance of $62.29 million, of which, $11.47 million was from the investment of Xi’an TCH; accordingly, the Company netted the loan payable of $11.47 million with the long-term investment to the HYREF Fund made by Xi’an TCH. For the years ended December 31, 2017 and 2016, the Company recorded interest expense of $4.41 million and $5.57 million on this loan, respectively; and capitalized $3.34 million and $2.75 million interest to construction in progress, respectively. The Company had fully paid RMB 50 million ($7.54 million) of the RMB 280 million ($42.22 million), and on August 5, 2016, the Company entered into a supplemental agreement with the lender to extend the due date of the remaining RMB 230 million ($34.68 million) of the original RMB 280 million ($45.54 million) to August 6, 2017. During the year ended December 31, 2017, the Company negotiated with the lender again for further extending the remaining loan balance of RMB 230 million ($34.68 million), RMB 100 million ($16.27 million), and RMB 77 million ($12.52 million) (which included investment from Xi’an TCH of RMB 75 million and was netted off with the entrusted loan payable of the HYREF Fund in the balance sheet). The lender has tentatively agreed to extend the remaining loan balance for another two years until August 2019 with an adjusted annual interest rate of 9%, subject to the final approval from its headquarters. The related extension documents are currently going through the lender’s internal approval procedure. Due to the slow progress of the construction of the three CDQ WHPG projects, the Company applied for a lower interest rate from the lender in January 2017, and the lender tentatively agreed to lower the interest rate to 9% in December 2017 subject to the approval from its headquarters. The Company planned to repay the interest once the lender’s internal approval procedure is officially completed. As of December 31, 2017, the interest payable for this loan was $8.13 million. Bank Loan – Bank of Xi’an On June 26, 2015, Xi’an TCH entered into a loan agreement with Bank of Xi’an, whereby Bank of Xi’an loaned $6.29 million (RMB 40 million) to Xi’an TCH for one year due June 25, 2016. The monthly interest on the loan was 0.595%. Under the terms of the loan, Xi’an TCH was required to make monthly interest payments and the principal was to be repaid at maturity. The loan was guaranteed by a third party guarantee company and the Chairman and CEO of the Company. The Company paid a third party $149,341 (RMB 950,000) as a re-guarantee service fee. This loan was repaid in full in 2016. Bank Loan – Bank of Chongqing On April 11, 2014, Xi’an TCH entered into a loan agreement with Bank of Chongqing - Xi’an Branch, whereby Bank of Chongqing loaned $8.13 million (RMB 50 million) to Xi’an TCH for three years with maturity on April 10, 2017. The annual interest on the loan was 9.225%. Under the terms of the loan, Xi’an TCH was to make monthly interest payments and to make a principal payment of $0.81 million (RMB 5 million) on the 24 th Summary As of December 31, 2017, the future minimum repayment of all the loans including the entrusted loan to be made by years is as follows: 2018 $ 50,825,375 Total $ 50,825,375

Refundable Deposit from Custome

Refundable Deposit from Customers for Systems Leasing	12 Months Ended
	Dec. 31, 2017
Refundable Deposit from Customers for Systems Leasing [Abstract]
REFUNDABLE DEPOSIT FROM CUSTOMERS FOR SYSTEMS LEASING	13. REFUNDABLE DEPOSIT FROM CUSTOMERS FOR SYSTEMS LEASING As of December 31, 2017 and 2016, the balance of refundable deposit from customers for systems leasing for Pucheng and Shengqiu was $1,086,591 and $1,023,497, respectively.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2017
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	14. RELATED PARTY TRANSACTIONS As of December 31, 2017 and 2016, the Company had $43,623 and $44,059 in advances from the Company’s management, which bear no interest, are unsecured, and are payable upon demand. During the year ended December 31, 2017, the Company recognized RMB 26.44 million ($3.92 million) interest income for the sales-type lease of Pucheng BMPG systems from Pucheng Xin Heng Yuan Biomass Power Generation Corporation, whose major stockholder became a stockholder of the Company through the issuance of the Company’s common stock to this stockholder in consideration for the transfer of the old system to the Company for BMPG system transformation. The Company recognized RMB 28.47 million ($4.29 million) interest income for the sales-type lease of Pucheng BMPG systems during year ended December 31, 2016. On November 29, 2017, Pucheng’s major shareholder disposed of his stock, and Pucheng was no longer a related party of Xi’an TCH. Interest income from Pucheng project for the period from January 1, 2017 to November 29, 2017 was RMB 24.31 million ($3.60 millon). During the year ended December 31, 2016, prior to the repurchase date of June 22, 2016, the Company recognized RMB 13.83 million ($2.09 million) interest income for the sales-type lease of Yida WGPG system from Qitaihe City Boli Yida Coal Selection Co., Ltd., whose major stockholder became a stockholder of the Company through the issuance of the Company’s common stock to this stockholder in consideration for the transfer of the WGPG system to the Company in 2014.

Noncontrolling Interest

Noncontrolling Interest	12 Months Ended
	Dec. 31, 2017
Noncontrolling Interest [Abstract]
NONCONTROLLING INTEREST	15. NONCONTROLLING INTEREST On July 15, 2013, Xi’an TCH and HYREF Fund jointly established Xi’an Zhonghong New Energy Technology (“Zhonghong”) with registered capital of RMB 30 million ($4.88 million), to manage new projects. Xi’an TCH paid RMB 27 million ($4.37 million) as its contribution of the registered capital to Zhonghong. Xi’an TCH owns 90% of Zhonghong while HYREF Fund owns 10% of Zhonghong as a non-controlling interest of Zhonghong. In addition, the HYREF Fund was 16.3% owned by Xi’an TCH and 1.1% owned by the Fund Management Company, and the Fund Management Company was 40% owned by Xi’an TCH as described in Note 7, which resulted in an additional indirect ownership of Xi’an TCH in Zhonghong of 1.7%; accordingly, the ultimate non-controlling interest (HYREF Fund) in Zhonghong became 8.3%. During the years ended December 31, 2017 and 2016, the Company had losses of $327,147 and $347,136 that were attributable to noncontrolling interest, respectively.

Income Tax

Income Tax	12 Months Ended
	Dec. 31, 2017
Income Tax [Abstract]
INCOME TAX	16. INCOME TAX The Company’s Chinese subsidiaries are governed by the Income Tax Law of the PRC concerning privately-run enterprises, which are generally subject to tax at 25% on income reported in the statutory financial statements after appropriate tax adjustments. Under the Chinese tax law, the tax treatment of finance and sales-type leases is similar to US GAAP. However, the local tax bureau continues to treat CREG sales-type leases as operating leases. Accordingly, the Company recorded deferred income taxes. The Company’s subsidiaries generate all of their income from their PRC operations. Yinghua and Shanghai TCH’s effective income tax rate for 2017 and 2016 was 25%. During 2013, Xi’an TCH was re-approved for high tech enterprise status and enjoyed 15% preferential income tax rate for three years effective January 1, 2013 through December 31, 2015, and is subject to 25% income tax rate in 2017 and 2016 due to the renewal of preferential income tax rate was not approved by the tax authority. Huahong, Zhonghong and Erdos TCH’s effective income tax rate for 2017 and 2016 was 25%. Yinghua, Shanghai TCH, Xi’an TCH, Huahong, Zhonghong and Erdos TCH file separate income tax returns. There is no income tax for companies domiciled in the Cayman Islands. Accordingly, the Company’s CFS do not present any income tax provisions related to Cayman Islands tax jurisdiction, where Sifang Holding is domiciled. The US parent company, China Recycling Energy Corporation, is taxed in the US and, as of December 31, 2017, had net operating loss (“NOL”) carry forwards for income taxes of $14.32 million, which may be available to reduce future years’ taxable income as NOLs can be carried forward up to 20 years from the year the loss is incurred. Our management believes the realization of benefits from these losses may be uncertain due to the US parent company’s continuing operating losses. Accordingly, a 100% deferred tax asset valuation allowance was provided. The following table reconciles the US statutory rates to the Company’s effective tax rate for the years ended December 31, 2017 and 2016, respectively: 2017 2016 U.S. statutory rates (34.0 )% 34.0 % Tax rate difference – current provision 7.3 % (16.9 )% Other (- )% 0.7 % Tax rate change for future deferred tax items 11.2 % (10.1 )% Prior periods income tax adjustment per income tax return filed (1.5 )% (2.8 )% Section 965 one-time transition tax 747.3 % Permanent differences 0.4 % (165.9 )% Valuation allowance on PRC NOL 84.2 % 0.1 % Valuation allowance on US NOL 6.0 % 30.0 % Tax (benefit) per financial statements 820.9 % (130.9 )% The provision for income taxes expense for years ended December 31, 2017 and 2016 consisted of the following: 2017 2016 Income tax expense – current $ 9,101,025 $ 1,899,005 Income tax benefit – deferred (788,276 ) (2,737,993 ) Total income tax expense (benefit) $ 8,312,749 $ (838,988 ) On December 22, 2017, the Tax Cut and Jobs Act (“Tax Act”) was signed into law in the United States. The Tax Act introduced a broad range of tax reform measures that significantly change the federal income tax laws. The provisions of the Tax Act that may have significant impact on the Company include the permanent reduction of the corporate income tax rate from 35% to 21% effective for tax years including or commencing on January 1, 2018, a one-time transition tax on post-1986 foreign unremitted earnings, the provision for Global Intangible Low Tax Income (“GILTI”), the deduction for Foreign Derived Intangible Income (“FDII”), the repeal of corporate alternative minimum tax, the limitation of various business deductions, and the modification of the maximum deduction of net operating loss with no carryback but indefinite carryforward provision. Many provisions in the Tax Act are generally effective in tax years beginning after December 31, 2017. At December 31, 2017, the Company reflected the provisional income tax effects of the Tax Act under Accounting Standards Codification Topic 740, Income Taxes. The Company has recorded a provisional tax expense in the Statement of Operations of approximately $8.31 million, comprised of approximately $7.61 million tax expense from recording the estimated one-time transition tax on post-1986 foreign unremitted earnings. The Company continues to examine the impact of certain provisions of the Tax Act that will become applicable in calendar year 2018 related to Base Erosion and Anti Abuse Tax (“BEAT”), GILTI, deduction for FDII, and other provisions that could affect its effective tax rate in the future. The Company will record the income tax effects of GILTI and other provisions of the Tax Act as incurred beginning in calendar year 2018. Also, because there may be additional state income tax implications, the Company will continue to monitor changes in state and local tax laws to determine if state and local taxing authorities intend to conform or deviate from changes to U.S. federal tax legislation as a result of the Tax Act. The prospects of supplemental legislation or regulatory processes to address questions that arise because of the Tax Act, or evolving technical interpretations of the tax law, may cause the final impact from the Tax Act to differ from the provisionally recorded amounts. The Company expects to complete its analysis within the measurement period allowed by Staff Accounting Bulletin (“SAB”) No.118, no later than the fourth quarter of calendar year 2018. China maintains a “closed” capital account, meaning companies, banks, and individuals cannot move money in or out of the country except in accordance with strict rules. The People’s Bank of China (PBOC) and State Administration of Foreign Exchange (SAFE) regulate the flow of foreign exchange in and out of the country. For inward or outward foreign currency transactions, the Company needs to make a timely declaration to the bank with sufficient supporting documents to declare the nature of the business transaction. Consolidated foreign pretax earnings (loss) approximated $(0.83) million loss and $1.21 million income for the years ended December 31, 2017 and 2016, respectively. Pretax earnings of a foreign subsidiary are subject to US taxation when repatriated. Undistributed earnings of the Company’s foreign subsidiaries amounted to approximately $99.37 million as of December 31, 2017, of which all was subject to the one-time transition tax on foreign unremitted earnings required by the Tax Act or has otherwise been previously subject to U.S. tax. Those earnings are considered to be permanently reinvested and accordingly, no deferred tax expense is recorded for U.S. federal and state income tax or applicable withholding taxes.

Stock-Based Compensation Plan

Stock-Based Compensation Plan	12 Months Ended
	Dec. 31, 2017
Stock-Based Compensation Plan [Abstract]
STOCK-BASED COMPENSATION PLAN	17. STOCK-BASED COMPENSATION PLAN Options to Employees On June 19, 2015, the stockholders of the Company approved the China Recycling Energy Corporation Omnibus Equity Plan (the “Plan”) at its annual meeting. The total shares of common stock authorized for issuance during the term of the Plan is 12,462,605 (prior to the 10:1 Reverse Stock Split). The Plan was effective immediately upon the adoption by our Board of Directors on April 24, 2015, subject to stockholder approval, and will terminate on the earliest to occur of (i) the 10th anniversary of the Plan’s effective date, or (ii) the date on which all shares available for issuance under the Plan shall have been issued as fully-vested shares. The stockholders approved the Plan at its annual meeting on June 19, 2015. On April 27, 2017, the Board approved the grant to the Company’s CFO of an option to purchase 5,000 shares of the Company’s common stock at an exercise price of $1.61 per share, with a term of 10 years. The option vested immediately upon the grant. The FV of the stock option granted is estimated on the date of the grant using the Black-Scholes option pricing model (“BSOPM”). The BSOPM has assumptions for risk free interest rates, dividends, stock volatility and expected life of an option grant. The risk-free interest rate is based upon market yields for United States Treasury debt securities at a maturity near the term remaining on the option. Dividend rates are based on the Company’s dividend history. The stock volatility factor is based on the historical volatility of the Company’s stock price. The expected life of an option grant is based on management’s estimate as no options have been exercised in the Plan to date. The FV of the option granted to employees is recognized as compensation expense over the vesting period of the stock option award. The FV of the options was calculated using the following assumptions, estimated life of ten years, volatility of 124%, risk free interest rate of 2.30%, and dividend yield of 0%. The FV of the 5,000 stock options was $7,647 at the grant date. Options to Independent Directors On March 31, 2015, the Board appointed Mr. Cangsang Huang as a member of the Company’s Board of Directors to fill a vacancy. In connection with the appointment, the Board authorized the Company to provide Mr. Huang with (i) compensation of $2,000 per month and (ii) the grant of an option to purchase 40,000 shares of the Company’s Common Stock, par value $0.001, at an exercise price of $1.02 per share (prior to the 10:1 Reverse Stock Split effective May 25, 2016), which was equal to the closing price per share of the Company’s Common Stock on March 31, 2015. Such options were only valid and exercisable upon stockholder approval. The options to Mr. Huang were not voted upon at the Company’s annual stockholder’s meeting on June 19, 2015 and were cancelled automatically. However, the Company’s Plan adopted by the Board on April 24, 2015 for providing equity awards to employees, directors and consultants was approved at the annual stockholder’s meeting; accordingly, the Compensation Committee of the Board of Directors approved a grant of 40,000 options (prior to the 10:1 Reverse Stock Split) to Mr. Huang at an exercise price of $1.02 per share under the Plan, which vested immediately on the date of grant, which was on October 10, 2015. The options may be exercised within five years of the date of the grant. The FV of the options was calculated using the following assumptions, estimated life of five years, volatility of 82%, risk free interest rate of 1.37%, and dividend yield of 0%. The FV of the 40,000 stock options was $26,528 at the grant date. The Company recorded $7,647 and $0 compensation expense for stock options to employees during years ended December 31, 2017 and 2016. The following table summarizes option activity with respect to employees and independent directors, the number of options reflects the 10:1 Reverse Stock Split effective May 25, 2016: Number of Shares Average Exercise Price per Share Weighted Average Remaining Contractual Term in Years Outstanding at January 1, 2016 4,000 $ 10.2 4.77 Exercisable at January 1, 2016 4,000 10.2 4.77 Granted - - - Exercised - - - Forfeited - - - Outstanding at December 31, 2016 4,000 10.2 3.77 Exercisable at December 31, 2016 4,000 10.2 3.77 Granted 5,000 1.6 10 Exercised - - - Forfeited - - - Outstanding at December 31, 2017 9,000 5.4 6.41 Exercisable at December 31, 2017 9,000 $ 5.4 6.41

Statutory Reserves

Statutory Reserves	12 Months Ended
	Dec. 31, 2017
Statutory Reserves [Abstract]
STATUTORY RESERVES	18. STATUTORY RESERVES Pursuant to the corporate law of the PRC effective January 1, 2006, the Company is only required to maintain one statutory reserve by appropriating from its after-tax profit before declaration or payment of dividends. The statutory reserve represents restricted retained earnings. Surplus Reserve Fund The Company’s Chinese subsidiaries are required to transfer 10% of their net income, as determined under PRC accounting rules and regulations, to a statutory surplus reserve fund until such reserve balance reaches 50% of the Company’s registered capital. The surplus reserve fund is non-distributable other than during liquidation and can be used to fund previous years’ losses, if any, and may be utilized for business expansion or converted into share capital by issuing new shares to existing shareholders in proportion to their shareholding or by increasing the par value of the shares currently held by them, provided that the remaining reserve balance after such issue is not less than 25% of the registered capital. The maximum statutory reserve amount has not been reached for any subsidiary. The table below discloses the statutory reserve amount in the currency type registered for each Chinese subsidiary as of December 31, 2017. Name of Chinese Subsidiaries Registered Capital Maximum Statutory Reserve Amount Statutory reserve at December 31, 2017 Shanghai TCH $ 29,800,000 $ 14,900,000 ¥ 6,564,303 ($1,003,859) Xi’an TCH ¥ 202,000,000 ¥ 101,000,000 ¥ 69,359,820 ($10,606,984) Erdos TCH ¥ 120,000,000 ¥ 60,000,000 ¥ 20,418,368 ($3,122,518) Xi’an Zhonghong ¥ 30,000,000 ¥ 15,000,000 Did not accrue yet due to accumulated deficit Shaanxi Huahong $ 2,500,300 $ 1,250,150 Did not accrue yet due to accumulated deficit Zhongxun ¥ 35,000,000 ¥ 17,500,000 Did not accrue yet due to accumulated deficit Common Welfare Fund The common welfare fund is a voluntary fund to which the Company can transfer 5% to 10% of its net income. This fund can only be utilized on capital items for the collective benefit of the Company’s employees, such as construction of dormitories, cafeteria facilities, and other staff welfare facilities. This fund is non-distributable other than upon liquidation. The Company does not participate in this fund

Contingencies

Contingencies	12 Months Ended
	Dec. 31, 2017
Contingencies [Abstract]
CONTINGENCIES	19. CONTINGENCIES The Company’s operations in the PRC are subject to specific considerations and significant risks not typically associated with companies in North America and Western Europe. These include risks associated with, among others, the political, economic and legal environments and foreign currency exchange. The Company’s results may be adversely affected by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion and remittance abroad, and rates and methods of taxation, among other things. The Company’s sales, purchases and expense transactions are denominated in RMB and all of the Company’s assets and liabilities are also denominated in RMB. The RMB is not freely convertible into foreign currencies under the current law. In China, foreign exchange transactions are required by law to be transacted only by authorized financial institutions. Remittances in currencies other than RMB may require certain supporting documentation in order to make the remittance. The Company sells electricity to its customers and receives commercial notes (bank acceptance) from them in lieu of payments for accounts receivable. The Company discounts the commercial notes with the bank or endorses the commercial notes to vendors for payment of their own obligations or to get cash from third parties. Most of the commercial notes have a maturity of less than six (6) months. As of December 31, 2017, the Company had outstanding notes receivable of $979,462, and endorsed notes receivable to vendors of $1.41 million; at December 31, 2016, the Company had outstanding and endorsed notes receivable of $0.

Commitments

Commitments	12 Months Ended
	Dec. 31, 2017
Commitments [Abstract]
COMMITMENTS	20. COMMITMENTS Lease Commitment On March 4, 2014, Xi’an TCH’s office lease expired and Xi’an TCH renewed this lease for two years; the monthly rental payment is $20,140. The lease for the office in Xi’an was renewed for another two years starting on March 5, 2016 with a monthly rental payment of $21,804 but payable quarterly in advance. However, the Company decided not to lease Xi’an TCH’s office after October 15, 2017. The landlord provided 45 days to the Company for moving without charging rent after October 15, 2017. There was no penalty for not complying with the lease agreement since the Company used to prepay three-month rent in advance. On November 20, 2017, Xi’an TCH entered a lease agreement for its office use for a lease term from December 1, 2017 through November 30, 2020. The monthly rent is RMB 36,536 ($5,600) with quarterly payment in advance. The annual rental payment is $67,200, $67,200 and $61,600 for the years ending December 31, 2018, 2019 and 2020. For the years ended December 31, 2017 and 2016, the rental expense of Xi’an TCH was $197,143 and $245,699, respectively. Construction Commitment Refer to Note 1 for additional details related to lease commitments with Chengli, and Tianyu (and its subsidiaries Xuzhou Tian’an and Xuzhou Huayu), Note 8 for commitments on construction in progress.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2017
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	21. SUBSEQUENT EVENTS The Company has evaluated subsequent events that occurred subsequent to December 31, 2017, and through the date the consolidated financial statements were issued as of the date of the report. Management has concluded that no subsequent events required disclosure in these financial statements.

Summary of Significant Accoun28

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2017
Summary of Significant Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The financial statements included herein were prepared by the Company, pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The information furnished herein reflects all adjustments (consisting of normal recurring accruals and adjustments) that are, in the opinion of management, necessary to fairly present the operating results for the respective periods. Certain information and footnote disclosures normally present in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) were omitted pursuant to such rules and regulations.
Basis of Consolidation	Basis of Consolidation The consolidated financial statements (“CFS”) include the accounts of CREG and its subsidiaries, Shanghai Yinghua Financial Leasing Co., Ltd. (“Yinghua”) and Sifang Holdings, its wholly owned subsidiaries, Huahong New Energy Technology Co., Ltd. (“Huahong”) and Shanghai TCH, Shanghai TCH’s wholly-owned subsidiary, Xi’an TCH Energy Tech Co., Ltd. (“Xi’an TCH”) and Xi’an TCH’s subsidiaries, Erdos TCH Energy Saving Development Co., Ltd (“Erdos TCH”), 100% owned by Xi’an TCH (See note 1), Zhonghong, 90% owned by Xi’an TCH, and Zhongxun, 100% owned by Xi’an TCH. Substantially all the Company’s revenues are derived from the operations of Shanghai TCH and its subsidiaries, which represent substantially all the Company’s consolidated assets and liabilities as December 31, 2017 and 2016, respectively. All significant inter-company accounts and transactions were eliminated in consolidation.
Use of Estimates	Use of Estimates In preparing these CFS in accordance with US GAAP, management makes estimates and assumptions that affect the reported amounts of assets and liabilities in the balance sheets as well as revenues and expenses during the period reported. Actual results may differ from these estimates.
Revenue Recognition	Revenue Recognition Sales-type Leasing and Related Revenue Recognition The Company constructs and leases waste energy recycling power generating projects to its customers. The Company typically transfers ownership of the waste energy recycling power generating projects to its customers at the end of the lease. The investment in these projects is recorded as investment in sales-type leases in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 840 , “Lease ,” Contingent Rental Income The Company records income from actual electricity usage in addition to minimum lease payments of each project as contingent rental income in the period contingent rental income is earned. Contingent rent is not part of minimum lease payments.
Cash and Equivalents	Cash and Equivalents Cash and equivalents includes cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments.
Accounts receivable	Accounts Receivable As of December 31, 2017, the Company had accounts receivable of $13,369,655 (from the sales of CDQ and a CDQ WHPG system to Zhongtai). As of December 31, 2016, the Company had accounts receivable of $12,593,340 (from the sales of CDQ and a CDQ WHPG system to Zhongtai).
Interest receivable on sales type leases	Interest Receivable on Sales Type Leases As of December 31, 2017, the interest receivable on sales type leases was $9,869,357, mainly from recognized but not yet collected interest income for the Pucheng and Shenqiu systems. As of December 31, 2016, the interest receivable on sales type leases was $4,621,491. The Company maintains reserves for potential credit losses on receivables. Management reviews the composition of receivables and analyzes historical bad debts, customer concentrations, customer credit worthiness, current economic trends and changes in customer payment patterns to evaluate the adequacy of these reserves. As of December 31, 2017, the Company had bad debt allowance for net investment receivable of $1,802,822 for Pucheng and Shenqiu systems.
Concentration of Credit Risk	Concentration of Credit Risk Cash includes cash on hand and demand deposits in accounts maintained within China. Balances at financial institutions within China are not covered by insurance. The Company has not experienced any losses in such accounts. Certain other financial instruments, which subject the Company to concentration of credit risk, consist of accounts and other receivables. The Company does not require collateral or other security to support these receivables. The Company conducts periodic reviews of its customers’ financial condition and customer payment practices to minimize collection risk on accounts receivable. The operations of the Company are located in the PRC. Accordingly, the Company’s business, financial condition and results of operations may be influenced by the political, economic and legal environments in the PRC.
Property and Equipment	Property and Equipment Property and equipment are stated at cost, net of accumulated depreciation. Expenditures for maintenance and repairs are expensed as incurred; additions, renewals and betterments are capitalized. When property and equipment are retired or otherwise disposed of, the related cost and accumulated depreciation are removed from the respective accounts, and any gain or loss is included in operations. Depreciation of property and equipment is provided using the straight-line method over the estimated lives as follows: Building 20 years Vehicles 2 - 5 years Office and Other Equipment 2 - 5 years Software 2 - 3 years
Impairment of Long-lived Assets	Impairment of Long-lived Assets In accordance with FASB ASC Topic 360, “Property, Plant, and Equipment
Notes Payable - Banker's Acceptances	Notes Payable – Banker’s Acceptances The Company endorses banker’s acceptances that are issued from a bank to vendors as payment for its obligations. Most of the banker’s acceptances have maturity dates of less than six months following their issuance.
Cost of Sales	Cost of Sales Cost of sales consists primarily of the direct material of the power generating system and expenses incurred directly for project construction for sales-type leasing and sales tax and additions for contingent rental income.
Income Taxes	Income Taxes Income taxes are accounted for using an asset and liability method. Under this method, deferred income taxes are recognized for the tax consequences in future years of differences between the tax bases of assets and liabilities and their financial reporting amounts at each period end based on enacted tax laws and statutory tax rates, applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. The Company follows ASC Topic 740, which prescribes a more-likely-than-not threshold for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC Topic 740 also provides guidance on recognition of income tax assets and liabilities, classification of current and deferred income tax assets and liabilities, accounting for interest and penalties associated with tax positions, accounting for income taxes in interim periods, and income tax disclosures. Under the provisions of ASC Topic 740, when tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying balance sheets along with any associated interest and penalties that would be payable to the taxing authorities upon examination. CREG is subject to U.S. corporate income taxes on its taxable income at a rate of up to 21% for taxable years beginning after December 31, 2017 and U.S. corporate income tax on its taxable income of up to 35% for prior tax years. On December 22, 2017, the Tax Cut and Jobs Act (“Tax Act”) was signed into law. The Tax Act introduced a broad range of tax reform measures that significantly change the federal income tax laws. The provisions of the Tax Act that may have significant impact on the Company include the permanent reduction of the corporate income tax rate from 35% to 21% effective for tax years including or commencing on January 1, 2018, one-time transition tax on post-1986 foreign unremitted earnings, provision for Global Intangible Low Tax Income (“GILTI”), deduction for Foreign Derived Intangible Income (“FDII”), repeal of corporate alternative minimum tax, limitation of various business deductions, and modification of the maximum deduction of net operating loss with no carryback but indefinite carryforward provision. Many provisions in the Tax Act are generally effective in tax years beginning after December 31, 2017. Taxpayers may elect to pay the one-time transition tax over eight years, or in a single lump-sum payment. To the extent that portions of its U.S. taxable income, such as Subpart F income or GILTI, are determined to be from sources outside of the U.S., subject to certain limitations, the Company may be able to claim foreign tax credits to offset its U.S. income tax liabilities. Any remaining liabilities are accrued in the Company’s consolidated statements of comprehensive income and estimated tax payments are made when required by U.S. law.
Noncontrolling Interests	Noncontrolling Interests The Company follows FASB ASC Topic 810, “Consolidation,” The net income (loss) attributed to NCIs was separately designated in the accompanying statements of income and comprehensive income (loss). Losses attributable to NCIs in a subsidiary may exceed an NCI’s interests in the subsidiary’s equity. The excess attributable to NCIs is attributed to those interests. NCIs shall continue to be attributed their share of losses even if that attribution results in a deficit NCI balance.
Statement of Cash Flows	Statement of Cash Flows In accordance with FASB ASC Topic 230, “Statement of Cash Flows,”
Fair Value of Financial Instruments	Fair Value of Financial Instruments For certain of the Company’s financial instruments, including cash and equivalents, restricted cash, accounts receivable, other receivables, accounts payable, accrued liabilities and short-term debts, the carrying amounts approximate their fair values due to their short maturities. Receivables on sales-type leases are based on interest rates implicit in the lease. FASB ASC Topic 820, “Fair Value Measurements and Disclosures,” “Financial Instruments,” ● Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. ● Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. ● Level 3 inputs to the valuation methodology are unobservable and significant to FV measurement. The Company analyzes all financial instruments with features of both liabilities and equity under ASC 480, “Distinguishing Liabilities from Equity,” “Derivatives and Hedging.” The following are the considerations with respect to disclosures of FV of long-term debt obligations: As of December 31, 2017, the Company did not have any long-term debt obligations. As of December 31, 2016, the Company’s long-term debt obligations consisted of the Zhonghong entrusted loan and interest payable on entrusted loans of $48.08 million (Note 12). FV measurements and approximations for certain financial instruments are based on what a reporting entity would likely have to pay to transfer the financial obligation to an entity with a comparable credit rating. The Company’s bank loans and trust loans payable are privately held (i.e., nonpublic) debt; therefore, pricing inputs are not observable. For this reason, the Company classified bank loans and trust loans payable as a Level 3 FV measurement in the valuation hierarchy. For the Company’s long-term bank loans, and Zhonghong entrusted loans noted above, the Company believes the carrying amounts approximate their FV. Based on the Company’s understanding of the credit markets, the Company’s business is in a sector (energy-saving green) that is supported by the PRC government and the lending bank, the Company believes it could have obtained similar loans on similar terms and interest rates. In addition, in connection with the FV measurement, the Company considered nonperformance risk (including credit risk) relating to the debt obligations, including the following: (i) the Company is considered a low credit risk customer to the lending bank and its creditors; (ii) the Company has a good history of making timely payments and have never defaulted on any loans; and (iii) the Company has a stable and continuous cash inflow from collections from its sales-type lease of energy saving projects. As of December 31, 2017 and 2016, the Company did not identify any assets or liabilities that are required to be presented on the balance sheet at FV.
Stock-Based Compensation	Stock-Based Compensation The Company accounts for its stock-based compensation in accordance with FASB ASC Topic 718 “Compensation—Stock Compensation,” Equity.”
Basic and Diluted Earnings per Share	Basic and Diluted Earnings per Share The Company presents net income (loss) per share (“EPS”) in accordance with FASB ASC Topic 260, “Earning Per Share.” The following table presents a reconciliation of basic and diluted EPS for the year ended December 31, 2017 and 2016: Years Ended 2017 2016 Net income (loss) $ (8,998,259 ) $ 1,827,171 Weighted average shares outstanding – basic 8,310,198 8,310,198 Effect of dilutive securities: Options granted 155 - Weighted average shares outstanding – diluted 8,310,353 8,310,198 Earnings (loss) per share – basic $ (1.08 ) $ 0.22 Earnings (loss) per share – diluted $ (1.08 ) $ 0.22
Foreign Currency Translation and Comprehensive Income (Loss)	Foreign Currency Translation and Comprehensive Income (Loss) The Company’s functional currency is the Renminbi (“RMB”). For financial reporting purposes, RMB were translated into United States Dollars (“USD” or “$”) as the reporting currency. Assets and liabilities are translated at the exchange rate in effect at the balance sheet date. Revenues and expenses are translated at the average rate of exchange prevailing during the reporting period. Translation adjustments arising from the use of different exchange rates from period to period are included as a component of stockholders’ equity as “Accumulated other comprehensive income.” Gains and losses resulting from foreign currency transactions are included in income. There was no significant fluctuation in the exchange rate for the conversion of RMB to USD after the balance sheet date. The Company follows FASB ASC Topic 220, “Comprehensive Income.”
Segment Reporting	Segment Reporting FASB ASC Topic 280, “Segment Reporting,”
New Accounting Pronouncements	New Accounting Pronouncements In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers In February 2016, the FASB issued Accounting Standards Update (“ASU”) No. 2016-02, Leases (Topic 842). The guidance in ASU 2016-02 supersedes the lease recognition requirements in ASC Topic 840, Leases (FAS 13). ASU 2016-02 requires an entity to recognize assets and liabilities arising from a lease for both financing and operating leases, along with additional qualitative and quantitative disclosures. ASU 2016-02 is effective for fiscal years beginning after December 15, 2018, with early adoption permitted. The Company is currently evaluating the effect this standard will have on its CFS. In August 2016, the FASB issued ASU No. 2016-15, Classification of Certain Cash Receipts and Cash Payments. ASU 2016-15 clarifies the presentation and classification of certain cash receipts and cash payments in the statement of cash flows. This ASU is effective for public business entities for fiscal years, and interim periods within those years, beginning after December 15, 2017. Early adoption is permitted. The Company does not anticipate that the adoption of this ASU will have a significant impact on its CFS. In October 2016, the FASB issued ASU No. 2016-16—Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory. This ASU improves the accounting for the income tax consequences of intra-entity transfers of assets other than inventory. For public business entities, the amendments in this update are effective for annual reporting periods beginning after December 15, 2017, including interim reporting periods within those annual reporting periods. Early adoption is permitted. The Company does not anticipate that the adoption of this ASU will have a significant impact on its CFS. In November 2016, the FASB issued ASU No. 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash. The guidance requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Therefore, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The standard is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The standard should be applied using a retrospective transition method to each period presented. The Company does not anticipate that the adoption of this ASU will have a significant impact on its CFS. In January 2017, the FASB issued ASU No. 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business, which clarifies the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions or disposals of assets or businesses. The standard is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted. The standard should be applied prospectively on or after the effective date. The Company will evaluate the impact of adopting this standard prospectively upon any transactions of acquisitions or disposals of assets or businesses. In January 2017, the FASB issued ASU 2017-04, Simplifying the Test for Goodwill Impairment. The guidance removes Step 2 of the goodwill impairment test, which requires a hypothetical purchase price allocation. A goodwill impairment will now be the amount by which a reporting unit’s carrying value exceeds its FV, not to exceed the carrying amount of goodwill. The guidance should be adopted on a prospective basis for the annual or any interim goodwill impairment tests beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The Company is currently evaluating the impact of adopting this standard on its CFS. Other recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the SEC did not or are not believed by management to have a material impact on the Company’s present or future CFS.
Reclassification	Reclassification In November 2015, the FASB issued ASU No. 2015-17 on the balance sheet classification of deferred taxes, which would require that deferred tax assets and liabilities be classified as non-current in the balance sheet. Current GAAP requires the presentation of deferred tax assets and liabilities as either current or non-current in the balance sheet. This ASU is effective for annual reporting periods beginning after December 15, 2016, including interim reporting periods within those annual reporting periods. Earlier adoption is permitted. The guidance may be applied either prospectively or retrospectively. The Company adopted this ASU as of December 31, 2016 on a retrospective basis and reclassified current deferred tax liability (net) to the noncurrent deferred tax liability (net) in the consolidated balance sheet as of December 31, 2016. The reclassification had no effect on reported revenues, operating income, or cash flows for the periods presented.

Summary of Significant Accoun29

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2017
Summary of Significant Accounting Policies [Abstract]
Schedule of property and equipment estimated lives	Building 20 years Vehicles 2 - 5 years Office and Other Equipment 2 - 5 years Software 2 - 3 years
Schedule of reconciliation of basic and diluted earnings per share	Years Ended 2017 2016 Net income (loss) $ (8,998,259 ) $ 1,827,171 Weighted average shares outstanding – basic 8,310,198 8,310,198 Effect of dilutive securities: Options granted 155 - Weighted average shares outstanding – diluted 8,310,353 8,310,198 Earnings (loss) per share – basic $ (1.08 ) $ 0.22 Earnings (loss) per share – diluted $ (1.08 ) $ 0.22

Investment in Sales-Type Leas30

Investment in Sales-Type Leases, Net (Tables)	12 Months Ended
	Dec. 31, 2017
Investment in Sales-Type Leases, Net [Abstract]
Schedule of net investment in sales-type leases	2017 2016 Total future minimum lease payments receivable $ 222,132,929 $ 217,470,913 Less: executory cost (67,212,769 ) (66,444,519 ) Less: unearned interest (29,542,876 ) (35,312,473 ) Less: realized interest income but not yet received (9,869,358 ) (4,621,490 ) Less: allowance for net investment receivable (1,802,822 ) Investment in sales-type leases, net 113,705,104 111,092,431 Current portion 13,076,516 9,385,453 Noncurrent portion $ 100,628,588 $ 101,706,978
Schedule of future minimum rentals to be received on non-cancelable sales-type leases by years	2018 $ 39,761,386 2019 20,102,514 2020 21,795,120 2021 21,002,447 2022 21,939,921 Thereafter 97,531,541 Total $ 222,132,929

Construction in Progress (Table

Construction in Progress (Tables)	12 Months Ended
	Dec. 31, 2017
Construction in Progress [Abstract]
Schedule of construction in progress	2017 2016 Xuzhou Huayu $ 24,976,178 $ 23,525,925 Xuzhou Tian’an 37,814,637 32,471,977 Boxing County Chengli 32,375,158 30,495,280 Total $ 95,165,973 $ 86,493,182

Taxes Payable (Tables)

Taxes Payable (Tables)	12 Months Ended
	Dec. 31, 2017
Taxes Payable [Abstract]
Schedule of taxes payable	2017 2016 Income - current $ 1,097,768 $ 773,397 VAT 1,145,363 366,230 Other 180,649 63,050 Total - current 2,423,780 1,202,677 Income - noncurrent $ 6,998,625 $ -

Accrued Liabilities and Other33

Accrued Liabilities and Other Payables (Tables)	12 Months Ended
	Dec. 31, 2017
Accrued Liabilities and Other Payables [Abstract]
Schedule of accrued liabilities and other payables	2017 2016 Employee training, labor union expenditure and social insurance payable $ 852,316 $ 760,021 Consulting, auditing, and legal expenses 480,057 468,393 Accrued payroll and welfare 261,793 322,605 Accrued interest - 1,569 Other 24,150 43,992 Total $ 1,618,316 $ 1,596,580

Deferred Tax Liability, Net (Ta

Deferred Tax Liability, Net (Tables)	12 Months Ended
	Dec. 31, 2017
Deferred Tax Liability, Net [Abstract]
Schedule of deferred tax liability	2017 2016 Deferred tax asset — current (accrual of employee social insurance) $ 189,617 $ 167,980 Deferred tax liability — current (net investment in sales-type leases) (1,828,246 ) (1,586,058 ) Deferred tax liability, net of current deferred tax asset $ (1,638,629 ) $ (1,418,078 ) Deferred tax asset — noncurrent (depreciation of fixed assets) $ 17,709,919 $ 17,943,843 Deferred tax asset — noncurrent (asset impairment loss) 450,706 - Deferred tax liability — noncurrent (net investment in sales-type leases) (25,157,147 ) (25,426,744 ) Deferred tax liability, net of noncurrent deferred tax asset $ (6,996,522 ) $ (7,482,901 ) Total Deferred tax liability, noncurrent per ASU 2015-17 $ (8,635,151 ) $ 8,900,979

Loans Payable (Tables)

Loans Payable (Tables)	12 Months Ended
	Dec. 31, 2017
Loans Payable [Abstract]
Schedule of future minimum repayment to be made by years	2018 $ 50,825,375 Total $ 50,825,375

Income Tax (Tables)

Income Tax (Tables)	12 Months Ended
	Dec. 31, 2017
Income Tax [Abstract]
Schedule of reconciles US statutory rates to effective tax rate	2017 2016 U.S. statutory rates (34.0 )% 34.0 % Tax rate difference – current provision 7.3 % (16.9 )% Other (- )% 0.7 % Tax rate change for future deferred tax items 11.2 % (10.1 )% Prior periods income tax adjustment per income tax return filed (1.5 )% (2.8 )% Section 965 one-time transition tax 747.3 % Permanent differences 0.4 % (165.9 )% Valuation allowance on PRC NOL 84.2 % 0.1 % Valuation allowance on US NOL 6.0 % 30.0 % Tax (benefit) per financial statements 820.9 % (130.9 )%
Schedule of provision for income taxes expense	2017 2016 Income tax expense – current $ 9,101,025 $ 1,899,005 Income tax benefit – deferred (788,276 ) (2,737,993 ) Total income tax expense (benefit) $ 8,312,749 $ (838,988 )

Stock-Based Compensation Plan (

Stock-Based Compensation Plan (Tables)	12 Months Ended
	Dec. 31, 2017
Stock-Based Compensation Plan [Abstract]
Summary of option activity with respect to employees and independent directors	Number of Shares Average Exercise Price per Share Weighted Average Remaining Contractual Term in Years Outstanding at January 1, 2016 4,000 $ 10.2 4.77 Exercisable at January 1, 2016 4,000 10.2 4.77 Granted - - - Exercised - - - Forfeited - - - Outstanding at December 31, 2016 4,000 10.2 3.77 Exercisable at December 31, 2016 4,000 10.2 3.77 Granted 5,000 1.6 10 Exercised - - - Forfeited - - - Outstanding at December 31, 2017 9,000 5.4 6.41 Exercisable at December 31, 2017 9,000 $ 5.4 6.41

Statutory Reserves (Tables)

Statutory Reserves (Tables)	12 Months Ended
	Dec. 31, 2017
Statutory Reserves [Abstract]
Schedule of maximum statutory reserve amount	Name of Chinese Subsidiaries Registered Capital Maximum Statutory Reserve Amount Statutory reserve at December 31, 2017 Shanghai TCH $ 29,800,000 $ 14,900,000 ¥ 6,564,303 ($1,003,859) Xi’an TCH ¥ 202,000,000 ¥ 101,000,000 ¥ 69,359,820 ($10,606,984) Erdos TCH ¥ 120,000,000 ¥ 60,000,000 ¥ 20,418,368 ($3,122,518) Xi’an Zhonghong ¥ 30,000,000 ¥ 15,000,000 Did not accrue yet due to accumulated deficit Shaanxi Huahong $ 2,500,300 $ 1,250,150 Did not accrue yet due to accumulated deficit Zhongxun ¥ 35,000,000 ¥ 17,500,000 Did not accrue yet due to accumulated deficit

Organization and Description 39

Organization and Description of Business (Details)

Jun. 22, 2016USD ($)

Jun. 22, 2016CNY (¥)

May 24, 2016

Feb. 11, 2015USD ($)

Dec. 12, 2013

Dec. 06, 2013

Sep. 11, 2013USD ($)$ / sharesMWshares

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Apr. 14, 2009USD ($)

May 31, 2016USD ($)

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May 25, 2016

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Jun. 19, 2015

Mar. 31, 2015

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Sep. 28, 2011USD ($)MW

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Dec. 31, 2017USD ($)$ / sharesMW

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Dec. 31, 2017CNY (¥)

Jun. 28, 2014USD ($)$ / sharesshares

Jun. 28, 2014CNY (¥)shares

Mar. 24, 2014CNY (¥)

Sep. 11, 2013CNY (¥)shares

Aug. 31, 2013USD ($)

Jul. 22, 2013USD ($)

Jul. 22, 2013CNY (¥)

Jul. 19, 2013CNY (¥)

Jul. 18, 2013CNY (¥)

Jun. 25, 2013CNY (¥)

Oct. 08, 2012CNY (¥)

May 25, 2011USD ($)

May 25, 2011CNY (¥)

Apr. 14, 2009CNY (¥)

Organization and Description of Business (Textual)

Description of lease term

Xi'an TCH leases the following systems: (i) BMPG systems to Pucheng Phase I and II (15 and 11-year terms, respectively); (ii) BMPG systems to Shenqiu Phase I (11-year term); and (iii) Shenqiu Phase II (9.5-year term). In addition, as of December 31, 2017, Erdos TCH leased power and steam generating systems for recycling waste heat from metal refining to Erdos (five systems) for a term of 20 years.

Xi'an TCH leases the following systems: (i) BMPG systems to Pucheng Phase I and II (15 and 11-year terms, respectively); (ii) BMPG systems to Shenqiu Phase I (11-year term); and (iii) Shenqiu Phase II (9.5-year term). In addition, as of December 31, 2017, Erdos TCH leased power and steam generating systems for recycling waste heat from metal refining to Erdos (five systems) for a term of 20 years.

Payments to Xi'an TCH

$ 25,770,000

¥ 167,360,000

Description of business combination, contingent consideration arrangements

(i) RMB 152,360,000 ($23.46 million) for the construction of the Project; and (ii) RMB 15,000,000 ($2.31 million) as payment for partial loan interest accrued during the construction period. Those amounts have been, or will be, paid by Zhongtai to Xi'an TCH according to the following schedule: (a) RMB 50,000,000 ($7.70 million) was paid within 20 business days after the Transfer Agreement was signed; (b) RMB 30,000,000 ($4.32 million) was paid within 20 business days after the Project is completed, but no later than July 30, 2016; and (c) RMB 87,360,000 ($13.45 million) will be paid no later than July 30, 2017. Xuzhou Taifa Special Steel Technology Co., Ltd. ("Xuzhou Taifa") guaranteed the payments from Zhongtai to Xi'an TCH. The ownership of the Project was conditionally transferred to Zhongtai following the initial payment of RMB 50,000,000 ($7.70 million) by Zhongtai to Xi'an TCH and the full ownership of the Project will be officially transferred to Zhongtai after it completes all payments pursuant to the Transfer Agreement. As of September 30, 2017, Xi'an TCH had received the first payment of $7.70 million and the second payment of $4.32 million. The Company recorded a $2.82 million loss from this transaction in 2016. As of the date of this report, the Company has not yet received the remaining payment of RMB 87,360,000 ($13.45 million). However, the Company received a repayment commitment letter from Zhongtai on February 23, 2018, in which Zhongtai committed to pay the remaining payment of RMB 87,360,000 ($13.45 million) no later than the end of July 2018.

(i) RMB 152,360,000 ($23.46 million) for the construction of the Project; and (ii) RMB 15,000,000 ($2.31 million) as payment for partial loan interest accrued during the construction period. Those amounts have been, or will be, paid by Zhongtai to Xi'an TCH according to the following schedule: (a) RMB 50,000,000 ($7.70 million) was paid within 20 business days after the Transfer Agreement was signed; (b) RMB 30,000,000 ($4.32 million) was paid within 20 business days after the Project is completed, but no later than July 30, 2016; and (c) RMB 87,360,000 ($13.45 million) will be paid no later than July 30, 2017. Xuzhou Taifa Special Steel Technology Co., Ltd. ("Xuzhou Taifa") guaranteed the payments from Zhongtai to Xi'an TCH. The ownership of the Project was conditionally transferred to Zhongtai following the initial payment of RMB 50,000,000 ($7.70 million) by Zhongtai to Xi'an TCH and the full ownership of the Project will be officially transferred to Zhongtai after it completes all payments pursuant to the Transfer Agreement. As of September 30, 2017, Xi'an TCH had received the first payment of $7.70 million and the second payment of $4.32 million. The Company recorded a $2.82 million loss from this transaction in 2016. As of the date of this report, the Company has not yet received the remaining payment of RMB 87,360,000 ($13.45 million). However, the Company received a repayment commitment letter from Zhongtai on February 23, 2018, in which Zhongtai committed to pay the remaining payment of RMB 87,360,000 ($13.45 million) no later than the end of July 2018.

First payment received

$ 7,700,000

¥ 50,000,000

Common stock, par value | $ / shares

$ 0.001

$ 0.001

Reverse stock split

1-for-10 reverse stock split

Options reflects the 10:1 Reverse Stock Split.

10:1 Reverse Stock Split.

10:1 Reverse Stock Split.

Impairment loss

Rongfeng [Member]

Organization and Description of Business (Textual)

Description of long-term contract for purchase of electric power

Rongfeng will pay an energy saving fee from the date when the WHPG station passes the required 72-hour test run. The payment term is 20 years. For the first 10 years, Rongfeng shall pay an energy saving fee at RMB 0.582 ($0.095) per KWH (including tax) for the power generated from the system. For the second 10 years, Rongfeng shall pay an energy saving fee at RMB 0.432 ($0.071) per KWH (including tax). During the term of the contract the energy saving fee shall be adjusted at the same percentage as the change of local grid electricity price. Rongfeng and its parent company will provide guarantees to ensure Rongfeng will fulfill its obligations under the Rongfeng Agreement. Upon the completion of the term, Xi'an TCH will transfer the systems to Rongfeng at RMB 1. Rongfeng shall provide waste heat to the systems for no less than 8,000 hours per year with a temperature no less than 950°C. If these requirements are not met, the term of the Agreement will be extended accordingly. If Rongfeng wants to terminate the Agreement early, it shall provide Xi'an TCH a 60 day notice and pay the termination fee and compensation for the damages to Xi'an TCH according to the following formula: 1) if it is less than five years (including five years) into the term when Rongfeng requests termination, Rongfeng shall pay: Xi'an TCH's total investment amount plus Xi'an TCH's average annual investment return times (five years minus the years of which the system has already operated); 2) if it is more than five years into the term when Rongfeng requests the termination, Rongfeng shall pay: Xi'an TCH's total investment amount minus total amortization cost (the amortization period is 10 years).

Zhongtai [Member]

Organization and Description of Business (Textual)

Description of long-term contract for purchase of electric power

The construction period of the Project is expected to be 18 months from the date when conditions are ready for construction to begin. Zhongtai will start to pay an energy saving service fee from the date when the WHPG station passes the required 72-hour test run. The payment term is 20 years. For the first 10 years, Zhongtai shall pay an energy saving fee at RMB 0.534 ($0.089) per kilowatt hour (KWH) (including value added tax) for the power generated from the system. For the second 10 years, Zhongtai shall pay an energy saving fee at RMB 0.402 ($0.067) per KWH (including value added tax). During the term of the contract the energy saving fee shall be adjusted at the same percentage as the change of local grid electricity price. Zhongtai shall also pay an energy saving fee for the steam supplied by Xi’an TCH at RMB 100 ($16.67) per ton (including value added tax). Zhongtai and its parent company will provide guarantees to ensure Zhongtai will fulfill its obligations under the Agreement. Upon the completion of the term, Xi’an TCH will transfer the systems to Zhongtai at RMB 1 ($0.16). Zhongtai shall provide waste heat to the systems for no less than 8,000 hours per year and waste gas volume no less than 150,000 Normal Meter Cubed (Nm3) per hour with a temperature no less than 950°C. If these requirements are not met, the term of the Agreement will be extended accordingly. If Zhongtai wants to terminate the Zhongtai Agreement early, it shall provide Xi’an TCH a 60 day notice and pay the termination fee and compensation for the damages to Xi’an TCH according to the following formula: (1) if it is less than five years into the term when Zhongtai requests termination, Zhongtai shall pay: Xi’an TCH’s total investment amount plus Xi’an TCH’s annual investment return times five years minus the years in which the system has already operated; or 2) if it is more than five years into the term when Zhongtai requests the termination, Zhongtai shall pay: Xi’an TCH’s total investment amount minus total amortization cost (the amortization period is 10 years).

Biomass Power Generation Asset Transfer Agreement [Member]

Organization and Description of Business (Textual)

Capacity of plant | MW

12

12

Purchase price for power generation systems

$ 16,480,000

¥ 100,000,000

Common stock issuable for power generation systems | shares

8,766,547

8,766,547

Common stock issuable per share for power generation systems | $ / shares

$ 1.87

Lease amount per month

$ 630,000

¥ 3,800,000

Biomass Power Generation Project Lease Agreement [Member]

Organization and Description of Business (Textual)

Leasing fees

$ 279,400

¥ 1,900,000

Lease period

15 years

15 years

Xian Zhonghong New Energy Technology Co., Ltd [Member]

Organization and Description of Business (Textual)

Registered capital

$ 4,850,000

¥ 30,000,000

Contribution percentage in total investment

90.00%

90.00%

90.00%

90.00%

Energy saving solution and services cost

$ 4,370,000

¥ 27,000,000

Boxing County Chengli Gas Supply Co Ltd [Member] | EPC General Contractor Agreement [Member]

Organization and Description of Business (Textual)

Contract price for materials equipment

$ 33,340,000

¥ 200,000,000

Shenqiu Project [Member]

Organization and Description of Business (Textual)

Capacity of plant | MW

12

12

12

Leasing fees

$ 286,000

¥ 1,800,000

Lease period

11 years

11 years

Total cost of project

$ 11,100,000

¥ 68,000,000

Consideration of thermal power generation project

$ 3,570,000

¥ 22,500,000

Consideration of power generation project

$ 10,937,500

¥ 70,000,000

Hongyuan Huifu [Member]

Organization and Description of Business (Textual)

Profit distribution percentage

80.00%

Chengli Waste Heat Power Generation Projects [Member]

Organization and Description of Business (Textual)

Description of long-term contract for purchase of electric power

The term of the Agreements is for 20 years. The watt hours generated by the Chengli Project will be charged at RMB 0.42 ($0.068) per kilowatt hour (excluding tax). The operating time shall be based upon an average 8,000 hours annually. If the operating time is less than 8,000 hours per year due to a reason attributable to Chengli, then time charged shall be 8,000 hours a year, and if it is less than 8,000 hours due to a reason attributable to Zhonghong, then it shall be charged at actual operating hours. The construction of the Chengli Project was completed in the second quarter of 2015 and the project successfully completed commissioning tests in the first quarter of 2017. The Chengli Project is now operational, but will not begin operations until the Company receives the required power generating license, which the Company anticipates receiving in the second quarter of 2018. When operations begin, Chengli shall ensure its coking production line works properly and that working hours for the CDQ system are at least 8,000 hours per year, and Zhonghong shall ensure that working hours for the CDQ WHPG system are at least 7,200 hours per year.

Tianyu Waste Heat Power Generation Project [Member]

Organization and Description of Business (Textual)

Contract price for materials equipment

$ 66,680,000

¥ 400,000,000

Description of long-term contract for purchase of electric power

Upon completion of the Tianyu Project, Zhonghong will charge Tianyu an energy saving fee of RMB 0.534 ($0.087) per kilowatt hour (excluding tax). The operating time will be based upon an average 8,000 hours annually for each of Xuzhou Tian'an and Xuzhou Huayu. If the operating time is less than 8,000 hours per year due to a reason attributable to Tianyu, then time charged will be 8,000 hours a year. Because of the control of the overcapacity and pollution of the iron and steel and related industries, the government has imposed production limitations for the energy-intensive enterprises with heavy pollution, including Xuzhou Tian'an. Xuzhou Tian'an has slowed the construction process for its dry quenching production line which caused the delay of our project. The term of the Tianyu Agreement is 20 years. The construction of the Xuzhou Tian'an Project is anticipated to be completed by the third quarter of 2018. Xuzhou Tian'an will provide the land for the CDQ and CDQ WHPG systems for free. Xuzhou Tian'an also guarantees that it will purchase all the power generated by the CDQ WHPG systems.

Upon completion of the Tianyu Project, Zhonghong will charge Tianyu an energy saving fee of RMB 0.534 ($0.087) per kilowatt hour (excluding tax). The operating time will be based upon an average 8,000 hours annually for each of Xuzhou Tian'an and Xuzhou Huayu. If the operating time is less than 8,000 hours per year due to a reason attributable to Tianyu, then time charged will be 8,000 hours a year. Because of the control of the overcapacity and pollution of the iron and steel and related industries, the government has imposed production limitations for the energy-intensive enterprises with heavy pollution, including Xuzhou Tian'an. Xuzhou Tian'an has slowed the construction process for its dry quenching production line which caused the delay of our project. The term of the Tianyu Agreement is 20 years. The construction of the Xuzhou Tian'an Project is anticipated to be completed by the third quarter of 2018. Xuzhou Tian'an will provide the land for the CDQ and CDQ WHPG systems for free. Xuzhou Tian'an also guarantees that it will purchase all the power generated by the CDQ WHPG systems.

Coal Oven Gas Power Generation Project Repurchase Agreement [Member] | Xi'an TCH Limited Partners [Member]

Organization and Description of Business (Textual)

Payment of transfer price

7,540,000

¥ 50,000,000

Leasing fees

$ 9,350,000

¥ 62,000,000

Lease amount per month

$ 900,000

¥ 6,000,000

$ 900,000

¥ 6,000,000

Payments to Xi'an TCH

$ 16,890,000

¥ 112,000,000

Biomass Power Generation System [Member]

Organization and Description of Business (Textual)

Capacity of plant | MW

12

12

Erdos Metallurgy Company Limited [Member]

Organization and Description of Business (Textual)

Term of joint ventures

20 years

Investment cost

$ 79,000,000

¥ 500,000,000

Erdos Metallurgy Company Limited [Member] | Phase Two [Member]

Organization and Description of Business (Textual)

Capacity of plant | MW

27

27

Erdos Metallurgy Company Limited [Member] | Initial Investment [Member]

Organization and Description of Business (Textual)

Investment cost

$ 17,550,000

¥ 120,000,000

Erdos TCH [Member]

Organization and Description of Business (Textual)

Contribution percentage in total investment

7.00%

7.00%

7.00%

7.00%

Construction cost

$ 1,290,000

¥ 8,000,000

Accumulated profit

$ 226,000

Description of long-term contract for purchase of electric power

On April 28, 2016, Erdos TCH and Erdos entered into a supplemental agreement, effective on May 1, 2016, whereby Erdos TCH cancelled monthly minimum lease payments from Erdos, and charges Erdos based on actual electricity sold at RMB 0.30 / KWH. The selling price of each KWH will be determined annually based on prevailing market conditions.

On April 28, 2016, Erdos TCH and Erdos entered into a supplemental agreement, effective on May 1, 2016, whereby Erdos TCH cancelled monthly minimum lease payments from Erdos, and charges Erdos based on actual electricity sold at RMB 0.30 / KWH. The selling price of each KWH will be determined annually based on prevailing market conditions.

Erdos TCH [Member] | Initial Investment [Member]

Organization and Description of Business (Textual)

Profit distribution percentage

20.00%

Erdos TCH [Member] | After Return of Initial Investment [Member]

Organization and Description of Business (Textual)

Profit distribution percentage

40.00%

Xi'an TCH [Member]

Organization and Description of Business (Textual)

Investment cost

$ 490,000

¥ 3,000,000

Contribution percentage in total investment

93.00%

93.00%

Profit distribution percentage

20.00%

Percentage of accumulated profit

20.00%

Minority interest decrease from redemptions

$ 1,290,000

Lease agreement term, description

The Company recorded a $0.42 million loss from this transaction.

The Company recorded a $0.42 million loss from this transaction.

Payments to Xi'an TCH

$ 25,450,000

¥ 165,200,000

Description of business combination, contingent consideration arrangements

Over several installments. Mr. Cheng Li, the largest stockholder of Rongfeng, has personally guaranteed the payments. The ownership of the Project was conditionally transferred to Rongfeng within 3 business days following the initial payment of RMB 65,200,000 ($10.05 million) by Rongfeng to Xi'an TCH and the full ownership of the Project will be officially transferred to Rongfeng after it completes the entire payment pursuant to the Transfer Agreement.

Over several installments. Mr. Cheng Li, the largest stockholder of Rongfeng, has personally guaranteed the payments. The ownership of the Project was conditionally transferred to Rongfeng within 3 business days following the initial payment of RMB 65,200,000 ($10.05 million) by Rongfeng to Xi'an TCH and the full ownership of the Project will be officially transferred to Rongfeng after it completes the entire payment pursuant to the Transfer Agreement.

Loss from transaction

$ 3,780,000

Full payment received

$ 25,450,000

Xi'an TCH [Member] | Zhongtai Waste Heat Power Generation Energy Management Cooperative Agreement [Member]

Organization and Description of Business (Textual)

Initial payments to Xi'an TCH

$ 7,700,000

Description of waste heat power generation energy management cooperative agreement

Zhongtai agreed to pay to Xi'an TCH an aggregate transfer price of RMB 167,360,000 ($25.77 million) including payments of: (i) RMB 152,360,000 ($23.46 million) for the construction of the Project; and (ii) RMB 15,000,000 ($2.31 million) as payment for partial loan interest accrued during the construction period. Those amounts have been, or will be, paid by Zhongtai to Xi'an TCH according to the following schedule: (a) RMB 50,000,000 ($7.70 million) was paid within 20 business days after the Transfer Agreement was signed; (b) RMB 30,000,000 ($4.32 million) was paid within 20 business days after the Project is completed, but no later than July 30, 2016; and (c) RMB 87,360,000 ($13.45 million) will be paid no later than July 30, 2017. Xuzhou Taifa Special Steel Technology Co., Ltd. ("Xuzhou Taifa") guaranteed the payments from Zhongtai to Xi'an TCH. The ownership of the Project was conditionally transferred to Zhongtai following the initial payment of RMB 50,000,000 ($7.70 million) by Zhongtai to Xi'an TCH and the full ownership of the Project will be officially transferred to Zhongtai after it completes all payments pursuant to the Transfer Agreement. As of September 30, 2017, Xi'an TCH had received the first payment of $7.70 million and the second payment of $4.32 million. The Company recorded a $2.82 million loss from this transaction in 2016. As of the date of this report, the Company has not yet received the remaining payment of RMB 87,360,000 ($13.45 million). However, the Company received a repayment commitment letter from Zhongtai on February 23, 2018, in which Zhongtai committed to pay the remaining payment of RMB 87,360,000 ($13.45 million) no later than the end of July 2018.

Zhongtai agreed to pay to Xi'an TCH an aggregate transfer price of RMB 167,360,000 ($25.77 million) including payments of: (i) RMB 152,360,000 ($23.46 million) for the construction of the Project; and (ii) RMB 15,000,000 ($2.31 million) as payment for partial loan interest accrued during the construction period. Those amounts have been, or will be, paid by Zhongtai to Xi'an TCH according to the following schedule: (a) RMB 50,000,000 ($7.70 million) was paid within 20 business days after the Transfer Agreement was signed; (b) RMB 30,000,000 ($4.32 million) was paid within 20 business days after the Project is completed, but no later than July 30, 2016; and (c) RMB 87,360,000 ($13.45 million) will be paid no later than July 30, 2017. Xuzhou Taifa Special Steel Technology Co., Ltd. ("Xuzhou Taifa") guaranteed the payments from Zhongtai to Xi'an TCH. The ownership of the Project was conditionally transferred to Zhongtai following the initial payment of RMB 50,000,000 ($7.70 million) by Zhongtai to Xi'an TCH and the full ownership of the Project will be officially transferred to Zhongtai after it completes all payments pursuant to the Transfer Agreement. As of September 30, 2017, Xi'an TCH had received the first payment of $7.70 million and the second payment of $4.32 million. The Company recorded a $2.82 million loss from this transaction in 2016. As of the date of this report, the Company has not yet received the remaining payment of RMB 87,360,000 ($13.45 million). However, the Company received a repayment commitment letter from Zhongtai on February 23, 2018, in which Zhongtai committed to pay the remaining payment of RMB 87,360,000 ($13.45 million) no later than the end of July 2018.

Loss from transaction

$ 2,820,000

Second payment received

4,320,000

Xi'an TCH [Member] | Transfer Agreement [Member]

Organization and Description of Business (Textual)

Payments to Xi'an TCH

13,450,000

¥ 87,360,000

Xi'an TCH [Member] | Hongyuan Huifu [Member]

Organization and Description of Business (Textual)

Registered capital

$ 650,000

¥ 4,000,000

Xi'an TCH [Member] | Qitaihe City Boli Yida Coal Selection Co., Ltd. [Member]

Organization and Description of Business (Textual)

Investment cost

$ 18,690,000

¥ 115,000,000

Common stock issuable for power generation systems | shares

8,233,779

8,233,779

Price per share | $ / shares

$ 1.76

Security deposit

$ 490,000

¥ 3,000,000

Common stock value issuable for power generation systems

$ 14,490,000

Share price | $ / shares

$ 2.27

Xi'an TCH [Member] | Initial Investment [Member]

Organization and Description of Business (Textual)

Profit distribution percentage

80.00%

Xi'an TCH [Member] | After Return of Initial Investment [Member]

Organization and Description of Business (Textual)

Profit distribution percentage

60.00%

Xi'an TCH [Member] | Biomass Power Generation System [Member]

Organization and Description of Business (Textual)

Leasing fees

$ 239,000

¥ 1,500,000

Lease period

9 years 6 months

9 years 6 months

HYREF Fund [Member]

Organization and Description of Business (Textual)

Registered capital

$ 830,000

¥ 5,000,000

Subscribed amount of initial capital contribution

77,000,000

460,000,000

Total fund capital contribution

$ 76,660,000

460,000,000

Partnership expiration

Jul. 18, 2019

Payments to Xi'an TCH

$ 12,500,000

¥ 75,000,000

HYREF Fund [Member] | China Orient Asset Management Co., Ltd [Member]

Organization and Description of Business (Textual)

Subscribed amount of initial capital contribution

$ 46,670,000

280,000,000

HYREF Fund [Member] | Xi'an TCH Limited Partners [Member]

Organization and Description of Business (Textual)

Subscribed amount of initial capital contribution

77,000,000

HYREF Fund [Member] | Hongyuan Huifu [Member]

Organization and Description of Business (Textual)

Subscribed amount of initial capital contribution

$ 16,670,000

¥ 100,000,000

Hongyuan Recycling Energy Investment Management Beijing Co., Ltd. [Member]

Organization and Description of Business (Textual)

Registered capital

$ 1,450,000

¥ 10,000,000

Ownership percentage

40.00%

Xiant Chenergy Tech Coltd [Member]

Organization and Description of Business (Textual)

Registered capital

$ 5,695,502

¥ 35,000,000

Ownership percentage

100.00%

Yinghua [Member]

Organization and Description of Business (Textual)

Registered capital

$ 30,000,000

Ownership percentage

100.00%

Summary of Significant Accoun40

Summary of Significant Accounting Policies (Details)	12 Months Ended
	Dec. 31, 2017
Building [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	20 years
Vehicles [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	5 years
Vehicles [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	2 years
Office and Other Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	5 years
Office and Other Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	2 years
Software [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	3 years
Software [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	2 years

Summary of Significant Accoun41

Summary of Significant Accounting Policies (Details 1) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Schedule of reconciliation of basic and diluted earnings per share
Net income (loss)	$ (8,998,259)	$ 1,827,171
Weighted average shares outstanding - basic	8,310,198	8,310,198
Effect of dilutive securities:
Options granted	155
Weighted average shares outstanding - diluted	8,310,353	8,310,198
Earnings (loss) per share - basic	$ (1.08)	$ 0.22
Diluted earnings / (loss) per share	$ (1.08)	$ 0.22

Summary of Significant Accoun42

Summary of Significant Accounting Policies (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Jul. 15, 2013
Summary of Significant Accounting Policies (Textual)
Accounts receivable	$ 13,369,655	$ 12,593,340
Interest receivable on sales type leases	9,869,357	4,621,491
Asset impairment loss	38,859	242,305
Bad debt allowance for net investment receivable	$ (1,802,822)
Description of corporate income tax rate	The provisions of the Tax Act that may have significant impact on the Company include the permanent reduction of the corporate income tax rate from 35% to 21% effective for tax years including or commencing on January 1, 2018.
U.S. corporate income taxes	21.00%
U.S. corporate income taxes for prior	35.00%
Xi'an TCH [Member]
Summary of Significant Accounting Policies (Textual)
Equity method investment, ownership percentage	100.00%
Erdos TCH [Member]
Summary of Significant Accounting Policies (Textual)
Equity method investment, ownership percentage	100.00%
Zhonghong [Member]
Summary of Significant Accounting Policies (Textual)
Equity method investment, ownership percentage	90.00%		10.00%
Sale leaseback transaction, amount due under financing arrangement		$ 48,080,000

Notes Receivable - Bank Accep43

Notes Receivable - Bank Acceptance (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Notes Receivable - Bank Acceptance (Textual)
Outstanding notes receivable	$ 979,462
Bank acceptance transferred	$ 1,410,000

Investment in Sales-Type Leas44

Investment in Sales-Type Leases, Net (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Investment in Sales-Type Leases, Net [Abstract]
Total future minimum lease payments receivable	$ 222,132,929	$ 217,470,913
Less: executory cost	(67,212,769)	(66,444,519)
Less: unearned interest	(29,542,876)	(35,312,473)
Less: realized interest income but not yet received	(9,869,358)	(4,621,490)
Less: allowance for net investment receivable	(1,802,822)
Investment in sales-type leases, net	113,705,104	111,092,431
Current portion	13,076,516	9,385,453
Noncurrent portion	$ 100,628,588	$ 101,706,978

Investment in Sales-Type Leas45

Investment in Sales-Type Leases, Net (Details 1) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Investment in Sales-Type Leases, Net [Abstract]
2,018	$ 39,761,386
2,019	20,102,514
2,020	21,795,120
2,021	21,002,447
2,022	21,939,921
Thereafter	97,531,541
Total	$ 222,132,929	$ 217,470,913

Investment in Sales-Type Leas46

Investment in Sales-Type Leases, Net (Details Textual)	12 Months Ended
	Dec. 31, 2017
Investment in Sales-Type Leases, Net (Textual)
Sale leaseback transaction lease, Terms	Under sales-type leases, Xi'an TCH leases the following systems: (i) BMPG systems to Pucheng Phase I and II (15 and 11 year terms, respectively); (ii) BMPG systems to Shenqiu Phase I (11-year term); and (iii) Shenqiu Phase II (9.5-year term). In addition, as of December 31, 2017, Erdos TCH leased power and steam generating systems from waste heat from metal refining to Erdos (five systems) for a term of twenty years.

Prepaid Expenses (Details)

Prepaid Expenses (Details) ¥ in Millions	12 Months Ended
	Dec. 31, 2017USD ($)	Dec. 31, 2017CNY (¥)	Dec. 31, 2016USD ($)
Prepaid Expenses (Textual)
Percentage of funds raised	2.00%	2.00%
Consulting fee	$ 1,500,000	¥ 9.2
Percentage of funds actually contributed	2.00%	2.00%
Prepaid consulting expense	$ 710,000		$ 650,000
Prepaid tax	$ 34,026		$ 32,050

Other Receivables (Details)

Other Receivables (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Other Receivables (Textual)
Advance to third party	$ 7,652	$ 530,000
Maintenance cost and tax receivable	$ 3,060,000
Advances to employees		$ 20,000

Long Term Investment (Details)

Long Term Investment (Details) ¥ in Millions	1 Months Ended		12 Months Ended
	Jul. 18, 2013USD ($)Projects	Jun. 25, 2013USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Jul. 18, 2013CNY (¥)	Jun. 25, 2013CNY (¥)
HYREF Fund [Member]
Long Term Investment (Textual)
Investment cost	$ 830,000				¥ 5
Subscribed amount of initial capital contribution	$ 10,810,000				¥ 75
Number of investments | Projects	3
Term of investment	6 years
Xi'an TCH [Member]
Long Term Investment (Textual)
Original investment by subsidiary		$ 650,000				¥ 4
Profit distribution percentage		20.00%
Percentage of owned fund	16.30%				16.30%
Equity based investment loss | $			$ 176,481	$ 258,817
Xi'an TCH [Member] | Ownership Interest [Member]
Long Term Investment (Textual)
Profit distribution percentage		40.00%
Xi'an TCH [Member] | HYREF Fund [Member]
Long Term Investment (Textual)
Cost method investments	$ 10,810,000				¥ 75
China Orient Asset Management Co., Ltd [Member] | HYREF Fund [Member]
Long Term Investment (Textual)
Original investment by subsidiary	46,670,000				280
Hongyuan Recycling Energy Investment Management Beijing Co., Ltd [Member]
Long Term Investment (Textual)
Registered capital		$ 1,600,000				¥ 10
HongyuanHuifu [Member]
Long Term Investment (Textual)
Profit distribution percentage		80.00%
HongyuanHuifu [Member] | Xi'an TCH [Member]
Long Term Investment (Textual)
Subscribed amount of initial capital contribution	16,670,000				100
Zhonghong [Member]
Long Term Investment (Textual)
Total fund capital contribution	$ 75,000,000				¥ 460

Construction in Progress (Detai

Construction in Progress (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Schedule of Construction in Progress [Line Items]
Construction in progress	$ 95,165,973	$ 86,493,182
Xuzhou Huayu [Member]
Schedule of Construction in Progress [Line Items]
Construction in progress	24,976,178	23,525,925
Xuzhou Tian'an [Member]
Schedule of Construction in Progress [Line Items]
Construction in progress	37,814,637	32,471,977
Boxing County Chengli [Member]
Schedule of Construction in Progress [Line Items]
Construction in progress	$ 32,375,158	$ 30,495,280

Construction in Progress (Det51

Construction in Progress (Details Textual) $ in Thousands	12 Months Ended
	Dec. 31, 2017USD ($)
Xuzhou Huayu project [Member]
Construction in Progress (Textual)
Additional construction in progress	$ 12,240
Xuzhou Tian'an project [Member]
Construction in Progress (Textual)
Additional construction in progress	4,250
Boxing County Chengli project [Member]
Construction in Progress (Textual)
Additional construction in progress	$ 4,720

Taxes Payable (Details)

Taxes Payable (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Taxes Payable [Line Items]
Income - current	$ 1,097,768	$ 773,397
VAT	1,145,363	366,230
Other	180,649	63,050
Total - current	2,423,780	1,202,677
Income - noncurrent	$ 6,998,625

Taxes Payable (Details Textual)

Taxes Payable (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Taxes Payable (Textual)
Income tax payable, current	$ 2,423,780	$ 1,202,677
Income tax payable noncurrent	6,998,625
Income tax payable	$ 7,600,000
Tax liability installments, description	An election is available for the US shareholder of foreign company to pay the tax liability in installments over a period of eight years with 8% of net tax liability in the first five years, 15% in the sixth year, 20% in the seventh year, and 25% in the eighth year.

Accrued Liabilities and Other54

Accrued Liabilities and Other Payables (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Accounts Payable and Accrued Liabilities [Line Items]
Accrued liabilities and other payables	$ 1,618,316	$ 1,596,580
Employee training, labor union expenditure and social insurance payable [Member]
Accounts Payable and Accrued Liabilities [Line Items]
Accrued liabilities and other payables	852,316	760,021
Consulting, auditing, and legal expenses [Member]
Accounts Payable and Accrued Liabilities [Line Items]
Accrued liabilities and other payables	480,057	468,393
Accrued payroll and welfare [Member]
Accounts Payable and Accrued Liabilities [Line Items]
Accrued liabilities and other payables	261,793	322,605
Accrued interest [Member]
Accounts Payable and Accrued Liabilities [Line Items]
Accrued liabilities and other payables		1,569
Other [Member]
Accounts Payable and Accrued Liabilities [Line Items]
Accrued liabilities and other payables	$ 24,150	$ 43,992

Deferred Tax Liability, Net (De

Deferred Tax Liability, Net (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Summary of deferred tax liability
Deferred tax asset - current (accrual of employee social insurance)	$ 189,617	$ 167,980
Deferred tax liability - current (net investment in sales-type leases)	(1,828,246)	(1,586,058)
Deferred tax liability, net of current deferred tax asset	(1,638,629)	(1,418,078)
Deferred tax asset - noncurrent (depreciation of fixed assets)	17,709,919	17,943,843
Deferred tax asset - noncurrent (asset impairment loss)	450,706
Deferred tax liability - noncurrent (net investment in sales-type leases)	(25,157,147)	(25,426,744)
Deferred tax liability, net of noncurrent deferred tax asset	(6,996,522)	(7,482,901)
Total Deferred tax liability, noncurrent per ASU 2015-17	$ 8,635,151	$ 8,900,979

Loans Payable (Details)

Loans Payable (Details) - Bank Loans and Entrusted Loan [Member]	Dec. 31, 2017USD ($)
Future minimum repayment
2,018	$ 50,825,375
Total	$ 50,825,375

Loans Payable (Details Textual)

Loans Payable (Details Textual) $ in Thousands, ¥ in Millions

Aug. 06, 2017USD ($)

Aug. 06, 2017CNY (¥)

Aug. 05, 2016USD ($)

Aug. 05, 2016CNY (¥)

Jul. 31, 2013CNY (¥)

Dec. 31, 2017USD ($)

Dec. 31, 2016USD ($)

Dec. 31, 2017CNY (¥)

Aug. 06, 2017CNY (¥)

Aug. 06, 2016USD ($)

Aug. 06, 2016CNY (¥)

Jul. 31, 2013USD ($)

Jul. 31, 2013CNY (¥)

Loans Payable (Textual)

Percentage of service fee on loan

0.10%

Long term debt maturities repayments of principal in fourth year

$ 16,270

¥ 100

Long term debt maturities repayments of principal in fifth year

12,520

¥ 77

Interest rate

9.00%

9.00%

Interest rate terms

The Company applied for a lower interest rate from the lender in January 2017, and the lender tentatively agreed to lower the interest rate to 9% in December 2017 subject to the approval from its headquarters. The Company planned to repay the interest once the lender's internal approval procedure is officially completed. As of December 31, 2017, the interest payable for this loan was $8.13 million.

Debt amount paid

$ 7,540

¥ 50

Remaining debt amount

$ 45,540

¥ 280

$ 34,680

¥ 230

Term of loan, Description

The term of this loan is for 60 months from July 31, 2013 to July 30, 2018.

Interest payable for loan

$ 8,130

Description of remaining loan balance

The Company negotiated with the lender again for further extending the remaining loan balance of RMB 230 million ($34.68 million), RMB 100 million ($16.27 million), and RMB 77 million ($12.52 million) (which included investment from Xi'an TCH of RMB 75 million and was netted off with the entrusted loan payable of the HYREF Fund in the balance sheet). The lender has tentatively agreed to extend the remaining loan balance for another two years until August 2019 with an adjusted annual interest rate of 9%, subject to the final approval from its headquarters.

Xi'an TCH [Member]

Loans Payable (Textual)

Capitalized interest to construction in progress | ¥

¥ 27

Loan payable outstanding balance

$ 11,470

Entrusted loan [Member]

Loans Payable (Textual)

Debt investments

$ 74,500

¥ 457

Description of loan payable one

During the first three years from the first release of the loan, the balance in its account shall be no less than RMB 7.14 million ($1.19 million) on the 20th day of the second month of each quarter and no less than RMB 14.28 million ($2.38 million) on the 14th day of the last month of each quarter.

Description of loan payable two

During the fourth year from the first release of the loan, the balance in its account shall be no less than RMB 1.92 million ($0.32 million) on the 20th day of the second month of each quarter and no less than RMB 3.85 million ($0.64 million) on the 14th day of the last month of each quarter.

Description of loan payable three

During the fifth year from the first release of the loan, the balance in its account shall be no less than RMB 96,300 ($16,050) on the 20th day of the second month of each quarter and no less than RMB 192,500 ($32,080) on the 14th day of the last month of each quarter.

Long term debt maturities repayments of principal in third year

$ 42,220

¥ 280

Interest rate

12.50%

12.50%

Interest expense

$ 4,410

$ 5,570

Capitalized interest to construction in progress

3,340

$ 2,750

Loan payable outstanding balance

62,290

Entrusted loan [Member] | Xi'an TCH [Member]

Loans Payable (Textual)

Loan payable

$ 11,470

Zhonghong [Member]

Loans Payable (Textual)

Debt investments

74,500

457

Total fund capital contribution

75,000

460

Long term debt maturities repayments of principal in third year

$ 42,220

¥ 280

HYREF Fund [Member]

Loans Payable (Textual)

Equity investments

$ 500

¥ 3

Loans Payable (Details Textual

Loans Payable (Details Textual 1)	1 Months Ended
	Jun. 26, 2015USD ($)	Jun. 26, 2015CNY (¥)	Dec. 31, 2017	Jun. 26, 2015CNY (¥)
Loans Payable (Textual)
Interest rate			9.00%
Bank of Xi'an [Member]
Loans Payable (Textual)
Bank loans payable issued	$ 6,290,000			¥ 40,000,000
Debt instrument maturity date	Jun. 25, 2016	Jun. 25, 2016
Interest rate	0.595%			0.595%
Re-guarantee service fee	$ 149,341	¥ 950,000

Loans Payable (Details Textua59

Loans Payable (Details Textual 2)	Apr. 11, 2014USD ($)	Apr. 11, 2014CNY (¥)	Dec. 31, 2017	Apr. 11, 2014CNY (¥)
Loans Payable (Textual)
Interest rate			9.00%
Bank of Chongqing [Member]
Loans Payable (Textual)
Bank loans payable issued	$ 8,130,000			¥ 50,000,000
Debt instrument maturity term	3 years	3 years
Debt instrument maturity date	Apr. 10, 2017	Apr. 10, 2017
Interest rate	9.225%			9.225%
Monthly interest payments to make a principal payment	$ 810,000	¥ 5,000,000
Remaining loans receivable	7,320,000	45,000,000
Re-guarantee service fee	$ 155,280	¥ 950,000

Refundable Deposit from Custo60

Refundable Deposit from Customers for Systems Leasing (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Pucheng and Shengqiu [Member]
Refundable Deposit from Customers for Systems Leasing (Textual)
Balance of refundable deposit from customers	$ 1,086,591	$ 1,023,497

Related Party Transactions (Det

Related Party Transactions (Details) ¥ in Thousands	11 Months Ended		12 Months Ended
	Nov. 29, 2017USD ($)	Nov. 29, 2017CNY (¥)	Dec. 31, 2017USD ($)	Dec. 31, 2017CNY (¥)	Dec. 31, 2016USD ($)	Dec. 31, 2016CNY (¥)
Related Party Transactions (Textual)
Advance to related party			$ 43,623		$ 44,059
Pucheng Xin Heng Yuan Biomass Power Generation Corporation [Member]
Related Party Transactions (Textual)
Interest income	$ 3,600,000	¥ 24,310	$ 3,920,000	¥ 26,440	4,290,000	¥ 28,470
Qitaihe City Boli Yida Coal Selection Co., Ltd. [Member]
Related Party Transactions (Textual)
Interest income					$ 2,090,000	¥ 13,830

Noncontrolling Interest (Detail

Noncontrolling Interest (Details) ¥ in Millions	Jul. 15, 2013USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Jul. 15, 2013CNY (¥)
Noncontrolling Interest (Textual)
Net losses attributable to noncontrolling interest		$ 327,147	$ 347,136
Xi'an TCH [Member]
Noncontrolling Interest (Textual)
Capital	$ 4,880,000			¥ 30
Equity investments	$ 4,370,000			¥ 27
Equity method investment, ownership percentage	90.00%			90.00%
Indirect ownership, description	The HYREF Fund was 16.3% owned by Xi'an TCH and 1.1% owned by the Fund Management Company, and the Fund Management Company was 40% owned by Xi'an TCH as described in Note 7, which resulted in an additional indirect ownership of Xi'an TCH in Zhonghong of 1.7%.
Zhonghong [Member]
Noncontrolling Interest (Textual)
Equity method investment, ownership percentage	10.00%	90.00%		10.00%
Noncontrolling interest, ownership percentage	8.30%			8.30%

Income Tax (Details)

Income Tax (Details)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Schedule of reconciles US statutory rates to effective tax rate
U.S. statutory rates	(34.00%)	34.00%
Tax rate difference - current provision	7.30%	(16.90%)
Other		0.70%
Tax rate change for future deferred tax items	11.20%	(10.10%)
Prior periods income tax adjustment per income tax return filed	(1.50%)	(2.80%)
Section 965 one-time transition tax	747.30%
Permanent difference	0.40%	(165.90%)
Valuation allowance on PRC NOL	84.20%	0.10%
Valuation allowance on US NOL	6.00%	30.00%
Tax (benefit) per financial statements	820.90%	(130.90%)

Income Tax (Details 1)

Income Tax (Details 1) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Schedule of provision for income tax expenses
Income tax expense - current	$ 9,101,025	$ 1,899,005
Income tax benefit - deferred	(788,276)	(2,737,993)
Total income tax expense (benefit)	$ 8,312,749	$ (838,988)

Income Tax (Details Textual)

Income Tax (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2013
Income Tax (Textual)
Effective income tax rate	820.90%	(130.90%)
Net operating losses	$ 14,320,000
Provisional tax expense	8,312,749	$ (838,988)
Foreign pretax earnings	830,000	$ 1,210,000
Undistributed earnings	$ 99,370,000
Deferred tax asset valuation allowance	100.00%
Operating income loss carryforwards, period	20 years
Minimum [Member]
Income Tax (Textual)
Effective income tax rate	21.00%
Maximum [Member]
Income Tax (Textual)
Effective income tax rate	35.00%
Chinese subsidiaries [Member]
Income Tax (Textual)
Effective income tax rate	25.00%
Yinghua and Shanghai TCH [Member]
Income Tax (Textual)
Effective income tax rate	25.00%	25.00%
Xi'an TCH [Member]
Income Tax (Textual)
Effective income tax rate	25.00%		15.00%
Huahong, Zhonghong and Erdos TCH [Member]
Income Tax (Textual)
Effective income tax rate	25.00%	25.00%

Stock-Based Compensation Plan66

Stock-Based Compensation Plan (Details) - Independent directors compensation plan [Member] - $ / shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Number of Shares
Beginning Balance, Outstanding	4,000	4,000
Beginning Balance, Exercisable	4,000	4,000
Granted	5,000
Exercised
Forfeited
Ending Balance, Outstanding	9,000	4,000
Ending Balance, Exercisable	9,000	4,000
Average Exercise Price per Share
Beginning Balance, Outstanding	$ 10.2	$ 10.2
Beginning Balance, Exercisable	10.2	10.2
Granted	1.6
Exercised
Forfeited
Ending Balance, Outstanding	5.4	10.2
Ending Balance, Exercisable	$ 5.4	$ 10.2
Weighted Average Remaining Contractual Term in Years
Outstanding	3 years 9 months 7 days	4 years 9 months 7 days
Exercisable	3 years 9 months 7 days	4 years 9 months 7 days
Granted	10 years	0 years
Exercised	0 years	0 years
Forfeited	0 years	0 years
Outstanding	6 years 4 months 28 days	3 years 9 months 7 days
Exercisable	6 years 4 months 28 days	3 years 9 months 7 days

Stock-Based Compensation Plan67

Stock-Based Compensation Plan (Details Textual) - USD ($)	Apr. 27, 2017	May 24, 2016	May 25, 2016	Jun. 19, 2015	Apr. 24, 2015	Mar. 31, 2015	Dec. 31, 2017	Dec. 31, 2016
Stock-Based Compensation Plan (Textual)
Common stock, par value							$ 0.001	$ 0.001
Reverse stock split		1-for-10 reverse stock split	Options reflects the 10:1 Reverse Stock Split.	10:1 Reverse Stock Split.		10:1 Reverse Stock Split.
Compensation expense for stock options							$ 7,647	$ 0
CFO [Member]
Stock-Based Compensation Plan (Textual)
Share based payment award, grants	5,000
Options exercise price per share	$ 1.61
Options estimated life	10 years
Expected volatility rate	124.00%
Risk free interest rate	2.30%
Dividend yield	0.00%
Fair value of stock options at the grant date	$ 7,647
FV of stock option	5,000
Mr. Cangsang Huang [Member]
Stock-Based Compensation Plan (Textual)
Options exercise price per share					$ 1.02
Net number of share options granted					40,000
Reverse stock split					10:1 Reverse Stock Split.
Independent directors compensation plan [Member]
Stock-Based Compensation Plan (Textual)
Share based payment award, grants						40,000
Closing price of stock						$ 1.02
Common stock, par value						$ 0.001
Compensation per month						$ 2,000
Options estimated life						5 years
Expected volatility rate						82.00%
Risk free interest rate						1.37%
Dividend yield						0.00%
Fair value of stock options at the grant date						$ 26,528
FV of stock option						40,000
Equity Plan [Member]
Stock-Based Compensation Plan (Textual)
Share based payment award, grants				12,462,605

Statutory Reserves (Details)

Statutory Reserves (Details) - Dec. 31, 2017	USD ($)	CNY (¥)
Shanghai TCH [Member]
Schedule Of Statutory Reserves [Line Items]
Capital	$ 29,800,000
Maximum statutory reserve amount	14,900,000
Statutory reserve	1,003,859	¥ 6,564,303
Xi'an TCH [Member]
Schedule Of Statutory Reserves [Line Items]
Capital | ¥		202,000,000
Maximum statutory reserve amount | ¥		101,000,000
Statutory reserve	10,606,984	69,359,820
Erdos TCH [Member]
Schedule Of Statutory Reserves [Line Items]
Capital | ¥		120,000,000
Maximum statutory reserve amount | ¥		60,000,000
Statutory reserve	3,122,518	20,418,368
Xi'an Zhonghong [Member]
Schedule Of Statutory Reserves [Line Items]
Capital | ¥		30,000,000
Maximum statutory reserve amount | ¥		¥ 15,000,000
Statutory reserve
Shaanxi Huahong [Member]
Schedule Of Statutory Reserves [Line Items]
Capital	2,500,300
Maximum statutory reserve amount	1,250,150
Statutory reserve
Zhongxun [Member]
Schedule Of Statutory Reserves [Line Items]
Capital	35,000,000
Maximum statutory reserve amount	17,500,000
Statutory reserve

Statutory Reserves (Details Tex

Statutory Reserves (Details Textual)	12 Months Ended
	Dec. 31, 2017
Surplus Reserve Fund [Member]
Statutory Reserves (Textual)
Description of fund	The Company’s Chinese subsidiaries are required to transfer 10% of their net income, as determined under PRC accounting rules and regulations, to a statutory surplus reserve fund until such reserve balance reaches 50% of the Company’s registered capital.
Total reserve percentage, description	The remaining reserve balance after such issue is not less than 25% of the registered capital.
Common Welfare Fund [Member]
Statutory Reserves (Textual)
Description of fund	The common welfare fund is a voluntary fund to which the Company can transfer 5% to 10% of its net income.

Contingencies (Details)

Contingencies (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Contingencies (Textual)
Outstanding notes receivable	$ 979,462	$ 0
Vendors [Member]
Contingencies (Textual)
Outstanding notes receivable		$ 1,410,000

Commitments (Details)

Commitments (Details)	Mar. 04, 2014USD ($)	Nov. 20, 2017USD ($)	Nov. 20, 2017CNY (¥)	Mar. 05, 2016USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)
Commitments (Textual)
Operating lease term	2 years			2 years
Lease agreement, description		On November 20, 2017, Xi'an TCH entered a lease agreement for its office use for a lease term from December 1, 2017 through November 30, 2020.	On November 20, 2017, Xi'an TCH entered a lease agreement for its office use for a lease term from December 1, 2017 through November 30, 2020.
Monthly rental payment	$ 20,140	$ 5,600	¥ 36,536	$ 21,804
Rental expense					$ 197,143	$ 245,699
Annual rental payment in 2018					67,200
Annual rental payment in 2019					67,200
Annual rental payment in 2020					$ 61,600