Smart Powerr (CREG) 10-K 16 Apr 19 2018 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2018	Apr. 12, 2019	Jun. 29, 2018
Document and Entity Information [Abstract]
Entity Registrant Name	CHINA RECYCLING ENERGY CORP
Entity Central Index Key	0000721693
Trading Symbol	CREG
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Type	10-K
Document Period End Date	Dec. 31, 2018
Document Fiscal Year Focus	2018
Document Fiscal Period Focus	FY
Entity Well Known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Shell Company	false
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Ex Transition Period	false
Entity Public Float			$ 8,708,154
Entity Common Stock, Shares Outstanding		13,747,226

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2018	Dec. 31, 2017
CURRENT ASSETS
Cash and equivalents	$ 53,223,142	$ 49,830,243
Notes receivable		979,462
Accounts receivable	11,755,251	15,858,804
Current portion of investment in sales-type leases, net		11,531,745
Interest receivable on sales type leases	9,336,140	9,619,278
Prepaid expenses	32,395	739,423
Other receivables	1,574,376	1,169,660
Total current assets	75,921,304	89,728,615
NON-CURRENT ASSETS
Investment in sales-type leases, net	24,962,056	46,110,374
Long term investment	475,635	514,896
Long term deposit	15,971	16,775
Property and equipment, net	27,495,049	11,957
Construction in progress	42,582,177	95,165,973
Total non-current assets	95,530,888	141,819,975
TOTAL ASSETS	171,452,192	231,548,590
CURRENT LIABILITIES
Accounts payable	5,591,876	3,229,163
Taxes payable	3,636,559	2,423,780
Accrued liabilities and other payables	1,617,997	1,618,316
Due to related parties	41,168	43,623
Loans payable - current
Interest payable on entrusted loans	17,473,492	8,131,256
Current portion of entrusted loan payable	48,373,936	50,825,375
Total current liabilities	76,735,028	66,271,513
NONCURRENT LIABILITIES
Convertible note payable, net of unamortized OID and debt issuing costs	1,031,849
Accrued interest on convertible note	40,572
Income tax payable	6,390,625	6,998,625
Deferred tax liability, net	3,040,346	2,157,414
Refundable deposit from customers for systems leasing	1,034,503	1,086,591
Entrusted loan payable
Total noncurrent liabilities	11,537,895	10,242,630
Total liabilities	88,272,923	76,514,143
CONTINGENCIES AND COMMITMENTS
STOCKHOLDERS' EQUITY
Common stock, $0.001 par value; 20,000,000 shares authorized, 10,295,280 and 8,310,198 shares issued and outstanding	10,295	8,310
Additional paid in capital	114,484,018	111,796,813
Statutory reserve	14,525,712	14,525,712
Accumulated other comprehensive income (loss)	(4,620,930)	860,553
Retained earnings (Accumulated deficit)	(37,675,202)	28,321,696
Total Company stockholders' equity	86,723,893	155,513,084
Noncontrolling interest	(3,544,624)	(478,637)
Total equity	83,179,269	155,034,447
TOTAL LIABILITIES AND EQUITY	$ 171,452,192	$ 231,548,590

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	20,000,000	20,000,000
Common stock, shares issued	10,295,280	8,310,198
Common stock, shares outstanding	10,295,280	8,310,198

Consolidated Statements of Inco

Consolidated Statements of Income and Comprehensive Income (Loss) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Revenue
Contingent rental income	$ 4,888,016	$ 6,489,504
Interest income on sales-type leases	3,312,465	6,610,169
Total operating income	8,200,481	13,099,673
Operating expenses
Bad debt expense	32,210,656	1,744,717
Asset impairment loss on fixed assets and construction in progress	28,429,789
General and administrative	5,548,475	5,548,509
Total operating expenses	66,188,920	7,293,226
Income (loss) from operations	(57,988,439)	5,806,447
Non-operating income (expenses)
Interest income	153,532	143,606
Interest expense	(8,738,148)	(5,564,473)
Other expenses	(42)	(15,802)
Total non-operating expenses, net	(8,584,658)	(5,436,669)
Income (loss) before income tax	(66,573,097)	369,778
Income tax expense	2,627,458	8,039,476
Loss before noncontrolling interest	(69,200,555)	(7,669,698)
Less: loss attributable to noncontrolling interest	(3,203,657)	(327,147)
Net loss attributable to China Recycling Energy Corporation	(65,996,898)	(7,342,551)
Other comprehensive items
Foreign currency translation gain (loss) attributable to China Recycling Energy Corporation	(5,481,483)	9,275,654
Foreign currency translation gain (loss) attributable to noncontrolling interest	137,670	(19,059)
Comprehensive income (loss) attributable to China Recycling Energy Corporation	(71,478,381)	1,933,103
Comprehensive loss attributable to noncontrolling interest	$ (3,065,987)	$ (346,206)
Basic weighted average shares outstanding	8,658,267	8,310,198
Diluted weighted average shares outstanding	8,705,895	8,310,353
Basic loss per share	$ (7.62)	$ (0.88)
Diluted loss per share	$ (7.62)	$ (0.88)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:
Loss including noncontrolling interest	$ (69,200,555)	$ (7,669,698)
Adjustments to reconcile loss including noncontrolling interest to net cash provided by (used in) operating activities:
Depreciation	2,041	1,332
Amortization of OID and debt issuing costs of convertible note	16,589
Bad debt expense	32,210,656	1,744,717
Asset impairment loss	28,429,789
Stock option expense		7,647
Investment income (loss)	(469)	176,481
Changes in deferred tax	1,022,985	(1,061,548)
Changes in assets and liabilities:
Interest receivable on sales type leases	(184,591)	(4,561,000)
Collection of principal on sales type leases	2,444,151	1,305,124
Prepaid expenses	696,525	(14,083)
Other receivables	(461,789)	(509,529)
Accounts receivables	(159,283)	(2,408,924)
Notes receivable	967,144	(947,894)
Construction in progress	(7,130,851)	(3,233,251)
Accounts payable	2,611,011	1,576,876
Taxes payable	717,487	8,128,237
Interest payable on entrusted loan	10,093,477	7,638,951
Accrued liabilities and other payables	93,968	(458,541)
Net cash provided by (used in) operating activities	2,168,285	(285,103)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of loans		(740,542)
Proceeds from issuance of common stock	2,689,190
Convertible note payable	1,000,000
Net cash provided by (used in) financing activities	3,689,190	(740,542)
EFFECT OF EXCHANGE RATE CHANGE ON CASH AND EQUIVALENTS	(2,464,576)	3,103,535
NET INCREASE IN CASH AND EQUIVALENTS	3,392,899	2,077,890
CASH AND EQUIVALENTS, BEGINNING OF YEAR	49,830,243	47,752,353
CASH AND EQUIVALENTS, END OF YEAR	53,223,142	49,830,243
Supplemental cash flow data:
Income tax paid	1,160,017	1,815,010
Interest paid		$ 14,614

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($)	Common stock	Paid-in capital	Statutory reserves	Other comprehensive income (loss)	Retained earnings (accumulated deficit))	Total	Noncontrolling interest
Balance at Dec. 31, 2016	$ 8,310	$ 111,789,166	$ 14,296,223	$ (8,415,101)	$ 35,893,736	$ 153,572,334	$ (132,431)
Balance, shares at Dec. 31, 2016	8,310,198
Net loss for year					(7,342,551)	(7,342,551)	(327,147)
Stock options issued		7,647				7,647
Transfer to statutory reserves			229,489		(229,489)
Foreign currency translation gain/loss				9,275,654		9,275,654	(19,059)
Balance at Dec. 31, 2017	$ 8,310	111,796,813	14,525,712	860,553	28,321,696	155,513,084	(478,637)
Balance, shares at Dec. 31, 2017	8,310,198
Net loss for year					(65,996,898)	(65,996,898)	(3,203,657)
Issuance of common stock	$ 1,985	2,687,205				2,689,190
Issuance of common stock, shares	1,985,082
Foreign currency translation gain/loss				(5,481,483)		(5,481,483)	137,670
Balance at Dec. 31, 2018	$ 10,295	$ 114,484,018	$ 14,525,712	$ (4,620,930)	$ (37,675,202)	$ 86,723,893	$ (3,544,624)
Balance, shares at Dec. 31, 2018	10,295,280

Organization and Description of

Organization and Description of Business	12 Months Ended
	Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [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, and 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 a 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 into 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 May 1, 2016, whereby Erdos TCH cancelled monthly minimum lease payments from Erdos, and now 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. The Company evaluated the modified terms for payments based on actual electricity sold as minimum lease payments as defined in ASC 840-10-25-4, since lease payments that depend on a factor directly related to the future use of the leased property are contingent rentals and, accordingly, are excluded from minimum lease payments in their entirety. The Company wrote off the net investment receivables of these leases at the lease modification date. In addition, Erdos TCH has 30% ownership in DaTangShiDai (BinZhou) Energy Savings Technology Co., Ltd. ("BinZhou Energy Savings"), 30% ownership in DaTangShiDai DaTong Recycling Energy Technology Co., Ltd. ("DaTong Recycling Energy"), and 40% ownership in DaTang ShiDai TianYu XuZhou Recycling Energy Technology Co, Ltd. ("TianYu XuZhou Recycling Energy"). These companies were incorporated in 2012 but had no any operations since then nor any registered capital contribution was made. Pucheng Biomass Power Generation Projects On June 29, 2010, Xi'an TCH entered into a Biomass Power Generation ("BMPG") Project Lease Agreement with Pucheng XinHengYuan 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 ("Pucheng Phase I"). 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 systems 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 the Pucheng Phase I project terminated upon the effective date of the Pucheng Lease. The ownership of the 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 Shenqiu YuNeng 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. On January 4, 2019, Xi'an Zhonghong, Xi'an TCH, and Mr. Chonggong Bai, a resident of China, entered into a Projects Transfer Agreement (the "Agreement"), pursuant to which Xi'an TCH will transfer two Biomass Power Generation Projects in Shenqiu ("Shenqiu Phase I and II Projects") to Mr. Bai for RMB 127,066,000 ($18.55 million). Mr. Bai agreed to transfer all the equity shares of his wholly owned company, Xi'an Hanneng Enterprises Management Consulting Co. Ltd. ("Xi'an Hanneng") to Beijing Hongyuan Recycling Energy Investment Center, LLP (the "HYREF") as repayment for the loan made by Xi'an Zhonghong to HYREE as consideration for the transfer of the Shenqiu Phase I and II Projects (See Note 12). The transfer was completed on February 15, 2019. The Fund Management Company On June 25, 2013, Xi'an TCH and HongyuanHuifu Venture Capital Co. Ltd. ("HongyuanHuifu") jointly established Beijing Hongyuan Recycling Energy Investment Management Company 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. 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. In addition, Xi'an TCH and HongyuanHuifu formed Beijing Hongyuan Recycling Energy Investment Management Company Ltd. to manage this Fund, which also subscribed in the amount of RMB 5 million ($830,000) from the Fund. 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 ($77 million). The HYREF Fund was formed for the purpose of investing in Xi'an Zhonghong New Energy Technology Co., Ltd., a then 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"). On December 29, 2018, Xi'an TCH entered into a Share Transfer Agreement with Hongyuan Huifu, pursuant to which Xi'an TCH agreed to transfer its 40% ownership in the Fund Management Company to Hongyuan Huifu for consideration of RMB 3,453,867.31 ($0.53 million). The transfer was completed on January 22, 2019. The Company does not have any ownership in the Fund Management Company after this transaction. 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 December 29, 2018, Shanghai TCH entered into a Share Transfer Agreement with HYREF, pursuant to which HYREF agreed to transfer its 10% ownership in Xi'an Zhonghong to Shanghai TCH for consideration of RMB 3 million ($0.44 million). The transfer was completed on January 22, 2019. The Company owns 100% of Xi'an Zhonghong after the transaction. 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, as mutually agreed upon by Zhonghong. In addition, Chengli will provide the land for the CDQ WHPG systems at no cost to Zhonghong. The term of the Agreements is 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, however, due to intensifying environmental protection, the local environmental authorities required the project owner constructing CDQ sewage treatment to complete supporting works, which were completed and passed through acceptance inspection during the quarter ended September 30, 2018. However, the owner of Chengli Project changed from Chengli to Shandong Boxing Shengli Technology Company Ltd. ("Shengli"). This change resulted from transfer of the equity ownership of Chengli to Shengli (a private company). Chengli, as a state-owned enterprise that is 100% owned by the local Power Supply Bureau, is not allowed to carry out the tertiary industry, and Shengli, the new owner, is not entitled to the high on-grid prices, and thus demanded a renegotiation of the settlement terms for the project. At present, the Company is negotiating with the new project owner on the lease term, settlement method and settlement price, but no agreement has been reached. 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 to 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 and CDQ WHPG systems for Chengli meet the inspection and acceptance requirements and work normally. The Chengli Project is a turn-key project in which 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. On December 29, 2018, Xi'an Zhonghong, Xi'an TCH, the "HYREF", Guohua Ku, and Mr. Chonggong Bai entered into a CDQ WHPG Station Fixed Assets Transfer Agreement, pursuant to which Xi'an Zhonghong will transfer Chengli CDQ WHPG station as the repayment of loan at RMB 188,639,400 ($27.54 million) to HYREF. Xi'an Zhonghong, Xi'an TCH, Guohua Ku and Chonggong Bai also agreed to buy back the CDQ WHPG Station when conditions under the Buy Back Agreement are met (see Note 12). The transfer was completed on January 22, 2019. 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 Projects 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 overcapacity and pollution of the iron and steel and related industries, the Chinese 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 second quarter of 2019. Xuzhou Tian'an will provide the land for the CDQ and CDQ WHPG systems for free. Xuzhou Tian'an has also guaranteed 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. Due to the stricter administration of environmental protection policies and recent increase of environmental protections for the coking industry in Xuzhou, all local coking, as well as steel iron enterprises, are facing similar situations of suspended production while rectifying technologies and procedures. The Company expects to receive governmental acceptance and approval and to resume construction in the second quarter of 2019. 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 will 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 in which 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. On January 4, 2019, Xi'an Zhonghong, Xi'an TCH, and Mr. Chonggong Bai, entered into a Projects Transfer Agreement (the "Agreement"), pursuant to which Xi'an Zhonghong will transfer a CDQ WHPG station (under construction) located in Xuzhou City for Xuzhou Huayu Coking Co., Ltd. ("Xuzhou Huayu Project") to Mr. Bai for RMB 120,000,000 ($17.52 million). Mr. Bai agreed to transfer all the equity shares of his wholly owned company, Xi'an Hanneng, to HYREF as repayment for the loan made by Xi'an Zhonghong to HYREF as consideration for the transfer of the Xuzhou Huayu Project (see Note 12). The transfer was completed on February 15, 2019. Zhongtai Waste Heat Power Generation Energy Management Cooperative Agreement On December 6, 2013, Xi'an TCH 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 smoke pipeline's waste heat 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 for 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 with 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 to be paid within 20 business days after the Transfer Agreement was signed; (b) RMB 30,000,000 ($4.32 million) was to be 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) was to 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. The Company recorded a $2.82 million loss from this transaction in 2016. In 2016, Xi'an TCH had received the first payment of $7.70 million and the second payment of $4.32 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; in July 2018, Zhongtai and the Company reached a further oral agreement to extend the repayment term of RMB 87,360,000 ($13.45 million) by another two to three months. In August 2018, the Company received $1,070,000 from Zhongtai; as of December 31, 2018, the Company had receivable from Zhongtai for $11.66 million (with bad debt allowance of $3.50 million). Zhongtai provided an acknowledgement letter to the Company stating they expect to repay the remaining balance of $11.66 million by the end of 2019 once they resume normal production. Formation of Zhongxun On March 24, 2014, Xi'an TCH incorporated a 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 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. Formation of ShengYa Energy On July 1, 2016, Xi'an Zhonghong incorporated a subsidiary, Xi'an ShengYa Energy Co., Ltd. ("ShengYa Energy") with registered capital of $29.42 million (RMB 200,000,000), ShengYa Energy has not yet commenced operations nor has any capital contribution been made as of the date of this report. Summary of Sales-Type Lease at December 31, 2018 As of December 31, 2018, 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). Shenqiu Phase I and Phase II was transferred to Mr. Chonggong Bai on February 15, 2019 (see Note 12).

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2018
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 Energy Tech Co., Ltd. (“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 of December 31, 2018 and 2017, 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 include 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, 2018, the Company had accounts receivable of $15,252,162 (from the sales of CDQ and a CDQ WHPG system to Zhongtai, and accounts receivable of Erdos TCH for electricity sold). As of December 31, 2017, the Company had accounts receivable of $15,858,804 (from the sales of CDQ and a CDQ WHPG system to Zhongtai, and accounts receivable of Erdos TCH for electricity sold). As of December 31, 2018, the Company had bad debt allowance of $3,496,911 for Zhongtai due to not making the payment as scheduled. Interest Receivable on Sales Type Leases As of December 31, 2018, the interest receivable on sales type leases was $9,336,140, mainly from recognized but not yet collected interest income for the Pucheng and Shenqiu systems. As of December 31, 2017, the interest receivable on sales type leases was $9,619,278. As of April 1, 2018, the Company stopped accruing interest receivable on the Pucheng lease as the Pucheng lease was at least one year overdue in its payments. 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, 2018, the Company had bad debt allowance for net investment receivable of $29,276,658 ($7,274,872 for the Shenqiu systems and $22,001,786 for the Pucheng systems) due to lessees’ tight working capital and continuous delay in making the payment. As of December 31, 2017, the Company had bad debt allowance for net investment receivable of $1,802,822 for the 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 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 On January 4, 2019, Xi’an Zhonghong, Xi’an TCH, and Mr. Chonggong Bai entered into a Projects Transfer Agreement for Xi’an Zhonghong to transfer the Xuzhou Huayu Project to Mr. Bai for RMB 120,000,000 ($17.52 million), which transfer price was considered as the fair value of the project. The Company compared the carrying value and fair value of the Huayu project, and recorded asset impairment loss of $6,528,120 for the project. On December 29, 2018, Xi’an Zhonghong, Xi’an TCH, the “HYREF”, Guohua Ku, and Mr. Chonggong Bai entered into a CDQ WHPG Station Fixed Assets Transfer Agreement for Xi’an Zhonghong to transfer Chengli CDQ WHPG station as the repayment of a loan for RMB 188,639,400 ($27.54 million) to HYREF. The transfer price was considered the fair value of the system. The Company compared the carrying value and fair value of the Chengli system, and recorded asset impairment loss of $8,124,968 for the system. As of December 31, 2018, the progress of the Xuzhou Tian’an project is slow due to strict environmental protection policies, and management intends to transfer the project. The Company anticipated the transfer price to be around RMB 172,250,000.00 ($25.15 million), and believed it to be the fair market value of the project. The Company compared the carrying value and fair value of the Xian’an project, and recorded asset impairment loss of $13,776,701 for the project. 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 likely 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 changed the federal income tax laws. The provisions of the Tax Act that may have significant impact on the Company, including 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 the 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. The Act also created new taxes on certain foreign-sourced earnings such as global intangible low-taxed income (“GILTI”) under IRC Section 951A, which is effective for the Company for tax years beginning after January 1, 2018. For the year ended December 31, 2018, the Company has calculated its best estimate of the impact of the GILTI in its income tax provision in accordance with its understanding of the Act and guidance available as of the date of this filing. 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.” As of December 31, 2018 and December 31, 2017, the Company did not have any long-term debt obligations; and 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, 2018 and 2017: Years Ended 2018 2017 Net loss $ (65,996,898 ) $ (7,342,551 ) Weighted average shares outstanding – basic 8,658,267 8,310,198 Effect of dilutive securities: Warrants granted 47,628 - Options granted - 155 Weighted average shares outstanding – diluted 8,705,895 8,310,353 Loss per share – basic $ (7.62 ) $ (0.88 ) Loss per share – diluted * $ (7.62 ) $ (0.88 ) * The basic and diluted loss per share are the same due to antidilutive options and warrants resulting from the Company’s net 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 FASB ASC Topic 280, “Segment Reporting,” New Accounting Pronouncements 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 June 2016, the FASB issued ASU No. 2016-13, Financial Instruments-Credit Losses (Topic 326), which requires entities to measure all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. This replaces the existing incurred loss model and is applicable to the measurement of credit losses on financial assets measured at amortized cost. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Early application will be permitted for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. The Company is currently evaluating the impact that the standard will have on its CFS and related disclosures. 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. In June 2018, the FASB issued ASU 2018-07, “Compensation — Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting,” which expands the scope of ASC 718 to include share-based payment transactions for acquiring goods and services from non-employees. An entity should apply the requirements of ASC 718 to non-employee awards except for specific guidance on inputs to an option pricing model and the attribution of cost. The amendments specify that ASC 718 applies to all share-based payment transactions in which a grantor acquires goods or services to be used or consumed in a grantor’s own operations by issuing share-based payment awards. The new guidance is effective for SEC filers for fiscal years, and interim reporting periods within those fiscal years, beginning after December 15, 2019 (i.e., January 1, 2020, for calendar year entities). Early adoption is permitted. The Company is evaluating the effects of the adoption of this guidance and currently believes that it will impact the accounting of the share-based awards granted to non-employees. In August 2018, the SEC issued Release No. 33-10532 that amends and clarifies certain financial reporting requirements. The principal change to our financial reporting will be the inclusion of the annual disclosure requirement of changes in stockholders’ equity in Rule 3-04 of Regulation S-X to interim periods. We will adopt this new rule beginning with its financial reporting for the quarter ending March 31, 2019. Upon adoption, the Company will include its Consolidated Statements of Stockholders’ Equity with each quarterly filing on Form 10-Q. 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.

Notes Receivable - Bank Accepta

Notes Receivable - Bank Acceptance	12 Months Ended
	Dec. 31, 2018
Receivables [Abstract]
NOTES RECEIVABLE - BANK ACCEPTANCE	3. NOTES RECEIVABLE – BANK ACCEPTANCE As of December 31, 2018 and 2017, the Company had outstanding notes receivable on-hand of $0 and $979,462, respectively, representing the commercial notes (also called bank acceptances) that were issued by customers to Erdos TCH and were honored by the applicable bank. Erdos TCH may hold a bank acceptance until the maturity for the full payment, have the bank acceptance cashed out from the bank at a discount at an earlier date, or transfer the bank acceptance to its vendors in lieu of payment.

Investment in Sales-Type Leases

Investment in Sales-Type Leases, Net	12 Months Ended
	Dec. 31, 2018
Investments [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) BMPG systems to Shenqiu Phase II (9.5-year term). The components of the net investment in sales-type leases as of December 31, 2018 and 2017 are as follows: 2018 2017 Total future minimum lease payments receivable $ 88,661,266 $ 99,155,214 Less: executory cost (5,687,704 ) (6,360,901 ) Less: unearned interest (19,398,707 ) (23,730,094 ) Less: realized interest income but not yet received (9,336,141 ) (9,619,278 ) Less: allowance for net investment receivable (29,276,658 ) (1,802,822 ) Investment in sales-type leases, net 24,962,056 57,642,119 Current portion - 11,531,745 Noncurrent portion $ 24,962,056 $ 46,110,374 As of December 31, 2018, the future minimum rentals to be received on non-cancelable sales-type leases by year are as follows: 2019 $ 36,251,311 2020 12,414,034 2021 12,414,034 2022 10,971,558 2023 6,644,132 Thereafter 9,966,197 Total $ 88,661,266

Prepaid Expenses

Prepaid Expenses	12 Months Ended
	Dec. 31, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [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 8.2 million ($1.2 million) to the Fund Management Company as a consulting fee, and 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 prepaid consulting expenses as of December 31, 2017, respectively. The Company had $32,395 and $34,026 prepaid taxes as of December 31, 2018 and 2017, respectively.

Other Receivables

Other Receivables	12 Months Ended
	Dec. 31, 2018
Receivables [Abstract]
OTHER RECEIVABLES	6. OTHER RECEIVABLES As of December 31, 2018, other receivables mainly consisted of (i) advances to third parties of $7,285, bearing no interest, payable upon demand, and tax and maintenance cost receivable of 1,528,368 for Xi’an TCH. As of December 31, 2017, other receivables mainly consisted of an advance to a third party of $7,652, bearing no interest, payable upon demand, and tax and maintenance cost receivable of 1,155,670 for Xi’an TCH.

Long Term Investment

Long Term Investment	12 Months Ended
	Dec. 31, 2018
Long-term Investments [Abstract]
LONG TERM INVESTMENT	7. LONG TERM INVESTMENT On June 25, 2013, Xi'an TCH with HongyuanHuifu Venture Capital Co. Ltd ("HongyuanHuifu") jointly established Beijing Hongyuan Recycling Energy Investment Management Company 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 $469 and $(176,481) equity-based investment income (loss) during the years ended December 31, 2018 and 2017, 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 ($77 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. On December 29, 2018, Xi'an TCH entered into a Share Transfer Agreement with Hongyuan Huifu, pursuant to which Xi'an TCH agreed to transfer its 40% ownership in the Fund Management Company to Hongyuan Huifu for consideration of RMB 3,453,867.31 ($0.53 million). The transfer was completed on January 22, 2019. The Company had approximately $79,000 loss from the sale of a 40% equity interest in Fund Management Company.

Construction in Progress

Construction in Progress	12 Months Ended
	Dec. 31, 2018
Receivables, Long-term Contracts or Programs [Abstract]
CONSTRUCTION IN PROGRESS	8. CONSTRUCTION IN PROGRESS Construction in progress was for constructing power generation systems. As of December 31, 2018 and 2017, the Company’s construction in progress included: 2018 2017 Xuzhou Huayu $ 23,778,899 $ 24,976,178 Xuzhou Tian’an 38,380,969 37,814,637 Boxing County Chengli - 32,375,158 Less: assets impairment allowance (19,577,691 ) - Total $ 42,582,177 $ 95,165,973 As of December 31, 2018, the Company was committed to pay an additional $11.66 million for the Xuzhou Huayu project; however, on February 15, 2019, Zhonghong transferred Xuzhou Huayu Project to Mr. Bai for RMB 120,000,000 ($17.52 million). Mr. Bai agreed to transfer all the equity shares of his wholly owned company, Xi’an Hanneng, to the “HYREF” as repayment for the loan made by Xi’an Zhonghong to HYREE as consideration for the transfer of the Xuzhou Huayu Project (see Note 12). As of December 31, 2018, the Company was committed to pay an additional $4.04 million for the Xuzhou Tian’an project. The Chengli project finished construction, and was transferred to the Company’s fixed assets at a cost of $35.24 million and ready to be put into operation as of December 31, 2018; the owner of the Chengli Project changed from Chengli to Shandong Boxing Shengli Technology Company Ltd. (“Shengli”) in 2018. On January 22, 2019, Xi’an Zhonghong, transferred Chengli CDQ WHPG station as the repayment of loan at RMB 188,639,400 ($27.54 million) to HYREF (see Note 12).

Taxes Payable

Taxes Payable	12 Months Ended
	Dec. 31, 2018
Taxes Payable [Abstract]
TAXES PAYABLE	9. TAXES PAYABLE Taxes payable consisted of the following as of December 31, 2018 and 2017: 2018 2017 Income – current $ 1,718,051 $ 1,097,768 VAT 1,666,695 1,145,363 Other 251,813 180,649 Total – current 3,636,559 2,423,780 Income – noncurrent $ 6,390,625 $ 6,998,625 Income tax payable was approximately $8.11 million at December 31, 2018, including $1.21 million current and $6.39 million noncurrent was 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 U.S. shareholders of a 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. The Company made such election.

Accrued Liabilities and Other P

Accrued Liabilities and Other Payables	12 Months Ended
	Dec. 31, 2018
Accounts Payable and Accrued Liabilities, Current [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, 2018 and 2017: 2018 2017 Employee training, labor union expenditure and social insurance payable $ 844,997 $ 852,316 Consulting, auditing, and legal expenses 488,052 480,057 Accrued payroll and welfare 261,152 261,793 Other 23,796 24,150 Total $ 1,617,997 $ 1,618,316

Deferred Tax Liability, Net

Deferred Tax Liability, Net	12 Months Ended
	Dec. 31, 2018
Deferred Tax Liability, Net [Abstract]
DEFERRED TAX LIABILITY, NET	11. DEFERRED TAX LIABILITY, NET Deferred tax assets resulted from asset impairment loss which was temporarily non-tax deductible for tax purposes but expensed in accordance with US GAAP, interest income in sales-type leases which was recognized as income for tax purposes but not for book purpose as it did not meet revenue recognition in accordance with US GAAP, 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, 2018 and 2017, deferred tax liability consisted of the following: 2018 2017 Deferred tax asset — current (accrual of employee social insurance) $ 186,779 $ 189,617 Deferred tax liability — current (net investment in sales-type leases) (1,639,057 ) (1,520,537 ) Deferred tax liability, net of current deferred tax asset $ (1,452,278 ) $ (1,330,920 ) Deferred tax asset — noncurrent (depreciation of fixed assets) $ 6,176,064 $ 7,675,645 Deferred tax asset — noncurrent (asset impairment loss) 15,003,497 450,706 Deferred tax asset — noncurrent (capitalized interest on CIP) 2,531,120 2,574,749 Deferred tax asset---noncurrent (interest income in sales-type leases) 658,307 - Deferred tax asset---noncurrent (US NOL) 3,114,083 14,321,617 Deferred tax asset---noncurrent (PRC NOL) 1,617,861 - Less: valuation allowance on deferred tax assets (21,353,059 ) (14,321,617 ) Deferred tax assets --- noncurrent, net 7,747,873 10,701,100 Deferred tax liability — noncurrent (net investment in sales-type leases) (9,335,941 ) (11,527,594 ) Deferred tax liability, net of noncurrent deferred tax assets $ (1,588,068 ) $ (826,494 ) Total Deferred tax liability, noncurrent per ASU 2015-17 $ (3,040,346 ) $ (2,157,414 )

Loans Payable

Loans Payable	12 Months Ended
	Dec. 31, 2018
Debt Disclosure [Abstract]
LOANS PAYABLE	12. LOANS PAYABLE Entrusted Loan Payable (HYREF Loan) The HYREF (Beijing Hongyuan Recycling Energy Investment Center, LLP) established in July 2013 with a total fund size of RMB 460 million ($77 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 the loan amount as a 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 required to repay principal of RMB 280 million ($42.22 million); on August 6, 2017, Zhonghong was initially supposed to repay principal of RMB 100 million ($16.27 million) and on July 30, 2018, Zhonghong was initially supposed to 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 verbally notified Zhonghong from the beginning that it was unlikely that they would enforce these requirements for the purpose of the efficient utilization of working capital. As of December 31, 2018, the entrusted loan payable had an outstanding balance of $59.29 million, of which, $10.92 million was from the investment of Xi’an TCH; accordingly, the Company netted the loan payable of $10.92 million with the long-term investment to the HYREF Fund made by Xi’an TCH. For the year ended December 31, 2018, the Company recorded interest expense of $5.19 million on this loan and $2.43 million penalty interest on past due loan, and capitalized $2.38 million interest to construction in progress. The Company had 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 to further extend 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 until August 2019 with an adjusted annual interest rate of 9%, subject to the final approval from its headquarters. The headquarters did not approve the extension proposal with an adjusted annual interest rate of 9%; however, the Company worked out with the lender on an alternative repayment proposal on December 29, 2018 as described below. As of December 31, 2018, the interest payable for this loan was $17.47 million. As of December 31, 2018, the future minimum repayment of all the loans including the entrusted loan to be made annually is as follows: 2019 $ 48,373,936 Total $ 48,373,936 Repayment of HYREF loan 1. Transfer of Chengli project as partial repayment On December 29, 2018, Xi’an Zhonghong, Xi’an TCH, the HYREF, Guohua Ku, and Chonggong Bai entered into a CDQ WHPG Station Fixed Assets Transfer Agreement, pursuant to which Xi’an Zhonghong will transfer Chengli CDQ WHPG station as the repayment of loan at RMB 188,639,400 ($27.54 million) to HYREF. Xi’an Zhonghong, Xi’an TCH, Guohua Ku and Chonggong Bai also agreed to buy back the Chengli CDQ WHPG Station when conditions under the Buy Back Agreement are met. On January 22, 2019, Xi’an Zhonghong, completed the transfer of Chengli CDQ WHPG station to HYREF as the repayment of a loan for RMB 188,639,400 ($27.54 million) owed to HYREF. Xi’an TCH is a secondary limited partner of HYREF. The consideration of the CDQ WHPG station is determined by the parties based upon the appraisal report issued by Zhonglian Assets Appraisal Group (Shaanxi) Co., Ltd. as of August 15, 2018. 2. Buy Bank Agreement On December 29, 2018, Xi’an TCH, Xi’an Zhonghong, HYREF, Guohua Ku, Chonggong Bai and Xi’an Hanneng Enterprises Management Consulting Co. Ltd. (“Xi’an Hanneng”) entered into a Buy Back Agreement. Pursuant to the Buy Back Agreement, Xi’an TCH, Xi’an Zhonghong, Guohua Ku and Chonggong Bai (the “Buyers”) jointly and severally agreed to buy back all outstanding capital equity of Xi’an Hanneng which was transferred to HYREF by Chonggong Bai (see 5 below), and a CDQ WHPG station in Boxing County which was transferred to HYREF by Xi’an Zhonghong. The buy-back price for the Xi’an Hanneng’s equity will be the higher of (i) the market price of the equity shares at the time of buy-back; or (ii) the original transfer price of the equity shares plus bank interest. HYREF may request that the Buyers buy back the equity shares of Xi’an Hanneng and/or the CDQ WHPG station if one of the following conditions is met: (i) HYREF holds the equity shares of Xi’an Hanneng until December 31, 2021; (ii) Xi’an Huaxin New Energy Co., Ltd., a subsidiary of Xi’an Hanneng is delisted from The National Equities Exchange And Quotations Co., Ltd., a Chinese over-the-counter trading system (the “NEEQ”); (iii) Xi’an Huaxin New Energy, or any of the Buyers or its affiliates has a credit problem, including not being able to issue an auditor report or standard auditor report or any control person or executive of the Buyers is involved in crimes and is under prosecution or has other material credit problems, to HYREF’s reasonable belief; (iv) if Xi’an Zhonghong fails to timely make repayment on principal or interest of the loan agreement, its supplemental agreement or extension agreement; (v) the Buyers or any party to the Debt Repayment Agreement materially breaches the Debt Repayment Agreement or its related transaction documents, including but not limited to the Share Transfer Agreement, the Pledged Assets Transfer Agreement, the Entrusted Loan Agreement and their guarantee agreements and supplemental agreements. 3. Xi’an TCH transferred 40% ownership in the Fund Management Company to Hongyuan Huifu for partial payment of financial advisory fee On December 29, 2018, Xi’an TCH entered into a Share Transfer Agreement with Hongyuan Huifu Venture Capital Co. Ltd (“Hongyuan Huifu”), pursuant to which Xi’an TCH agreed to transfer its 40% ownership in Hongyuan Recycling Energy Investment Management Beijing Co., Ltd. (the “Fund Management Company”) to Hongyuan Huifu for consideration of RMB 3,453,867 ($504,000) (the “Fund Management Company Transfer Price”). On January 22, 2019, Xi’an TCH completed the 40% ownership transfer transaction. On December 29, 2018, Xi’an TCH, Hongyuan Huifu and Fund Management Company entered into a supplemental agreement to the Share Transfer Agreement. Xi’an TCH owes the Fund Management Company RMB 18,306,667 ($2,672,000) in financial advisory fees, and the parties agreed that the Fund Management Company Transfer Price could be used to off-set the outstanding financial advisory fees. Upon the completion of this transaction, the Fund Management Company will owe RMB 3,453,867 to Hongyuan Huifu, and Xi’an TCH will owe RMB 14,852,800 ($2,168,000) to the Fund Management Company. 4. HYREF Fund transferred 10% ownership in Xi’an Zhonghong to Shanghai TCH On December 29, 2018, Shanghai TCH entered into a Share Transfer Agreement with HYREF, pursuant to which HYREF agreed to transfer its 10% ownership in Xi’an Zhonghong to Shanghai TCH for consideration of RMB 3 million ($437,956). On January 22, 2019, Hongyuan Huifu completed the transfer of its 10% ownership in Xi’an Zhonghong o Shanghai TCH. 5. Transfer of Xuzhou Huayu Project and Shenqiu Phase I & II project to Mr. Bai for partial repayment of HYREF loan On January 4, 2019, Xi’an Zhonghong, Xi’an TCH, and Mr. Chonggong Bai, a resident of China, entered into a Projects Transfer Agreement, pursuant to which Xi’an Zhonghong will transfer a CDQ WHPG station (under construction) located in Xuzhou City for Xuzhou Huayu Coking Co., Ltd. (“Xuzhou Huayu Project”) to Mr. Bai for RMB 120,000,000 ($17.52 million) and Xi’an TCH will transfer two Biomass Power Generation Projects in Shenqiu (“Shenqiu Phase I and II Projects”) to Mr. Bai for RMB 127,066,000 ($18.55 million). Mr. Bai agreed to transfer all the equity shares of his wholly owned company, Xi’an Hanneng Enterprises Management Consulting Co. Ltd. (“Xi’an Hanneng”) to the HYREF as repayment for the RMB 247,066,000 ($36.07 million) loan made by Xi’an Zhonghong to HYREF as consideration for the transfer of the Xuzhou Huayu Project and Shenqiu Phase I and II Projects. On February 15, 2019, Xi’an Zhonghong completed the transfer of Xuzhou Huayu Project to Mr. Chonggong Bai for RMB 120,000,000 (US$17.52 million) and Xi’an TCH completed the transfer of Shenqiu Phase I and II Projects to Mr. Bai for RMB 127,066,000 ($18.55 million). Mr. Bai agreed to transfer all the equity shares of his wholly owned company, Xi’an Hanneng to HYREF as repayment by Xi’an Zhonghong for the RMB 247,066,000 ($36.07 million) loan to HYREE as consideration for the transfer of the Xuzhou Huayu Project and Shenqiu Phase I and II Projects.

Refundable Deposits from Custom

Refundable Deposits from Customers for Systems Leasing	12 Months Ended
	Dec. 31, 2018
Leases [Abstract]
REFUNDABLE DEPOSITS FROM CUSTOMERS FOR SYSTEMS LEASING	13. REFUNDABLE DEPOSITS FROM CUSTOMERS FOR SYSTEMS LEASING As of December 31, 2018 and 2017, the balance of refundable deposits from customers for systems leasing for Pucheng and Shenqiu was $1,034,503 and $1,086,591, respectively.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2018
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	14. RELATED PARTY TRANSACTIONS As of December 31, 2018 and 2017, the Company had $41,168 and $43,623, respectively, in advances from the Company’s management, which bear no interest, are unsecured, and are payable upon demand.

Convertible Note Payable, Net

Convertible Note Payable, Net	12 Months Ended
	Dec. 31, 2018
Debt Disclosure [Abstract]
CONVERTIBLE NOTE PAYABLE, NET	15. CONVERTIBLE NOTE PAYABLE, NET On July 11, 2018, the Company entered into a Securities Purchase Agreement with a Purchaser, pursuant to which the Company sold and issued to the Purchaser a Convertible Promissory Note of $1,070,000. The Purchaser purchased the Note with an original issue discount (“OID”) of $50,000, and the Company paid to the Purchaser $20,000 for fees and costs incurred by Purchaser in connection with the consummation of the Purchase Agreement. The Note bears interest at 8%. All outstanding principal and accrued interest on the Note will become due and payable on July 11, 2020, subject to a potential one-year extension during which interest would not accrue. The Company’s obligations under the Note may be prepaid at any time, provided that in such circumstance the Company would pay 125% of any amounts outstanding under the Note and being prepaid. Amounts outstanding under the Note may be converted at any time, at the Lender’s option, into shares of the Company’s common stock at a conversion price of $3.00 per share, subject to certain adjustments. During the term of the Note, the Company shall not, without the prior written consent of the Purchaser, enter into or effect certain fundamental business transactions. The Purchaser has the option to redeem the Note at any time after the six month anniversary of the date when the purchase price is delivered to the Company (“Purchase Price Date”) in the amounts of up to 50% of the amount outstanding during the nine month period after Purchase Price Date or any percentage of the amount outstanding under the Note at any time after the nine month anniversary of Purchase Price Date, with such redemption amounts paid in cash or shares of the Company’s common stock, or a combination thereof, at the Company’s election. As of December 31, 2018, the Company had $1,031,849 convertible note payable, net of unamortized OID and unamortized debt issuing cost; and the Company had $40,572 accrued interest on this convertible note. During the year ended December 31, 2018, the Company amortized OID of $11,849 and loan issuing cost of $4,740.

Shares Issued for Equity Financ

Shares Issued for Equity Financing	12 Months Ended
	Dec. 31, 2018
Shares Issued For Equity Financing
SHARES ISSUED FOR EQUITY FINANCING	16. SHARES ISSUED FOR EQUITY FINANCING On October 29, 2018, China Recycling Energy Corporation entered into Securities Purchase Agreements with certain purchasers, pursuant to which the Company will offer to the Purchasers, in a registered direct offering, an aggregate of 1,985,082 shares of the Company’s common stock. The Shares will be sold to the Purchasers at $1.375 per share, for gross proceeds to the Company of approximately $2.75 million, before deducting fees to the placement agent and other estimated offering expenses payable by the Company. In a concurrent private placement, the Company is also issuing to the each of the Purchasers a warrant (“Investor Warrants”) to purchase one (1) share of the Company’s Common Stock for each Share purchased under the Purchase Agreement, pursuant to that certain Common Stock Purchase Warrant, by and between the Company and each Purchaser, for a purchase price of $0.125 per Warrant and gross proceeds to the Company of approximately $250,000, before deducting fees to the placement agent and other estimated offering expenses payable by the Company. The Warrants will be exercisable on the date of issuance at an initial exercise price of $1.3725 per share and will expire on the five and a half year anniversary of the date of issuance. H.C. Wainwright & Co., LLC is acting as the Company’s exclusive placement agent in connection with the offerings under the Purchase Agreement and will receive a fee equal to 7.0% of the gross proceeds received by the Company from the offerings, up to $75,000 for certain expenses and warrants to purchase the Company’s Common Stock in an amount equal to 7% of the Company’s Shares sold to the Purchasers in the offerings, or 138,956 shares of Common Stock, on substantially the same terms as the Warrants, with an initial exercise price of $1.875 per share and expiration date of October 29, 2023 (the “Placement Agent Warrants”). The warrants issued in this private placement are classified as equity instruments. The Company accounted for the warrants issued in the private placement based on the fair value method under ASC Topic 505, and the fair value of the warrants was calculated using the Black-Scholes model under the following assumptions: estimated life of 5.5 years for Investor Warrants and 5 years for Placement Agent Warrants, volatility of 98%, risk-free interest rate of 2.91% and dividend yield of 0%. The fair value of the warrants issued to investors at grant date was $2,499,238, and the fair value of the warrants issued to the placement agent at grant date was $161,027. Following is a summary of the warrant activity for the year ended December 31, 2018: Number of Warrants Average Exercise Price Weighted Average Remaining Contractual Term in Years Granted 2,124,038 $ 1.41 5.47 Exercised - - - Forfeited - - - Expired - - - Outstanding at December 31, 2018 2,124,038 $ 1.41 5.29 Exercisable at December 31, 2018 2,124,038 $ 1.41 5.29

Noncontrolling Interest

Noncontrolling Interest	12 Months Ended
	Dec. 31, 2018
Noncontrolling Interest [Abstract]
NONCONTROLLING INTEREST	17. 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, 2018, the Company had losses of $3,203,657 and $327,147 that were attributable to the noncontrolling interest, respectively. On December 29, 2018, Shanghai TCH entered into a Share Transfer Agreement with HYREF, pursuant to which HYREF agreed to transfer its 10% ownership in Xi'an Zhonghong to Shanghai TCH for RMB 3 million ($437,956). On January 22, 2019, HYREF completed the transfer of its 10% ownership in Xi'an Zhonghong to Shanghai TCH. The Company had approximately $3.98 million loss from the purchase of a 10% equity interest in Xi'an Zhonghong.

Income Tax

Income Tax	12 Months Ended
	Dec. 31, 2018
Income Tax Disclosure [Abstract]
INCOME TAX	18. 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 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. All of the Company's Chinese subsidiaries' effective income tax rate for 2018 and 2017 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, 2018, had net operating loss ("NOL") carry forwards for income taxes of $14.83 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. As of December 31, 2018, the Company's PRC subsidiaries had $6.47 million NOL that can be carried forward to offset future taxable income for five years from the year the loss is incurred. The NOL was mostly from Zhonghong, Zhonghong has not yet generated any sales yet; accordingly, the Company recorded a 100% deferred tax valuation allowance for PRC NOL. The following table reconciles the U.S. statutory rates to the Company's effective tax rate for the years ended December 31, 2018 and 2017, respectively: 2018 2017 U.S. statutory rates (21.0 )% 34.0 % Tax rate difference – current provision (4.0 )% (13.5 )% Other (0.1 )% - % Tax rate change for future deferred tax items - % 30.6 % Prior periods income tax adjustment per income tax return filed - % (4.2 )% Section 965 one-time transition tax - % 2,046.7 % Permanent differences - % 1.0 % Valuation allowance on PRC NOL 28.9 % 63.2 % Valuation allowance on US NOL 0.2 % 16.3 % Tax per financial statements 4.0 % 2,174.1 % The provision for income taxes expense for the years ended December 31, 2018 and 2017 consisted of the following: 2018 2017 Income tax expense – current $ 1,604,473 $ 9,101,026 Income tax expense (benefit) – deferred 1,022,985 (1,061,548 ) Total income tax expense $ 2,627,428 $ 8,039,476 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. In 2017 the Company reflected the provisional income tax effects of the Tax Act under Accounting Standards Codification Topic 740, Income Taxes, and had approximately $7.61 million tax expense from recording the estimated one-time transition tax on post-1986 foreign unremitted earnings.

Stock-Based Compensation Plan

Stock-Based Compensation Plan	12 Months Ended
	Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
STOCK-BASED COMPENSATION PLAN	19. 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 the 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 their 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 $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. The Company recorded $0 and $7,647 compensation expense for stock options to employees during years ended December 31, 2018 and 2017, respectively. 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) 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 following table summarizes option activity with respect to employees and independent directors, and 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, 2017 4,000 $ 10.2 3.77 Exercisable at January 1, 2017 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 Granted - - - Exercised - - - Forfeited - - - Outstanding at December 31, 2018 9,000 $ 5.4 5.41 Exercisable at December 31, 2018 9,000 $ 5.4 5.41

Statutory Reserves

Statutory Reserves	12 Months Ended
	Dec. 31, 2018
Statutory Reserves [Abstract]
STATUTORY RESERVES	20. 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, 2018. Name of Chinese Registered Capital Maximum Statutory Statutory reserve at 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 ¥ 19,035,814 ($2,914,869) 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, 2018
Contingencies [Abstract]
CONTINGENCIES	21. CONTINGENCIES 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. 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. Remittances in currencies other than RMB may require certain supporting documentation in order to make the remittance. 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 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.

Commitments

Commitments	12 Months Ended
	Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS	22. COMMITMENTS Lease Commitment On November 20, 2017, Xi’an TCH entered into a lease for its office with a term from December 1, 2017 through November 30, 2020. The monthly rent is RMB 36,536 ($5,600) with quarterly payment in advance. On August 2, 2018, the Company entered into a lease for its office use in Beijing with a term from August 4, 2018 through August 3, 2020. The monthly rent is RMB 22,000 ($3,205) with quarterly payment in advance. At December 31, 2018, the future annual rental payment is as follows: December 31, 2019 $ 107,095 November 30, 2020 85,194 For the years ended December 31, 2018 and 2017, the rental expense of the Company was $83,394 and $197,143, respectively. Construction Commitment Refer to Note 1 for additional details related to lease commitments with 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, 2018
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	23. SUBSEQUENT EVENTS Convertible Notes / Promissory Notes On January 31, 2019, the Company entered into a Securities Purchase Agreement with Iliad Research and Trading, L.P., a Utah limited partnership (the “Purchaser”), pursuant to which the Company sold and issued to the Purchaser a Convertible Promissory Note (the “Note”) in the amount of $1,050,000. The Purchaser purchased the Note with an original issue discount of $50,000. The Note was sold to the Purchaser pursuant to an exemption from registration under Regulation D, promulgated under the Securities Act of 1933, as amended. The Note bears interest at the rate of 8% per annum. All outstanding principal and accrued interest on the Note will become due and payable on January 30, 2021, subject to a potential one-year extension period during which interest would not accrue. The Company’s obligations under the Note may be prepaid at any time, provided that in such circumstance the Company would pay 125% of any amounts outstanding under the Note and being prepaid. Amounts outstanding under the Note may be converted at any time, at the Lender’s option, into shares of the Company’s common stock at a conversion price of $3.00 per share, subject to certain adjustments. On February 27, 2019, the Company entered into a Securities Purchase Agreement with Iliad Research and Trading, L.P., a Utah limited partnership (the “Purchaser”), pursuant to which the Company sold and issued to the Purchaser a Convertible Promissory Note (the “Note”) in the amount of $1,050,000. The Purchaser purchased the Note with an original issue discount of $50,000. The Note was sold to the Purchaser pursuant to an exemption from registration under Regulation D, promulgated under the Securities Act of 1933, as amended. The Note bears interest at 8% per annum. All outstanding principal and accrued interest on the Note will become due and payable on February 26, 2021, subject to a potential one-year extension period during which interest would not accrue. The Company’s obligations under the Note may be prepaid at any time, provided that in such circumstance the Company would pay 125% of any amounts outstanding under the Note and being prepaid. Amounts outstanding under the Note may be converted at any time, at the Lender’s option, into shares of the Company’s common stock at a conversion price of $3.00 per share, subject to certain adjustments. Pursuant to an Exchange Agreement dated April 14, 2019 (the “Exchange Agreement”), the Company and Iliad Research and Trading, L.P. agreed to exchange the above two Original Notes with two new promissory notes (the “Exchange Notes”). All outstanding principal and accrued interest on the Exchange Notes will become due and payable on January 31, 2021 and February 27, 2021, respectively. The Exchange Notes bore interest at the rate of 8% per annum and did not grant conversion options to the Purchaser. The Company’s obligations under the Exchange Notes could be prepaid at any time, provided that in such circumstance the Company would have paid 125% of any amounts outstanding under the Exchange Notes. Beginning on the date that is six (6) months from the issue date of the respective Original Notes (the “Issue Dates”) and at any time thereafter until the Exchange Notes are paid in full, Purchaser shall have the right to redeem up to $750,000 of the outstanding balance during months six to eight following the respective Issue Date and any amount thereafter. Private Placement in February 2019 On February 13, 2019, China Recycling Energy Corporation entered into a Securities Purchase Agreement (the “Agreement”) with Great Essential Investment, Ltd. a company incorporated in the British Virgin Islands (the “Purchaser”), pursuant to which the Company agreed to sell to the Purchaser in a private placement 1,600,000 shares (the “Shares”) of the Company’s common stock, par value $0.001 per share (the “ Common Stock Registered Direct Offering in April 2019 On April 15, 2019, the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) with certain purchasers, pursuant to which the Company will offer to the Purchasers, in a registered direct offering, an aggregate of 2,359,272 shares of common stock. The Shares will be sold to the Purchasers at a negotiated purchase price of $0.80 per share, for aggregate gross proceeds to the Company of $1,887,417, before deducting placement agent fees and other estimated offering expenses payable by the Company. In a concurrent private placement, the Company is also issuing to the each of the Purchasers a warrant to purchase 0.75 of a share of the Company’s Common Stock for each share purchased under the Purchase Agreement, or 1,769,454 warrants in the aggregate. The Warrants will be exercisable beginning on the six month anniversary of the date of issuance at an initial exercise price of $0.9365 per share and will expire on the five and one-half year anniversary of the date of issuance. H.C. Wainwright & Co., LLC is acting as the Company’s exclusive placement agent in connection with the offerings under the Purchase Agreement and will receive an aggregate cash fee equal to 7.0% of the gross proceeds received by the Company from the offerings, an aggregate of up to $75,000 for certain expenses, $10,000 for clearing expenses and warrants to purchase our Common Stock in an amount equal to 7% of our Shares sold to the Purchasers in the offerings, or 165,149 shares of Common Stock , on substantially the same terms as the Warrants, except that the Placement Agent Warrants shall have an initial exercise price of $1.00 per share, shall be exercisable commencing on the later of (i) six months of the issuance date or (ii) the date on which the Company increases the number of its authorized shares, and shall expire on April 15, 2024.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2018
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, Sifang Holdings’ wholly owned subsidiaries, Huahong New Energy Technology Co., Ltd. (“Huahong”) and Shanghai TCH Energy Tech Co., Ltd. (“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 of December 31, 2018 and 2017, 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 include 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, 2018, the Company had accounts receivable of $15,252,162 (from the sales of CDQ and a CDQ WHPG system to Zhongtai, and accounts receivable of Erdos TCH for electricity sold). As of December 31, 2017, the Company had accounts receivable of $15,858,804 (from the sales of CDQ and a CDQ WHPG system to Zhongtai, and accounts receivable of Erdos TCH for electricity sold). As of December 31, 2018, the Company had bad debt allowance of $3,496,911 for Zhongtai due to not making the payment as scheduled.
Interest Receivable on Sales Type Leases	Interest Receivable on Sales Type Leases As of December 31, 2018, the interest receivable on sales type leases was $9,336,140, mainly from recognized but not yet collected interest income for the Pucheng and Shenqiu systems. As of December 31, 2017, the interest receivable on sales type leases was $9,619,278. As of April 1, 2018, the Company stopped accruing interest receivable on the Pucheng lease as the Pucheng lease was at least one year overdue in its payments. 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, 2018, the Company had bad debt allowance for net investment receivable of $29,276,658 ($7,274,872 for the Shenqiu systems and $22,001,786 for the Pucheng systems) due to lessees’ tight working capital and continuous delay in making the payment. As of December 31, 2017, the Company had bad debt allowance for net investment receivable of $1,802,822 for the 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 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 On January 4, 2019, Xi’an Zhonghong, Xi’an TCH, and Mr. Chonggong Bai entered into a Projects Transfer Agreement for Xi’an Zhonghong to transfer the Xuzhou Huayu Project to Mr. Bai for RMB 120,000,000 ($17.52 million), which transfer price was considered as the fair value of the project. The Company compared the carrying value and fair value of the Huayu project, and recorded asset impairment loss of $6,528,120 for the project. On December 29, 2018, Xi’an Zhonghong, Xi’an TCH, the “HYREF”, Guohua Ku, and Mr. Chonggong Bai entered into a CDQ WHPG Station Fixed Assets Transfer Agreement for Xi’an Zhonghong to transfer Chengli CDQ WHPG station as the repayment of a loan for RMB 188,639,400 ($27.54 million) to HYREF. The transfer price was considered the fair value of the system. The Company compared the carrying value and fair value of the Chengli system, and recorded asset impairment loss of $8,124,968 for the system. As of December 31, 2018, the progress of the Xuzhou Tian’an project is slow due to strict environmental protection policies, and management intends to transfer the project. The Company anticipated the transfer price to be around RMB 172,250,000.00 ($25.15 million), and believed it to be the fair market value of the project. The Company compared the carrying value and fair value of the Xian’an project, and recorded asset impairment loss of $13,776,701 for the project.
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 likely 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 changed the federal income tax laws. The provisions of the Tax Act that may have significant impact on the Company, including 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 the 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. The Act also created new taxes on certain foreign-sourced earnings such as global intangible low-taxed income (“GILTI”) under IRC Section 951A, which is effective for the Company for tax years beginning after January 1, 2018. For the year ended December 31, 2018, the Company has calculated its best estimate of the impact of the GILTI in its income tax provision in accordance with its understanding of the Act and guidance available as of the date of this filing.
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.” As of December 31, 2018 and December 31, 2017, the Company did not have any long-term debt obligations; and 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, 2018 and 2017: Years Ended 2018 2017 Net loss $ (65,996,898 ) $ (7,342,551 ) Weighted average shares outstanding – basic 8,658,267 8,310,198 Effect of dilutive securities: Warrants granted 47,628 - Options granted - 155 Weighted average shares outstanding – diluted 8,705,895 8,310,353 Loss per share – basic $ (7.62 ) $ (0.88 ) Loss per share – diluted * $ (7.62 ) $ (0.88 ) * The basic and diluted loss per share are the same due to antidilutive options and warrants resulting from the Company’s net loss.
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 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 June 2016, the FASB issued ASU No. 2016-13, Financial Instruments-Credit Losses (Topic 326), which requires entities to measure all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. This replaces the existing incurred loss model and is applicable to the measurement of credit losses on financial assets measured at amortized cost. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Early application will be permitted for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. The Company is currently evaluating the impact that the standard will have on its CFS and related disclosures. 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. In June 2018, the FASB issued ASU 2018-07, “Compensation — Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting,” which expands the scope of ASC 718 to include share-based payment transactions for acquiring goods and services from non-employees. An entity should apply the requirements of ASC 718 to non-employee awards except for specific guidance on inputs to an option pricing model and the attribution of cost. The amendments specify that ASC 718 applies to all share-based payment transactions in which a grantor acquires goods or services to be used or consumed in a grantor’s own operations by issuing share-based payment awards. The new guidance is effective for SEC filers for fiscal years, and interim reporting periods within those fiscal years, beginning after December 15, 2019 (i.e., January 1, 2020, for calendar year entities). Early adoption is permitted. The Company is evaluating the effects of the adoption of this guidance and currently believes that it will impact the accounting of the share-based awards granted to non-employees. In August 2018, the SEC issued Release No. 33-10532 that amends and clarifies certain financial reporting requirements. The principal change to our financial reporting will be the inclusion of the annual disclosure requirement of changes in stockholders’ equity in Rule 3-04 of Regulation S-X to interim periods. We will adopt this new rule beginning with its financial reporting for the quarter ending March 31, 2019. Upon adoption, the Company will include its Consolidated Statements of Stockholders’ Equity with each quarterly filing on Form 10-Q. 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.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2018
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 basic and diluted EPS	Years Ended 2018 2017 Net loss $ (65,996,898 ) $ (7,342,551 ) Weighted average shares outstanding – basic 8,658,267 8,310,198 Effect of dilutive securities: Warrants granted 47,628 - Options granted - 155 Weighted average shares outstanding – diluted 8,705,895 8,310,353 Loss per share – basic $ (7.62 ) $ (0.88 ) Loss per share – diluted * $ (7.62 ) $ (0.88 ) * The basic and diluted loss per share are the same due to antidilutive options and warrants resulting from the Company’s net loss.

Investment in Sales-Type Leas_2

Investment in Sales-Type Leases, Net (Tables)	12 Months Ended
	Dec. 31, 2018
Investments [Abstract]
Schedule of net investment in sales-type leases	2018 2017 Total future minimum lease payments receivable $ 88,661,266 $ 99,155,214 Less: executory cost (5,687,704 ) (6,360,901 ) Less: unearned interest (19,398,707 ) (23,730,094 ) Less: realized interest income but not yet received (9,336,141 ) (9,619,278 ) Less: allowance for net investment receivable (29,276,658 ) (1,802,822 ) Investment in sales-type leases, net 24,962,056 57,642,119 Current portion - 11,531,745 Noncurrent portion $ 24,962,056 $ 46,110,374
Schedule of future minimum rentals to be received on non-cancelable sales-type leases by years	2019 $ 36,251,311 2020 12,414,034 2021 12,414,034 2022 10,971,558 2023 6,644,132 Thereafter 9,966,197 Total $ 88,661,266

Construction in Progress (Table

Construction in Progress (Tables)	12 Months Ended
	Dec. 31, 2018
Receivables, Long-term Contracts or Programs [Abstract]
Schedule of construction in progress	2018 2017 Xuzhou Huayu $ 23,778,899 $ 24,976,178 Xuzhou Tian’an 38,380,969 37,814,637 Boxing County Chengli - 32,375,158 Less: assets impairment allowance (19,577,691 ) - Total $ 42,582,177 $ 95,165,973

Taxes Payable (Tables)

Taxes Payable (Tables)	12 Months Ended
	Dec. 31, 2018
Taxes Payable [Abstract]
Schedule of taxes payable	2018 2017 Income – current $ 1,718,051 $ 1,097,768 VAT 1,666,695 1,145,363 Other 251,813 180,649 Total – current 3,636,559 2,423,780 Income – noncurrent $ 6,390,625 $ 6,998,625

Accrued Liabilities and Other_2

Accrued Liabilities and Other Payables (Tables)	12 Months Ended
	Dec. 31, 2018
Accounts Payable and Accrued Liabilities, Current [Abstract]
Schedule of accrued liabilities and other payables	2018 2017 Employee training, labor union expenditure and social insurance payable $ 844,997 $ 852,316 Consulting, auditing, and legal expenses 488,052 480,057 Accrued payroll and welfare 261,152 261,793 Other 23,796 24,150 Total $ 1,617,997 $ 1,618,316

Deferred Tax Liability, Net (Ta

Deferred Tax Liability, Net (Tables)	12 Months Ended
	Dec. 31, 2018
Deferred Tax Liability, Net [Abstract]
Schedule of deferred tax liability	2018 2017 Deferred tax asset — current (accrual of employee social insurance) $ 186,779 $ 189,617 Deferred tax liability — current (net investment in sales-type leases) (1,639,057 ) (1,520,537 ) Deferred tax liability, net of current deferred tax asset $ (1,452,278 ) $ (1,330,920 ) Deferred tax asset — noncurrent (depreciation of fixed assets) $ 6,176,064 $ 7,675,645 Deferred tax asset — noncurrent (asset impairment loss) 15,003,497 450,706 Deferred tax asset — noncurrent (capitalized interest on CIP) 2,531,120 2,574,749 Deferred tax asset---noncurrent (interest income in sales-type leases) 658,307 - Deferred tax asset---noncurrent (US NOL) 3,114,083 14,321,617 Deferred tax asset---noncurrent (PRC NOL) 1,617,861 - Less: valuation allowance on deferred tax assets (21,353,059 ) (14,321,617 ) Deferred tax assets --- noncurrent, net 7,747,873 10,701,100 Deferred tax liability — noncurrent (net investment in sales-type leases) (9,335,941 ) (11,527,594 ) Deferred tax liability, net of noncurrent deferred tax assets $ (1,588,068 ) $ (826,494 ) Total Deferred tax liability, noncurrent per ASU 2015-17 $ (3,040,346 ) $ (2,157,414 )

Loans Payable (Tables)

Loans Payable (Tables)	12 Months Ended
	Dec. 31, 2018
Debt Disclosure [Abstract]
Schedule of future minimum repayment loans	2019 $ 48,373,936 Total $ 48,373,936

Shares Issued for Equity Fina_2

Shares Issued for Equity Financing (Tables)	12 Months Ended
	Dec. 31, 2018
Shares Issued For Equity Financing
Schedule of warrant activity	Number of Warrants Average Exercise Price Weighted Average Remaining Contractual Term in Years Granted 2,124,038 $ 1.41 5.47 Exercised - - - Forfeited - - - Expired - - - Outstanding at December 31, 2018 2,124,038 $ 1.41 5.29 Exercisable at December 31, 2018 2,124,038 $ 1.41 5.29

Income Tax (Tables)

Income Tax (Tables)	12 Months Ended
	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Schedule of reconciles U.S. statutory rates to effective tax rate	2018 2017 U.S. statutory rates (21.0 )% 34.0 % Tax rate difference – current provision (4.0 )% (13.5 )% Other (0.1 )% - % Tax rate change for future deferred tax items - % 30.6 % Prior periods income tax adjustment per income tax return filed - % (4.2 )% Section 965 one-time transition tax - % 2,046.7 % Permanent differences - % 1.0 % Valuation allowance on PRC NOL 28.9 % 63.2 % Valuation allowance on US NOL 0.2 % 16.3 % Tax per financial statements 4.0 % 2,174.1 %
Schedule of provision for income taxes expense	2018 2017 Income tax expense – current $ 1,604,473 $ 9,101,026 Income tax expense (benefit) – deferred 1,022,985 (1,061,548 ) Total income tax expense $ 2,627,428 $ 8,039,476

Stock-Based Compensation Plan (

Stock-Based Compensation Plan (Tables)	12 Months Ended
	Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule 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, 2017 4,000 $ 10.2 3.77 Exercisable at January 1, 2017 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 Granted - - - Exercised - - - Forfeited - - - Outstanding at December 31, 2018 9,000 $ 5.4 5.41 Exercisable at December 31, 2018 9,000 $ 5.4 5.41

Statutory Reserves (Tables)

Statutory Reserves (Tables)	12 Months Ended
	Dec. 31, 2018
Statutory Reserves [Abstract]
Schedule of maximum statutory reserve amount	Name of Chinese Registered Capital Maximum Statutory Statutory reserve at 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 ¥ 19,035,814 ($2,914,869) 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

Commitments (Tables)

Commitments (Tables)	12 Months Ended
	Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Schedule of future annual rental payment	December 31, 2019 $ 107,095 November 30, 2020 85,194

Organization and Description _2

Organization and Description of Business (Details)

Feb. 11, 2015USD ($)

Dec. 06, 2013

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

Apr. 14, 2009USD ($)

Jan. 22, 2019

Dec. 29, 2018USD ($)

Apr. 28, 2016

Mar. 31, 2016USD ($)

Mar. 24, 2014USD ($)

Jul. 31, 2013USD ($)

Jul. 24, 2013

Jul. 19, 2013USD ($)

Jul. 19, 2013CNY (¥)

Jul. 18, 2013USD ($)

Jun. 25, 2013USD ($)

Jun. 15, 2013USD ($)

Jun. 15, 2013CNY (¥)

Mar. 30, 2013USD ($)

Mar. 30, 2013CNY (¥)

Sep. 28, 2011USD ($)

Sep. 28, 2011CNY (¥)

Jun. 29, 2010USD ($)

Jun. 29, 2010CNY (¥)

Dec. 31, 2018USD ($)

Jan. 04, 2019USD ($)

Jan. 04, 2019CNY (¥)

Dec. 29, 2018CNY (¥)

Jul. 01, 2016USD ($)

Jul. 01, 2016CNY (¥)

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, 2012USD ($)

Oct. 08, 2012CNY (¥)

Sep. 28, 2011CNY (¥)

May 25, 2011USD ($)

Apr. 14, 2009CNY (¥)

Organization and Description of Business (Textual)

Sale of amount to erdos

Lease agreement term, description

The term for the combined lease is from September 2013 to June 2025. The lease agreement for the 12 MW station from the Pucheng Phase I project terminated upon the effective date of the Pucheng Lease. The ownership of the two 12 MW BMPG systems will transfer to Pucheng at no additional charge when the Pucheng Lease expires.

Shenqiu Project [Member]

Organization and Description of Business (Textual)

Leasing fees

$ 286,000

Lease period

11 years

11 years

Total cost of project

$ 11,100,000

Consideration of thermal power generation project

$ 225

Consideration of power generation project

$ 70

Tianyu Waste Heat Power Generation Project [Member]

Organization and Description of Business (Textual)

Contract price for materials equipment

$ 66,680,000

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.

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.

Project agreement terms

20 years

20 years

Formation of Zhongxun [Member]

Organization and Description of Business (Textual)

Ownership percentage

100.00%

Registered capital

$ 5,695,502

Chengli Waste Heat Power Generation Projects [Member]

Organization and Description of Business (Textual)

Description of long-term contract for purchase of electric power

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, however, due to intensifying environmental protection, the local environmental authorities required the project owner constructing CDQ sewage treatment to complete supporting works, which were completed and passed through acceptance inspection during the quarter ended September 30, 2018. However, the owner of Chengli Project changed from Chengli to Shandong Boxing Shengli Technology Company Ltd. ("Shengli"). This change resulted from transfer of the equity ownership of Chengli to Shengli (a private company). Chengli, as a state-owned enterprise that is 100% owned by the local Power Supply Bureau, is not allowed to carry out the tertiary industry, and Shengli, the new owner, is not entitled to the high on-grid prices, and thus demanded a renegotiation of the settlement terms for the project. At present, the Company is negotiating with the new project owner on the lease term, settlement method and settlement price, but no agreement has been reached.

Project agreement terms

20 years

Hongyuan Huifu [Member]

Organization and Description of Business (Textual)

Profit distribution percentage

80.00%

Shenqiu Systems [Member] | Xi’an TCH [Member]

Organization and Description of Business (Textual)

Payment of transfer price

$ 10,937,500

Zhongtai Waste Heat Power Generation Energy Management Cooperative Agreement [Member] | 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 for 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 with 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)

Purchase price for power generation systems

$ 16,480,000

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

$ 38

Biomass Power Generation Project Lease Agreement [Member]

Organization and Description of Business (Textual)

Leasing fees

$ 279,400

Lease period

15 years

15 years

Subsequent Event [Member] | Biomass Power Generation Project Lease Agreement [Member]

Organization and Description of Business (Textual)

Payment of transfer price

$ 18,550,000

Xi'an Zhonghong New Energy Technology Co [Member]

Organization and Description of Business (Textual)

Registered capital

$ 4,850,000

Contribution percentage in total investment

90.00%

90.00%

Energy saving solution and services cost

$ 4,370,000

Xi'an Zhonghong New Energy Technology Co [Member] | Subsequent Event [Member]

Organization and Description of Business (Textual)

Ownership percentage

100.00%

Xi'an Tch Limited Partner [Member]

Organization and Description of Business (Textual)

Registered capital

$ 65

Profit distribution percentage

20.00%

Subscribed amount of initial capital contribution

$ 650,000

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

RMB [Member] | Shenqiu Project [Member]

Organization and Description of Business (Textual)

Leasing fees | ¥

¥ 1,800,000

Total cost of project | ¥

¥ 68,000,000

RMB [Member] | Tianyu Waste Heat Power Generation Project [Member]

Organization and Description of Business (Textual)

Contract price for materials equipment | ¥

¥ 400,000,000

RMB [Member] | Formation of Zhongxun [Member]

Organization and Description of Business (Textual)

Registered capital | ¥

¥ 35,000,000

RMB [Member] | Shenqiu Systems [Member] | Xi’an TCH [Member]

Organization and Description of Business (Textual)

Payment of transfer price | ¥

¥ 70,000,000

RMB [Member] | Biomass Power Generation Asset Transfer Agreement [Member]

Organization and Description of Business (Textual)

Purchase price for power generation systems | ¥

¥ 100,000,000

RMB [Member] | Biomass Power Generation Project Lease Agreement [Member]

Organization and Description of Business (Textual)

Leasing fees | ¥

¥ 1,900,000

RMB [Member] | Subsequent Event [Member] | Biomass Power Generation Project Lease Agreement [Member]

Organization and Description of Business (Textual)

Payment of transfer price | ¥

¥ 127,066,000

RMB [Member] | Xi'an Zhonghong New Energy Technology Co [Member]

Organization and Description of Business (Textual)

Registered capital

$ 30,000,000

Energy saving solution and services cost | ¥

¥ 27,000,000

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

Organization and Description of Business (Textual)

Contract price for materials equipment | ¥

¥ 200,000,000

ShengYa Energy [Member]

Organization and Description of Business (Textual)

Registered capital

$ 29,420,000

ShengYa Energy [Member] | RMB [Member]

Organization and Description of Business (Textual)

Registered capital | ¥

¥ 200,000,000

Da Tang Shi Dai [Member]

Organization and Description of Business (Textual)

Ownership percentage

30.00%

DaTong Recycling Energy [Member]

Organization and Description of Business (Textual)

Ownership percentage

30.00%

TianYu XuZhou Recycling Energy [Member]

Organization and Description of Business (Textual)

Ownership percentage

40.00%

Erdos TCH [Member]

Organization and Description of Business (Textual)

Contribution percentage in total investment

7.00%

7.00%

7.00%

7.00%

Sale of amount to erdos

$ 1,290,000

Accumulated profit

$ 226,000

Description of long-term contract for purchase of electric power

Erdos TCH and Erdos entered into a supplemental agreement, effective May 1, 2016, whereby Erdos TCH cancelled monthly minimum lease payments from Erdos, and now charges Erdos based on actual electricity sold at RMB 0.30 / KWH.

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%

Erdos TCH [Member] | RMB [Member]

Organization and Description of Business (Textual)

Sale of amount to erdos | ¥

¥ 8,000,000

Yinghua [Member]

Organization and Description of Business (Textual)

Ownership percentage

100.00%

Registered capital

$ 30,000,000

Lease period

10 years

Erdos Metallurgy Company Limited [Member]

Organization and Description of Business (Textual)

Term of joint ventures

20 years

Investment cost

$ 79,000,000

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

Organization and Description of Business (Textual)

Investment cost

$ 17,550,000

Erdos Metallurgy Company Limited [Member] | RMB [Member]

Organization and Description of Business (Textual)

Investment cost | ¥

¥ 500,000,000

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

Organization and Description of Business (Textual)

Investment cost | ¥

¥ 120,000,000

Xi’an TCH [Member]

Organization and Description of Business (Textual)

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

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

Organization and Description of Business (Textual)

Leasing fees

$ 239,000

Lease period

9 years 6 months

9 years 6 months

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

Organization and Description of Business (Textual)

Registered capital

$ 650,000

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

$ 770

Description of waste heat power generation energy management cooperative agreement

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 to be paid within 20 business days after the Transfer Agreement was signed; (b) RMB 30,000,000 ($4.32 million) was to be 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) was to 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. The Company recorded a $2.82 million loss from this transaction in 2016. In 2016, Xi'an TCH had received the first payment of $7.70 million and the second payment of $4.32 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; in July 2018, Zhongtai and the Company reached a further oral agreement to extend the repayment term of RMB 87,360,000 ($13.45 million) by another two to three months. In August 2018, the Company received $1,070,000 from Zhongtai; as of December 31, 2018, the Company had receivable from Zhongtai for $11.66 million (with bad debt allowance of $3.50 million). Zhongtai provided an acknowledgement letter to the Company stating they expect to repay the remaining balance of $11.66 million by the end of 2019 once they resume normal production.

Payments to Xi'an TCH

$ 167,360,000

Loss from transaction

282,000

First payment received

$ 50,000,000

770

Second payment received

432

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

Organization and Description of Business (Textual)

Payments to Xi'an TCH

$ 1,345

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] | RMB [Member] | Biomass Power Generation System [Member]

Organization and Description of Business (Textual)

Leasing fees | ¥

¥ 1,500,000

Xi’an TCH [Member] | RMB [Member] | Hongyuan Huifu [Member]

Organization and Description of Business (Textual)

Registered capital | ¥

¥ 4,000,000

HYREF Fund [Member]

Organization and Description of Business (Textual)

Ownership percentage

10.00%

10.00%

Registered capital

$ 440,000

$ 830,000

Subscribed amount of initial capital contribution

77,000,000

Total fund capital contribution

$ 460,000,000

Partnership expiration

Jul. 18, 2019

Fund Management, description

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. In addition, Xi'an TCH and HongyuanHuifu formed Beijing Hongyuan Recycling Energy Investment Management Company Ltd. to manage this Fund, which also subscribed in the amount of RMB 5 million ($830,000) from the Fund. 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 ($77 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").

HYREF Fund [Member] | Hongyuan Huifu [Member]

Organization and Description of Business (Textual)

Subscribed amount of initial capital contribution

$ 100

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

Organization and Description of Business (Textual)

Subscribed amount of initial capital contribution

280

HYREF Fund [Member] | RMB [Member]

Organization and Description of Business (Textual)

Registered capital | ¥

¥ 3,000,000

¥ 5,000,000

Hongyuan Recycling Energy Investment Management Beijing Co Ltd [Member]

Organization and Description of Business (Textual)

Ownership percentage

40.00%

Registered capital

$ 1,450,000

Total fund capital contribution

830,000

Hongyuan Recycling Energy Investment Management Beijing Co Ltd [Member] | RMB [Member]

Organization and Description of Business (Textual)

Registered capital | ¥

¥ 10,000,000

Hongyuan Huifu [Member]

Organization and Description of Business (Textual)

Profit distribution percentage

80.00%

Fund Management, description

Xi'an TCH entered into a Share Transfer Agreement with Hongyuan Huifu, pursuant to which Xi'an TCH agreed to transfer its 40% ownership in the Fund Management Company to Hongyuan Huifu for consideration of RMB 3,453,867.31 ($0.53 million). The transfer was completed on January 22, 2019.

Hongyuan Huifu [Member] | Xi'an Tch Limited Partner [Member]

Organization and Description of Business (Textual)

Subscribed amount of initial capital contribution

16,670,000

Hongyuan Huifu [Member] | RMB [Member] | Xi'an Tch Limited Partner [Member]

Organization and Description of Business (Textual)

Subscribed amount of initial capital contribution

10,000,000

Sales Type Lease [Member]

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). Shenqiu Phase I and Phase II was transferred to Mr. Chonggong Bai on February 15, 2019 (see Note 12).

Zhonghong [Member]

Organization and Description of Business (Textual)

Total fund capital contribution

$ 77,000,000

Zhonghong [Member] | Chengli Waste Heat Power Generation Projects [Member]

Organization and Description of Business (Textual)

Registered capital

$ 27,540,000

Zhonghong [Member] | RMB [Member] | Chengli Waste Heat Power Generation Projects [Member]

Organization and Description of Business (Textual)

Registered capital | ¥

¥ 188,639,400

Xuzhou Huayu project [Member] | Subsequent Event [Member]

Organization and Description of Business (Textual)

Registered capital

$ 17,520,000

Xuzhou Huayu project [Member] | RMB [Member] | Subsequent Event [Member]

Organization and Description of Business (Textual)

Registered capital | ¥

¥ 120,000,000

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details)	12 Months Ended
	Dec. 31, 2018
Building [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, useful life	20 years
Vehicles [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, useful life	2 years
Vehicles [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, useful life	5 years
Office and Other Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, useful life	2 years
Office and Other Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, useful life	5 years
Software [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, useful life	2 years
Software [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, useful life	3 years

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Details 1) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Accounting Policies [Abstract]
Net loss	$ (65,996,898)	$ (7,342,551)
Weighted average shares outstanding - basic	8,658,267	8,310,198
Effect of dilutive securities:
Warrants granted	47,628
Options granted		155
Weighted average shares outstanding – diluted	8,705,895	8,310,353
Loss per share - basic	$ (7.62)	$ (0.88)
Loss per share - diluted	$ (7.62)	$ (0.88)

Summary of Significant Accoun_6

Summary of Significant Accounting Policies (Details Textual)	Jan. 04, 2019USD ($)	Jan. 04, 2019CNY (¥)	Dec. 29, 2018USD ($)	Dec. 29, 2018CNY (¥)	Dec. 31, 2018USD ($)	Dec. 31, 2018CNY (¥)	Dec. 31, 2017USD ($)
Summary of Significant Accounting Policies (Textual)
Accounts receivable					$ 11,755,251		$ 15,858,804
Interest receivable on sales type leases					9,336,140		9,619,278
Asset impairment loss					28,429,789
Bad debt allowance for net investment receivable					$ 29,276,658		$ 1,802,822
Description of corporate income tax rate					The provisions of the Tax Act that may have significant impact on the Company, including the permanent reduction of the corporate income tax rate from 35% to 21% effective for tax years including or commencing on January 1, 2018.	The provisions of the Tax Act that may have significant impact on the Company, including 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%
Dad debt allowance					$ 3,496,911
Ownership percentage, description					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.	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.
Xuzhou Tian’an [Member]
Summary of Significant Accounting Policies (Textual)
Asset impairment loss					$ 13,776,701
Fair value of transfered amount					25,150,000
Xuzhou Tian’an [Member] | RMB [Member]
Summary of Significant Accounting Policies (Textual)
Fair value of transfered amount | ¥						¥ 172,250,000
Shenqiu systems [Member]
Summary of Significant Accounting Policies (Textual)
Bad debt allowance for net investment receivable					7,274,872
Pucheng systems [Member]
Summary of Significant Accounting Policies (Textual)
Bad debt allowance for net investment receivable					$ 22,001,786
Xuzhou Huayu [Member]
Summary of Significant Accounting Policies (Textual)
Asset impairment loss			$ 8,124,968
Fair value of transfered amount			$ 27,540,000
Xuzhou Huayu [Member] | RMB [Member]
Summary of Significant Accounting Policies (Textual)
Fair value of transfered amount | ¥				¥ 188,639,400
Xuzhou Huayu [Member] | Subsequent Event [Member]
Summary of Significant Accounting Policies (Textual)
Asset impairment loss	$ 6,528,120
Fair value of transfered amount	$ 17,520,000
Xuzhou Huayu [Member] | Subsequent Event [Member] | RMB [Member]
Summary of Significant Accounting Policies (Textual)
Fair value of transfered amount | ¥		¥ 120,000,000

Notes Receivable - Bank Accep_2

Notes Receivable - Bank Acceptance (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Notes Receivable - Bank Acceptance (Textual)
Outstanding notes receivable		$ 979,462

Investment in Sales-Type Leas_3

Investment in Sales-Type Leases, Net (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Investments [Abstract]
Total future minimum lease payments receivable	$ 88,661,266	$ 99,155,214
Less: executory cost	(5,687,704)	(6,360,901)
Less: unearned interest	(19,398,707)	(23,730,094)
Less: realized interest income but not yet received	(9,336,141)	(9,619,278)
Less: allowance for net investment receivable	(29,276,658)	(1,802,822)
Investment in sales-type leases, net	24,962,056	57,642,119
Current portion		11,531,745
Noncurrent portion	$ 24,962,056	$ 46,110,374

Investment in Sales-Type Leas_4

Investment in Sales-Type Leases, Net (Details 1) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Investments [Abstract]
2019	$ 36,251,311
2020	12,414,034
2021	12,414,034
2022	10,971,558
2023	6,644,132
Thereafter	9,966,197
Total	$ 88,661,266	$ 99,155,214

Investment in Sales-Type Leas_5

Investment in Sales-Type Leases, Net (Details Textual)	12 Months Ended
	Dec. 31, 2018
Investment in Sales-Type Leases, Net (Textual)
Sale leaseback transaction lease, Terms	(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) BMPG systems to Shenqiu Phase II (9.5-year term).

Prepaid Expenses (Details)

Prepaid Expenses (Details)	12 Months Ended
	Dec. 31, 2018USD ($)	Dec. 31, 2018CNY (¥)	Dec. 31, 2017USD ($)
Prepaid Expenses (Textual)
Percentage of funds raised	2.00%	2.00%
Consulting fee	$ 1,200,000
Percentage of funds actually contributed	2.00%	2.00%
Prepaid consulting expense			$ 710,000
Prepaid tax	$ 32,395		$ 34,026
RMB [Member]
Prepaid Expenses (Textual)
Consulting fee | ¥		¥ 8,200,000

Other Receivables (Details)

Other Receivables (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Other Receivables (Textual)
Advance to third party	$ 7,285	$ 7,652
Tax and maintenance cost receivable	$ 1,528,368	$ 1,155,670

Long Term Investment (Details)

Long Term Investment (Details) - USD ($)	1 Months Ended			12 Months Ended
	Dec. 29, 2018	Jul. 18, 2013	Jun. 25, 2013	Dec. 31, 2018	Dec. 31, 2017	Jul. 31, 2013
Long Term Investment (Textual)
Loss on sale	$ 79,000
Loss on sale, percentage	40.00%
RMB [Member]
Long Term Investment (Textual)
Total fund capital contribution						$ 460,000,000
HongyuanHuifu [Member]
Long Term Investment (Textual)
Profit distribution percentage			80.00%
Xian Tch [Member]
Long Term Investment (Textual)
Profit distribution percentage			20.00%
Hongyuan Recycling Energy Investment Management Co.Ltd [Member]
Long Term Investment (Textual)
Registered capital			$ 1,600,000
Hongyuan Recycling Energy Investment Management Co.Ltd [Member] | RMB [Member]
Long Term Investment (Textual)
Registered capital			10,000,000
Subscribe amount of initial capital contribution			75,000,000
Zhonghong [Member]
Long Term Investment (Textual)
Total fund capital contribution		$ 77,000,000
Zhonghong [Member] | RMB [Member]
Long Term Investment (Textual)
Total fund capital contribution		$ 4,600,000
Xi'an TCH [Member]
Long Term Investment (Textual)
Original investment by subsidiary			$ 65
Profit distribution percentage			20.00%
Subscribe amount of initial capital contribution			$ 650,000
Percentage of owned fund		16.30%
Equity based investment income (loss)				$ 469	$ (176,481)
Xi'an TCH [Member] | RMB [Member]
Long Term Investment (Textual)
Subscribe amount of initial capital contribution			$ 4,000,000
Xi'an TCH [Member] | HongyuanHuifu [Member]
Long Term Investment (Textual)
Subscribe amount of initial capital contribution		$ 16,670,000
Xi'an TCH [Member] | HongyuanHuifu [Member] | RMB [Member]
Long Term Investment (Textual)
Subscribe amount of initial capital contribution		10,000,000
Xi'an TCH [Member] | Other Ownership Interest [Member]
Long Term Investment (Textual)
Profit distribution percentage			40.00%
HYREF Fund [Member]
Long Term Investment (Textual)
Investment cost		830,000
Subscribe amount of initial capital contribution		$ 10,810,000
Long term investment term, description		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.
HYREF Fund [Member] | RMB [Member]
Long Term Investment (Textual)
Investment cost		$ 5,000,000
HYREF Fund [Member] | Xi'an TCH [Member]
Long Term Investment (Textual)
Cost method investments		10,810,000
HYREF Fund [Member] | Xi'an TCH [Member] | RMB [Member]
Long Term Investment (Textual)
Cost method investments		75,000,000
HYREF Fund [Member] | China Orient Asset Management Co., Ltd [Member]
Long Term Investment (Textual)
Original investment by subsidiary		4,667,000
HYREF Fund [Member] | China Orient Asset Management Co., Ltd [Member] | RMB [Member]
Long Term Investment (Textual)
Original investment by subsidiary		$ 280,000,000
HongyuanHuifu [Member]
Long Term Investment (Textual)
Total fund capital contribution	$ 3,453,867
HongyuanHuifu [Member] | RMB [Member]
Long Term Investment (Textual)
Total fund capital contribution	$ 530,000

Construction in Progress (Detai

Construction in Progress (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Schedule of Construction in Progress [Line Items]
Less: assets impairment allowance	$ (19,577,691)
Total	42,582,177	95,165,973
Xuzhou Huayu [Member]
Schedule of Construction in Progress [Line Items]
Total	23,778,899	24,976,178
Xuzhou Tian’an [Member]
Schedule of Construction in Progress [Line Items]
Total	38,380,969	37,814,637
Boxing County Chengli [Member]
Schedule of Construction in Progress [Line Items]
Total		$ 32,375,158

Construction in Progress (Det_2

Construction in Progress (Details Textual)	12 Months Ended
	Dec. 31, 2018USD ($)
Xuzhou Huayu [Member]
Construction in Progress and Fixed Assets (Textual)
Committed to pay an additional	$ 11,660,000
Transferred of shares, description	However, on February 15, 2019, Zhonghong transferred Xuzhou Huayu Project to Mr. Bai for RMB 120,000,000 ($17.52 million). Mr. Bai agreed to transfer all the equity shares of his wholly owned company, Xi'an Hanneng, to the "HYREF" as repayment for the loan made by Xi'an Zhonghong to HYREE as consideration for the transfer of the Xuzhou Huayu Project.
Xuzhou Tian’an [Member]
Construction in Progress and Fixed Assets (Textual)
Committed to pay an additional	$ 4,040,000
Boxing County Chengli [Member]
Construction in Progress and Fixed Assets (Textual)
Transferred of shares, description	On January 22, 2019, Xi'an Zhonghong, transferred Chengli CDQ WHPG station as the repayment of loan at RMB 188,639,400 ($27.54 million) to HYREF.
Fixed assets cost	$ 35,240,000

Taxes Payable (Details)

Taxes Payable (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Taxes Payable [Abstract]
Income - current	$ 1,718,051	$ 1,097,768
VAT	1,666,695	1,145,363
Other	251,813	180,649
Total - current	3,636,559	2,423,780
Income - noncurrent	$ 6,390,625	$ 6,998,625

Taxes Payable (Details Textual)

Taxes Payable (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Taxes Payable (Textual)
Income tax payable, current	$ 3,636,559	$ 2,423,780
Income tax payable, noncurrent	6,390,625	$ 6,998,625
Income tax payable	$ 8,110,000
Tax liability installments, description	An election is available for the U.S. shareholders of a 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_3

Accrued Liabilities and Other Payables (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Accounts Payable and Accrued Liabilities [Line Items]
Total	$ 1,617,997	$ 1,618,316
Employee training, labor union expenditure and social insurance payable [Member]
Accounts Payable and Accrued Liabilities [Line Items]
Total	844,997	852,316
Accrued payroll and welfare [Member]
Accounts Payable and Accrued Liabilities [Line Items]
Total	261,152	261,793
Consulting, auditing, and legal expenses [Member]
Accounts Payable and Accrued Liabilities [Line Items]
Total	488,052	480,057
Other [Member]
Accounts Payable and Accrued Liabilities [Line Items]
Total	$ 23,796	$ 24,150

Deferred Tax Liability, Net (De

Deferred Tax Liability, Net (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Summary of deferred tax liability
Deferred tax asset - current (accrual of employee social insurance)	$ 186,779	$ 189,617
Deferred tax liability - current (net investment in sales-type leases)	(1,639,057)	(1,520,537)
Deferred tax liability, net of current deferred tax asset	(1,452,278)	(1,330,920)
Deferred tax asset - noncurrent (depreciation of fixed assets)	6,176,064	7,675,645
Deferred tax asset - noncurrent (asset impairment loss)	15,003,497	450,706
Deferred tax asset - noncurrent (capitalized interest on CIP)	2,531,120	2,574,749
Deferred tax asset---noncurrent (interest income in sales-type leases)	658,307
Deferred tax asset---noncurrent	3,114,083	14,321,617
Less: valuation allowance on deferred tax assets	(21,353,059)	(14,321,617)
Deferred tax assets --- noncurrent, net	7,747,873	10,701,100
Deferred tax liability - noncurrent (net investment in sales-type leases)	(9,335,941)	(11,527,594)
Deferred tax liability, net of noncurrent deferred tax assets	(1,588,068)	(826,494)
Total Deferred tax liability, noncurrent per ASU 2015-17	(3,040,346)	(2,157,414)
PRC [Member]
Summary of deferred tax liability
Deferred tax asset---noncurrent	$ 1,617,861

Loans Payable (Details)

Loans Payable (Details)	Dec. 31, 2018USD ($)
Future minimum repayment
2019	$ 48,373,936
Total	$ 48,373,936

Loans Payable (Details Textual)

Loans Payable (Details Textual)	Aug. 06, 2017USD ($)	Aug. 05, 2016USD ($)	Feb. 15, 2019	Dec. 29, 2018USD ($)	Dec. 29, 2018CNY (¥)	Jul. 31, 2013USD ($)	Dec. 31, 2018USD ($)	Jan. 22, 2019USD ($)	Jan. 04, 2019USD ($)	Dec. 02, 2018	Aug. 06, 2016USD ($)
Loans Payable (Textual)
Percentage of service fee on loan						0.10%
Long term debt maturities repayments of principal in fourth year	$ 100,000,000
Long term debt maturities repayments of principal in fifth year	12,520,000
Interest rate							9.00%
Remaining debt amount	280,000,000	$ 34,680,000
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							$ 17,470,000
Description of remaining loan balance							The Company negotiated with the lender again to further extend 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 until August 2019 with an adjusted annual interest rate of 9%, subject to the final approval from its headquarters.
Buy bank agreement, description				The buy-back price for the Xi'an Hanneng's equity will be the higher of (i) the market price of the equity shares at the time of buy-back; or (ii) the original transfer price of the equity shares plus bank interest. HYREF may request that the Buyers buy back the equity shares of Xi'an Hanneng and/or the CDQ WHPG station if one of the following conditions is met: (i) HYREF holds the equity shares of Xi'an Hanneng until December 31, 2021; (ii) Xi'an Huaxin New Energy Co., Ltd., a subsidiary of Xi'an Hanneng is delisted from The National Equities Exchange And Quotations Co., Ltd., a Chinese over-the-counter trading system (the "NEEQ"); (iii) any of the Buyers or its affiliates has a credit problem, including not being able to issue an auditor report or standard auditor report or any control person or executive of the Buyers is involved in crimes and is under prosecution or has other material credit problems, to HYREF's reasonable belief; (iv) if Xi'an Zhonghong fails to timely make repayment on principal or interest of the loan agreement, its supplemental agreement or extension agreement; (v) the Buyers or any party to the Debt Repayment Agreement materially breaches the Debt Repayment Agreement or its related transaction documents, including but not limited to the Share Transfer Agreement, the Pledged Assets Transfer Agreement, the Entrusted Loan Agreement and their guarantee agreements and supplemental agreements.	The buy-back price for the Xi'an Hanneng's equity will be the higher of (i) the market price of the equity shares at the time of buy-back; or (ii) the original transfer price of the equity shares plus bank interest. HYREF may request that the Buyers buy back the equity shares of Xi'an Hanneng and/or the CDQ WHPG station if one of the following conditions is met: (i) HYREF holds the equity shares of Xi'an Hanneng until December 31, 2021; (ii) Xi'an Huaxin New Energy Co., Ltd., a subsidiary of Xi'an Hanneng is delisted from The National Equities Exchange And Quotations Co., Ltd., a Chinese over-the-counter trading system (the "NEEQ"); (iii) any of the Buyers or its affiliates has a credit problem, including not being able to issue an auditor report or standard auditor report or any control person or executive of the Buyers is involved in crimes and is under prosecution or has other material credit problems, to HYREF's reasonable belief; (iv) if Xi'an Zhonghong fails to timely make repayment on principal or interest of the loan agreement, its supplemental agreement or extension agreement; (v) the Buyers or any party to the Debt Repayment Agreement materially breaches the Debt Repayment Agreement or its related transaction documents, including but not limited to the Share Transfer Agreement, the Pledged Assets Transfer Agreement, the Entrusted Loan Agreement and their guarantee agreements and supplemental agreements.
Shanghai TCH [Member]
Loans Payable (Textual)
Consideration amount				$ 437,956
Ownership percentage				10.00%
Xi'an Tch Limited Partner [Member]
Loans Payable (Textual)
Capitalized interest to construction in progress						$ 27,000,000
Debt amount paid				$ 2,168,000
TransferAgreement [Member] | Hyref [Member]
Loans Payable (Textual)
Loan payable				27,540,000
TransferAgreement [Member] | Hongyuan Huifu [Member]
Loans Payable (Textual)
Consideration amount				$ 504,000
Ownership percentage				40.00%
Supplemental Agreement [Member] | Hongyuan Huifu [Member]
Loans Payable (Textual)
Consideration amount				$ 2,672,000
Subsequent Event [Member] | Xuzhou Huayu project [Member]
Loans Payable (Textual)
Loan payable									$ 17,520,000
Debt amount paid									36,070,000
Subsequent Event [Member] | Shenqiu Phase I & II project [Member]
Loans Payable (Textual)
Loan payable									18,550,000
Debt amount paid									36,070,000
Subsequent Event [Member] | Projects Transfer Agreement [Member]
Loans Payable (Textual)
Transfer Agreement, description			Xi'an Zhonghong completed the transfer of Xuzhou Huayu Project to Mr. Chonggong Bai for RMB 120,000,000 (US$17.52 million) and Xi'an TCH completed the transfer of Shenqiu Phase I and II Projects to Mr. Bai for RMB 127,066,000 ($18.55 million). Mr. Bai agreed to transfer all the equity shares of his wholly owned company, Xi'an Hanneng to HYREF as repayment by Xi'an Zhonghong for the RMB 247,066,000 ($36.07 million) loan to HYREE as consideration for the transfer of the Xuzhou Huayu Project and Shenqiu Phase I and II Projects.
Subsequent Event [Member] | TransferAgreement [Member] | Hyref [Member]
Loans Payable (Textual)
Loan payable								$ 27,540,000
Ownership percentage								10.00%
RMB [Member]
Loans Payable (Textual)
Total fund capital contribution						460,000,000
Remaining debt amount	$ 45,540,000	$ 230,000,000
RMB [Member] | Shanghai TCH [Member]
Loans Payable (Textual)
Consideration amount | ¥					¥ 3,000,000
Ownership percentage										10.00%
RMB [Member] | Xi'an Tch Limited Partner [Member]
Loans Payable (Textual)
Debt amount paid				14,852,800
RMB [Member] | Hongyuan Huifu [Member]
Loans Payable (Textual)
Debt amount paid				3,453,867
RMB [Member] | TransferAgreement [Member] | Hyref [Member]
Loans Payable (Textual)
Loan payable				188,639,400
RMB [Member] | TransferAgreement [Member] | Hongyuan Huifu [Member]
Loans Payable (Textual)
Consideration amount				3,453,867
RMB [Member] | Supplemental Agreement [Member] | Hongyuan Huifu [Member]
Loans Payable (Textual)
Consideration amount				$ 18,306,667
RMB [Member] | Subsequent Event [Member] | Xuzhou Huayu project [Member]
Loans Payable (Textual)
Loan payable									120,000,000
Debt amount paid									247,066,000
RMB [Member] | Subsequent Event [Member] | Shenqiu Phase I & II project [Member]
Loans Payable (Textual)
Loan payable									127,066,000
Debt amount paid									$ 247,066,000
RMB [Member] | Subsequent Event [Member] | TransferAgreement [Member] | Hyref [Member]
Loans Payable (Textual)
Loan payable								$ 188,639,400
Entrusted loan [Member]
Loans Payable (Textual)
Debt investments						74,500,000
Long term debt maturities repayments of principal in third year							$ 280,000,000
Interest rate							12.50%
Interest expense							$ 337,000,000
Capitalized interest to construction in progress							238,000,000
Loan payable outstanding balance							59,290,000
Debt amount paid							7,540,000
Entrusted loan [Member] | Xi'an Tch Limited Partner [Member]
Loans Payable (Textual)
Loan payable							10,920,000
Capitalized interest to construction in progress							10,920,000
Entrusted loan [Member] | RMB [Member]
Loans Payable (Textual)
Debt investments						457,000,000
Debt amount paid							$ 50,000,000
Zhonghong [Member]
Loans Payable (Textual)
Loan payable for first three years, description							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
Loan payable for fourth year, description							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
Loan payable for fifth year, description							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											$ 42,220,000
HYREF [Member]
Loans Payable (Textual)
Equity investments						500,000
Debt investments						74,500,000
Total fund capital contribution						77,000,000
HYREF [Member] | RMB [Member]
Loans Payable (Textual)
Equity investments						3,000,000
Debt investments						$ 457,000,000

Refundable Deposits from Cust_2

Refundable Deposits from Customers for Systems Leasing (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Pucheng and Shengqiu [Member]
Refundable Deposit from Customers for Systems Leasing (Textual)
Balance of refundable deposits from customers	$ 1,034,503	$ 1,086,591

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Related Party Transactions (Textual)
Advance to related party	$ 41,168	$ 43,623

Convertible Note Payable, Net (

Convertible Note Payable, Net (Details) - USD ($)	Jul. 11, 2018	Dec. 31, 2018
Short-term Debt [Line Items]
Convertible note payable, net of unamortized OID and debt issuing costs		$ 1,031,849
Accrued interest on convertible note		40,572
Amortized OID		11,849
Loan issuing cost		$ 4,740
Securities Purchase Agreement [Member]
Short-term Debt [Line Items]
Convertible promissory note amount	$ 1,070,000
Original issue discount	50,000
Payment of purchaser fees and costs	$ 20,000
Interest rate	8.00%
Conversion price	$ 3
Subsequent event, description	All outstanding principal and accrued interest on the Note will become due and payable on July 11, 2020, subject to a potential one-year extension during which interest would not accrue.
Percentage of outstanding purchase price	125.00%

Shares Issued for Equity Fina_3

Shares Issued for Equity Financing (Details) - Warrant [Member]	12 Months Ended
	Dec. 31, 2018$ / sharesshares
Number of Warrants
Granted | shares	2,124,038
Exercised | shares
Forfeited | shares
Expired | shares
Outstanding at December 31, 2018 | shares	2,124,038
Exercisable at December 31, 2018 | shares	2,124,038
Average Exercise Price
Granted | $ / shares	$ 1.41
Exercised | $ / shares
Forfeited | $ / shares
Expired | $ / shares
Outstanding at December 31, 2018 | $ / shares	1.41
Exercisable at December 31, 2018 | $ / shares	$ 1.41
Weighted Average Remaining Contractual Term in Years
Granted	5 years 5 months 20 days
Exercised
Forfeited
Expired
Outstanding at December 31, 2018	5 years 3 months 15 days
Exercisable at December 31, 2018	5 years 3 months 15 days

Shares Issued for Equity Fina_4

Shares Issued for Equity Financing (Details Textual) - USD ($)	1 Months Ended	12 Months Ended
	Oct. 29, 2018	Dec. 31, 2018
Shares Issued for Equity Financing (Textual)
Aggregate shares	1,985,082
Sale price per share	$ 1.375
Gross proceeds	$ 2,750,000
Purchase price per warrant	$ 0.125
Exercise price	$ 1.3725
Aggregate gross proceeds of warrants	$ 250,000
Placement warrants, description	H.C. Wainwright & Co., LLC is acting as the Company's exclusive placement agent in connection with the offerings under the Purchase Agreement and will receive a fee equal to 7.0% of the gross proceeds received by the Company from the offerings, up to $75,000 for certain expenses and warrants to purchase the Company's Common Stock in an amount equal to 7% of the Company's Shares sold to the Purchasers in the offerings, or 138,956 shares of Common Stock, on substantially the same terms as the Warrants, with an initial exercise price of $1.875 per share and expiration date of October 29, 2023 (the "Placement Agent Warrants").
Volatility		98.00%
Risk-free interest rate		2.91%
Dividend yield		0.00%
Investor Warrants [Member]
Shares Issued for Equity Financing (Textual)
Estimated life		5 years 6 months
Fair value of warrants		$ 2,499,238
Placement Agent [Member]
Shares Issued for Equity Financing (Textual)
Estimated life		5 years
Fair value of warrants		$ 161,027

Noncontrolling Interest (Detail

Noncontrolling Interest (Details)	Jul. 15, 2013USD ($)	Dec. 29, 2018USD ($)	Dec. 29, 2018USD ($)	Dec. 29, 2018CNY (¥)	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Jan. 22, 2019	Dec. 02, 2018	Jul. 15, 2013CNY (¥)
Noncontrolling Interest (Textual)
Net losses attributable to noncontrolling interest					$ 3,203,657	$ 327,147
Loss from purchase		$ 3,980,000
Loss from purchase, percentage		10.00%
Subsequent Event [Member] | Shanghai TCH [Member]
Noncontrolling Interest (Textual)
Ownership percentage							10.00%
Shanghai TCH [Member]
Noncontrolling Interest (Textual)
Consideration amount			$ 437,956
Ownership percentage		10.00%	10.00%	10.00%
RMB [Member] | Shanghai TCH [Member]
Noncontrolling Interest (Textual)
Consideration amount | ¥				¥ 3,000,000
Ownership percentage								10.00%
Xi'an TCH [Member]
Noncontrolling Interest (Textual)
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%; accordingly, the ultimate non-controlling interest (HYREF Fund) in Zhonghong became 8.3%.
Noncontrolling interest, ownership percentage	90.00%								90.00%
Xi'an TCH [Member] | RMB [Member]
Noncontrolling Interest (Textual)
Equity investments | ¥									¥ 27,000,000
Zhonghong [Member]
Noncontrolling Interest (Textual)
Registered capital	$ 4,880,000
Noncontrolling interest, ownership percentage	10.00%								10.00%
Zhonghong [Member] | RMB [Member]
Noncontrolling Interest (Textual)
Registered capital | ¥									¥ 30,000,000

Income Tax (Details)

Income Tax (Details)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Schedule of reconciles U.S. statutory rates to effective tax rate
U.S. statutory rates	(21.00%)	34.00%
Tax rate difference - current provision	(4.00%)	(13.50%)
Other	(0.10%)
Tax rate change for future deferred tax items		30.60%
Prior periods income tax adjustment per income tax return filed		(4.20%)
Section 965 one-time transition tax		2046.70%
Permanent differences		1.00%
Valuation allowance on PRC NOL	28.90%	63.20%
Valuation allowance on US NOL	0.20%	16.30%
Tax per financial statements	4.00%	2174.10%

Income Tax (Details 1)

Income Tax (Details 1) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Schedule of provision for income tax expenses
Income tax expense - current	$ 1,604,473	$ 9,101,026
Income tax expense (benefit) - deferred	1,022,985	(1,061,548)
Total income tax expense	$ 2,627,458	$ 8,039,476

Income Tax (Details Textual)

Income Tax (Details Textual) - USD ($)	1 Months Ended	12 Months Ended
	Dec. 22, 2017	Dec. 31, 2018	Dec. 31, 2017
Income Tax (Textual)
Effective income tax rate		4.00%	2174.10%
Provisional tax expense		$ 2,627,458	$ 8,039,476
Deferred tax asset valuation allowance		100.00%
Operating income loss carryforwards, period		20 years
Net operating loss carry forward		$ 14,830,000
Income tax, description	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.
Subsidiaries [Member]
Income Tax (Textual)
Effective income tax rate		25.00%	25.00%
One-time Transition Tax [Member]
Income Tax (Textual)
Provisional tax expense			$ 7,610,000
PRC [Member]
Income Tax (Textual)
Effective income tax rate		25.00%
Net operating losses		$ 6,470,000
Deferred tax asset valuation allowance		100.00%

Stock-Based Compensation Plan_2

Stock-Based Compensation Plan (Details) - Independent directors compensation plan [Member] - $ / shares	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Number of Shares
Outstanding, Beginning balance	9,000	4,000
Exercisable, Beginning balance	9,000	4,000
Granted		5,000
Exercised
Forfeited
Outstanding, Ending balance	9,000	9,000
Exercisable, Ending balance	9,000	9,000
Average Exercise Price per Share
Outstanding, Beginning balance	$ 5.4	$ 10.2
Exercisable, Beginning balance	5.4	10.2
Granted		1.6
Exercised
Forfeited
Outstanding, Ending balance	5.4	5.4
Exercisable, Ending balance	$ 5.4	$ 5.4
Weighted Average Remaining Contractual Term in Years
Outstanding, Beginning balance	6 years 4 months 28 days	3 years 9 months 7 days
Exercisable, Beginning balance	6 years 4 months 28 days	3 years 9 months 7 days
Granted	0 years	10 years
Exercised	0 years	0 years
Forfeited	0 years	0 years
Outstanding, Ending balance	5 years 4 months 28 days	6 years 4 months 28 days
Exercisable, Ending balance	5 years 4 months 28 days	6 years 4 months 28 days

Stock-Based Compensation Plan_3

Stock-Based Compensation Plan (Details Textual) - USD ($)	Apr. 27, 2017	May 25, 2016	Jun. 19, 2015	Apr. 24, 2015	Mar. 31, 2015	Dec. 31, 2018	Dec. 31, 2017
Stock-Based Compensation Plan (Textual)
Common stock, par value						$ 0.001	$ 0.001
Reverse stock split		Options reflects the 10:1 Reverse Stock Split.
Expected volatility rate						98.00%
Risk free interest rate						2.91%
Dividend yield						0.00%
Compensation expense for stock options						$ 0	$ 7,647
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
Reverse stock split					10:1 Reverse Stock Split.
Options estimated life					5 years
Expected volatility rate					82.00%
Risk free interest rate					1.37%
Dividend yield					0.00%
Grant date					$ 26,528
Stock options					40,000
Mr. 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.
Equity Plan [Member]
Stock-Based Compensation Plan (Textual)
Share based payment award, grants			12,462,605
Reverse stock split			10:1 Reverse Stock Split.
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%
Grant date	$ 7,647
Stock options	5,000

Statutory Reserves (Details)

Statutory Reserves (Details) - Dec. 31, 2018	USD ($)	CNY (¥)
Shanghai TCH [Member]
Subsidiary or Equity Method Investee [Line Items]
Registered Capital | $	$ 29,800,000
Maximum Statutory Reserve Amount | $	14,900,000
Statutory reserve | $	1,003,859
Shanghai TCH [Member] | RMB [Member]
Subsidiary or Equity Method Investee [Line Items]
Statutory reserve		¥ 6,564,303
Xi’an TCH [Member]
Subsidiary or Equity Method Investee [Line Items]
Statutory reserve | $	10,606,984
Xi’an TCH [Member] | RMB [Member]
Subsidiary or Equity Method Investee [Line Items]
Registered Capital		202,000,000
Maximum Statutory Reserve Amount		101,000,000
Statutory reserve		69,359,820
Erdos TCH [Member]
Subsidiary or Equity Method Investee [Line Items]
Statutory reserve | $	2,914,869
Erdos TCH [Member] | RMB [Member]
Subsidiary or Equity Method Investee [Line Items]
Registered Capital		120,000,000
Maximum Statutory Reserve Amount		60,000,000
Statutory reserve		19,035,814
Shaanxi Huahong [Member]
Subsidiary or Equity Method Investee [Line Items]
Registered Capital | $	2,500,300
Maximum Statutory Reserve Amount | $	$ 1,250,150
Xi’an Zhonghong [Member] | RMB [Member]
Subsidiary or Equity Method Investee [Line Items]
Registered Capital		30,000,000
Maximum Statutory Reserve Amount		15,000,000
Zhongxun [Member] | RMB [Member]
Subsidiary or Equity Method Investee [Line Items]
Registered Capital		35,000,000
Maximum Statutory Reserve Amount		¥ 17,500,000

Statutory Reserves (Details Tex

Statutory Reserves (Details Textual)	12 Months Ended
	Dec. 31, 2018
Common Welfare Fund [Member] | Minimum [Member]
Statutory Reserves (Textual)
Percentage of net income	5.00%
Common Welfare Fund [Member] | Maximum [Member]
Statutory Reserves (Textual)
Percentage of net income	10.00%
Statutory Surplus Reserve Fund [Member]
Statutory Reserves (Textual)
Surplus reserve fund, description	The remaining reserve balance after such issue is not less than 25% of the registered capital.
Percentage of net income	10.00%
Statutory surplus reserve of registered capital, percentage	50.00%

Commitments (Details)

Commitments (Details)	Dec. 31, 2018USD ($)
Commitments and Contingencies Disclosure [Abstract]
December 31, 2019	$ 107,095
November 30, 2020	$ 85,194

Commitments (Details Textual)

Commitments (Details Textual)	Aug. 02, 2018USD ($)	Aug. 02, 2018CNY (¥)	Nov. 20, 2017USD ($)	Nov. 20, 2017CNY (¥)	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Commitments (Textual)
Lease agreement, description	The Company entered into a lease for its office use in Beijing with a term from August 4, 2018 through August 3, 2020.	The Company entered into a lease for its office use in Beijing with a term from August 4, 2018 through August 3, 2020.	Xi'an TCH entered into a lease for its office with a term from December 1, 2017 through November 30, 2020.	Xi'an TCH entered into a lease for its office with a term from December 1, 2017 through November 30, 2020.
Monthly rental payment	$ 3,205		$ 5,600
Rental expense					$ 83,394	$ 197,143
RMB [Member]
Commitments (Textual)
Monthly rental payment | ¥		¥ 22,000		¥ 36,536

Subsequent Events (Details)

Subsequent Events (Details) - USD ($)	Apr. 15, 2019	Apr. 14, 2019	Feb. 13, 2019	Feb. 27, 2019	Jan. 31, 2019	Oct. 29, 2018	Dec. 31, 2018	Dec. 31, 2017
Subsequent Events (Textual)
Purchase price per share						$ 1.375
Common stock, gross proceeds							$ 2,689,190
Warrants, gross proceeds						$ 250,000
Warrants exercise price						$ 1.3725
Subsequent Event [Member] | Convertible Notes / Promissory Notes [Member]
Subsequent Events (Textual)
Subsequent event, description		The Exchange Notes bore interest at the rate of 8% per annum and did not grant conversion options to the Purchaser. The Company's obligations under the Exchange Notes could be prepaid at any time, provided that in such circumstance the Company would have paid a 125% premium on any amounts outstanding under the Exchange Notes. Beginning on the date that is six (6) months from the issue date of the respective Original Notes (the "Issue Dates") and at any time thereafter until the Exchange Notes are paid in full, Purchaser shall have the right to redeem up to $750,000 of the outstanding balance during months six to eight following the respective Issue Date and any amount thereafter.
Securities Purchase Agreements [Member] | Subsequent Event [Member]
Subsequent Events (Textual)
Convertible promissory note amount				$ 1,050,000	$ 1,050,000
Original issue discount				$ 50,000	$ 50,000
Interest rate				8.00%	8.00%
Circumstance pay				125.00%	125.00%
Conversion price				$ 3	$ 3
Subsequent event, description				All outstanding principal and accrued interest on the Note will become due and payable on February 26, 2021.	All outstanding principal and accrued interest on the Note will become due and payable on January 30, 2021.
Securities Purchase Agreements [Member] | Subsequent Event [Member] | Private Placement [Member]
Subsequent Events (Textual)
Subsequent event, description	The Company will offer to the Purchasers, in a registered direct offering, an aggregate of 2,359,272 shares of common stock.  The Shares will be sold to the Purchasers at a negotiated purchase price of $0.80 per share, for aggregate gross proceeds to the Company of $1,887,417.60, before deducting placement agent fees and other estimated offering expenses payable by the Company.		The Company agreed to sell to the Purchaser in a private placement 1,600,000 shares (the "Shares") of the Company's common stock, par value $0.001 per share (the "Common Stock"), at $1.013 per share for $1,620,800 (the "Private Placement"). The Company shall file a registration statement for the registration of the Shares for their resale by the Purchaser within 100 days from the effective date of this Agreement.
Purchase of warrant price per share	$ 0.75
Warrants to purchase of common stock share	1,769,454
Warrants exercise price	$ 0.9365
Warrant term	5 years 6 months
Purchase agreement, description	The Purchase Agreement and will receive an aggregate cash fee equal to 7.0% of the gross proceeds received by the Company from the offerings, an aggregate of up to $75,000 for certain expenses, $10,000 for clearing expenses and warrants to purchase our Common Stock in an amount equal to 7% of our Shares sold to the Purchasers in the offerings, or 165,149 shares of Common Stock , on substantially the same terms as the Warrants, except that the Placement Agent Warrants shall have an initial exercise price of $1.00 per share, shall be exercisable commencing on the later of (i) six months of the issuance date or (ii) the date on which the Company increases the number of its authorized shares, and shall expire on April 15, 2024.