Smart Powerr (CREG) 10-Q12 Nov 212021 Q3 Quarterly reportFinancial data

Company Profile

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
Document And Entity Information - shares	Sep. 30, 2021	Nov. 11, 2021
Document Information Line Items
Entity Registrant Name	China Recycling Energy Corporation
Trading Symbol	CREG
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		6,926,802
Amendment Flag	false
Entity Central Index Key	0000721693
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Document Period End Date	Sep. 30, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q3
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	000-12536
Entity Incorporation, State or Country Code	NV
Entity Tax Identification Number	90-0093373
Entity Address, Address Line One	Rong Cheng Yun Gu Building Keji 3rd Road
Entity Address, Address Line Two	Yanta DistrictXi An City
Entity Address, City or Town	Xi An City
Entity Address, Address Line Three	Shaan Xi Province
Entity Address, Country	CN
Entity Address, Postal Zip Code	710075
City Area Code	(011)
Local Phone Number	86-29-8765-1098
Title of 12(b) Security	Common Stock, $0.001 par value
Security Exchange Name	NASDAQ
Entity Interactive Data Current	Yes

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Sep. 30, 2021	Dec. 31, 2020
CURRENT ASSETS
Cash	$ 149,522,088	$ 107,804,013
Accounts receivable, net		308,677
VAT receivable	186,415
Prepaid expenses	38,592	55,420
Other receivables	881,835	35,687
Total current assets	150,628,930	108,203,797
NON-CURRENT ASSETS
Long term deposit	16,901	16,799
Operating lease right-of-use assets, net	145,586
Fixed assets, net	6,266	6,228
Asset subject to buyback		28,910,696
Total non-current assets	168,753	28,933,723
TOTAL ASSETS	150,797,683	137,137,520
CURRENT LIABILITIES
Accounts payable	76,537	76,074
Taxes payable	2,443,562	3,145,612
Accrued interest on notes	221,996	18,968
Notes payable, net of unamortized OID of 275,605 and $144,355, respectively	7,133,323	3,005,645
Accrued liabilities and other payables	729,781	726,696
Operating lease liability	65,941
Due to related parties	28,418	28,440
Interest payable on entrusted loans		10,144,228
Entrusted loan payable		21,896,744
Total current liabilities	10,699,558	39,042,407
NONCURRENT LIABILITIES
Income tax payable	5,174,625	5,174,625
Operating lease liability	62,744
Long term payable	462,577	459,777
Entrusted loan payable	308,385	306,518
Total noncurrent liabilities	6,008,331	5,940,920
Total liabilities	16,707,889	44,983,327
CONTINGENCIES AND COMMITMENTS (NOTE 15 & 16)
STOCKHOLDERS’ EQUITY
Common stock, $0.001 par value; 100,000,000 shares authorized, 6,729,030 and 3,177,050 shares issued and outstanding as of September 30, 2021 and December 31, 2020, respectively	6,729	3,177
Additional paid in capital	159,591,760	119,748,999
Statutory reserve	15,174,627	15,155,042
Accumulated other comprehensive income	975,955	273,440
Accumulated deficit	(41,659,277)	(43,026,465)
Total Company stockholders' equity	134,089,794	92,154,193
TOTAL LIABILITIES AND EQUITY	$ 150,797,683	$ 137,137,520

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Notes payable (in Dollars)	$ 275,605	$ 144,355
Common stock, par value (in Dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	6,729,030	3,177,050
Common stock, shares outstanding	6,729,030	3,177,050

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Revenue
Contingent rental income
Interest income on sales-type leases
Total operating income
Operating expenses
Bad debts (reversal)		(9,479)	(34,581)	(1,659,101)
General and administrative	380,040	86,494	798,773	477,358
Total operating (income) expenses	380,040	77,015	764,192	(1,181,743)
Income (loss) from operations	(380,040)	(77,015)	(764,192)	1,181,743
Non-operating income (expenses)
Loss on note conversion	(58,436)	(298,523)	(61,155)	(496,853)
Interest income	109,269	51,688	302,426	124,305
Interest expense	(165,854)	(340,155)	(1,212,469)	(1,037,183)
Gain on termination of buy-back agreement of Chengli project	179		3,156,138
Other expenses, net	(50,790)	(7,275)	(121,026)	(47,903)
Total non-operating income (expenses), net	(165,632)	(594,265)	2,063,914	(1,457,634)
Income (loss) before income tax	(545,672)	(671,280)	1,299,722	(275,891)
Income tax (benefit) expense	10,902		(87,051)
Net income	(556,574)	(671,280)	1,386,773	(275,891)
Other comprehensive items
Foreign currency translation income (loss)	(565,170)	3,456,157	702,515	2,173,569
Comprehensive income (loss)	$ (1,121,744)	$ 2,784,877	$ 2,089,288	$ 1,897,678
Weighted average shares used for computing basic and diluted loss per share (in Shares)	6,615,759	2,687,609	5,175,164	2,381,180
Basic and diluted net income per share (in Dollars per share)	$ (0.08)	$ (0.25)	$ 0.27	$ (0.12)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
Consolidated Statements of Cash Flows (Unaudited) - USD ($)	Sep. 30, 2021	Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ 1,386,773	$ (275,891)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Amortization of OID and debt issuing costs of notes	118,750	45,833
Stock compensation expense	223,438	10,999
Operating lease expenses	50,812	49,034
Bad debts expense (reversal)	(34,581)	(1,659,101)
Loss on note conversion	61,155	496,853
Interest expense	818,914
Gain on termination of buy-back agreement of Chengli project	(3,156,138)
Changes in assets and liabilities:
Collection of principal and interest on sales type leases for Pucheng systems		13,959,334
Accounts receivable	345,808	43,765,943
Prepaid expenses	19,253	(8,339)
Other receivables	1,981	(3,141)
Advance to suppliers	(850,000)
VAT receivable	(186,817)
Taxes payable	(707,917)	(2,133,778)
Payment of lease liability	(67,750)	(57,442)
Interest payable on entrusted loan		962,052
Accrued liabilities and other payables	392,401	46,968
Net cash provided by (used in) operating activities	(1,583,918)	55,199,324
CASH FLOWS FROM FINANCING ACTIVITIES:
Issuance of notes payable	5,000,000
Issuance of common stock	37,561,720	497,187
Net cash provided by financing activities	42,561,720	497,187
EFFECT OF EXCHANGE RATE CHANGE ON CASH	740,273	1,869,350
NET INCREASE IN CASH	41,718,075	57,565,861
CASH, BEGINNING OF PERIOD	107,804,013	16,221,297
CASH, END OF PERIOD	149,522,088	73,787,158
Supplemental cash flow data:
Income tax paid	197,296
Interest paid
Supplemental disclosure of non-cash operating activities Repayment of entrusted loan resulting from termination of buy-back option for Chengli project	29,149,705
Transfer of Tian’an project from construction in progress to accounts receivable		23,771,386
Adoption of ASC 842-right-of-use asset	191,200
Adoption of ASC 842-operating lease liability	191,200
Supplemental disclosure of non-cash financing activities
Conversion of notes into common shares	$ 2,000,000	$ 1,442,086

Consolidated Statements of Stoc

Consolidated Statements of Stockholders’ Equity (Unaudited) - USD ($)	Common Stock	Paid in Capital	Statutory Reserves	Other Comprehensive Loss	Accumulated Deficit	Total
Balance at Dec. 31, 2019	$ 2,033	$ 116,682,374	$ 14,525,712	$ (6,132,614)	$ (46,447,959)	$ 78,629,546
Balance (in Shares) at Dec. 31, 2019	2,032,721
Net income (loss)					(598,551)	(598,551)
Issuance of common stock for stock compensation	$ 3	10,996				10,999
Issuance of common stock for stock compensation (in Shares)	3,333
Conversion of long-term notes into common shares	$ 143	533,024				533,167
Conversion of long-term notes into common shares (in Shares)	143,333
Foreign currency translation gain (loss)				(1,341,276)		(1,341,276)
Balance at Mar. 31, 2020	$ 2,179	117,226,394	14,525,712	(7,473,890)	(47,046,510)	77,233,885
Balance (in Shares) at Mar. 31, 2020	2,179,387
Net income (loss)					993,940	993,940
Conversion of long-term notes into common shares	$ 305	769,444				769,749
Conversion of long-term notes into common shares (in Shares)	304,710
Round-up of fractional shares due to reverse split	$ 9	(9)
Round-up of fractional shares due to reverse split (in Shares)	9,100
Transfer to Statutory Reserves			140,494		(140,494)
Foreign currency translation gain (loss)				58,688		58,688
Balance at Jun. 30, 2020	$ 2,493	117,995,829	14,666,206	(7,415,202)	(46,193,064)	79,056,262
Balance (in Shares) at Jun. 30, 2020	2,493,197
Net income (loss)					(671,280)	(671,280)
Conversion of long-term notes into common shares	$ 243	635,779				636,022
Conversion of long-term notes into common shares (in Shares)	242,699
Shares issued for equity financing	$ 265	496,922				497,187
Shares issued for equity financing (in Shares)	265,250
Transfer to Statutory Reserves			1,198		(1,198)
Foreign currency translation gain (loss)				3,456,157		3,456,157
Balance at Sep. 30, 2020	$ 3,001	119,128,530	14,667,404	(3,959,045)	(46,865,542)	82,974,348
Balance (in Shares) at Sep. 30, 2020	3,001,146
Balance at Dec. 31, 2020	$ 3,177	119,748,999	15,155,042	273,440	(43,026,465)	92,154,193
Balance (in Shares) at Dec. 31, 2020	3,177,050
Net income (loss)					(277,224)	(277,224)
Shares to be issued		38,253,041				38,253,041
Transfer to Statutory Reserves			1,538		(1,538)
Foreign currency translation gain (loss)				(1,140,163)		(1,140,163)
Balance at Mar. 31, 2021	$ 3,177	158,002,040	15,156,580	(866,723)	(43,305,227)	128,989,847
Balance (in Shares) at Mar. 31, 2021	3,177,050
Net income (loss)					2,220,571	2,220,571
Conversion of long-term notes into common shares	$ 54	502,665				502,719
Conversion of long-term notes into common shares (in Shares)	54,348
Issuance of common stock for equity financing	$ 3,320	(3,320)
Issuance of common stock for equity financing (in Shares)	3,320,000
Return of shares issued to CEO for equity financing	$ (60)	(691,260)				(691,320)
Return of shares issued to CEO for equity financing (in Shares)	(60,000)
Transfer to Statutory Reserves			14,774		(14,774)
Foreign currency translation gain (loss)				2,407,848		2,407,848
Balance at Jun. 30, 2021	$ 6,491	157,810,125	15,171,354	1,541,125	(41,099,430)	133,429,665
Balance (in Shares) at Jun. 30, 2021	6,491,398
Net income (loss)					(556,574)	(556,574)
Conversion of long-term notes into common shares	$ 207	1,558,228				1,558,435
Conversion of long-term notes into common shares (in Shares)	206,382
Stock compensation expense	$ 31	223,407				$ 223,438
Stock compensation expense (in Shares)	31,250
Return of shares issued to CEO for equity financing (in Shares)						31,250
Transfer to Statutory Reserves			3,273		(3,273)
Foreign currency translation gain (loss)				(565,170)		$ (565,170)
Balance at Sep. 30, 2021	$ 6,729	$ 159,591,760	$ 15,174,627	$ 975,955	$ (41,659,277)	$ 134,089,794
Balance (in Shares) at Sep. 30, 2021	6,729,030

Organization and Description of

Organization and Description of Business	9 Months Ended
Organization and Description of Business	Sep. 30, 2021
Accounting Policies [Abstract]
ORGANIZATION AND DESCRIPTION OF BUSINESS	1. ORGANIZATION AND DESCRIPTION OF BUSINESS China Recycling Energy Corporation (the “Company” or “CREG”) is incorporated in Nevada state. The Company, through its subsidiaries, provides energy saving solutions and services, including selling and leasing energy saving systems and equipment to customers, and project investment in the Peoples Republic of China (“PRC”). The Company’s organizational chart as of September 30, 2021 is as follows: 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. Erdos contributed 7% of the total investment of the project, and Xi’an TCH Energy Technology Co., Ltd. (“Xi’an TCH”) contributed 93%. 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. Xi’an TCH paid the $1.29 million in July 2013 and, as a result, became the sole stockholder of the JV. 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 started to charge 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. Since May 2019, Erdos TCH has ceased its operations due to renovations and furnace safety upgrades of Erdos, and the Company initially expected the resumption of operations in July 2020, but the resumption of operations was further delayed due to government’s mandate for Erdos to significantly lower its energy consumption per unit of GDP. Erdos and the municipal government are currently under discussion for seeking the solution of achieving the energy saving target. During this period, Erdos will compensate Erdos TCH RMB 1 million ($145,460) per month, until operations resume. The Company has not recognized any income due to the uncertainty of collection. 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 there have not been any operations since then nor has any registered capital contribution been made. Shenqiu Yuneng Biomass Power Generation Projects On September 28, 2011, Xi’an TCH and Shenqiu 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 of $286,000 (RMB 1,800,000) for 11 years. 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. As repayment for a loan made by Xi’an Zhonghong to Beijing Hongyuan Recycling Energy Investment Center, LLP (the “HYREF”) on January 10, 2019 (see further discussion in Note 8); on January 4, 2019, Xi’an Zhonghong, Xi’an TCH, and Mr. Chonggong Bai (or “Mr. Bai”), a resident of China, entered into a Projects Transfer Agreement (the “Agreement”), pursuant to which Xi’an TCH transferred two BMGP in Shenqiu (“Shenqiu Phase I and II Projects”) to Mr. Bai for RMB 127,066,000 ($18.55 million). As consideration for the transfer of the Shenqiu Phase I and II Projects to Mr. Bai (Note 8), Mr. Bai transferred 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 a loan made by Xi’an Zhonghong to HYREF on January 10, 2019. The transfer of the projects was completed on February 15, 2019. The Company recorded $208,359 loss from the transfer during the year ended December 31, 2019. Xi’an Hanneng was expected to own 47,150,000 shares of Xi’an Huaxin New Energy Co., Ltd for the repayment of Shenqiu system and Huayu system. However, Xi’an Hanneng was not able to obtain all the Huaxin shares due to halted trading of Huaxin stock by NEEQ for not filing its 2018 annual report. On December 20, 2019, Mr. Bai and all the related parties therefore agreed to have Mr. Bai instead make a payment in cash for the transfer price of Shenqiu (see Note 8 for detail). 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”), of which it owns 90% of Zhonghong, with HYREF owning the other 10%. 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 transferred its 10% ownership in Zhonghong to Shanghai TCH for 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 (Coke Dry Quenching Waste Heat Power Generation 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”). On December 29, 2018, Xi’an Zhonghong, Xi’an TCH, HYREF, Guohua Ku, and Mr. Chonggong Bai entered into a CDQ WHPG Station Fixed Assets Transfer Agreement, pursuant to which Xi’an Zhonghong transferred Chengli CDQ WHPG station (‘the Station”) as the repayment for the loan of RMB 188,639,400 ($27.54 million) to HYREF. Xi’an Zhonghong, Xi’an TCH, Guohua Ku and Chonggong Bai also agreed to a Buy Back Agreement for the Station when certain conditions are met (see Note 8). The transfer of the Station was completed on January 22, 2019, at which time the Company recorded a $624,133 loss from this transfer. However, because the loan was not deemed repaid due to the buyback provision (See Note 8 for detail), the Company kept the loan and the Chengli project recognized in its consolidated financial statements (“CFS”) until April 9, 2021. The Buy Back Agreement was terminated on April 9, 2021, HYREF did not execute the buy-back option and did not ask for any additional payment from the buyers other than keeping the CDQ WHPG station. 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 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 2020. The Xuzhou Huayu Project has been on hold due to a conflict between Xuzhou Huayu Coking Co., Ltd. and local residents on certain pollution-related issues. 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 transferred 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 that as consideration for the transfer of the Xuzhou Huayu Project to him, as well as Shenqiu discussed above, he would 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. (Note 8). The transfer of the project was completed on February 15, 2019. The Company recorded $397,033 loss from this transfer during the year ended December 31, 2019. On January 10, 2019, Mr. Chonggong Bai transferred all the equity shares of his wholly owned company, Xi’an Hanneng, to HYREF as repayment for the loan. Xi’an Hanneng was expected to own 47,150,000 shares of Xi’an Huaxin New Energy Co., Ltd for the repayment of Huayu system and Shenqiu system. As of September 30, 2019, Xi’an Hanneng already owned 29,948,000 shares of Huaxin, but was not able to obtain the remaining 17,202,000 shares due to halted trading of Huaxin stock by NEEQ for not filing its 2018 annual report. On December 20, 2019, Mr. Bai and all the related parties agreed to have Mr. Bai instead making a payment in cash for the transfer price of Huayu (see Note 8 for detail). On January 10, 2020, Zhonghong, Tianyu and Huaxin signed a transfer agreement to transfer all assets under construction and related rights and interests of Xuzhou Tian’an Project to Tianyu for RMB 170 million including VAT ($24.37 million) in three installment payments. The 1st installment payment of RMB 50 million ($7.17 million) to be paid within 20 working days after the contract is signed. The 2nd installment payment of RMB 50 million ($7.34 million) is to be paid within 20 working days after completion of the project construction but no later than July 31, 2020. The final installment payment of RMB 70 million ($10.28 million) is to be paid before December 31, 2020. The Company received the payment in full for Tian’an Project as of December 31, 2020. 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 was to 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 is also to build a furnace to generate steam from the smoke pipeline’s waste heat and sell the steam to Zhongtai. 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 obligations under the EPC Contract to Zhongtai. As consideration for the transfer of the Project, Zhongtai agreed to pay to Xi’an TCH RMB 167,360,000 ($25.77 million) including (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 was 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. 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 January 2020, Zhongtai paid RMB 10 million ($1.41 million); in March 2020, Zhongtai paid RMB 20 million ($2.82 million); in June 2020, Zhongtai paid RMB 10 million ($1.41 million); and in December 2020, Zhongtai paid RMB 30 million ($4.28 million), which was payment in full. Accordingly, the Company reversed the bad debt expense of $5.80 million in 2020 which had been recorded earlier. 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 nor has any capital contribution been made 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 nor has any capital contribution been made as of the date of this report. Reverse Stock Split On April 13, 2020, the Company filed a certificate of change (“Certificate of Change”) with the Secretary of State of the State of Nevada, pursuant to which, on April 13, 2020, the Company effected a reverse stock split of its Common Stock, at a rate of 1-for-10, accompanied by a corresponding decrease in the Company’s issued and outstanding shares of Common Stock (the “Reverse Stock Split”). The accompanying consolidated financial statements and related disclosure in for periods prior to the Reverse Stock Split have been retroactively restated to reflect this reverse stock split. Other Events In December 2019, a novel strain of coronavirus (COVID-19) was reported and the World Health Organization has declared the outbreak to constitute a “Public Health Emergency of International Concern.” This pandemic, which continues to spread to additional countries, and is disrupting supply chains and affecting production and sales across a range of industries as a result of quarantines, facility closures, and travel and logistics restrictions in connection with the outbreak. However, as a result of PRC government’s effort on disease control, most cities in China were reopened, the outbreak in China is under the control. As of this report date, there are some new Covid-19 cases discovered in a few provinces of China, however, the number of new cases is not significant due to PRC government’s strict control. On July 27, 2021, the Company filed a certificate of change to the Company’s Articles of Incorporation with the Secretary of State of the State of Nevada to increase the total number of the Company’s authorized shares of common stock from 10,000,000 shares to 100,000,000 shares, par value $0.001 per share.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
Summary of Significant Accounting Policies	Sep. 30, 2021
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying unaudited financial information as of and for the nine and three months ended September 30, 2021 and 2020 has been prepared in accordance with accounting principles generally accepted in the U.S. for interim financial information and with the instructions to Quarterly Report on Form 10-Q and Article 10 of Regulation S-X. In the opinion of management, such financial information includes all adjustments (consisting only of normal recurring adjustments, unless otherwise indicated) considered necessary for a fair presentation of our financial position at such date and the operating results and cash flows for such periods. Operating results for the nine and three months ended September 30, 2021 are not necessarily indicative of the results that may be expected for the entire year or for any other subsequent interim period. The interim consolidated financial information should be read in conjunction with the Financial Statements and the notes thereto, included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020, previously filed with the SEC on April 15, 2021. Basis of Consolidation The 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, 1) Erdos TCH Energy Saving Development Co., Ltd (“Erdos TCH”), 100% owned by Xi’an TCH, 2) Zhonghong, 90% owned by Xi’an TCH and 10% owned by Shanghai TCH, and 3) 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 September 30, 2021. However, there was no revenue for the Company for the nine and three months ended September 30, 2021. All significant inter-company accounts and transactions were eliminated in consolidation. Uses and Sources of Liquidity For the nine and three months ended September 30, 2021, the Company had a net income of $1.39 million and net loss $0.56 million. For the nine and three months ended September 30, 2020, the Company had net loss of $0.28 million and 0.67 million. The Company had an accumulated deficit of $41.66 million as of September 30, 2021. The Company disposed all of its systems and currently holds only five power generating systems through Erdos TCH, the five power generating systems are currently not producing any electricity. The Company is in the process of transforming and expanding into an energy storage integrated solution provider. The Company plans to pursue disciplined and targeted expansion strategies for market areas the Company currently does not serve. The Company actively seeks and explores opportunities to apply energy storage technologies to new industries or segments with high growth potential, including industrial and commercial complexes, large scale photovoltaic (PV) and wind power stations, remote islands without electricity, and smart energy cities with multi-energy supplies. The Company’s cash flow forecast indicate it will have sufficient cash to fund its operations for the next 12 months from the date of issuance of these financial statements. 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. On an on-going basis, management evaluates their estimates, including those related to allowances for bad debt and inventory obsolescence, impairment loss on fixed assets and construction in progress, income taxes, and contingencies and litigation. Management bases their estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other resources. Revenue Recognition A) Sales-type Leasing and Related Revenue Recognition On January 1, 2019, the Company adopted Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 842 using the modified retrospective transition approach by applying the new standard to all leases existing at the date of initial application. Results and disclosure requirements for reporting periods beginning after January 1, 2019 are presented under ASC Topic 842, while prior period amounts have not been adjusted and continue to be reported in accordance with our historical accounting under Topic 840. (See Operating lease below as relates to the Company as a lessee). The Company’s sales type lease contracts for revenue recognition fall under ASC 842. During the nine and three months ended September 30, 2021 and 2020, the Company did not sell any new power generating projects. The Company constructs and leases waste energy recycling power generating projects to its customers. The Company typically transfers legal ownership of the waste energy recycling power generating projects to its customers at the end of the lease. Prior to January 1, 2019, the investment in these projects was recorded as investment in sales-type leases in accordance with ASC Topic 840 , “Lease ,” The Company finances construction of waste energy recycling power generating projects. The sales and cost of sales are recognized at the inception of the lease, which is when the control is transferred to the lessee. The Company accounts for the transfer of control as a sales type lease in accordance with ASC 842-10-25-2. The underlying asset is derecognized, and revenue is recorded when collection of payments is probable. This is in accordance with the revenue recognition principle in ASC 606 - Revenue from contracts with customers. The investment in sales-type leases consists of the sum of the minimum lease payments receivable less unearned interest income and estimated executory cost. Minimum lease payments are part of the lease agreement between the Company (as the lessor) and the customer (as the lessee). The discount rate implicit in the lease is used to calculate the present value of minimum lease payments. The minimum lease payments consist of the gross lease payments net of executory costs and contingent rentals, if any. Unearned interest is amortized to income over the lease term to produce a constant periodic rate of return on net investment in the lease. While revenue is recognized at the inception of the lease, the cash flow from the sales-type lease occurs over the course of the lease, which results in interest income and reduction of receivables. Revenue is recognized net of value-added tax. B) Contingent Rental Income The Company records income from actual electricity generated of each project in the period the income is earned, which is when the electricity is generated. Contingent rent is not part of minimum lease payments. Operating Leases The Company determines if an arrangement is a lease or contains a lease at inception. Operating lease liabilities are recognized based on the present value of the remaining lease payments, discounted using the discount rate for the lease at the commencement date. As the rate implicit in the lease is not readily determinable for the operating lease, the Company generally uses an incremental borrowing rate based on information available at the commencement date to determine the present value of future lease payments. Operating lease right-of-use (“ROU assets”) assets represent the Company’s right to control the use of an identified asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. ROU assets are generally recognized based on the amount of the initial measurement of the lease liability. Lease expense is recognized on a straight-line basis over the lease term. The Company elected the package of practical expedients permitted under the transition guidance to combine the lease and non-lease components as a single lease component for operating leases associated with the Company’s office space lease, and to keep leases with an initial term of 12 months or less off the balance sheet and recognize the associated lease payments in the consolidated statements of income on a straight-line basis over the lease term. ROU assets are reviewed for impairment when indicators of impairment are present. ROU assets from operating and finance leases are subject to the impairment guidance in ASC 360, Property, Plant, and Equipment, as ROU assets are long-lived nonfinancial assets. ROU assets are tested for impairment individually or as part of an asset group if the cash flows related to the ROU asset are not independent from the cash flows of other assets and liabilities. An asset group is the unit of accounting for long-lived assets to be held and used, which represents the lowest level for which identifiable cash flows are largely independent of the cash flows of other groups of assets and liabilities. At September 30, 2021, the ROU was $145,586. The Company recognized no impairment of ROU assets as of September 30, 2021. Operating leases are included in operating lease right-of-use assets and operating lease liabilities (current and non-current), on the consolidated balance sheets. Cash Cash 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. Accounts Receivable The Company’s policy is to maintain an allowance for potential credit losses on accounts receivable. Management reviews the composition of accounts receivable 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 September 30, 2021 and December 31, 2020, the Company had gross accounts receivable of $0 and $342,974 of Erdos TCH for electricity sold, respectively. As of September 30, 2021 and December 31, 2020, the Company had bad debt allowance of $0 and $34,297 for Erdos TCH due to the customer not making the payments as scheduled, respectively. As of September 30, 2021, all outstanding accounts receivable balance was collected in full. Concentration of Credit Risk Cash includes cash on hand and demand deposits in accounts maintained within China. Balances at financial institutions and state-owned banks within the PRC are covered by insurance up to RMB 500,000 (US$76,000) per bank. Any balance over RMB 500,000 (US$76,000) per bank in PRC will not be covered. At September 30, 2021, cash held in the PRC bank of approximately $145,341,795 was not covered by such 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: 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 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 FASB 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 FASB 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. Interest associated with unrecognized tax benefits is classified as interest expense and penalties are classified in selling, general and administrative expenses in the statement of income. At September 30, 2021 and December 31, 2020, the Company did not take any uncertain positions that would necessitate recording a tax related liability. 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. Effective on January 1, 2020, the Company adopted ASU 2018-13, Fair Value Measurement: Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement, which modifies the disclosure requirements for Level 1, Level 2 and Level 3 instruments in the FV hierarchy. The Company analyzes all financial instruments with features of both liabilities and equity under FASB ASC 480, “Distinguishing Liabilities from Equity,” “Derivatives and Hedging.” As of September 30, 2021 and December 31, 2020, 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 share-based compensation awards to employees in accordance with FASB ASC Topic 718, “Compensation – Stock Compensation”, which requires that share-based payment transactions with employees be measured based on the grant-date fair value of the equity instrument issued and recognized as compensation expense over the requisite service period. The Company accounts for share-based compensation awards to non-employees in accordance with FASB ASC Topic 718 and FASB ASC Subtopic 505-50, “Equity-Based Payments to Non-employees”. Share-based compensation associated with the issuance of equity instruments to non-employees is measured at the fair value of the equity instrument issued or committed to be issued, as this is more reliable than the fair value of the services received. The fair value is measured at the date that the commitment for performance by the counterparty has been reached or the counterparty’s performance is complete. Effective on January 1, 2020, the Company adopted 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 adoption of ASU 2018-07 did not have an impact on the Company’s financial statements. 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.” For the nine and three months ended September 30, 2021 and 2020, the basic and diluted loss per share were the same due to the anti-dilutive features of the warrants and options. For the nine and three months ended September 30, 2021, 30,911 shares purchasable under warrants and options were excluded from the EPS calculation as these were not dilutive due to the exercise price was more than the stock market price. For the nine and three months ended September 30, 2020, 31,311 shares purchasable under warrants and options were excluded from the EPS calculation as these were not dilutive due to the exercise price was more than the stock market price. 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 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, 2022. 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. In January 2017, the FASB issued ASU No. 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 fair value, not to exceed the carrying amount of goodwill. The guidance should be adopted on a prospective basis. As a smaller reporting company, the standard will be effective for the Company for interim and annual reporting periods beginning after December 15, 2022, with early adoption permitted. The Company is currently evaluating the impact of adopting this standard on its consolidated financial statements. In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848) (“ASU 2020-04”). ASU 2020-04 contains practical expedients for reference rate reform related activities that impact debt, leases, derivatives and other contracts. The guidance in ASU 2020-04 is optional and may be elected over time as reference rate reform activities occur. The Company continues to evaluate the impact of the guidance and may apply the elections as applicable as changes in the market occur. In August 2020, the FASB issued ASU 2020-06, Debt - Debt with Conversion and Other Options (Subtopic 470- 20) and Derivatives and Hedging - Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity (“ASU 2020-06”), which simplifies the accounting for certain financial instruments with characteristics of liabilities and equity. This ASU (1) simplifies the accounting for convertible debt instruments and convertible preferred stock by removing the existing guidance in ASC 470-20, Debt: Debt with Conversion and Other Options, that requires entities to account for beneficial conversion features and cash conversion features in equity, separately from the host convertible debt or preferred stock; (2) revises the scope exception from derivative accounting in ASC 815-40 for freestanding financial instruments and embedded features that are both indexed to the issuer’s own stock and classified in stockholders’ equity, by removing certain criteria required for equity classification; and (3) revises the guidance in ASC 260, Earnings Per Share, to require entities to calculate diluted earnings per share (EPS) for convertible instruments by using the if-converted method. In addition, entities must presume share settlement for purposes of calculating diluted EPS when an instrument may be settled in cash or shares. For SEC filers, excluding smaller reporting companies, ASU 2020-06 is effective for fiscal years beginning after December 15, 2021 including interim periods within those fiscal years. Early adoption is permitted, but no earlier than fiscal years beginning after December 15, 2020. For all other entities, ASU 2020-06 is effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Entities should adopt the guidance as of the beginning of the fiscal year of adoption and cannot adopt the guidance in an interim reporting period. The Company is currently evaluating the impact that ASU 2020-06 may have on its consolidated financial statements and related disclosures. 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.

Other Receivables

Other Receivables	9 Months Ended
Other Receivables	Sep. 30, 2021
Receivables [Abstract]
OTHER RECEIVABLES	3. OTHER RECEIVABLES As of September 30, 2021, other receivables mainly consisted of (i) advances to third parties of $7,710, bearing no interest, payable upon demand, ii) advance to employees of $9,102, iii) advance to suppliers of $2,773 and (iv) others of $862,250 including social insurance receivable of $4,607 and prepayment of $857,500 (see below). On August 2, 2021, the Company entered a Research and Development Cooperation Agreement with a software development company to design, establish, upgrade and maintenance of Smart Energy Management Cloud Platform for energy storage and remote-site monitoring; upon completion, the Company will provide such platform to its customers at a fee. Total contracted research and development cost is $1,000,000, the Company prepaid $200,000 as of September 30, 2021. On August 23, 2021, the Company entered a Market Research and Project Development Service Agreement with a consulting company in Xi’an for a service period of 12 months. The consulting company will perform the market research for new energy industry including photovoltaic and energy storage, develop potential new customers and due diligence check, assisting the Company for business cooperation negotiation and relevant agreements preparation. Total contract amount is $1,150,000, and the Company prepaid $650,000 at commencement of the service; the Company will pay $200,000 upon issuance of the research report, and pay the remaining of $300,000 upon completion all the services. As of December 31, 2020, other receivables mainly consisted of (i) advances to third parties of $7,663, bearing no interest, payable upon demand, ii) advance to employees of $11,011, iii) advance to suppliers of $4,791 and (iv) others of $12,222 including social insurance receivable of $4,579.

Asset Subject to Buyback

Asset Subject to Buyback	9 Months Ended
Asset Subject to Buyback	Sep. 30, 2021
Asset Subject To Buyback And Construction In Progress [Abstract]
ASSET SUBJECT TO BUYBACK	4. ASSET SUBJECT TO BUYBACK As of September 30, 2021 and December 31, 2020, the Company had asset subject to buyback of $0 and $28.92 million, respectively, which was for the Chengli project. The Chengli project finished construction, and was transferred to the Company’s fixed assets at a cost of $35.24 million (without impairment loss) and ready to be put into operation as of December 31, 2018. On January 22, 2019, Xi’an Zhonghong completed the transfer of Chengli CDQ WHPG project as the partial repayment for the loan and accrued interest of RMB 188,639,400 ($27.54 million) to HYREF (see Note 8). On April 9, 2021, Xi’an TCH, Xi’an Zhonghong, Guohua Ku, Chonggong Bai and HYREF entered a Termination of Fulfillment Agreement (termination agreement). Under the termination agreement, the original buyback agreement entered on December 19, 2019 was terminated upon signing of the termination agreement. HYREF will not execute the buy-back option and will not ask for any additional payment from the buyers other than keeping the CDQ WHPG station. As a result of the termination of the buy-back agreement, the Company recorded a gain of approximately $3.1 million from transferring the CDP WHPG station to HYREF as partial repayment of the entrusted loan, which is the difference between the carrying value of the assets and loan and interest payable on the loan.

Taxes Payable

Taxes Payable	9 Months Ended
Taxes Payable	Sep. 30, 2021
Tax Payable [Abstract]
TAXES PAYABLE	5. TAXES PAYABLE Taxes payable consisted of the following as of September 30, 2021 and 2020: 2021 2020 Income tax – current $ 2,443,461 $ 2,746,757 Value-added tax - 322,652 Other taxes 101 76,203 Total – current 2,443,562 3,145,612 Income tax – noncurrent $ 5,174,625 $ 5,174,625 Income tax payable included $7.61 million ($2.44 million included in current above and $5.17 million noncurrent) from recording the estimated one-time transition tax on post-1986 foreign unremitted earnings under the Tax Cut and Jobs Act signed on December 22, 2017. An election is available for the 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 an election.

Accrued Liabilities and Other P

Accrued Liabilities and Other Payables	9 Months Ended
Accrued Liabilities and Other Payables	Sep. 30, 2021
Payables and Accruals [Abstract]
ACCRUED LIABILITIES AND OTHER PAYABLES	6. ACCRUED LIABILITIES AND OTHER PAYABLES Accrued liabilities and other payables consisted of the following as of September 30, 2021 and December 31, 2020: 2021 2020 Education and union fund and social insurance payable $ 376,017 $ 373,740 Consulting and legal expenses 41,090 31,090 Accrued payroll and welfare 256,727 255,278 Other 55,947 66,588 Total $ 729,781 $ 726,696

Deferred Tax, Net

Deferred Tax, Net	9 Months Ended
Deferred Tax, Net	Sep. 30, 2021
Deferred Tax Assets Liabilities Net Disclosure [Abstract]
DEFERRED TAX, NET	7. DEFERRED TAX, 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 September 30, 2021 and December 31, 2020, deferred tax assets consisted of the following: 2021 2020 Accrued expenses $ 70,446 $ 70,019 Write-off Erdos TCH net investment in sales-type leases * 6,352,124 6,155,300 US NOL 415,851 254,035 PRC NOL 2,623,801 10,849,690 Total deferred tax assets 9,462,222 17,329,044 Less: valuation allowance for deferred tax assets (9,462,222 ) (17,329,044 ) Deferred tax assets, net $ - $ - * This represents the tax basis of Erdos TCH investment in sales type leases, which was written off under US GAAP upon modification of lease terms, which made the lease payments contingent upon generation of electricity.

Loan Payable

Loan Payable	9 Months Ended
Loan Payable	Sep. 30, 2021
Debt Disclosure [Abstract]
LOAN PAYABLE	8. LOAN PAYABLE Entrusted Loan Payable (HYREF Loan) The HYREF Fund was established in July 2013 with a total fund size of RMB 460 million ($77 million) invested 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 was to receive interest from Zhonghong for the HYREF Fund’s debt investment. 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 ($4.39 million) capital contribution made by Xi’an TCH in Zhonghong. 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 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 term of this loan was for 60 months from July 31, 2013 to July 30, 2018, with an interest rate of 12.5%. 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 had 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, on December 29, 2018, the Company worked out with the lender an alternative repayment proposal as described below. As of December 31, 2020, the interest payable for this loan was $10.14 million and the outstanding balance for this loan was $22.20 million including a non-current portion of $0.30 million. As of September 30, 2021, the interest payable for this loan (RMB 77 million ($11.87 million) net of investment from Xian TCH of RMB 75 million ($11.56 million) was $0 and the outstanding balance for this loan (non-current) was $0.31 million. Repayment of HYREF loan 1. Transfer of Chengli project as partial repayment On December 29, 2018, Xi’an Zhonghong, Xi’an TCH, HYREF, Guohua Ku, and Chonggong Bai entered into a CDQ WHPG Station Fixed Assets Transfer Agreement, pursuant to which Xi’an Zhonghong transferred Chengli CDQ WHPG station as the repayment for the loan of RMB 188,639,400 ($27.54 million) to HYREF, the transfer of which was completed on January 22, 2019. Xi’an TCH is a secondary limited partner of HYREF. The fair value of the CDQ WHPG station applied in the transfer was determined by the parties based upon the appraisal report issued by Zhonglian Assets Appraisal Group (Shaanxi) Co., Ltd. as of August 15, 2018. However, per the discussion below, Xi’an Zhonghong, Xi’an TCH, Guohua Ku and Chonggong Bai (the “Buyers”) entered into a Buy Back Agreement, also agreed to buy back the Station when conditions under the Buy Back Agreement are met. Due to the Buy Back agreement, the loan was not deemed repaid, and therefore the Company recognized Chengli project as assets subject to buyback and kept the loan payable remained recognized under ASC 405-20-40-1 as of December 31, 2020. The Buy Back agreement was terminated in April 2021 (see 2 below for detail). 2. Buy Back 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, 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 3 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 was based on 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. The buy-back price for the Station was based on the higher of (i) the fair value of the Station on the date transferred; or (ii) the loan balance at the date of the transfer plus interest accrued through that date. HYREF could 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., 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. Due to halted trading of Huaxin stock by NEEQ for not filing its 2018 annual report, on December 19, 2019, Xi’an TCH, Xi’an Zhonghong, Guohua Ku and Chonggong Bai jointly and severally agreed to buy back all outstanding capital equity of Xi’an Hanneng which was transferred to HYREF by Chonggong Bai earlier. The total buy back price was RMB 261,727,506 ($37.52 million) including accrued interest of RMB 14,661,506 ($2.10 million), and was paid in full by Xi’an TCH on December 20, 2019. On April 9, 2021, Xi’an TCH, Xi’an Zhonghong, Guohua Ku, Chonggong Bai and HYREF entered a Termination of Fulfillment Agreement (termination agreement). Under the termination agreement, the original buyback agreement entered on December 19, 2019 was terminated upon signing of the termination agreement. HYREF will not execute the buy-back option and will not ask for any additional payment from the buyers other than keeping the CDQ WHPG station. The Company recorded a gain of approximately $3.1 million from transferring the CDP WHPG station to HYREF as partial repayment of the entrusted loan resulting from the termination of the buy-back agreement. 3. 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 entered into a Projects Transfer Agreement, pursuant to which Xi’an Zhonghong transferred 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 transferred 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, to 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 the Xuzhou Huayu Project and Xi’an TCH completed the transfer of Shenqiu Phase I and II Projects to Mr. Bai, and on January 10, 2019, Mr. Bai transferred all the equity shares of his wholly owned company, Xi’an Hanneng, to HYREF as repayment of Xi’an Zhonghong’s loan to HYREF as consideration for the transfer of the Xuzhou Huayu Project and Shenqiu Phase I and II Projects. Xi’an Hanneng is a holding company and was supposed to own 47,150,000 shares of Xi’an Huaxin New Energy Co., Ltd. (“Huaxin”), so that HYREF will indirectly receive and own such shares of Xi’an Huaxin as the repayment for the loan of Zhonghong. Xi’an Hanneng already owned 29,948,000 shares of Huaxin; however, Xi’an Hanneng was not able to obtain the remaining 17,202,000 shares due to halted trading of Huaxin stock by NEEQ for not filing its 2018 annual report. On December 19, 2019, Xi’an TCH, Xi’an Zhonghong, Guohua Ku and Chonggong Bai jointly and severally agreed to buy back all outstanding capital equity of Xi’an Hanneng which was transferred to HYREF by Chonggong Bai earlier. The total buy back price was RMB 261,727,506 ($37.52 million) including accrued interest of RMB 14,661,506 ($2.10 million), and was paid in full by Xi’an TCH on December 20, 2019. On December 20, 2019, Mr. Bai, Xi’an TCH and Xi’an Zhonghong agreed to have Mr. Bai repay the Company in cash for the transfer price of Xuzhou Huayu and Shenqiu in five installment payments. The 1 st nd rd th On April 9, 2021, Xi’an TCH, Xi’an Zhonghong, Guohua Ku, Chonggong Bai and HYREF entered a Termination of Fulfillment Agreement (termination agreement). Under the termination agreement, the original buyback agreement entered on December 19, 2019 was terminated upon signing of the termination agreement. HYREF will not execute the buy-back option and will not ask for any additional payment from the buyers other than keeping the CDQ WHPG station. The Company recorded a gain of approximately $3.1 million from transferring the CDP WHPG station to HYREF as partial repayment of the entrusted loan resulting from the termination of the buy-back agreement. 4. The lender agreed to extend the repayment of RMB 77.00 million ($11.04 million) to July 8, 2023; of which, RMB 75.00 million ($10.81 million) was Xi’an TCH’s investment into the HYREF fund as a secondary limited partner, and 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.

Related Party Transactions

Related Party Transactions	9 Months Ended
Related Party Transactions	Sep. 30, 2021
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	9. RELATED PARTY TRANSACTIONS As of September 30, 2021 and December 31, 2020, the Company had $28,418 and $28,440, respectively, in advances from the Company’s management, which bear no interest, are unsecured, and are payable upon demand. On February 23, 2021, the Company entered into certain securities purchase agreements with several non-U.S. investors (the “Purchasers”), pursuant to which the Company agreed to sell to the Purchasers, an aggregate of up to 3,320,000 shares of common stock of the Company, at $11.522 per share. One of the purchasers is the Company’s CEO (who is also the Company’s Chairman), who purchased 1,000,000 common shares of the Company. In April 2021, the Company’s CEO amended the number of shares that he would purchase from 1,000,000 shares to 940,000 shares. In April 2021 the Company returned to the Company’s CEO the $691,320 in extra proceeds that had been received earlier .

Note Payable, Net

Note Payable, Net	9 Months Ended
Note Payable, Net	Sep. 30, 2021
Convertible Note Payable Net [Abstract]
NOTE PAYABLE, NET	10. NOTE PAYABLE, NET Promissory Notes in December 2020 On December 4, 2020, the Company entered into a Note Purchase Agreement with an institutional investor, pursuant to which the Company sold and issued to the Purchaser a Promissory Note of $3,150,000. The Purchaser purchased the Note with an original issue discount of $150,000, which was recognized as a debt discount and will be amortized using the interest method over the life of the note. The Note bears interest at 8% per annum and has a term of 24 months. All outstanding principal and accrued interest on the Note will become due and payable on December 3, 2022. 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. Beginning on the date that is six months from the issue date of the Note, Purchaser shall have the right to redeem any amount of this Note up to $500,000 per calendar month by providing written notice to the Company. Upon receipt of the redemption notice from the lender, the Company shall pay the applicable redemption amount in cash to lender within three trading days of receipt of such redemption notice; if the Company fails to pay, then the outstanding balance will automatically be increased by 25%. During the nine months ended September 30, 2021, the Company amortized OID of $56,250 and recorded $184,769 interest expense on this Note. During the three months ended September 30, 2021, the Company amortized OID of $18,750 and recorded $57,547 interest expense on this Note. On June 14, 2021, Company entered into an Exchange Agreement with the lender. Pursuant to the Agreement, the Company and Lender partitioned a new Promissory Note in the original principal amount of $500,000 from the original Promissory Note. The Company and Lender exchanged this Partitioned Note for the delivery of 54,348 shares of the Company’s Common Stock. The Company recorded $2,719 loss on conversion of this note. In addition, the investor also made adjustments of $818,914 to increase the principle of the notes during the second quarter of 2021 as a result of the Company’s failure to pay the redemption amount in cash to lender within three trading days from receipt of the redemption notice, the Company recorded $818,914 principal adjustment as interest expense. The Note has been classified as a current liability in accordance with ASC 470-10-45 Other Presentation Matters – General Due on Demand Loan Arrangements. During the three months ended September 30, 2021, the Company and Lender partitioned four new Promissory Notes in the original principal amount of $1,500,000 from the original Promissory Note. The Company and Lender exchanged these four Partitioned Note for the delivery of 206,382 shares of the Company’s Common Stock. The Company recorded $58,436 loss on conversion of these notes. Promissory Notes in April 2021 On April 2, 2021, the Company entered into a Note Purchase Agreement with an institutional investor, pursuant to which the Company sold and issued to the Purchaser a Promissory Note of $5,250,000. The Purchaser purchased the Note with an original issue discount of $250,000, which was recognized as a debt discount and will be amortized using the interest method over the life of the note. The Note bears interest at 8% per annum and has a term of 24 months. All outstanding principal and accrued interest on the Note will become due and payable on April 1, 2023. 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. Beginning on the date that is six months from the issue date of the Note, Purchaser shall have the right to redeem any amount of this Note up to $825,000 per calendar month by providing written notice to the Company. Upon receipt of the redemption notice from the lender, the Company shall pay the applicable redemption amount in cash to lender within three trading days of receipt of such redemption notice; if the Company fails to pay, then the outstanding balance will automatically be increased by 25%. During the nine months ended September 30, 2021, the Company amortized OID of $62,500 and recorded $208,274 interest expense on this Note. During the three months ended September 30, 2021, the Company amortized OID of $31,250 and recorded $108,274 interest expense on this Note. The Note has been classified as a current liability in accordance with ASC 470-10-45 Other Presentation Matters – General Due on Demand Loan Arrangements.

Shares Issued for Equity Financ

Shares Issued for Equity Financing and Stock Compensation	9 Months Ended
Shares Issued for Equity Financing and Stock Compensation	Sep. 30, 2021
Stockholders' Equity Note [Abstract]
SHARES ISSUED FOR EQUITY FINANCING AND STOCK COMPENSATION	11. SHARES ISSUED FOR EQUITY FINANCING AND STOCK COMPENSATION Shares Issued for Equity Financing in 2021 On February 23, 2021, the Company entered into certain securities purchase agreements with several non-U.S. investors (the “Purchasers”), pursuant to which the Company agreed to sell to the Purchasers, an aggregate of up to 3,320,000 shares of common stock of the Company, at $11.522 per share, which is the five-day average closing price immediately prior to signing the Purchase Agreements. One of the purchasers is the Company’s CEO (also is the Company’s Chairman), he purchased 1,000,000 common shares of the Company. On March 11, 2021, the Company received approximately $38.25 million proceeds from the issuance of 3,320,000 shares under the securities purchase agreements, there anywhere no fees paid in connection with this financing. In April 2021, the Company’s CEO amended the number of shares that he would purchase from 1,000,000 shares to 940,000 shares; accordingly, total number of shares sold in this offering became 3,260,000 shares. The Company returned $691,320 extra proceeds that were received earlier to the Company’s CEO in April 2021. The stock certificates for these shares were issued in April 2021. Warrants Following is a summary of the activities of warrants that were issued from equity financing (post-reverse stock split) for the nine months ended September 30, 2021 Number of Average Weighted Outstanding at January 1, 2021 30,411 $ 14.0 3.21 Exercisable at January 1, 2021 30,411 $ 14.0 3.21 Granted - - - Exchanged - - - Forfeited - - - Expired - - - Outstanding at September 30, 2021 30,411 $ 14.0 2.46 Exercisable at September 30, 2021 30,411 $ 14.0 2.46 During the three months ended September 30, 2021, the Company issued 31,250 shares to a consulting company per the agreement entered on October 11, 2019. The fair value of 31,250 shares was $223,438.

Income Tax

Income Tax	9 Months Ended
Income Tax	Sep. 30, 2021
Income Tax Disclosure [Abstract]
INCOME TAX	12. 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 the Company’s 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 2021 and 2020 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, CREG is taxed in the US and, as of September 30, 2021, had net operating loss (“NOL”) carry forwards for income taxes of $1.98 million; for federal income tax purposes, the NOL arising in tax years beginning after 2017 may only reduce 80% of a taxpayer’s taxable income, and may be carried forward indefinitely. However, the coronavirus Aid, Relief and Economic Security Act (“the CARES Act”) issued in March 2020, provides tax relief to both corporate and noncorporate taxpayers by adding a five-year carryback period and temporarily repealing the 80% limitation for NOLs arising in 2018, 2019 and 2020. The 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 September 30, 2021, the Company’s PRC subsidiaries had $10.50 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 Erdos TCH and Zhonghong. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. After consideration of all the information available, management believes that significant uncertainty exists with respect to future realization of the deferred tax assets due to the recurring losses from operations of these entities, 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 nine months ended September 30, 2021 and 2020, respectively: 2021 2020 U.S. statutory rates 21.0 % (21.0 )% Tax rate difference – current provision 10.1 % 9.8 % Prior year income tax adjustment in current year (8.8 )% Permanent differences 16.1 % 41.3 % Change in valuation allowance (45.2 )% (30.1 )% Tax benefit per financial statements (6.7 )% - % The provision for income tax expense for the nine months ended September 30, 2021 and 2020 consisted of the following: 2021 2020 Income tax benefit – current $ 87,051 $ - Income tax benefit – deferred - - Total income tax benefit $ 87,051 $ - The following table reconciles the U.S. statutory rates to the Company’s effective tax rate for the three months ended September 30, 2021 and 2020, respectively: 2021 2020 U.S. statutory rates (21.0 )% (21.0 )% Tax rate difference – current provision 0.3 % (1.9 )% Permanent differences 35.7 % 9.5 % Change in valuation allowance (13.0 )% 13.4 % Tax expense per financial statements 2.0 % - % The provision for income tax expense for the three months ended September 30, 2021 and 2020 consisted of the following: 2021 2020 Income tax expense – current $ 10,902 $ - Income tax expense– deferred - - Total income tax expense $ 10,902 $ -

Stock-Based Compensation Plan

Stock-Based Compensation Plan	9 Months Ended
Stock-Based Compensation Plan	Sep. 30, 2021
Share-based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION PLAN	13. STOCK-BASED COMPENSATION PLAN Options to Employees and Directors 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 124,626 (post-reverse stock split). The Plan was effective immediately upon its 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. The following table summarizes option activity with respect to employees and independent directors for the nine months ended September 30, 2021, and the number of options reflects the Reverse Stock Split effective April 13, 2020: Number of Average Weighted Outstanding at January 1, 2021 500 $ 16.1 6.32 Exercisable at January 1, 2021 500 $ 16.1 6.32 Granted - - - Exercised - - - Forfeited - - - Outstanding at September 30, 2021 500 $ 16.1 5.57 Exercisable at September 30, 2021 500 $ 16.1 5.57

Statutory Reserves

Statutory Reserves	9 Months Ended
Statutory Reserves	Sep. 30, 2021
Statutory Reserves [Abstract]
STATUTORY RESERVES	14. 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. During the nine months ended September 30, 2021, the Company transferred $19,585, which is 10% of Xi’an TCH’s net income to the statutory reverse. During the three months ended September 30, 2021, the Company transferred $3,273, which is 10% of Xi’an TCH’s net income to the statutory reverse. 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 September 30, 2021 and December 31, 2020: Name of Chinese Subsidiaries Registered Capital Maximum Statutory Statutory Shanghai TCH $ 29,800,000 $ 14,900,000 ¥6,564,303 ($1,003,859) ¥6,564,303 ($1,003,859) Xi’an TCH ¥ 202,000,000 ¥ 101,000,000 ¥73,827,450 ($11,255,899) ¥73,700,706 ($11,236,314) Erdos TCH ¥ 120,000,000 ¥ 60,000,000 ¥19,035,814 ($2,914,869) ¥19,035,814 ($2,914,869) Xi’an Zhonghong ¥ 30,000,000 ¥ 15,000,000 Did not accrue yet due to accumulated deficit Did not accrue yet due to accumulated deficit Shaanxi Huahong $ 2,500,300 $ 1,250,150 Did not accrue yet due to accumulated deficit Did not accrue yet due to accumulated deficit Zhongxun ¥ 35,000,000 ¥ 17,500,000 Did not accrue yet due to accumulated deficit 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	9 Months Ended
Contingencies	Sep. 30, 2021
Loss Contingency [Abstract]
CONTINGENCIES	15. 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.

Commitments

Commitments	9 Months Ended
Commitments	Sep. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS	16. 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. This lease was expired in November 2020. The Company entered a new lease contract for the same location for a period from January 1, 2021 through December 31, 2023 with monthly rent of RMB 36,536 ($5,600), to be paid every half year in advance. The components of lease costs, lease term and discount rate with respect of the office lease with an initial term of more than 12 months are as follows: Nine Months September 30, Operating lease cost – amortization of ROU $ 45,299 Operating lease cost – interest expense on lease liability $ 5,513 Weighted Average Remaining Lease Term - Operating leases 2.25 years Weighted Average Discount Rate - Operating leases 5 % Nine Months September 30, Operating lease cost– amortization of ROU $ 48,220 Operating lease cost – interest expense on lease liability $ 814 Weighted Average Remaining Lease Term - Operating leases 0.42 years Weighted Average Discount Rate - Operating leases 3 % Three Months September 30, Operating lease cost – amortization of ROU $ 15,329 Operating lease cost – interest expense on lease liability $ 1,610 Three Months September 30, Operating lease cost– amortization of ROU $ 16,372 Operating lease cost – interest expense on lease liability $ 160 The following is a schedule, by years, of maturities of the office lease liabilities as of September 30, 2021: Operating For the years ended September 30, 2022, $ 67,604 For the years ended September 30, 2023 67,604 Total undiscounted cash flows 135,208 Less: imputed interest (6,523 ) Present value of lease liabilities $ 128,685 Employment Agreement On May 8, 2020, the Company entered an employment agreement with Yongjiang Shi, the Company’s CFO for a term of 24 months. The monthly salary is RMB 16,000 ($2,300). The Company will grant the CFO no less than 5,000 shares of the Company’s Common Stock annually. Investment Banking Engagement Agreement On October 10, 2019, the Company entered an investment banking engagement agreement with an investment banker firm to engage them as the exclusive lead underwriter for a registered securities offering of up to $20 million. The Company shall pay to the investment banker an equity retainer fee of 15,000 shares (post-reverse stock split) of the restricted Common Stock of the Company (10,000 shares was issued within 10 business days of signing the agreement, and remaining 5,000 shares will be paid upon completion of the offering). The agreement expired in March 2021. On May 2, 2021, the Company entered an agreement with an investment banker (who will serve as the exclusive placement agent or exclusive lead underwriter of the Company) with the intension to raise approximately $10,000,000 from either a public offering or a private placement. Under the agreement, upon the closing of the financing, the Company will pay Univest Securities, LLC (the “Underwriter” or “Univest”) a discount equal to eight percent (8%) of the gross proceeds raised in the offering, a non-accountable expense allowance equal to one percent (1%) of the gross proceeds of the offering, as well as underwriter warrants to purchase that number of shares of common stock and accompanying Warrants equal to five percent (5%) of the shares of common stock and Warrants sold in the offering, including upon exercise by the Underwriter of its over-allotment option (“Underwriter Warrants”). The Underwriter Warrants shall be exercisable at any time, and from time to time, in whole or in part, during the period commencing 180 days from the date of commencement of sales of the offering, which period shall not extend further than five years from the date of commencement of sales of the offering in compliance with FINRA Rule 5110(g)(8)(A). After an initial period of six months from the agreement entering date, this engagement may be terminated at any time by either party upon 10 days written notice to the other party, effective upon receipt of written notice to that effect by the other party. The Company filed S-1 with the SEC on July 28, 2021.

Subsequent Events

Subsequent Events	9 Months Ended
Subsequent Events	Sep. 30, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	17. SUBSEQUENT EVENTS The Company follows the guidance in FASB ASC 855-10 for the disclosure of subsequent events. The Company evaluated subsequent events through the date the financial statements were issued and determined the Company has the following material subsequent events: On October 8, 2021, Company entered into an Exchange Agreement with the lender. Pursuant to the Agreement, the Company and Lender partitioned a new Promissory Notes in the original principal amount of $250,000 from the original Promissory Note entered on December 4, 2020. The Company and Lender exchanged this Partitioned Note for the delivery of 43,782 shares of the Company’s Common Stock. On October 21, 2021, Company entered into an Exchange Agreement with the lender. Pursuant to the Agreement, the Company and Lender partitioned a new Promissory Notes in the original principal amount of $250,000 from the original Promissory Note entered on December 4, 2020. The Company and Lender exchanged this Partitioned Note for the delivery of 40,270 shares of the Company’s Common Stock. On October 25, 2021, Company entered into an Exchange Agreement with the lender. Pursuant to the Agreement, the Company and Lender partitioned a new Promissory Notes in the original principal amount of $500,000 from the original Promissory Note entered on December 4, 2020. The Company and Lender exchanged this Partitioned Note for the delivery of 72,737 shares of the Company’s Common Stock. On November 9, 2021, Company entered into an Exchange Agreement with the lender. Pursuant to the Agreement, the Company and Lender partitioned a new Promissory Notes in the original principal amount of $250,000 from the original Promissory Note entered on December 4, 2020. The Company and Lender exchanged this Partitioned Note for the delivery of 40,983 shares of the Company’s Common Stock.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	9 Months Ended
Accounting Policies, by Policy (Policies)	Sep. 30, 2021
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited financial information as of and for the nine and three months ended September 30, 2021 and 2020 has been prepared in accordance with accounting principles generally accepted in the U.S. for interim financial information and with the instructions to Quarterly Report on Form 10-Q and Article 10 of Regulation S-X. In the opinion of management, such financial information includes all adjustments (consisting only of normal recurring adjustments, unless otherwise indicated) considered necessary for a fair presentation of our financial position at such date and the operating results and cash flows for such periods. Operating results for the nine and three months ended September 30, 2021 are not necessarily indicative of the results that may be expected for the entire year or for any other subsequent interim period. The interim consolidated financial information should be read in conjunction with the Financial Statements and the notes thereto, included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020, previously filed with the SEC on April 15, 2021.
Basis of Consolidation	Basis of Consolidation The 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, 1) Erdos TCH Energy Saving Development Co., Ltd (“Erdos TCH”), 100% owned by Xi’an TCH, 2) Zhonghong, 90% owned by Xi’an TCH and 10% owned by Shanghai TCH, and 3) 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 September 30, 2021. However, there was no revenue for the Company for the nine and three months ended September 30, 2021. All significant inter-company accounts and transactions were eliminated in consolidation.
Uses and Sources of Liquidity	Uses and Sources of Liquidity For the nine and three months ended September 30, 2021, the Company had a net income of $1.39 million and net loss $0.56 million. For the nine and three months ended September 30, 2020, the Company had net loss of $0.28 million and 0.67 million. The Company had an accumulated deficit of $41.66 million as of September 30, 2021. The Company disposed all of its systems and currently holds only five power generating systems through Erdos TCH, the five power generating systems are currently not producing any electricity. The Company is in the process of transforming and expanding into an energy storage integrated solution provider. The Company plans to pursue disciplined and targeted expansion strategies for market areas the Company currently does not serve. The Company actively seeks and explores opportunities to apply energy storage technologies to new industries or segments with high growth potential, including industrial and commercial complexes, large scale photovoltaic (PV) and wind power stations, remote islands without electricity, and smart energy cities with multi-energy supplies. The Company’s cash flow forecast indicate it will have sufficient cash to fund its operations for the next 12 months from the date of issuance of these financial statements.
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. On an on-going basis, management evaluates their estimates, including those related to allowances for bad debt and inventory obsolescence, impairment loss on fixed assets and construction in progress, income taxes, and contingencies and litigation. Management bases their estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other resources.
Revenue Recognition	Revenue Recognition A) Sales-type Leasing and Related Revenue Recognition On January 1, 2019, the Company adopted Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 842 using the modified retrospective transition approach by applying the new standard to all leases existing at the date of initial application. Results and disclosure requirements for reporting periods beginning after January 1, 2019 are presented under ASC Topic 842, while prior period amounts have not been adjusted and continue to be reported in accordance with our historical accounting under Topic 840. (See Operating lease below as relates to the Company as a lessee). The Company’s sales type lease contracts for revenue recognition fall under ASC 842. During the nine and three months ended September 30, 2021 and 2020, the Company did not sell any new power generating projects. The Company constructs and leases waste energy recycling power generating projects to its customers. The Company typically transfers legal ownership of the waste energy recycling power generating projects to its customers at the end of the lease. Prior to January 1, 2019, the investment in these projects was recorded as investment in sales-type leases in accordance with ASC Topic 840 , “Lease ,” The Company finances construction of waste energy recycling power generating projects. The sales and cost of sales are recognized at the inception of the lease, which is when the control is transferred to the lessee. The Company accounts for the transfer of control as a sales type lease in accordance with ASC 842-10-25-2. The underlying asset is derecognized, and revenue is recorded when collection of payments is probable. This is in accordance with the revenue recognition principle in ASC 606 - Revenue from contracts with customers. The investment in sales-type leases consists of the sum of the minimum lease payments receivable less unearned interest income and estimated executory cost. Minimum lease payments are part of the lease agreement between the Company (as the lessor) and the customer (as the lessee). The discount rate implicit in the lease is used to calculate the present value of minimum lease payments. The minimum lease payments consist of the gross lease payments net of executory costs and contingent rentals, if any. Unearned interest is amortized to income over the lease term to produce a constant periodic rate of return on net investment in the lease. While revenue is recognized at the inception of the lease, the cash flow from the sales-type lease occurs over the course of the lease, which results in interest income and reduction of receivables. Revenue is recognized net of value-added tax. B) Contingent Rental Income The Company records income from actual electricity generated of each project in the period the income is earned, which is when the electricity is generated. Contingent rent is not part of minimum lease payments.
Operating Leases	Operating Leases The Company determines if an arrangement is a lease or contains a lease at inception. Operating lease liabilities are recognized based on the present value of the remaining lease payments, discounted using the discount rate for the lease at the commencement date. As the rate implicit in the lease is not readily determinable for the operating lease, the Company generally uses an incremental borrowing rate based on information available at the commencement date to determine the present value of future lease payments. Operating lease right-of-use (“ROU assets”) assets represent the Company’s right to control the use of an identified asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. ROU assets are generally recognized based on the amount of the initial measurement of the lease liability. Lease expense is recognized on a straight-line basis over the lease term. The Company elected the package of practical expedients permitted under the transition guidance to combine the lease and non-lease components as a single lease component for operating leases associated with the Company’s office space lease, and to keep leases with an initial term of 12 months or less off the balance sheet and recognize the associated lease payments in the consolidated statements of income on a straight-line basis over the lease term. ROU assets are reviewed for impairment when indicators of impairment are present. ROU assets from operating and finance leases are subject to the impairment guidance in ASC 360, Property, Plant, and Equipment, as ROU assets are long-lived nonfinancial assets. ROU assets are tested for impairment individually or as part of an asset group if the cash flows related to the ROU asset are not independent from the cash flows of other assets and liabilities. An asset group is the unit of accounting for long-lived assets to be held and used, which represents the lowest level for which identifiable cash flows are largely independent of the cash flows of other groups of assets and liabilities. At September 30, 2021, the ROU was $145,586. The Company recognized no impairment of ROU assets as of September 30, 2021. Operating leases are included in operating lease right-of-use assets and operating lease liabilities (current and non-current), on the consolidated balance sheets.
Cash	Cash Cash 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.
Accounts Receivable	Accounts Receivable The Company’s policy is to maintain an allowance for potential credit losses on accounts receivable. Management reviews the composition of accounts receivable 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 September 30, 2021 and December 31, 2020, the Company had gross accounts receivable of $0 and $342,974 of Erdos TCH for electricity sold, respectively. As of September 30, 2021 and December 31, 2020, the Company had bad debt allowance of $0 and $34,297 for Erdos TCH due to the customer not making the payments as scheduled, respectively. As of September 30, 2021, all outstanding accounts receivable balance was collected in full.
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 and state-owned banks within the PRC are covered by insurance up to RMB 500,000 (US$76,000) per bank. Any balance over RMB 500,000 (US$76,000) per bank in PRC will not be covered. At September 30, 2021, cash held in the PRC bank of approximately $145,341,795 was not covered by such 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: 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
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 FASB 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 FASB 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. Interest associated with unrecognized tax benefits is classified as interest expense and penalties are classified in selling, general and administrative expenses in the statement of income. At September 30, 2021 and December 31, 2020, the Company did not take any uncertain positions that would necessitate recording a tax related liability.
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. Effective on January 1, 2020, the Company adopted ASU 2018-13, Fair Value Measurement: Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement, which modifies the disclosure requirements for Level 1, Level 2 and Level 3 instruments in the FV hierarchy. The Company analyzes all financial instruments with features of both liabilities and equity under FASB ASC 480, “Distinguishing Liabilities from Equity,” “Derivatives and Hedging.” As of September 30, 2021 and December 31, 2020, 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 share-based compensation awards to employees in accordance with FASB ASC Topic 718, “Compensation – Stock Compensation”, which requires that share-based payment transactions with employees be measured based on the grant-date fair value of the equity instrument issued and recognized as compensation expense over the requisite service period. The Company accounts for share-based compensation awards to non-employees in accordance with FASB ASC Topic 718 and FASB ASC Subtopic 505-50, “Equity-Based Payments to Non-employees”. Share-based compensation associated with the issuance of equity instruments to non-employees is measured at the fair value of the equity instrument issued or committed to be issued, as this is more reliable than the fair value of the services received. The fair value is measured at the date that the commitment for performance by the counterparty has been reached or the counterparty’s performance is complete. Effective on January 1, 2020, the Company adopted 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 adoption of ASU 2018-07 did not have an impact on the Company’s financial statements.
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.” For the nine and three months ended September 30, 2021 and 2020, the basic and diluted loss per share were the same due to the anti-dilutive features of the warrants and options. For the nine and three months ended September 30, 2021, 30,911 shares purchasable under warrants and options were excluded from the EPS calculation as these were not dilutive due to the exercise price was more than the stock market price. For the nine and three months ended September 30, 2020, 31,311 shares purchasable under warrants and options were excluded from the EPS calculation as these were not dilutive due to the exercise price was more than the stock market price.
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 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, 2022. 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. In January 2017, the FASB issued ASU No. 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 fair value, not to exceed the carrying amount of goodwill. The guidance should be adopted on a prospective basis. As a smaller reporting company, the standard will be effective for the Company for interim and annual reporting periods beginning after December 15, 2022, with early adoption permitted. The Company is currently evaluating the impact of adopting this standard on its consolidated financial statements. In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848) (“ASU 2020-04”). ASU 2020-04 contains practical expedients for reference rate reform related activities that impact debt, leases, derivatives and other contracts. The guidance in ASU 2020-04 is optional and may be elected over time as reference rate reform activities occur. The Company continues to evaluate the impact of the guidance and may apply the elections as applicable as changes in the market occur. In August 2020, the FASB issued ASU 2020-06, Debt - Debt with Conversion and Other Options (Subtopic 470- 20) and Derivatives and Hedging - Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity (“ASU 2020-06”), which simplifies the accounting for certain financial instruments with characteristics of liabilities and equity. This ASU (1) simplifies the accounting for convertible debt instruments and convertible preferred stock by removing the existing guidance in ASC 470-20, Debt: Debt with Conversion and Other Options, that requires entities to account for beneficial conversion features and cash conversion features in equity, separately from the host convertible debt or preferred stock; (2) revises the scope exception from derivative accounting in ASC 815-40 for freestanding financial instruments and embedded features that are both indexed to the issuer’s own stock and classified in stockholders’ equity, by removing certain criteria required for equity classification; and (3) revises the guidance in ASC 260, Earnings Per Share, to require entities to calculate diluted earnings per share (EPS) for convertible instruments by using the if-converted method. In addition, entities must presume share settlement for purposes of calculating diluted EPS when an instrument may be settled in cash or shares. For SEC filers, excluding smaller reporting companies, ASU 2020-06 is effective for fiscal years beginning after December 15, 2021 including interim periods within those fiscal years. Early adoption is permitted, but no earlier than fiscal years beginning after December 15, 2020. For all other entities, ASU 2020-06 is effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Entities should adopt the guidance as of the beginning of the fiscal year of adoption and cannot adopt the guidance in an interim reporting period. The Company is currently evaluating the impact that ASU 2020-06 may have on its consolidated financial statements and related disclosures. 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_2

Summary of Significant Accounting Policies (Tables)	9 Months Ended
Summary of Significant Accounting Policies (Tables)	Sep. 30, 2021
Accounting Policies [Abstract]
Schedule of property and equipment estimated lives	Vehicles 2 - 5 years Office and Other Equipment 2 - 5 years Software 2 - 3 years

Taxes Payable (Tables)

Taxes Payable (Tables)	9 Months Ended
Taxes Payable (Tables)	Sep. 30, 2021
Tax Payable [Abstract]
Schedule of taxes payable	2021 2020 Income tax – current $ 2,443,461 $ 2,746,757 Value-added tax - 322,652 Other taxes 101 76,203 Total – current 2,443,562 3,145,612 Income tax – noncurrent $ 5,174,625 $ 5,174,625

Accrued Liabilities and Other_2

Accrued Liabilities and Other Payables (Tables)	9 Months Ended
Accrued Liabilities and Other Payables (Tables)	Sep. 30, 2021
Payables and Accruals [Abstract]
Schedule of accrued liabilities and other payables	2021 2020 Education and union fund and social insurance payable $ 376,017 $ 373,740 Consulting and legal expenses 41,090 31,090 Accrued payroll and welfare 256,727 255,278 Other 55,947 66,588 Total $ 729,781 $ 726,696

Deferred Tax, Net (Tables)

Deferred Tax, Net (Tables)	9 Months Ended
Deferred Tax, Net (Tables)	Sep. 30, 2021
Deferred Tax Assets Liabilities Net Disclosure [Abstract]
Schedule of deferred tax liability	2021 2020 Accrued expenses $ 70,446 $ 70,019 Write-off Erdos TCH net investment in sales-type leases * 6,352,124 6,155,300 US NOL 415,851 254,035 PRC NOL 2,623,801 10,849,690 Total deferred tax assets 9,462,222 17,329,044 Less: valuation allowance for deferred tax assets (9,462,222 ) (17,329,044 ) Deferred tax assets, net $ - $ - * This represents the tax basis of Erdos TCH investment in sales type leases, which was written off under US GAAP upon modification of lease terms, which made the lease payments contingent upon generation of electricity.

Shares Issued for Equity Fina_2

Shares Issued for Equity Financing and Stock Compensation (Tables)	9 Months Ended
	Sep. 30, 2021
Stockholders' Equity Note [Abstract]
Schedule of warrant activity	Number of Average Weighted Outstanding at January 1, 2021 30,411 $ 14.0 3.21 Exercisable at January 1, 2021 30,411 $ 14.0 3.21 Granted - - - Exchanged - - - Forfeited - - - Expired - - - Outstanding at September 30, 2021 30,411 $ 14.0 2.46 Exercisable at September 30, 2021 30,411 $ 14.0 2.46

Income Tax (Tables)

Income Tax (Tables)	9 Months Ended
Income Tax (Tables)	Sep. 30, 2021
Income Tax Disclosure [Abstract]
Schedule of reconciles U.S. statutory rates to effective tax rate	2021 2020 U.S. statutory rates 21.0 % (21.0 )% Tax rate difference – current provision 10.1 % 9.8 % Prior year income tax adjustment in current year (8.8 )% Permanent differences 16.1 % 41.3 % Change in valuation allowance (45.2 )% (30.1 )% Tax benefit per financial statements (6.7 )% - % 2021 2020 U.S. statutory rates (21.0 )% (21.0 )% Tax rate difference – current provision 0.3 % (1.9 )% Permanent differences 35.7 % 9.5 % Change in valuation allowance (13.0 )% 13.4 % Tax expense per financial statements 2.0 % - %
Schedule of provision for income tax expense	2021 2020 Income tax benefit – current $ 87,051 $ - Income tax benefit – deferred - - Total income tax benefit $ 87,051 $ - 2021 2020 Income tax expense – current $ 10,902 $ - Income tax expense– deferred - - Total income tax expense $ 10,902 $ -

Stock-Based Compensation Plan (

Stock-Based Compensation Plan (Tables)	9 Months Ended
Stock-Based Compensation Plan (Tables)	Sep. 30, 2021
Share-based Payment Arrangement [Abstract]
Schedule of option activity with respect to employees and independent directors	Number of Average Weighted Outstanding at January 1, 2021 500 $ 16.1 6.32 Exercisable at January 1, 2021 500 $ 16.1 6.32 Granted - - - Exercised - - - Forfeited - - - Outstanding at September 30, 2021 500 $ 16.1 5.57 Exercisable at September 30, 2021 500 $ 16.1 5.57

Statutory Reserves (Tables)

Statutory Reserves (Tables)	9 Months Ended
Statutory Reserves (Tables)	Sep. 30, 2021
Statutory Reserves [Abstract]
Schedule of maximum statutory reserve amount	Name of Chinese Subsidiaries Registered Capital Maximum Statutory Statutory Shanghai TCH $ 29,800,000 $ 14,900,000 ¥6,564,303 ($1,003,859) ¥6,564,303 ($1,003,859) Xi’an TCH ¥ 202,000,000 ¥ 101,000,000 ¥73,827,450 ($11,255,899) ¥73,700,706 ($11,236,314) Erdos TCH ¥ 120,000,000 ¥ 60,000,000 ¥19,035,814 ($2,914,869) ¥19,035,814 ($2,914,869) Xi’an Zhonghong ¥ 30,000,000 ¥ 15,000,000 Did not accrue yet due to accumulated deficit Did not accrue yet due to accumulated deficit Shaanxi Huahong $ 2,500,300 $ 1,250,150 Did not accrue yet due to accumulated deficit Did not accrue yet due to accumulated deficit Zhongxun ¥ 35,000,000 ¥ 17,500,000 Did not accrue yet due to accumulated deficit Did not accrue yet due to accumulated deficit

Commitments (Tables)

Commitments (Tables)	9 Months Ended
Commitments (Tables)	Sep. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Schedule of lease cost	Nine Months September 30, Operating lease cost – amortization of ROU $ 45,299 Operating lease cost – interest expense on lease liability $ 5,513 Weighted Average Remaining Lease Term - Operating leases 2.25 years Weighted Average Discount Rate - Operating leases 5 % Nine Months September 30, Operating lease cost– amortization of ROU $ 48,220 Operating lease cost – interest expense on lease liability $ 814 Weighted Average Remaining Lease Term - Operating leases 0.42 years Weighted Average Discount Rate - Operating leases 3 %
Schedule of lease cost ,lease term	Three Months September 30, Operating lease cost – amortization of ROU $ 15,329 Operating lease cost – interest expense on lease liability $ 1,610 Three Months September 30, Operating lease cost– amortization of ROU $ 16,372 Operating lease cost – interest expense on lease liability $ 160
Schedule of maturities of the office lease liabilities	Operating For the years ended September 30, 2022, $ 67,604 For the years ended September 30, 2023 67,604 Total undiscounted cash flows 135,208 Less: imputed interest (6,523 ) Present value of lease liabilities $ 128,685

Organization and Description _2

Organization and Description of Business (Details)

Apr. 13, 2020

Jan. 10, 2020

Feb. 11, 2015

Apr. 14, 2009

Dec. 22, 2020

Dec. 29, 2018

Mar. 31, 2016

Mar. 24, 2014

Jul. 31, 2013USD ($)

Jul. 19, 2013

Jun. 15, 2013USD ($)

Jun. 15, 2013CNY (¥)

Mar. 30, 2013USD ($)

Mar. 30, 2013CNY (¥)

Sep. 28, 2011USD ($)

Sep. 28, 2011CNY (¥)

Sep. 30, 2021USD ($)$ / sharesshares

Sep. 30, 2021CNY (¥)

Dec. 31, 2019USD ($)

Jul. 27, 2021$ / sharesshares

Dec. 31, 2020$ / sharesshares

Jan. 04, 2019USD ($)

Jan. 04, 2019CNY (¥)

Organization and Description of Business (Details) [Line Items]

Description of other events

through
its subsidiaries, provides energy saving solutions and services, including selling and leasing energy saving systems and equipment to
customers, and project investment in the Peoples Republic of China (“PRC”).The
Company’s organizational chart as of September 30, 2021 is as follows:   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. Erdos contributed 7%
of the total investment of the project, and Xi’an TCH Energy Technology Co., Ltd. (“Xi’an TCH”) contributed 93%.
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. Xi’an
TCH paid the $1.29 million in July 2013 and, as a result, became the sole stockholder of the JV. 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 started to charge 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. Since May 2019, Erdos TCH has ceased its
operations due to renovations and furnace safety upgrades of Erdos, and the Company initially expected the resumption of operations in
July 2020, but the resumption of operations was further delayed due to government’s mandate for Erdos to significantly lower its
energy consumption per unit of GDP. Erdos and the municipal government are currently under discussion for seeking the solution of achieving
the energy saving target. During this period, Erdos will compensate Erdos TCH RMB 1 million ($145,460) per month, until operations
resume. The Company has not recognized any income due to the uncertainty of collection. 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 there have not been any operations since then nor has any registered capital contribution been made. Shenqiu
Yuneng Biomass Power Generation Projects On
September 28, 2011, Xi’an TCH and Shenqiu 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 of $286,000 (RMB 1,800,000)
for 11 years.  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. As
repayment for a loan made by Xi’an Zhonghong to Beijing Hongyuan Recycling Energy Investment Center, LLP (the “HYREF”)
on January 10, 2019 (see further discussion in Note 8); on January 4, 2019, Xi’an Zhonghong, Xi’an TCH, and Mr. Chonggong
Bai (or “Mr. Bai”), a resident of China, entered into a Projects Transfer Agreement (the “Agreement”), pursuant
to which Xi’an TCH transferred two BMGP in Shenqiu (“Shenqiu Phase I and II Projects”) to Mr. Bai for RMB 127,066,000 ($18.55 million).
As consideration for the transfer of the Shenqiu Phase I and II Projects to Mr. Bai (Note 8), Mr. Bai transferred 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 a loan made by Xi’an Zhonghong to HYREF
on January 10, 2019. The transfer of the projects was completed on February 15, 2019. The Company recorded $208,359 loss from the
transfer during the year ended December 31, 2019. Xi’an Hanneng was expected to own 47,150,000 shares of Xi’an
Huaxin New Energy Co., Ltd for the repayment of Shenqiu system and Huayu system. However, Xi’an Hanneng was not able to obtain
all the Huaxin shares due to halted trading of Huaxin stock by NEEQ for not filing its 2018 annual report. On December 20, 2019, Mr.
Bai and all the related parties therefore agreed to have Mr. Bai instead make a payment in cash for the transfer price of Shenqiu (see
Note 8 for detail).  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”),
of which it owns 90% of Zhonghong, with HYREF owning the other 10%. 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 transferred its 10% ownership in Zhonghong to Shanghai
TCH for 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 (Coke Dry Quenching Waste Heat Power Generation
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”). On
December 29, 2018, Xi’an Zhonghong, Xi’an TCH, HYREF, Guohua Ku, and Mr. Chonggong Bai entered into a CDQ WHPG Station Fixed
Assets Transfer Agreement, pursuant to which Xi’an Zhonghong transferred Chengli CDQ WHPG station (‘the Station”)
as the repayment for the loan of RMB 188,639,400 ($27.54 million) to HYREF. Xi’an Zhonghong, Xi’an TCH, Guohua Ku and Chonggong
Bai also agreed to a Buy Back Agreement for the Station when certain conditions are met (see Note 8). The transfer of the Station was
completed on January 22, 2019, at which time the Company recorded a $624,133 loss from this transfer. However, because the loan
was not deemed repaid due to the buyback provision (See Note 8 for detail), the Company kept the loan and the Chengli project recognized in
its consolidated financial statements (“CFS”) until April 9, 2021. The Buy Back Agreement was terminated on April 9,
2021, HYREF did not execute the buy-back option and did not ask for any additional payment from the buyers other than keeping the CDQ
WHPG station. 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 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 2020. The Xuzhou Huayu Project has been on hold due to a conflict between Xuzhou Huayu Coking Co., Ltd.
and local residents on certain pollution-related issues. 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 transferred 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 that as
consideration for the transfer of the Xuzhou Huayu Project to him, as well as Shenqiu discussed above, he would 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. (Note
8). The transfer of the project was completed on February 15, 2019. The Company recorded $397,033 loss from this transfer during
the year ended December 31, 2019. On January 10, 2019, Mr. Chonggong Bai transferred all the equity shares of his wholly owned company,
Xi’an Hanneng, to HYREF as repayment for the loan. Xi’an Hanneng was expected to own 47,150,000 shares of Xi’an Huaxin
New Energy Co., Ltd for the repayment of Huayu system and Shenqiu system. As of September 30, 2019, Xi’an Hanneng already owned
29,948,000 shares of Huaxin, but was not able to obtain the remaining 17,202,000 shares due to halted trading of Huaxin stock by NEEQ
for not filing its 2018 annual report. On December 20, 2019, Mr. Bai and all the related parties agreed to have Mr. Bai instead making
a payment in cash for the transfer price of Huayu (see Note 8 for detail).  On
January 10, 2020, Zhonghong, Tianyu and Huaxin signed a transfer agreement to transfer all assets under construction and related
rights and interests of Xuzhou Tian’an Project to Tianyu for RMB 170 million including VAT ($24.37 million) in three installment
payments. The 1st installment payment of RMB 50 million ($7.17 million) to be paid within 20 working days after the contract is signed.
The 2nd installment payment of RMB 50 million ($7.34 million) is to be paid within 20 working days after completion of the project construction
but no later than July 31, 2020. The final installment payment of RMB 70 million ($10.28 million) is to be paid before December 31, 2020.
The Company received the payment in full for Tian’an Project as of December 31, 2020. 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 was to 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 is also to build a furnace to generate steam from the smoke
pipeline’s waste heat and sell the steam to Zhongtai. 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 obligations under the EPC Contract to Zhongtai. As consideration for the transfer of the Project, Zhongtai agreed to pay to
Xi’an TCH RMB 167,360,000 ($25.77 million) including (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 was 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. 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 January 2020, Zhongtai paid RMB 10 million ($1.41 million); in March 2020, Zhongtai
paid RMB 20 million ($2.82 million); in June 2020, Zhongtai paid RMB 10 million ($1.41 million); and in December 2020, Zhongtai paid
RMB 30 million ($4.28 million), which was payment in full. Accordingly, the Company reversed the bad debt expense of $5.80 million in
2020 which had been recorded earlier. 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 nor has any capital contribution been made 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.

Amount of ownership interest | $

$ 1,290,000

Lease period

11 years

Loss from the transfer | $

$ 208,359

Percentage of owns

10.00%

Description of business agreement

pursuant to which Xi’an Zhonghong transferred Chengli CDQ WHPG station (‘the Station”)
as the repayment for the loan of RMB 188,639,400 ($27.54 million) to HYREF. Xi’an Zhonghong, Xi’an TCH, Guohua Ku and Chonggong
Bai also agreed to a Buy Back Agreement for the Station when certain conditions are met (see Note 8). The transfer of the Station was
completed on January 22, 2019, at which time the Company recorded a $624,133 loss from this transfer.

The Company recorded $397,033 loss from this transfer during
the year ended December 31, 2019. On January 10, 2019, Mr. Chonggong Bai transferred all the equity shares of his wholly owned company,
Xi’an Hanneng, to HYREF as repayment for the loan. Xi’an Hanneng was expected to own 47,150,000 shares of Xi’an Huaxin
New Energy Co., Ltd for the repayment of Huayu system and Shenqiu system. As of September 30, 2019, Xi’an Hanneng already owned
29,948,000 shares of Huaxin, but was not able to obtain the remaining 17,202,000 shares due to halted trading of Huaxin stock by NEEQ
for not filing its 2018 annual report. On December 20, 2019, Mr. Bai and all the related parties agreed to have Mr. Bai instead making
a payment in cash for the transfer price of Huayu (see Note 8 for detail).

Cooperative agreement, description

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 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 2020.

Transfer agreement

$ 17,520,000

¥ 120,000,000

Transfer Agreement, description

Zhonghong, Tianyu and Huaxin signed a transfer agreement to transfer all assets under construction and related
rights and interests of Xuzhou Tian’an Project to Tianyu for RMB 170 million including VAT ($24.37 million) in three installment
payments. The 1st installment payment of RMB 50 million ($7.17 million) to be paid within 20 working days after the contract is signed.
The 2nd installment payment of RMB 50 million ($7.34 million) is to be paid within 20 working days after completion of the project construction
but no later than July 31, 2020. The final installment payment of RMB 70 million ($10.28 million) is to be paid before December 31, 2020.
The Company received the payment in full for Tian’an Project as of December 31, 2020.

Description of transfer agreement

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 obligations under the EPC Contract to Zhongtai. As consideration for the transfer of the Project, Zhongtai agreed to pay to
Xi’an TCH RMB 167,360,000 ($25.77 million) including (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 was 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. 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 January 2020, Zhongtai paid RMB 10 million ($1.41 million); in March 2020, Zhongtai
paid RMB 20 million ($2.82 million); in June 2020, Zhongtai paid RMB 10 million ($1.41 million); and in December 2020, Zhongtai paid
RMB 30 million ($4.28 million), which was payment in full. Accordingly, the Company reversed the bad debt expense of $5.80 million in
2020 which had been recorded earlier. 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 nor has any capital contribution been made 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.

Description of 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 nor has any capital contribution been made 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.

Description of formation of yinghua

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
nor has any capital contribution been made as of the date of this report.

Description of reverse stock split

the Company filed a certificate of change (“Certificate of Change”) with the Secretary of State of the State
of Nevada, pursuant to which, on April 13, 2020, the Company effected a reverse stock split of its Common Stock, at a rate of 1-for-10,
accompanied by a corresponding decrease in the Company’s issued and outstanding shares of Common Stock (the “Reverse Stock
Split”). The accompanying consolidated financial statements and related disclosure in for periods prior to the Reverse Stock Split
have been retroactively restated to reflect this reverse stock split.

Common stock, shares authorized | shares

100,000,000

Common stock, par value | $ / shares

$ 0.001

Mr. Bai [Member]

Organization and Description of Business (Details) [Line Items]

Payment of transfer price | ¥

¥ 127,066,000

Mr. Chonggong Bai [Member]

Organization and Description of Business (Details) [Line Items]

Payment of transfer price | $

$ 18,550,000

Zhonghong [Member]

Organization and Description of Business (Details) [Line Items]

Percentage of owns

90.00%

Articles of Incorporation[Member]

Organization and Description of Business (Details) [Line Items]

Common stock, par value | $ / shares

$ 0.001

Minimum [Member]

Organization and Description of Business (Details) [Line Items]

Common stock, shares authorized | shares

10,000,000

Maximum [Member]

Organization and Description of Business (Details) [Line Items]

Common stock, shares authorized | shares

100,000,000

DaTong Recycling Energy [Member]

Organization and Description of Business (Details) [Line Items]

Maturity term

20 years

Ownership percentage

30.00%

Erdos Metallurgy Company Limited [Member]

Organization and Description of Business (Details) [Line Items]

Ownership percentage

7.00%

Xi'an TCH Energy Technology Co., Ltd. [Member]

Organization and Description of Business (Details) [Line Items]

Ownership percentage

93.00%

Erdos TCH [Member]

Organization and Description of Business (Details) [Line Items]

Amount of ownership interest

$ 1,290,000

¥ 8,000,000

Until operations resume | ¥

¥ 1,000,000

Until operation resume | $

$ (145,460)

Lease period

9 years 6 months

Da Tang Shi Dai [Member]

Organization and Description of Business (Details) [Line Items]

Ownership percentage

30.00%

TianYu XuZhou Recycling Energy [Member]

Organization and Description of Business (Details) [Line Items]

Ownership percentage

40.00%

Xian Tch [Member]

Organization and Description of Business (Details) [Line Items]

Lease agreement

$ 239,000

¥ 1,500,000

$ 286,000

¥ 1,800,000

Xi'an Huaxin New Energy Co., Ltd [Member]

Organization and Description of Business (Details) [Line Items]

Repayment of loan | shares

47,150,000

Xi'an Zhonghong New Energy Technology Co [Member]

Organization and Description of Business (Details) [Line Items]

Ownership, Description

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 transferred its 10% ownership in Zhonghong to Shanghai
TCH for 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.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Summary of Significant Accounting Policies (Details) [Line Items]
Net income		$ 670,000	$ 280,000
Accumulated deficit	$ 41,660,000	41,660,000
Recognized total Right of Use Asset (“ROU”)	$ 145,586	$ 145,586
Accounts receivable, description		As of September 30, 2021 and December 31, 2020, the Company had gross accounts receivable of $0 and $342,974 of Erdos TCH for electricity sold, respectively. As of September 30, 2021 and December 31, 2020, the Company had bad debt allowance of $0 and $34,297 for Erdos TCH due to the customer not making the payments as scheduled, respectively. As of September 30, 2021, all outstanding accounts receivable balance was collected in full.
Description of insurance policy		Balances at financial institutions and state-owned banks within the PRC are covered by insurance up to RMB 500,000 (US$76,000) per bank. Any balance over RMB 500,000 (US$76,000) per bank in PRC will not be covered. At September 30, 2021, cash held in the PRC bank of approximately $145,341,795 was not covered by such insurance. The Company has not experienced any losses in such accounts.
Asset impairment loss		$ 0
Shares of antidilutive securities under warrants and option (in Shares)	31,311	30,911
Erdos TCH [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Net income		$ 1,390,000
Net income (loss)		$ 560,000
Business Acquisition [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Business acquisition, description		The 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, 1) Erdos TCH Energy Saving Development Co., Ltd (“Erdos TCH”), 100% owned by Xi’an TCH, 2) Zhonghong, 90% owned by Xi’an TCH and 10% owned by Shanghai TCH, and 3) 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 September 30, 2021. However, there was no revenue for the Company for the nine and three months ended September 30, 2021. All significant inter-company accounts and transactions were eliminated in consolidation.

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - Schedule of property and equipment estimated lives	9 Months Ended
	Sep. 30, 2021
Minimum [Member] \| Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, useful life	2 years
Minimum [Member] \| Office and Other Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, useful life	2 years
Minimum [Member] \| Software [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, useful life	2 years
Maximum [Member] \| Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, useful life	5 years
Maximum [Member] \| Office and Other Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, useful life	5 years
Maximum [Member] \| Software [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, useful life	3 years

Other Receivables (Details)

Other Receivables (Details) - USD ($)	Aug. 02, 2021	Aug. 23, 2021	Sep. 30, 2021	Dec. 31, 2020
Receivables [Abstract]
Advance to third party			$ 7,710	$ 7,663
Advance to employees			9,102	11,011
Advance to suppliers			2,773	4,791
Other receivables			862,250	12,222
Social insurance receivable			4,607	$ 4,579
Social insurance prepayment			857,500
Research and development cost	$ 1,000,000
Company prepaid			$ 200,000
Market research and project development description		the Company entered a Market Research and Project Development Service Agreement with a consulting company in Xi’an for a service period of 12 months. The consulting company will perform the market research for new energy industry including photovoltaic and energy storage, develop potential new customers and due diligence check, assisting the Company for business cooperation negotiation and relevant agreements preparation. Total contract amount is $1,150,000, and the Company prepaid $650,000 at commencement of the service; the Company will pay $200,000 upon issuance of the research report, and pay the remaining of $300,000 upon completion all the services.

Asset Subject to Buyback (Detai

Asset Subject to Buyback (Details) - USD ($)	1 Months Ended	9 Months Ended
Asset Subject to Buyback (Details) - USD ($)	Jan. 22, 2019	Sep. 30, 2021	Dec. 31, 2020	Dec. 31, 2018
Asset Subject to Buyback (Details) [Line Items]
Net property and equipment		$ 6,266	$ 6,228
Transferred of shares, description	On January 22, 2019, Xi’an Zhonghong completed the transfer of Chengli CDQ WHPG project as the partial repayment for the loan and accrued interest of RMB 188,639,400 ($27.54 million) to HYREF (see Note 8).
Gain on partial repayment of entrusted loan		3,100,000
Chengali [Member]
Asset Subject to Buyback (Details) [Line Items]
Net property and equipment		$ 0	$ 28,920,000
Fixed assets cost				$ 35,240,000

Taxes Payable (Details)

Taxes Payable (Details) $ in Thousands	9 Months Ended
Taxes Payable (Details) $ in Thousands	Sep. 30, 2021USD ($)
Tax Payable [Abstract]
Income Tax payable	$ 7,610
Current tax payable	2,440
Tax payable, noncurrent	$ 5,170
Income tax liability of installment, 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.

Taxes Payable (Details) - Sched

Taxes Payable (Details) - Schedule of taxes payable	9 Months Ended
Taxes Payable (Details) - Schedule of taxes payable	Sep. 30, 2021USD ($)	Sep. 30, 2020USD ($)
Schedule of taxes payable [Abstract]
Income tax – current	$ 2,443,461	$ 2,746,757
Value-added tax		322,652
Other taxes	101	76,203
Total – current	$ 2,443,562	$ 3,145,612
Income tax – noncurrent	5,174,625	5,174,625

Accrued Liabilities and Other_3

Accrued Liabilities and Other Payables (Details) - Schedule of accrued liabilities and other payables - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Accrued Liabilities and Other Payables (Details) - Schedule of accrued liabilities and other payables [Line Items]
Total	$ 729,781	$ 726,696
Education and union fund and social insurance payable [Member]
Accrued Liabilities and Other Payables (Details) - Schedule of accrued liabilities and other payables [Line Items]
Total	376,017	373,740
Consulting and legal expenses [Member]
Accrued Liabilities and Other Payables (Details) - Schedule of accrued liabilities and other payables [Line Items]
Total	41,090	31,090
Accrued payroll and welfare [Member]
Accrued Liabilities and Other Payables (Details) - Schedule of accrued liabilities and other payables [Line Items]
Total	256,727	255,278
Other [Member]
Accrued Liabilities and Other Payables (Details) - Schedule of accrued liabilities and other payables [Line Items]
Total	$ 55,947	$ 66,588

Deferred Tax, Net (Details) - S

Deferred Tax, Net (Details) - Schedule of deferred tax liability - USD ($)		Sep. 30, 2021	Dec. 31, 2020
Schedule of deferred tax liability [Abstract]
Accrued expenses		$ 70,446	$ 70,019
Write-off Erdos TCH net investment in sales-type leases	[1]	6,352,124	6,155,300
US NOL		415,851	254,035
PRC NOL		2,623,801	10,849,690
Total deferred tax assets		9,462,222	17,329,044
Less: valuation allowance for deferred tax assets		(9,462,222)	(17,329,044)
Deferred tax assets, net

[1]	This represents the tax basis of Erdos TCH investment in sales type leases, which was written off under US GAAP upon modification of lease terms, which made the lease payments contingent upon generation of electricity.

Loan Payable (Details)

Loan Payable (Details) $ in Thousands

1 Months Ended

9 Months Ended

Dec. 20, 2019USD ($)

Dec. 20, 2019CNY (¥)

Dec. 19, 2019USD ($)

Dec. 19, 2019CNY (¥)

Sep. 30, 2021USD ($)

Sep. 30, 2021CNY (¥)

Dec. 20, 2019CNY (¥)

Dec. 19, 2019CNY (¥)

Jan. 04, 2019USD ($)

Jan. 04, 2019CNY (¥)

Dec. 29, 2018USD ($)

Dec. 29, 2018CNY (¥)

Loan Payable (Details) [Line Items]

Interest rate

12.50%

Description of remaining loan balance

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 had 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, on December 29, 2018, the Company worked
out with the lender an alternative repayment proposal as described below. As of December 31, 2020, the interest payable for this
loan was $10.14 million and the outstanding balance for this loan was $22.20 million including a non-current portion of
$0.30 million. As of September 30, 2021, the interest payable for this loan (RMB 77 million ($11.87 million) net of
investment from Xian TCH of RMB 75 million ($11.56 million) was $0 and the outstanding balance for this loan (non-current) was $0.31
million.

Total buy back price

$ 37,520

¥ 261,727,506

Accrued Interest

$ 2,100

¥ 14,661,506

Amount of realized gain terminated

$ 3,100

Transfer price installment payments, description

Mr. Bai, Xi’an TCH and Xi’an Zhonghong agreed to have Mr. Bai repay the Company in cash
for the transfer price of Xuzhou Huayu and Shenqiu in five installment payments. The 1st payment of RMB 50 million ($7.17
million) is due on January 5, 2020, the 2nd payment of RMB 50 million ($7.17 million) was due on February 5, 2020, the
3rd payment of RMB 50 million ($7.17 million) was due on April 5, 2020, the 4th payment of RMB 50 million
($7.17 million) is due on June 30, 2020, and the final payment of RMB 47,066,000 ($6.75 million) is due on September 30, 2020. As of
September 30, 2021, the Company has received the full payment of RMB 247 million ($36.28 million) from Mr. Bai.

Lender repayment, description

The
lender agreed to extend the repayment of RMB 77.00 million ($11.04 million) to July 8, 2023; of which, RMB 75.00 million ($10.81 million)
was Xi’an TCH’s investment into the HYREF fund as a secondary limited partner, and 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.

Mr. Chonggong Bai [Member]

Loan Payable (Details) [Line Items]

Description of remaining loan balance

Xi’an
Hanneng is a holding company and was supposed to own 47,150,000 shares of Xi’an Huaxin New Energy Co., Ltd. (“Huaxin”),
so that HYREF will indirectly receive and own such shares of Xi’an Huaxin as the repayment for the loan of Zhonghong. Xi’an
Hanneng already owned 29,948,000 shares of Huaxin; however, Xi’an Hanneng was not able to obtain the remaining 17,202,000 shares
due to halted trading of Huaxin stock by NEEQ for not filing its 2018 annual report.

Xi’an TCH [Member]

Loan Payable (Details) [Line Items]

Total buy back price

37,520

¥ 261,727,506

Accrued Interest

2,100

¥ 14,661,506

HYREF loan (entrusted loan) [Member]

Loan Payable (Details) [Line Items]

Total fund capital contribution

$ 77,000

¥ 460,000,000

Description of equity investment

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 was
to receive interest from Zhonghong for the HYREF Fund’s debt investment. 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 ($4.39 million) capital contribution made by Xi’an TCH in Zhonghong. 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
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.

Xi’an TCH [Member]

Loan Payable (Details) [Line Items]

Amount of realized gain terminated

$ 3,100

HYREF [Member] | Transfer Agreement [Member]

Loan Payable (Details) [Line Items]

Loan payable

$ 27,540

¥ 188,639,400

Xuzhou Huayu project [Member]

Loan Payable (Details) [Line Items]

Loan payable

$ 17,520

¥ 120,000,000

Xuzhou Huayu project [Member]

Loan Payable (Details) [Line Items]

Loan payable

36,070

247,066,000

Debt amount paid

$ 18,550

¥ 127,066,000

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	1 Months Ended
Related Party Transactions (Details) - USD ($)	Feb. 23, 2021	Sep. 30, 2021	Dec. 31, 2020
Related Party Transactions [Abstract]
Advances from related party		$ 28,418	$ 28,440
Related Party Transactions, description	pursuant to which the Company agreed to sell to the Purchasers, an aggregate of up to 3,320,000 shares of common stock of the Company, at $11.522 per share. One of the purchasers is the Company’s CEO (who is also the Company’s Chairman), who purchased 1,000,000 common shares of the Company. In April 2021, the Company’s CEO amended the number of shares that he would purchase from 1,000,000 shares to 940,000 shares. In April 2021 the Company returned to the Company’s CEO the $691,320 in extra proceeds that had been received earlier .

Note Payable, Net (Details)

Note Payable, Net (Details) - USD ($)	Jun. 14, 2021	Apr. 02, 2021	Dec. 04, 2020	Feb. 23, 2021	Dec. 04, 2020	Sep. 30, 2021	Jun. 30, 2021	Sep. 30, 2021	Sep. 30, 2020
Note Payable, Net (Details) [Line Items]
Debt term		24 months
Agreement, description				the Company entered into certain securities purchase agreements with several non-U.S. investors (the “Purchasers”), pursuant to which the Company agreed to sell to the Purchasers, an aggregate of up to 3,320,000 shares of common stock of the Company, at $11.522 per share, which is the five-day average closing price immediately prior to signing the Purchase Agreements. One of the purchasers is the Company’s CEO (also is the Company’s Chairman), he purchased 1,000,000 common shares of the Company. On March 11, 2021, the Company received approximately $38.25 million proceeds from the issuance of 3,320,000 shares under the securities purchase agreements, there anywhere no fees paid in connection with this financing. In April 2021, the Company’s CEO amended the number of shares that he would purchase from 1,000,000 shares to 940,000 shares; accordingly, total number of shares sold in this offering became 3,260,000 shares. The Company returned $691,320 extra proceeds that were received earlier to the Company’s CEO in April 2021. The stock certificates for these shares were issued in April 2021.
Percentage of redemption amount increased								25.00%
Interest expense								$ 56,250
Interest Expense, Debt								184,769
Amortization of OID and debt issuing costs of convertible note								$ 118,750	$ 45,833
Principal amount	$ 500,000
Exchanged and delivery of shares (in Shares)	54,348					31,250
Conversion amount	$ 2,719
Addition of increased principle amount	818,914
Note conversion	$ 818,914
Principal amount						$ 1,500,000
Loss on conversion						58,436
Promissory note		$ 5,250,000					$ (691,320)
Issue of discount amount		$ 250,000
Bears interest percentage		8.00%
Outstanding percentage		125.00%						25.00%
Redeem amount								$825,000
Amount of amortized OID						31,250		$ 208,274
Interest expense						$ 108,274
Common Stock [Member]
Note Payable, Net (Details) [Line Items]
Exchanged and delivery of shares (in Shares)							(60,000)
Delivery of shares (in Shares)						206,382		206,382
Promissory note							$ (60)
Promissory Notes in December 2020 [Member]
Note Payable, Net (Details) [Line Items]
Convertible promissory note amount			$ 3,150,000		$ 3,150,000
Original issue discount			$ 150,000		$ 150,000
Interest rate					8.00%
Debt term					24 months
Increase decrease outstanding balance, percentage					125.00%
Agreement, description			Beginning on the date that is six months from the issue date of the Note, Purchaser shall have the right to redeem any amount of this Note up to $500,000 per calendar month by providing written notice to the Company.
Interest expense						$ 57,547
Amortization of OID and debt issuing costs of convertible note						$ 18,750

Shares Issued for Equity Fina_3

Shares Issued for Equity Financing and Stock Compensation (Details) - USD ($)	Jun. 14, 2021	Apr. 02, 2021	Oct. 11, 2019	Feb. 23, 2021	Sep. 30, 2021	Jun. 30, 2021
Shares Issued for Equity Financing and Stock Compensation (Details) [Line Items]
Agreement, description				the Company entered into certain securities purchase agreements with several non-U.S. investors (the “Purchasers”), pursuant to which the Company agreed to sell to the Purchasers, an aggregate of up to 3,320,000 shares of common stock of the Company, at $11.522 per share, which is the five-day average closing price immediately prior to signing the Purchase Agreements. One of the purchasers is the Company’s CEO (also is the Company’s Chairman), he purchased 1,000,000 common shares of the Company. On March 11, 2021, the Company received approximately $38.25 million proceeds from the issuance of 3,320,000 shares under the securities purchase agreements, there anywhere no fees paid in connection with this financing. In April 2021, the Company’s CEO amended the number of shares that he would purchase from 1,000,000 shares to 940,000 shares; accordingly, total number of shares sold in this offering became 3,260,000 shares. The Company returned $691,320 extra proceeds that were received earlier to the Company’s CEO in April 2021. The stock certificates for these shares were issued in April 2021.
Company issued shares (in Shares)	54,348				31,250
Fair value of shares		$ 5,250,000				$ (691,320)
Minimum [Member]
Shares Issued for Equity Financing and Stock Compensation (Details) [Line Items]
Fair value of shares			$ 31,250
Maximum [Member]
Shares Issued for Equity Financing and Stock Compensation (Details) [Line Items]
Fair value of shares			$ 223,438

Shares Issued for Equity Fina_4

Shares Issued for Equity Financing and Stock Compensation (Details) - Schedule of warrant activity - Warrant [Member]	9 Months Ended
	Sep. 30, 2021$ / sharesshares
Shares Issued for Equity Financing and Stock Compensation (Details) - Schedule of warrant activity [Line Items]
Number of Warrants, Beginning balance \| shares	30,411
Average Exercise Price (post-reverse stock split price), Beginning balance \| $ / shares	$ 14
Weighted Average Remaining Contractual Term in Years, Beginning balance	3 years 2 months 15 days
Number of Warrants, Beginning balance, Exercisable \| shares	30,411
Average Exercise Price (post-reverse stock split price), Beginning balance, Exercisable \| $ / shares	$ 14
Weighted Average Remaining Contractual Term in Years, Beginning balance, Exercisable	3 years 2 months 15 days
Number of Warrants, Granted \| shares
Average Exercise Price (post-reverse stock split price), Granted \| $ / shares
Weighted Average Remaining Contractual Term in Years, Granted
Number of Warrants, Exchanged \| shares
Average Exercise Price (post-reverse stock split price), Exchanged \| $ / shares
Weighted Average Remaining Contractual Term in Years, Exchanged
Number of Warrants, Forfeited \| shares
Average Exercise Price (post-reverse stock split price), Forfeited \| $ / shares
Weighted Average Remaining Contractual Term in Years, Forfeited
Number of Warrants, Expired \| shares
Average Exercise Price (post-reverse stock split price), Expired \| $ / shares
Weighted Average Remaining Contractual Term in Years, Expired
Number of Warrants, Ending balance \| shares	30,411
Average Exercise Price (post-reverse stock split price), Ending balance \| $ / shares	$ 14
Weighted Average Remaining Contractual Term in Years, Ending balance	2 years 5 months 15 days
Number of Warrants, Exercisable \| shares	30,411
Average Exercise Price (post-reverse stock split price), Exercisable \| $ / shares	$ 14
Weighted Average Remaining Contractual Term in Years, Exercisable	2 years 5 months 15 days

Income Tax (Details)

Income Tax (Details) - USD ($) $ in Thousands	9 Months Ended
Income Tax (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Sep. 30, 2020
Income Tax (Details) [Line Items]
Tax rate	25.00%	25.00%
Income tax, description	The US parent company, CREG is taxed in the US and, as of September 30, 2021, had net operating loss (“NOL”) carry forwards for income taxes of $1.98 million; for federal income tax purposes, the NOL arising in tax years beginning after 2017 may only reduce 80% of a taxpayer’s taxable income, and may be carried forward indefinitely. However, the coronavirus Aid, Relief and Economic Security Act (“the CARES Act”) issued in March 2020, provides tax relief to both corporate and noncorporate taxpayers by adding a five-year carryback period and temporarily repealing the 80% limitation for NOLs arising in 2018, 2019 and 2020. The 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.
PRC [Member]
Income Tax (Details) [Line Items]
Net operating loss carry forwards (in Dollars)	$ 10,500
Percentage of deferred tax valuation allowance	100.00%

Income Tax (Details) - Schedule

Income Tax (Details) - Schedule of reconciles U.S. statutory rates to effective tax rate	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Schedule of reconciles U.S. statutory rates to effective tax rate [Abstract]
U.S. statutory rates	(21.00%)	(21.00%)	21.00%	(21.00%)
Tax rate difference – current provision	0.30%	(1.90%)	10.10%	9.80%
Prior year income tax adjustment in current year			(8.80%)
Permanent differences	35.70%	9.50%	16.10%	41.30%
Change in valuation allowance	(13.00%)	13.40%	(45.20%)	(30.10%)
Tax benefit per financial statements	2.00%		(6.70%)

Income Tax (Details) - Schedu_2

Income Tax (Details) - Schedule of provision for income tax expense - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Schedule of provision for income tax expense [Abstract]
Income tax benefit – current	$ 10,902		$ 87,051
Income tax benefit – deferred
Total income tax benefit	$ 10,902		$ 87,051

Stock-Based Compensation Plan_2

Stock-Based Compensation Plan (Details)	Jun. 19, 2015shares
Share-based Payment Arrangement [Abstract]
Shares of common stock authorized for issuance	124,626

Stock-Based Compensation Plan_3

Stock-Based Compensation Plan (Details) - Schedule of option activity with respect to employees and independent directors - Independent Directors Compensation Plan [Member]	9 Months Ended
	Sep. 30, 2021$ / sharesshares
Stock-Based Compensation Plan (Details) - Schedule of option activity with respect to employees and independent directors [Line Items]
Number of Shares, Outstanding Beginning balance \| shares	500
Average Exercise Price per Share (post-reverse stock split price), Beginning balance \| $ / shares	$ 16.1
Weighted Average Remaining Contractual Term in Years, Beginning balance	6 years 3 months 25 days
Number of Shares, Exercisable, Beginning balance \| shares	500
Average Exercise Price per Share (post-reverse stock split price), Exercisable, Beginning balance \| $ / shares	$ 16.1
Weighted Average Remaining Contractual Term in Years, Exercisable, Beginning balance	6 years 3 months 25 days
Number of Shares, Granted \| shares
Average Exercise Price per Share (post-reverse stock split price), Granted \| $ / shares
Weighted Average Remaining Contractual Term in Years, Granted
Number of Shares, Exercised \| shares
Average Exercise Price per Share (post-reverse stock split price), Exercised \| $ / shares
Weighted Average Remaining Contractual Term in Years, Exercised
Number of Shares, Forfeited / Expired \| shares
Average Exercise Price per Share (post-reverse stock split price), Forfeited / Expired \| $ / shares
Weighted Average Remaining Contractual Term in Years, Forfeited / Expired
Number of Shares, Outstanding Ending balance \| shares	500
Average Exercise Price per Share (post-reverse stock split price), Ending balance \| $ / shares	$ 16.1
Weighted Average Remaining Contractual Term in Years, Ending balance	5 years 6 months 25 days
Number of Shares, Exercisable \| shares	500
Average Exercise Price per Share (post-reverse stock split price), Exercisable \| $ / shares	$ 16.1
Weighted Average Remaining Contractual Term in Years, Exercisable	5 years 6 months 25 days

Statutory Reserves (Details)

Statutory Reserves (Details)	9 Months Ended
Statutory Reserves (Details)	Sep. 30, 2021USD ($)
Statutory Reserves (Details) [Line Items]
Transferred amount (in Dollars)	$ 19,585
statutory reverse percentage	10.00%
Statutory Surplus Reserve Fund [Member]
Statutory Reserves (Details) [Line Items]
Percentage of net income	10.00%
Statutory surplus reserve of registered capital, percentage	50.00%
Surplus reserve fund, description	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.
Common Welfare Fund [Member] \| Minimum [Member]
Statutory Reserves (Details) [Line Items]
Percentage of net income	5.00%
Common Welfare Fund [Member] \| Maximum [Member]
Statutory Reserves (Details) [Line Items]
Percentage of net income	10.00%

Statutory Reserves (Details) -

Statutory Reserves (Details) - Schedule of maximum statutory reserve amount - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Shanghai TCH [Member]
Statutory Reserves (Details) - Schedule of maximum statutory reserve amount [Line Items]
Registered Capital	$ 29,800,000,000,000
Maximum Statutory Reserve Amount	$ 14,900,000
Statutory reserve	($1,003,859)	($1,003,859)
Xi’an TCH [Member]
Statutory Reserves (Details) - Schedule of maximum statutory reserve amount [Line Items]
Registered Capital	$ 202,000,000,000,000
Maximum Statutory Reserve Amount	$ 101,000,000
Statutory reserve	($11,255,899)	($11,236,314)
Erdos TCH [Member]
Statutory Reserves (Details) - Schedule of maximum statutory reserve amount [Line Items]
Registered Capital	$ 120,000,000,000,000
Maximum Statutory Reserve Amount	$ 60,000,000
Statutory reserve	($2,914,869)	($2,914,869)
Xi’an Zhonghong [Member]
Statutory Reserves (Details) - Schedule of maximum statutory reserve amount [Line Items]
Registered Capital	$ 30,000,000,000,000
Maximum Statutory Reserve Amount	$ 15,000,000
Statutory reserve	Did not accrue yet due to accumulated deficit	Did not accrue yet due to accumulated deficit
Shaanxi Huahong [Member]
Statutory Reserves (Details) - Schedule of maximum statutory reserve amount [Line Items]
Registered Capital	$ 2,500,300,000,000
Maximum Statutory Reserve Amount	$ 1,250,150
Statutory reserve	Did not accrue yet due to accumulated deficit	Did not accrue yet due to accumulated deficit
Zhongxun [Member]
Statutory Reserves (Details) - Schedule of maximum statutory reserve amount [Line Items]
Registered Capital	$ 35,000,000,000,000
Maximum Statutory Reserve Amount	$ 17,500,000
Statutory reserve	Did not accrue yet due to accumulated deficit	Did not accrue yet due to accumulated deficit
RMB [Member] \| Shanghai TCH [Member]
Statutory Reserves (Details) - Schedule of maximum statutory reserve amount [Line Items]
Statutory reserve	6,564,303	6,564,303
RMB [Member] \| Xi’an TCH [Member]
Statutory Reserves (Details) - Schedule of maximum statutory reserve amount [Line Items]
Statutory reserve	73,827,450	73,700,706
RMB [Member] \| Erdos TCH [Member]
Statutory Reserves (Details) - Schedule of maximum statutory reserve amount [Line Items]
Statutory reserve	19,035,814	19,035,814
RMB [Member] \| Xi’an Zhonghong [Member]
Statutory Reserves (Details) - Schedule of maximum statutory reserve amount [Line Items]
Statutory reserve	Did not accrue yet due to accumulated deficit	Did not accrue yet due to accumulated deficit
RMB [Member] \| Shaanxi Huahong [Member]
Statutory Reserves (Details) - Schedule of maximum statutory reserve amount [Line Items]
Statutory reserve	Did not accrue yet due to accumulated deficit	Did not accrue yet due to accumulated deficit
RMB [Member] \| Zhongxun [Member]
Statutory Reserves (Details) - Schedule of maximum statutory reserve amount [Line Items]
Statutory reserve	Did not accrue yet due to accumulated deficit	Did not accrue yet due to accumulated deficit

Commitments (Details)

Commitments (Details)	May 02, 2021USD ($)	May 08, 2020USD ($)shares	May 08, 2020CNY (¥)shares	Oct. 10, 2019	Nov. 20, 2017USD ($)	Nov. 20, 2017CNY (¥)
Commitments (Details) [Line Items]
Lease agreement, description					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.	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.
Monthly rental payment					$ 5,600	¥ 36,536
Common stock annually \| shares		5,000	5,000
Description of engagement agreement	Under the agreement, upon the closing of the financing, the Company will pay Univest Securities, LLC (the “Underwriter” or “Univest”) a discount equal to eight percent (8%) of the gross proceeds raised in the offering, a non-accountable expense allowance equal to one percent (1%) of the gross proceeds of the offering, as well as underwriter warrants to purchase that number of shares of common stock and accompanying Warrants equal to five percent (5%) of the shares of common stock and Warrants sold in the offering, including upon exercise by the Underwriter of its over-allotment option (“Underwriter Warrants”).			the Company entered an investment banking engagement agreement with an investment banker firm to engage them as the exclusive lead underwriter for a registered securities offering of up to $20 million. The Company shall pay to the investment banker an equity retainer fee of 15,000 shares (post-reverse stock split) of the restricted Common Stock of the Company (10,000 shares was issued within 10 business days of signing the agreement, and remaining 5,000 shares will be paid upon completion of the offering). The agreement expired in March 2021.
Proceeds from public offering \| $	$ 10,000,000
Commencement period	5 years
Chief Financial Officer [Member]
Commitments (Details) [Line Items]
Monthly salary		$ (2,300)	¥ 16,000
New Lease Contract [Member]
Commitments (Details) [Line Items]
Lease agreement, description					The Company entered a new lease contract for the same location for a period from January 1, 2021 through December 31, 2023 with monthly rent of RMB 36,536 ($5,600), to be paid every half year in advance.	The Company entered a new lease contract for the same location for a period from January 1, 2021 through December 31, 2023 with monthly rent of RMB 36,536 ($5,600), to be paid every half year in advance.
Monthly rental payment					$ 5,600	¥ 36,536

Commitments (Details) - Schedul

Commitments (Details) - Schedule of lease cost - USD ($)	3 Months Ended		9 Months Ended
Commitments (Details) - Schedule of lease cost - USD ($)	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Schedule of lease cost [Abstract]
Operating lease cost – amortization of ROU	$ 15,329	$ 16,372	$ 45,299	$ 48,220
Operating lease cost – interest expense on lease liability	$ 1,610	$ 160	$ 5,513	$ 814
Weighted Average Remaining Lease Term - Operating leases	2 years 3 months	5 months 1 day	2 years 3 months	5 months 1 day
Weighted Average Discount Rate - Operating leases	5.00%	3.00%	5.00%	3.00%

Commitments (Details) - Sched_2

Commitments (Details) - Schedule of lease cost ,lease term - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Schedule of lease cost ,lease term [Abstract]
Operating lease cost – amortization of ROU	$ 15,329	$ 16,372	$ 45,299	$ 48,220
Operating lease cost – interest expense on lease liability	$ 1,610	$ 160	$ 5,513	$ 814

Commitments (Details) - Sched_3

Commitments (Details) - Schedule of maturities of the office lease liabilities	Sep. 30, 2021USD ($)
Schedule of maturities of the office lease liabilities [Abstract]
For the years ended June 30, 2022,	$ 67,604
For the years ended June 30, 2023	67,604
Total undiscounted cash flows	135,208
Less: imputed interest	(6,523)
Present value of lease liabilities	$ 128,685

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event [Member] - USD ($)	Nov. 09, 2021	Oct. 08, 2021	Oct. 25, 2021	Oct. 21, 2021
Subsequent Events (Details) [Line Items]
Promissory note	$ 250,000	$ 250,000	$ 500,000	$ 250,000
Stock issued	40,983	43,782	72,737	40,270