SEC Comment Letter for Smart Powerr Corp. (CREG) (CIK 0000721693) (CREG) — Feb 9, 2011
Smart Powerr Corp. (CREG) (CIK 0000721693)
Date: Feb. 9, 2011 · CIK: 0000721693 · Accession: 0000000000-11-008697
AI Filing Summary & Sentiment
Reasoning
Referenced dates: January 4, 2011
Letter
February 9, 2011 Guohua Ku Chief Executive Officer China Recycling Energy Corporation 12/F, Tower A, Chang An International Building No. 88 Nan Guan Zheng Jie Xi An City, Shan Xi Province, China 710068
Re: China Recycling Energy Corporation Form 10-K for the Fiscal Year Ended December 31, 2009 Filed March 16, 2010 File No. 1-34625
Dear Mr. Ku: We have reviewed your response letter da ted January 31, 2011 and have the following comment. In our comment, we may ask you to pr ovide us with information so we may better understand your disclosure. Please respond to this letter within ten business days by amending your filing, by providing the requested information, or by advi sing us when you will provide the requested response. If you do not believe our comment applies to your fact s and circumstances or do not believe an amendment is appropriate, pl ease tell us why in your response. After reviewing any amendment to your filing and the information you provide in response to this comment, we may have additional comments. Form 10-K for Fiscal Year Ended December 31, 2009
Item 8. Financial Statements and Supplementary Data, page 26
Consolidated Statements of Cash Flows, page 30
1. We reviewed your response to comment one in our letter dated January 4, 2011, which indicates that revised consolidated statements of cash flows are attached to the response. However, we are unable to locate the re vised statements in submitted correspondence files. Please submit the revised statements as correspondence so that we are able to review your proposed revisions. In addition, please tell us whether you plan to restate your statements of cash flows pr esented in the filing and in subsequently filed quarterly reports on Form 10-Q. If so, tell how you inte nd to disclose the restatements. If not,
Guohua Ku China Recycling Energy Corporation February 9, 2011 Page 2
please explain the quantitative and qualitative reasons why a restatement is not necessary. Refer to SAB Topics 1:M and 1:N.
You may contact Adam Phippen at (202) 551- 3336 if you have any questions. In his absence you may contact me at (202) 551-3344. Sincerely, /s/ William H. Thompson
William H. Thompson A c c o u n t i n g B r a n c h C h i e f
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February 9, 2011
Guohua Ku Chief Executive Officer China Recycling Energy Corporation 12/F, Tower A, Chang An International Building No. 88 Nan Guan Zheng Jie Xi An City, Shan Xi Province, China 710068
Re: China Recycling Energy Corporation
Form 10-K for the Fiscal Year Ended December 31, 2009 Filed March 16, 2010 File No. 1-34625
Dear Mr. Ku:
We have reviewed your response letter da ted January 31, 2011 and have the following
comment. In our comment, we may ask you to pr ovide us with information so we may better
understand your disclosure.
Please respond to this letter within ten business days by amending your filing, by
providing the requested information, or by advi sing us when you will provide the requested
response. If you do not believe our comment applies to your fact s and circumstances or do not
believe an amendment is appropriate, pl ease tell us why in your response.
After reviewing any amendment to your filing and the information you provide in
response to this comment, we may have additional comments.
Form 10-K for Fiscal Year Ended December 31, 2009
Item 8. Financial Statements and Supplementary Data, page 26
Consolidated Statements of Cash Flows, page 30
1. We reviewed your response to comment one in our letter dated January 4, 2011, which
indicates that revised consolidated statements of cash flows are attached to the response.
However, we are unable to locate the re vised statements in submitted correspondence
files. Please submit the revised statements as correspondence so that we are able to review your proposed revisions. In addition, please tell us whether you plan to restate
your statements of cash flows pr esented in the filing and in subsequently filed quarterly
reports on Form 10-Q. If so, tell how you inte nd to disclose the restatements. If not,
Guohua Ku
China Recycling Energy Corporation February 9, 2011 Page 2
please explain the quantitative and qualitative reasons why a restatement is not necessary.
Refer to SAB Topics 1:M and 1:N.
You may contact Adam Phippen at (202) 551- 3336 if you have any questions. In his
absence you may contact me at (202) 551-3344.
Sincerely, /s/ William H. Thompson
William H. Thompson
A c c o u n t i n g B r a n c h C h i e f