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CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Statement of Cash Flows [Abstract]        
Revenues $ 76,903,516 $ 46,830,647 $ 196,332,796 $ 115,196,850
Cost of revenues 72,846,322 41,945,879 178,252,434 104,287,660
Gross profit 4,057,194 4,884,768 18,080,362 10,909,190
Reduction of contingent liability (1,876,752) 0 (1,876,752) (1,850,000)
Operating expenses:        
Selling, general and administrative expenses (exclusive of acquisition related expenses) 6,801,396 2,495,748 16,464,402 7,129,673
Acquisition related expenses 259,235 0 2,819,065 0
Total operating expenses 7,060,631 2,495,748 19,283,467 7,129,673
Income (loss) from operations (1,126,685) 2,389,020 673,647 5,629,517
Other income (expense):        
Other income 109,980 0 110,357 0
Bargain purchase gain related to Omega acquisition 92,635 0 6,573,686 0
Other expense 0 (3,949) (10,866) (31,690)
Interest expense (947,325) (95,488) (1,680,371) (314,627)
Total other income (expense) (744,710) (99,437) 4,992,806 (346,317)
Income (loss) before income tax (1,871,395) 2,289,583 5,666,453 5,283,200
Income tax benefit (expense) (57,975) 40,211 (57,975) 21,460
Net income (loss) (1,929,370) 2,329,794 5,608,478 5,304,660
Net loss attributable to non-controlling interest 0 0 325,399 0
Net income (loss) attributable to Vertex Energy, Inc. $ (1,929,370) $ 2,329,794 $ 5,933,877 $ 5,304,660
Earnings (loss) per common share        
Basic (in USD per share) $ (0.08) $ 0.13 $ 0.26 $ 0.30
Diluted (in USD per share) $ (0.08) $ 0.12 $ 0.24 $ 0.27
Shares used in computing earnings per share        
Basic (shares) 25,151,660 17,715,786 23,077,914 17,402,501
Diluted (shares) 25,151,660 19,997,257 24,825,326 19,766,263