CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Current assets
Cash and cash equivalents	$ 5,717,543	$ 6,017,076
Accounts receivable, net	13,033,513	9,936,948
Current portion of notes receivable	1,000,000	3,150,000
Inventory	9,088,290	12,620,616
Prepaid expenses	2,803,310	1,245,307
Costs in excess of billings	0	779,285
Total current assets	31,642,656	33,749,232
Noncurrent assets
Fixed assets, at cost	61,032,202	59,919,721
Less accumulated depreciation	(5,739,802)	(3,758,373)
Net fixed assets	55,292,400	56,161,348
Notes receivable	8,308,000	8,308,000
Intangible assets, net	17,640,950	18,512,960
Goodwill	4,922,353	4,922,353
Deferred financing cost. net	1,942,880	2,191,888
Deferred federal income tax	0	9,495,000
Other assets	481,450	481,450
Total noncurrent assets	88,588,033	100,072,999
TOTAL ASSETS	120,230,689	133,822,231
Current liabilities
Accounts payable and accrued expenses	21,143,784	21,984,136
Capital leases	408,145	492,755
Current portion of long-term debt	4,387,831	40,136,584
Revolving note	1,815,795	0
Deferred revenue	524,923	463,210
Total current liabilities	28,280,478	63,076,685
Long-term liabilities
Long-term debt	22,555,893	1,867,574
Derivative liability	5,211,085	0
Contingent consideration	6,069,000	6,069,000
Deferred federal income tax	0	4,189,000
Total liabilities	$ 62,116,456	$ 75,202,259
Commitments and contingencies
Series B Preferred shares, $0.001 par value per share: 10,000,000 shares authorized, 8,064,534 and 0 shares issued and outstanding at June 30, 2015 and December 31, 2014, respectively with a liquidation preference of $25,025,000 at June 30, 2015	$ 10,791,675	$ 0
EQUITY
Preferred stock, $0.001 par value per share: 50,000,000 shares authorized Series A Convertible Preferred stock, $0.001 par value, 5,000,000 authorized and 612,943 and 630,419 issued and outstanding at June 30, 2015 and December 31, 2014, respectively	613	630
Common stock, $0.001 par value per share; 750,000,000 shares authorized; 28,181,761 and 28,108,105 issued and outstanding at June 30, 2015 and December 31, 2014, respectively	28,182	28,109
Additional paid-in capital	52,709,652	46,595,472
Retained earnings (accumulated deficit)	(5,415,889)	11,995,761
Total Vertex Energy, Inc. stockholders' equity	$ 47,322,558	58,619,972
TOTAL LIABILITIES, CONVERTIBLE PREFERRED STOCK, AND EQUITY		$ 133,822,231