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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Income Statement [Abstract]        
Revenues $ 39,262,584 $ 76,903,516 $ 126,066,634 $ 196,332,796
Cost of revenues 34,104,949 73,761,171 115,748,581 179,949,373
Gross profit 5,157,635 3,142,345 10,318,053 16,383,423
Reduction of contingent consideration 0 (1,876,752) 0 (1,876,752)
Operating expenses:        
Selling, general and administrative expenses (exclusive of acquisition related expenses) 6,052,764 4,706,104 17,064,043 11,786,070
Depreciation and amortization expense 1,597,881 1,180,443 4,716,177 2,981,393
Acquisition related expenses 5,910 259,235 163,588 2,819,065
Total operating expenses 7,656,555 6,145,782 21,943,808 17,586,528
Income (loss) from operations (2,498,920) (1,126,685) (11,625,755) 673,647
Other income (expense):        
Provision for doubtful accounts 0 0 (2,650,000) 0
Other income 11 109,980 29 110,357
Gain on bargain purchase 0 92,635 0 6,573,686
Other income (expense) (20,657) 0 (78,316) (10,866)
Gain on change in value of derivative liability 818,051 0 2,635,033 0
Gain on futures contracts 395,430 0 395,430 0
Interest expense (763,791) (947,325) (2,851,947) (1,680,371)
Total other income (expense) 429,044 (744,710) (2,549,771) 4,992,806
Income (loss) before income tax (2,069,876) (1,871,395) (14,175,526) 5,666,453
Income tax expense 0 (57,975) (5,306,000) (57,975)
Net income (loss) (2,069,876) (1,929,370) (19,481,526) 5,608,478
Net income (loss) attributable to non-controlling interest 0 0 0 325,399
Net income (loss) attributable to Vertex Energy, Inc. (2,069,876) (1,929,370) (19,481,526) 5,933,877
Less: accretion of discount on series B (444,899) 0 (444,899) 0
Less: accrual of dividend on series B (402,740) 0 (402,740) 0
Less: other (55,056) 0 (55,056) 0
Net income (loss) available to common shareholders $ (2,972,571) $ (1,929,370) $ (20,384,221) $ 5,933,877
Earnings (loss) per common share        
Basic (in USD per share) $ (0.11) $ (0.08) $ (0.72) $ 0.26
Diluted (in USD per share) $ (0.11) $ (0.08) $ (0.72) $ 0.24
Shares used in computing earnings per share        
Basic (shares) 28,198,701 25,151,660 28,165,427 23,077,914
Diluted (shares) 28,198,701 25,151,660 28,165,427 24,825,326