CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Current assets
Cash and cash equivalents	$ 6,596	$ 1,701,435
Escrow - current restricted cash	1,506,675	1,504,723
Accounts receivable, net	7,017,873	10,952,219
Inventory	4,739,939	4,357,958
Prepaid expenses	1,395,345	2,669,117
Total current assets	14,666,428	21,185,452
Noncurrent assets
Fixed assets, at cost	63,318,634	62,316,808
Less accumulated depreciation	(13,421,992)	(12,286,874)
Fixed assets, net	49,896,642	50,029,934
Intangible assets, net	15,133,428	15,252,332
Other assets	771,250	518,250
TOTAL ASSETS	80,467,748	86,985,968
Current liabilities
Accounts payable and accrued expenses	8,118,326	9,440,696
Dividends payable	415,330	504,474
Capital leases	84,046	133,153
Current portion of long-term debt, net of unamortized finance costs	1,255,787	9,649,282
Revolving note	907,295	2,726,039
Total current liabilities	10,780,784	22,453,644
Long-term liabilities
Long-term debt, net of unamortized finance costs	10,873,343	1,848,111
Derivative liability	3,445,320	4,365,992
Total liabilities	25,099,447	28,667,747
COMMITMENTS AND CONTINGENCIES (Note 3)	0	0
EQUITY
Common stock, $0.001 par value per share; 750,000,000 shares authorized; 32,149,099 and 33,151,391 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively, with zero and 1,108,928 shares held in escrow at March 31, 2017 and December 31, 2016, respectively.	32,149	33,151
Additional paid-in capital	66,837,299	66,534,971
Accumulated deficit	(32,038,942)	(27,958,578)
Total Vertex Energy, Inc. stockholders' equity	34,831,001	38,610,069
Non-controlling interest	112,504	103,897
Total Equity	34,943,505	38,713,966
TOTAL LIABILITIES, TEMPORARY EQUITY, AND EQUITY	80,467,748	86,985,968
Series B Preferred Stock
TEMPORARY EQUITY
Series B and B-1 preferred shares	6,097,610	5,676,467
Series B1 Preferred Stock
TEMPORARY EQUITY
Series B and B-1 preferred shares	14,327,186	13,927,788
Series A Preferred Stock
EQUITY
Preferred stock	463	493
Series C Preferred Stock
EQUITY
Preferred stock	$ 32	$ 32

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

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Period Type:	instant

- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.