CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Current assets
Cash and cash equivalents	$ 458,374	$ 1,701,435
Escrow - current restricted cash	1,508,447	1,504,723
Accounts receivable, net	9,621,028	10,952,219
Inventory	4,604,679	4,357,958
Prepaid expenses	785,319	2,669,117
Total current assets	16,977,847	21,185,452
Noncurrent assets
Fixed assets, at cost	64,096,722	62,316,808
Less accumulated depreciation	(14,330,153)	(12,286,874)
Fixed assets, net	49,766,569	50,029,934
Goodwill and other intangible assets, net	15,462,495	15,252,332
Other assets	389,050	518,250
TOTAL ASSETS	82,595,961	86,985,968
Current liabilities
Accounts payable and accrued expenses	7,825,113	9,440,696
Dividends payable	418,571	504,474
Capital leases	33,953	133,153
Current portion of long-term debt, net of unamortized finance costs	1,002,159	9,649,282
Revolving note	2,835,749	2,726,039
Total current liabilities	12,115,545	22,453,644
Long-term liabilities
Long-term debt, net of unamortized finance costs	13,029,635	1,848,111
Contingent Consideration	284,410	0
Derivative liability	3,060,551	4,365,992
Total liabilities	28,490,141	28,667,747
COMMITMENTS AND CONTINGENCIES (Note 3)	0	0
EQUITY
Common stock, $0.001 par value per share; 750,000,000 shares authorized; 32,655,135 and 33,151,391 shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively, with zero and 1,108,928 shares held in escrow at June 30, 2017 and December 31, 2016, respectively.	32,655	33,151
Additional paid-in capital	67,393,536	66,534,971
Accumulated deficit	(34,735,115)	(27,958,578)
Total Vertex Energy, Inc. stockholders' equity	32,691,565	38,610,069
Non-controlling interest	164,032	103,897
Total Equity	32,855,597	38,713,966
TOTAL LIABILITIES, TEMPORARY EQUITY, AND EQUITY	82,595,961	86,985,968
Series B Preferred Stock
TEMPORARY EQUITY
Series B and B-1 preferred shares	6,449,076	5,676,467
Series B1 Preferred Stock
TEMPORARY EQUITY
Series B and B-1 preferred shares	14,801,147	13,927,788
Series A Preferred Stock
EQUITY
Preferred stock	457	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.