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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Income Statement [Abstract]        
Revenues $ 50,632,948 $ 32,470,451 $ 138,918,913 $ 104,153,844
Cost of revenues (exclusive of depreciation and amortization shown separately below) 42,593,367 28,696,461 114,434,776 90,864,044
Gross profit 8,039,581 3,773,990 24,484,137 13,289,800
Operating expenses:        
Selling, general and administrative expenses 5,658,659 5,690,761 16,668,692 16,280,495
Depreciation and amortization 1,806,839 1,697,821 5,234,014 4,942,911
Total operating expenses 7,465,498 7,388,582 21,902,706 21,223,406
Income (loss) from operations 574,083 (3,614,592) 2,581,431 (7,933,606)
Other income (expense):        
Interest income 0 1,519 659 5,748
Gain (loss) on sale of assets 0 25,693 51,523 (13,806)
Gain (loss) on change in value of derivative warrant liability (2,169,133) 1,371,461 (2,124,971) 2,676,902
Interest expense (798,800) (733,459) (2,448,771) (2,688,394)
Total other income (expense) (2,967,933) 665,214 (4,521,560) (19,550)
Income (loss) before income tax (2,393,850) (2,949,378) (1,940,129) (7,953,156)
Income tax benefit (expense) 0 0 0 0
Net income (loss) (2,393,850) (2,949,378) (1,940,129) (7,953,156)
Net income (loss) attributable to non-controlling interest (105,970) 34,554 76,305 94,690
Net income (loss) attributable to Vertex Energy, Inc. (2,287,880) (2,983,932) (2,016,434) (8,047,846)
Accretion of discount on Series B and B-1 Preferred Stock (515,698) (424,480) (1,444,376) (1,267,778)
Accrual of dividends on Series B and B-1 Preferred Stock (1,831,794) (420,713) (3,191,217) (1,256,921)
Net income (loss) available to common shareholders $ (4,635,372) $ (3,829,125) $ (6,652,027) $ (10,572,545)
Income (loss) per common share        
Basic (in dollars per share) $ (0.13) $ (0.12) $ (0.20) $ (0.32)
Diluted (in dollars per share) $ (0.13) $ (0.12) $ (0.20) $ (0.32)
Shares used in computing earnings per share        
Basic (in shares) 35,144,113 32,655,135 33,843,721 32,651,961
Diluted (in shares) 35,144,113 32,655,135 33,843,721 32,651,961