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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 498,219 $ 1,249,831
Restricted cash 100,007 1,600,000
Accounts receivable, net 11,500,507 9,027,990
Federal income tax receivable 205,818 137,212
Inventory 5,752,583 8,091,397
Derivative commodity asset 0 695,941
Prepaid expenses 1,494,198 2,740,541
Total current assets 19,551,332 23,542,912
Noncurrent assets    
Fixed assets, at cost 68,950,111 66,762,388
Less accumulated depreciation (22,243,716) (19,874,896)
Fixed assets, net 46,706,395 46,887,492
Finance lease right-of-use assets 957,812  
Finance lease right-of-use assets   397,515
Operating lease right-of use assets 36,911,345  
Intangible assets, net 11,666,613 12,578,519
Federal income tax receivable 68,605 137,211
Other assets 616,759 616,759
TOTAL ASSETS 116,478,861 84,160,408
Current liabilities    
Accounts payable 8,273,479 8,791,529
Accrued expenses 2,347,998 2,535,347
Dividends payable 412,875 403,002
Finance lease liability-current 210,972  
Finance lease liability-current   95,857
Operating lease liability-current 6,143,000  
Current portion of long-term debt, net of unamortized finance costs 658,971 1,325,240
Derivative commodity liability 108,557 0
Revolving note 5,079,887 3,844,636
Total current liabilities 23,235,739 16,995,611
Long-term liabilities    
Long-term debt, net of unamortized finance costs 14,000,000 14,402,179
Finance lease liability-long-term 720,602  
Finance lease liability-long-term   276,355
Operating lease liability-long-term 30,768,345  
Contingent consideration 0 15,564
Derivative warrant liability 2,440,769 1,481,692
Total liabilities 71,165,455 33,171,401
COMMITMENTS AND CONTINGENCIES (Note 3) 0 0
TEMPORARY EQUITY    
Series B and B-1 preferred shares 23,933,351 22,179,963
EQUITY    
Common stock, $0.001 par value per share; 750,000,000 shares authorized; 40,346,906 and 40,174,821 shares issued and outstanding at June 30, 2019 and December 31, 2018, respectively. 40,347 40,175
Additional paid-in capital 75,599,525 75,131,122
Accumulated deficit (55,105,156) (47,800,886)
Total Vertex Energy, Inc. stockholders' equity 20,535,136 27,370,831
Non-controlling interest 844,919 1,438,213
Total Equity 21,380,055 28,809,044
TOTAL LIABILITIES, TEMPORARY EQUITY, AND EQUITY 116,478,861 84,160,408
Series A Preferred Stock    
EQUITY    
50,000,000 of total Preferred shares authorized: Series A Convertible Preferred Stock, $0.001 par value; 5,000,000 shares designated, 419,859 and 419,859 shares issued and outstanding at March 31, 2019 and December 31, 2018, respectively with a liquidation preference of $625,590 and $625,590 at March 31, 2019 and December 31, 2018, respectively. 420 420
Series B Preferred Stock    
TEMPORARY EQUITY    
Series B and B-1 preferred shares 9,904,054 8,900,208
Series B1 Preferred Stock    
TEMPORARY EQUITY    
Series B and B-1 preferred shares $ 14,029,297 $ 13,279,755