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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
Revenues $ 37,799,259 $ 50,632,948 $ 120,777,263 $ 138,918,913
Cost of revenues (exclusive of depreciation and amortization shown separately below) 32,372,316 42,593,367 103,732,086 114,434,776
Gross profit 5,426,943 8,039,581 17,045,177 24,484,137
Operating expenses:        
Selling, general and administrative expenses 6,153,184 5,658,659 17,529,784 16,668,692
Depreciation and amortization 1,815,582 1,806,839 5,333,485 5,234,014
Total operating expenses 7,968,766 7,465,498 22,863,269 21,902,706
Income (loss) from operations (2,541,823) 574,083 (5,818,092) 2,581,431
Other income (expense):        
Other income 918,153 0 920,071 659
Gain on sale of assets 0 0 31,443 51,523
Gain (loss) on change in value of derivative warrant liability 1,290,792 (2,169,133) 331,715 (2,124,971)
Interest expense (826,005) (798,800) (2,322,780) (2,448,771)
Total other income (expense) 1,382,940 (2,967,933) (1,039,551) (4,521,560)
Loss before income tax (1,158,883) (2,393,850) (6,857,643) (1,940,129)
Income tax benefit (expense) 0 0 0 0
Net loss (1,158,883) (2,393,850) (6,857,643) (1,940,129)
Net loss attributable to non-controlling interest and redeemable non-controlling interest (67,102) (105,970) (374,862) 76,305
Net loss attributable to Vertex Energy, Inc. (1,091,781) (2,287,880) (6,482,781) (2,016,434)
Accretion of redeemable noncontrolling interest to redemption value (1,849,930) 0 (1,849,930) 0
Accretion of discount on Series B and B1 Preferred Stock (550,774) (1,152,968) (1,644,374) (2,351,472)
Dividends on Series B and B1 Preferred Stock (419,096) (1,194,524) (1,238,766) (2,284,121)
Net loss available to common shareholders $ (3,911,581) $ (4,635,372) $ (11,215,851) $ (6,652,027)
Loss per common share        
Basic (in dollars per share) $ (0.09) $ (0.13) $ (0.28) $ (0.20)
Diluted (in dollars per share) $ (0.09) $ (0.13) $ (0.28) $ (0.20)
Shares used in computing earnings per share        
Basic (in shares) 41,376,335 35,144,113 40,626,700 33,843,721
Diluted (in shares) 41,376,335 35,144,113 40,626,700 33,843,721