CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Current assets
Cash and cash equivalents	$ 16,295,062	$ 4,099,655
Restricted cash	100,134	100,170
Accounts receivable, net	9,853,500	12,138,078
Federal income tax receivable	137,211	68,606
Inventory	4,435,020	6,547,479
Derivative commodity asset	805,796	0
Prepaid expenses and other current assets	2,130,463	4,452,920
Total current assets	33,757,186	27,406,908
Noncurrent assets
Fixed assets, at cost	69,911,728	69,469,548
Less accumulated depreciation	(25,833,624)	(24,708,151)
Fixed assets, net	44,078,104	44,761,397
Finance lease right-of-use assets	798,449	851,570
Operating lease right-of use assets	35,126,827	35,586,885
Intangible assets, net	10,837,076	11,243,800
Deferred income taxes	0	68,605
Other assets	928,005	840,754
TOTAL ASSETS	125,525,647	120,759,919
Current liabilities
Accounts payable	6,016,951	7,620,098
Accrued expenses	1,746,542	5,016,132
Dividends payable	344,485	389,176
Finance lease liability-current	219,121	217,164
Operating lease liability-current	5,864,534	5,885,304
Current portion of long-term debt, net of unamortized finance costs	1,191,293	2,017,345
Derivative commodity liability	0	375,850
Revolving note	0	3,276,230
Total current liabilities	15,382,926	24,797,299
Long-term liabilities
Long-term debt, net of unamortized finance costs	5,208,000	12,433,000
Finance lease liability-long-term	555,375	610,450
Operating lease liability-long-term	29,262,293	29,701,581
Derivative warrant liability	270,469	1,969,216
Total liabilities	50,679,063	69,511,546
COMMITMENTS AND CONTINGENCIES (Note 3)	0	0
TEMPORARY EQUITY
Series B and B-1 preferred shares	48,527,641	28,146,347
Redeemable non-controlling interest	26,825,469	4,396,894
EQUITY
Common stock, $0.001 par value per share; 750,000,000 shares authorized; 45,554,841 and 43,395,563 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively.	45,555	43,396
Additional paid-in capital	94,076,832	81,527,351
Accumulated deficit	(68,700,505)	(59,246,514)
Total Vertex Energy, Inc. stockholders' equity	25,422,302	22,324,653
Non-controlling interest	896,641	777,373
Total Equity	26,318,943	23,102,026
TOTAL LIABILITIES, TEMPORARY EQUITY, AND EQUITY	125,525,647	120,759,919
Series B Preferred Stock
TEMPORARY EQUITY
Series B and B-1 preferred shares	11,598,216	11,006,406
Series B1 Preferred Stock
TEMPORARY EQUITY
Series B and B-1 preferred shares	10,103,956	12,743,047
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 September 30, 2019 and December 31, 2018, respectively with a liquidation preference of $625,590 and $625,590 at September 30, 2019 and December 31, 2018, respectively.	420	420
Series C 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 September 30, 2019 and December 31, 2018, respectively with a liquidation preference of $625,590 and $625,590 at September 30, 2019 and December 31, 2018, respectively.	$ 0	$ 0