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CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 14,966,612 $ 10,895,044
Restricted cash 100,125 100,125
Accounts receivable, net 18,379,672 11,138,933
Accounts receivable, other 170,075 0
Inventory 8,869,840 4,439,839
Prepaid expenses and other current assets 1,324,816 3,211,448
Total current assets 43,811,140 29,785,389
Noncurrent assets    
Fixed assets, at cost 78,549,353 75,777,552
Less accumulated depreciation (31,865,623) (29,337,036)
Fixed assets, net 46,683,730 46,440,516
Finance lease right-of-use assets 1,328,739 1,536,711
Operating lease right-of use assets 33,141,878 33,315,876
Intangible assets, net 8,431,703 9,397,441
Other assets 1,711,036 1,624,025
TOTAL ASSETS 135,108,226 122,099,958
Current liabilities    
Accounts payable 15,383,088 10,484,911
Accrued expenses 2,175,449 2,053,106
Dividends payable 0 606,550
Finance lease liability-current 511,121 496,231
Operating lease liability-current 5,540,226 5,614,785
Current portion of long-term debt, net of unamortized finance costs 6,215,145 4,367,169
Revolving note 1,165,183 133,446
Derivative commodity liability 8,707 94,214
        Total current liabilities 30,998,919 23,850,412
Long-term liabilities    
Long-term debt, net of unamortized finance costs 133,709 7,981,496
Finance lease liability-long-term 678,547 945,612
Operating lease liability-long-term 27,601,652 27,701,091
Derivative warrant liability 20,164,443 330,412
Total liabilities 79,577,270 60,809,023
COMMITMENTS AND CONTINGENCIES (Note 3) 0 0
TEMPORARY EQUITY    
Series B and B-1 preferred shares 37,027,813 55,366,186
Redeemable non-controlling interest 37,027,813 31,611,674
EQUITY    
Common stock, $0.001 par value per share; 750,000,000 shares authorized; 59,909,219 and 45,554,841 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively. 59,909 45,555
Additional paid-in capital 125,803,839 94,569,674
Accumulated deficit (109,420,115) (90,008,778)
Total Vertex Energy, Inc. stockholders' equity 16,444,025 4,606,871
Non-controlling interest 2,059,118 1,317,878
Total equity 18,503,143 5,924,749
TOTAL LIABILITIES, TEMPORARY EQUITY, AND EQUITY 135,108,226 122,099,958
Series B Preferred Stock    
TEMPORARY EQUITY    
Series B and B-1 preferred shares 0 12,718,339
Series B1 Preferred Stock    
TEMPORARY EQUITY    
Series B and B-1 preferred shares 0 11,036,173
Series A Preferred Stock    
EQUITY    
Series A and C Preferred stock 392 420
Series C Preferred Stock    
EQUITY    
Series A and C Preferred stock $ 0 $ 0