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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Revenues $ 65,194,911 $ 21,374,127 $ 123,278,904 $ 57,577,556
Cost of revenues (exclusive of depreciation and amortization shown separately below) 52,904,991 22,197,805 96,251,265 49,034,659
Depreciation and amortization attributable to costs of revenues 1,393,350 1,239,564 2,741,170 2,415,986
Gross profit (loss) 10,896,570 (2,063,242) 24,286,469 6,126,911
Operating expenses:        
Selling, general and administrative expenses 8,825,940 6,030,560 16,752,520 12,731,078
Depreciation and amortization attributable to operating expenses 482,869 473,897 965,738 932,033
Total operating expenses 9,308,809 6,504,457 17,718,258 13,663,111
Income (loss) from operations 1,587,761 (8,567,699) 6,568,211 (7,536,200)
Other income (expense):        
Other income 4,222,000 20 4,222,000 100
Gain on sale of assets 0 12,344 1,424 12,344
Loss on change in value of derivative warrant liability (21,507,332) (110,965) (23,287,535) 1,587,782
Interest expense (259,091) (222,173) (495,424) (562,259)
Total other income (expense) (17,544,423) (320,774) (19,559,535) 1,037,967
Loss before income tax (15,956,662) (8,888,473) (12,991,324) (6,498,233)
Income tax benefit (expense) 0 0 0 0
Net loss (15,956,662) (8,888,473) (12,991,324) (6,498,233)
Net income (loss) attributable to non-controlling interest and redeemable non-controlling interest 3,417,907 109,165 5,408,876 (289,444)
Net loss attributable to Vertex Energy, Inc. (19,374,569) (8,997,638) (18,400,200) (6,208,789)
Accretion of redeemable noncontrolling interest to redemption value (388,245) (1,381,889) (761,993) (12,348,238)
Accretion of discount on Series B and B1 Preferred Stock (283,555) (539,235) (507,282) (1,471,238)
Dividends on Series B and B1 Preferred Stock 0 (360,217) 258,138 (704,716)
Net loss available to common shareholders $ (20,046,369) $ (11,278,979) $ (19,411,337) $ (20,732,981)
Loss per common share        
Basic (in dollars per share) $ (0.38) $ (0.25) $ (0.39) $ (0.46)
Diluted (in dollars per share) $ (0.38) $ (0.25) $ (0.39) $ (0.46)
Shares used in computing earnings per share        
Basic (in shares) 52,683,012 45,554,841 50,209,970 45,463,600
Diluted (in shares) 52,683,012 45,554,841 50,209,970 45,463,600