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CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 24,050,252 $ 36,129,941
Restricted cash 100,496,998 100,496,998
Accounts receivable, net 5,957,642 5,296,867
Inventory 13,052,840 3,735,878
Derivative commodity asset 363,590 95,980
Prepaid expenses and other current assets 6,719,497 4,279,732
Assets held for sale, current 90,474,740 84,116,152
Total current assets 241,115,559 234,151,548
Noncurrent assets    
Fixed assets, at cost 13,773,860 13,811,835
Less accumulated depreciation (2,113,315) (2,045,241)
Fixed assets, net 11,660,545 11,766,594
Operating lease right-of use assets 4,891,254 5,011,454
Intangible assets, net 331,965 358,881
Other assets 22,498,249 14,771,642
TOTAL ASSETS 280,497,572 266,060,119
Current liabilities    
Accounts payable 12,023,382 4,216,275
Accrued expenses 2,864,643 3,617,902
Finance lease liability-current 263,065 302,166
Operating lease liability-current 959,573 959,573
Current portion of long-term debt 1,047,081 2,413,295
Liabilities held for sale, current 41,696,760 37,644,312
        Total current liabilities 58,854,504 49,153,523
Liabilities Noncurrent    
Long-term debt 104,777 114,480
Convertible senior unsecured note 2027, net 65,786,685 64,015,929
Operating lease liability-long-term 3,931,681 4,051,881
Derivative warrant liability 0 75,210,525
Total liabilities 128,677,647 192,546,338
COMMITMENTS AND CONTINGENCIES (Note 3) 0 0
TEMPORARY EQUITY    
Redeemable non-controlling interest 47,636,617 43,446,684
Series B and B-1 preferred shares 47,636,617 43,446,684
EQUITY    
Common stock, $0.001 par value per share; 750,000,000 shares authorized; 64,465,734 and 63,287,965 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively. 64,466 63,288
Additional paid-in capital 217,734,093 138,620,254
Accumulated deficit (115,582,890) (110,614,035)
Total Vertex Energy, Inc. shareholders' equity 102,216,050 28,069,893
Non-controlling interest 1,967,258 1,997,204
Total equity 104,183,308 30,067,097
TOTAL LIABILITIES, TEMPORARY EQUITY, AND EQUITY 280,497,572 266,060,119
Series A Preferred Stock    
EQUITY    
Series A and C Preferred stock 381 386
Series C Preferred Stock    
EQUITY    
Series A and C Preferred stock $ 0 $ 0