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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 141,258,000 $ 36,130,000
Restricted cash 4,929,000 100,497,000
Accounts receivable, net 34,548,000 7,607,000
Inventory 135,473,000 7,839,000
Derivative commodity asset 0 96,000
Prepaid expenses and other current assets 36,660,000 4,595,000
Assets held for sale 20,560,000 8,852,000
Total current assets 373,428,000 165,616,000
Fixed assets, net 201,749,000 36,131,000
Finance lease right-of-use assets, net 44,081,000 377,000
Operating lease right-of-use assets, net 53,557,000 33,105,000
Intangible assets, net 11,827,000 6,652,000
Deferred tax assets 2,498,000 0
Other assets 2,245,000 15,335,000
Assets held for sale, noncurrent 0 8,844,000
Total non-current assets 315,957,000 100,444,000
TOTAL ASSETS 689,385,000 266,060,000
Current liabilities    
Accounts payable 20,997,000 10,149,000
Accrued expenses 81,711,000 4,399,000
Finance lease-current 1,363,000 598,000
Operating lease-current 9,012,000 5,721,000
Current portion of long-term debt, net 13,911,000 2,414,000
Obligations under inventory financing agreements, net 117,939,000 0
Derivative commodity liability 242,000 0
Liabilities held for sale, current 3,424,000 2,502,000
Total current liabilities 248,599,000 25,783,000
Long-term debt, net 170,010,000 64,130,000
Finance lease-non-current 45,164,000 0
Operating lease-non-current 44,545,000 27,384,000
Derivative warrant liability 14,270,000 75,211,000
Other liabilities 1,377,000 0
Liabilities held for sale, noncurrent 0 39,000
Total liabilities 523,965,000 192,547,000
COMMITMENTS AND CONTINGENCIES (Note 4) 0 0
TEMPORARY EQUITY    
Redeemable non-controlling interest 0 43,447,000
Total temporary equity $ 0 43,447,000
Preferred stock, shares authorized (in shares) 50,000,000  
EQUITY    
Common stock, $0.001 par value per share; 750,000,000 shares authorized; 75,668,826 and 63,287,965 issued and outstanding at December 31, 2022 and 2021, respectively. $ 76,000 63,000
Additional paid-in capital 279,552,000 138,620,000
Accumulated deficit (115,893,000) (110,614,000)
Total Vertex Energy, Inc. stockholders' equity 163,735,000 28,069,000
Non-controlling interest 1,685,000 1,997,000
Total equity 165,420,000 30,066,000
TOTAL LIABILITIES, TEMPORARY EQUITY AND EQUITY $ 689,385,000 $ 266,060,000
Series B Preferred Stock    
TEMPORARY EQUITY    
Preferred stock, shares authorized (in shares) 10,000,000  
Series B1 Preferred Stock    
TEMPORARY EQUITY    
Preferred stock, shares authorized (in shares) 17,000,000  
Series A Preferred    
TEMPORARY EQUITY    
Preferred stock, shares authorized (in shares) 5,000,000 5,000,000
EQUITY    
Series A Convertible Preferred stock, $0.001 par value; 5,000,000 shares authorized and 0 and 385,601 shares issued and outstanding at December 31, 2022 and 2021, respectively, with a liquidation preference of $— and $575 thousand at December 31, 2022 and December 31, 2021, respectively. $ 0 $ 0