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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 62,140 $ 76,967
Restricted cash 3,609 3,606
Accounts receivable, net 41,559 36,164
Inventory 198,979 182,120
Prepaid expenses and other current assets 38,673 53,174
Total current assets 344,960 352,031
Fixed assets, net 332,949 326,111
Finance lease right-of-use assets 63,524 64,499
Operating lease right-of use assets 78,802 96,394
Intangible assets, net 10,789 11,541
Other assets 4,029 4,048
TOTAL ASSETS 835,053 854,624
Current liabilities    
Accounts payable 69,796 75,004
Accrued expenses and other current liabilities 69,240 73,636
Finance lease liability-current 2,497 2,435
Operating lease liability-current 13,281 20,296
Current portion of long-term debt, net 12,524 16,362
Obligations under inventory financing agreements, net 169,656 141,093
        Total current liabilities 336,994 328,826
Long-term debt, net 177,772 170,701
Finance lease liability-long-term 65,576 66,206
Operating lease liability-long-term 64,345 74,444
Deferred tax liabilities 2,776 2,776
Derivative warrant liability 3,249 9,907
Other liabilities 1,377 1,377
Total liabilities 652,089 654,237
EQUITY    
Common stock, $0.001 par value per share; 750,000,000 shares authorized; 93,514,346 and 93,514,346 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively. 94 94
Additional paid-in capital 384,063 383,632
Accumulated deficit (205,113) (187,379)
Total Vertex Energy, Inc. shareholders' equity 179,044 196,347
Non-controlling interest 3,920 4,040
Total equity 182,964 200,387
TOTAL LIABILITIES AND EQUITY $ 835,053 $ 854,624