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CONSOLIDATED BALANCE SHEETS (unaudited) (USD $)
Mar. 31, 2014
Dec. 31, 2013
Current assets    
Cash and cash equivalents $ 5,016,444 $ 2,678,628
Accounts receivable, net 11,417,226 11,714,813
Inventory 7,554,364 8,540,459
Prepaid expenses 1,470,755 1,161,721
Total current assets 25,458,789 24,095,621
Noncurrent assets    
Fixed assets, net 15,476,237 15,091,176
Intangible assets, net 14,835,694 15,172,816
Goodwill 4,922,353 4,502,743
Deferred federal income taxes 5,684,000 5,684,000
Total noncurrent assets 40,918,284 40,450,735
TOTAL ASSETS 66,377,073 64,546,356
Current liabilities    
Accounts payable and accrued expenses 15,288,497 14,096,185
Current portion of long-term debt 2,845,145 1,956,847
Total current liabilities 18,133,642 16,053,032
Long-term liabilities    
Long-term debt 6,210,138 6,558,851
Contingent consideration 3,220,250 3,220,250
Deferred federal income tax 378,000 378,000
Total liabilities 27,942,030 26,210,133
Commitments and contingencies      
EQUITY    
Preferred stock, $0.001 par value per share: 50,000,000 shares authorized Series A Convertible Preferred stock, $0.001 par value, 5,000,000 authorized and 1,279,342 and 1,319,002 issued and outstanding at March 31, 2014 and December 31, 2013, respectively 1,279 1,319
Common stock, $0.001 par value per share; 750,000,000 shares authorized; 21,267,658 and 21,205,609 issued and outstanding at March 31, 2014 and December 31, 2013, respectively 21,268 21,206
Additional paid-in capital 19,882,694 19,579,732
Retained earnings 18,404,169 17,542,004
Total Vertex Energy, Inc. stockholders' equity 38,309,410 37,144,261
Non-controlling interest 125,633 1,191,962
Total equity 38,435,043 38,336,223
TOTAL LIABILITIES AND EQUITY $ 66,377,073 $ 64,546,356