ACQUISITIONS (Tables)

6 Months Ended

Jun. 30, 2014

Business Combinations [Abstract]

Summary of Purchase Price Allocation, Fair Value

	(in thousands)
Cash and cash equivalents	$	406
Accounts receivable	950
Inventory	4,192
Prepaid expenses	71
Property, plant and equipment	30,000
Deposits	400
Bango secured note issued to Vertex	8,308
Technology	2,287
Non-compete agreements	66
Total identifiable net assets	$	46,680
Less liabilities assumed, including contingent consideration	(7,763		)
Gain on purchase	(6,481		)
Total purchase price	$	32,436

Schedule of Pro-Forma Information

The following schedule contains pro forma results from operations as if the acquisition had occurred on January 1, 2013. The pro forma results do not report actual results that would have occurred had the merger taken place on January 1, 2013 nor do they necessarily suggest future operating results.

	Three Months Ended June 30,				Six Months Ended June 30,
	2014		2013		2014		2013
Revenues	$	79,747,665	$	68,597,653	$	127,097,323	$	140,850,582
Income from operations	498,141		335,135		1,454,728		3,899,588
Net income	6,284,339		116,145		7,165,485		3,346,949
Net loss attributable to non-controlling interest	344,380		—		325,399		—
Net income attributable to Vertex Energy, Inc.	$	6,628,719	$	116,145	$	7,490,884	$	3,346,949
Earnings  per common share
Basic	$	0.29	$	0.01	$	0.34	$	0.19
Diluted	$	0.27	$	0.01	$	0.31	$	0.17