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CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Statement of Cash Flows [Abstract]        
Revenues $ 72,079,622 $ 35,111,402 $ 119,429,280 $ 68,366,204
Cost of revenues 63,200,942 32,556,738 105,406,112 62,341,782
Gross profit 8,878,680 2,554,664 14,023,168 6,024,422
Reduction of contingent liability 0 (1,850,000) 0 (1,850,000)
Operating expenses:        
Selling, general and administrative expenses (exclusive of acquisition related expenses) 6,075,517 2,395,745 9,663,006 4,653,829
Acquisition related expenses 1,959,418 0 2,559,830 0
Total operating expenses 8,034,935 2,395,745 12,222,836 4,653,829
Income from operations 843,745 2,008,919 1,800,332 3,220,593
Other income (expense)        
Other income 7 7,598 377 32,888
Bargain purchase gain related to Omega acquisition 6,481,051 0 6,481,051 0
Other expense (10,866) 0 (10,866) (40,726)
Interest expense (657,235) (112,999) (733,046) (219,139)
Total other income (expense) 5,812,957 (105,401) 5,737,516 (226,977)
Income before income tax 6,656,702 1,903,518 7,537,848 2,993,616
Income tax benefit (expense) 0 (12,248) 0 (18,751)
Net income 6,656,702 1,891,270 7,537,848 2,974,865
Net income attributable to non-controlling interest 344,380 0 325,399 0
Net income attributable to Vertex Energy, Inc. $ 7,001,082 $ 1,891,270 $ 7,863,247 $ 2,974,865
Earnings per common share        
Basic (in USD per share) $ 0.31 $ 0.11 $ 0.36 $ 0.17
Diluted (in USD per share) $ 0.28 $ 0.10 $ 0.33 $ 0.15
Shares used in computing earnings per share        
Basic (shares) 22,826,102 17,409,034 22,025,316 17,243,762
Diluted (shares) 24,847,456 19,887,288 23,879,500 19,798,989