ACQUISITION (Tables)

9 Months Ended

Sep. 30, 2014

Summary of Purchase Price Allocation, Fair Value

The following information summarizes the allocation of the fair values assigned to the assets at the purchase date. The allocation of fair values are preliminary and are subject to change in the future during the measurement period.



	(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	(7,670		)
Gain on purchase	(6,574		)
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, 2014. The pro forma results do not report actual results that would have occurred had the merger taken place on January 1, 2014, nor do they necessarily suggest future operating results



	Nine Months Ended September 30,
	2014		2013
Revenues	$	234,957,949	$	221,836,815
Income from operations	1,478,186		8,047,532

Net income	6,216,035		7,329,101

Net loss attributable to non-controlling interest	325,399		—

Net income attributable to Vertex Energy, Inc.	$	6,541,434	$	7,329,101

Earnings per common share
Basic	$0.28		$0.42
Diluted	$0.26		$0.37