XML 81 R84.htm IDEA: XBRL DOCUMENT v2.4.1.9
SUBSEQUENT EVENTS (Details 2) (USD $)
0 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended 0 Months Ended
Mar. 27, 2015
Mar. 26, 2015
Jun. 30, 2015
Jun. 30, 2015
Dec. 31, 2016
Jun. 30, 2016
Dec. 31, 2015
Dec. 31, 2017
Jan. 07, 2015
payment
Mar. 31, 2015
Secured debt | Subsequent event                    
Subsequent Event [Line Items]                    
Qualified accounts advance rate 85.00%vtnr_DebtInstrumentAdvanceRateQualifiedAccounts
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= us-gaap_SubsequentEventMember
                 
Eligible inventory advance rate 50.00%vtnr_DebtInstrumentAdvanceRateEligibleInventory
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= us-gaap_SecuredDebtMember
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
                 
The Second Amendment | Secured debt | Subsequent event                    
Subsequent Event [Line Items]                    
Note payable, monthly principal payments not required under new credit agreement     $ 800,000us-gaap_DebtInstrumentPeriodicPaymentPrincipal
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Prepayment required before June 30, 2015   9,100,000vtnr_DebtInstrumentAmendmentTermsMandatoryPrepaymentAmount
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Prepayment terms, percentage of the extend total consolidated debt exceeds total consolidated EBITDA   100.00%vtnr_DebtInstrumentPrepaymentTermsPercentageTotalConsolidatedDebtExceedsTotalConsolidatedEBITDA
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Annual payments for administration fees (including $50,000 upon entry into Second Amendment)   50,000vtnr_DebtInstrumentAmendmentTermsPaymentsforAdministrationFees
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Prepayment amount, in addition to required amount   6,000,000vtnr_DebtInstrumentAmendmentTermsMandatoryPrepaymentAmountAdditionalAmount
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MidCap Loan Agreement | Secured debt | Subsequent event                    
Subsequent Event [Line Items]                    
Qualified accounts advance rate 53.00%vtnr_DebtInstrumentAdvanceRateQualifiedAccounts
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Eligible inventory advance rate 31.00%vtnr_DebtInstrumentAdvanceRateEligibleInventory
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/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
/ us-gaap_SubsequentEventTypeAxis
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Qualified accounts, advance rate reduction per percentage point 1.00%vtnr_DebtInstrumentAdvanceRateReductionQualifiedAccounts
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Qualified accounts, advance rate reduction, calculation threshold 3.00%vtnr_DebtInstrumentAdvanceRateReductionQualifiedAccountsCalculationThreshold
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Long-term debt 500,000us-gaap_LongTermDebt
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                1,350,000us-gaap_LongTermDebt
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= us-gaap_SecuredDebtMember
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= us-gaap_SubsequentEventMember
Non-refundable fee, percentage of credit limit 0.75%vtnr_LineofCreditFacilityFeePercentageofCreditLimit
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= us-gaap_SecuredDebtMember
/ us-gaap_SubsequentEventTypeAxis
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Line of credit, maximum borrowing capacity 7,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
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/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
                 
Non-refundable fee per credit agreement 52,500vtnr_LineofCreditFacilityAdditionalFee
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/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
                 
Collateral monitoring charge, percentage 0.20%vtnr_LineofCreditFacilityCollateralMonitoringChargePercentage
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Placement fee, percentage of credit limit 0.50%vtnr_LineofCreditFacilityPlacementFeePercentageofCreditLimit
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Covenant terms, available capacity, minimum percentage of credit limit 10.00%vtnr_LineofCreditFacilityCovenantTermsAvailableCapacityMinimumPercentageofCreditLimit
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/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
                 
Covenant terms, minimum borrowing capacity 700,000vtnr_LineofCreditFacilityCovenantTermsMinimumBorrowingCapacity
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/ us-gaap_LongtermDebtTypeAxis
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/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
                 
Default events, judgment against company 250,000vtnr_DebtInstrumentDefaultEventsJudgmentObtainedAgainstCompany
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Default events, judgment appeal period 30 days                  
Default events, maximum time period to appoint interim successor 10 days                  
Default events, maximum time period to appoint permanent successor 60 days                  
Minimum written termination notice 60 days                  
Termination fee 70,000vtnr_DebtInstrumentTerminationFee
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/ us-gaap_SubsequentEventTypeAxis
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Effective interest rate 1.75%us-gaap_DebtInstrumentInterestRateEffectivePercentage
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/ us-gaap_LongtermDebtTypeAxis
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Minimum average daily loan balance 3,000,000vtnr_DebtInstrumentMinimumAverageDailyLoanBalance
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Maximum | Secured debt | Subsequent event                    
Subsequent Event [Line Items]                    
Default interest rate   2.00%vtnr_DebtInstrumentDebtDefaultInterestRate
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/ us-gaap_RangeAxis
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Maximum | The Second Amendment | Secured debt | Subsequent event                    
Subsequent Event [Line Items]                    
Interest rate increase   2.00%us-gaap_DebtInstrumentInterestRateIncreaseDecrease
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= us-gaap_SubsequentEventMember
               
Default interest rate   4.00%vtnr_DebtInstrumentDebtDefaultInterestRate
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= us-gaap_SecuredDebtMember
/ us-gaap_RangeAxis
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/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
               
Prepayment required before June 30, 2015   15,100,000vtnr_DebtInstrumentAmendmentTermsMandatoryPrepaymentAmount
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= vtnr_TheSecondAmendmentMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
               
Additional borrowing capacity   7,000,000vtnr_LineofCreditFacilityAdditionalBorrowingCapacity
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= vtnr_TheSecondAmendmentMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
/ us-gaap_RangeAxis
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/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
               
Maximum | MidCap Loan Agreement | Secured debt | Subsequent event                    
Subsequent Event [Line Items]                    
Additional borrowing capacity   6,000,000vtnr_LineofCreditFacilityAdditionalBorrowingCapacity
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= us-gaap_SecuredDebtMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
               
Collateral monitoring charge 3,000,000us-gaap_LineOfCreditFacilityCollateralFeesAmount
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= vtnr_MidCapLoanAgreementMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
/ us-gaap_RangeAxis
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= us-gaap_SubsequentEventMember
                 
Minimum | The Second Amendment | Secured debt | Subsequent event                    
Subsequent Event [Line Items]                    
Prepayment required before June 30, 2015   9,100,000vtnr_DebtInstrumentAmendmentTermsMandatoryPrepaymentAmount
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= us-gaap_SubsequentEventMember
               
Minimum | MidCap Loan Agreement | Secured debt | Subsequent event                    
Subsequent Event [Line Items]                    
Agreed upon amount of loan 7,000,000vtnr_DebtInstrumentExpectedAmount
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Agreed upon amount of loan, percentage of accounts receivable 85.00%vtnr_DebtInstrumentExpectedAmountPercentageofAccountsReceivable
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Additional agreed upon loan amount 3,000,000vtnr_DebtInstrumentAdditionalExpectedAmount
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/ us-gaap_RangeAxis
= us-gaap_MinimumMember
/ us-gaap_SubsequentEventTypeAxis
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Forecast | The Second Amendment                    
Subsequent Event [Line Items]                    
Amendment terms, mandatory amount of cash and available borrowings       750,000vtnr_DebtInstrumentAmendmentTermsCashandAvailableBorrowingsMandatoryAmount
/ us-gaap_DebtInstrumentAxis
= vtnr_TheSecondAmendmentMember
/ us-gaap_StatementScenarioAxis
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2,500,000vtnr_DebtInstrumentAmendmentTermsCashandAvailableBorrowingsMandatoryAmount
/ us-gaap_DebtInstrumentAxis
= vtnr_TheSecondAmendmentMember
/ us-gaap_StatementScenarioAxis
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2,000,000vtnr_DebtInstrumentAmendmentTermsCashandAvailableBorrowingsMandatoryAmount
/ us-gaap_DebtInstrumentAxis
= vtnr_TheSecondAmendmentMember
/ us-gaap_StatementScenarioAxis
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1,500,000.0vtnr_DebtInstrumentAmendmentTermsCashandAvailableBorrowingsMandatoryAmount
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= vtnr_TheSecondAmendmentMember
/ us-gaap_StatementScenarioAxis
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3,000,000vtnr_DebtInstrumentAmendmentTermsCashandAvailableBorrowingsMandatoryAmount
/ us-gaap_DebtInstrumentAxis
= vtnr_TheSecondAmendmentMember
/ us-gaap_StatementScenarioAxis
= us-gaap_ScenarioForecastMember
   
Lender Warrant | The Second Amendment | Secured debt | Subsequent event                    
Subsequent Event [Line Items]                    
Period to obtain effectiveness of registration statement   90 days                
Period to obtain effectiveness of registration statement if SEC performs review   120 days                
Damages owed if deadline not met for registration statement, period one   90 days                
Damages owed if deadline not met for registration statement, period two   120 days                
Damages owed, period interval (pro rata if less than)   30 days                
Damages owed if deadlines are not met, percentage of exercise price   1.00%vtnr_RegistrationStatementDamageTermsPercentageofExercisePrice
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/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
               
Effective registration suspension period   30 days                
Effective registration, annual number of suspension days   45 days                
Damage terms, damages payable period (pro rata if less than)   30 days                
Registration statement, maximum length of suspension, without consent   90 days                
Lender Warrant | Minimum | The Second Amendment | Secured debt | Subsequent event                    
Subsequent Event [Line Items]                    
Exercise price of warrants (in USD per share)   $ 3.395828553vtnr_ClassofWarrantorRightExercisePriceofWarrants
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/ us-gaap_DebtInstrumentAxis
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/ us-gaap_RangeAxis
= us-gaap_MinimumMember
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
               
Lender Warrant | Common Stock | The Second Amendment | Secured debt | Subsequent event                    
Subsequent Event [Line Items]                    
Number of securities called by each warrant   1,766,874us-gaap_ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
/ us-gaap_ClassOfWarrantOrRightAxis
= vtnr_LenderWarrantMember
/ us-gaap_DebtInstrumentAxis
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/ us-gaap_LongtermDebtTypeAxis
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/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonStockMember
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
               
Raw materials and finished goods | Minimum | MidCap Loan Agreement | Secured debt | Subsequent event                    
Subsequent Event [Line Items]                    
Additional agreed upon loan amount, percentage of inventory 50.00%vtnr_DebtInstrumentAdditionalExpectedAmountPercentageofInventory
/ us-gaap_DebtInstrumentAxis
= vtnr_MidCapLoanAgreementMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
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/ us-gaap_RangeAxis
= us-gaap_MinimumMember
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
                 
MidCap | MidCap Loan Agreement | Secured debt | Subsequent event                    
Subsequent Event [Line Items]                    
Default events, maximum indebtedness threshold 250,000vtnr_DebtInstrumentDefaultEventsAcceleratedDebtThreshold
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= vtnr_MidCapLoanAgreementMember
/ us-gaap_LineOfCreditFacilityAxis
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/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
                 
E-Source Holdings, LLC | Texas Citizens Bank | Secured debt | Subsequent event                    
Subsequent Event [Line Items]                    
Long-term debt                 2,201,372us-gaap_LongTermDebt
/ us-gaap_DebtInstrumentAxis
= vtnr_TexasCitizensBankLoanMember
/ dei_LegalEntityAxis
= vtnr_ESourceHoldingsLLCMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
 
Effective interest rate                 5.50%us-gaap_DebtInstrumentInterestRateEffectivePercentage
/ us-gaap_DebtInstrumentAxis
= vtnr_TexasCitizensBankLoanMember
/ dei_LegalEntityAxis
= vtnr_ESourceHoldingsLLCMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
 
Number of monthly loan payments                 59vtnr_DebtInstrumentPaymentTermsNumberofPayments
/ us-gaap_DebtInstrumentAxis
= vtnr_TexasCitizensBankLoanMember
/ dei_LegalEntityAxis
= vtnr_ESourceHoldingsLLCMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
 
Interest and principal payment (monthly)                 $ 42,126us-gaap_DebtInstrumentPeriodicPayment
/ us-gaap_DebtInstrumentAxis
= vtnr_TexasCitizensBankLoanMember
/ dei_LegalEntityAxis
= vtnr_ESourceHoldingsLLCMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember