CONTINGENT CONSIDERATION	12 Months Ended
Dec. 31, 2015
Contingent Consideration Disclosure [Abstract]
CONTINGENT CONSIDERATION	CONTINGENT CONSIDERATION As part of the consideration paid for Heartland (see Note 18), the Company has agreed to pay the seller additional earn-out consideration of up to a maximum of $8,276,792, based on total EBITDA related to the Heartland Business during the twelve month period beginning on the first day of the first full calendar month commencing on or after the first anniversary of the closing. Any qualified Contingent Payment would be payable 50% in cash and 50% in shares of the Company’s common stock. Additionally, the amount of any Contingent Payment would be reduced by two-thirds of the cumulative total of required capital expenditures incurred at Heartland’s refining facility in Columbus, Ohio, which are paid or funded by Vertex OH after the Closing, not to exceed $866,667. These capital expenditures are estimated to total $1.3 million in aggregate. As of December 31, 2015 the Company estimates, based on the current performance of Heartland and projections for all covered future periods, it is unlikely that this contingent liability/potential earn-out payments transaction with Heartland will be realized. Because of this, the $6,069,000 contingent liability that had previously been recorded on the Balance Sheet for December 31, 2014 was reversed back to income for the year ending December 31, 2015.

CONTINGENT CONSIDERATION

As part of the consideration paid for Heartland (see Note 18), the Company has agreed to pay the seller additional earn-out consideration of up to a maximum of $8,276,792, based on total EBITDA related to the Heartland Business during the twelve month period beginning on the first day of the first full calendar month commencing on or after the first anniversary of the closing. Any qualified Contingent Payment would be payable 50% in cash and 50% in shares of the Company’s common stock. Additionally, the amount of any Contingent Payment would be reduced by two-thirds of the cumulative total of required capital expenditures incurred at Heartland’s refining facility in Columbus, Ohio, which are paid or funded by Vertex OH after the Closing, not to exceed $866,667. These capital expenditures are estimated to total $1.3 million in aggregate.

As of December 31, 2015 the Company estimates, based on the current performance of Heartland and projections for all covered future periods, it is unlikely that this contingent liability/potential earn-out payments transaction with Heartland will be realized. Because of this, the $6,069,000 contingent liability that had previously been recorded on the Balance Sheet for December 31, 2014 was reversed back to income for the year ending December 31, 2015.