ACQUISITIONS (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of Fair Values at Purchase Date

The following information summarizes the allocation of the fair values assigned to the assets at the purchase date:



Cash and cash equivalents	$	406,000
Accounts receivable	950,000
Inventory	4,192,000
Prepaid expenses	71,000
Property, plant and equipment	30,000,000
Deposits	400,000
Bango secured note issued by Vertex	8,308,000
Technology	2,287,000
Non-compete agreements	66,000
Total identifiable net assets	$	46,680,000
Less liabilities assumed, including contingent consideration	(7,670,000		)
Gain on purchase	(6,574,000		)
Total purchase price	$	32,436,000

Schedule of the Cost of Intangible Assets related to acquisitions

The following table summarizes the cost of amortizable intangible assets related to the Omega acquisition:

Schedule of Unaudited Pro-Forma Consolidated Results of Operations

The following schedule contains actual consolidated results of operations for the year ended December 31, 2015 and pro-forma results for the year ended December 31, 2014 as if the acquisition occurred on January 1, 2014. The pro-forma results of operations are presented for informational purposes only and are not indicative of the results of operations that would have been achieved if the acquisition had taken place on January 1, 2014, or of results that may occur in the future:



	December 31,
		2014
		As Reported			Pro Forma
Revenue		$	258,904,867		$	297,530,020
Income (loss) from operations		(10,494,621		)	(9,690,082		)
Net income (loss)		(5,871,642		)	(5,264,085		)
Net income (loss) attributable to non-controlling interests		325,399			325,399
Net income (loss) attributable to Vertex Energy, Inc.		$	(5,546,243	)	$	(4,938,686	)
Earnings (loss) per common share-Basic		$	(0.23	)	$	(0.21	)
Earnings (loss) per common share-Diluted		$	(0.23	)	$	(0.21	)

Heartland Group Holdings, LLC

Business Acquisition [Line Items]

Schedule of Fair Values at Purchase Date

The following information summarizes the allocation of the fair values assigned to the assets at the purchase date:



Inventory	$	2,248,000
Property, plant and equipment	7,543,000
Customer relationships	352,000
Vendor relationships	1,876,000
Tradename	363,000
Total identifiable net assets	$	12,382,000
Gain on purchase	(375,000		)
Total purchase price	$	12,007,000

Schedule of the Cost of Intangible Assets related to acquisitions

The following table summarizes the cost of amortizable intangible assets related to the Heartland acquisition:



	Estimated Cost		Useful life (years)
Customer relations	$	352,000	9
Vendor relationships	1,876,000		10
Tradename	363,000		15
Total	$	2,591,000

Schedule of Unaudited Pro-Forma Consolidated Results of Operations

The following schedule contains pro-forma consolidated results of operations for the years ended December 31, 2015 and 2014 as if the acquisition occurred on January 1, 2014. The pro forma results of operations are presented for informational purposes only and are not indicative of the results of operations that would have been achieved if the acquisition had taken place on January 1, 2014 or of results that may occur in the future:



	Twelve Months Ended December
	2015			2014
	As Reported			As Reported			Pro Forma
Revenue	$	146,942,461		$	258,904,867		$	285,631,001
Income (loss) from operations	(14,093,041		)	(10,494,621		)	(15,221,616		)
Net income (loss)	(22,516,889		)	(5,871,642		)	(10,844,700		)
Net income (loss) attributable to non-controlling interests	—			325,399			325,399
Net income (loss) attributable to Vertex Energy, Inc.	$	(22,516,889	)	$	(5,546,243	)	$	(10,519,301	)
Earnings (loss) per common share-Basic	$	(0.86	)	$	(0.23	)	$	(0.44	)
Earnings (loss) per common share-Diluted	$	(0.86	)	$	(0.23	)	$	(0.44	)

Estimated Cost

Useful life
(years)

Non-competes

Technology