CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Current assets
Cash and cash equivalents	$ 1,782,395	$ 765,364
Accounts receivable, net	3,678,156	6,315,414
Inventory	4,563,132	3,548,311
Prepaid expenses	938,484	1,367,442
Assets being held for sale	0	11,170,243
Total current assets	10,962,167	23,166,774
Noncurrent assets
Fixed assets, at cost	61,997,364	60,846,824
Less accumulated depreciation	(8,918,048)	(7,818,217)
Fixed assets, net	53,079,316	53,028,607
Escrow - noncurrent restricted cash and cash equivalents	1,500,434	0
Intangible assets, net	16,520,425	16,967,985
Other assets	482,750	481,450
Total noncurrent assets	71,582,925	70,478,042
TOTAL ASSETS	82,545,092	93,644,816
Current liabilities
Accounts payable and accrued expenses	7,563,438	13,244,388
Dividends payable	373,706	376,571
Capital leases	190,703	186,948
Current portion of long-term debt, net of unamortized finance costs	8,937,054	18,118,142
Revolving note	550,457	1,744,122
Deferred revenue	1,046,681	323,891
Total current liabilities	18,662,039	33,994,062
Long-term liabilities
Long-term debt, net of unamortized finance costs	4,488,934	5,211,008
Derivative liability	3,534,924	1,548,604
Total liabilities	$ 26,685,897	$ 40,753,674
Commitments and contingencies
TEMPORARY EQUITY
Series B preferred shares, $0.001 par value per share; 10,000,000 shares authorized, 8,283,234 and 8,160,809 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively with a liquidation preference of $25,678,025 at March 31, 2016.	$ 12,718,435	$ 11,955,207
EQUITY
Common stock, $0.001 par value per share; 750,000,000 shares authorized; 29,765,702 and 28,239,276 issued and outstanding at March 31, 2016 and December 31, 2015, respectively, with 1,108,928 shares held in escrow at March 31, 2016 .	29,765	28,239
Additional paid-in capital	57,381,203	53,014,054
Accumulated deficit	(14,270,745)	(12,106,971)
Total Vertex Energy, Inc. stockholders' equity	43,140,760	40,935,935
TOTAL LIABILITIES, TEMPORARY EQUITY, AND EQUITY	82,545,092	93,644,816
Series A Preferred Stock
EQUITY
Preferred stock	493	613
Series C Preferred Stock
EQUITY
Preferred stock	$ 44	$ 0