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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Income Statement [Abstract]        
Revenues $ 28,461,930 $ 39,262,584 $ 67,022,978 $ 126,066,634
Cost of revenues 22,462,171 34,104,949 56,001,697 115,748,581
Gross profit 5,999,759 5,157,635 11,021,281 10,318,053
Operating expenses:        
Selling, general and administrative expenses (exclusive of acquisition related expenses) 4,978,004 6,052,764 15,162,026 17,064,043
Depreciation and amortization expense 1,560,562 1,597,881 4,707,801 4,716,177
Acquisition related expenses 47,217 5,910 123,116 163,588
Total operating expenses 6,585,783 7,656,555 19,992,943 21,943,808
Loss from operations (586,024) (2,498,920) (8,971,662) (11,625,755)
Other income (expense):        
Provision for doubtful accounts 0 0 0 (2,650,000)
Interest income 1,490 11 4,452 29
Loss on sale of assets (68,799) (20,657) (115,527) (78,316)
Gain on sale of assets 0 0 9,748,561 0
Gain (loss) on change in value of derivative liability 1,065,217 818,051 724,185 2,635,033
Gain/(loss) on futures contracts (90,061) 395,430 (351,820) 395,430
Interest expense (399,545) (763,791) (2,721,056) (2,851,947)
Total other income (expense) 508,302 429,044 7,288,795 (2,549,771)
Loss before income tax (77,722) (2,069,876) (1,682,867) (14,175,526)
Income tax benefit/(expense) 0 0 117,646 (5,306,000)
Net loss (77,722) (2,069,876) (1,565,221) (19,481,526)
Net loss/(gain) attributable to non-controlling interest 30,234 0 (11,193) 0
Net loss attributable to Vertex Energy, Inc. (107,956) (2,069,876) (1,554,028) (19,481,526)
Accretion of discount on Series B and B-1 Preferred Stock (435,134) (444,899) (1,293,669) (444,899)
Accrual of dividends on Series B and B-1 Preferred Stock and retirement of a portion of Series B Preferred discount (504,474) (402,740) (6,695,506) (402,740)
Other 0 (55,056) 0 (55,056)
Net loss available to common shareholders $ (1,047,564) $ (2,972,571) $ (9,543,203) $ (20,384,221)
Loss per common share        
Basic (in USD per share) $ (0.03) $ (0.11) $ (0.32) $ (0.72)
Diluted (in USD per share) $ (0.03) $ (0.11) $ (0.32) $ (0.72)
Shares used in computing earnings per share        
Basic (shares) 30,576,485 28,198,701 29,884,836 28,165,427
Diluted (shares) 30,576,485 28,198,701 29,884,836 28,165,427