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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Income Statement [Abstract]        
Revenues $ 46,917,770 $ 36,912,779 $ 88,285,965 $ 71,683,393
Cost of revenues (exclusive of depreciation and amortization shown separately below) 36,796,258 31,466,029 71,841,409 62,167,583
Gross profit 10,121,512 5,446,750 16,444,556 9,515,810
Operating expenses:        
Selling, general and administrative expenses 5,364,591 5,359,897 11,010,033 10,589,734
Depreciation and amortization 1,733,076 1,645,030 3,427,175 3,245,090
Total operating expenses 7,097,667 7,004,927 14,437,208 13,834,824
Income (loss) from operations 3,023,845 (1,558,177) 2,007,348 (4,319,014)
Other income (expense):        
Interest income 659 2,277 659 4,229
Gain (loss) on sale of assets 8,843 (26,399) 51,523 (39,499)
Gain (loss) on change in value of derivative warrant liability 475,913 384,769 44,162 1,305,441
Interest expense (847,456) (618,448) (1,649,971) (1,954,935)
Total other income (expense) (362,041) (257,801) (1,553,627) (684,764)
Income (loss) before income tax 2,661,804 (1,815,978) 453,721 (5,003,778)
Income tax benefit (expense) 0 0 0 0
Net income (loss) 2,661,804 (1,815,978) 453,721 (5,003,778)
Net income (loss) attributable to non-controlling interest 131,736 51,528 182,275 60,136
Net income (loss) attributable to Vertex Energy, Inc. 2,530,068 (1,867,506) 271,446 (5,063,914)
Accretion of discount on Series B and B-1 Preferred Stock (470,825) (410,097) (928,678) (843,298)
Accrual of dividends on Series B and B-1 Preferred Stock (620,069) (418,571) (1,359,423) (836,208)
Net income (loss) available to common shareholders $ 1,439,174 $ (2,696,174) $ (2,016,655) $ (6,743,420)
Income (loss) per common share        
Basic (in dollars per share) $ 0.03 $ (0.08) $ (0.06) $ (0.21)
Diluted (in dollars per share) $ 0.03 $ (0.08) $ (0.06) $ (0.21)
Shares used in computing earnings per share        
Basic (in shares) 33,300,456 32,350,218 33,182,748 32,650,347
Diluted (in shares) 37,013,651 32,350,218 33,182,748 32,650,347