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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 1,676,808 $ 1,249,831
Restricted cash 100,000 1,600,000
Accounts receivable, net 13,707,165 9,027,990
Federal income tax receivable 205,818 137,212
Inventory 6,270,756 8,091,397
Derivative commodity asset 449,803 695,941
Prepaid expenses 1,711,191 2,740,541
Total current assets 24,121,541 23,542,912
Noncurrent assets    
Fixed assets, at cost 67,444,801 66,762,388
Less accumulated depreciation (21,049,108) (19,874,896)
Fixed assets, net 46,395,693 46,887,492
Finance lease right-of-use assets 375,444  
Finance lease right-of-use assets   397,515
Operating lease right-of use assets 37,155,474  
Intangible assets, net 12,122,566 12,578,519
Federal income tax receivable 68,605 137,211
Other assets 618,759 616,759
TOTAL ASSETS 120,858,082 84,160,408
Current liabilities    
Accounts payable 10,151,021 8,791,529
Accrued expenses 2,126,661 2,535,347
Dividends payable 406,796 403,002
Finance lease liability-current 97,432  
Finance lease liability-current   95,857
Operating lease liability-current 5,898,402  
Current portion of long-term debt, net of unamortized finance costs 15,037,158 1,325,240
Revolving note 6,370,510 3,844,636
Total current liabilities 40,087,980 16,995,611
Long-term liabilities    
Long-term debt, net of unamortized finance costs 0 14,402,179
Finance lease liability-long-term 251,398  
Finance lease liability-long-term   276,355
Operating lease liability-long-term 31,257,072  
Contingent consideration 15,564 15,564
Derivative warrant liability 3,186,786 1,481,692
Total liabilities 74,798,800 33,171,401
COMMITMENTS AND CONTINGENCIES (Note 3) 0 0
TEMPORARY EQUITY    
Series B and B-1 preferred shares 22,993,630 22,179,963
EQUITY    
Common stock, $0.001 par value per share; 750,000,000 shares authorized; 40,270,981 and 40,174,821 shares issued and outstanding at March 31, 2019 and December 31, 2018, respectively. 40,271 40,175
Additional paid-in capital 75,424,099 75,131,122
Accumulated deficit (53,731,920) (47,800,886)
Total Vertex Energy, Inc. stockholders' equity 21,732,870 27,370,831
Non-controlling interest 1,332,782 1,438,213
Total Equity 23,065,652 28,809,044
TOTAL LIABILITIES, TEMPORARY EQUITY, AND EQUITY 120,858,082 84,160,408
Series B Preferred Stock    
TEMPORARY EQUITY    
Series B and B-1 preferred shares 9,390,521 8,900,208
Series B1 Preferred Stock    
TEMPORARY EQUITY    
Series B and B-1 preferred shares 13,603,109 13,279,755
Series A Preferred Stock    
EQUITY    
50,000,000 of total Preferred shares authorized: Series A Convertible Preferred Stock, $0.001 par value; 5,000,000 shares designated, 419,859 and 419,859 shares issued and outstanding at March 31, 2019 and December 31, 2018, respectively with a liquidation preference of $625,590 and $625,590 at March 31, 2019 and December 31, 2018, respectively. $ 420 $ 420