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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Sep. 30, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 2,303,725 $ 1,249,831
Restricted cash 100,088 1,600,000
Accounts receivable, net 10,405,711 9,027,990
Federal income tax receivable 205,818 137,212
Inventory 5,878,408 8,091,397
Derivative commodity asset 0 695,941
Prepaid expenses 6,534,981 2,740,541
Total current assets 25,428,731 23,542,912
Noncurrent assets    
Fixed assets, at cost 69,437,842 66,762,388
Less accumulated depreciation (23,550,224) (19,874,896)
Fixed assets, net 45,887,618 46,887,492
Finance lease right-of-use assets 904,691  
Finance lease right-of-use assets   397,515
Operating lease right-of use assets 36,242,861  
Intangible assets, net 11,590,876 12,578,519
Federal income tax receivable 68,605 137,211
Other assets 616,759 616,759
TOTAL ASSETS 120,740,141 84,160,408
Current liabilities    
Accounts payable 7,745,380 8,791,529
Accrued expenses 2,275,006 2,535,347
Dividends payable 419,082 403,002
Finance lease liability-current 214,045  
Finance lease liability-current   95,857
Operating lease liability-current 6,005,502  
Current portion of long-term debt, net of unamortized finance costs 2,794,624 1,325,240
Derivative commodity liability 1,510,573 0
Revolving note 5,387,639 3,844,636
Total current liabilities 26,351,851 16,995,611
Long-term liabilities    
Long-term debt, net of unamortized finance costs 12,658,000 14,402,179
Finance lease liability-long-term 665,926  
Finance lease liability-long-term   276,355
Operating lease liability-long-term 30,237,359  
Contingent consideration 0 15,564
Derivative warrant liability 1,149,977 1,481,692
Total liabilities 71,063,113 33,171,401
COMMITMENTS AND CONTINGENCIES (Note 3) 0 0
TEMPORARY EQUITY    
Series B and B-1 preferred shares 28,897,014 22,179,963
Redeemable non-controlling interest 4,000,000 0
EQUITY    
Common stock, $0.001 par value per share; 750,000,000 shares authorized; 41,849,406 and 40,174,821 shares issued and outstanding at September 30, 2019 and December 31, 2018, respectively. 41,850 40,175
Additional paid-in capital 79,719,745 75,131,122
Accumulated deficit (59,788,939) (47,800,886)
Total Vertex Energy, Inc. stockholders' equity 19,973,076 27,370,831
Non-controlling interest 806,938 1,438,213
Total Equity 20,780,014 28,809,044
TOTAL LIABILITIES, TEMPORARY EQUITY, AND EQUITY 120,740,141 84,160,408
Series B Preferred Stock    
TEMPORARY EQUITY    
Series B and B-1 preferred shares 10,442,193 8,900,208
Series B1 Preferred Stock    
TEMPORARY EQUITY    
Series B and B-1 preferred shares 14,454,821 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 September 30, 2019 and December 31, 2018, respectively with a liquidation preference of $625,590 and $625,590 at September 30, 2019 and December 31, 2018, respectively. $ 420 $ 420