CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Current assets
Cash and cash equivalents	$ 17,754,312	$ 4,099,655
Restricted cash	100,125	100,170
Accounts receivable, net	9,163,208	12,138,078
Federal income tax receivable	0	68,606
Inventory	3,812,752	6,547,479
Prepaid expenses and other current assets	2,499,104	4,452,920
Total current assets	33,329,501	27,406,908
Noncurrent assets
Fixed assets, at cost	70,977,927	69,469,548
Less accumulated depreciation	(26,992,136)	(24,708,151)
Fixed assets, net	43,985,791	44,761,397
Finance lease right-of-use assets	1,613,661	851,570
Operating lease right-of use assets	34,739,105	35,586,885
Intangible assets, net	10,363,179	11,243,800
Deferred income taxes	0	68,605
Other assets	1,219,301	840,754
TOTAL ASSETS	125,250,538	120,759,919
Current liabilities
Accounts payable	8,373,449	7,620,098
Accrued expenses	2,950,439	5,016,132
Dividends payable	360,203	389,176
Finance lease liability-current	450,835	217,164
Operating lease liability-current	6,004,500	5,885,304
Current portion of long-term debt, net of unamortized finance costs	2,814,306	2,017,345
Derivative commodity liability	538,297	375,850
Revolving note	0	3,276,230
Total current liabilities	21,492,029	24,797,299
Long-term liabilities
Long-term debt, net of unamortized finance costs	7,440,308	12,433,000
Finance lease liability-long-term	1,103,231	610,450
Operating lease liability-long-term	28,734,605	29,701,581
Derivative warrant liability	381,434	1,969,216
Total liabilities	59,151,607	69,511,546
COMMITMENTS AND CONTINGENCIES (Note 3)	0	0
TEMPORARY EQUITY
Series B and B-1 preferred shares	50,920,307	28,146,347
Redeemable non-controlling interest	28,334,401	4,396,894
EQUITY
Common stock, $0.001 par value per share; 750,000,000 shares authorized; 45,554,841 and 43,395,563 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively.	45,555	43,396
Additional paid-in capital	94,233,371	81,527,351
Accumulated deficit	(79,979,484)	(59,246,514)
Total Vertex Energy, Inc. stockholders' equity	14,299,862	22,324,653
Non-controlling interest	878,762	777,373
Total Equity	15,178,624	23,102,026
TOTAL LIABILITIES, TEMPORARY EQUITY, AND EQUITY	125,250,538	120,759,919
Series B Preferred Stock
TEMPORARY EQUITY
Series B and B-1 preferred shares	12,219,282	11,006,406
Series B1 Preferred Stock
TEMPORARY EQUITY
Series B and B-1 preferred shares	10,366,624	12,743,047
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 June 30, 2020 and December 31, 2019, respectively with a liquidation preference of $625,590 and $625,590 at June 30, 2020 and December 31, 2019, respectively.	420	420
Series C 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 June 30, 2020 and December 31, 2019, respectively with a liquidation preference of $625,590 and $625,590 at June 30, 2020 and December 31, 2019, respectively.	$ 0	$ 0