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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Revenues $ 21,374,127 $ 43,657,292 $ 57,577,556 $ 82,978,004
Cost of revenues (exclusive of depreciation and amortization shown separately below) 22,197,805 36,515,421 49,034,659 71,359,770
Gross profit (loss) (823,678) 7,141,871 8,542,897 11,618,234
Operating expenses:        
Selling, general and administrative expenses 6,030,560 6,028,859 12,731,078 11,376,600
Depreciation and amortization 1,713,461 1,780,890 3,348,008 3,517,903
Total operating expenses 7,744,021 7,809,749 16,079,086 14,894,503
Loss from operations (8,567,699) (667,878) (7,536,189) (3,276,269)
Other income (expense):        
Other income 20 1,918 100 1,918
Gain on sale of assets 12,344 29,150 12,344 31,443
Gain (loss) on change in value of derivative warrant liability (110,965) 746,017 1,587,782 (959,077)
Interest expense (222,173) (738,972) (562,259) (1,496,775)
Total other income (expense) (320,774) 38,113 1,037,967 (2,422,491)
Loss before income tax (8,888,473) (629,765) (6,498,222) (5,698,760)
Income tax benefit (expense) 0 0 0 0
Net loss (8,888,473) (629,765) (6,498,222) (5,698,760)
Net income (loss) attributable to non-controlling interest and redeemable non-controlling interest 109,165 (202,329) (289,444) (307,760)
Net loss attributable to Vertex Energy, Inc. (8,997,638) (427,436) (6,208,778) (5,391,000)
Accretion of redeemable noncontrolling interest to redemption value (1,381,889) 0 (12,348,238) 0
Accretion of discount on Series B and B1 Preferred Stock (539,235) (532,925) (1,471,238) (1,093,600)
Dividends on Series B and B1 Preferred Stock (360,217) (412,875) (704,716) (819,670)
Net loss available to common shareholders $ (11,278,979) $ (1,373,236) $ (20,732,970) $ (7,304,270)
Loss per common share        
Basic (in dollars per share) $ (0.25) $ (0.03) $ (0.46) $ (0.18)
Diluted (in dollars per share) $ (0.25) $ (0.03) $ (0.46) $ (0.18)
Shares used in computing earnings per share        
Basic (in shares) 45,554,841 40,294,870 45,463,600 40,245,671
Diluted (in shares) 45,554,841 40,294,870 45,463,600 40,245,671