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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Revenues $ 37,383,632 $ 37,799,259 $ 94,961,188 $ 120,777,263
Cost of revenues (exclusive of depreciation and amortization shown separately below) 31,186,684 32,372,316 80,221,343 103,732,086
Depreciation and amortization attributable to costs of revenues 1,313,162 1,359,629 3,731,320 3,965,626
Gross profit 4,883,786 4,067,314 11,008,525 13,079,551
Operating expenses:        
Selling, general and administrative expenses 6,241,570 6,153,184 18,972,648 17,529,784
Depreciation and amortization attributable to operating expenses 482,869 455,953 1,412,719 1,367,859
Total operating expenses 6,724,439 6,609,137 20,385,367 18,897,643
Loss from operations (1,840,653) (2,541,823) (9,376,842) (5,818,092)
Other income (expense):        
Other income 1 918,153 101 920,071
Gain (loss) on sale of assets (136,434) 0 (124,090) 31,443
Gain on change in value of derivative warrant liability 256,587 1,290,792 1,844,369 331,715
Interest expense (234,671) (826,005) (796,930) (2,322,780)
Total other income (expense) (114,517) 1,382,940 923,450 (1,039,551)
Loss before income taxes (1,955,170) (1,158,883) (8,453,392) (6,857,643)
Income tax benefit (expense) 0 0 0 0
Net loss (1,955,170) (1,158,883) (8,453,392) (6,857,643)
Net income (loss) attributable to non-controlling interest and redeemable non-controlling interest 480,215 (67,102) 190,771 (374,862)
Net loss attributable to Vertex Energy, Inc. (2,435,385) (1,091,781) (8,644,163) (6,482,781)
Accretion of redeemable noncontrolling interest to redemption value (1,287,559) (1,849,930) (13,635,797) (1,849,930)
Accretion of discount on Series B and B1 Preferred Stock (29,157) (550,774) (1,500,395) (1,644,374)
Dividends on Series B and B1 Preferred Stock (591,777) (419,096) (1,296,493) (1,238,766)
Net loss available to common shareholders $ (4,343,878) $ (3,911,581) $ (25,076,848) $ (11,215,851)
Loss per common share        
Basic (in dollars per share) $ (0.10) $ (0.09) $ (0.55) $ (0.28)
Diluted (in dollars per share) $ (0.10) $ (0.09) $ (0.55) $ (0.28)
Shares used in computing earnings per share        
Basic (in shares) 45,554,841 41,376,335 45,494,235 40,626,700
Diluted (in shares) 45,554,841 41,376,335 45,494,235 40,626,700