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CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 12,112,577 $ 10,895,044
Restricted cash 100,125 100,125
Accounts receivable, net 5,796,484 4,858,847
Inventory 2,402,126 1,458,288
Prepaid expenses and other current assets 5,062,889 1,942,137
Assets held for sale, current 87,670,167 10,530,947
Total current assets 113,144,368 29,785,388
Noncurrent assets    
Fixed assets, at cost 16,508,660 15,495,562
Less accumulated depreciation (1,926,886) (1,573,025)
Fixed assets, net 14,581,774 13,922,537
Finance lease right-of-use assets 14,842 18,100
Operating lease right-of use assets 4,850,112 4,734,497
Intangible assets, net 385,798 466,546
Other assets 11,708,732 1,008,733
Assets held for sale, noncurrent 0 72,164,157
TOTAL ASSETS 144,685,626 122,099,958
Current liabilities    
Accounts payable 5,673,876 2,419,543
Accrued expenses 2,185,282 980,233
Dividends payable 0 606,550
Liabilities held for sale, current 38,765,716 14,342,808
Finance lease liability-current 346,322 122,702
Operating lease liability-current 872,694 783,747
Current portion of long-term debt, net of unamortized finance costs 14,398,267 4,367,169
Revolving note 0 133,446
Derivative commodity liability 155,929 94,214
        Total current liabilities 62,398,086 23,850,412
Long-term liabilities    
Long-term debt, net of unamortized finance costs 124,124 7,981,496
Finance lease liability-long-term 0 315,513
Operating lease liability-long-term 3,977,418 3,950,750
Liabilities held for sale, noncurrent 0 24,380,440
Derivative warrant liability 1,072,620 330,412
Total liabilities 67,572,248 60,809,023
COMMITMENTS AND CONTINGENCIES (Note 3) 0 0
TEMPORARY EQUITY    
Series B and B-1 preferred shares 39,771,408 55,366,186
Redeemable non-controlling interest 39,771,408 31,611,674
EQUITY    
Common stock, $0.001 par value per share; 750,000,000 shares authorized; 63,003,766 and 45,554,841 shares issued and outstanding at September 30, 2021 and December 31, 2020, respectively. 63,004 45,555
Additional paid-in capital 136,905,764 94,569,674
Accumulated deficit (101,475,299) (90,008,778)
Total Vertex Energy, Inc. stockholders' equity 35,493,855 4,606,871
Non-controlling interest 1,848,115 1,317,878
Total equity 37,341,970 5,924,749
TOTAL LIABILITIES, TEMPORARY EQUITY, AND EQUITY 144,685,626 122,099,958
Series B Preferred Stock    
TEMPORARY EQUITY    
Series B and B-1 preferred shares 0 12,718,339
Series B1 Preferred Stock    
TEMPORARY EQUITY    
Series B and B-1 preferred shares 0 11,036,173
Series A Preferred Stock    
EQUITY    
Series A and C Preferred stock 386 420
Series C Preferred Stock    
EQUITY    
Series A and C Preferred stock $ 0 $ 0