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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Income Statement [Abstract]        
Revenues $ 28,974,471 $ 16,249,312 $ 84,823,476 $ 30,460,606
Cost of revenues (exclusive of depreciation and amortization shown separately below) 28,061,498 15,324,914 79,319,678 28,598,874
Depreciation and amortization attributable to costs of revenues 126,795 115,562 358,905 327,672
Gross profit 786,178 808,836 5,144,893 1,534,060
Operating expenses:        
Selling, general and administrative expenses 4,944,719 1,832,067 12,111,951 6,044,050
Depreciation and amortization attributable to operating expenses 26,916 28,002 80,748 48,118
Total operating expenses 4,971,635 1,860,069 12,192,699 6,092,168
Loss from operations (4,185,457) (1,051,233) (7,047,806) (4,558,108)
Other income (expense):        
Other income 0 0 4,222,000 0
Loss on sale of assets (3,351) (136,434) (1,927) (124,090)
Gain (loss) on change in value of derivative warrant liability 11,907,413 256,587 (11,380,122) 1,844,369
Interest expense (352,587) (97,157) (603,398) (291,933)
Total other income (expense) 11,551,475 22,996 (7,763,447) 1,428,346
Income (loss) from continuing operations before income tax 7,366,018 (1,028,237) (14,811,253) (3,129,762)
Income tax benefit (expense) 0 0 0 0
Income (loss) from continuing operations 7,366,018 (1,028,237) (14,811,253) (3,129,762)
Income (loss) from discontinued operations, net of tax 3,278,498 (926,933) 12,464,445 (5,323,630)
Net income (loss) 10,644,516 (1,955,170) (2,346,808) (8,453,392)
Net income (loss) attributable to non-controlling interest and redeemable non-controlling interest from continuing operations (115,131) 136,334 510,618 155,322
Net income (loss) attributable to non-controlling interest and redeemable non-controlling interest from discontinued operations 2,400,141 343,881 7,183,268 35,449
Net income (loss) attributable to Vertex Energy, Inc. 8,359,506 (2,435,385) (10,040,694) (8,644,163)
Accretion of redeemable noncontrolling interest to redemption value from continued operations (414,690) (1,287,559) (1,176,683) (13,635,797)
Accretion of discount on Series B and B1 Preferred Stock 0 (29,157) (507,282) (1,500,395)
Dividends on Series B and B1 Preferred Stock 0 (591,777) 258,138 (1,296,493)
Net income (loss) available to shareholders from continuing operations 7,066,459 (3,073,064) (16,747,698) (19,717,769)
Net income (loss) available to shareholders from discontinued operations, net of tax 878,357 (1,270,814) 5,281,177 (5,359,079)
Net income (loss) available to common shareholders $ 7,944,816 $ (4,343,878) $ (11,466,521) $ (25,076,848)
Basic income (loss) per common share        
Continuing operations (in dollars per share) $ 0.12 $ (0.07) $ (0.31) $ (0.43)
Discontinued operations, net of tax (in dollars per share) 0.01 (0.03) 0.10 (0.12)
Basic income (loss) per common share (in dollars per share) 0.13 (0.10) (0.21) (0.55)
Diluted income (loss) per common share        
Continuing operations (in dollars per share) 0.11 (0.07) (0.31) (0.43)
Discontinued operations, net of tax (in dollars per share) 0.01 (0.03) 0.10 (0.12)
Diluted income (loss) per common share (in dollars per share) $ 0.12 $ (0.10) $ (0.21) $ (0.55)
Shares used in computing earnings per share        
Basic (in shares) 61,348,508 45,554,841 53,963,617 45,494,235
Diluted (in shares) 64,605,326 45,554,841 53,963,617 45,494,235