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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 36,129,941 $ 10,895,044
Restricted cash 100,496,998 100,125
Accounts receivable, net 5,296,867 5,211,621
Inventory 3,735,878 1,458,288
Derivative commodity asset 95,980 0
Prepaid expenses and other current assets 4,279,732 2,588,887
Assets held for sale 84,116,152 9,531,423
Total current assets 234,151,548 29,785,388
Fixed assets, at cost 13,811,835 14,848,813
Less accumulated depreciation (2,045,241) (1,573,025)
Fixed assets, net 11,766,594 13,275,788
Finance lease right-of-use assets 0 18,100
Operating lease right-of-use assets 5,011,454 4,734,497
Intangible assets, net 358,881 466,546
Other assets 14,771,642 1,008,733
Assets held for sale, noncurrent 0 72,810,906
TOTAL ASSETS 266,060,119 122,099,958
Current liabilities    
Accounts payable 4,216,275 3,310,992
Accrued expenses 3,617,902 1,648,964
Dividends payable 0 606,550
Finance lease-current 302,166 271,099
Operating lease-current 959,573 783,747
Current portion of long-term debt, net of unamortized finance costs 2,413,295 6,711,708
Revolving note 0 133,446
Derivative commodity liability 0 94,214
Liabilities held for sale, current 37,644,312 12,634,231
Total current liabilities 49,153,523 26,194,951
Long-term debt 114,480 5,636,957
Convertible Senior unsecured notes due 2027, net 64,015,929 0
Finance lease-non-current 0 617,679
Operating lease-non-current 4,051,881 3,950,750
Derivative liability 75,210,525 330,412
Liabilities held for sale, noncurrent 0 24,078,274
Total liabilities 192,546,338 60,809,023
COMMITMENTS AND CONTINGENCIES (Note 4) 0 0
TEMPORARY EQUITY    
Series B and B1 preferred shares 43,446,684 55,366,186
Redeemable non-controlling interest 43,446,684 31,611,674
EQUITY    
Common stock, $0.001 par value per share; 750,000,000 shares authorized; 63,287,965 and 45,554,841 issued and outstanding at December 31, 2021 and 2020, respectively. 63,288 45,555
Additional paid-in capital 138,620,254 94,569,674
Accumulated deficit (110,614,035) (90,008,778)
Total Vertex Energy, Inc. stockholders' equity 28,069,893 4,606,871
Non-controlling interest 1,997,204 1,317,878
Total equity 30,067,097 5,924,749
TOTAL LIABILITIES, TEMPORARY EQUITY AND EQUITY 266,060,119 122,099,958
Series B Preferred Stock    
TEMPORARY EQUITY    
Series B and B1 preferred shares 0 12,718,339
Series B1 Preferred Stock    
TEMPORARY EQUITY    
Series B and B1 preferred shares 0 11,036,173
Series A Preferred    
EQUITY    
Series A and C Preferred Stock 386 420
Series C Preferred    
EQUITY    
Series A and C Preferred Stock $ 0 $ 0