CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 97,914	$ 36,130
Restricted cash	100	100,497
Accounts receivable, net	90,854	5,297
Inventory	201,752	3,736
Derivative commodity asset	0	96
Prepaid expenses and other current assets	36,627	4,280
Assets held for sale, current	92,494	84,116
Total current assets	519,741	234,152
Noncurrent assets
Fixed assets, at cost	116,722	13,811
Less accumulated depreciation	(4,475)	(2,045)
Fixed assets, net	112,247	11,766
Finance lease right-of-use assets	44,373	0
Operating lease right-of use assets	4,768	5,011
Intangible assets, net	8,375	359
Other assets	1,159	14,772
TOTAL ASSETS	690,663	266,060
Current liabilities
Accounts payable	50,652	4,216
Accrued expenses	30,560	3,618
Finance lease liability-current	652	302
Operating lease liability-current	953	960
Current portion of long-term debt, net	1,927	2,413
Obligations under inventory financing agreement, net	172,857	0
Derivative commodity liability	46,536	0
Liabilities held for sale, current	35,507	37,645
Total current liabilities	339,644	49,154
Liabilities Noncurrent
Long-term debt, net	135,332	114
Finance lease liability-long-term	44,640	0
Convertible senior unsecured note 2027, net	41,543	64,016
Operating lease liability-long-term	3,816	4,052
Derivative warrant liability	26,615	75,211
Other liabilities	1,378	0
Total liabilities	592,968	192,547
COMMITMENTS AND CONTINGENCIES	0	0
TEMPORARY EQUITY
Redeemable non-controlling interest	0	43,447
Total temporary equity	0	43,447
EQUITY
Common stock, $0.001 par value per share; 750,000,000 shares authorized; 75,509,002 and 63,287,965 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively.	76	63
Additional paid-in capital	278,455	138,620
Accumulated deficit	(182,588)	(110,614)
Total Vertex Energy, Inc. shareholders' equity	95,943	28,069
Non-controlling interest	1,752	1,997
Total equity	97,695	30,066
TOTAL LIABILITIES, TEMPORARY EQUITY, AND EQUITY	690,663	266,060
Series A Preferred Stock
EQUITY
Series A and C Preferred stock	0	0
Series C Preferred Stock
EQUITY
Series A and C Preferred stock	$ 0	$ 0