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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Revenues $ 991,839 $ 30,228 $ 1,032,056 $ 55,273
Cost of revenues (exclusive of depreciation and amortization shown separately below) 984,442 28,041 1,023,008 50,850
Depreciation and amortization attributable to costs of revenues 3,122 116 3,236 228
Gross profit 4,275 2,071 5,812 4,195
Operating expenses:        
Selling, general and administrative expenses 36,641 4,177 45,423 7,035
Depreciation and amortization attributable to operating expenses 763 27 790 54
Total operating expenses 37,404 4,204 46,213 7,089
Loss from operations (33,129) (2,133) (40,401) (2,894)
Other income (expense):        
Interest income 18 0 18 0
Other income 152 4,222 625 4,223
Loss on change in value of derivative warrant liability (945) (21,508) (4,524) (23,288)
Interest expense (47,722) (139) (51,952) (251)
Total other expense (48,497) (17,425) (55,833) (19,316)
Loss from continuing operations before income tax (81,626) (19,558) (96,234) (22,210)
Income tax benefit (expense) 0 0 0 0
Loss from continuing operations (81,626) (19,558) (96,234) (22,210)
Income from discontinued operations, net of tax 17,844 3,601 31,643 9,219
Net loss (63,782) (15,957) (64,591) (12,991)
Net income attributable to non-controlling interest and redeemable non-controlling interest from continuing operations 165 243 97 626
Net income attributable to non-controlling interest and redeemable non-controlling interest from discontinued operations 3,023 3,175 6,829 4,783
Net loss attributable to Vertex Energy, Inc. (66,970) (19,375) (71,517) (18,400)
Accretion of redeemable noncontrolling interest to redemption value from continued operations (6) (387) (428) (762)
Accretion of discount on Series B and B1 Preferred Stock 0 (284) 0 (507)
Dividends on Series B and B1 Preferred Stock 0 0 0 258
Net loss attributable to shareholders from continuing operations (81,797) (20,472) (96,759) (23,847)
Net income attributable to shareholders from discontinued operations, net of tax, Basic 14,821 426 24,814 4,436
Net loss attributable to common shareholders, basic (66,976) (20,046) (71,945) (19,411)
Net loss attributable to common shareholders diluted $ (66,976) $ (20,046) $ (71,945) $ (19,411)
Basic and diluted loss per Share        
Continuing operations (in dollars per share) $ (1.20) $ (0.39) $ (1.47) $ (0.48)
Discontinued operations, net of tax (in dollars per share) 0.22 0.01 0.38 0.09
Basic income (loss) per common share (in dollars per share) (0.98) (0.38) (1.09) (0.39)
Diluted income (loss) per common share        
Continuing operations (in dollars per share) (1.20) (0.39) (1.47) (0.48)
Discontinued operations, net of tax (in dollars per share) 0.22 0.01 0.38 0.09
Diluted income (loss) per share (in dollars per share) $ (0.98) $ (0.38) $ (1.09) $ (0.39)
Shares used in computing earnings per share        
Basic (in shares) 67,923 52,683 65,660 50,210
Diluted (in shares) 67,923 52,683 65,660 50,210