Vertex energy inc. (VTNR)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS
Current assets
Cash and cash equivalents

16,295

4,099

2,303

498

1,676

1,249

1,840

1,718

52

1,105

1,124

458

6

1,701

3,753

3,973

1,782

765

4,020

5,717

3,680

6,017

1,229

19,651

5,016

2,678

531

297

1,316

807

1,151

4,177

4,296

675

1,317

2,526

744

Restricted Cash and Cash Equivalents

-

-

-

-

-

1,600

-

-

-

0

-

-

-

1,504

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Escrow - current restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted Cash and Cash Equivalents, Current

100

100

100

100

100

-

-

-

-

-

0

1,508

1,506

-

1,503

1,501

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable, net

9,853

12,138

10,405

11,500

13,707

9,027

14,380

12,589

11,237

11,288

8,897

9,621

7,017

10,952

7,652

7,362

3,678

6,315

7,897

13,033

10,855

9,936

21,675

13,952

11,417

11,714

7,955

8,091

7,383

7,160

8,362

3,778

6,001

5,436

5,493

2,113

1,482

Federal income tax receivable

137

68

205

205

205

137

137

274

274

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of notes receivable, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,000

1,000

-

3,150

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of notes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,000

-

11,458

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable- other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

127

-

-

-

-

-

-

Accounts receivable, net - related party (Note 10)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,335

-

0

-

-

-

-

0

0

1

2

10

3

0

Inventory

4,435

6,547

5,878

5,752

6,270

8,091

6,646

8,461

8,112

6,304

4,589

4,604

4,739

4,357

3,671

3,772

4,563

3,548

3,847

9,088

11,525

12,620

19,001

16,412

7,554

8,540

8,208

9,335

5,907

5,870

6,507

6,603

6,958

6,408

8,766

6,047

3,901

Derivative commodity asset

805

0

0

0

449

695

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other current assets

2,130

4,452

6,534

1,494

1,711

-

3,973

1,313

2,635

1,771

2,734

785

1,395

2,669

2,886

1,136

938

1,367

2,169

2,803

1,109

1,245

2,162

3,530

1,470

1,161

571

537

519

492

-

329

124

151

111

112

-

Assets being held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,170

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Assets being held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

779

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other current assets

-

-

-

-

-

2,740

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

221

-

-

-

-

-

100

Total current assets

33,757

27,406

25,428

19,551

24,121

23,542

26,977

24,357

22,312

20,471

17,346

16,977

14,666

21,185

19,466

17,747

10,962

23,166

18,934

31,642

28,170

33,749

55,527

62,883

25,458

24,095

17,266

18,261

15,127

14,331

16,369

14,889

17,382

12,674

15,699

10,804

6,229

Noncurrent assets
Fixed assets, at cost

69,911

69,469

69,437

68,950

67,444

66,762

66,781

67,226

65,541

65,237

65,011

64,096

63,318

62,316

61,789

63,091

61,997

60,846

61,560

61,032

60,157

59,919

49,318

-

-

16,444

-

-

-

-

-

-

-

-

-

-

-

Less accumulated depreciation

25,833

24,708

23,550

22,243

21,049

19,874

18,671

18,945

17,673

16,617

15,412

14,330

13,421

12,286

11,153

10,040

8,918

7,818

6,742

5,739

4,754

3,758

1,647

-

-

1,353

-

-

-

-

-

-

-

-

-

-

-

Licensing agreement, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,929

-

-

-

Fixed assets, net

44,078

44,761

45,887

46,706

46,395

46,887

48,110

48,281

47,868

48,619

49,598

49,766

49,896

50,029

50,636

53,050

53,079

53,028

54,817

55,292

55,402

56,161

47,671

46,725

15,476

15,091

11,963

11,527

11,279

11,617

10,770

119

120

124

156

101

76

Finance lease right-of-use assets

798

851

904

957

375

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Finance lease right-of-use assets

-

-

-

-

-

397

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease right-of use assets

35,126

35,586

36,242

36,911

37,155

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangible assets, net

10,837

11,243

11,590

11,666

12,122

12,578

13,210

13,666

14,047

14,499

-

-

-

15,252

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

137

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

0

68

68

68

68

-

137

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax asset

-

-

-

-

-

-

-

-

-

274

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Escrow - noncurrent restricted cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Note receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,308

8,308

-

8,308

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Notes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,308

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Goodwill and other intangible assets, net

-

-

-

-

-

-

-

-

-

-

14,951

15,462

15,133

-

15,658

16,089

16,520

16,967

17,687

17,640

18,077

18,512

16,327

16,733

14,835

15,098

15,036

15,358

15,680

15,934

0

2,041

1,954

0

1,957

1,957

1,833

Goodwill

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,922

4,922

4,922

4,922

4,922

4,922

4,922

4,502

3,515

3,515

3,515

3,515

3,515

-

-

0

-

-

-

Deferred financing cost, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,818

1,942

2,067

2,191

-

-

-

74

-

-

-

-

-

-

-

-

-

-

-

Intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16,255

-

-

-

-

-

-

Deferred tax assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

9,495

5,684

5,684

5,684

5,684

3,863

3,746

3,735

3,703

3,669

1,951

1,908

2,006

-

-

0

Other assets

928

840

616

616

618

616

694

646

492

440

388

389

771

518

481

482

482

481

481

481

481

481

2,797

2,925

-

0

-

-

-

-

-

-

-

-

-

-

-

Total non-current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

66,776

69,622

71,582

70,478

88,036

88,588

89,258

100,072

77,402

76,990

40,918

40,450

34,379

34,147

34,210

34,771

34,210

4,112

3,982

4,059

2,114

2,058

1,910

TOTAL ASSETS

125,525

120,759

120,740

116,478

120,858

84,160

89,129

86,952

84,720

84,305

82,285

82,595

80,467

86,985

86,243

87,370

82,545

93,644

106,970

120,230

117,429

133,822

132,929

139,873

66,377

64,546

51,645

52,409

49,338

49,102

50,580

19,002

21,364

16,733

17,813

12,863

8,139

LIABILITIES, TEMPORARY EQUITY, AND EQUITY
Current liabilities
Accounts payable

6,016

7,620

7,745

8,273

10,151

8,791

-

-

-

7,826

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued expenses

1,746

5,016

2,275

2,347

2,126

2,535

-

-

-

2,492

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable and accrued expenses

-

-

-

-

-

-

9,805

12,265

11,465

-

9,770

7,825

8,118

9,440

6,393

6,710

7,563

13,244

12,893

21,143

22,645

21,984

23,059

26,004

15,288

14,096

12,385

12,538

10,641

8,869

10,055

7,232

8,391

6,464

7,465

6,083

4,593

Dividends payable

344

389

419

412

406

403

479

548

554

420

420

418

415

504

504

345

373

376

401

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Finance lease liability-current

219

217

214

210

97

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Finance lease-current

-

-

-

-

-

95

92

121

9

0

0

33

84

133

181

194

190

186

364

408

450

172

605

809

-

0

-

-

-

-

-

-

-

-

-

-

-

Operating lease liability-current

5,864

5,885

6,005

6,143

5,898

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable-related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

917

748

1,227

620

1,093

968

407

Deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

679

235

1,080

-

0

Current portion of long-term debt, net of unamortized finance costs

1,191

2,017

2,794

658

15,037

1,325

2,167

906

1,158

1,616

2,296

1,002

1,255

9,649

10,354

8,758

8,937

17,789

4,773

4,387

39,860

40,136

40,781

2,417

2,845

1,956

1,700

1,714

1,722

1,749

1,748

-

-

0

-

-

-

Revolving note

-

-

-

-

-

3,844

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Derivative commodity liability

0

375

1,510

108

-

0

601

46

466

-

-

-

-

-

-

-

-

-

-

-

577

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revolving note

0

3,276

5,387

5,079

6,370

-

5,999

3,774

4,239

4,591

3,738

2,835

907

2,726

1,872

2,188

550

1,744

659

1,815

1,437

0

-

-

-

-

3,500

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

75

232

1,046

323

0

524

2,910

463

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Line of Credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,000

-

-

Total current liabilities

15,382

24,797

26,351

23,235

40,087

16,995

19,146

17,664

17,894

16,947

16,226

12,115

10,780

22,453

19,381

18,430

18,662

33,665

19,092

28,280

67,883

62,756

64,446

29,230

18,133

16,053

17,585

14,253

12,363

10,618

12,721

7,980

10,298

7,320

10,639

7,051

5,000

Long-term liabilities
Long-term debt, net of unamortized finance costs

5,208

12,433

12,658

14,000

0

14,402

14,483

14,532

14,744

13,531

12,750

13,029

10,873

1,848

2,651

3,563

4,488

5,539

21,644

22,555

1,735

2,187

2,040

40,173

6,210

6,558

4,958

5,393

5,834

6,281

6,860

-

-

0

-

-

-

Finance lease liability-long-term

555

610

665

720

251

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Finance lease-long-term

-

-

-

-

-

276

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liability-long-term

29,262

29,701

30,237

30,768

31,257

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital leases-long-term

-

-

-

-

-

-

322

317

19

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contingent consideration

-

-

0

0

15

15

108

236

236

236

236

284

-

0

-

-

-

-

-

-

-

6,069

-

-

-

3,220

-

-

-

4,711

-

-

-

-

-

-

-

Nonfinancial Liabilities Fair Value Disclosure

270

1,969

1,149

2,440

3,186

1,481

4,370

2,201

2,677

2,245

1,689

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Derivative liability

-

-

-

-

-

-

-

-

-

-

-

3,060

3,445

4,365

3,691

4,756

3,534

1,548

4,393

5,211

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,069

6,069

6,069

-

3,371

5,385

3,220

-

2,861

2,861

-

-

-

-

-

-

-

-

-

Line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

304

-

-

-

-

-

-

-

-

-

-

-

-

-

Contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,744

-

4,711

-

-

0

-

-

-

Line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

6,000

4,500

6,750

6,000

-

-

0

-

-

-

Mandatorily redeemable preferred stock, Series B, $0.001 par value, 2,000,000 shares authorized, 0 and 600,000 issued and outstanding as of December 31, 2011 and 2010 (includes $150,000 to a related party), respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

600

Deferred federal income tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

4,189

378

378

378

378

357

395

363

341

100

103

76

76

-

-

0

Total liabilities

50,679

69,511

71,063

71,165

74,798

33,171

38,431

34,952

35,572

32,961

30,902

28,490

25,099

28,667

25,724

26,750

26,685

40,753

51,199

62,116

75,687

75,202

70,236

75,471

27,942

26,210

25,761

28,902

27,806

28,702

30,393

8,083

10,374

7,396

10,639

7,051

5,600

COMMITMENTS AND CONTINGENCIES (Note 3)

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

0

0

-

0

TEMPORARY EQUITY
Series B and B-1 preferred shares

48,527

28,146

28,897

23,933

22,993

22,179

-

-

-

22,959

-

-

-

19,604

-

-

12,718

-

11,191

10,791

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Redeemable non-controlling interest

26,825

4,396

4,000

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total Temporary Equity

-

-

-

-

-

-

22,819

24,032

23,242

-

22,093

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

EQUITY
50,000,000 of total Preferred shares authorized: Series A Convertible Preferred Stock, $0.001 par value; 5,000,000 shares designated, 419,859 and 419,859 shares issued and outstanding at September 30, 2019 and December 31, 2018, respectively with a liquidation preference of $625,590 and $625,590 at September 30, 2019 and December 31, 2018, respectively.

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

1

1

1

1

1

1

3

3

4

4

4

4

4

Common stock, $0.001 par value per share; 750,000,000 shares authorized; 45,554,841 and 43,395,563 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively.

45

43

41

40

40

40

38

33

33

32

32

32

32

33

31

29

29

28

28

28

28

28

25

25

21

21

17

17

17

16

15

10

9

9

9

9

8

Additional paid-in capital

94,076

81,527

79,719

75,599

75,424

75,131

72,974

69,185

68,693

67,768

67,622

67,393

66,837

66,534

60,280

59,883

57,381

53,014

52,884

52,709

46,683

46,595

39,191

39,189

19,882

19,579

10,897

10,850

10,767

10,719

10,644

3,485

3,397

3,319

3,275

2,940

2,275

Accumulated deficit

-68,700

-59,246

-59,788

-55,105

-53,731

-47,800

-45,508

-41,832

-43,272

-39,816

-38,564

-34,735

-32,038

-27,958

-21,911

-20,602

-14,270

-12,106

-8,333

-5,415

-4,970

11,995

23,475

25,405

18,404

17,542

14,967

12,637

10,746

9,662

9,525

7,419

7,578

6,004

3,885

2,857

250

Total Vertex Energy, Inc. stockholders' equity

25,422

22,324

19,973

20,535

21,732

27,370

27,504

27,385

25,455

27,985

29,091

32,855

34,943

38,610

38,389

39,270

43,140

40,935

44,579

47,322

41,741

58,619

62,693

64,620

38,309

37,144

25,883

23,507

21,532

20,400

20,187

10,918

10,990

9,337

7,174

5,811

2,538

Non-controlling interest

896

777

806

844

1,332

1,438

373

581

449

399

198

-164

-112

103

11

41

-

0

-

-

-

-

0

-218

125

1,191

-

-

-

-

-

-

-

-

-

-

-

Total Equity

26,318

23,102

20,780

21,380

23,065

28,809

27,878

27,967

25,905

28,384

29,290

32,691

34,831

38,713

38,400

39,311

-

40,935

-

-

-

-

62,693

64,401

38,435

38,336

-

-

-

20,400

-

-

-

-

-

-

-

TOTAL LIABILITIES, TEMPORARY EQUITY, AND EQUITY

125,525

120,759

120,740

116,478

120,858

84,160

89,129

86,952

84,720

84,305

82,285

82,595

80,467

86,985

86,243

87,370

82,545

93,644

106,970

-

117,429

133,822

132,929

139,873

66,377

64,546

51,645

52,409

49,338

49,102

50,580

19,002

21,364

16,733

17,813

12,863

8,139

Series B Preferred Stock
Series B and B-1 preferred shares

11,598

11,006

10,442

9,904

9,390

8,900

-

-

-

7,190

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Series B1 Preferred Stock
Series B and B-1 preferred shares

10,103

12,743

14,454

14,029

13,603

13,279

-

-

-

15,769

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Series A Preferred Stock
50,000,000 of total Preferred shares authorized: Series A Convertible Preferred Stock, $0.001 par value; 5,000,000 shares designated, 419,859 and 419,859 shares issued and outstanding at September 30, 2019 and December 31, 2018, respectively with a liquidation preference of $625,590 and $625,590 at September 30, 2019 and December 31, 2018, respectively.

0

0

0

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Series C Preferred Stock
50,000,000 of total Preferred shares authorized: Series A Convertible Preferred Stock, $0.001 par value; 5,000,000 shares designated, 419,859 and 419,859 shares issued and outstanding at September 30, 2019 and December 31, 2018, respectively with a liquidation preference of $625,590 and $625,590 at September 30, 2019 and December 31, 2018, respectively.

0

0

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-