OTC Bulletin Board S & P Company Insight for VERTEX ENERGY, INC
Profile
	Business Summary: Vertex Energy, Inc. provides a range of services designed to aggregate, process, and recycle industrial and commercial waste streams. The company operates in two divisions: Black Oil, and Refining and Marketing.   Address   1331 Gemini Street, Suite 250   Houston , TX 77058   Phone: 866-660-8156   Fax: 609-387-2666   Website: http://www.vertexenergy.com Auditor   Stonefield Josephson, Inc. Transfer Agent   Continental Stock Transfer & Trust Co. Employees:  12 ShareHolders:  730 Founded:  1985 Domicile:  Nevada
Background
	Vertex Energy, Inc. provides a range of services designed to aggregate, process, and recycle industrial and commercial waste streams. The company operates in two divisions: Black Oil, and Refining and Marketing. The Black Oil division recycles used motor oil by purchasing it from a network of local and regional collectors, and selling it to third-party re-refining facilities, fuel oil blenders, and burners of black oil. The Refining and Marketing division recycles hydrocarbon streams by purchasing and aggregating these streams from collectors and generators, managing the delivery of these streams to a third-party facility for processing into end-products, and managing the sale of end-products. The company offers its services in 13 states of the United States with a primary focus on the Gulf Coast region. Vertex Energy, Inc. is based in Houston, Texas. History:  INCORPORATED in Nevada May 14, 2008. On Apr. 16, 2009, World Waste Technologies, Inc., a California corporation, merged into Vertex Merger Sub, LLC, a wholly owned subsidiary of the company. In connection with the merger, each outstanding Common share of World Waste was cancelled and exchanged for 0.10 Common share of the company; each outstanding share of World Waste Series A Preferred stock was cancelled and exchanged for 0.4062 share of the company's Series A Preferred stock; and each outstanding share of World Waste Series B Preferred stock was cancelled and exchanged for 11.651 shares of the company's Series A Preferred stock. World Waste was incorporated in California June 21, 1985, as Voice Powered Technologies International, Inc. and changed its name to World Waste Technologies, Inc. on Aug. 24, 2004.   Subsidiaries: Vertex Merger Sub, LLC     Capital Expenditures, thousand. US Dollars   Year   Amount   2009   84
Management
	Management Officers Position  Benjamin P. Cowart Chairman, President & Chief Executive Officer  Christopher  Carlson Secretary & Chief Financial Officer  Matthew  Lieb Chief Operating Officer  Ingram  Lee Treasurer Directors  Dan  Borgen  Benjamin P. Cowart  Ingram  Lee  David L. Phillips  John  Pimentel  Christopher  Stratton
Annual Report
	Annual Report   Income Statement   2009 2008 REVENUES Revenues 38,555,980 62,170,280 Revenues-related Parties 147,871 3,043,019 Total Revenues 38,703,850 65,213,300 EXPENSES Cost of Revenues (35,974,300) (63,333,140) Selling, General and Administrative Expenses (3,089,539) (2,248,443) Merger Related Expenses (249,397) - Earnings before Taxes (609,384) (368,290) TAXES AND OTHER EXPENSES Net Income (Loss) (609,384) (368,290) SUPPLEMENTARY INFO Gross Profit/loss 2,729,552.00 1,880,153.00 Operating Income (Loss) (609,384.00) (368,290.00) Basic EPS - Continuing Operations (0.08) (0.07)   Balance Sheet   2009 2008 CURRENT ASSETS Cash and Cash Equivalents 514,136 17,616 Accounts Receivable, Related Parties - 1,817,228 Accounts Receivable, Net 2,188,423 817,232 Due from Partnerships - 405,219 Inventory 2,978,883 1,232,904 Prepaid Expenses 115,541 270,522 Total Current Assets 5,796,983 4,560,721 NON CURRENT ASSETS Fixed Assets-net 75,807 11,022 Noncurrent Assets Licensing Agreement, Net 1,675,197 - Total Assets 7,547,987 4,571,743 CURRENT LIABILITIES Accounts Payable 5,052,558 1,836,340 Accounts Payable. Related Party 527,731 2,676,650 Due to Related Party 841,855 - Total Current Liabilities 6,422,144 4,512,990 NON CURRENT LIABILITIES Preferred Stock Convertible 4,756 - SHAREHOLDERS' EQUITY Common Stock - Par Value 8,254 5,502 Additional Paid in Capital 2,090,507 421,541 Accumulated Deficit (977,674) (368,290) Total Shareholders Equity 1,125,843 58,753 Total Liabilities & Shareholders Equity 7,547,987 4,571,743
Interim Report
	Interim Report      Data Not Available
Pro Forma Report
	Pro Forma Report      Data Not Available
Quarterly Report
	Quarterly Report Information      Quarterly Revenue, US$ Year Quarter Revenue   2010   1 13,270,000   2009   1 6,560,000   2009   2 5,270,000   2009   3 12,040,000   2009   4 13,550,000   2009   Full Year 38,700,000   2008   1 16,230,000   2008   2 17,800,000   2008   3 24,400,000   2008   4 8,350,000   2008   Full Year 65,210,000   2007   1 8,580,000   2007   2 9,280,000   2007   3 11,370,000   2007   4 13,500,000   2007   Full Year 42,020,000   2006   Full Year 36,510,000   2005   Full Year 26,890,000     Quarterly Net Income, US$ Year Quarter Revenue   2010   1 270,000   2009   2 (710,000)   2009   3 710,000   2009   4 10,000   2009   Full Year (610,000)   2008   Full Year (370,000)   2007   Full Year 2,230,000   2006   Full Year 500,000   2005   Full Year 60,000     Quarterly EPS, US$ Year Quarter Revenue   2010   1 .02   2009   1 (.10)   2009   2 (.09)   2009   3 .05   2009   4 Nil   2009   Full Year (.08)   2008   4 (.64)   2008   Full Year (.07)
Stock Data
	Capitalization as of 03/31/2010:     Authorized Shares Outstanding Shares Common $0.001 par 750,000,000 8,254,256 Preferred $0.001 par 50,000,000 4,755,666so2   LONG TERM DEBT: None.   Common $0.001 par   Stockholders:  03/01/2010, 730. Transfer Agent:  Continental Stock Transfer & Trust Co.   New York , NY   OTC Bulletin Board( Primary): VTNR   Exchange Year High Low OTC Bulletin Board 2009 2.2500 0.0200 OTC Bulletin Board 2008 0.3400 0.0100 OTC Bulletin Board 2007 1.9000 0.1000 OTC Bulletin Board 2006 6.8000 1.3600   DIVIDENDS: Common $0.001 par: No cash. 1-for-10 reverse split May. 4, 2009.       so2Consists of Ser. A Conv. Preferred. Liquidation preference, $1.49 per share. Each Ser. A share is convertible into one Common share.