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As Of Filer Filing For·On·As Docs:Size Issuer Agent 4/17/15 Vertex Energy Inc. S-3 4/16/15 7:1.6M Loev Corp Filings Inc/FA |
Document/Exhibit Description Pages Size
1: S-3 Registration Statement for Securities Offered HTML 426K
Pursuant to a Transaction
2: EX-4.1 Form of Certificate Representing Common Stock, HTML 6K
$0.001 Par Value Per Share
3: EX-4.4 Form of Debt Indenture HTML 282K
4: EX-5.1 Opinion and Consent of the Loev Law Firm, Pc Re: HTML 37K
the Legality of the Securities Being
Registered
5: EX-12.1 Statement Regarding Computation of Ratios HTML 28K
6: EX-23.1 Consent of Lbb & Associates Ltd., LLP HTML 7K
7: EX-23.2 Consent of Bkd, LLP HTML 8K
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Fiscal Year Ended December 31,
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2013
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2012
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2011
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2010
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Earnings (loss) before income taxes
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$ | (5,859,879 | ) | $ | 6,611,432 | $ | 2,257,626 | $ | 3,911,702 | $ | 1,249,223 | |||||||||
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Add:
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Interest expense
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$ | 2,971,229 | $ | 396,440 | $ | 128,838 | $ | 62,686 | $ | 116,747 | ||||||||||
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Rental expense factor (1)
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$ | 1,973,092 | $ | 781,986 | $ | 322,343 | $ | 299,686 | $ | 272,813 | ||||||||||
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Earnings available for fixed charges
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$ | (915,558 | ) | $ | 7,789,858 | $ | 2,708,807 | $ | 4,274,074 | $ | 1,638,783 | |||||||||
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Fixed Charges:
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Interest expense (2)
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$ | 2,971,229 | $ | 396,440 | $ | 128,838 | $ | 62,686 | $ | 116,747 | ||||||||||
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Rental expense factor (1)
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$ | 1,973,092 | $ | 781,986 | $ | 322,343 | $ | 299,686 | $ | 272,813 | ||||||||||
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Total fixed charges
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$ | 4,944,321 | $ | 1,178,426 | $ | 451,181 | $ | 362,372 | $ | 389,560 | ||||||||||
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Ratio of earnings to fixed charges (3)
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(1.19)(4) | 5.61 | 5.00 | 10.79 | 3.21 | |||||||||||||||
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(1)
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“Rental Expense Factor” is the portion of rental expense estimated to be representative of the interest expense within rental expenses. The portion of rental expense representative of interest factor is calculated as one third of the total of rent, rental expenses and lease expenses.
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(2)
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The ratio of earnings to fixed charges is computed by dividing income or loss before taxes by fixed charges. Fixed charges include interest expense financing fees and an estimate of the interest expense within rent expense under operating leases.
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(3)
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Interest expense includes amortization expense for capitalized debt costs.
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(4)
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Earnings for the year ended December 31, 2014 were inadequate to cover fixed charges. The coverage deficiency was $5.8 million.
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| This ‘S-3’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| Filed as of: | 4/17/15 | |||
| Filed on: | 4/16/15 | |||
| 12/31/14 | 10-K, 10-K/A, NT 10-K | |||
| List all Filings | ||||