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ACCRUED EXPENSES | 3 Months Ended
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Mar. 31, 2016
Payables and Accruals [Abstract] |
ACCRUED EXPENSES | ACCRUED EXPENSES Accrued expenses consisted of the following:
| March 31, 2016 |  | December 31, 2015
Inventory-related accruals | $ | 583,287 |  |  | $ | 548,800 |
Inventory supply and intermediation arrangements | 274,668 |  |  | 252,380 |
Accrued transportation costs | 87,972 |  |  | 91,546 |
Renewable energy credit obligations | 45,729 |  |  | 19,472 |
Excise and sales tax payable | 41,110 |  |  | 34,129 |
Accrued interest | 30,558 |  |  | 24,806 |
Accrued utilities | 24,780 |  |  | 25,192 |
Customer deposits | 26,656 |  |  | 20,395 |
Accrued salaries and benefits | 12,290 |  |  | 61,011 |
Accrued construction in progress | 6,709 |  |  | 7,400 |
Other | 10,847 |  |  | 34,058 |
Total accrued expenses | $ | 1,144,606 |  |  | $ | 1,119,189 |
The Company has the obligation to repurchase certain intermediates and finished products that are held in the Company’s refinery storage tanks at the Delaware City and Paulsboro refineries in accordance with the A&R Intermediation Agreements with J. Aron & Company, a subsidiary of The Goldman Sachs Group, Inc. (“J. Aron”). As of March 31, 2016 and December 31, 2015, a liability is recognized for the Inventory supply and intermediation arrangements and is recorded at market price for the J. Aron owned inventory held in the Company's storage tanks under the A&R Inventory Intermediation Agreements, with any change in the market price being recorded in cost of sales. The Company is subject to obligations to purchase Renewable Identification Numbers (“RINs”) required to comply with the Renewable Fuels Standard. The Company's overall RINs obligation is based on a percentage of domestic shipments of on-road fuels as established by the Environmental Protection Agency (“EPA”). To the degree the Company is unable to blend the required amount of biofuels to satisfy its RINs obligation, RINs must be purchased on the open market to avoid penalties and fines. The Company records its RINs obligation on a net basis in Accrued expenses when its RINs liability is greater than the amount of RINs earned and purchased in a given period and in Prepaid expenses and other current assets when the amount of RINs earned and purchased is greater than the RINs liability.

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- Definition The entire disclosure for accounts payable and accrued liabilities at the end of the reporting period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(a),20,24) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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- References No definition available. + Details
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