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Genoil (Genoil) Cash Receipts from Tax Refunds


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What is Genoil Cash Receipts from Tax Refunds?

Cash Receipts from Tax Refunds only applicable to companies reporting Cash Flow from Operations in direct method.


Genoil (Genoil) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Genoil Inc (OTCPK:GNOLF) » Definitions » Cash Receipts from Tax Refunds
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Address
One Rockefeller Center, 11th Floor, New York, NY, USA, 10020
Genoil Inc is a technology development company related to the oil and gas industry. It is a provider of hydro conversion fixed bed technology for upstream and downstream oil and gas industry. The company's business activities are majorly directed to the development and commercialization of its upgrader technology, which is designed to economically convert heavy crude oil into light synthetic crude. In addition, it owns rights to several patented and proprietary technologies. It derives revenue from engineering and consulting, licensing fee / royalties and profit share. The company's geographical presence in Middle East, Russia and China.