GNOLF (Genoil) Construction In Progress : $0.00 Mil (As of Jun. 2024)

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What is Genoil Construction In Progress?

Genoil Construction In Progress Historical Data

The historical data trend for Genoil's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Genoil Construction In Progress Chart

Genoil Annual Data

Trend

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Construction In Progress

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Genoil Quarterly Data
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Genoil Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

Genoil Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Genoil Inc (OTCPK:GNOLF) » Definitions » Construction In Progress

Comparable Companies

Traded in Other Exchanges

N/A

Address

One Rockefeller Center, 11th Floor, New York, NY, USA, 10020

Website

https://www.genoil.ca

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.