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GNOLF (Genoil) Other Cash Receipts from Operating Activities


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What is Genoil Other Cash Receipts from Operating Activities?

Other Cash Receipts from Operating Activities only applicable to companies reporting Cash Flow from Operations in direct method.


Genoil Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Genoil Inc (OTCPK:GNOLF) » Definitions » Other Cash Receipts from Operating Activities
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Address
270 Bellevue Avenue, Newport, RI, 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 the 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 fees/royalties, and profit share. The company's geographical presence is in the Middle East, Russia, and China.