Canbiola, Inc. - Consolidated Balance Sheets - USD ($)		Mar. 31, 2017	Dec. 31, 2016
Current Assets:
Cash and cash equivalents		$ 29,822	$ 30,193
Accounts receivable, less allowance for doubtful accounts	[1]	16,678	13,742
Prepaid expenses			2,500
TOTAL CURRENT ASSETS		46,500	46,435
Property and equipment, less accumulated depreciation	[2]	13,568	14,375
Other Assets:
Security Deposit		11,687	11,687
Note receivable		39,000	39,000
Intangible assets, net of accumulated amortization	[3]	24,488	25,481
Total other assets		75,175	76,168
Total Assets		135,243	136,978
Current Liabilities:
Notes and loans payable		131,045	58,315
Derivative Liability		165,509	352,688
Accounts payable		42,488	54,714
Accrued officers compensation		452,750	134,750
Other accrued expenses payable		50,102	51,099
Total current liabilities and total liabilities		541,894	651,566
Commitments and Contingencies	[4]
Stockholders' Equity (deficit):
Preferred stock	[5]	103,664	103,664
Common stock	[6]	11,973,342	11,889,505
Accumulated deficit		(12,483,657)	(12,507,757)
TOTAL STOCKHOLDERS' EQUITY(DEFICIT)		(406,651)	(514,588)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)		$ 135,243	$ 136,978

[1] Accounts receivable, less allowance for doubtful accounts of $0 and $0, respectively.

[2] Property and equipment, at cost less accumulated depreciation of $17,829 and $17,021, respectively.

[3] Intangible assets, net of accumulated amortization of $35,940 and $34,947, respectively.

[4] See Notes 7 and 12

[5] no par value: authorized 20 shares, issued and outstanding 10 and 10 shares, respectively.

[6] no par value; authorized 400,000,000 shares, issued and outstanding 154,679,466 and 146,008,250 shares, respectively.