Canbiola, Inc. - Consolidated Statements of Operations and Comprehensive Loss - USD ($)		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Income Statement
Revenues		$ 17,972	$ 22,226
Operating Expenses:
Officers and directors compensation and payroll taxes		19,455	60,821
Consulting fees	[1]	16,700	55,861
Advertising expense		617	4,750
Hosting expense		2,441	10,298
Rent expense		16,265	16,265
Professional fees		15,978	4,449
Depreciation of property and equipment		807	847
Amortization of intangible assets		993	994
Other		21,744	12,719
TOTAL OPERATING EXPENSES		95,000	167,004
Loss from operations		(77,028)	(144,778)
Other income (expense):
Interest income		293	293
Income (expense) from derivative liability		196,679
Interest expense	[2]	(95,844)	(125)
Other income (expense) - net		101,128	168
Income (loss) before provision for income taxes		24,100	(144,610)
Provision for income taxes
Net income (loss) and comprehensive income (loss)		$ 24,100	$ (144,610)
Net income (loss) per common share, basic		$ 0.00	$ (0.00)
Net income (loss) per common share, diluted		$ 0.00	$ (0.00)
Weighted average common shares outstanding, basic		147,771,477	145,502,486
Weighted average common shares outstanding, diluted		257,569,559	145,502,486

[1] including stock-based compensation of $11,000 and $30,000, respectively.

[2] Including amortization of debt discounts of $87,730 and $0, respectively.