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Canbiola, Inc. - Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating Activities:    
Net income (loss) $ 24,100 $ (144,610)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Stock-based compensation 11,000 30,000
Expense (income) from derivative liability (196,679)  
Depreciation of property and equipment 807 847
Amortization of intangible assets 993 994
Amortization of debt discount 87,730  
Changes in operating assets and liabilities:    
Accounts receivable, increase decrease (2,936) (1,851)
Prepaid expenses, increase decrease 2,500 9,671
Accounts payable, increase decrease (12,226) 5,830
Accrued officers compensation, increase decrease 18,000 24,500
Other accrued expenses payable, increase decrease 6,840 7,586
Net Cash Used in Operating Activities (59,871) (67,033)
Investing Activities:    
Net Cash Used in Investing Activities
Financing Activities:    
Proceeds received from notes and loans payable 59,500 51,500
Net Cash Provided by Financing Activities 59,500 51,500
Increase (decrease) in cash and cash equivalents (371) (15,533)
Cash and cash equivalents, beginning of period 30,193 18,373
Cash and cash equivalents, endof period 29,822 2,840
SUPPLEMENTAL CASH FLOW INFORMATION:    
Income taxes paid
Interest paid
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Issuance of common stock in satisfaction of debt 65,000  
Issuance of common stock in satisfaction of accrued interest $ 7,837  
Issuance of common stock in satisfaction of accounts payable   $ 21,557