Canbiola, Inc. - Consolidated Balance Sheets - USD ($)		Sep. 30, 2017	Dec. 31, 2016
Current Assets:
Cash and cash equivalents		$ 4,225	$ 30,193
Accounts receivable, less allowance for doubtful accounts	[1]	22,030	13,742
Inventory		12,417
Prepaid expenses		62,134	2,500
TOTAL CURRENT ASSETS		100,806	46,435
Property and equipment, less accumulated depreciation	[2]	11,954	14,375
Other Assets:
Security Deposit		11,687	11,687
Note receivable		39,000	39,000
Intangible assets, net of accumulated amortization	[3]	22,502	25,481
Total other assets		73,189	76,168
Total Assets		185,949	136,978
Current Liabilities:
Notes and loans payable		162,604	58,315
Derivative Liability		279,928	352,688
Accounts payable		135,683	54,714
Accrued officers compensation		188,750	134,750
Other accrued expenses payable		65,691	51,099
Total current liabilities and total liabilities		832,656	651,566
Commitments and Contingencies	[4]
Stockholders' Equity (deficit):
Preferred stock	[5]	103,664	103,664
Common stock	[6]	12,223,631	11,889,505
Accumulated deficit		(12,974,002)	(12,507,757)
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)		(646,707)	(514,588)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)		$ 185,949	$ 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 $19,442 and $17,021, respectively.

[3] Intangible assets, net of accumulated amortization of $37,926 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 750,000,000 shares, issued and outstanding 171,072,323 and 146,008,250 shares, respectively.