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Canbiola, Inc. - Consolidated Statements of Operations and Comprehensive Loss - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues        
Service Revenue $ 1,800 $ 24,327 $ 43,507 $ 71,990
Product Sales 20,298   22,433  
Total Revenues 22,098 24,327 65,940 71,990
Operating cost and expenses:        
Cost of product sales 10,559   11,698  
Officers and directors compensation and payroll taxes [1] 19,377 38,897 58,209 159,463
Consulting fees [2] 110,709 4,104 182,491 98,473
Advertising expense 13,802 5,551 35,312 10,301
Hosting expense 2,932 8,325 17,619 20,465
Rent expense 16,265 16,265 48,795 48,795
Professional fees 7,970 20,050 70,706 36,787
Depreciation of property and equipment 807 806 2,421 2,459
Amortization of intangible assets 993 993 2,979 2,980
Other 20,642 13,464 81,161 34,911
TOTAL OPERATING EXPENSES 204,056 108,455 511,391 414,634
Loss from operations (181,958) (84,128) (445,451) (342,644)
Other income (expense):        
Interest income 293 292 879 877
Loss on debt conversion (32,383)   (32,383)  
Income (expense) from derivative liability 305,665   252,010  
Interest expense [3] (73,514) (125) (241,300) (375)
Other income (expense) - net 200,061 167 (20,794) (502)
Income (loss) before provision for income taxes 18,103 (83,961) (466,245) (342,142)
Provision for income taxes
Net income (loss) and comprehensive income (loss) $ 18,103 $ (83,961) $ (466,245) $ (342,142)
Net income (loss) per common share, basic $ (0.00) $ (0.00) $ (0.00) $ (0.00)
Net income (loss) per common share, diluted $ (0.00) $ (0.00) $ (0.00) $ (0.00)
Weighted average common shares outstanding, basic 164,000,506 146,012,598 156,928,795 146,009,710
Weighted average common shares outstanding, diluted 289,732,512 146,012,598 273,703,025 146,009,710
[1] Including stock-based compensation of $0, $0, $0, and $0 respectively
[2] Including stock-based compensation of $113,438, $30,000, $76,209, and $0 respectively
[3] Including amortization of debt discounts of $219,288, $0, $66,183 and $0 respectively