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Canbiola, Inc. - Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating Activities:    
Net income (loss) $ (466,245) $ (342,142)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Stock-based compensation [1] 113,438 30,000
Loss on debt conversion 32,383  
Expense (income) from derivative liability (252,010)  
Depreciation of property and equipment 2,421 2,460
Amortization of intangible assets 2,979 2,980
Amortization of debt discounts 219,288  
Changes in operating assets and liabilities:    
Accounts receivable, increase decrease (8,288) (2,981)
Inventory, increase decrease (12,417)  
Prepaid expenses, increase decrease 2,500 9,671
Accounts payable, increase decrease 80,973 66,819
Accrued officers compensation, increase decrease 54,000 116,750
Other accrued expenses payable, increase decrease 25,760 12,612
Net Cash Used in Operating Activities (205,218) (103,831)
Investing Activities:    
Net Cash Used in Investing Activities
Financing Activities:    
Proceeds received from notes and loans payable 179,250 86,933
Net Cash Provided by Financing Activities 179,250 86,933
Increase (decrease) in cash and cash equivalents (25,968) (16,898)
Cash and cash equivalents, beginning of period 30,193 18,373
Cash and cash equivalents, end of period 4,225 1,475
SUPPLEMENTAL CASH FLOW INFORMATION:    
Income taxes paid
Interest paid
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Issuance of common stock in satisfaction of debt 115,000  
Issuance of common stock in satisfaction of accrued interest $ 11,168  
Issuance of common stock in satisfaction of accounts payable   $ 47,174
[1] Net of prepaid stock based consulting fees