Canbiola, Inc. - Consolidated Balance Sheets - USD ($)		Dec. 31, 2017	Dec. 31, 2016
Current Assets:
Cash and cash equivalents		$ 1,652	$ 30,193
Accounts receivable, less allowance for doubtful accounts	[1]	6,075	13,742
Inventory		9,834
Notes receivable - current		75,000
Prepaid expenses		64,911	2,500
TOTAL CURRENT ASSETS		157,472	46,435
Property and equipment, less accumulated depreciation	[2]	11,148	14,375
Other Assets:
Security Deposit		11,687	11,687
Note receivable - noncurrent		39,000	39,000
Intangible assets, net of accumulated amortization	[3]		25,481
Total other assets		50,687	76,168
Total Assets		219,307	136,978
Current Liabilities:
Notes and loans payable		193,504	58,315
Derivative Liability		1,451,137	352,688
Accounts payable		143,274	54,714
Accrued officers compensation		98,750	134,750
Other accrued expenses payable		62,539	51,099
Total current liabilities and total liabilities		1,949,204	651,566
Commitments and Contingencies	[4]
Stockholders' Deficiency:
Preferred stock Series A		243,537	103,664
Preferred stock Series B		150
Common stock		12,524,042	11,889,505
Additional Paid-in Capital		149,850
Accumulated deficit		(14,647,476)	(12,507,757)
TOTAL STOCKHOLDERS' DEFICIENCY		(1,729,897)	(514,588)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIENCY		$ 219,307	$ 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 $20,248 and $17,021, respectively.

[3] Intangible assets, net of accumulated amortization of $60,428 and $34,947, respectively.

[4] See Notes 12 and 13