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Canbiola, Inc. - Consolidated Statements of Operations and Comprehensive Loss - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Revenues    
Product Sales $ 79,030  
Service Revenue 43,716 $ 95,145
Total Revenues 122,746 95,145
Operating cost and expenses:    
Cost of product sales 44,466  
Officers and directors compensation [1] 154,406 180,448
Consulting fees [2] 284,741 99,913
Advertising expense 28,322 11,901
Hosting expense 21,963 32,182
Rent expense 65,060 65,060
Professional fees 95,546 47,207
Depreciation of property and equipment 3,227 3,267
Amortization of intangible assets 3,972 3,974
Other 133,829 62,741
TOTAL OPERATING EXPENSES 835,532 506,693
Loss from operations (712,786) (411,548)
Other income (expense):    
Cancellation of debt 10,589  
Loss on debt conversion (32,383)  
Loss on stock issuance (191,553)  
Impairment of intangible assets (21,507)  
Interest income 2,842 1,170
Income (expense) from derivative liability (915,700) (198,438)
Interest expense [3] (279,221) (56,234)
Other income (expense) - net (1,426,933) (253,502)
Loss before provision for income taxes (2,139,719) (665,050)
Provision for income taxes
Net loss and comprehensive income (loss) $ (2,139,719) $ (665,050)
Net loss per common share, basic and diluted $ (0.00) $ (0.00)
Weighted average common shares outstanding, basic 165,230,550 145,677,036
Weighted average common shares outstanding, diluted 256,295,851 235,121,480
[1] Including stock-based compensation of $63,902 and $0, respectively
[2] Including stock-based compensation of $167,688 and $30,000, respectively
[3] Including amortization of debt discounts of $250,188 and $50,315, respectively