Canbiola, Inc. - Consolidated Balance Sheets - USD ($)		Mar. 31, 2018	Dec. 31, 2017
Current Assets:
Cash and cash equivalents		$ 54,117	$ 1,652
Accounts receivable, less allowance for doubtful accounts	[1]	11,795	6,075
Inventory		8,662	9,834
Notes receivable - current		75,000	75,000
Prepaid expenses		926,468	64,911
TOTAL CURRENT ASSETS		1,076,042	157,472
Property and equipment, less accumulated depreciation	[2]	23,675	11,148
Other Assets:
Security Deposit		11,687	11,687
Prepaid expenses - noncurrent		361,001
Note receivable - noncurrent		39,000	39,000
Total other assets		411,688	50,687
Total Assets		1,511,405	219,307
Current Liabilities:
Notes and loans payable		236,968	193,504
Derivative Liability		385,431	1,451,137
Accounts payable		91,000	143,274
Accrued officers compensation		151,250	98,750
Other accrued expenses payable		66,830	62,539
Total current liabilities and total liabilities		931,479	1,949,204
Commitments and Contingencies	[3]
Stockholders' Deficiency:
Preferred stock Series A		1,636,537	243,537
Preferred stock Series B		399	150
Common stock		12,784,307	12,524,042
Additional Paid-in Capital		398,601	149,850
Accumulated deficit		(14,239,918)	(14,647,476)
TOTAL STOCKHOLDERS' DEFICIENCY		579,926	(1,729,897)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIENCY		$ 1,511,405	$ 219,307

[1] Accounts receivable, less allowance for doubtful accounts of $0 and $0, respectively.

[2] Property and equipment, at cost less accumulated depreciation of $21,051 and $20,248, respectively.

[3] See Notes 12 and 13