Canbiola, Inc. - Consolidated Statements of Cash Flows - USD ($)		3 Months Ended
		Mar. 31, 2018	Mar. 31, 2017
Operating Activities:
Net income		$ 407,558	$ 24,100
Adjustments to reconcile net loss to net cash used in operating activities:
Stock-based compensation	[1]	430,708	11,000
Expense from derivative liability		(1,075,707)	(196,679)
Depreciation of property and equipment		803	807
Amortization of intangible assets		0	993
Amortization of debt discounts		28,464	87,730
Changes in operating assets and liabilities:
Accounts receivable, increase decrease		(5,720)	(2,936)
Inventory, increase decrease		1,172
Prepaid expenses, increase decrease			2,500
Accounts payable, increase decrease		(52,274)	(12,226)
Accrued officers compensation, increase decrease		52,500	18,000
Other accrued expenses payable, increase decrease		4,291	6,840
Net Cash Used in Operating Activities		(208,205)	(59,871)
Investing Activities:
Fixed assets additions		(13,330)
Net Cash Used in Investing Activities		(13,330)
Financing Activities:
Proceeds received from notes and loans payable		25,000	59,500
Proceeds from sale of Series B preferred stock		249,000
Net Cash Provided by Financing Activities		274,000	59,500
Increase (decrease) in cash and cash equivalents		52,465	(371)
Cash and cash equivalents, beginning of period		1,652	30,193
Cash and cash equivalents, end of period		54,117	29,822
SUPPLEMENTAL CASH FLOW INFORMATION:
Income taxes paid
Interest paid
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Issuance of common stock in satisfaction of debt			65,000
Issuance of Series A preferred stock in satisfaction of officers compensation		$ 202,800
Issuance of common stock in satisfaction of accrued interest			$ 7,837

[1] Net of prepaid stock-based consulting fees