Canbiola, Inc. - Consolidated Balance Sheets - USD ($)		Jun. 30, 2018	Dec. 31, 2017
Current Assets:
Cash and cash equivalents		$ 73,572	$ 1,652
Accounts receivable, less allowance for doubtful accounts	[1]	14,132	6,075
Inventory		7,122	9,834
Notes receivable - current		75,000	75,000
Prepaid expenses - current		879,744	64,911
TOTAL CURRENT ASSETS		1,049,570	157,472
Property and equipment, less accumulated depreciation	[2]	47,899	11,148
Other Assets:
Security Deposit		11,687	11,687
Prepaid expenses - noncurrent		244,518
Note receivable - noncurrent		39,000	39,000
Total other assets		295,205	50,687
Total Assets		1,392,674	219,307
Current Liabilities:
Notes and loans payable		261,669	193,504
Derivative Liability		727,086	1,451,137
Accounts payable		132,368	143,274
Accrued officers compensation		171,250	98,750
Other accrued expenses payable		68,901	62,539
Total current liabilities and total liabilities		1,361,274	1,949,204
Commitments and Contingencies	[3]
Stockholders' Deficiency:
Preferred stock Series A		1,786,537	243,537
Preferred stock Series B		344	150
Common stock		13,028,907	12,524,042
Additional Paid-in Capital		346,406	149,850
Additional Paid-in Capital - Stock Options	[4]	84,000
Accumulated deficit		(15,214,794)	(14,647,476)
TOTAL STOCKHOLDERS' DEFICIENCY		31,400	(1,729,897)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIENCY		$ 1,392,674	$ 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 $21,852 and $20,248, respectively.

[3] See Notes 12 and 13

[4] See Note 10