Canbiola, Inc. - Consolidated Statements of Cash Flows - USD ($)		6 Months Ended
		Jun. 30, 2018	Jun. 30, 2017
Operating Activities:
Net loss		$ (567,318)	$ (484,348)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock-based compensation	[1]	758,177	37,229
Loss on stock issuance		185,104
Loss on debt conversion		57,738
Debt issuance expense		14,000
Expense from derivative liability		(844,051)	53,655
Depreciation of property and equipment		1,604	1,614
Amortization of intangible assets			1,986
Amortization of debt discounts		54,165	153,105
Changes in operating assets and liabilities:
Accounts receivable, increase decrease		(8,057)	(10,948)
Inventory, increase decrease		2,712	(10,946)
Prepaid expenses, increase decrease			2,500
Accounts payable, increase decrease		(10,906)	48,896
Accrued officers compensation, increase decrease		72,500	36,000
Other accrued expenses payable, increase decrease		10,607	17,321
Net Cash Used in Operating Activities		(273,725)	(153,936)
Investing Activities:
Fixed assets additions		(38,355)
Net Cash Used in Investing Activities		(38,355)
Financing Activities:
Proceeds received from notes and loans payable		135,000	124,000
Proceeds from sale of Series B preferred stock		249,000
Net Cash Provided by Financing Activities		384,000	124,000
Increase (decrease) in cash and cash equivalents		71,920	(29,936)
Cash and cash equivalents, beginning of period		1,652	30,193
Cash and cash equivalents, end of period		73,572	257
SUPPLEMENTAL CASH FLOW INFORMATION:
Income taxes paid
Interest paid
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Issuance of common stock in satisfaction of debt		15,000	65,000
Issuance of common stock in satisfaction of directors fees		185,400
Issuance of common stock in satisfaction of accrued interest		$ 4,246	$ 7,837

[1] Net of prepaid stock-based consulting fees