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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549



FORM 10-QSB

(Mark One)



[X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934  For the quarterly period ended December 31, 2003



or



[  ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934  For the transition period from _________ to _________





COMMISSION FILE NUMBER: 000-30230



INTERACTIVE MULTIMEDIA NETWORK, INC.

(Exact name of registrant as specified in its charter)



DELAWARE

65-0488983

(State or other jurisdiction of

(IRS Employer

incorporation or organization)

Identification No.)



3163 KENNEDY BOULEVARD, JERSEY CITY, NEW JERSEY 07306

(Address, including zip code, of principal executive offices)



(201) 217-4137

(Registrant's telephone number, including area code)



Indicate by check mark whether the registrant  (1) has filed all  documents and reports required to be filed by Sections 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filings for the past 90 days.   YES  (X)     NO   ( )



APPLICABLE ONLY TO CORPORATE ISSUERS:





As of December 31, 2003 the number of the Company's shares of par value $.001 common stock outstanding was 9,850,211.







Transitional Small Business Disclosure format (check one):  Yes [  ]  No [X]







SEC 2334 (3-03)

Potential persons who are to respond to the collection of information contained in this form are not

required  to  respond unless the  form displays a currently valid OMB control number.



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INTERACTIVE MULTIMEDIA NETWORK, INC.

FORM 10-QSB

December 31, 2003





INDEX







|Part I  Financial Information                                                                    |    
|------------------------------------------------------------------------------------------------- | ---
|                                                                                                  |    
|Item 1. Consolidated Financial Statements (Unaudited)                                             | 3  
|                                                                                                  |    
|Item 2. Managements Discussion and Analysis of Financial Condition and                           | 8  
|Results of Operations                                                                             |    
|                                                                                                  |    
|Item 3.  Controls and Procedures                                                                  | 8  
|                                                                                                  |    
|Part II  Other Information                                                                       |    
|                                                                                                  |    
|Item 1.  Legal Proceedings                                                                        | 10 
|                                                                                                  |    
|Item 2.  Changes in Securities and Use of Proceeds                                                | 10 
|                                                                                                  |    
|Item 3. Defaults Upon Senior Securities                                                           | (a)
|                                                                                                  |    
|Item 4. Submission of Matters to a Vote of Security Holders                                       | (a)
|                                                                                                  |    
|Item 5. Other Information                                                                         | (a)
|                                                                                                  |    
|Item 6. Exhibits and Reports on Form 8-K                                                          | 10 
|                                                                                                  |    
|Signature Page                                                                                    | 11 
|                                                                                                  |    
|Index to Exhibits                                                                                 | 12 
|                                                                                                  |    
|                                                                                                  |    
|(a) There are no issues requiring disclosure for these items and they have therefore been omitted























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INTERACTIVE MULTIMEDIA NETWORK, INC.

FORM 10-QSB

December 31, 2003



Part I - FINANCIAL INFORMATION



Item 1 - Financial Statements



|INTERACTIVE MULTIMEDIA NETWORK, INC.
CONSOLIDATED BALANCE SHEET
(UNAUDITED)
|---------------------------------------------------------------------------
|                                                                           
|Assets                                                                     
|                                                                           
|                                                                           
|                                                                           
|                                                                           
|Current Assets                                                             
|                                                                           
|                                                                           
|                                                                           
|                                                                           
|Property and equipment, net                                                
|                                                                           
|                                                                           
|                                                                           
|                                                                           
|Liabilities and Shareholder's Equity                                       
|                                                                           
|Current Liabilities                                                        
|                                                                           
|                                                                           
|                                                                           
|                                                                           
|                                                                           
|                                                                           
|Shareholder's Equity                                                       
|                                                                           
|                                                                           
|                                                                           
|                                                                           
|                                                                           
|                                                                           
|                                                                           
|                                                                           
|                                                                           
|                                                                           
|                                                                           
|                                                                           





Read the accompanying significant accounting notes to financial statements, which are an integral part of this financial statement.

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|INTERACTIVE MULTIMEDIA NETWORK, INC.
CONSOLIDATED STATEMENT OF OPERATIONS
FOR THE THREE AND NINE MONTHS ENDED DECEMBER 31, 2003 AND 2002
(UNAUDITED)
|----------------------------------------------------------------------------------------------------------------------------------------------------
|                                                                                                                                                    
|                                                                                                                                                    
|                                                                                                                                                    
|                                                                                                                                                    
|                                                                                                                                                    
|Revenue                                                                                                                                             
|                                                                                                                                                    
|Cost of Revenue                                                                                                                                     
|                                                                                                                                                    
|Gross Profit                                                                                                                                        
|                                                                                                                                                    
|Operating expenses:                                                                                                                                 
|Marketing                                                                                                                                           
|Research & Development                                                                                                                              
|Consulting services                                                                                                                                 
|Rent                                                                                                                                                
|Selling, general and administrative expenses                                                                                                        
|Total operating expenses                                                                                                                            
|                                                                                                                                                    
|Income/(Loss) before other income (expense)                                                                                                         
|                                                                                                                                                    
|Other income (expense):                                                                                                                             
|                                                                                                                                                    
|Interest expense                                                                                                                                    
|Total other income (expense)                                                                                                                        
|                                                                                                                                                    
|                                                                                                                                                    
|Net income before minority interest                                                                                                                 
|                                                                                                                                                    
|                                                                                                                                                    
|Minority interest in net income/(loss) of subsidiary                                                                                                
|                                                                                                                                                    
|Net Loss                                                                                                                                            
|                                                                                                                                                    
|Basic weighted average common shares outstanding                                                                                                    
|                                                                                                                                                    
|Basic and diluted Loss per common share                                                                                                             
|                                                                                                                                                    



























Read the accompanying significant accounting notes to financial statements, which are an integral part of this financial statement.

---



|INTERACTIVE MULTIMEDIA NETWORK, INC.
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE NINE MONTHS ENDED DECEMBER 31, 2003 AND 2002
(UNAUDITED)
|------------------------------------------------------------------------------------------------------------------------------------------
|                                                                                                                                          
|                                                                                                                                          
|                                                                                                                                          
|                                                                                                                                          
|CASH FLOWS FROM OPERATING ACTIVITIES:                                                                                                     
|                                                                                                                                          
|Net Income (Loss)                                                                                                                         
|Adjustments to reconcile net income (loss) to net cash                                                                                    
|used in operating activities:                                                                                                             
|                                                                                                                                          
|                                                                                                                                          
|                                                                                                                                          
|                                                                                                                                          
|                                                                                                                                          
|Changes in Operating assets and liabilities:                                                                                              
|                                                                                                                                          
|                                                                                                                                          
|                                                                                                                                          
|Net cash provided by/(used in) operating activities                                                                                       
|                                                                                                                                          
|                                                                                                                                          
|CASH FLOWS FROM INVESTING ACTIVITIES:                                                                                                     
|                                                                                                                                          
|Minority interest paid in capital from subsidiary acquisition                                                                             
|Minority interest in income/(loss)                                                                                                        
|Purchase of property and equipment                                                                                                        
|                                                                                                                                          
|Net cash provided by/(used in) investing activities                                                                                       
|                                                                                                                                          
|                                                                                                                                          
|CASH FLOWS FROM FINANCING ACTIVITIES:                                                                                                     
|                                                                                                                                          
|Loans from shareholders                                                                                                                   
|                                                                                                                                          
|Net cash provided by/(used in) financing activities                                                                                       
|                                                                                                                                          
|Net increase (decrease) in cash and cash equivalents                                                                                      
|Cash and cash equivalents, beginning of period                                                                                            
|                                                                                                                                          
|Cash and cash equivalents, end of period                                                                                                  
|                                                                                                                                          
|Supplemental information:                                                                                                                 
|                                                                                                                                          
|Issuance of shares 92,115 for inventory balances                                                                                          
|                                                                                                                                          
|Issuance of 250,000 shares for 90% investment in subsidiary                                                                               
|                                                                                                                                          
|Issuance of 100,000 shares for security patent                                                                                            



Read the accompanying significant accounting notes to financial statements, which are an integral part of this financial statement.

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INTERACTIVE MULTIMEDIA NETWORK, INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS



(UNAUDITED)





NOTE 1 BASIS OF PRESENTATION



The accompanying unaudited consolidated financial statements of Interactive Multimedia Network, Inc. have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-QSB and Article 10 of Regulation S-X.  The financial statements reflect all adjustments consisting of normal recurring adjustments which, in the opinion of management, are necessary for a fair presentation of the results for the periods shown.  Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements.



These financial statements should be read in conjunction with the audited financial statements and footnotes thereto included in Interactive Multimedia Network Inc.s form 10-KSB as filed with the Securities and Exchange Commission.



The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and that effect the reported amounts of revenues and expenses during the reporting period.  Actual results could differ from those estimates.





NOTE 2  REVENUE RECOGNITION



Revenues are principally from services and commissions from providing marketing plans, services related to the internet marketing arena and from sales of health related products.  Revenues from marketing and internet related activity are recognized when the services are completed.  Revenues from the sale of health related products are recognized when the product is delivered to the customer.



In December 1999, the Securities and Exchange Commission (SEC) issued Staff Accounting Bulletin No. 101 (SAB 101), Revenue Recognition, which provides guidance on the recognition, presentation and disclosure of revenue in financial statements filed with the SEC.  SAB 101 outlines the basic criteria that must be met to recognize revenue and provide guidance for disclosures related to revenue recognition policies.  Management believes that Interactive Multimedia Network, Inc.s revenue recognition practices are in conformity with the guidelines of SAB 101.



NOTE 3  NET EARNINGS/(LOSS) PER SHARE



Earnings (Loss) per common share are calculated under the provisions of SFAS No. 128, Earnings per Share, which establishes standards for computing and presenting earnings per share.  SFAS No. 128 requires the Company to report both basic earnings (loss) per share, which is based on the weighted-average number of common shares outstanding during the period, and diluted earnings (loss) per share, which is based on the weighted-average number of common shares outstanding plus all potential dilutive common shares outstanding.  Options and warrants are not considered in calculating diluted earnings (loss) per share since considering such items would have an anti-dilutive effect.



NOTE 4  GOING CONCERN



The accompanying financial statements have been prepared assuming the Company will continue as a going concern.  The company reported a net loss of $1,043 (unaudited) for the nine months ended December 31, 2003.  The accumulated deficit reported since inception is $3,789,761(unaudited).  Additional capital and/or borrowings will be necessary in order for the Company to continue in existence until attaining and sustaining profitable operations.  Management has continued to develop a strategic plan to develop a management team, maintain reporting compliance and seek new expansive areas in marketing through multiple media channels.  Management intends to seek new capital from new equity security issuances that will provide funds needed to increase liquidity, fund internal growth, and fully implement its business plan.



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INTERACTIVE MULTIMEDIA NETWORK, INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS



(UNAUDITED)



NOTE 5  BUSINESS SEGMENT INFORMATION



The Companys segment information has been prepared in accordance with Financial Accounting Standards Board (FASB) Statement of Financial Accounting Standards (SFAS) No. 131, Disclosures about Segments of an Enterprise and Related Information.  Segments were determined based on products and services provided by each segment.  Accounting policies of the segments are the same as those described in the summary of significant accounting policies.  Performance of the segments is evaluated on operating income (loss) before taxes, interest income or expense and other income or (loss).  The Company has elected to organize it businesses based principally upon products and services.   Interactive Multimedia Network, Inc. has two reportable segments:  Marketing, including services related to the internet marketing arena and sales or commissions from the sale or lease of vehicles.



For the three months ended December 31, 2003 (unaudited)

Marketing &

Internet        Health

Corporate   Consolidated

Services      Products

and Other         Total



Net sales to external customers   $   29,549     $      -

$          -

$    29,549

Intersegment revenues

-

-

-



- .

Segment operating profit (loss)   4,874             -

(14,944)          (10,070)

Segment assets

$   57,245      $     239         $          -

$    57,484.



For the three months ended December 31, 2002 (unaudited)

Marketing &

Internet        Health

Discontinued

Corporate   Consolidated

Services      Products

Operations

and Other         Total



Net sales to external customers   $   28,600      $ (2,580)

$      -

$          -

$    26,020

Intersegment revenues

-

-

-



-



- .

Segment operating profit (loss)   22,496           3,792

-



(36,892)          (10,604)

Segment assets

$   42,540         66,114

$      -

$  135,100

$  243,109.



For the nine months ended December  31, 2003 (unaudited)

Marketing &

Internet        Health

Corporate   Consolidated

Services      Products

and Other         Total



Net sales to external customers   $  49,349      $      -

$          -

$    49,349

Intersegment revenues

-

-

-



- .

Segment operating profit (loss)  24,602             -

(27,392)           (2,790)

Segment assets

$   57,245      $     239         $          -

$    57,484.



For the nine months ended December 31, 2002 (unaudited)



Marketing &

Internet        Health

Discontinued

Corporate   Consolidated

Services      Products

Operations

and Other         Total

Net sales to external customers   $   35,600      $      48

$      -

$          -

$     35,648

Intersegment revenues

-

-

-



-



- .

Segment operating profit (loss)   14,496       (25,739)

-



(158,437)        (169,680)

Segment assets

$   42,715        66,236

$      -

$  135,100

$  244,052.



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INTERACTIVE MULTIMEDIA NETWORK, INC.

FORM 10-QSB

December 31, 2003



ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.



Results of Operations



Three and nine months ended December 31, 2003 and 2002



During the three month period ending December 31, 2003, the Company realized a loss of $10,070 compared to a loss of $10,604 for the same period ended December 31, 2002.



During the nine month period ending December 31, 2003, the Company realized a loss of $1,043 compared to a loss of $168,054 for the same period ended December 31, 2002.  The main component contributing to the decrease in loss from year to year was an decrease in research & development as well as a decrease in consulting services.



Revenues



During the three month period ending December 31, 2003, the Companys revenues from operations $29,549 compared to $29,780 for the same period ended December 31, 2002.



During the nine month period ending December 31, 2003, the Companys revenues from operations $49,349 compared to $35,648 for the same period ended December 31, 2002.



Revenues are principally from services and commissions from providing marketing plans, services related to the internet marketing arena and sales from health related products . Revenues from marketing and internet related activity are recognized when the services are completed.  Sales from health related products are recognized when the product is shipped.



Operating Expenses



During the three months ended December 31, 2003, the company incurred $37,966 in operating expenses from operations as compared to $38,551 in the same period in 2002.



During the nine months ended December 31, 2003, the company incurred $47,108 in operating expenses from operations as compared to $196,995 in the same period in 2002. This decrease was primarily due to minimal operating expenses in the current year due to decreased operations.



Material changes in financial condition, liquidity and capital resources



At December 31, 2003, the Company had $1,141 in cash and cash equivalents.  The Company had a negative working capital of approximately $817,674 at December 31, 2003.  The Companys operations are not generating sufficient cash to maintain its present operations.  The Companys cash resources are determined entirely on the volume of sales and services generated and we currently cannot estimate how much they will contribute to our cash flow.  The company has reviewed all non-essential activities and expenditures and has aggressively curtailed these items to assist in reducing the cash used in operating activities.















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INTERACTIVE MULTIMEDIA NETWORK, INC.

FORM 10-QSB

December 31, 2003



Item 3.   Controls and Procedures



Evaluation of Disclosure Controls and Procedures



The Companys chief executive officer has evaluated the effectiveness of the Companys disclosure controls and procedures as of December 31, 2003 (the Evaluation).  Based on this evaluation, the Companys chief executive officer concluded that the disclosure controls and procedures are effective for gathering, analyzing and disclosing the information the Company is required to disclose in the reports it files under the Securities Exchange Act of 1934, within the time periods specified in the Securities and Exchange Commissions rule and forms.  There were no changes in the Companys internal controls over financial reporting that occurred during the quarter ended December 31, 2003, that have materially affected, or is reasonably likely to materially affect, the Companys internal controls over financial reporting.





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INTERACTIVE MULTIMEDIA NETWORK, INC.

FORM 10-QSB

December 31, 2003









PART II - OTHER INFORMATION



Item 1.  Legal Proceedings.



Please refer to the Form 10-KSB filed on July 14, 2003 for information regarding pending legal proceedings  involving the Company or its subsidiaries.  As of the date of this filing, there have been no material developments in any of these outstanding legal proceedings.



Item 2.  Changes in Securities.



NONE



Item 3.  Defaults Upon Senior Securities.





NONE



Item 4.  Submission of Matters to a Vote of Security-Holders.



NONE



Item 5.  Other Information.



NONE



Item 6. Exhibits and Reports on Form 8K.



(a)

Exhibits



Exhibit 31.1  Certification required by Rule 13a-14(a) or Rule 15d-14(a).



Exhibit 32.1  Certification required by Rule 13a-14(b) or Rule 15d-14(b) and section 906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350.





(b) Reports on Form 8K.  The company filed no reports on Form 8K during the period covered by this report.

















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INTERACTIVE MULTIMEDIA NETWORK, INC.

FORM 10-QSB

December 31, 2003







SIGNATURES



In accordance with the requirements of the Security Exchange Act of 1934, the Registrant has caused this report to be signed on its behalf by the undersigned, duly authorized.



INTERACTIVE MULTIMEDIA NETWORK, INC.







Date:  February 17, 2004



By: /s/ Richard J. Verdiramo

------------------------------------------------------

Richard J. Verdiramo, President and CEO























































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|INDEX TO EXHIBITS                                                                                                                                                                                                                | 
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | 
|Exhibit 31.1  Certification required by Rule 13a-14(a) or Rule 15d-14(a).

Exhibit 32.1  Certification Required by Rule 13a-14(b) or Rule 15d-14(b) and section 906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350. | 
|                                                                                                                                                                                                                                 |