UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549



FORM 10QSB



QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934



FOR THE PERIOD ENDED:  September 30, 2002



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 September 30, 2002 the number of the Company's shares of par value $.001

common stock outstanding was 9,647,079.







































<PAGE>  1

INTERACTIVE MULTIMEDIA NETWORK, INC.

FORM 10-QSB

September 30, 2002



INDEX



Part I - FINANCIAL INFORMATION



Item 1 - Financial Statements



Balance Sheet.........................................................3



Statements of Operation...............................................4



Statements of Cash Flow...............................................5



Notes to Financial Statements.........................................6



Item 2 - Management's Discussion and Analysis of Financial

Condition and Results of Operations..........................9



PART II - OTHER INFORMATION..........................................11



SIGNATURES...........................................................11













































































<PAGE>  2

INTERACTIVE MULTIMEDIA NETWORK, INC.

FORM 10-QSB

September 30, 2002



Part I - FINANCIAL INFORMATION



Item 1 - Financial Statements





INTERACTIVE MULTIMEDIA NETWORK, INC.

CONSOLIDATED BALANCE SHEET

(UNAUDITED)





ASSETS

September 30, 2002

Current Assets

Cash and cash equivalents                                   $        2,169

Accounts Receivable                                                    185

Inventory                                                           60,597

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

Total current assets                                            62,952

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

Property and equipment, net                                             45,702



Investment in affiliates                                               135,100

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

TOTAL ASSETS                                            243,754

===============



LIABILITIES AND SHAREHOLDER'S EQUITY

Current Liabilities

Accounts payable                                                   513,148

Other current liabilities                                          317,400

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

Total current liabilities                                      830,548

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

Other Liabilities (principally related parties)                     88,309

Minority Interest                                                   (1,627)



Shareholder's Equity

Preferred Stock, $.001 par value; authorized 5,000,000

shares: issued and outstanding none in 2002 and 2001                  -

Common Stock, $.001 par value; authorized

25,000,000 shares; issued and outstanding 9,647,079                9,647

Paid in Capital                                                  2,640,309

Common Stock options; 2,000,000 issued and outstanding             330,000

Accumulated Deficit                                             (3,653,431)

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

Total Shareholder's Equity/(Deficit)                          (673,475)

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

TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY         $      243,754

===============















Read the accompanying notes to financial statements, which are an integral part

of this financial statement.

<page>  3

INTERACTIVE MULTIMEDIA NETWORK, INC.

CONSOLIDATED STATEMENT OF OPERATIONS

FOR THE THREE AND SIX MONTHS ENDED SEPTEMBER 30, 2002 AND 2001

(UNAUDITED)



Three months ended              Six months ended

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

September       September       September      September

30, 2002        30, 2001        30, 2002       30, 2001

(Unaudited)     (Unaudited)     (Unaudited)    (Unaudited)

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

Revenue                    $       2,480   $      25,000   $       9,628   $      45,000

Cost of Revenue                       80             -             6,732           4,500

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

Gross Profit                       2,400          25,000           2,895          40,500

Operating expenses:

Marketing                          -               -             7,121             -

Research & development             -               -            60,000             -

Consulting services                -               -            45,000             -

Rent                               300           4,031             600           4,331

Payroll and related

benefits                         -             1,000             -             4,000

Selling, general and

administrative expenses         7,324          24,003          30,723          29,618

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

Total operating expenses           7,624          29,034         143,444          37,949

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

Income(Loss) before

other income (expense)          (5,224)         (4,034)       (140,549)          2,551

Other income (expense):

Interest income                  -               -               -               -

Interest expense

(principally related

party)                     (2,027)         (1,279)         (3,527)         (2,558)

Other income

Gain on disposal

of asset                        -            16,000             -            16,000

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

Total other income

(expense)                       (2,027)         14,721          (3,527)         13,442

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

Income from continuing

operations                      (7,251)         10,687        (144,076)         15,993

Discontinued operations:

Income (Loss) from

operations of

discontinued subsidiary            -          (122,187)            -          (112,605)

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

Net income/(Loss) before

minority interest               (7,251)       (111,500)       (144,076)        (96,613)

Minority interest in net

income/(loss) of

subsidiary                         -               -            (1,627)           -

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

Net Loss                   $      (7,251)  $    (111,500)  $    (142,449)  $     (96,613)

==============  ==============  ==============  ==============

Basic weighted average

common shares outstanding     9,647,079       8,315,964       9,088,426       8,315,964

==============  ==============  ==============  ==============

Basic and diluted loss per

common share             $       (0.00)  $       (0.01)  $       (0.02)  $       (0.01)

==============  ==============  ==============  ==============









Read the accompanying notes to financial statements, which are an integral part

of this financial statement.

<page>  4

INTERACTIVE MULTIMEDIA NETWORK, INC.

CONSOLIDATED STATEMENT OF CASHFLOWS

FOR THE SIX MONTHS ENDED SEPTEMBER 30, 2002 AND 2001

(UNAUDITED)



Six months ended

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

Sept 30, 2002  Sept 30, 2001

(Unaudited)    (Unaudited)

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

CASH FLOWS FROM OPERATING ACTIVITIES:

Net Income (Loss)                                    $   (142,449)  $    (96,613)

Adjustments to reconcile net income (loss) to net

cash used in operating activities:

Depreciation and amortization                             5,078        23,939

Issuance of stock for services                           45,000           -

Issuance of stock for research &                         60,000           -

development costs

Accrued interest - Shareholders loan                      3,400         2,558

Office rent applied to paid in capital                      600           600

Changes in Operating assets and liabilities:

Accounts Receivable                                         615           -

Inventory                                                   -         148,571

Other Current Assets                                        -          (2,656)

Other Assets                                                -          (3,731)

Accounts Payable and Accrued Liabilities                  8,609       (52,747)

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

Net cash provided by/(used in) operating activities       (19,148)        19,921

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

CASH FLOWS FROM INVESTING ACTIVITIES:

Sale of minority interest in subsidiary                    15,000            -

Minority interest portion of net income/(loss) of

subsidiary                                               (1,627)           -

Purchase of property and equipment                         (4,000)           -

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

Net cash provided by/(used in) investing activities         9,373            -

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

CASH FLOWS FROM FINANCING ACTIVITIES:

Proceeds from:

Notes payable, principally related parties                   -              -

Share subscriptions collected                                -              -

Loans from Shareholders                                   10,000            -

Issuance of stock - minority interest                        -              -

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

Net cash provided by/(used in) financing activitie         10,000            -

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



Net increase (decrease) in cash and cash equivalents          225         19,921



Cash and cash equivalents, beginning of period              1,944            118

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

Cash and cash equivalents, end of period             $      2,169   $     20,039

=============  =============

SUPPLEMENTAL INFORMATION:

Issuance of shares 92,115 for inventory balances           60,597

Issuance of 250,000 shares for 90% investment in

subsidiary                                              135,000

Issuance of 100,000 shares for security patent                100





Read the accompanying notes to financial statements, which are an integral part

of this financial statement.

<page>  5

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.









<page>  6

INTERACTIVE MULTIMEDIA NETWORK, INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)



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 $142,449

(unaudited)  for  the six months ended September 30, 2002.  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.



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 September 30, 2002 (unaudited)



Marketing &

Internet      Health        Discontinued  Corporate     Consolidated

Services      Products      Operations    and Other     Total

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

Net sales to external

customers                 $     2,400   $        80   $       -     $       -     $     2,480

Intersegment revenues               -             -             -             -             -

Segment operating profit

(loss)                          2,400        (1,089)          -          (8,562)       (7,251)

Segment assets              $    42,540   $    66,114   $       -     $   135,100   $   243,109



For the three months ended September 30, 2001 (unaudited)



Marketing &

Internet      Health        Discontinued  Corporate     Consolidated

Services      Products      Operations    and Other     Total

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

Net sales to external

customers                 $   25,000            -     $   391,504   $       -     $   416,504

Intersegment revenues              -              -             -             -             -

Segment operating profit

(loss)                        11,263            -        (138,279)       15,515      (111,501)

Segment assets              $   84,750            -     $    25,264   $       -     $   110,014

















<page>  7

INTERACTIVE MULTIMEDIA NETWORK, INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)



NOTE 5 - BUSINESS SEGMENT INFORMATION (continued)



For the six months ended September 30, 2002 (unaudited)



Marketing &

Internet      Health        Discontinued  Corporate     Consolidated

Services      Products      Operations    and Other     Total

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

Net sales to external

customers                 $     7,000   $     2,628   $       -     $       -     $     9,628

Intersegment revenues               -              -            -             -             -

Segment operating profit

(loss)                         7,000        (29,531)          -        (121,545)     (144,076)

Segment assets              $   42,540    $    66,114   $       -     $   135,100   $   243,754





For the six months ended September 30, 2001 (unaudited)



Marketing &

Internet      Health        Discontinued  Corporate     Consolidated

Services      Products      Operations    and Other     Total

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





Net sales to external

customers                 $    45,000            -    $ 1,238,933   $       -     $ 1,283,933

Intersegment revenues               -              -            -             -             -

Segment operating profit

(loss)                         26,763            -       (115,763)       (7,613)      (96,613)

Segment assets              $    42,540   $     66,114  $       -     $   135,100   $   243,754































































<page>  8

INTERACTIVE MULTIMEDIA NETWORK, INC.

FORM 10-QSB

September 30, 2002



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

AND  RESULTS  OF  OPERATIONS.



General



The  discussion  and analysis set forth below should be read in conjunction with

our  Financial  Statements  and the related Notes thereto appearing elsewhere in

this  quarterly report.  The  information presented  for  the six  months  ended

September 30,  2002 and 2001 was  derived from  unaudited  financial  statements

which, in our  opinion, reflect  all  adjustments  (consisting  only  of  normal

recurring adjustments) necessary for a fair presentation.



Forward  Looking-Statements.  When  used  in  this  report,  press  releases and

elsewhere  by  the  management  of  the  Company  from  time  to time, the words

"believes", "anticipates", and "expects" and similar expressions are intended to

identify   forward-looking   statements   that   involve   certain   risks   and

uncertainties. Additionally, certain statements contained in this discussion may

be  deemed  forward-looking  statements  that  involve  a  number  of  risks and

uncertainties.  Among  the  factors  that  could  cause actual results to differ

materially  are  the  following:  the ability of the Company to meet its working

capital  and  liquidity  needs, the status of relations between the Company, its

primary  customers  and  distributors,  the  availability  of  long-term credit,

unanticipated   changes  in  the  U.S.  and  international  economies,  business

conditions and the timely development and acceptance of new products, the impact

of  competitive products and pricing, and other risks detailed from time to time

in  the Company's SEC reports. Readers are cautioned not to place undue reliance

on  these forward-looking statements which speak only as of the date hereof. The

Company  undertakes  no obligation to publicly release the results of any events

or  circumstances  after  the  date  hereof  or  to  reflect  the  occurrence of

unanticipated  events.



RESULTS OF OPERATIONS



Three And Six Months Ended September 30, 2002 And 2001



During the three month period ending September 30, 2002, the Company incurred a

loss  of  $7,251  compared  to  a  loss  of  $111,500 for the same period ended

September 30, 2001. Gross profit for the three  month  period  ending September

30,  2002 decreased by approximately $22,600 compared to the same  period  last

year.   Operating expenses for the three month period ending September 30, 2002

decreased by approximately $21,400 compared to the same period last year.



During the  six  month period ending September 30, 2002, the Company incurred a

loss of $142,449 compared  to  a  loss  of  $96,613  for  the same period ended

September 30, 2001. Gross profit for the six month period ending  September 30,

2002 decreased by approximately $37,605 compared to the same period  last year.

Operating expenses for the six month period ending September 30, 2002 increased

by approximately $105,495 compared to the same period last year.





















<page>  9

REVENUES



During the three month period ending September 30, 2002, the Company's revenues

were  $2,480 compared to $25,000 for the same period ended September 30,  2001.

The decrease  is  due  to  less  marketing  revenue  in the current three month

period.  During the six month period ending September  30,  2002, the Company's

revenues  were $9,628 compared to $45,000 for the same period  ended  September

30, 2001. This  decrease  is  due  to less marketing revenue in the current and

prior  three  month  period.   Revenues   are  principally  from  services  and

commissions from providing marketing plans,  services  related  to the internet

marketing arena and 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 products are recognized when the product is

delivered to the customer.  The decrease in revenue from year to year is due to

a decrease in Internet marketing.



OPERATING EXPENSES



During the three months ended  September  30, 2002, the company incurred $7,624

in operating expenses as compared to $29,034  in the same period in 2001.  This

decrease  is due to less selling, general and administrative  expenses  in  the

current three month period. During the six months ended September 30, 2002, the

company incurred  $143,444  in operating expenses as compared to $37,949 in the

same  period in 2001.  This increase  was  primarily  driven  in  the  area  of

research & development and consulting expenses.



MATERIAL CHANGES IN FINANCIAL CONDITION, LIQUIDITY AND CAPITAL RESOURCES



At September  30,  2002,  the  Company  had $2,169 in cash and cash equivalents

compared to $20,039 for the same period in  2001.   The  Company had a negative

working capital of approximately $767,596 at September 30, 2002.  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. To date we have

reduced our monthly expenses drastically.   With  the  ceasing of operations at

AutoSmart USA, our monthly expenses are currently below  $5,000.  At this lower

"burn  rate"  we  believe  we  can  continue  to provide our current  level  of

operations.  The Company has also involved itself in the health related product

arena  by purchasing two entities with the issuance  of  the  Company's  stock.

These entities  will  allow  the company to explore and develop products in the

health care arena.





































<PAGE>  10

INTERACTIVE  MULTIMEDIA  NETWORK,  INC.

FORM  10-QSB

September 30, 2002



PART II - OTHER INFORMATION



Item 1.  Legal Proceedings.



Please  refer to  the  Form  10-KSB  filed on  August 9,  2002  for  information

regarding   any  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.



NONE



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 8-K.



(a)      Exhibits:



(b)      Reports on Form 8-K



NONE









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:  November 19, 2002

By: /s/ Richard J. Verdiramo

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

Richard J. Verdiramo, President