----

----

| LIFESTYLE MEDICAL NETWORK, INC.                        |
|--------------------------------------------------------|
| (Exact Name of Registrant as Specified in Its Charter) |

|  NEVADA                                                         |   |  13-1026995                  |
|----------------------------------------------------------------------|--------|---------------------------------------------|
|  (State of other jurisdiction of incorporation or organization) |   |   (I.R.S. Employer Identification No.) |

| 201 SOUTH ORANGE AVE., SUITE 1510, ORLANDO, FLORIDA   |   | 32810  |
|-----------------------------------------------------------------|--------|-------------|
|  (Address of principal executive offices)             |   | (Zip Code)  |

| (407) 514-1230                                  |
|------------------------------------------------------|
| (Registrant's Telephone Number, Including Area Code) |

| Emerging Media Holdings, Inc.                                                      |
|------------------------------------------------------------------------------------|
| (Former name, former address and former fiscal year, if changed since last report) |

----

|                                                                                                                                                                                      | Page      |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------|
|                                                                                                                                                                                      |      |
| Part I.  Financial Information                                                                                                                                                  | 1         |
|                                                                                                                                                                                      |      |
| Item 1. Financial Statements.                                                                                                                                                             | 1         |
|                                                                                                                                                                                      |      |
| Consolidated Balance Sheets as of June 30, 2012 and December 31, 2011 (unaudited)                                                                                                         | 2         |
|                                                                                                                                                                                      |      |
| Consolidated Statements of Operations for the six and three months Ended June 30, 2012 and 2011, and for the Period October 8, 2010 (Date of Formation) through June 30, 2012 (unaudited) | 3         |
|                                                                                                                                                                                      |      |
| Consolidated Statement of Stockholders’ Equity for the Period October 8, 2010 (Date of Formation) through June 30, 2012 (unaudited)                                                 | 4         |
|                                                                                                                                                                                      |      |
| Consolidated Statements of Cash Flows for the six months Ended June 30, 2012 and 2011, and for the Period October 8, 2010 (Date of Formation) through June 30, 2012 (unaudited)           |   5  |
|                                                                                                                                                                                      |      |
| Notes to Unaudited Consolidated Financial Statements                                                                                                                                      |   7  |
|                                                                                                                                                                                      |      |
| Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.                                                                                      |   15 |
|                                                                                                                                                                                      |      |
| Item 3. Quantitative and Qualitative Disclosures About Market Risk.                                                                                                                       |   17 |
|                                                                                                                                                                                      |      |
| Item 4.Controls and Procedures.                                                                                                                                                           |   17 |
|                                                                                                                                                                                      |      |
| Part II. Other Information                                                                                                                                                                |      |
|                                                                                                                                                                                      |      |
| Item 6.  Exhibits.                                                                                                                                                              |   18 |
|                                                                                                                                                                                      |      |
| Signatures                                                                                                                                                                                |   19 |

----

| ITEM 1.   CONSOLIDATED FINANCIAL STATEMENTS. |
|--------------------------------------------------------|

----

| LIFESTYLE MEDICAL NETWORK INC. AND SUBSIDIARIES                                 |   |
|---------------------------------------------------------------------------------|--------|
| (Formerly EMERGING MEDIA HOLDINGS INC. AND SUBSIDIARIES)                        |   |
| (a Development Stage Company)                                                   |   |
| CONSOLIDATED BALANCE SHEETS                                                     |   |
| (Unaudited)                                                                     |   |
|                                                                            |   |   |   |   |   |   |
| ASSETS                                                                          |   |
|                                                                            |   |   |   |   |   |   |
|                                                                            |   | June 30, |   |   | December 31, |   |
|                                                                            |   | 2012 |   |   | 2011 |   |
| CURRENT ASSETS:                                                                 |   |   |   |   |   |   |
|     Cash and cash equivalents                               |   | $ | 20,401 |   |   | $ | 33 |   |
|     Loan receivable                                         |   |   | 36,500 |   |   |   | - |   |
|                                                                            |   |   | 56,901 |   |   |   | 33 |   |
|                                                                            |   |   |   |   |   |   |   |   |
| Intangible assets - net                                                         |   |   | 6,000,000 |   |   |   | 6,000,000 |   |
| Other assets                                                                    |   |   | 6,000 |   |   |   | - |   |
| TOTAL ASSETS                                                                    |   | $ | 6,062,901 |   |   | $ | 6,000,033 |   |
|                                                                            |   |   |   |   |   |   |   |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY                                            |   |
|                                                                            |   |   |   |   |   |   |   |   |
| CURRENT LIABILITIES:                                                            |   |   |   |   |   |   |   |   |
|   Short-term debt                                                     |   | $ | 565,000 |   |   | $ | 3,000,000 |   |
|   Accrued expenses                                                    |   |   | 29,025 |   |   |   | 356,200 |   |
|                                                                            |   |   |   |   |   |   |   |   |
|        Total Current Liabilities             |   |   | 594,025 |   |   |   | 3,356,200 |   |
|                                                                            |   |   |   |   |   |   |   |   |
|                                                                            |   |   |   |   |   |   |   |   |
| Commitments and Contingencies                                                   |   |   | - |   |   |   | - |   |
|                                                                            |   |   |   |   |   |   |   |   |
| STOCKHOLDERS' EQUITY:                                                           |   |   |   |   |   |   |   |   |
| Common stock, $.001 par value, 200,000,000 shares                               |   |   |   |   |   |   |   |   |
| authorized; 25,205,101 and 6,195,101 shares issued and 25,204,983 and 6,194,983 |   |   |   |   |   |
| shares outstanding at June 30, 2012 and December 31, 2011, respectively         |   |   | 25,205 |   |   |   | 6,195 |   |
| Additional paid-in-capital                                                      |   |   | 6,212,672 |   |   |   | 3,003,342 |   |
| Deficit                                                                         |   |   | (759,764 | ) |   |   | (356,467 | ) |
| Less: Cost of common stock in treasury, 118 and 118 shares                      |   |   |   |   |   |   |   |   |
| at June 30, 2012 and December 31, 2011, respectively                            |   |   | (9,237 | ) |   |   | (9,237 | ) |
| Total Stockholders' Equity                                                      |   |   | 5,468,876 |   |   |   | 2,643,833 |   |
|                                                                            |   |   |   |   |   |   |   |   |
|       TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY  |   | $ | 6,062,901 |   |   | $ | 6,000,033 |   |
|                                                                            |   |   |   |   |   |   |   |   |

----

| LIFESTYLE MEDICAL NETWORK INC. AND SUBSIDIARIES          |   |
|----------------------------------------------------------|--------|
| (Formerly EMERGING MEDIA HOLDINGS INC. AND SUBSIDIARIES) |   |
| (a Development Stage Company)                            |   |
| CONSOLIDATED STATEMENTS OF OPERATIONS                    |   |
| (Unaudited)                                              |   |
|                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   | For the Period |   |
|                                                     |   | For the Three Months Ended |   |   | For the Six Months Ended |   |   | October 8, 2010 (Date of Formation)through |   |
|                                                     |   | June 30, |   |   | June 30, |   |   |  June 30, |   |
|                                                     |   | 2012 |   |   | 2011 |   |   | 2012 |   |   | 2011 |   |   | 2012 |   |
| Revenues                                                 |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |
|                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Costs and expenses:                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Selling, general and administrative expenses |   |   | 193,833 |   |   |   | - |   |   |   | 354,772 |   |   |   | - |   |   |   | 591,239 |   |
|                                                     |   |   | 193,833 |   |   |   | - |   |   |   | 354,772 |   |   |   | - |   |   |   | 591,239 |   |
|                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss from operations                                     |   |   | (193,833 | ) |   |   | - |   |   |   | (354,772 | ) |   |   | - |   |   |   | (591,239 | ) |
|                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other income (expense):                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Interest expense                             |   |   | - |   |   |   | (30,000 | ) |   |   | 48,525 |   |   |   | (30,000 | ) |   |   | (168,525 | ) |
|                                                     |   |   | - |   |   |   | (30,000 | ) |   |   | 48,525 |   |   |   | (30,000 | ) |   |   | (168,525 | ) |
|                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss from operations before                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   provision for income taxes                   |   |   | (193,833 | ) |   |   | (30,000 | ) |   |   | (403,297 | ) |   |   | (30,000 | ) |   |   | (759,764 | ) |
|                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Provision for income taxes                               |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss                                                 |   | $ | (193,833 | ) |   | $ | (30,000 | ) |   | $ | (403,297 | ) |   | $ | (30,000 | ) |   | $ | (759,764 | ) |
|                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss per common share                                    |   | $ | (0.01 | ) |   | $ | (0.01 | ) |   | $ | (0.01 | ) |   | $ | (0.01 | ) |   |   |   |   |
|                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average common shares outstanding               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    - basic and diluted                    |   |   | 25,204,983 |   |   |   | 5,000,000 |   |   |   | 17,264,661 |   |   |   | 5,000,000 |   |   |   |   |   |

----

| LIFESTYLE MEDICAL NETWORK INC. AND SUBSIDIARIES          |   |
|----------------------------------------------------------|--------|
| (Formerly EMERGING MEDIA HOLDINGS INC. AND SUBSIDIARIES) |   |
| (a Development Stage Company)                            |   |
| CONSOLIDATED STATEMENT OF EQUITY                         |   |
| (Unaudited)                                              |   |
|                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                     |   |   |   |   | Common Stock |   |   |  Additional |   |   | Retained |   |   |   |   |
|                                                     |   |   |   |   | Number of |   |   |   |   |   | Paid |   |   | Earnings |   |   | Treasury |   |
|                                                     |   | Total |   |   | Shares |   |   | Amount |   |   | In Capital |   |   | (Deficit) |   |   | Stock |   |
| Balance, October 8, 2010 (Date of Formation)             |   | $ | - |   |   |   | 5,000,000 |   |   | $ | 5,000 |   |   | $ | (5,000 | ) |   | $ | - |   |   | $ | - |   |
|                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, December 31, 2010                               |   |   | - |   |   |   | 5,000,000 |   |   |   | 5,000 |   |   |   | (5,000 | ) |   |   | - |   |   |   | - |   |
|                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Effect of reverse acquisition                            |   |   | - |   |   |   | 1,195,101 |   |   |   | 1,195 |   |   |   | 8,042 |   |   |   | - |   |   |   | (9,237 | ) |
|                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Contribution of capital from shareholders                |   |   | 3,000,300 |   |   |   |   |   |   |   |   |   |   |   | 3,000,300 |   |   |   |   |   |   |   |   |   |
|                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss for the year ended                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   December 31, 2011                            |   |   | (356,467 | ) |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (356,467 | ) |   |   |   |   |
|                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, January 1, 2012                                 |   |   | 2,643,833 |   |   |   | 6,195,101 |   |   |   | 6,195 |   |   |   | 3,003,342 |   |   |   | (356,467 | ) |   |   | (9,237 | ) |
|                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Issuance of common stock for repayment                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   of note payable and accrued interest         |   |   | 3,165,000 |   |   |   | 19,000,000 |   |   |   | 19,000 |   |   |   | 3,146,000 |   |   |   |   |   |   |   |   |   |
|                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Issuance of common stock for services                    |   |   | 5,500 |   |   |   | 10,000 |   |   |   | 10 |   |   |   | 5,490 |   |   |   |   |   |   |   |   |   |
|                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Issuance of warrants                                     |   |   | 57,840 |   |   |   |   |   |   |   |   |   |   |   | 57,840 |   |   |   |   |   |   |   |   |   |
|                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss for the six months ended                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   June 30, 2012                                |   |   | (403,297 | ) |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (403,297 | ) |   |   |   |   |
|                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, June 30, 2012                                   |   | $ | 5,468,876 |   |   |   | 25,205,101 |   |   | $ | 25,205 |   |   | $ | 6,212,672 |   |   | $ | (759,764 | ) |   | $ | (9,237 | ) |

----

| LIFESTYLE MEDICAL NETWORK INC. AND SUBSIDIARIES                 |
|-----------------------------------------------------------------|
| (Formerly EMERGING MEDIA HOLDINGS INC. AND SUBSIDIARIES)        |
| (a Development Stage Company)                                   |
| CONSOLIDATED STATEMENTS OF CASH FLOWS                           |
| (Unaudited)                                                     |
|                                                            |   |   |   |   |   |   |   |   |   |
|                                                            |   |   |   |   |   |   |   |   |   |
|                                                            |   |   |   |   |   |   |   | For the Period October 8, 2010 |   |
|                                                            |   | For The Six Months Ended |   |   | (Date of Formation)through |   |
|                                                            |   | June 30, |   |   |  June 30, |   |
|                                                            |   | 2012 |   |   | 2011 |   |   | 2012 |   |
| Cash flows from operating activities:                           |   |   |   |   |   |   |   |   |   |
| Net loss                                                        |   | $ | (403,297 | ) |   | $ | (30,000 | ) |   | $ | (759,764 | ) |
| Adjustments to reconcile net loss to net cash                   |   |   |   |   |   |   |   |   |   |   |   |   |
|  used in operating activities:                             |   |   |   |   |   |   |   |   |   |   |   |   |
|    Non-cash compensation                         |   |   | 63,340 |   |   |   | - |   |   |   | 63,340 |   |
|    Changes in operating assets and liabilities:  |   |   |   |   |   |   |   |   |   |   |   |   |
|    Increase in other assets                      |   |   | (6,000 | ) |   |   | - |   |   |   | (6,000 | ) |
|    Increase (decrease) in accrued expenses       |   |   | (162,175 | ) |   |   | 30,000 |   |   |   | 194,025 |   |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
|    Net Cash Used In Operating Activities         |   |   | (508,132 | ) |   |   | - |   |   |   | (508,399 | ) |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash flows from investing activities:                           |   |   |   |   |   |   |   |   |   |   |   |   |
|    Advances on loans                             |   |   | (36,500 | ) |   |   | - |   |   |   | (36,500 | ) |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
|    Net Cash Used In Investing Activities         |   |   | (36,500 | ) |   |   | - |   |   |   | (36,500 | ) |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash flows from financing activities:                           |   |   |   |   |   |   |   |   |   |   |   |   |
|    Proceeds from contributions from shareholders |   |   | - |   |   |   | 3,000,000 |   |   |   | 3,000,300 |   |
|    Proceeds from related parties                 |   |   | 565,000 |   |   |   | - |   |   |   | 565,000 |   |
|    Repayment of debt                             |   |   | - |   |   |   | (3,000,000 | ) |   |   | (3,000,000 | ) |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
|    Net Cash Provided by Financing Activities     |   |   | 565,000 |   |   |   | - |   |   |   | 565,300 |   |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| Net increase in cash                                            |   |   | 20,368 |   |   |   | - |   |   |   | 20,401 |   |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash and cash equivalents - Beginning of period                 |   |   | 33 |   |   |   | - |   |   |   | - |   |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash and cash equivalents - End of period                       |   | $ | 20,401 |   |   | $ | - |   |   | $ | 20,401 |   |

----

| LIFESTYLE MEDICAL NETWORK INC. AND SUBSIDIARIES          |   |
|----------------------------------------------------------|--------|
| (Formerly EMERGING MEDIA HOLDINGS INC. AND SUBSIDIARIES) |   |
| (a Development Stage Company)                            |   |
| CONSOLIDATED STATEMENTS OF CASH FLOWS (continued)        |   |
| (Unaudited)                                              |   |
|                                                     |   |   |   |   |   |   |   |   |   |
|                                                     |   |   |   |   |   |   |   |   |   |
|                                                     |   |   |   |   |   |   |   | For the Period |   |
|                                                     |   | For The Six Months Ended |   |   | October 8, 2010(Date of Formation)through |   |
|                                                     |   | June 30, |   |   | June 30, |   |
|                                                     |   | 2012 |   |   | 2011 |   |   | 2012 |   |
|                                                     |   |   |   |   |   |   |   |   |   |
| Supplemental disclosure cash flow information:           |   |   |   |   |   |   |   |
|                                                     |   |   |   |   |   |   |   |   |   |
|   Cash paid for interest                       |   | $ | - |   |   | $ | - |   |   | $ | - |   |
|                                                     |   |   |   |   |   |   |   |   |   |   |   |   |
|   Cash paid for income taxes                   |   | $ | - |   |   | $ | - |   |   | $ | - |   |
|                                                     |   |   |   |   |   |   |   |   |   |   |   |   |
|   Supplementary information:                   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Non-cash during the year for:                |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                     |   |   |   |   |   |   |   |   |   |   |   |   |
| Issuance of common stock                                 |   |   |   |   |   | $ | 5,000 |   |   | $ | 5,000 |   |
|                                                     |   |   |   |   |   |   |   |   |   |   |   |   |
|   Intangible asset in exchange for             |   |   |   |   |   |   |   |   |   |
|   short-term debt                              |   |   |   |   |   | $ | 6,000,000 |   |   | $ | 6,000,000 |   |
|                                                     |   |   |   |   |   |   |   |   |   |   |   |   |
|   Common stock issued in exchange              |   |   |   |   |   |   |   |   |   |
|   for debt and interest                        |   | $ | 3,165,000 |   |   |   |   |   |   | $ | 3,165,000 |   |
|                                                     |   |   |   |   |   |   |   |   |   |   |   |   |
| Details of reverse acquisition:                          |   |   |   |   |   |   |   |   |   |   |   |   |
|   Common stock issued                          |   |   |   |   |   |   |   |   |   | $ | 1,195 |   |
|                                                     |   |   |   |   |   |   |   |   |   |   |   |   |
|   Paid-in capital in connection with           |   |   |   |   |   |   |   |   |   |
|     common stock issued              |   |   |   |   |   |   |   |   |   |   | 8,042 |   |
|                                                     |   |   |   |   |   |   |   |   |   |   |   |   |
|   Treasury stock acquired                      |   |   |   |   |   |   |   |   |   |   | (9,237 | ) |
|                                                     |   |   |   |   |   |   |   |   |   |   |   |   |
|   Net assets acquired                          |   |   |   |   |   |   |   |   |   | $ | - |   |
|                                                     |   |   |   |   |   |   |   |   |   |   |   |   |

----

| 1.   | DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
|----------------|------------------------------------------------------------------------|

----

----

| 2.   | FAIR VALUE MEASUREMENTS |
|----------------|-------------------------|

----

|                      |   |   |   |   | Assets at Fair Value Using                                 |   |
|---------------------------|--------|--------|--------|--------|------------------------------------------------------------|--------|
|                      |   |   |   |   | Quoted Prices inActive Marketsfor IdenticalAssets(Level 1) |   |   | SignificantOtherObservableInputs(Level 2) |   |   | SignificantOtherUnobservableInputs(Level 3) |   |
|                      |   |   |   |
|                      |   |   |   |
|                      |   |   |   |
|                      |   | Total  |   |
| June 30, 2012             |   |   |   |   |                                                       |   |   |   |   |   |   |   |
| Cash and cash equivalents |   | $      | 20,401 |   |                                                       | $      | 20,401 |   |   | $ | - |   |   | $ | - |   |
| December 31, 2011         |   |   |   |   |                                                       |   |   |   |   |   |   |   |   |   |   |   |
| Cash and cash equivalents |   | $      | 33     |   |                                                       | $      | 33 |   |   | $ | - |   |   | $ | - |   |

| 3.   | INTANGIBLES |
|----------------|-------------|

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|               |   | June 30, 2012  |      |   | December 31, 2011 |   |
|--------------------|--------|----------------|-----------|--------|-------------------|--------|
|               |   | Gross Carrying |      |   | Accumulated       |   |   | Gross Carrying |   |   | Accumulated |   |
|               |   | Amount         |      |   | Amortization      |   |   | Amount |   |   | Amortization |   |
|               |   |           |      |   |              |   |   |   |   |   |   |   |
| License agreements |   | $              | 6,000,000 |   |              | $      | - |   |   | $ | 6,000,000 |   |   | $ | - |   |

| Year Ending  |   | Amortization |    |
|--------------|--------|--------------|---------|
| December 31, |   | Expense      |    |
| 2012         |   | $            | 150,000 |   |
| 2013         |   |         | 300,000 |   |
| 2014         |   |         | 300,000 |   |
| 2015         |   |         | 300,000 |   |
| 2016         |   |         | 300,000 |   |

| 4.   | LOAN RECEIVABLE |
|----------------|-----------------|

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|                                                        |   | June 30, |    |   | December 31, |   |
|-------------------------------------------------------------|--------|----------|---------|--------|--------------|--------|
|                                                        |   | 2012     |    |   | 2011         |   |
| Secured promissory                                          |   | $        | -       |   |         | $      | 3,000,000 |   |
| note to Worldwide Medassets, Ltd. SAL,                      |   |     |    |   |         |   |   |   |
| interest @ 6% per annum. The note was                       |   |     |    |   |         |   |   |   |
| paid in full February 2, 2012 (1)                           |   |     |    |   |         |   |   |   |
|                                                        |   |     |    |   |         |   |   |   |
| Unsecured promissory note, interest free,                   |   |     |    |   |         |   |   |   |
| due October 15, 2012 (2)                                    |   |     | 200,000 |   |         |   | - |   |
|                                                        |   |     |    |   |         |   |   |   |
| Unsecured promissory note, interest free,                   |   |     |    |   |         |   |   |   |
| due August 15, 2012 (3)                                     |   |     | 75,000  |   |         |   | - |   |
|                                                        |   |     |    |   |         |   |   |   |
| Unsecured promissory note, interest free,                   |   |     |    |   |         |   |   |   |
| due September 1, 2012 (3)                                   |   |     | 60,000  |   |         |   | - |   |
|                                                        |   |     |    |   |         |   |   |   |
| Unsecured promissory notes, interest @ 10%                  |   |     |    |   |         |   |   |   |
| per annum, due on various dates through October 1, 2012 (4) |   |     | 230,000 |   |         |   | - |   |
|                                                        |   |     | 565,000 |   |         |   | 3,000,000 |   |
| Less: Current portion                                       |   |     | 565,000 |   |         |   | 3,000,000 |   |
|                                                        |   | $        | -       |   |         | $      | - |   |

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| 6.   | ACCRUED EXPENSES |
|----------------|------------------|

|              |   | June 30, |   |   | December 31, |   |
|-------------------|--------|----------|--------|--------|--------------|--------|
|              |   | 2012     |   |   | 2011         |   |
| Interest          |   | $        | 3,525  |   |         | $      | 120,000 |   |
| Acquisition costs |   |     | -      |   |         |   | 200,000 |   |
| Other             |   |     | 25,500 |   |         |   | 36,200 |   |
|              |   | $        | 29,025 |   |         | $      | 356,200 |   |

| 8.   | STOCKHOLDERS' EQUITY |
|----------------|----------------------|

| 9.   | STOCK-BASED COMPENSATION |
|----------------|--------------------------|

----

| 10.   | WARRANTS |
|-----------------|----------|

|                                      |   | Shares |      |   | Weighted AverageExercise Price |   |
|-------------------------------------------|--------|--------|-----------|--------|--------------------------------|--------|
| Outstanding, January 2012                 |   |   | -         |   |                           | $      | - |   |
| Granted                                   |   |   | 2,400,000 |   |                           |   | 0.20 |   |
| Expired/Cancelled                         |   |   | -         |   |                           |   | - |   |
| Exercised                                 |   |   | -         |   |                           |   | - |   |
| Outstanding - period ending June 30, 2012 |   |   | 2,400,000 |   |                           | $      | 0.20 |   |
| Exercisable - period ending June 30, 2012 |   |   | 2,400,000 |   |                           | $      | 0.20 |   |

| 11.   | RELATED PARTY TRANSACTIONS |
|-----------------|----------------------------|

| a)   | In January 2012, Lifestyle entered into a consulting agreement with Saddleworth Ventures LLC ("Consultant").  The Consultant will provide services for management consulting, business advisory, shareholder information and public relations.  The term of the agreement is for three years.  Upon execution of the agreement, Lifestyle issued a payment to the Consultant in the amount of $25,000.  Additional cash fees or reimbursement of expenses shall be agreed upon by Lifestyle and the Consultant from time to time during the term of the agreement.  Consulting fees for the six months ended June 30, 2012 amounted to $97,500. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| b)   | During 2012, Lifestyle entered into various consulting agreements with third parties in connection with business advisory services.  For the six months ended June 30, 2012, consulting services amounted to $94,500. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 31     | Certification of Chief Executive Officer and Principal Financial Officer pursuant to Rule 13a-14(a)    |
|--------|-------------------------------------------------------------------------------------------------------------|
|   |                                                                                                        |
| 32     | Certification of Chief Executive Officer and Principal Financial Officer pursuant to 18 U.S.C. Section 1350 |

| SEC Ref. No. | Title of Document                                    |
|--------------|------------------------------------------------------|
| 101.INS      | XBRL Instance Document                               |
| 101.SCH      | XBRL Taxonomy Extension Schema Document              |
| 101.CAL      | XBRL Taxonomy Calculation Linkbase Document          |
| 101.DEF      | XBRL Taxonomy Extension Definition Linkbase Document |
| 101.LAB      | XBRL Taxonomy Label Linkbase Document                |
| 101.PRE      | XBRL Taxonomy Presentation Linkbase Document         |

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|                  | LIFESTYLE MEDICAL NETWORK, INC.(Registrant) |
|-----------------------|---------------------------------------------|
|                  |                                        |   |
| Date: August 14, 2012 | By:                                         | /s/ Christopher Smith |
|                  |                                        | Christopher Smith, Chief Executive Officer and Principal Financial Officer |

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