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                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                 SCHEDULE 13G/A

                    Under the Securities Exchange Act of 1934

                                (Amendment No. 1)

              Technest Holdings, Inc. f/k/a FINANCIAL INTRANET, INC.
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                                (Name of Issuer)

                          Common Stock, $.001 par value
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                         (Title of Class of Securities)

                                    878379106
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                                 (CUSIP Number)

                                  July 16, 2001
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             (Date of Event Which Requires Filing of This Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

         [ ] Rule 13d-1(b)
         [X] Rule 13d-1(c)
         [ ] Rule 13d-1(d)



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CUSIP No. 878379106                           13G/A
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1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

         SOUTHSHORE CAPITAL FUND, LTD.
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2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                         (a) [ ]
                                                                         (b) [ ]
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3   SEC USE ONLY


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4   CITIZENSHIP OR PLACE OF ORGANIZATION

    ISLE OF MAN
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                  5    SOLE VOTING POWER

                       3,107,291  (See Note A)
                  --------------------------------------------------------------

  NUMBER OF       6    SHARED VOTING POWER
    SHARES
 BENEFICIALLY          N/A
   OWNED BY       --------------------------------------------------------------
     EACH         7    SOLE DISPOSITIVE POWER
  REPORTING
    PERSON             3,107,291  (See Note A)
     WITH         --------------------------------------------------------------
                  8    SHARED DISPOSITIVE POWER

                       N/A
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9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

    3,107,291  (See Note A)
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10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

                                                                            [ ]
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11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

    9.3% (See Note A)
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12  TYPE OF REPORTING PERSON*

    OO
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                      *SEE INSTRUCTIONS BEFORE FILLING OUT



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ITEM 1 (a)   NAME OF ISSUER

             Technest Holdings, Inc.
             f/k/a FINANCIAL INTRANET, INC.

       (b)   ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES

             One Capital City Plaza
             3350 Peachtree Rd., Suite 1050
             Atlanta, GA 30326

ITEM 2 (a)   NAME OF PERSON FILING

             SOUTHSHORE CAPITAL FUND, LTD.

       (b)   ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE

              C/O
              JP Carey Securities
              3343 Peachtree Rd.
              Atlanta Financial Center
              Suite 500
              Atlanta, GA 30326

       (c)   CITIZENSHIP

             Isle of Man

       (d)   TITLE OF CLASS OF SECURITIES

             Common Stock, $.001 par value

       (e)   CUSIP NUMBER

              878379106

ITEM 3 If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or
       (c), Check Whether the Person Filing is a:

       (a)   [ ] Broker or dealer registered under section 15 of the Act

       (b)   [ ] Bank as defined in section 3(a)(6) of the Act

       (c)   [ ] Insurance company as defined in section 3(a)(19) of the Act

       (d)   [ ] Investment company registered under section 8 of the Investment
                 Company Act of 1940

       (e)   [ ] An investment adviser in accordance with
                 Rule 13d-1(b)(1)(ii)(E)

       (f)   [ ] An employee benefit plan or endowment fund in accordance with
                 Rule 13d-1(b)(1)(ii)(F)

       (g)   [ ] A parent holding company or control person in accordance with
                 Rule 13d-1(b)(1)(ii)(G)

       (h)   [ ] A savings association as defined in section 3(b) of the Federal
                 Deposit Insurance Act

       (i)   [ ] A church plan that is excluded from the definition of an
                 investment company under section 3(c)(14) of the Investment
                 Company Act of 1940

       (j)   [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J)

       If this statement is filed pursuant to Rule 13d-1(c), check this box [X]

ITEM 4 OWNERSHIP

       (a)   Amount beneficially owned:

             3,107,291 (See Note A)

       (b)   Percent of class:

             9.3% (see Note A)

       (c)   Number of shares as to which the person has:

             (i) Sole power to vote or to direct the vote:

              3,107,291 (See Note A)

             (ii) Shared power to vote or to direct the vote: N/A

             (iii) Sole power to dispose or to direct the disposition of:

              3,107,291 (See Note A)

             (iv) Shared power to dispose or to direct the disposition of: N/A

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ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS

       If this statement is being filed to report the fact that as of the date
       hereof the reporting person has ceased to be the beneficial owner of more
       than five percent of the class of securities, check the following [ ]

ITEM 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON

       N/A

ITEM 7 IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
       SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY

       N/A

ITEM 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP

       N/A

ITEM 9 NOTICE OF DISSOLUTION OF GROUP

       N/A

ITEM 10 CERTIFICATION

      By signing below I certify that, to the best of my knowledge and belief,
      the securities referred to above were not acquired and are not held for
      the purpose of or with the effect of changing or influencing the control
      of the issuer of the securities and were not acquired and are not held in
      connection with or as a participant in any transaction having that purpose
      or effect.

                                    SIGNATURE

      After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.

                                        July 31, 2001
                                        ----------------------------------------
                                        (Date)


                                         Southshore Capital Fund, Ltd.

                                        /s/David Sims
                                          Navigator Management Ltd., Director
                                        ----------------------------------------
                                        (Signature)



                                     NOTE A


          Pursuant to the terms of the Agreement and Plan of Reorganization
dated March 21, 2001 among Technest.com, Inc. ("Technest"), Financial Intranet,
Inc. ("Issuer"), and the Stockholders (the "Agreement"), shares of common stock
of Technest, held by the Stockholders were exchanged for shares of the Issuer.
The Reporting Entity received 926,441 shares of the Issuer's common stock at the
closing and 2,180,850 shares of common stock at the second closing, equating to
approximately 9.3% of the Issuer's outstanding shares (after the issuance of all
shares pursuant to the Agreement).

The Reporting Person disclaims any beneficial interest in or voting rights in
the shares of Common Stock of the Issuer held by or issuable upon the exercise
of any conversion or other rights held by any other holder of shares or such
rights of the Issuer.





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