<SUBMISSION>
<ACCESSION-NUMBER>0001015769-01-500081
<TYPE>8-K/A
<PUBLIC-DOCUMENT-COUNT>4
<PERIOD>20010405
<ITEMS>2
<FILING-DATE>20010618
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>FINANCIAL INTRANET INC/NY
<CIK>0001077800
<ASSIGNED-SIC>4899
<IRS-NUMBER>880357272
<STATE-OF-INCORPORATION>NV
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K/A
<ACT>34
<FILE-NUMBER>814-00233
<FILM-NUMBER>1662752
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>90 GROVE ST
<STREET2>STE 1
<CITY>RIDGEFIELD
<STATE>CT
<ZIP>06877
<PHONE>2034318300
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>90 GROVE ST
<STREET2>STE 1
<CITY>RIDGEFIELD
<STATE>CT
<ZIP>06877
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>8-K/A
<SEQUENCE>1
<FILENAME>fntn8ka.txt
<DESCRIPTION>TECHNEST ACQUISITION
<TEXT>

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                   FORM 8-K/A
                                 Amendment No. 1


                                 CURRENT REPORT

                         Pursuant to Section 13 or 15(d)
                     of the Securities Exchange Act of 1934


         Date of Report (Date of earliest event reported) April 5, 2001

                            Financial Intranet, Inc.
             (Exact name of registrant as specified in its charter)


    Nevada                     333-72975                      88-0357272
(State or other              (Commission                    (IRS Employer
 jurisdiction of              File Number)                 Identification No.)
  formation)


 90 Grove Street, Suite 01, Ridgefield, Connecticut              06778
--------------------------------------------------------------------------------
 (Address of principal executive offices)                     (Zip Code)



       Registrant's telephone number, including area code (203) 431-8300




<PAGE>



Item 2.           Acquisitions or Dispositions

     We previously reported on our Form 8-K, dated April 19, 2001, that on April
5, 2001, we acquired all the outstanding capital stock of Technest.com,  Inc., a
Delaware  corporation   ("Technest")  pursuant  to  an  Agreement  and  Plan  of
Reorganization,  dated March 21, 2001 among Financial Intranet, Inc. ("Financial
Intranet"), Technest, and stockholders of Technest ( the "Agreement"). Under the
terms of the Agreement, at the closing of this transaction,  the stockholders of
Technest  will  receive a total of  33,450,000  shares of  Financial  Intranet's
common  stock,  which is  equivalent  to 90% of the total  number  of  Financial
Intranet shares of common stock outstanding, in exchange for all the outstanding
shares of Technest common stock they delivered to Financial Intranet.



Item 7.           Financial Statements and Exhibits

(a)      Financial Statements of Business Acquired

                  The audited balance sheet of Technest as of December 31, 2000,
          and the related  statement  of  operations,  changes in  stockholders'
          equity and cash flows from March 1, 2000 (Inception),  to December 31,
          2000, is attached hereto as Exhibit 99.3.

                  The unaudited balance of Technest as of  March 31,  2001,  and
          the  related  statement  of  operations  and cash  flows for the three
          months ended March 31, 2001, is attached hereto as Exhibit 99.4.

(b)      Pro Forma Information

                  The unaudited  pro forma  financial  information of  Financial
          Intranet  relating to the Technest  acquisition is attached  hereto as
          Exhibit 99.5.






<PAGE>



                                                     SIGNATURES



                  Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly authorized and caused the undersigned to sign this
report on the registrant's behalf.

                                               FINANCIAL INTRANET, INC.



                                               By: /s/ Michael Sheppard
                                               Name: Michael Sheppard
                                               Title:  President


Dated:    June 18, 2001




<PAGE>

Item 7.


                                  EXHIBIT INDEX


Exhibit
No.       Description

99.3      Audited  balance  sheet of Technest as of December 31,  2000,  and the
          related statement of operations,  changes in stockholders'  equity and
          cash flows from March 1, 2000 (Inception), to December 31, 2000.

99.4      Unaudited  balance  sheet of  Technest as of March 31,  2001,  and the
          related  statement of  operations  and cash flows for the three months
          ended March 31, 2001.

99.5      Unaudited pro forma combined financial statements.


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.3
<SEQUENCE>2
<FILENAME>technest1200.txt
<DESCRIPTION>TECHNEST - DECEMBER 31, 2000 AUDITED FINANCIALS
<TEXT>

Exhibit No. 99.3

                               TECHNEST.COM, INC.

                                  BALANCE SHEET

                                DECEMBER 31, 2000

                                     ASSETS

CURRENT ASSETS:
     Cash and cash equivalents                                $         716,457
     Note receivable - related party                                    100,000
                                                                ----------------
         TOTAL CURRENT ASSETS                                           816,457

PROPERTY AND EQUIPMENT                                                  832,566

INVESTMENTS                                                           4,897,023

OTHER ASSETS                                                              2,179
                                                                ----------------

                                                              $       6,548,225
                                                                ================

                      LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES:
     Accounts payable                                         $         371,269
     Accrued interest                                                    25,653
     Note payable - current portion                                     300,000
     Deferred revenue                                                    56,425
     Other liabilities                                                   37,381
                                                                ----------------
         TOTAL CURRENT LIABILITIES                                      790,728
                                                                ----------------

NOTES PAYABLE                                                           690,000

STOCKHOLDERS' EQUITY:
     Preferred stock Series A, $.0001 par value;
      authorized shares 50,000,000 shares;
      14,875,000 shares issued and outstanding                            1,488
     Common stock, $.0001 par value;
      authorized shares, 500,000,000 shares;
      70,850,000 shares issued and outstanding                            7,085
     Additional paid-in capital                                      14,873,512
     Common stock subscription receivable                                (7,035)
     Accumulated deficit                                             (9,807,553)
                                                                ----------------
         TOTAL STOCKHOLDERS' EQUITY                                   5,067,497
                                                                ----------------

                                                              $       6,548,225
                                                                ================




                       See notes to financial statements.
<PAGE>

                               TECHNEST.COM, INC.

                             STATEMENT OF OPERATIONS

               FROM MARCH 1, 2000 (Inception) to DECEMBER 31, 2000


REVENUE:
     Realized loss on investments                             $        (286,327)
     Change in unrealized loss on investments                        (8,753,977)
                                                                ----------------
                                                                     (9,040,304)

INTEREST INCOME                                                          38,924

INTEREST EXPENSE                                                        (25,653)

OTHER INCOME                                                            115,347

OPERATING COSTS AND EXPENSES:
     Selling, general and administrative                                799,057
     Depreciation and amortization                                       96,810
                                                                ----------------
                                                                        895,867
                                                                ----------------

NET LOSS                                                      $      (9,807,553)
                                                                ================


                       See notes to financial statements.
<PAGE>
                               TECHNEST.COM, INC.

                  STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY


                                        Preferred stock       Common stock
                                    ---------------------  ---------------------
                                      Shares      Amount   Shares       Amount
                                    ----------    -------- -------     ---------

Balance - March 1, 2000, Inception        -    $     -           -     $   -

 Issuance of
  preferred stock                   14,875,000      1,488        -         -

 Issuance of
  common stock                            -          -     70,850,000    7,085

 Common stock
  subscription receivable                 -          -           -         -

 Net loss                                 -          -           -         -
                                    ----------    -------  ----------- ---------

Balance - December 31, 2000         14,875,000 $   1,488   70,850,000  $ 7,085
                                    ==========    ======== =========== =========


<TABLE>

                                               Additional            Common stock
                                               Paid - in              Subscription       Accumulated
                                                Capital                Receivable          Deficit            Total
                                              -------------         ---------------     --------------     -----------

<CAPTION>
<S>                                                  <C>                   <C>                  <C>           <C>
Balance - March 1, 2000, Inception           $        -                $    -              $      -      $        -

 Issuance of
  preferred stock                              14,873,512                   -                     -         14,875,000

 Issuance of
  common stock                                       -                      -                     -              7,085

 Common stock
  subscription receivable                            -                   (7,035)                  -             (7,035)

 Net loss                                            -                     -                (9,807,553)     (9,807,553)
                                              -------------         ---------------     ---------------    -------------

Balance - December 31, 2000                  $ 14,873,512              $ (7,035)           $(9,807,553)    $5,067,497
                                              =============         ===============     ===============    =============

</TABLE>








                       See notes to financial statements.
<PAGE>
                               TECHNEST.COM, INC.

                             STATEMENT OF CASH FLOWS

               FROM MARCH 1, 2000 (Inception) to DECEMBER 31, 2000


CASH FLOWS FROM OPERATING ACTIVITIES:
 Net loss                                                   $        (9,807,553)
                                                              ------------------
 Adjustments to reconcile net loss
  to net cash used in operating activities:
   Depreciation and amortization                                         96,810
   Unrealized loss on investments                                     8,753,977
   Stock received for services                                         (151,000)

 Changes in assets and liabilities:
  Deposits                                                               (2,179)
  Accounts payable                                                      371,269
  Accrued interest                                                       25,653
  Deferred revenue                                                       56,425
  Other liabilities                                                      37,381
                                                              ------------------
                                                                      9,188,336
                                                              ------------------

NET CASH USED IN OPERATING ACTIVITIES                                  (619,217)
                                                              ------------------

CASH FLOWS FROM INVESTING ACTIVITIES:
 Purchase of property and equipment                                    (929,376)
 Cost of securities sold                                              1,052,925
 Purchase of investments                                             (3,062,925)
                                                              ------------------
NET CASH USED IN INVESTING ACTIVITIES                                (2,939,376)
                                                              ------------------

CASH FLOWS FROM FINANCING ACTIVITIES:
 Issuance of note receivable-related party                             (100,000)
 Proceeds from issuance of common stock                                      50
 Proceeds from issuance of preferred stock                            4,375,000
                                                              ------------------
NET CASH PROVIDED BY FINANCING ACTIVITIES                             4,275,050
                                                              ------------------

NET INCREASE IN CASH                                                    716,457

CASH - BEGINNING OF PERIOD                                                 -
                                                              ------------------

CASH - END OF PERIOD                                        $           716,457
                                                              ==================

SUPPLEMENTAL DISCLOSURE OF CASH FLOW
 INFORMATION:

 Common stock subscription receivable                       $             7,035
                                                              ==================
 Preferred stock issued for receipt of investments          $        10,500,000
                                                              ==================


                       See notes to financial statements.


<PAGE>
                               TECHNEST.COM, INC.

                          NOTES TO FINANCIAL STATEMENTS

               FROM MARCH 1, 2000 (INCEPTION) TO DECEMBER 31, 2000

1.ORGANIZATION

Technest.com,  Inc.  ("Technest")  is a  Delaware  corporation  incorporated  on
January 10,  2000.  Technest is an Internet  technology  company that invests in
development  stage companies with promising  technology  designed for commercial
applications.  Technest  furnishes such companies with seed capital and provides
them access to professional business services and additional support,  including
necessary financing, as they develop and deliver their products to market.

2.SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

          A. Use of  Estimates

          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 the reporting amounts of revenues
          and expenses during the reported  period.  Actual results could differ
          from those estimates.

          B. Cash and cash  equivalents

          Technest  considers all highly liquid  temporary cash investments with
          an original  maturity of three  months or less when  purchased,  to be
          cash equivalents.

          C. Security  valuation

          Investments  are carried at fair value,  which for readily  marketable
          securities,  represents  the last reported sales price or bid price on
          the  valuation   date.   Investments  in  restricted   securities  and
          securities  which are not  marketable  are  carried  at fair  value as
          determined in good faith by the Board of Directors, in the exercise of
          its judgment,  after taking into consideration  various indications of
          value  available  to the Board of  Directors.  These values may differ
          significantly from the values that ultimately will be realized.

          D. Service  revenue  recognition

          Revenues are recognized when the services are performed.  Such amounts
          are shown in the financial statements as other income.

          E.  Property and  Equipment

          Property and  equipment are recorded at cost.  Expenditures  for major
          additions and betterment's  are  capitalized.  Maintenance and repairs
          are charged to  operations as incurred.  Depreciation  of property and
          equipment  is  computed  by the  straight-line  method over the assets
          estimated useful lives.  Leasehold improvements are amortized over the
          lesser of the lease  term or the  assets'  useful  life.  Upon sale or
          retirement of plant and  equipment,  the related cost and  accumulated
          depreciation  are removed  from the  accounts  and any gain or loss is
          reflected in operations.

<PAGE>

          F. Fair value of financial instruments

          The carrying amounts reported in the balance sheet for cash,  accounts
          payable  and  accrued  expenses  approximate  fair value  based on the
          short-term  maturity of these  instruments.  Technest's  note  payable
          approximates the fair value of such instrument based upon management's
          best  estimate of interest  rates that would be  available to Technest
          for similar financial arrangements.

          G.  Impairment  of long - lived  assets

          In the event that facts and circumstances indicate that the cost of an
          asset  may be  impaired,  an  evaluation  of  recoverability  would be
          performed.   If  an  evaluation  is  required,  the  estimated  future
          undiscounted cash flows associated with the asset would be compared to
          the asset's  carrying  amount to determine  if a write-down  to market
          value is required.  Technest believes that the balance of long - lived
          assets in the accompanying balance sheet is appropriately valued.

          H.Income Taxes

          Technest follows Statement of Financial Accounting Standards No. 109 -
          Accounting for Income Taxes,  which  requires  recognition of deferred
          tax assets and liabilities for the expected future tax consequences of
          events that have been  included  in the  financial  statements  or tax
          returns.  Under this method,  deferred tax assets and  liabilities are
          based on the differences between the financial statement and tax bases
          of assets and  liabilities  using  enacted tax rates in effect for the
          year in which the differences are expected to reverse.

          I.Recently  issued   accounting   pronouncements

          Technest adopted  Statement of Financial  Accounting  Standard No. 133
          ("SFAS No. 133"),  "Accounting for Derivative  Instruments and Hedging
          Activities"  for the year  ended  December  31,  2000.  SFAS  No.  133
          establishes a new model for  accounting  for  derivatives  and hedging
          activities and  supersedes and amends a number of existing  standards.
          The  application  of the new  pronouncement  did not  have a  material
          impact on the Company's financial statements.

3.NOTE RECEIVABLE

Technest has a note receivable  from one of its investees  ("Maker") of $266,000
of which  $100,000 was  receivable at December 31, 2000. The note bears interest
at prime and is due on the  earlier of (a) June 12, 2001, or (b) the  receipt by
the Maker of equity in excess of $500,000 in the aggregate.  The note is secured
by the  assets  of the  Maker.  The  note  may be  converted  at any time at the
Technest's sole option, into the number of shares of Class A Voting common stock
of Maker equal to the quotient of the  principal  amount  outstanding  hereunder
together  with all accrued  interest  divided by the lessor of (i) $1.00 or (ii)
the lowest share price for any equity  securities  issued and sold by Maker from
the date hereof.

<PAGE>

4.INVESTMENTS

<TABLE>
                                                                        December 31, 2000
                                               ---------------------------------------------------------------------
                 Security                           Shares                   Cost                   Fair value
-------------------------------------------    -----------------      --------------------      --------------------
<CAPTION>
<S>                                                     <C>                        <C>                       <C>
Common stock
   Lecstar Communications Corp                          836,000  $              2,090,000  $                321,023
   Realestate.com, Inc.                                 229,358                 1,000,000                         -
   USA Meats, Inc.                                      250,000                   250,000                         -
   Designeroutlets.com, Inc.                                550                   385,000                   385,000
   NanoUniverse Plc                                     500,000                   500,000                   272,000
   Dynax Solution, Inc.                                 375,000                   375,000                   375,000
   Cyberboard.com, Corp                                  71,429                   250,000                         -
   Corpfin.com, Inc.                                  1,305,000                 1,305,000                   600,000
   Crystal Insight, Inc.                                 50,000                   270,000                   270,000
                                                                      --------------------      --------------------
      Total common stock                                         $              6,425,000  $              2,223,023
                                                                      ====================      ====================
Preferred stock
   LicensingZone.com, Inc.                            3,450,000  $              1,531,000  $                      -
   Allure Fusion Media                                2,700,000                 2,370,000                 2,370,000
   eCompanyStore.com, Inc.                               50,000                   450,000                   132,000
   Coax Corporation                                     213,068                   375,000                         -
   Realestate.com, Inc.                                   2,294                 1,000,000                         -
   RealtyLogix, Inc.                                    400,000                 1,000,000                   172,000
                                                                      --------------------      --------------------
      Total preferred stock                                      $              6,726,000  $              2,674,000
                                                                      ====================      ====================
Total Common and Preferred Stock                                 $             13,151,000  $              4,897,023
                                                                      ====================      ====================
</TABLE>


Investment in Licensing Zone.com,  Inc.  ("Licensing Zone") - Technest purchased
3,450,000  shares of Series A preferred  stock of Licensing Zone for $1,800,000.
The purchase  price  consisted of $1,500,000 in cash and $300,000 in the form of
services provided by Technest. For accounting purposes the value of the services
were  recorded  at  $31,000,  which  represents  the fair value of the  services
rendered.  On  December  31,  2000,  Technest  determined  the fair value of the
Licensing Zone investment was $-0-.


<PAGE>

Investment  in Allure  Fusion Media  ("Allure") - Technest  purchased  2,700,000
shares of Series A preferred stock of Allure for $2,700,000.  The purchase price
consisted  of  $2,250,000  comprising  of $600,000 in cash,  promissory  note of
$1,650,000,  and  $450,000 in the form of services  provided  by  Technest.  For
accounting purposes, the value of the services were recorded at $120,000,  which
represents  the fair  value of the  services  rendered.  On  December  31, 2000,
Technest determined the fair value of the Allure investment was $2,370,000.

The balance of the  promissory  note to Allure is $990,000 on December 31, 2000.
On May 30, 2001,  Technest paid  $300,000 and the remaining  balance of $690,000
matures on May 16, 2003.

The note bears  interest at 8% per annum or the  maximum  rate  permitted  under
applicable law. On December 31, 2000, the note has accrued interest of $25,653.

5.PROPERTY AND EQUIPMENT

         Furniture and Fixtures               $                 397,227
         Computer equipment                                     212,329
         Capitalized software                                    26,609
         Telephone system                                        38,534
         Leasehold improvements                                 233,981
         Office equipment                                        11,700
         Security system                                          8,996
                                                   ---------------------
                                                                929,376
         Less: accumulated depreciation                         (96,810)
                                                   ---------------------
                                              $                 832,566
                                                   =====================

6.COMMITMENTS

Technest  leases office space under a five year operating  lease which commenced
on April 17, 2000, and was amended for  additional  space on September 17, 2000.
The lease expires in April 2005, unless sooner terminated as provided for in the
lease. The agreement contains annual rent increases for inflation purposes. Rent
expense from March 1, 2000 (inception), to December 31, 2000, was $358,028.


<PAGE>


The future minimum rental payments as of December 31, 2000, are as follows:

                      2001                               $             660,454
                      2002                               $             680,268
                      2003                               $             700,676
                      2004                               $             721,696
                      2005                               $             242,924

7.STOCKHOLDERS' EQUITY

Technest is  authorized to issue  500,000,000  shares of common stock with a par
value of $.0001. Technest issued 70,850,000 shares at par value to its founders.

Technest  is  authorized  to issue  50,000,000  shares of  Series A  convertible
preferred  stock  ("Series  A"),  $.0001 par value.  The holder of the preferred
stock shall have the right at such holders' option,  at any time to convert all,
but no less  than  all  such  shares  of  Series  A into  common  shares  at the
conversion  price of $1.00 per share.  The Series A shall bear  dividends  at an
annual rate of .25% of the subscription  price when and if declared by the Board
of Directors of Technest.

In the event of any  liquidation  or  dissolution  of  Technest,  the holders of
Series A shall be entitled to be paid the aggregate  subscription  prices of all
the outstanding Series A preferred stock.

Technest  issued to its founders  14,875,000  shares of Series A preferred stock
for the total  consideration  of  $14,875,000.  A portion  of the  consideration
received  represented  the fair value of investments  in unrelated  companies of
$10,500,000.

8.INCOME TAXES

Technest has net operating loss carryforwards available for income tax reporting
purposes of approximately $1,000,000,  in the aggregate,  expiring through 2019,
which  gives rise to a deferred  income tax asset of  approximately  $340,000 at
December 31, 2000. In accordance with Section 382 of the Internal  Revenue Code,
utilization  of the net  operating  loss  carryfowards  may be limited  based on
ownership changes which have occurred or may occur. Technest has recorded a 100%
valuation  allowance on the net deferred tax asset since the ability of Technest
to utilize the  deferred  tax asset is  uncertain.  The  difference  between the
statutory  tax  rate of 34%  and  the  effective  rate  of 0%  reflected  in the
accompanying  financial  statements  is  due to the  increase  in the  valuation
allowance.



</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.4
<SEQUENCE>3
<FILENAME>technest301.txt
<DESCRIPTION>TECHNEST - MARCH 31, 2001 UNAUDITED FINANCIALS
<TEXT>

Exhibit No. 99.4


                               TECHNEST.COM, INC.

                                  BALANCE SHEET

                                 MARCH 31, 2001

                                     ASSETS
                                   (Unaudited)

CURRENT ASSETS:
     Cash and cash equivalents                                $         179,850
     Note receivable - related party                                    266,000
                                                                ----------------
         TOTAL CURRENT ASSETS                                           445,850

EQUIPMENT                                                               793,127

INVESTMENTS                                                           4,897,023

OTHER ASSETS                                                              2,179
                                                                ----------------

                                                              $       6,138,179
                                                                ================

                      LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES:
     Accounts payable                                         $         350,879
     Accrued interest                                                    45,153
     Note payable - current portion                                     300,000
     Deferred revenue                                                    18,675
     Other liabilities                                                   33,341
                                                                ----------------
         TOTAL CURRENT LIABILITIES                                      748,048
                                                                ----------------

NOTE PAYABLE                                                            690,000

STOCKHOLDERS' EQUITY:
     Preferred stock Series A, $.0001 par value;
      authorized shares 50,000,000 shares;
      14,875,000 shares issued and outstanding                            1,488
     Common stock, $.0001 par value;
      authorized shares, 500,000,000 shares;
      70,850,000 shares issued and outstanding                            7,085
     Additional paid-in capital                                      14,873,512
     Common stock subscription receivable                                (7,035)
     Accumulated deficit                                            (10,174,919)
                                                                ----------------
         TOTAL STOCKHOLDERS' EQUITY                                   4,700,131
                                                                ----------------

                                                              $       6,138,179
                                                                ================




                       See notes to financial statements.
<PAGE>
                               TECHNEST.COM, INC.

                             STATEMENT OF OPERATIONS

                        THREE MONTHS ENDED MARCH 31, 2001
                                   (Unaudited)


INTEREST EXPENSE                                              $         (19,500)

OTHER INCOME                                                             38,311

OPERATING COSTS AND EXPENSES:
     Selling, general and administrative                                336,372
     Depreciation and amortization                                       49,805
                                                                ----------------
                                                                        386,177
                                                                ----------------

NET LOSS                                                      $        (367,366)
                                                                ================


                       See notes to financial statements.
<PAGE>
                               TECHNEST.COM, INC.

                             STATEMENT OF CASH FLOWS

                        THREE MONTHS ENDED MARCH 31, 2001
                                   (Unaudited)

CASH FLOWS FROM OPERATING ACTIVITIES:
     Net loss                                               $          (367,366)
                                                              ------------------
     Adjustments to reconcile net loss
      to net cash used in operating activities:
         Depreciation and amortization                                   49,805

     Changes in assets and liabilities:
         Accounts payable                                               (20,390)
         Accrued interest                                                19,500
         Deferred revenue                                               (37,750)
         Other liabilities                                               (4,040)
                                                              ------------------
                                                                          7,125
                                                              ------------------

NET CASH USED IN OPERATING ACTIVITIES                                  (360,241)
                                                              ------------------

CASH FLOWS FROM INVESTING ACTIVITIES:
     Purchase of property and equipment                                 (10,366)
                                                              ------------------
NET CASH USED IN INVESTING ACTIVITIES                                   (10,366)
                                                              ------------------

CASH FLOWS FROM FINANCING ACTIVITIES
     Increase of note receivable - related party                       (166,000)
                                                              ------------------
NET CASH USED IN FINANCING ACTIVITIES                                  (166,000)
                                                              ------------------

NET DECREASE IN CASH                                                   (536,607)

CASH - BEGINNING OF PERIOD                                              716,457
                                                              ------------------

CASH - END OF PERIOD                                        $           179,850
                                                              ==================


                       See notes to financial statements.
<PAGE>

Note 1-Basis of Interim Financial Statement Presentation

The accompanying unaudited financial statements have been prepared in accordance
with  generally  accepted   accounting   principles  for  interim   information.
Accordingly,  they do not include all of the information and footnotes  required
by generally accepted accounting  principles for complete financial  statements.
The results of operations  for the interim  periods shown in this report are not
necessarily  indicative of expected results for any future interim period or for
the  entire  fiscal  year.  Technest  believes  that the  quarterly  information
presented  includes  all  adjustments  (consisting  only  of  normal,  recurring
adjustments)  necessary for a fair  presentation  in accordance  with  generally
accepted accounting principles.  The accompanying financial statements should be
read in  conjunction  with  Technest's  December  31,  2000,  audited  financial
statements included in this Form 8-K/A.

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.5
<SEQUENCE>4
<FILENAME>proformafs.txt
<DESCRIPTION>UNAUDITED PRO FORMA FINANCIAL INFORMATION
<TEXT>

Exhibit No. 99.5


                UNAUDITED PRO FORMA COMBINED FINANCIAL STATEMENTS

     The  following  Unaudited  Pro  Forma  Combined  Financial   Statements  of
Financial  Intranet and Technest  gives effect to the merger  between  Financial
Intranet and Technest  under the purchase  method of  accounting  prescribed  by
Accounting  Principles  Board Opinion No. 16, Business  Combinations.  These pro
forma  statements  are presented for  illustrative  purposes only. The pro forma
adjustments are based upon available information and assumptions that management
believes are reasonable.  The Unaudited Pro Forma Combined Financial  Statements
do not purport to represent what the results of operations or financial position
of  Financial  Intranet  would  actually  have  been if the  merger  had in fact
occurred  on March 1,  2000,  nor do they  purport  to  project  the  results of
operations or financial  position of Financial Intranet for any future period or
as of any date, respectively.  The acquisition of Technest by Financial Intranet
has been accounted for as a reverse  acquisition  under the purchase  method for
business  combinations.  The  combination  of the two companies is recorded as a
recapitalization  of  Technest,  pursuant  to which  Technest  is treated as the
continuing entity.

     These Unaudited Pro Forma Combined Financial  Statements do not give effect
to any  restructuring  costs or to any potential cost savings or other operating
efficiencies  that could result from the merger between  Financial  Intranet and
Technest.

     The consolidated  financial  statements of Financial  Intranet for the year
ended  December  31,  2000,  are derived  from  audited  consolidated  financial
statements and are included in the Form 10-KSB as filed by Financial Intranet on
April 16, 2001, with the Securities and Exchange  Commission.  The  consolidated
financial  statements of Financial Intranet for the three months ended March 31,
2001,  are derived from  unaudited  consolidated  financial  statements  and are
included in the Form 10-QSB as filed by Financial Intranet on May 18, 2001, with
the Securities and Exchange Commission.

     You  should  read the  financial  information  in this  section  along with
Financial   Intranet's   historical   consolidated   financial   statements  and
accompanying  notes in prior Securities and Exchange  Commission  filings and in
this amended Current Report on Form 8-K.


<PAGE>


                           Financial Intranet, Inc.
                          Unaudited Pro Forma Combined
                            Statements of Operations
                         Period Ended December 31, 2000

<TABLE>
                                                                                       Pro Forma adjustments
                                                                                      -----------------------
                                                FNTN        TECHNEST         TOTAL       DR          CR               Pro Forma
                                          ------------   -------------   ------------ -----------  ----------    ---------------
<CAPTION>
<S>                                      <C>                   <C>              <C>                                     <C>
Revenues                                 $      2,833  $   (9,040,304)  $ (9,037,471)                           $    (9,037,471)

Selling, general & administrative             991,900         799,057      1,790,957                                  1,790,957
Depreciation and amortization                 567,120          96,810        663,930                                    663,930
Stock based compensation                      458,204            -           458,204                                    458,204
                                          ------------   -------------   ------------                            ---------------
 Total Operating Expenses                   2,017,224        895,867       2,913,091                                  2,913,091
                                          ------------   -------------   ------------                            ---------------

Operating Loss                             (2,014,391)    (9,936,171)    (11,950,562)                               (11,950,562)

Interest income                                69,706         38,924         108,630                                    108,630
Interest expense                           (1,498,701)       (25,653)     (1,524,354)                                 (1,524,354)
Other                                         (60,693)       115,347          54,654                                      54,654
Loss on impairment of long-lived assets    (1,787,125)          -         (1,787,125)                                 (1,787,125)
                                          ------------   -------------   ------------                            ----------------
Net Loss                                   (5,291,204)    (9,807,553)    (15,098,757)                                (15,098,757)

Discontinued operations                    (1,512,312)          -         (1,512,312)                                 (1,512,312)
                                          ------------   -------------   ------------                            ----------------

Net loss                                $  (6,803,516) $  (9,807,553)   $(16,611,069)                           $    (16,611,069)
                                          ============   =============   ============                             ===============

Net loss per share - Basic and diluted:
 Continuing operations                  $    (0.10)    $        -       $      (0.28)                           $          (0.17)
 Discontinued operations                     (0.03)             -              (0.03)                                      (0.02)
                                          ------------   -------------    -----------                             ---------------
                                        $    (0.13) $           -       $      (0.31)                           $          (0.19)
                                          ============   =============    ===========                             ===============

WEIGHTED AVERAGE SHARES                   53,188,568            -         53,188,568         33,450,000                86,638,568
                                          ============   ==============   ===========                             ===============



</TABLE>


              See notes to unaudited pro forma financial statements
<PAGE>
                            Financial Intranet, Inc.
                   Unaudited Pro Forma Combined Balance Sheet
                                 March 31, 2001



 <TABLE>
                                                                         Pro Forma adjustments
                                                                     ---------------------------------
                                            FNTN         TECHNEST          DR                CR                Pro Forma
                                        ----------   -------------   ----------------    ---------------    --------------
Assets

<CAPTION>
<S>                                    <C>          <C>                                                   <C>
Cash                                   $    28,224  $     179,850                                         $       208,074
Due from suppliers                          27,849           -                                                     27,849
Note receivable - related party               -           266,000                                                 266,000
Prepaid insurance and other                 77,835           -                                                     77,835
                                        ----------   -------------   ----------------    ---------------    --------------
   Total Current Assets                    133,908        445,850            -                  -                 579,758

Property and equipment                      12,753        793,127                                                 805,880

Capitalized software
 development costs                         275,000           -                                                    275,000

Investments                                   -         4,897,023                                               4,897,023

Other                                       28,084         2,179                                                   30,263
                                        ----------   -------------   ----------------    ---------------    --------------

   Total Assets                        $   449,745  $   6,138,179           -                  -          $     6,587,924
                                        ==========   =============   ================    ===============    ==============

Liabilities and Stockholders' Equity

Accounts payable and
 accrued expenses                      $   369,808  $     350,879                                         $       720,687
Accrued interest                              -            45,153                                                  45,153
Note payable                                75,000        300,000                                                 375,000
Deferred revenue                              -            18,675                                                  18,675
Other liabilities                             -            33,341                                                  33,341
                                        ----------   -------------   ----------------    ---------------    --------------
   Total Current Liabilities              444,808         748,048           -                  -                1,192,856

Note payable                                10,000        690,000                                                 700,000

Stockholders equity (deficit):
Preferred Stock                               -             1,488                                                   1,488
Common Stock                                85,163          7,085  $           7,085   $          3,345            88,508
Additional paid-in capital              13,678,701     14,873,512         13,772,272              7,085        14,787,026
Common stock subscription receivable          -            (7,035)                                                 (7,035)
Accumulated deficit                    (13,768,927)   (10,174,919)                           13,768,927       (10,174,919)
                                       -----------   -------------   ----------------    ---------------    --------------
   Total Stockholders' Equity (Deficit)    (5,063)      4,700,131         13,779,357         13,779,357         4,695,068
                                       -----------   -------------   ----------------    ---------------    --------------
                                      $   449,745  $    6,138,179  $      13,779,357   $     13,779,357   $     6,587,924
                                       ===========   =============   ================    ===============    ==============

</TABLE>



              See notes to unaudited pro forma financial statements
<PAGE>
                            Financial Intranet, Inc.
                          Unaudited Pro Forma Combined
                            Statements of Operations
                        Three Months Ended March 31, 2001


<TABLE>
                                                                                      Pro Forma adjustments
                                                                                   ---------------------------
                                         FNTN        TECHNEST         TOTAL             DR            CR            Pro Forma
                                    -----------   -------------   --------------   ------------  -------------   -------------
<CAPTION>
<S>                                <C>          <C>                                                             <C>
Revenues                           $     1,719  $                $    1,719                                     $      1,719

Cost of Revenue                             86                           86                                               86
                                    -----------   -------------   --------------                                 -------------
                                         1,633           -            1,633                                            1,633

Selling, general & administrative      226,122        336,372       562,494                                          562,494
Depreciation and amortization           28,612         49,805        78,417                                           78,417
                                    -----------   -------------   --------------                                 -------------
 Total Operating Expenses              254,734        386,177       640,911                                          640,911

Operating Loss                        (253,101)      (386,177)     (639,278)                                        (639,278)

Interest income                            125           -              125                                              125
Interest expense                       (26,500)       (19,500)      (46,000)                                         (46,000)
Other                                     -            38,311        38,311                                           38,311
                                    -----------   -------------   --------------                                 -------------

Net Loss                           $  (279,476) $    (367,366)   $ (646,842)                                    $   (646,842)
                                    ===========   =============   ==============                                 =============

Net loss per share
 - Basic and diluted               $     (0.00) $        -       $    (0.01)                                    $      (0.01)
                                    ===========   =============   ==============                                 =============

WEIGHTED AVERAGE SHARES             85,163,416           -         85,163,416          33,450,000                  118,613,416

</TABLE>


              See notes to unaudited pro forma financial statements

<PAGE>

                            Financial Intranet, Inc.
                         Unaudited Pro Forma Adjustments

Pro Forma adjustments reflect the following transaction:


Pro Forma adjustments - Balance Sheet March 31, 2001

                                    DR                 CR
Common Stock                     $ 7,085
   Additional paid-in capital                         $7,085

Additional paid-in capital    13,772,272
   Common Stock                                        3,345
   Accumulated deficit                            13,768,927

To record the  acquisition  of Technest by  Financial  Intranet  for  33,450,000
shares of Financial  Intranet's common stock,  which is equivalent to 90% of the
total  number of  Financial  Intranet  shares of common  stock  outstanding,  in
exchange for all the  outstanding  shares of Technest  common stock the Technest
Stockholders delivered to Financial Intranet. The acquisition has been accounted
for  as  a  reverse   acquisition   under  the  purchase   method  for  business
combinations.   The   combination   of  the  two  companies  is  recorded  as  a
recapitalization  of  Technest,  pursuant  to which  Technest  is treated as the
continuing entity.
</TEXT>
</DOCUMENT>
</SUBMISSION>
