FORM 10-QSB








October 31, 2004













000-19457





LEGAL ACCESS TECHNOLOGIES, INC.










Nevada        87-0473323











3275 E. Warm Springs Rd.


Las Vegas, NV 89120








(702) 949-6115










6,248,732 shares of Common Stock as of October 31, 2004.







1




PART I - FINANCIAL INFORMATION





Item 1. Financial Statements.




INDEX TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS






































LEGAL ACCESS TECHNOLOGIES, INC. AND SUBSIDIARIES


BALANCE SHEETS


OCTOBER 31, 2004 AND APRIL 30, 2004





**October 31, 2004**April 30, 2004**(Unaudited)****ASSETS****Current assets**Cash and cash equivalents
**$**
**35,802**

$
52,843Accounts receivable, trade

**18,261**


22,183Accounts receivable, discontinued business segment, net of allowance $4,681,484 and $4,776,484

**256,499**


235,178**310,562**


310,204**Property and equipment, net of accumulated depreciation of $132,055 and $128,082**

**24,285**


32,279**Software license, net of accumulated amortization of $109,244 and $98,497**

**105,683**


127,176**$**
**440,530**

$
469,659**LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIENCY)****Current liabilities**Accounts payable
**$**
**42,758**

$
56,614Accrued officers salaries

**445,000**


295,000Other accrued expenses

**141,875**


138,284Due to officer




21,250Convertible notes and accrued interest payable

**270,166**


260,138**899,799**


771,286**Stockholders' equity (deficiency)**Common stock, $0.001 par value, 100,000,000 shares authorized, 6,248,732 shares issued and outstanding

**6,248**


6,248Additional paid-in capital

**6,256,937**


6,256,937Deficit

**(6,722,454**
**)**

(6,564,812)**(459,269**
**)**

(301,627)**$**
**440,530**

$
469,659













F-1


****


LEGAL ACCESS TECHNOLOGIES, INC. AND SUBSIDIARIES


STATEMENTS OF OPERATIONS


THREE-MONTH PERIOD ENDED OCTOBER 31, 2004 AND 2003 (UNAUDITED)













**Three Months Ended October 31,               Six Months Ended October 31****2004**

2003

**2004**

2003**Revenues**
**$ 32,285**

$ 53,793

**$ 57,784**

$ 96,604**Operating costs and expenses**Service costs
**20,668**

41,231

**46,560**

79,297Software research and development


522

**413**

32,117Selling, general, and administrative
**117,890**

211,471

**258,922**

386,286**138,558**

253,224

**305,895**

497,700**Operating loss**
**(106,273)**

(199,431)

**(248,111)**

(401,096)**Other income (expense)**Interest income






64Interest expense
**(5,177)**

(5,125)

**(10,531)**

(10,384)Rentals


11,425



19,562**Loss from continuing operations, without tax effect**
**(111,450)**

(193,131)

**(258,642)**

(391,854)**Income (loss) from discontinued operations, without tax effect**
**98,000**

(84,593)

**101,000**

(67,834)**Net loss**
**$ (13,450)**

$ (277,724)

**$ (157,642)**

$ (459,688)**Basic and diluted loss per common share:**Continuing operations
**$ (0.02)**

$ (0.03)

**$ (0.04)**

$ (0.06)Discontinued operations
**0.02**

(0.01)

**0.02**

(0.01)Net loss
**$ (0.00)**

$ (0.05)

**$ (0.03)**

$ (0.07)Weighted average common shares outstanding
**6,248,732**

6,168,732

**6,248,732**

6,134,446














F-2




LEGAL ACCESS TECHNOLOGIES, INC. AND SUBSIDIARIES


STATEMENTS OF CASH FLOWS




THREE-MONTH PERIOD ENDED OCTOBER 31, 2004 AND 2003 (UNAUDITED)





**Six Months Ended October 31,****2004**2003(restated)**Operating activities**Net cash used in operating activities
**$**
**(69,470**
**)**
$
(435,994)**Investing activities**Notes receivable




(25,000)Purchase of software license




(875Sale of equipment




1,941Net cash provided by (used in) investing activities




(23,934)**Financing activities**Proceeds from borrowings, officers / shareholders




21,000Repayments of borrowings, officers / shareholders

**(21,250**
**)**

(17,250)Collection of accounts receivable of a discontinued business segment

**73,679**


192,947Sale of common stock




208,000Net cash provided by financing activities

**52,429**


404,697**Net decrease in cash and cash equivalents**

(17,041
)

(55,231)**Cash and cash equivalents, beginning of year**

**52,843**


94,236**Cash and cash equivalents, end of quarter**
**$**
**35,802**

$
39,005**Reconciliation of net loss to net cash used in operating activities**Net loss
**$**
**(157,642**
**)**
$
(459,688)Non-cash items:Depreciation and amortization

**29,487**


62,176Reduction in allowance for doubtful colllection ofreceivables of a discontinued business segment

**(95,000**
**)**Gain on sale of equipment




(697)Increase in operating (assets) liabilitiesAccounts receivable

**3,922**


(24,628)Accounts payable

**(13,856**
**)**

(139,531)Accrued expenses

**163,619**


126,374Net cash used in operating activities
**$**
**(69,470**
**)**
$
(435,994)









F-3  LEGAL ACCESS TECHNOLOGIES, INC. AND SUBSIDIARIES


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS








1. Basis of Presentation




















2. Going concern contingency.









F-4




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





Overview

































Liquidity and Capital Resources







2




































Critical Accounting Policies and Estimates










Results of Operations







3




















Forward Looking Statements










ITEM 3. CONTROLS AND PROCEDURES













4





5  PART II - OTHER INFORMATION





ITEM 1. LEGAL PROCEEDINGS

























ITEM 2.     UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS










ITEM 3. DEFAULT UPON SENIOR SECURITIES





None




ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

























ITEM 5. OTHER INFORMATION





None





6


ITEM 6. EXHIBITS





**Exhibit**
**Number**
**Description of Exhibit**31.1


32.1
Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to
Section 302 of the Sarbanes-Oxley Act of 2002

Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to
Section 906 of the Sarbanes-Oxley Act of 2002





7


SIGNATURES






















/s/ Kyleen Cane










8