UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB
(Mark One)

 [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE
        SECURITIES EXCHANGE ACT OF 1934

                              For the quarterly period ended March 31, 2001

[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT OF 1934
      For the transition period from _________________ to _________________

                        Commission file number 333-72975

                            Financial Intranet, Inc.
        (Exact name of small business issuer as specified in its charter)

                  Nevada                             88-0357272
      (State or other jurisdiction of          (IRS Employer Identification No.)
          incorporation or
            organization)

                 90 Grove Street, Suite 01, Ridgefield, CT 06877
                    (Address of principal executive offices)

          Issuer's telephone number, including area code: 203-431-8300



                APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
                   PROCEEDINGS DURING THE PRECEDING FIVE YEARS

Check whether the  registrant  filed all  documents  and reports  required to be
filed by Section l2, 13 or 15(d) of the Exchange Act after the  distribution  of
securities under a plan confirmed by a court. Yes [ ] No [ ]

                      APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer's classes of common
equity, as of March 31, 2001: 85,163,416

Transitional Small Business Disclosure Format (Check one): Yes [  ] No [X]

<PAGE>

Part I.  Financial Information

Item1.   Financial Statements (Unaudited)



                                       2
<PAGE>

                     FINANCIAL INTRANET, INC. AND SUBSIDIARY

                           CONSOLIDATED BALANCE SHEET

                                 MARCH 31, 2001
                                   (Unaudited)

                                     ASSETS

CURRENT ASSETS:
     Cash                                                     $          28,224
     Due from suppliers                                                  27,849
     Prepaid insurance and other                                         77,835
                                                                ----------------
         TOTAL CURRENT ASSETS                                           133,908

EQUIPMENT                                                                12,753

CAPITALIZED SOFTWARE DEVELOPMENT COSTS, net                             275,000

OTHER ASSETS                                                             28,084
                                                                ----------------

                                                              $         449,745
                                                                ================

                      LIABILITIES AND STOCKHOLDERS' DEFICIT

CURRENT LIABILITIES:
     Accounts payable and accrued expenses                    $         369,808
     Convertible note payable                                            75,000
                                                                ----------------
         TOTAL CURRENT LIABILITIES                                      444,808
                                                                ----------------

NOTE PAYABLE                                                             10,000

STOCKHOLDERS' DEFICIT:
     Common stock, $.001 par value;
         500,000,000 shares authorized,
         85,163,416 issued and outstanding                               85,163
     Additional paid-in capital                                      13,678,701
     Accumulated deficit                                            (13,768,927)
                                                                ----------------
         TOTAL STOCKHOLDERS' DEFICIT                                     (5,063)
                                                                ----------------

                                                              $         449,745
                                                                ================




                 See notes to consolidated financial statements.

                                        3
<PAGE>
                     FINANCIAL INTRANET, INC. AND SUBSIDIARY

                      CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (Unaudited)


                                                Three Months Ended March 31,
                                          --------------------------------------
                                                  2001               2000
                                          ---------------   --------------------


REVENUE                                 $          1,719  $                   -
                                         ----------------   --------------------

OPERATING COSTS AND EXPENSES:
 Cost of revenue                                      86                      -
 Selling, general and administrative             226,122                 30,931
 Depreciation and amortization                    28,612                  6,000
 Stock compensation expense                            -                 40,751
                                         ----------------   --------------------
                                                 254,820                 77,682

LOSS FROM OPERATIONS                            (253,101)               (77,682)
                                         ----------------   --------------------

OTHER INCOME (EXPENSES):
 Interest income                                     125                  2,736
 Interest expense                                (26,500)              (408,928)
                                         ----------------   --------------------
  TOTAL OTHER EXPENSES                           (26,375)              (406,192)
                                         ----------------   --------------------

NET LOSS FROM CONTINUING OPERATIONS             (279,476)              (483,874)

DISCONTINUED OPERATIONS                                -               (378,797)
                                         ----------------   --------------------

NET LOSS                                $       (279,476) $            (862,671)
                                         ================   ====================

BASIC AND DILUTED NET LOSS PER
 COMMON SHARE:
  Continuing operations                 $          (0.00) $               (0.01)
  Discontinued operations                              -                  (0.01)
                                         ----------------   --------------------
  Net loss to common stockholders       $          (0.00) $               (0.02)
                                         ================   ====================

NUMBER OF SHARES USED IN CALCULATING
 BASIC AND DILUTED NET LOSS PER SHARE         85,163,416             34,510,667
                                         ================   ====================


                 See notes to consolidated financial statements.

                                        4
<PAGE>
                     FINANCIAL INTRANET, INC. AND SUBSIDIARY

                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                  (Unaudited)



                                                    Three Months Ended March 31,
                                                    ----------------------------
                                                        2001             2000
                                                    -----------     ------------

CASH FLOWS FROM OPERATING ACTIVITIES:
 Net loss from continuing operations            $     (279,476)    $   (483,874)
                                                    -----------     ------------
 Adjustments to reconcile
  net loss to net cash used
  in operating activities:
   Loss from discontinued operations                      -            (378,797)
   Beneficial conversion                                25,000              -
   Depreciation and amortization                        28,612           74,114
   Issuance of stock in lieu of consulting fees           -              10,000
   Compensation expense from stock options granted        -              40,751
   Interest expense upon conversion of notes              -             394,747

 Changes in assets and liabilities:
  Accounts receivable                                     -               4,625
  Due from supplier                                    (27,849)            -
  Prepaid expenses                                     (77,835)          (6,553)
  Other assets                                            (848)           3,894
  Accounts payable and accrued liabilities             128,272          (90,258)
  Deferred rent                                           -               2,021
  Accrued interest converted into common stock            -              13,372
  Accrued payroll and payroll taxes                       -              (9,899)
                                                    -----------     ------------
                                                        75,352           58,017
                                                    -----------     ------------

NET CASH USED IN OPERATING ACTIVITIES                 (204,124)        (425,857)
                                                    -----------     ------------

CASH FLOWS FROM INVESTING ACTIVITIES
 Purchase of property and equipment                     (3,401)          (4,045)
 Purchase of LNT assets                                   -            (400,000)
 Capitalized software development costs                   -             (59,222)
 Notes receivable advances                                -             (36,630)
                                                    -----------     ------------
NET CASH USED IN INVESTING ACTIVITIES                   (3,401)        (499,897)
                                                    -----------     ------------

CASH FLOWS FROM FINANCING ACTIVITIES:
 Proceeds from issuance of demand notes                   -             350,000
 Payment of financing fees                                -            (120,000)
 Proceeds from issuance of common stock                   -           1,770,000
 Proceeds from convertible notes payable               75,000              -
 Payment to officers                                      -             (39,371)
                                                    -----------     ------------
NET CASH PROVIDED BY FINANCING ACTIVITIES              75,000         1,960,629
                                                    -----------     ------------

INCREASE (DECREASE) IN CASH                          (132,525)        1,034,875

CASH - BEGINNING OF PERIOD                            160,749            91,368
                                                    -----------     ------------

CASH - END OF PERIOD                            $      28,224      $  1,126,243
                                                    ===========     ============

SUPPLEMENTAL DISCLOSURE OF CASH FLOW
 INFORMATION:

 Cash paid for interest during the quarter      $         -        $      4,104
                                                    ===========     ============


                 See notes to consolidated financial statements.

                                        5
<PAGE>


                            FINANCIAL INTRANET, INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


Note 1-Basis of Interim Financial Statement Presentation

The accompanying  unaudited consolidated 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.  Financial  Intranet,  Inc. (the
"Company"),  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 consolidated financial statements should be read in conjunction
with the  Company's  Annual  Report  filed  with  the  Securities  and  Exchange
Commission on April 16, 2001.

Note 2 Contingencies

Litigation

On July 23, 1998, H & H  Acquisition  Corp.,  individually  and on behalf of the
Company,  commenced an action in federal  court in the Southern  District of New
York against the Company, the founder of the Company and certain officers, among
others.  The  complaint  is an action to recover  shares of common  stock of the
Company  previously sold to the  founder/stockholder  and  unspecified  damages.
Management believes that the claims against the Company and certain officers are
without merit,  and in fact relate solely to the founder of the Company,  and is
vigorously  defending the action.  No provision has been made in these financial
statements for any possible losses arising from this litigation


Note 3 - Subsequent Events

In April 2001, the Company issued an unsecured 8% convertible promissory note in
the principal amount of $20,000 due on August 31, 2001.

In April 2001, we acquired Technest.com, Inc. a privately held company based in
Atlanta, GA. This acquisition was for common stock. In April 2001, the Company
effected a reverse stock split of 1 for 35 shares of common.

In April 2001, the Company changed its OTCBB symbol to FNIT.


                                       6
<PAGE>

Item 2. - Management's Discussion and Analysis of or Plan of Operations

THE FOLLOWING ANALYSIS OF THE PLAN OF OPERATIONS OF THE COMPANY SHOULD BE READ
IN CONJUNCTION WITH THE CONSOLIDATED FINANCIAL STATEMENTS, INCLUDING THE NOTES
THERETO, OF THE COMPANY CONTAINED ELSEWHERE IN THE FORM 10-QSB.


Financial  Intranet,  Inc. is a Connecticut based company that currently holds a
100% ownership interest in a Chinese Internet content provider.

Results of operations


Revenue

Do to the discontinuance of our domestic  operations;  we have eliminated all of
the revenue  associated  with our activities in the United  States,  and as such
only report earnings  consolidated through our Chinese subsidiary.  Such revenue
totaled $1,719 for the quarter ended March 31, 2001


Cost of revenue

Do to the  discontinuance  of our operations,  we eliminated all of the costs of
revenue  associated  with our activities in the United States,  and as such only
report  such costs  consolidated  through  our  Chinese  subsidiary.  Such costs
totaled $86 for the quarter ended March 31, 2001.


Selling, general and administrative expenses

General and administrative expenses consist primarily of:

     promotional, advertising and public relations costs

     employee compensation and related expenses (including payroll taxes and
     benefits) for executive, administrative and operations personnel

     licensing, legal and other professional fees

     travel and entertainment

     facility and office-related costs such as rent, insurance,  maintenance and
     telephone.

These costs  increased,  from  $30,931 in 2000 to $226,122 in 2001 after  taking
into consideration  certain costs eliminated due to the discontinuing of certain
operations of the Company.


Stock compensation expenses

Other expenses  charged to operations  consist of non-cash costs of the issuance
of common stock, warrants, and stock options. These expenses decreased 100% from
$40,751 in 2000 to no  compensation  expense in 2001. The  restructuring  of the
Company  should have no material  effect on stock  compensation  expenses in the
near future.

                                       7

<PAGE>

Depreciation and amortization

Depreciation  and  amortization  consists  primarily of depreciation of computer
equipment, amortization of software development costs, exclusive of a write down
of  assets  due to the  discontinuance  of  certain  of the  Company's  domestic
operations.  Depreciation  and  amortization was $28,612 and $6,000 in the first
quarters  of 2001 and  2000,  respectively  although  the  amount  for the first
quarter of 2000 was eliminated in the accounting for discontinued operations.


Other income and expense

Other income consists  principally of interest from loans,  notes receivable and
short-term  investments.  Interest and other income increased to $26,500 for the
three  months  ended March 31, 2001 from $2,736 for the three months ended March
31,  2000.  The  $23,764  increase  is due  primarily  to the  recording  of the
beneficial conversion feature on the convertible note payable.  Interest expense
consists of interest  accrued on loans and convertible  notes payable.  Interest
income or  expense is not  expected  to be  affected  by the  discontinuance  of
certain of the Company's operations.


Income taxes

No provision for federal and state income taxes has been recorded as the Company
incurred net  operating  losses in the first  quarter of 2000and  2001.  The net
operating  losses will be available to offset any future taxable  income.  Given
the  Company's  limited  operating  history,  losses  incurred  to date  and the
difficulty in accurately forecasting future results, management does not believe
that the  realization of the potential  future  benefits of these carry forwards
meets the criteria for recognition of a deferred tax asset required by generally
accepted accounting principles. Accordingly, a full 100% valuation allowance has
been provided.


Liquidity and capital resources

Cash and cash  equivalents  were  $28,224  and  $160,749  at March 31,  2001 and
December 31, 2000, respectively.

The Company had negative working capital of $235,900 at March 31, 2001. Net cash
used in operating  activities  was $204,124 for the three months ended March 31,
2001. Cash used in operating activities was primarily attributable to a net loss
of $254,476.  This was partially  offset by non-cash items such as  depreciation
and amortization of $28,612. Net cash used in operating activities for the three
months ended March 31, 2000 was $425,857,  which was  principally due to the net
loss from  continuing  operations  of $483,874  offset  primarily  by a non-cash
compensation  expense resulting from stock options granted and issuance of stock
for  consulting  fees of $50,751,  interest  expense on conversion of promissory
notes  into  equity  of  $394,747,  and loss  from  discontinued  operations  of
$378,797.


                                       8


<PAGE>

Net cash used for  investing  activities  of $3,401 for the three  months  ended
March 31,  2001,  decreased  $496,496  from  $499,897 for the three months ended
March 31, 2000.  Investing  activities for the three months ended March 31, 2000
was primarily  attributable  to the purchase of the LNT assets and an investment
in The Energy Corp., a Florida based intellectual  property company with patents
related to the wireless communications  industry. Net cash provided by financing
activities  for the three months ended March 31, 2001 was $75,000 and  consisted
of proceeds from demand notes. Net cash provided by financing activities for the
three  months ended March 31 2000 was  $1,960,629,  and  consisted  primarily of
proceeds from the issuance of common stock and demand notes.

In January 2001 the Company issued an unsecured 8% convertible  promissory  note
in the principal amount of $75,000 due on August 31, 2001.

The Company has satisfied its cash requirements to date primarily through public
and private placements of common stock,  warrants,  debentures  convertible into
shares of common  stock and the  issuance of common stock in lieu of payment for
services.  Also,  officers  have loaned the  Company  funds as needed to provide
working capital.

We  anticipate  that we can  continue,  in the ordinary  course of business with
additional financing transactions,  whether such financiangs are from additional
offerings or other  sources,  to continue our existence in the United States and
China through June 2002.

In April 2001 we  acquired  Technest.com,  Inc.  a  privately  held  development
company based in Atlanta,  GA. Technest has a corporate  strategy of identifying
and accelerating the growth and maturity of talented  technology  companies with
innovative  ideas.  This business model fit into the  restructuring of Financial
Intranet as an emerging growth and development  Company. The acquisition was for
100 percent of Technest for Financial Intranet common stock.

Forward-looking statements in this report may prove to be materially inaccurate.
In addition to  historical  information,  this report  contains  forward-looking
information  that involves  risks and  uncertainties.  The words "may",  "will",
"expect", "anticipate",  "continue", "estimate", "project", "intend" and similar
expressions are intended to identify forward-looking statements.  Actual results
may differ materially from those included within the forward-looking  statements
as a result  of  factors,  including  the  risks  described  above  and  factors
described elsewhere in this report.


                                       9
<PAGE>




                           PART II - OTHER INFORMATION

Item 1.           Legal Proceedings

                  Not applicable.

Item 2.           Change in Securities

                  Not applicable.

Item 3.           Defaults Upon Senior Securities

                  Not applicable.

Item 4.           Submission of Matters to a Vote of Security Holders
                  ---------------------------------------------------

                  None.

Item 5.           Other Information

                  Not applicable.

Item 6.           Exhibits and Reports on Form 8-K.
                  ---------------------------------

                  No reports on Form 8-K were filed during the first quarter of
                  2001, however on April 19, 2001, the Company filed a current
                  report on Form 8-K dated April 5, 2001, reporting under Item 2
                  thereof the acquisition of Technest.com, Inc.


                                       10
<PAGE>




                                   SIGNATURES

In accordance with the  requirements of the Exchange Act, the registrant  caused
this  report to be  signed on its  behalf  by the  undersigned,  thereunto  duly
authorized.


                                              Financial Intranet, Inc.
                                            ---------------------------
                                                  (Registrant)



            Date  May 18, 2001                /s/ Michael Sheppard
                 ---------------            ---------------------------------
                                                  Michael Sheppard, President





                                       11


<PAGE>