Ownership Submission
FORM 5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Form 3 Holdings Reported
Form 4 Transactions Reported
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person *
ISIS Acquisition Partners II LLC
 2. Issuer Name and Ticker or Trading Symbol
WARP TECHNOLOGY HOLDINGS INC [WARP] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)

C/O WARP TECHNOLOGY HOLDINGS, INC., 151 RAILROAD AVE.		 3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
06/30/2005
(Street)


GREENWICH, CT 06830		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Reporting
(check applicable line)

_X_ Form Filed by One Reporting Person
___ Form Filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Amount (A) or (D) Price
Common Stock 01/31/2005   C4 131,250 (1) (5) A $ (2) 389,114 D  
Common Stock 01/31/2005   C4 64,635 (1) (5) A $ (2) 389,114 D  
Common Stock 01/31/2005   C4 193,229 (1) (5) A $ (2) 389,114 D  
Common Stock     3         D  

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Series B-2 Convertible Preferred Stock $ 5 (5) 08/04/2004   P4 250     (3)   (4) Common Stock
50,000 (5)
(6) 0
D
 
Series B-2 Convertible Preferred Stock $ 5 (5) 09/30/2004   P4 125     (3)   (4) Common Stock
25,000 (5)
(6) 0
D
 
Series B-2 Convertible Preferred Stock $ 5 (5) 10/13/2004   P4 375     (3)   (4) Common Stock
75,000 (5)
(6) 0
D
 
Warrant to acquire Series B-2 Preferred Stock (Right to buy) $ 1,000 08/04/2004   P4 250     (3) 08/04/2009 Series B-2 Convertible Preferred Stock
250
(6) 0
D
 
Warrant to acquire Series B-2 Preferred Stock (Right to buy) $ 1,000 09/30/2004   P4 125     (3) 09/30/2009 Series B-2 Convertible Preferred Stock
125
(6) 0
D
 
Warrant to acquire Series B-2 Preferred Stock (Right to buy) $ 1,000 10/13/2004   P4 375     (3) 10/13/2009 Series B Convertible Preferred Stock
375
(6) 0
D
 
Series B-2 Convertible Preferred Stock $ 2 (5) (9) 01/31/2005   C4   250   (3)   (4) Common Stock
125,000 (5)
(6) 0
D
 
Series B-2 Convertible Preferred Stock $ 2 (5) (9) 01/31/2005   C4   125   (3)   (4) Common Stock
62,500 (5)
(6) 0
D
 
Series B-2 Convertible Preferred Stock $ 2 (5) (9) 01/31/2005   C4   375   (3)   (4) Common Stock
187,500 (5)
(6) 0
D
 
Warrant to acquire Series B-2 Preferred Stock (Right to buy) $ 1,000 01/31/2005   C4   250   (3) 08/04/2009 Series B-2 Preferred Stock
250
(6) 0
D
 
Warrant to acquire Series B-2 Preferred Stock (Right to buy) $ 1,000 01/31/2005   C4   125   (3) 09/30/2009 Series B-2 Convertible Preferred Stock
125
(6) 0
D
 
Warrant to acquire Series B-2 Preferred Stock (Right to buy) $ 1,000 01/31/2005   C4   375   (3) 10/13/2009 Series B-2 Convertible Preferred Stock
375
(6) 0
D
 
Warrant to acquire common stock (Right to buy) $ 1 01/31/2005   C4 125,000 (5)   04/04/2005 08/04/2009 Common Stock
125,000 (5)
(7) 125,000
D
 
Warrant to acquire common stock (Right to buy) $ 1 01/31/2005   C4 62,500 (5)   04/04/2005 09/30/2009 Common Stock
62,500 (5)
(7) 62,500
D
 
Warrant to acquire common stock (right to buy) $ 1 01/31/2005   C4 187,500 (5)   04/04/2005 10/13/2009 Common Stock
187,500 (5)
(7) 187,500
D
 
Series C Convertible Note $ 1 01/31/2005   P4 1   04/01/2005   (4) Series C Convertible Preferred Stock
287,795 (8) (5)
(8) 0
D
 
Series C Convertible Note $ 1 01/31/2005   P4 1   04/01/2005   (4) Warrants to acquire common stock (right to buy)
287,795 (8) (5)
(8) 0
D
 

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
ISIS Acquisition Partners II LLC
C/O WARP TECHNOLOGY HOLDINGS, INC.
151 RAILROAD AVE.
GREENWICH, CT 06830		     X    

Signatures

By ISIS Capital Management, LLC Its Managing Member, By Ernest C Mysogland, Its Managing Member 08/16/2005
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Includes shares received as stock dividends payable on Series B-2 Preferred Stock.
(2) The reporting person converted shares of Series B-2 Convertible Preferred Stock, on January 31, 2005, at a conversion ratio of 500 shares of common stock per share of Series B-2 Stock.
(3) Immediate
(4) No expiration date
(5) As adjusted for the 1:100 reverse stock split
(6) The reported securities are included within units purchased by the reporting person for $1,000 per unit. Each unit consisted of one share of Series B-2 Convertible Preferred Stock and a warrant to purchase one share of Series B-2 Preferred Stock.
(7) Received upon conversion of warrant to purchase shares to Series B-2 Preferred Stock.
(8) The reported securities are included within a unit purchased by the reporting person for $284,945. The unit consisted of a promissory note, convertible, after inclusion of interest, into 287,795 shares of Series C Convertible Preferred Stock and a warrant to acquire 287,795 shares of common stock.
(9) As further adjusted on January 31, 2005, as a result of anti-dilution provisions of the Series B-2 Convertible Preferred Stock.
(10) The reporting person incorrectly reported holdings of 389,444 on Form 3. The actual holdings were 389,114.

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