<PAGE>

                  SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C.  20549

                           FORM 10-QSB


Quarterly Report pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

For the quarterly period ended       December 31, 1999

                    -------------------------
                  COMMISSION FILE NUMBER O-17580
                    -------------------------

                          FIRETECTOR  INC.
               -----------------------------------
(Exact name of small business issuer as specified in its charter)


               Delaware                       11-2941299
     ---------------------------     -----------------------------
      (State or jurisdiction of      (IRS Employer identification
   incorporation or organization)               Number)


262 Duffy Avenue, Hicksville, New York               11801
---------------------------------------             ---------
(Address of principal executive offices)           (Zip Code)

                           (516) 433-4700
       ----------------------------------------------------
       (Registrant's telephone number, including area code)


     Check whether the issuer (1) has filed all reports  required to be filed by
Section 13 or 15(d) of the Exchange  Act during the  preceding 12 months (or for
such shorter period that Registrant was required to file such reports),  and (2)
has been subject to such filing  requirements for the past 90 days. Yes [X] No [
]

     State the number of shares  outstanding of each of the issuer's  classes of
common  equity,  as of the latest  practicable  date:  As of February  11, 2000,
1,704,000 shares of Registrant's Common Stock were issued and outstanding.

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





                                        1

<PAGE>

                                      INDEX

                                                                            Page

Part I - Financial Information (unaudited)

         Item 1.  Financial Statements.

          Consolidated Balance Sheet as at December 31, 1999                   4

          Consolidated Statements of Income for the Three Month                6
            Periods Ended December 31, 1999 and 1998

          Consolidated Statements of Cash Flows for the Three                  7
            Month Periods Ended December 31, 1999 and 1998


          Notes to Consolidated Financial Statements                           8

         Item 2.  Management's Discussion and Analysis of Financial           11
                  Condition and Results of Operations

Part II - Other Information

         Item 1.    Legal Proceedings.                                        13

         Item 2.    Changes in Securities.                                    13

         Item 3.    Defaults Upon Senior Securities.                          13

         Item 4.    Submission of Matters to a Vote of Security.              13
                     Holders.

         Item 5.    Other Information.                                        13

         Item 6.    Exhibits and Reports on Form 8-K                          13

         Signatures                                                           14


























                                        2

<PAGE>

                         Part I - FINANCIAL INFORMATION

                  Beginning on the following  page is the financial  information
required to be filed as part of Part I of this Report.


























                                        3
<PAGE>

                      Part I - FINANCIAL INFORMATION

                   Firetector Inc. and Subsidiaries
                       Consolidated Balance Sheet

                               Unaudited

                                                 December 31,
                                                    1999

                                              ----------------
ASSETS
Current assets:

  Cash and cash equivalents                    $    280,719
  Accounts receivable, principally
   trade, less allowance for
    doubtful accounts of  $239,341                4,807,492
  Inventories                                     2,257,805
  Deferred taxes                                    316,000
  Prepaid expenses and other current assets         189,062
                                                -------------
TOTAL CURRENT ASSETS                              7,851,078
                                                -------------

Property, Plant and Equipment at cost, less
 accumulated depreciation and
 amortization of $1,005,387                         275,103
Other Assets                                        244,527
Deferred Taxes                                       40,000
                                               -------------
Total assets                                     $8,410,708
                                               =============


See accompanying Notes to the Consolidated Financial Statements.


























                                        4

<PAGE>
                 Firetector Inc. and Subsidiaries
                 Consolidated Balance Sheet (continued)
                            Unaudited

                                                      December 31,
                                                         1999

                                                   ------------------
  LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES:
  Note payable to Mirtronics                            $ 179,296
  Other notes payable-principally to related party         70,082
  Accounts payable and accrued expenses                 1,816,780
  Unearned service revenue                                343,585
  Current portion of capital lease obligations             10,163
                                                      ------------
TOTAL CURRENT LIABILITIES                               2,419,906

  Note payable to bank                                  2,032,795
  Other notes payable, principally to related
   party less current portion                             177,941
  Capital lease  obligations,  less current portion        18,964
                                                      ------------
TOTAL LIABILITIES                                       4,649,606
                                                      ------------


STOCKHOLDERS' EQUITY:
  Preferred stock, 2,000,000
    shares authorized - none issued
    and outstanding
  Common stock, 10,000,000 shares authorized,
    $.001 par value; issued and outstanding
    1,704,425 shares                                        1,704
  Capital in excess of par                              5,278,490
  Deficit                                              (1,519,092)
                                                      -----------
TOTAL STOCKHOLDERS' EQUITY                              3,761,102
                                                      -----------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY             $8,410,708
                                                      ===========


See accompanying Notes to the Consolidated Financial Statements.
















                                        5
<PAGE>

                        Firetector Inc. and Subsidiaries
                        Consolidated Statements of Income
                                  (unaudited)


                                       For The Three Months Ended
                                                December 31,
                                            1999            1998
                                        -----------      ----------
Net sales                               $2,815,969       $2,559,069
Service revenues                         1,002,372        1,001,247
                                        -----------      ----------
Total revenues                           3,818,341        3,560,316
                                        -----------      ----------

Cost of sales                            2,183,297        1,614,488
Cost of service                            648,771          675,477
Selling, general and administrative      1,086,331        1,016,790
Interest expense                            62,404           51,271
Depreciation and amortization expense       52,338           51,804
                                        -----------       ----------
                                         4,033,141        3,409,830
                                        -----------       ----------
Income (Loss) from operations before

 provision for income taxes               (214,800)         150,486

Provision for (recovery of) income taxes:

 Current                                   (46,000)          15,000
 Deferred                                  (54,000)          35,000
                                         ----------       ----------
                                          (100,000)          50,000
                                         ----------       ----------
Net income (Loss)                        $(114,800)      $  100,486
                                         =========        ==========

Earnings per common share
  Basic earnings (Loss) per share         $  (0.07)      $     0.06
  Diluted earnings (Loss) per share       $  (0.06)      $     0.06
                                          =========      ==========
Weighted average number of common
  shares outstanding                      1,615,492       1,571,097

Weighted average number of common
  and potential dilutive
  common shares outstanding               1,782,651       1,913,790



See accompanying Notes to the Consolidated Financial Statements.











                                        6

<PAGE>

                        Firetector Inc. and Subsidiaries
                      Consolidated Statements of Cash Flows
                                  (Unaudited)

                                                For The Three Months Ended
                                                      December 31,
                                                    1999          1998
                                                 ---------     ---------
OPERATING ACTIVITIES
Net income                                       (114,800)     $100,486
Adjustments to reconcile net income to
 net cash provided by (used in)
 operating activities:
  Depreciation and amortization                    52,338        51,804
  Provision for doubtful accounts                  18,000        18,000
Changes in operating assets and liabilities:

  Accounts receivable                             707,388       266,146
  Inventories, prepaid expenses and other
   current assets                                 (16,719)     (243,026)
  Deferred taxes                                  (54,000)
  Other assets                                    (64,415)       37,823
  Accounts payable and accrued expenses          (310,713)      (34,935)
  Unearned service revenue                          1,483       (67,024)
  Due to affiliated companies                    (132,974)
                                                 ---------     ---------
NET CASH PROVIDED BY OPERATING
  ACTIVITIES                                       85,588       129,274
                                                 ---------     ---------
INVESTING ACTIVITIES
 Purchases of property and equipment              (18,165)      (17,995)
                                                 ---------     ---------
NET CASH (USED IN) INVESTING ACTIVITIES           (18,165)      (17,995)
                                                 ---------     ---------
FINANCING ACTIVITIES
 Principal payments on revolving line of
  credit, long term debt, notes payable
  and capital lease obligations                   (41,003)     (207,228)
 Proceeds from revolving line of credit,
  notes payable and capital
  lease obligations                                21,009         9,824
                                                 ---------     ---------
NET CASH (USED IN)FINANCING ACTIVITIES            (19,994)     (197,404)
                                                 ---------     ---------

NET INCREASE (DECREASE) IN CASH AND
  CASH EQUIVALENTS                                 47,429       (86,125)
Cash and cash equivalents at beginning
  of period                                       233,290       104,914
                                                 ---------     ---------
Cash and cash equivalents at end of period        280,719      $ 18,789
                                                 =========     =========

SUPPLEMENTAL CASH FLOW INFORMATION:

Cash paid during the year for:

     Income taxes                                   3,935       23,906
     Interest                                      56,493       41,448

SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES:

During the  quarter  ended  December  31,  1999 there  were no  caopital  leases
incurred and during the quarter ended  December 31, 1998,  the Company  incurred
capital  lease  obligations  of $26,400  respectively,  for the  acquisition  of
equipment.

In the quarter ended  December 31, 1999,  Genterra  Investment  Corp.  exercised
133,333  options to purchase  common stock at $.90 per share.  This  amounted to
$120,000 and was used to reduce Notes  Payable to  Mirtronics  by a like amount.
(See Note 4 - Transactions With Related Parties).

See accompanying Notes to the Consolidated Financial Statements

                                        7
<PAGE>

                        FIRETECTOR INC. AND SUBSIDIARIES

                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

                      THREE MONTHS ENDED DECEMBER 31, 1999

                                   (UNAUDITED)

1. BASIS OF PRESENTATION

The accompanying unaudited financial statements have been prepared in accordance
with generally accepted accounting principles for interim financial information.
Accordingly,  they do not include all of the information and footnotes  required
by generally accepted accounting  principles for complete financial  statements.
In the opinion of management,  all adjustments  (consisting of normal  recurring
accruals)  considered  necessary  for a fair  presentation  have been  included.
Results  for the  three  months  ended  December  31,  1999 are not  necessarily
indicative  of the  results  that may be  expected  for the fiscal  year  ending
September 30, 2000. For further information, refer to the consolidated financial
statements and footnotes thereto included in Firetector Inc. ("the Company") and
Subsidiary's annual report on Form 10-KSB for the year ended September 30, 1999.

2. INVENTORY

Inventories  are priced at the lower of cost  (firstin,  firstout) or market and
consist primarily of raw materials.

3. LONG TERM DEBT

The  Company has a revolving  Credit  Facility  with  Citizens  Business  Credit
Company of Boston,  Mass, (the "Credit Facility").  The credit facility provides
for a $3,000,000  revolving line of credit for the three year period ending June
2001.  The Credit  Facility  provides  for  interest  at prime rate plus 3/4% on
outstanding balances. At December 31, 1999 $2,032,795 was outstanding under this
facility.  Advances under the Credit  Facility are measured  against a borrowing
base calculated on eligible  receivables  and inventory.  The Credit Facility is
secured  by  all  of  the  assets  of the  Company  and  all  of  its  operating
subsidiaries.  A $300,000  letter of credit  previously  provided by  Mirtronics
Inc., the Company's largest stockholder,  an Ontario corporation ("Mirtronics"),
as additional collateral was released by the lender in January 2000 based on the
terms of the Credit Facility.

The Credit Facility includes certain  restrictive  covenants,  which among other
things impose  limitations on declaring or paying  dividends,  acquisitions  and
capital expenditures. The Company is also required to maintain certain financial
ratios.  At  December  31,  1999,  the  Company was not in default of any of its
covenants.

4.   NOTE PAYABLE TO MIRTRONICS

At December 31, 1999,  the note payable to Mirtronics  totaled  $179,296.  While
this note is payable on demand,  it is  subordinate  to and subject to a payment
restriction  under the Company's Credit Facility with it's bank. Also see Note 5
- Transactions with Related Parties.
<PAGE>

                        FIRETECTOR INC. AND SUBSIDIARIES

            NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Continued

                      THREE MONTHS ENDED DECEMBER 31, 1999

                                   (UNAUDITED)

5. TRANSACTIONS WITH RELATED PARTIES

In  consideration  of collateral  support for a previous credit facility for the
Company  and  various  loans over  several  years,  the  Company  had granted to
Mirtronics  options to purchase the Company's  Common Stock.  Mirtronics had the
right to acquire up to an  aggregate  of  613,333  shares of common  stock at an
exercise  price of $.90 per share,  a portion of which were held for the benefit
of the Company's Chairman. These options were to expire on December 31, 1998. In
addition,  the Company had previously entered into a Debt/Equity  Agreement with
Mirtronics,  that  provided  for the  retirement  of debt  and the  issuance  to
Mirtronics of $675,000 of Preferred  Stock,  which could also be converted  into
450,000 shares of common stock.

In February 1998, the Company and Mirtronics  reached an agreement to reorganize
the options,  convertible  debt and preferred  stock held by Mirtronics so as to
reduce the potential  dilution of these  securities by 366,667  shares of common
stock.  Under this  agreement,  Firetector  redeemed the $675,000 of Convertible
Preferred  Stock and  $170,000 of  convertible  debt for an  aggregate  price of
$845,000. These securities were convertible into 563,333 shares of common stock.
In satisfaction  thereof,  Firetector  issued a $620,000  Convertible  Note with
interest at 10% (payable  upon demand and  convertible  into  413,333  shares of
common stock at a conversion  price of $1.50 per share until December 31, 2002),
and a $225,000  Note  (without a  convertible  feature),  with  interest at 10%,
payable upon demand.  The foregoing notes are limited as to repayment based upon
covenant  requirements  and  borrowing  availability  under  the  terms  of  the
Company's  Credit  Facility.   Also  in  connection  with  this  reorganization,
Mirtronics   exercised  613,333  options  for  common  stock  for  an  aggregate
consideration of $552,000 and Firetector simultaneously  repurchased and retired
216,667 of the newly issued shares for $552,000.

In September  1998,  the Company  entered into a Debt  Matching  Agreement  with
Mirtronics  whereby an aggregate of $508,619 due to Firetector by Mirtronics was
applied  to  reduce  the  notes  payable  and  interest  due  by  Firetector  to
Mirtronics.  As a  consequence  of this debt  matching  agreement,  the $225,000
Non-Convertible  note with  interest  of $13,870 was  satisfied  in full and the
$620,000  Convertible Note with interest of $38,219 was reduced to a new balance
of $392,973. As a result of principal and interest payments made this obligation
was reduced to  $179,296 as of December  31,  1999.  In  addition,  the right to
convert  this  note into  413,333  shares of  common  stock was  surrendered  in
consideration  for a new warrant to purchase 310,000 shares of common stock (the
"1998 warrants").  These 1998 warrants are exercisable at anytime until December
31, 2003 at an exercise price of $1.02 per share.

In  consideration  of collateral  support for the Company's  Credit  Facility in
1994,  the  Company  granted  Genterra   Investment   Corporation,   an  Ontario
Corporation,  ("GIC") options for 166,667  unregistered  shares of the Company's
common stock at $.90 per share  through  December 31,  1999.  In July 1996,  GIC
exercised  33,334 of these  options at $.90 per share.  In  December  1999,  GIC
exercised the remaining  133,333 options at $.90 per share. An officer of GIC is
also a director of Mirtronics.
<PAGE>

                        FIRETECTOR INC. AND SUBSIDIARIES

            NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Continued

                      THREE MONTHS ENDED DECEMBER 31, 1999

                                   (UNAUDITED)


5. TRANSACTIONS WITH RELATED PARTIES (CONTINUED)

At the  termination of employment of an  officer/director  of the Company (other
than for  cause),  the  officer  was  granted  the right to cause the Company to
repurchase  up to 8,437  shares of common stock from the  officer/director  at a
price of $38.88 per share by means of a seven year  installment  promissory note
bearing interest of 4% per annum. On December 1, 1996 the officer  exercised the
option and,  commencing January 1, 1997, the Company repurchased 8,437 shares at
a price of $38.88 payable monthly over seven years at an interest rate of 4% per
annum.

6.  EARNINGS PER SHARE

The  Financial  Accounting  Standards  Board issued SFAS No. 128  "Earnings  Per
Shares" which requires  companies to report basic and diluted earnings per share
("EPS")  computations  effective with the Company's  quarter ending December 31,
1997. Basic EPS excludes  dilution and is based on the  weighted-average  common
shares  outstanding  and  diluted  EPS gives  effect to  potential  dilution  of
securities that could share in the earnings of the Company. Diluted EPS reflects
the assumed  issuance of shares with  respect to the  Company's  employee  stock
options,  non-  employee  stock  options,  warrants  and  convertible  notes and
preferred stock.

                                         For the Three Months ended December 31,
                                         ---------------------------------------
Basic EPS Computation                            1999                1998
                                                 ----                ----
 Net (Loss) Income available to
  common shareholders                         $(114,800)           $100,486
 Weighted average outstanding shares          1,615,492           1,571,097

    Basic EPS (Loss)                              $(.07)               $.06
                                              ==========           ==========

Diluted EPS Computation                  For the Three Months Ended December 31,
                                         ---------------------------------------
                                                  1999               1998
                                                  ----               ----
 (Loss) Income available to common
  stockholders and assumed  conversions       $(114,800)           $107,363
                                              ----------          ---------
  Weighted-average shares                     1,615,492           1,571,097
                                              ---------           ---------
  Plus:  Incremental shares from assumed
   conversions

   Non Employee Stock Option                    135,102              26,061
   Convertible debt                                                 310,000
   Employee Stock Options*                       32,057               6,633
     Warrants*                               -----------         -----------
   Dilutive potential common shares             167,159             342,694
                                             -----------         -----------
    Adjusted weighted-average shares          1,782,651           1,913,790
    Diluted EPS                                   $(.06)               $.06
                                              ==========         =============

*Warrants  and  employee  stock  options  convertible  into  33,334  shares were
antidilutive for the three month periods ended December 31, 1999 and 1998.
<PAGE>

Item 2.  Management's Discussion and Analysis of Financial Condition and Results
of Operations  (Unaudited)


Liquidity and Capital Resources

 The Company has a three-year  revolving credit facility with Citizens  Business
Credit Company of Boston, (the "Credit Facility").  The Credit Facility provides
for a $3,000,000  revolving line of credit for a three year period through June,
2001. The Credit Facility had an interest rate of prime plus 3/4% on outstanding
balances.  Advances under the Credit  Facility are measured  against a borrowing
base calculated on eligible  receivables  and inventory.  The Credit Facility is
secured by all assets of the Company and all of its operating subsidiaries.  The
Company owed $2,032,795 under the Credit Facility at December 31, 1999.

The Credit Facility includes various covenants, which among other things, impose
limitations  on  declaring  or  paying   dividends,   acquisitions  and  capital
expenditures. The Company is also required to maintain certain financial ratios.
At December 31, 1999,  the Company was not in default with any of its  financial
covenants.

Net cash  provided by  operations  for the three months ended  December 31, 1999
amounted  to $85,588 as  compared  to  $129,274  for the  comparable  prior year
period.  The primary  reason for the decrease in cash provided by operations was
due to a reduction  of amounts  due to  affiliated  companies.  In  addition,  a
reduction of over $700,000 in trade  receivables  was  primarily  used to reduce
accounts payable and accrued expenses by $310,000.

The ratio of the Company's  current assets to current  liabilities  increased to
approximately 3.24 to 1 at December 31, 1999 from 2.83 to 1 at December 31, 1998
due to a $569,000 reduction of current liabilities primarily related to reducing
accounts payable and accrued expenses..

Results of Operations

Revenues

The Company's  product  revenues during the three months ended December 31, 1999
were  $2,815,969 as compared to $2,559,069  for the prior year period.  However,
this  increase  primarily  resulted from a large audio project at a museum where
the Company acts as a prime contractor,  a substantial  portion of which billing
related to subcontractor  labor and material with minimal gross margin.  Product
revenues,  exclusive of  subcontractor  work,  declined due to the timing of the
release of work to the Company  and from a decrease  in  revenues  from end user
additions and  alterations  which normally  carry high gross  margins.  The 1999
quarterly  period also included  shipment of a large  communication  system to a
rail  car  manufacturer  that  carried  a  very  low  gross  margin  due  to the
introduction of a new product and cost overruns due to technical problems.

Service  revenues  increased  slightly  during the current three month period to
$1,002,372  from  $1,001,249 in the comparable  prior year period.  The increase
reflects higher call-in maintenance service on fire systems.

<PAGE>

2.  Management's Discussion and Analysis of Financial Condition and Results of
Operations (Unaudited)


Gross Profit

Gross profit on product  revenues  for the three months ended  December 31, 1999
decreased 36% to $632,672 as compared to $944,581 in the comparable year period.
This  decrease is due to a change in the mix of  products  sold during the three
months ended  December 31, 1999.  This change in product mix included the effect
of $400,000 of  subcontractor  work with minimal gross  margin,  shipment of low
margin  rail car product as noted  above,  and a  significant  decline in higher
margin end user alteration work.

Gross profit on service  revenues  for the three months ended  December 31, 1999
increased  8% to $353,601  due to the  increase in call-in  service  revenue and
from certain workforce reductions.

Income Before Tax

The loss from operating  activities for the three months ended December 31, 1999
was  $214,800  as  compared  with income  from  operations  of $150,486  for the
comparable  1998 period.  This decrease in operating  income was  anticipated in
part by the Company's  operating plan.  However,  the operating loss was greater
than  anticipated  and was primarily  attributed to the change in product mix in
1999 brought about by an abnormally high percent of subcontractor  work at lower
margins,  a large  shipment of new product to a rail car  manufacturer  at a low
gross margin due to the  introduction  of a new product and cost overruns due to
technical  problems,  and reduced end user alteration work that carries a higher
gross  margin.  Operating  income was also effected by a 7% increase in selling,
general and administrative expenses.  During the past two years, the Company has
intensified  its  marketing  efforts and  expanded its product  territory.  This
effort  has  resulted  in  the  Company   experiencing  higher  revenue  and  an
improvement  in new  order  bookings  and  quotation  activity  (see  new  order
information below). The new marketing and support structure that is in place can
support a higher level of revenue.

Tax Provision

The Company's current income tax (benefit) provision  represents state and local
income taxes and the  alternative  minimum tax for Federal income  purposes.  In
addition a deferred tax (benefit) or provision was provided due to an (increase)
or  reduction  in  the  Company's   deferred  tax  asset.   Firetector   retains
approximately  $440,000 of additional  net operating  loss carry  forwards,  the
accounting benefits of which have been realized in prior periods.

Order Position

The Company's order position,  excluding service,  at December 31, 1999 amounted
to  $10,700,000  as compared to $10,300,000 at September 30, 1999 and $9,300,000
at December  31,  1998.  The high level of order  position  reflects in part the
Company's  recent  intensified  marketing  efforts.  Due to the  fact  that  the
Company's products are sold and installed as part of larger construction on mass
transit projects, there is typically a delay between the booking of the contract
and its revenue realization.  The Company expects to fulfill the majority of its
backlog  over the next  twelve  months.  The order  position  includes,  and the
Company   continues  to  bid  on  projects   that  might   include   significant
subcontractor  labor,  involving  low margin but  setting a platform  for future
product additions, tenant installations and service revenues. The order position
at December 31, 1999 does not have a mix of subcontractor work as significant as
that experienced in the first quarter of fiscal 2000.

<PAGE>

                           Part II - OTHER INFORMATION


Item 1.  Legal Proceedings.

         Not Applicable

Item 2.  Changes in Securities.

         Not applicable

Item 3.  Defaults Upon Senior Securities.

         Not applicable

Item 4.  Submission of Matters to a Vote of Security Holders.
         Not applicable

Item 5.   Other Information.

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

         a.   Exhibits.

         Ex-27 Financial Data Schedule

         b.  Reports on Form 8-K
No Reports on Form 8-K were filed  during the quarter  ended  December 31, 1999.


<PAGE>

                                   SIGNATURES

             Pursuant to the  requirements  of the  Securities  Exchange  Act of
1934,  the  Registrant  caused  this  report to be  signed on its  behalf by the
undersigned, thereunto duly authorized.

                           FIRETECTOR, INC
                           (Registrant)


                           /S/JOHN A. POSERINA
                           -------------------
                           John A. Poserina,
                           Chief Financial Officer, Secretary
                           And Director

Date:  February 14, 2000