SECURITIES AND EXCHANGE COMMISSION

                          Washington, D.C.  20549

                                FORM 10-QSB

           [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
                   OF THE SECURITIES EXCHANGE ACT OF 1934
               For the Quarterly Period Ended May 31, 2006

           [] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d)
                   OF THE SECURITIES EXCHANGE ACT OF 1934
                 For the Transition Period from _________

                      Commission File Number: 0-19945

                         NoFire Technologies, Inc.
                         -------------------------
              (Name of small business issuer in its charter)

                      Delaware                        22-3218682
                      ---------                       -----------
           (State or other jurisdiction of        (I.R.S. Employer
             incorporation or organization) Identification No.)

        21 Industrial Avenue, Upper Saddle River, New Jersey 07458
        -----------------------------------------------------------
          (Address of principal executive offices)       (Zip Code)

                    Issuer's telephone number (201) 818-1616
                                               -------------

Check whether the issuer (1) filed all reports required to be filed by
Section 13 or 15(d) of the Securities Exchange Act of 1934 during the past
12 months (or for such shorter period that the registrant was required to
file such reports), and (2) has been subject to such filing requirements
for the past 90 days.

                                 YES X   NO
                                    ---     ---

Check whether the issuer has filed all documents and reports required to
be filed by Section 12, 13 or 15(d) of the Exchange Act after the
distribution of securities under a plan confirmed by the Court.

                                 YES X   NO
                                    ---     ---

State the number of shares of each of the issuer's classes of common equity
outstanding at the latest practicable date: 35,156,622 shares of Common
Stock as of July 19, 2006

Transitional Small Business Disclosure Format (check one):

                                 YES     NO X
                                    ---    ---








Page 1


                    NOFIRE TECHNOLOGIES, INC.

                          FORM 10-QSB

                             INDEX

PART I - FINANCIAL INFORMATION                              PAGE

Item 1.  Financial Statements:

         Balance Sheets as of May 31, 2006(unaudited)
         and August 31, 2005                                  3

         Statements of Operations for the Nine Months and
         Three months ended May 31, 2006 and 2005
         (unaudited)                                          5

         Statements of Cash Flows for the
         Nine Months ended May 31, 2006 and 2005.
        (unaudited)                                           6


         Notes to Unaudited Financial Statements              8


Item 2.  Management's Discussion and Analysis of
         Financial Condition and Results of Operations       12

Item 3.  Controls and Procedures                             13


Part II - OTHER INFORMATION

Item 1.   Legal                                              14

Item 2.   Unregistered Sales of Equity Securities and
          Use of Proceeds                                    14

Item 6.  Exhibits                                            14

         Signatures                                          14

         Certification of Financial Information       Exhibits 31.1 31.2

         Sarbanes-Oxley Act Section 906 Certification Exhibits 32.1 32.2













                                  Page 2


              PART I - FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS

                      NOFIRE TECHNOLOGIES, INC.
                           BALANCE SHEETS



                                                May 31,     August 31,
                                                  2006         2005
                                              -----------   ----------
                                               (UNAUDITED)

              ASSETS

CURRENT ASSETS:
    Cash                                         $ 4,253      $14,099
    Accounts receivable - trade                    5,999        5,313
    Inventories                                   52,051       81,628
    Prepaid expenses and other current assets     25,841        6,645
                                               ---------    ----------
    Total Current Assets                          88,144      107,685
                                               ---------    ----------
EQUIPMENT, less accumulated depreciation           1,480        2,665
                                               ---------    ----------
OTHER ASSETS:
      Security deposits                           28,048       26,000
                                              ----------     ---------
                                                  28,048       26,000
                                              ----------     ---------
                                               $ 117,672     $136,350
                                              ==========    ==========













See accompanying notes to financial statements
                                 Page 3




NOFIRE TECHNOLOGIES, INC.
BALANCE SHEETS

                                                       May 31,    August 31,
                                                        2006         2005
                                                   -----------    ----------
                                                   (UNAUDITED)

        LIABILITIES AND STOCKHOLDERS' EQUITY
                     (DEFICIENCY)

CURRENT LIABILITIES:
    Settled liabilities                             $  378,031     $  378,031
    Accounts payable and accrued expenses            1,213,794        841,036
    Loans and advances payable to
      Stockholders                                     441,088        408,610
    Deferred salaries                                1,759,438      1,440,445
    Loans payable                                      367,647        279,300
    Convertible Debentures 8% (net)                    408,481        469,928
                                                      ----------      --------
    Total Current Liabilities                        4,568,479      3,817,350
                                                     ----------      --------

LONG TERM LIABILITY                                       -             -


STOCKHOLDERS' EQUITY (DEFICIENCY):
    Common stock $.01 par value:
      Authorized - 150,000,000 shares
      Issued and outstanding 35,156,622
      shares at May 31, 2006 and
      34,806,622, as of August 31, 2005                351,566        348,066
      Capital in excess of par value                13,737,149     13,160,269
      Unearned compensation                             0              (3,675)
      Accumulated Deficit                          (18,539,522)   (17,185,660)
                                                     ----------     ----------
    Total Stockholders' Equity (Deficiency)         (4,450,807)    (3,681,000)
                                                    ----------     ----------
                                                    $  117,672     $  136,350
                                                     ==========     ==========














See accompanying notes to financial statements


                                  Page 4






                   NOFIRE TECHNOLOGIES, INC.
                   STATEMENTS OF OPERATIONS
<TABLE>
<CAPTION>

                                         For the Nine Months       For the Three Months
                                           Ended May 31,               Ended May 31,
                                           2006       2005         2006           2005
                                       ----------   ------       ------         ------
<S>                                         <C>        <C>         <C>            <C>
                                             (UNAUDITED)              (UNAUDITED)

NET SALES                              $  222,273    $ 464,691     $  60,026    $ 274,777
                                       ----------   ---------     ----------   ----------
COSTS AND EXPENSES:
    Cost of sales                         123,386      170,742       45,969        61,963
    Research and development costs         34,190       36,773       14,079        14,805
    General and administrative            790,118      939,685      282,815       457,553
    Equity based compensation expense      43,443       70,565       78,753        20,560
                                       ----------    ----------    -----------  ----------
                                          991,137     1,217,765      421,616       554,881
                                       ----------     ---------     -----------   --------
LOSS FROM OPERATIONS                     (768,764)    (753,074)    (361,590)     (280,104)
                                       ----------    ----------    -----------   ----------
OTHER EXPENSES:
    Interest expense                     338,997       136,863       87,195        49,555
    Interest income                           -             70         -              225
    Equity based interest expense        281,883       556,827      281,883       465,879
                                       ----------    ----------    ------------  ---------
                                         620,880       693,760       369,078       515,659
                                       ----------    ----------    ------------  ---------

LOSS BEFORE INCOME TAXES               (1,389,644)  (1,446,834)     (730,668)    (795,763)

DEFERRED INCOME TAX BENEFIT                35,783       43,225           -         -
                                       ----------    ----------    ------------- ---------
NET LOSS                              $(1,353,861) $(1,403,609)     (730,668)   $(795,763)
                                       ==========    ==========    ============= =========

WEIGHTED AVERAGE COMMON SHARES
  OUTSTANDING                          34,956,622   31,401,705    35,131,622   31,401,705
                                       ==========   ==========   ============= ==========

BASIC AND DILUTED EARNINGS LOSS
  PER COMMON SHARE                     $   (0.04)  $   (0.05)   $    (0.02)      $ (0.03)
                                       ==========   ==========   ============== =========
</TABLE>





See accompanying notes to financial statements

                                Page 5



                   NOFIRE TECHNOLOGIES, INC.
                   STATEMENTS OF CASH FLOWS
<TABLE>
<CAPTION>

                                                  For the Nine Months
                                                   Ended May 31,
                                                    2006       2005
                                                 ---------    ---------
                                                      (UNAUDITED)

<S>                                                <C>          <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
   Net loss                                   $ (1,353,861) $(1,403,609)
   Adjustments to reconcile net loss to
     net cash flows from operating activities:
        Depreciation and amortization                1,185        5,048
        Amortization of interest expense for
        discount on convertible debentures         324,107      423,059
        Warrants issued in exchange for loans       92,875
        Repricing of warrants                       20,178       50,860
        Warrants issued with debt conversion
        and common stock in exchange for services   50,447      113,884
        Changes in operating assets and liabilities

             Inventory                              29,577      (2,678)
             Accounts receivable - trade              (686)      12,751
             Prepaid expenses and other            (19,196)      (5,590)
             Accounts payable and accrued expenses 372,758      139,491
             Deferred salaries                     319,993      198,677
             Foreign tax credit                        -         46,500

                                                ----------    ---------
 Net cash flows from operating activities         (163,623)    (421,607)
                                                ----------    ---------

</TABLE>

See accompanying notes to financial statements




Page 6


NOFIRE TECHNOLOGIES, INC.
STATEMENTS OF CASH FLOWS

<TABLE>
<CAPTION>

                                                For the Nine Months
                                                   Ended May 31,
                                                 2006        2005
                                               ---------     ---------
<S>                                                <C>            <C>
                                                      (UNAUDITED)
CASH FLOWS FROM INVESTING ACTIVITIES                  -           -
             Security deposits                        (2,048)    (870)
                                                  ----------   --------
Net cash flows from investing activities              (2,048)    (870)
                                                  ----------    ------

CASH FLOWS FROM FINANCING ACTIVITIES

   Proceeds from issuance of common stock,
     net of related expenses                        35,000    106,000
   Net proceeds from short term loans               88,347     87,438
   Payments on advances from stockholders          (38,500)      -
   Loans and advances from stockholders             70,978    204,550
                                                  ----------   ----------
Net cash flows from financing activities           155,825     397,988
                                                 ----------    ----------
NET CHANGE IN CASH                                  (9,846)   (12,489)

CASH AT BEGINNING OF PERIOD                         14,099      33,706
                                                ----------    ----------
CASH AT END OF PERIOD                              $ 4,253      $ 9,217
                                                ==========    ==========


SUPPLEMENTAL CASH FLOW INFORMATION

Income taxes paid (received)                  $ (35,783)      $(43,225)
                                               ========       =========

Interest paid                                 $ 24,254        $  6,878
                                              ==========    ==========


Common stock issued in exchange
  for subscription receivable                      -       $ 1,614,434
  for settlement of debt                           -           10,000
  for debt conversion                          $ 65,009          -
                                              ==========    ==========


</TABLE>


See accompanying notes to financial statements






Page 7








                        NOFIRE TECHNOLOGIES, INC.
                    NOTES TO THE FINANCIAL STATEMENTS
                               (Unaudited)

                               May 31,2006


NOTE 1 - Basis of Presentation:

The balance sheet at the end of the preceding fiscal year has been derived
from the audited balance sheet contained in the Company's Form 10-KSB for the
year ended August 31, 2005 (the "10-KSB") and is presented for comparative
purposes.  All other financial statements are unaudited. In the opinion of
management, all adjustments which include only normal recurring adjustments
necessary to present fairly the financial position, results of operations and
cash flows for all periods presented have been made. The results of
operations for interim periods are not necessarily indicative of the operating
results for the full year.

Footnote disclosures normally included in financial statements prepared in
accordance with accounting principles generally accepted in the United States
of America have been omitted in accordance with the published rules and
regulations of the Securities and Exchange Commission.  These financial
statements should be read in conjunction with the financial statements and
notes thereto included in the 10-KSB for the most recent fiscal year.


NOTE 2 - Reorganization:

The Company owned 89% of the outstanding common stock of both No Fire Ceramic
Products, Inc. and No Fire Engineering, Inc. together with an option to
acquire the remaining 11% of such stock.  Both of those subsidiaries were
dissolved during the fiscal year ended August 31, 1997.

Under a Chapter 11 proceeding, the Bankruptcy Court confirmed a Plan of
Reorganization for the Company which became effective on August 11, 1995.
Claims of creditors, to the extent allowed under the Plan, were required to be
paid over a four-year period.

NOTE 3- Summary Of Significant Accounting Polocies:

     Loss per Share - Loss per share is based on the weighted average number
of shares outstanding during the periods.  The effect of warrants outstanding
is not included since it would be anti-dilutive.

     Equity Based Compensation- The Company follows the intrinsic value method
of Accounting Principles Board Opinion No. 25, Accounting for Stock Issued to
Employees (APB 25) and related interpretations in accounting for its employee
stock options because, in the opinion of management, Financial Accounting
Standards Board Statement No. 123, Accounting for Stock-Based Compensation
(FAS 123) requires use of option valuation models that were not developed for
use in valuing employee stock options. FAS 123 permits a company to elect to
follow the intrinsic value method of APB 25 rather than the alternative fair
value accounting provided under FAS 123, but requires pro forma net income
(loss) and earnings (loss) per share disclosures as well as various other
disclosures. The Company has adopted the disclosure provisions required under
Financial Accounting standards Board Statement No. 148, Accounting for
Stock-Based Compensation Transition and Disclosure (FAS 148).

If the recognition provisions of SFAS 123 using the Black-Scholes option
pricing model were applied, the resulting pro-forma net income (loss)
available to common shareholders and pro-forma net income (loss) available,
to common shareholders per share, would be as follows:

Page 8


NOFIRE TECHNOLOGIES, INC
NOTES TO FINANCIAL STATEMENT
(Unaudited)
May 31, 2006




                                  Nine months ended          Three months ended
                                       May 31,                      May 31,
                                  2006             2005       2006        2005

Net loss as reported          $(1,353,861) $ (1,403,609)    (730,668)$(795,763)
Deduct: Stock-based compensation,
Net of tax                         13,975       133,000          0        0
                              -------      -----------       ------- ---------
Net loss, pro-forma          $ (1,367,836) $(1,536,609)      (730,668 (795,563)
Basic earnings per share
     As reported             $  (0.04)        $ (0.047))      $(0.02)  $ (.025)
     Pro-forma               $  (0.04)        $ (0.048))      $(0.02)  $ (.025)




The above stock-based employee compensation expense has been determined
utilizing a fair value method, the Black-Scholes option-pricing model.

The Company has recorded $38,532 of compensation expense for stock options
and warrants granted to employees during nine months ended May 31, 2006.

In accordance with SFAS 123, the fair value of each option grant has been
estimated as of the date of the grant using the Black-Scholes option pricing
model with the following weighted average assumptions:


                                       For the Nine Months ended May 31,
                                                2006               2005

Risk free interest rate                         4.52               4.0
Expected life
Yrs                                              5                 5
Dividend rate                                  0.0%                0.0%
Expected volatility                            113%                73%



FASB 155   Accounting for Certain Hybrid Financial Instruments

In February 2006, the FASB issued FASB Statement No. 155, which is an
amendment of FASB Statements No. 133 and 140. This Statement: a) permits fair
value remeasurement for any hybrid financial instrument that contains an
embedded derivative that otherwise would require bifurcation, b) clarifies
which interest-only strip and principal-only strip are not subject to the
requirements of Statement 133, c) establishes a requirement to evaluate
interests in securitized financial assets to identify interests that are
freestanding derivatives or that are hybrid financial instruments that contain
an embedded derivative requiring bifurcation, d) clarifies that concentrations
of credit risk in the form of subordination are not embedded derivatives, e)
amends Statement 140 to eliminate the prohibition on a qualifying
special-purpose entity from holding a derivative financial instrument that
pertains to a beneficial interest other than another derivative financial
instrument.  This Statement is effective for financial statements for fiscal
years beginning after September 15, 2006. Earlier adoption of this Statement
is permitted as of the beginning of an entity s fiscal year, provided the
entity has not yet issued any financial statements for that fiscal year.
Page 09


NOFIRE TECHNOLOGIES, INC.
                    NOTES TO THE FINANCIAL STATEMENTS
                               (Unaudited)
                               May 31, 2006


Management believes this Statement will have no impact on the financial
statements of the Company once adopted.

FASB 156   Accounting for Servicing of Financial Assets

In March 2006, the FASB issued FASB Statement No. 156, which amends FASB
Statement No. 140. This Statement establishes, among other things, the
accounting for all separately recognized servicing assets and servicing
liabilities. This Statement amends Statement 140 to require that all
separately recognized servicing assets and servicing liabilities be initially
measured at fair value, if practicable. This Statement permits, but does not
require, the subsequent measurement of separately recognized servicing assets
and servicing liabilities at fair value. An entity that uses derivative
instruments to mitigate the risks inherent in servicing assets and servicing
liabilities is required to account for those derivative instruments at fair
value. Under this Statement, an entity can elect subsequent fair value
measurement to account for its separately recognized servicing assets and
servicing liabilities. By electing that option, an entity may simplify its
accounting because this Statement permits income statement recognition of the
potential offsetting changes in fair value of those servicing assets and
servicing liabilities and derivative instruments in the same accounting
period. This Statement is effective for financial statements for fiscal years
beginning after September 15, 2006. Earlier adoption of this Statement is
permitted as of the beginning of an entity s fiscal year, provided the entity
has not yet issued any financial statements for that fiscal year. Management
believes this Statement will have no impact on the financial statement of the
company once adopted.

NOTE 4 - Management's Actions to Overcome Operating and Liquidity
         Problems:

The Company's financial statements have been presented on the going concern
basis which contemplates the realization of assets and the satisfaction of
liabilities in the normal course of business.  The Company's viability as a
going concern is dependent upon its ability to achieve profitable operations
through increased sales and/or obtaining additional financing. Without
achieving these, there is substantial doubt about the Company s ability to
continue as a going concern.

The Company has a liability for settled claims payable to creditors in
connection with its reorganization under the Plan.  Without the achievement
of profitable operations or additional financing, funds for repayment would
not be available.

Management believes that successful passing of stringent tests, obtaining
various civil and government approvals, and actions it has undertaken to
revise the Company s operating and marketing structure should provide it
with the opportunity to generate revenues needed to realize profitable
operations and to attract the necessary financing and/or capital for the
payment of outstanding obligations.


NOTE 5 Convertible Debentures-Other Debt And Capital:

On September 2, 2005 the Company borrowed, from an accredited investor,
$100,000 at the interest rate of 15%. The note has a one year maturity
date.

Page 10

NOFIRE TECHNOLOGIES, INC.
                    NOTES TO THE FINANCIAL STATEMENTS
                               (Unaudited)
                               May 31, 2006


In conjunction with the above $100,000 note, ten year $.14 warrants
were issued for the purchase of 1,000,000 shares of the Company s
common stock. The recorded debt was discounted for the allocated value
to the warrants issued of $65,734. The discount will be amortized to
expense at approximately $16,000 per quarter.

During October 2005 the Company borrowed from two individuals $36,135.
These loans bore no interest and have no specific due date.

In January and February 2006 the Company sold to 4 accredited investors
and one employee 250,000 shares of the Company s common stock for $25,000.
In conjunction the Company issued five-year warrants to purchase 250,000
shares of the Company s common stock at an exercise price of $.085 to $.14
per share.

During February 2006 the Company borrowed from three individuals
$30,000. These loans will be paid back from the sale of the first 750
gallons of A-18 in the amount of $36,000 and have no specific due date.

In March 2006 the Company borrowed, from an individual, $29,000 at an interest
rate of 2% per month. In conjunction with the transaction the Company issued
five-year warrants to purchase 20,000 shares of the Company s common stock at
an exercise price of $.10 per share. In April $9,000 was repaid and an
additional $10,000 was repaid in June 2006.

In April 2006 the Company borrowed $25,000 from a director of the Company. The
Note carries an interest rate of $500 per month and is due July 21, 2006. In
conjunction with the transaction the Company issued five-year warrants to
purchase 50,000 shares of the Company s common stock at an exercise price of
$.20 per share.

In May 2006, $469,928 of Convertible Debentures previously
issued  were reissued. In conjunction with the reissued debt the
Company issued 1,200,000 $0.20 five-year warrants to purchase the
Companys common stock. The warrants vested immediately. The Company
charged $ 269,968 to interest expense on this transaction and $65,009
of debt discount is being written off at approximately $5345 per month.

In March 2006 the Company sold to an accredited investor 100,000 shares
of the Company s common stock for $10,000. In conjunction
the Company issued five-year warrants to purchase 100,000 shares of the
Company s common stock at an exercise price of $.15 per share.


During the quarter ended May 31, 2006 two officers loaned the
Company a total of $39,455.

NOTE 6- WARRANTS

Warrants were issued during the quarter as follows.

Name            Issue            Expire        Amount       Exercise Price

Noteholder      March 06       March 2011        20,000      $ .10
Individuals(2)  March 06       March 2011       125,000      $.08.5  to .15
Employee        April 06       April 2011         2,000      $.20
Director        April 06       April 2011        50,000      $.20
Employees (2)   May 06         May 2011         140,000      $.20
Noteholder      May 06         May 2011       1,200,000      $.20

Page 11
NOFIRE TECHNOLOGIES, INC.
                    NOTES TO THE FINANCIAL STATEMENTS
                               (Unaudited)
                               May 31, 2006


In May 2006, $469,928 of Convertible Debentures previously
issued were reissued.

In conjunction with the above the Company issued 1,200,000 $0.20 five-
year warrants to purchase the Companys common stock. The warrants
vested immediately. The Company charged $269,968 to interest expense
on this transaction. $61,447 of debt discount is being written off at
approximately $5345 per month.

The warrants vested immediately except 100,000 shares issued to an employee in
May of 2006 which vest 50,000 in November 2006 and 50,000 shares in May 2007
subject to an agreement still being in force.

During the quarter ended May 31, 2006 no warrants expired.

NOTE 7- SUBSEQUENT EVENTS

In March 2006 the Company borrowed, from an individual, $29,000 at an interest
rate of 2% per month. In conjunction with the transaction the Company issued
five-year warrants to purchase 20,000 shares of the Company s common stock at
an exercise price of $.10 per share. In April $9,000 was repaid and an
additional $10,000 was repaid in June 2006.

During June 2006 an officer loaned the company $ 13,500.

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

The Company continued its product development and application testing, and now
have numerous certifications for specific applications.  Since August 1995,
the Company has applied for eight patents, five of which have been issued.
The other three are pending.  Additionally, one patent has been purchased by
the Company.  The Company has been increasing its marketing efforts
principally by retaining the services of specialized distribution firms.  The
Company's management believes that marketing efforts to date have brought the
Company closer to achieving greater sales for applications in many diverse
industries including: military, maritime, wood products, structural steel and
nuclear power plants.  Significant tests have been passed and approvals
received to qualify the Company's products in naval and other military and
governmental applications.  Aggressive marketing efforts are underway to
obtain orders in these applications.  Obstacles encountered in obtaining
orders for most applications are the continuing tests and approvals required,
competition against well established and better capitalized companies, cost,
the slow process of specifying new products in highly regulated industrial
applications and the decisions not to use any fire retardant product.

In general, the Company's products perform their intended uses well and are
in a form that is safe and easy to use.  The Company's most pressing need
continues to be cash infusion as discussed below in the section on Liquidity
and Capital Resources.  The Company is limiting its research and development
efforts in order to concentrate on sales of existing products.  While new
market opportunities frequently arise, the Company has opted to concentrate
on targeting sales of present products rather than developing new products.
Efforts to establish additional U.S. distributors are being accelerated.
Additional efforts are also being directed to increase international sales
by establishing distributor relationships in strategic locations throughout
the industrialized world.


Page 12
The number of manufacturing and quality control employees will increase with
increased production.  The salaried administrative and marketing staff will be
evaluated and may be increased to support sales and marketing initiatives.

Additional support for direct sales is expected to be provided by independent
commission agents or employees compensated principally by commission.

 COMPARISON NINE MONTHS ENDED May 31, 2006 AND May 31, 2005

Sales of $222,373 for the nine months ended May 31, 2006 represented a
decrease of 52.1% from the $464,691 for the comparable nine-month period of
the prior year. Cost of goods sold during the same periods decreased from
$170,742 to $123,386 resulting in a gross profit of $98,987 compared to
$293,949 in the prior year.  Selling, general and administrative expenses for
the nine months ended May 31, 2006 was $790,118,representing a decrease of
$149,567 or 15.9% from the $939,685 of the similar period of the prior year.


The main components of the decreases are  approximately $62,000, $47,800
$17,000 and $17,00 in bad debts, commissions, insurance  and professional fees
respectively.
COMPARISON THREE MONTHS ENDED May 31, 2006 AND May 31, 2005

Sales of $60,026 for the three months ended May 31, 2006 represented a
decrease of 78.3% from the $274,777 for the comparable three-month period of
the prior year. Cost of goods sold during the same periods decreased from
$170,742 to $123,385 resulting in a gross profit of $98,987 compared to
$293,949 in the prior year.  Selling, general and administrative expenses for
the three months ended May 31, 2006 was $282,815, representing a  decrease of
$174,815 or 38.2% from the $457,553 of the similar period of the prior year.

The main components of the decreases are approximately $62,000, $47,000
$44,000 $5,000 and $15,000 in bad debts, commissions salaries insurance and
professional fees, respectively.

LIQUIDITY AND CAPITAL RESOURCES
At May 31, 2006 the Company had cash balances of $4,253.

In March 2006 the Company borrowed, from an individual, $29,000 at an interest
rate of 2% per month. In conjunction with the transaction the Company issued
five-year warrants to purchase 20,000 shares of the Company s common stock at
an exercise price of $.10 per share. In April $9,000 was repaid and an
additional $10,0 00 was repaid in June 2006.

In April 2006 the Company borrowed $25,000 from a director of the Company. The
Note carries an interest rate of $500 per month and is due July 21, 2006. In
conjunction with the transaction the Company issued five-year warrants to
purchase 50,000 shares of the Company s common stock at an exercise price of
$.20 per share.

In March 2006 the Company sold to an accredited investor 100,000 shares
of the Company s common stock for $10,000. In conjunction
the Company issued five-year warrants to purchase 100,000 shares of the
Company s common stock at an exercise price of $.15 per share.

During the quarter ended May 31, 2006 two officers loaned the
Company a total of $ 39,455.

The Company has deferred payment of $378,031 of the installments of the
Chapter 11 liability to unsecured creditors that was due in September 1996,
1997, 1998 and 1999.  In order to pay those liabilities and meet working
capital needs until significant sales levels are achieved, the Company will
continue to explore alternative sources of funding including exercise of
warrants, bank and other borrowings, issuance of convertible debentures,
issuance of common stock to settle debt, and the sale of equity securities in
Page 13
a public or private offering.  There is no assurance that the Company will be
successful in securing requisite financing.

Item 3 CONTROLS AND PROCEDURES

Our management, including the Chief Executive Officer and Chief Financial
Officer, have conducted an evaluation of the effectiveness of the design and
operation of our disclosure controls and procedures pursuant to Rule 13a-15
under the Securities Exchange Act of 1934, as amended (the "1934 Act"), as of
the end of the period covered by this Quarterly Report on Form 10-QSB/A. Based
on that evaluation, our Chief Executive Officer and Chief Financial Officer
concluded that our disclosure controls and procedures are effective in
ensuring that information required to be disclosed by us in the reports we
file
or submit under the 1934 Act is recorded, processed, summarized and reported
within the time periods specified in the SEC's rules and forms.

There have been no changes in internal control over financial
reporting that have materially affected, or are reasonably likely to
materially affect, our internal control over financial reporting during
the period covered by this report

PART II. OTHER INFORMATION

Item 1. Legal Proceedings

   None

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

In March 2006 the Company sold to an accredited investor 100,000 shares
of the Company s common stock for $10,000. In conjunction
the Company issued five-year warrants to purchase 100,000 shares of the
Company s common stock at an exercise price of $.15 per share.

Date       Title     Number    Cash Price
 3/06     common     100,000       $.10

The proceeds were used for working capital.

ITEM 6.  EXHIBITS

Exhibits 31.1 31.2 Certification of Financial Information

Exhibit 32.1 32.2 Sarbanes-Oxley Act Section 906 Certification

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.

Dated: July 19, 2006                 NoFire Technologies, Inc.


                                   By:  /s/ Samuel Gottfried
                                        Samuel Gottfried
                                        Chief Executive Officer


                                   By:  /s/ Sam Oolie
                                        Sam Oolie
                                        Chairman of the Board,
                                        Chief Financial Officer


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