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, 2002

           [ ]  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          (IRS 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: 20,466,110 shares of Common
Stock as of June 27, 2002.

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.  Unaudited Financial Statements:

         Balance Sheets as of May 31, 2002
         and August 31, 2001                                 3

         Statements of Operations for the Nine Months
         ended May 31, 2002 and 2001; and the
         Three months ended May 31, 2002 and
         2001                                                5

         Statements of Cash Flows for the Nine Months
         ended May 31, 2002 and 2001                         6

         Notes to Unaudited Financial Statements             8

Item 2.  Management's Discussion and Analysis of
         Financial Condition and Results of Operations      10


Part II - OTHER INFORMATION

Item 6.  Exhibits and Reports on Form 8-K                   11

         Signatures                                         12


























                                  Page 2

              PART I - FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS

                      NOFIRE TECHNOLOGIES, INC.
                    (A Development Stage Company)

                           BALANCE SHEETS

                                                 May 31,     August 31,
                                                  2002         2001
                                              -----------   ----------
                                               (UNAUDITED)

              ASSETS

CURRENT ASSETS:
    Cash                                      $  103,714    $   44,412
    Accounts receivable - trade                   12,463        22,453
    Inventories                                  114,785       153,095
    Prepaid expenses and other current assets     53,120        51,264
                                               ---------    ----------
    Total Current Assets                         284,082       271,224
                                               ---------    ----------
EQUIPMENT, less accumulated depreciation           9,399        11,143
                                               ---------    ----------
OTHER ASSETS:
    Patents, less accumulated amortization of
      $1,514,753 at May 31, 2002 and
      $1,509,798 at August 31, 2001               18,278        23,233
    Security deposits                             19,379        19,379
                                              ----------     ---------
                                                  37,657        42,612
                                              ----------     ---------
                                              $  331,138    $  324,979
                                              ==========    ==========





















See accompanying notes to financial statements

                                  Page 3


                      NOFIRE TECHNOLOGIES, INC.
                    (A Development Stage Company)

                           BALANCE SHEETS

                                                 May 31,     August 31,
                                                  2002          2001
                                              -----------    ----------
                                              (UNAUDITED)

        LIABILITIES AND STOCKHOLDERS' EQUITY
                     (DEFICIENCY)

CURRENT LIABILITIES:
    Settled liabilities                       $1,178,432     $1,187,503
    Accounts payable and accrued expenses        948,665        768,485
    Loans, and advances payable to
      stockholders                                10,250         10,250
    Deferred salaries                            993,910        759,989
    Loan Payable - 8%                             60,000           -
                                              ----------      ---------
                                               3,191,257      2,726,227
                                              ----------      ---------

COMMITMENTS AND CONTINGENCIES


STOCKHOLDERS' EQUITY (DEFICIENCY):
    Common stock $.20 par value:
      Authorized - 50,000,000 shares
      Issued and outstanding - 20,466,110
       shares at May 31, 2002 and
       19,820,430 at August 31, 2001           4,093,222      3,964,086
    Capital in excess of par value             3,291,203      3,206,855
    Deficit accumulated in the development
      stage                                  (10,244,544)    (9,572,189)
                                              ----------     ----------
    Total Stockholders' Equity (Deficiency)   (2,860,119)    (2,401,248)
                                              ----------     ----------
                                              $  331,138     $  324,979
                                              ==========     ==========














See accompanying notes to financial statements

                                  Page 4


                   NOFIRE TECHNOLOGIES, INC.
                (A Development Stage Company)

                   STATEMENTS OF OPERATIONS
<TABLE>
<CAPTION>
                                                                                          July 13, 1987
                                                                                           (Date of
                                       For the Nine Months        For the Three Months      Inception)
                                   Ended May 31,               Ended May 31,          through
                                        2002        2001            2002        2001       May 31, 2002
                                    ----------   ----------     ----------   ----------     ----------
                                           (UNAUDITED)               (UNAUDITED)
<S>                                <C>          <C>            <C>          <C>           <C>
NET SALES                            $ 165,836    $ 171,641      $  62,078    $  30,639    $ 1,218,934
                                    ----------   ----------     ----------   ----------     ----------
COSTS AND EXPENSES:
    Cost of sales                       87,680       79,849         31,004       14,741        643,873
    Write-down of excess inventory        -            -              -            -            55,000
    General and administrative         871,237    1,000,937        286,326      323,869     13,543,691
                                    ----------   ----------     ----------   ----------     ----------
                                       958,917    1,080,786        317,330      338,610     14,242,564
                                    ----------   ----------     ----------   ----------     ----------
LOSS FROM OPERATIONS                  (793,081)    (909,145)      (255,252)    (307,971)   (13,023,630)
                                    ----------   ----------     ----------   ----------     ----------
OTHER EXPENSES:
    Interest expense                    85,616      162,826         23,459       57,879      1,391,971
    Interest income                       (382)      (6,244)           (78)      (1,312)       (24,065)
    Reorganization items                  -            -              -            -           365,426
    Litigation settlement                 -            -              -            -           198,996
                                    ----------   ----------     ----------   ----------     ----------
                                        85,234      156,582         23,381       56,567      1,932,328
                                    ----------   ----------     ----------   ----------     ----------
LOSS BEFORE DISCONTINUED OPERATIONS
  AND EXTRAORDINARY ITEM              (878,315)  (1,065,727)      (278,633)    (364,538)   (14,955,958)

DISCONTINUED OPERATIONS                   -            -              -            -        (1,435,392)
                                    ----------   ----------     ----------   ----------     ----------
LOSS BEFORE EXTRAORDINARY ITEM        (878,315)  (1,065,727)      (278,633)    (364,538)   (16,391,350)

EXTRAORDINARY ITEM - Gain on
  debt discharge                          -            -              -            -           507,952
                                    ----------   ----------     ----------   ----------     ----------
LOSS BEFORE INCOME TAXES              (878,315) $(1,065,727)    $ (278,633)  $ (364,538)  $(15,883,398)

DEFERRED INCOME TAX BENEFIT            205,960      206,767           -            -           412,727
                                    ----------   ----------     ----------   ----------     ----------
NET LOSS                           $  (672,355) $  (858,960)    $ (278,633)  $ (364,538)  $(15,470,671)
                                    ==========   ==========     ==========   ==========     ==========

WEIGHTED AVERAGE COMMON SHARES
  OUTSTANDING                       19,856,301   16,629,151     19,838,366   16,628,651
                                    ==========   ==========     ==========   ==========

EARNINGS (LOSS) PER SHARE, BASIC
  AND DILUTED                       $    (0.03)  $    (0.05)    $    (0.01)  $    (0.02)
                                    ==========   ==========     ==========   ==========
</TABLE>






See accompanying notes to financial statements

                                Page 5


                   NOFIRE TECHNOLOGIES, INC.
                (A Development Stage Company)

                   STATEMENTS OF CASH FLOWS
<TABLE>
<CAPTION>
                                                                           July 13, 1987
                                                                             (Date of
                                                  For the Nine Months       Inception)
                                                     Ended May 31,           through
                                                    2002        2001       May 31, 2002
                                                 ---------    ---------     ----------
                                                      (UNAUDITED)          (UNAUDITED)
<S>                                            <C>          <C>          <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
   Net loss                                     $ (672,355)  $ (858,960)  $(15,470,671)
   Adjustments to reconcile net loss to
     net cash flows from operating activities:
        Depreciation and amortization                6,699        6,697      1,832,717
        Extraordinary gain on debt discharge          -            -          (507,952)
        Amortization of interest expense for
          settled liabilities                         -            -           634,522
        Amortization of interest expense for
          discount on note payable                  13,484         -            13,484
        Revaluation of assets and liabilities
          to fair value                               -            -           482,934
        Litigation settlement                         -            -           198,996
        Common stock issued in exchange for
          services                                    -          10,080        141,780
        Write-down of excess inventory                -            -            55,000
        Changes in operating assets and liabilities
         (net of effects from reverse purchase
          acquisition)
             Accounts receivable - trade             9,990       (7,342)       (12,463)
             Inventories                            38,310      (54,818)      (169,785)
             Prepaid expenses                       (1,856)         364        (53,120)
             Accounts payable and accrued
               expenses                            180,180      (49,181)     3,427,656
             Security deposits                        -            -           (19,379)
             Deferred salaries                     233,921         -           993,910
             Obligation from discontinued
                 operations                           -            -            51,118
                                                ----------    ---------     ----------
 Net cash flows from operating activities         (191,627)    (953,160)    (8,401,253)
                                                ----------    ---------     ----------


CASH FLOWS FROM INVESTING ACTIVITIES:
   Purchase of equipment                              -            -           (40,712)
   Increase in patent costs                           -            -          (164,320)
   Acquisition accounted for as a
     reverse purchase                                 -            -          (517,893)
                                               -----------    ---------     ----------
Net cash flows from investing activities              -            -          (722,925)
                                               -----------    ---------     ----------
</TABLE>









See accompanying notes to financial statements


                                      Page 6


                  NOFIRE TECHNOLOGIES, INC.
                (A Development Stage Company)

                   STATEMENTS OF CASH FLOWS
<TABLE>
<CAPTION>
                                                                           July 13,1987
                                                                            (Date of
                                                 For the Nine Months        Inception)
                                                    Ended May 31,            through
                                                  2002          2001       May 31, 2002
                                               ---------     ---------      ----------
                                                    (UNAUDITED)            (UNAUDITED)
<S>                                          <C>             <C>         <C>
CASH FLOWS FROM FINANCING ACTIVITIES:
   Proceeds from long-term debt                     -             -         1,506,113
   Principal payments on notes payable              -             -           (75,000)
   Principal payments of settled liabilities      (9,071)      (17,730)    (2,884,416)
   Proceeds from issuance of common stock,
     net of related expenses                     200,000          -         8,674,943
   Payments on advances from stockholders           -             -           (60,750)
   Loans and advances from stockholders             -             -            79,053
   Interest accrued on loans from
     stockholders                                   -             -            (8,053)
   Proceeds from issuance of convertible
     debentures                                     -        1,000,000      1,936,002
   Proceeds from short-term loan                 150,000          -           150,000
   Principal payment on short-term loan          (90,000)         -           (90,000)
                                              ----------    ----------     ----------
Net cash flows from financing activities         250,929       982,270      9,227,892
                                              ----------    ----------     ----------
NET CHANGE IN CASH                                59,302        29,110        103,714

CASH AT BEGINNING OF PERIOD                       44,412       103,607           -
                                              ----------    ----------     ----------
CASH AT END OF PERIOD                         $  103,714    $  132,717     $  103,714
                                              ==========    ==========     ==========


SUPPLEMENTAL CASH FLOW INFORMATION

Interest paid                                 $    5,397    $    2,752     $   79,538
                                              ==========    ==========     ==========

Income taxes paid (benefit)                   $ (205,960)   $ (206,767)    $ (412,727)
                                              ==========    ==========     ==========

Common stock issued in exchange
  for settlement of debt and
  accrued interest                            $     -       $     -        $2,439,816
                                              ==========    ==========     ==========

Common stock issued in exchange
  for subscriptions receivable                $     -       $     -        $   95,000
                                              ==========    ==========     ==========

Common stock issued in exchange for
  services                                    $     -       $   10,080     $  141,780
                                              ==========    ==========     ==========
</TABLE>




See accompanying notes to financial statements


                                        Page 7


                        NOFIRE TECHNOLOGIES, INC.
                      (A Development Stage Company)

                    NOTES TO THE FINANCIAL STATEMENTS
                               (Unaudited)

                              May 31, 2002

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, 2001 (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.

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


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 - 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.



                               Page 8
                        NOFIRE TECHNOLOGIES, INC.
                      (A Development Stage Company)

                    NOTES TO THE FINANCIAL STATEMENTS
                               (Unaudited)

                              May 31, 2002

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 4 - Warrants:

In September 2001, the Company received $150,000 from an accredited investor
in exchange for a note bearing interest at 8% and payable no later than
January 31, 2002.  The terms were modified, and the $60,000 remaining balance
has no specific maturity date.  The Company also granted to the investor a
warrant for the purchase of 100,000 shares of the Company's common stock at
an exercise price of $0.20 per share.  Accordingly, the note was discounted
to reflect the calculated fair value of the warrant issued.

In November 2001, the expiration date for warrants to purchase 885,000 shares
of the Company's common stock, granted from October 1996 to June 1997, was
extended to November 2006.  In addition, these warrants were repriced whereby
the exercise price was reduced from $2.00 per share to $0.35 per share.  At
May 31, 2002, no additional expense exists relating to the repricing because
the calculated fair value of the repriced warrants is less than the fair
value of the warrants as originally issued.

In November 2001, the Company issued warrants to the Chief Executive Officer
of the Company to purchase 100,000 shares of the Company's common stock for
$0.35 per share, expiring in five years.  The warrants vest immediately.

In December 2001, the Company issued warrants to four employees and two
outside directors to purchase a total of 80,000 shares of the Company's
common stock for $0.40 per share, expiring in five years.  The warrants
vest immediately.  Also in December 2001, warrants for 323,500 shares expired.

In May 2002, as part of the sale of units described in Note 5 to the
Financial Statements, the Company issued five-year warrants for the
purchase of 454,318 shares of its common stock at an exercise price of
$0.50 per share.


NOTE 5 - Common Stock:

During May 2002, additional funding of $200,000 was obtained by the sale of
645,680 units consisting of one share of common stock and five-year warrants
to purchase 0.70363 shares at an exercise price of $0.50 per share.  The
sales were made to three accredited investors.

                               Page 9


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
has 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 is substantially 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.

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, 2002 AND MAY 31, 2001

Sales of $165,836 for the nine months ended May 31, 2002 represented a
decrease of $5,805 or 3% from the $171,641 of the comparable nine-month
period of the prior year.  Cost of goods sold during the same periods were
$87,680 compared to $79,849, resulting in a gross profit of $78,156 compared
to $91,792 in the prior year.  General and administrative expenses for the
nine months ended May 31, 2002 were $871,237 representing a decrease of
$129,700 or 13% from the $1,000,937 of the similar period of the prior year.
The most significant changes were decreases of $49,700 in marketing costs,
$25,500 in professional fees and $21,700 in travel expenses.




                                 Page 10


The convertible debentures issued during the period in 2001 were converted
into common stock prior to the start of the period this year which conversion
accounted for the major part of the $77,210 decrease in interest expense
between the periods.  During the periods in both 2001 and 2002, the Company
realized about $206,000 through the sale of a portion of its New Jersey Net
Operating Loss Carry Forward under a program sponsored by that state.


COMPARISON THREE MONTHS ENDED MAY 31, 2002 AND MAY 31, 2001

Sales of $62,078 for the three months ended May 31, 2002 represented an
increase of $31,439 or 103% from the $30,639 for the comparable three-month
period of the prior year.  Cost of goods sold for the same periods increased
to $31,004 from $14,741, resulting in a gross profit of $31,074 compared to
$15,898 in the similar period of the prior year.  General and administrative
expenses for the three months ended May 31, 2002 were $286,326 representing a
decrease of $37,543 or 12% from the $323,869 of the similar period of the
prior year.  There was no significant change in any specific category of
expense. The convertible debentures issued during the period in 2001 were
converted into common stock prior to the start of the period this year which
conversion accounted for the major part of the $34,420 decrease in interest
expense between the periods.


LIQUIDITY AND CAPITAL RESOURCES

At May 31, 2002 the Company had cash balances of $103,714.  In order to
fund continuing operations during the nine months ended on that date,
$150,000 was obtained through a sale of a note to an accredited investor.
$90,000 of principal was repaid during the period.  The note bears interest
of 8%, and was due no later than January 31, 2002.  The terms were modified,
and the $60,000 balance now has no specific maturity date.  The principal
repayment was made from the proceeds of the fiscal 2002 sale of the state
operating loss carryforward described above.  The remaining balance is
unsecured.

During May 2002, additional funding of $200,000 was obtained by the sale of
645,680 units consisting of one share of common stock and five-year warrants
to purchase 0.70363 shares at an exercise price of $0.50 per share.  The
sales were made to three accredited investors.

The Company has deferred payment of $1,178,432 of the installments of the
Chapter 11 liability to unsecured creditors that were due in September
1996, 1997, 1998 and 1999.  Of that deferred amount, $790,686 is due to
officers and directors of the Company.  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 a public or private offering.  There is no
assurance that the Company will be successful in securing requisite
financing.



ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

No reports on Form 8-K were filed during the quarter ended May 31, 2002.

                                 Page 11



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 2, 2002              NoFire Technologies, Inc.


                                   By:  /s/ William A. Retz
                                        William A. Retz
                                        Chief Executive Officer


                                   By:  /s/ Sam Oolie
                                        Sam Oolie
                                        Chairman of the Board,
                                        Chief Operating Officer
                                        and Treasurer




























                             Page 12