U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D. C. 20549

                                   FORM 10-QSB

(Mark One)
[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
       1934
For the fiscal quarter ended           December 31, 2001
                                 --------------------------------

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

Commission file number                0-17580
                                      -------

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

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


209 Lafayette Drive, Syosset, New York                          11791
-------------------------------------------------------------------------------
(Address of Principal Executive Offices)                     (Zip code)


                                 (516) 433-4700
                           ---------------------------
                           (Issuer's telephone number)

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 13, 2002, 1,704,425
shares of Registrant's Common Stock were issued and outstanding.

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


<PAGE>

                                      INDEX


Part I - Financial Information (unaudited)                                Page

   Item 1.  Financial Statements.

   Consolidated Balance Sheet as at December 31, 2001                      3

   Consolidated Statements of Operations for the Three Month
        Periods Ended December 31, 2001 and 2000                           5

   Consolidated Statements of Cash Flows for the Three Month
        Periods Ended December 31, 2001 and 2000                           6

   Notes to Consolidated Financial Statements                              7

   Item 2.  Management's Discussion and Analysis of Financial
                 Condition and Results of Operations                       9

Part II - Other Information

   Item 1.  Legal Proceedings.                                            11

   Item 2.  Changes in securities.                                        11

   Item 3.  Defaults Upon Senior Securities.                              11

   Item 4.  Submission of Matters to a Vote of Security Holders.          11

   Item 5.  Other Information.                                            11

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

   Signatures                                                             13


<PAGE>

                         Part I - FINANCIAL INFORMATION

                        FIRETECTOR INC. AND SUBSIDIARIES

                           CONSOLIDATED BALANCE SHEET
                                   (Unaudited)



                                                                    December 31,
                                                                        2001
                                                                    ------------
ASSETS

CURRENT ASSETS
  Cash and cash equivalents                                           $ 231,043
  Accounts receivable, principally trade, less allowance
     for doubtful accounts of $333,885                                5,541,793
  Inventories                                                         2,399,098
  Deferred taxes                                                        295,000
  Prepaid expenses and other current assets                             393,570
                                                                    ------------
     TOTAL CURRENT ASSETS                                             8,860,504
                                                                    ------------


PROPERTY AND EQUIPMENT -at cost, less
   accumulated depreciation and amortization of $1,147,197              363,522

OTHER ASSETS                                                            183,387

DEFERRED TAXES                                                           63,000


                                                                    ------------
     TOTAL ASSETS                                                    $9,470,413
                                                                    ============

See accompanying Notes to the Consolidated Financial Statements



                        FIRETECTOR INC. AND SUBSIDIARIES

                           CONSOLIDATED BALANCE SHEET
                                   (Unaudited)



                                                                    December 31,
                                                                        2001
                                                                     -----------
LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES

   Other notes payable - principally to related party                  $106,424
   Accounts payable and accrued expenses                              2,628,760
   Unearned service revenue                                             455,886
   Current portion of capital lease obligations                          23,048
                                                                     -----------
        TOTAL CURRENT LIABILITIES                                     3,214,118



   Note payable to bank                                               1,603,419
   Notes payable - principally to related party, less
    current portion                                                      89,310
   Capital lease obligations, less current portion                       61,595
                                                                      ----------
        TOTAL LIABILITIES                                             4,968,442
COMMITMENTS AND CONTINGENCIES                                         ----------

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
  Accumulated Deficit                                                  (778,223)
                                                                      ----------
TOTAL STOCKHOLDERS' EQUITY                                            4,501,971
                                                                      ----------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                           $9,470,413
                                                                     ===========

See accompanying Notes to the Consolidated Financial Statements
<PAGE>


                        FIRETECTOR INC. AND SUBSIDIARIES

                      CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (Unaudited)
<TABLE>
<CAPTION>

                                                                           For the Three Months Ended
                                                                                   December 31,
                                                                             2001                 2000
                                                                           -----------         -----------
<S>                                                                        <C>                 <C>
Net sales                                                                  $2,422,339          $2,883,229
Service revenue                                                             1,116,392           1,062,864
                                                                           -----------         -----------
Total revenues                                                              3,538,731           3,946,093
                                                                           -----------         -----------


Cost of sales                                                               1,910,559           1,912,026
Cost of service                                                               801,205             714,078
Selling, general and administrative                                         1,232,774           1,143,926
Interest expense                                                               22,918              40,895
Depreciation and amortization expense                                          42,870              43,406

                                                                           -----------          ----------
                                                                            4,010,326           3,854,331
                                                                           -----------          ----------
(Loss) Income before (benefit from) provision
  for income taxes                                                           (471,595)             91,762
                                                                           -----------          ----------
(Benefit from) provision  for income taxes:
   Current                                                                   (144,000)             44,000
   Deferred                                                                   (47,000)            (14,000)
                                                                           -----------          ----------
                                                                             (191,000)             30,000

                                                                           -----------          ----------
Net (Loss) Income                                                           ($280,595)            $61,762
                                                                           ===========          ==========
Earnings per common share
  Basic (loss) earnings per share                                              ($0.16)              $0.04
                                                                                =====               =====
  Diluted (loss) earnings per share                                            ($0.16)              $0.04
                                                                                =====               =====

Weighted average number of common shares outstanding                        1,704,425           1,704,425

Weighted average number of common and potential dilutive
  common shares outstanding                                                 1,704,425           1,730,357
</TABLE>


See accompanying Notes to the Consolidated Financial Statements


<PAGE>
                        FIRETECTOR INC. AND SUBSIDIARIES

                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (Unaudited)
<TABLE>
<CAPTION>
                                                                             For the Three Months Ended
                                                                                     December 31,
                                                                              2001                 2000
                                                                           -----------         ------------
<S>                                                                         <C>                <C>
OPERATING ACTIVITIES
Net (loss) income                                                           ($280,595)            $61,762
 Adjustments to reconcile net (loss) income to net cash
     (used in) provided by operating activities:
  Depreciation and amortization                                                42,870              43,406
  Deferred tax benefit                                                        (47,000)            (14,000)
  Provision for doubtful accounts                                               6,000              11,000
  Changes in operating assets and liabilities:
  Accounts receivable                                                         909,470           1,636,856
  Inventories, prepaid expenses and other current assets                     (263,585)           (185,480)
  Other assets                                                                (20,846)            (15,558)
  Accounts payable and accrued expenses                                      (677,425)         (1,032,210)
  Unearned service revenue                                                      1,987              45,775
                                                                            ----------         -----------
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES                          (329,124)            551,551
                                                                            ----------         -----------
INVESTING ACTIVITIES
  Purchases of property and equipment                                         (16,428)            (59,968)
                                                                            ----------         -----------
NET CASH (USED IN) INVESTING ACTIVITIES                                       (16,428)            (59,968)
                                                                            ----------         -----------
FINANCING ACTIVITIES

  Principal payments on revolving line of credit, long-term
    debt, notes payable and capital lease obligations                         (46,302)           (568,215)
  Proceeds from revolving line of credit, notes payable
    and capital lease obligations                                             324,477              21,463
  Notes payable to affiliated companies                                             0               4,827
                                                                            ----------         -----------
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES                           278,175            (541,925)
                                                                            ----------         -----------

NET (DECREASE) IN CASH AND CASH EQUIVALENTS                                   (67,377)            (50,342)

Cash and cash equivalents at beginning of period                              298,420             238,678
                                                                            ----------         -----------
Cash and cash equivalents at end of period                                   $231,043            $188,336
                                                                            ==========         ===========
SUPPLEMENTAL CASH FLOW INFORMATION:

Cash paid during the period for:
     Income taxes                                                            $150,154            $307,704
     Interest                                                                 $22,916             $36,069
</TABLE>


SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES:

During the quarters ended  December 31, 2001 and 2000,  the Company  incurred no
capital lease obilgations for the acquisition of equipment.

See accompanying Notes to the Consolidated Financial Statements

<PAGE>

                        FIRETECTOR INC. AND SUBSIDIARIES

                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

                      THREE MONTHS ENDED DECEMBER 31, 2001

                                   (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 in order to make the financial statements not
misleading have been included. Results for the three months ended December 31,
2001 are not necessarily indicative of the results that may be expected for the
fiscal year ending September 30, 2002. 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, 2001.

2. INVENTORY

Inventories are priced at the lower of cost (first-in, first-out) 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, Massachusetts, (the "Credit Facility"). The Credit Facility
provides for a $3,000,000 revolving line of credit which expires in December
2004. The Credit Facility provides for interest at prime rate (4.75%) plus 1/4%
on outstanding balances. At December 31, 2001 $1,603,419 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.

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, 2001, the Company was not in default of any of its
covenants.

<PAGE>
                        FIRETECTOR INC. AND SUBSIDIARIES

           NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - Continued

                      THREE MONTHS ENDED DECEMBER 31, 2001

                                   (UNAUDITED)


4.  EARNINGS PER SHARE

The Financial Accounting Standards Board issued SFAS No. 128 "Earnings Per
Share" which requires companies to report basic and diluted earnings per share
("EPS") computations. 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.
<TABLE>
<CAPTION>
                                                                        For the Three Months ended December 31,
Basic EPS Computation                                                        2001                     2000
                                                                          ---------              -------------
<S>                                                                       <C>                     <C>
    Net Income (Loss) available to common stockholders                    $(280,595)              $    61,762
    Weighted average outstanding shares                                   1,704,425                 1,704,425

    Basic EPS (Loss)                                                          $(.16)                     $.04
                                                                              ======                    =====

Diluted EPS Computation                                                 For the Three Months ended December 31,
                                                                             2001                     2000
                                                                          ---------              -------------
    Income (Loss) available to common stockholders
         and assumed  conversions                                        $ (280,595)              $    61,762
                                                                          ----------               -----------

    Weighted-average shares                                               1,704,425                 1,704,425
                                                                          ----------               -----------
    Plus:  Incremental shares from assumed conversions
          Employee Stock Options*                                                                       6,024
          Warrants*                                                                                    19,908
                                                                                                   -----------
          Dilutive potential common shares                                   N/A                       25,932
                                                                          ----------               -----------
    Adjusted weighted-average shares                                      1,704,425                 1,730,357
                                                                          ----------               -----------
    Diluted EPS   (Loss)                                                      $(.16)                     $.04
                                                                              ======                    ======
</TABLE>

* All Warrants and Options  were  antidilutive  for the three month period ended
December 31, 2001 and therefore not included in the above calculation.  Warrants
convertible  into 16,667  shares were  antidilutive  for the three month  period
ended December 31, 2000 and therefore not included in the above calculation.


<PAGE>
            Item 2. Management's Discussion and Analysis of Financial
                       Condition and Results of Operations


Liquidity and Capital Resources

The Company has a $3 million  revolving  credit facility with Citizens  Business
Credit  Company of Boston,  (the  "Credit  Facility")  that expires in December,
2004. The Credit Facility had an interest rate of prime plus 3/4% on outstanding
balances.  Effective October 1, 2001 the interest rate was reduced to prime plus
1/4%.  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 assets of its operating  subsidiaries.  The
Company owed $1,603,419 under the Credit Facility at December 31, 2001.

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, 2001,  the Company was not in default with any of its  financial
covenants.

Net cash (used) by  operations  for the three  months  ended  December  31, 2001
amounted  to  $329,124 as  compared  to cash being  provided  by  operations  of
$551,551 for the comparable prior year period. The primary reason for cash being
(used) by  operations  was due to a decrease of $563,357 in income before taxes.
The net cash outflow from operations was funded by net increased borrowing under
the Credit Facility by $294,000.

The ratio of the Company's  current assets to current  liabilities  decreased to
approximately  2.76 to 1 at December 31, 2001  compared to 2.91 to 1 at December
31, 2000.  This  decrease in the current ratio is due to the increase in 2001 of
certain costs payable to subcontractors and a corresponding increase in customer
receivables  related to their projects.  However,  working capital  increased to
$5.6 million at December 31, 2001  compared to $4.9 million at December 31, 2000
as a result of profitable operations since that time.

Results of Operations

Revenues

The Company's  product revenues during the three months ended December 31, 2001,
were  $2,442,339  as compared to $2,883,229  for the prior year period.  Product
revenues decreased 16% in 2001 due to a general slowdown in economic activity in
the Company's  principal  markets,  New York City and Dallas.  In addition,  the
events of September  11th delayed work on several  projects  involving  New York
City Transit  Authority and reduced tenant  revenue as tenants  relocated out of
New York City,  consolidated  into existing  space uptown or moved into space in
"move in" condition that had been abandoned or offered for sublease by "dot-com"
casualties.

Service  revenues  increased during the current three month period to $1,116,392
from  $1,062,864  in the  comparable  prior year period.  The increase  reflects
higher call-in maintenance service material on fire systems as replacement parts
were needed in certain  buildings  effected by contamination  from the events of
September 11th.

<PAGE>

              2. Management's Discussion and Analysis of Financial
                       Condition and Results of Operations
Gross Profit

Gross profit on product  revenues for the three months ended  December 31, 2001,
decreased 47% to $511,780 as compared to $971,203 in the  comparable  prior year
period.  In 2001 gross  profit was 21% of sales  compared  to 34% in 2000.  This
decrease  in gross  profit in the current  three month  period is due to certain
labor cost overruns on several large projects and greater material  component on
projects caused in part by the events of September 11th and from the slowdown in
economic  activity.   In  addition,   certain  fixed  overhead  costs  increased
approximately  $100,000  (10%  decrease in gross  profit  percentage)  from wage
increases and the addition of personnel to support future product revenue goals.
In  contrast,  during the 2000 three month  period,  gross  profit  includes the
revenue benefit from a non-recurring engineering and product management contract
(professional service with no material content).

Gross profit on service  revenues  for the three months ended  December 31, 2001
decreased  10% to $315,187,  in spite of the increase in service  revenues.  The
decline in gross  profit  from  service  was due to certain  wage  increases  to
service  technicians  that could not be passed on to service  contracts and from
higher than normal materials  required for maintaining life safety systems under
service contracts and for call-in maintenance service.

Income Before Tax

The decline in income  before income taxes in 2001 is due to a decrease in gross
margin  from the  decline  in product  revenues  (brought  about by the  general
slowdown  of  economic  activity  and delays on certain  projects  caused by the
events of September 11th) and from higher fixed overhead costs (noted above). In
contrast,  the 2000 period  included the favorable  effect of an engineering and
product management  contract.  Also contributing to the decline in income before
income taxes was an 8% increase in selling,  general and administrative expenses
to support  higher  product sales and expand  product  territory.  This increase
includes additional staffing for the Company's Railcar Communication Group as it
addresses a marketing  opportunity  for future  business  over the next three to
five years.  Favorably affecting income before income taxes was a 43% decline in
interest  expense due to lower  interest  rates during the three month period of
2001.

Tax Provision

The Company's  current income tax benefit  represents  federal,  state and local
income tax savings from the carryback of a portion of the 2001  operating  loss.
Deferred  taxes  represent the net increase in deferred tax assets as it relates
to certain  book  provisions  to be  deducted in future tax returns as well as a
carryforward of a portion of the 2001 operating loss.

Order Position

The Company's order position,  excluding service,  at December 31, 2001 amounted
to $9,065,000 as compared to $7,800,000 at September 30, 2001 and  $7,600,000 at
December  31, 2000.  The increase in order  position  since  September  30, 2001
reflects  new  orders  for  shipment  commencing  later in the  fiscal  year and
includes  $2.2  million of recent  orders  for  communication  and  announcement
systems from several railcar  manufacturers that will be shippable over the next
24 month period.  While quotation  activity is brisk, there is no assurance when
orders will be received and whether the order position will increase. Due to the
fact that the Company's  products are sold and installed by customers as part of
their larger  construction or mass transit projects,  there is typically a delay
between  the booking of the  contract  and its  revenue  realization.  The order
position  includes  and the  Company  continues  to bid on  projects  that might
include  significant  subcontractor  labor,  and expects to be active in seeking
orders where the Company would act as a prime contractor.
<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

                    None

            (b)  Reports on Form 8-K

             No Reports on Form 8-K were filed during the quarter ended December
31, 2001.


<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 (Principal Accounting and
                                          Financial Officer)


Date:  February 13, 2002