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 November 30, 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: 37,287,499 shares of Common
Stock as of January 10,2007

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 November 30, 2006(unaudited)
         and August 31, 2006                                  3

         Statements of Operations for the Three Months
         ended November 30, 2006 and 2005 (unaudited)         5

         Statements of Cash Flows for the
         Three Months ended November 30, 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       11

Item 3.  Controls and Procedures                             12


Part II - OTHER INFORMATION

Item 1.   Legal                                              13

Item 6.  Exhibits                                            13

         Signatures                                          13

         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



                                              November 30, August 31,
                                                  2006         2006
                                              -----------   ----------
                                               (UNAUDITED)

              ASSETS

CURRENT ASSETS:
    Cash                                         $ 2,461      $18,107
    Accounts receivable - trade                   76,952        4,411
    Inventories                                   68,450       67,403
    Prepaid expenses and other current assets      5,617         -
    Receivable-sale of state tax loss             37,976         -
                                               ---------    ----------
    Total Current Assets                         191,456       89,821
                                               ---------    ----------
EQUIPMENT, less accumulated depreciation             691        1,086
                                               ---------    ----------
OTHER ASSETS:
      Security deposits                           37,065       36,714

                                              ----------     ---------
                                               $ 229,212     $127,721
                                              ==========    ==========













See accompanying notes to financial statements
                                 Page 3




NOFIRE TECHNOLOGIES, INC.
BALANCE SHEETS

                                                    November 30,   August 31,
                                                        2006         2006
                                                   -----------    ----------
                                                   (UNAUDITED)

        LIABILITIES AND STOCKHOLDERS' EQUITY
                     (DEFICIENCY)

CURRENT LIABILITIES:
    Settled liabilities                             $  378,031     $  378,031
    Accounts payable and accrued expenses            1,254,333      1,152,412
    Loans and advances payable to
      Stock holders                                    482,037        475,538
    Deferred salaries                                1,963,333      1,875,218
    Loans payable                                      345,386        389,415
    Convertible Debentures 8%                          469,928        469,928
    Convertible Debenture 10%                          165,000        165,000
    Debt discount                                      (60,703)      (120,243)
                                                     ----------      ---------
    Total Current Liabilities                        4,997,345      4,785,299
                                                     ----------      ---------

LONG TERM LIABILITY                                       -             -


STOCKHOLDERS' EQUITY (DEFICIENCY):
    Common stock $.01 par value:
      Authorized - 150,000,000 shares
      issued and outstanding 36,702,579
      shares at November 30, 2006 and
      35,806,621 at August 31, 2006                    367,026        358,066
      Capital in excess of par value                14,045,805     13,923,791
      Accumulated Deficit                          (19,180,963)   (18,939,435)
                                                     ----------     ----------
    Total Stockholders' Equity (Deficiency)         (4,768,133)    (4,657,578)
                                                    ----------     ----------
                                                    $  229,212     $  127,721
                                                     ==========     ==========














See accompanying notes to financial statements


                                  Page 4






                   NOFIRE TECHNOLOGIES, INC.
                   STATEMENTS OF OPERATIONS

                                         For the Three Months
                                          Ended November 30,
                                           2006       2005
                                       ----------   ------
                                             (UNAUDITED)

NET SALES                              $  238,498   $  62,231
                                       ----------   ----------
COSTS AND EXPENSES:
    Cost of sales                         127,518      36,232
    General and administrative            248,972     226,992
                                       ----------   ----------
                                          376,490     263,224
                                       ----------   ---------
LOSS FROM OPERATIONS                     (137,992)   (200,993)
                                       ----------   ----------
OTHER EXPENSES:
    Interest expense including
    $62,224 of equity based interest
    expense for the three months
    ended Novermer 30, 2006               141,412     175,871

                                       ----------   ----------

LOSS BEFORE INCOME TAXES                 (279,404)   (376,864)

DEFERRED INCOME TAX BENEFIT                37,876      35,856
                                       ----------   ----------
NET LOSS                               $ (241,528) $ (341,008)
                                       ==========   ==========

WEIGHTED AVERAGE COMMON SHARES
  OUTSTANDING                          36,583,944   32,198,933
                                       ==========   ==========

BASIC AND DILUTED EARNINGS LOSS
  PER COMMON SHARE                     $   (0.006)   $  (0.009)
                                       ==========   ==========







See accompanying notes to financial statements

                                Page 5



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

                                                  For the Three Months
                                                   Ended November 30,
                                                    2006       2005
                                                 ---------    ---------
                                                      (UNAUDITED)

<S>                                                <C>          <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
   Net loss                                     $ (241,528)   (341,008)
   Adjustments to reconcile net loss to
     net cash flows from operating activities:
        Depreciation and amortization                  395         395
        Amortization of interest expense for
        discount on note payable                    59,540      65,734
        Equities issued for services                10,809         -
        Warrants issued in exchange for loans
        By officer                                              92,875
        Equities issued as interest and beneficial
        conversion features on current and past
        due loans payable                            2,684
        Repricing of warrants                          -       (35,310)
        Changes in operating assets and liabilities

             Inventory                              (1,047)     (8,150)
             Accounts receivable -                 (72,541)     (1,033)
             Prepaid expenses and other             (5,617)    (88,183)
             Receivable for sale of state
               tax loss                            (37,976)        -
             Accounts payable and accrued expenses 101,921     142,809
             Deferred salaries                      88,115     115,569

                                                ----------    ---------
 Net cash flows from operating activities          (95,245)    (56,302)
                                                ----------    ---------

</TABLE>

See accompanying notes to financial statements




Page 6





























NOFIRE TECHNOLOGIES, INC.
STATEMENTS OF CASH FLOWS

<TABLE>
<CAPTION>

                                                For the Three Months
                                                 Ended November 30,
                                                 2006        2005
                                               ---------     ---------
<S>                                             <C>           <C>
                                                    (UNAUDITED)
CASH FLOWS FROM INVESTING ACTIVITIES
   Security deposits                                  (351)    (2,048)
                                                  ----------   --------
Net cash flows from investment activities             (351)    (2,048)
                                                  ----------   ---------

CADH FLOWS FROM FINANCING ACTIVITIES

   Proceeds from issuance of common stock,
     net of related expenses                        117,480       -
   Net proceeds from short term loans                   -      56,335
   Payments on advances from stockholders              -       (9,499)
   Proceeds on advances from stockholders             6,499       -
   Payments on short term loans                     (44,029)      -
                                                 ----------   ----------
Net cash flows from financing activities             79,950     46,836
                                                 ----------   ----------
NET CHANGE IN CASH                                  (15,646)   (11,514)

CASH AT BEGINNING OF PERIOD                          18,107     14,099
                                                ----------    ----------
CASH AT END OF PERIOD
                                                 $    2,461   $  2,585
                                                ==========    ==========


SUPPLEMENTAL CASH FLOW INFORMATION

Interest paid                                  $  19,254     $ 10,101
                                              ==========    ==========






</TABLE>


See accompanying notes to financial statements






Page 7










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

                            November 30, 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, 2006 (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:

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 Policies:

     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.

      Estimates and Uncertainties - The preparation of financial statements in
conformity with generally accepted accounting principles requires management
to make estimates and assumptions that affect the reported amounts of assets
and liabilities and disclosure of contingent assets and liabilities at the
date of the financial statements and the reported amounts of revenues and
expenses during the reporting period. Actual results, as determined at a later
date, could differ from those estimates.

Financial Instruments - Financial instruments include accounts
receivable, other assets, accounts payable, accrued expenses, settled
liabilities and due to stockholders. The amounts reported for financial
instruments are considered to be reasonable approximations of their fair
values. The fair value estimates presented herein were based on market or
other information available to management. The use of different market
assumptions and/or estimation methodologies could have a material effect on
the estimated fair value amounts.


     Equity Based Compensation- The Company adopted the provisions of SFAS
123R on September 1, 2005, under the modified prospective method.


Page 8







NOFIRE TECHNOLOGIES, INC
NOTES TO FINANCIAL STATEMENT
(Unaudited)
November 30, 2006



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

The Company has recorded no compensation expense for stock options and
warrants granted to employees during the three months ended November 30, 2005.
During the quarter ended November 30, 2006 the Company recorded $10,809 in
compensation expense for the issuance of warrants, see note 6.

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 Three Months ended November 30,
                                                2006               2005

Risk free interest rate                          5.25%             4.26%
Expected life
Yrs                                                 5                 10
Dividend rate                                      0.0%              0.0%
Expected volatility                                112%              40.6%


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.

Page 09













NOFIRE TECHNOLOGIES, INC.
                    NOTES TO THE FINANCIAL STATEMENTS
                               (Unaudited)
                             November 30, 2006

NOTE 5 - Convertible Debentures And Other Debt:

 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.

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 and is shown on the balance sheet as
$50,700 as of November 30, 2005. The discount was  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.

NOTE 6- Equity Transactions

Warrants were issued during the quarter as follows:
Name            Issue            Expire        Amount       Exercise Price

Investors       September 06   September2011   $ 90,000      $.20
Individuals(3)  October   06   October  2011     80,000      $.11 to $.20 (A)
Investors (11)  October   06   October  2011    298,661      $.20
Individual      November  06   November 2011     10,000      $.16 (A)
Investors (4)   November  06   November 2011     59,318      $.20

(A) $13,493 was charged to interest expense in conjunction with 3 out of 4 of
these issuances.

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.

During the quarter ended November 30, 2006 900,000 warrants expired.

The Company raised $117,480 through the sale of 895,958 shares of unregistered
common stock and the issuance of 447,979 warrants to purchase common stock at
$.20 per share to accredited investors.




Page 10













NOFIRE TECHNOLOGIES, INC.
                    NOTES TO THE FINANCIAL STATEMENTS
                               (Unaudited)
                             November 30, 2006

NOTE 7- Subsequent  Events

In December 2006 the company received $37,876 in payment on the sale of
the Company's New Jersey Carry Forward Loss for 2005. The proceeds were
used to retire a portion of a loan, which was collaterized by the receivable.

On December 17, 2006 a note payable for $123,800 was extended for an
additional year. The interest rate of 12% remained the same. A late fee of
$12,000 will be paid on February 17,2007.

Warrants were issued in December and January as follows:

Name         Issue            Expire        Amount       Price

Officer   (1) December 06    December 16  1,400,000       $.20   (A)
Investors (10)December 06    December 11    292,460       $.20
Individual(2)  January 07     January 12    300,000       $.20
Employees (5) January  07    January  12    660,000       $.20

(A) In December 2006 the Company issued 1,400,000 warrants to an officer of
the Company. The warrants are convertible into the Company's common stock at
$.20 per share and expire in ten years. These warrants were issued in
recognition of the substantial loans made to the Company. The Company will
record $139,908 as interest expense in conjunction with this issuance.

The warrants vested immediately.

For the period December 1, 2006 through December 20, 2006, the Company sold
307,891 shares of unregistered common stock and warrants for $52,758.

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 governmenta

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 decision 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.
Page 11
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 THREE MONTHS ENDED NOVEMBER 30, 2006 AND NOVEMBER 30, 2005

Sales of $238,498 for the three months ended November 30, 2006 represented an
increase of 283% from the $62,231 for the comparable three-month period of
the prior year. Cost of goods sold during the same period increased from
$36,232 to $127,518 resulting in a gross profit of $110,880 compared to
$25,999 in the prior year.  Selling, general and administrative expenses for
the three months ended November 30, 2006 were $248,972, representing a
increase of $21,980 or 8.8% from the $226,992 of the similar period of the
prior year.


During the quarters ended November 30, 2006 and 2005 the Company realized
approximately $37,876 and $35,856, respectively, through the sale of a
portion of its New Jersey Net Operating Loss Carry Forward under a program
sponsored by that state.

LIQUIDITY AND CAPITAL RESOURCES
At November 30, 2006 the Company had cash a balance of $ 2,461.

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

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 and is shown on the balance sheet as
$50,700 as of November 30, 2005. The discount was 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.

During the quarter the Company raised $117,480 through the sale of 895,958
shares of unregistered common stock and the issuance of 447,979 warrants to
purchase common stock at $.20 per share to accredited investors.

The Company has deferred payment of $378,031 of the installments of the
Chapter 11 liability to unsecured creditors that were 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
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
Page 12


on that evaluation, our Chief Executive Officer and Chief Financial Officer
concluded that our disclosure controls and procedures are effective in
ensuringthat 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

During the quarter ended November 30, 2006 the Company sold to accredited
investors  895,958 shares of the Company s common stock for $117,480. In
conjunction the Company issued five-year warrants to purchase 447,979 shares
of the Company s common stock at an exercise price of $.20 per share.

Date       Title     Number    Cash Price
 9/06     common     180,000       $.14
10/06     common     361,557       $.10
10/06     common      99,999       $.11
10/06     common     135,776       $.17
11/06     common     118,636       $.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
Page 13
SIGNATURES
In accordance with the requirements of the 1934 Act, the registrant
caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.

Dated: January  16, 2007                NoFire Technologies, Inc.

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

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










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