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___________March 31, 2002_______________________


[   ]  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                   (IRS employer identification Number)
incorporation 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 May 11, 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.

   Condensed Consolidated Balance Sheet as at March 31, 2002                3

   Condensed Consolidated Statements of Operations for the Three Month
        Periods Ended March 31, 2002 and 2001                               5

   ondensed Consolidated Statements of Operations for the Six Month
        Periods Ended March 31, 2002 and 2001                               6

   Condensed Consolidated Statements of Cash Flows for the Six Month
        Periods Ended March 31, 2002 and 2001                               7

   Notes to Condensed Consolidated Financial Statements                     8

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

Part II - Other Information

   Item 1.  Legal Proceedings.                                             13

   Item 2.  Changes in Securities.                                         13

   Item 3.  Defaults Upon Senior Securities.                               13

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

   Item 5.  Other Information.                                             13

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

   Signatures                                                              15
<PAGE>
                         Part I - FINANCIAL INFORMATION

                        FIRETECTOR INC. AND SUBSIDIARIES

                      CONDENSED CONSOLIDATED BALANCE SHEET
                                   (Unaudited)



                                                                      March 31,
                                                                        2002
                                                                    ------------
ASSETS

CURRENT ASSETS
  Cash and cash equivalents                                             224,328
  Accounts receivable, principally trade, less allowance
     for doubtful accounts of $335,783                                5,234,460
  Inventories                                                         2,541,762
  Deferred taxes                                                        321,000
  Prepaid expenses and other current assets                             601,018
                                                                   -------------
  TOTAL CURRENT ASSETS                                                8,922,568



PROPERTY AND EQUIPMENT -at cost, less
  accumulated depreciation and amortization
  of $1,187,070                                                         343,700

OTHER ASSETS                                                            165,764

DEFERRED TAXES                                                           65,000

                                                                   -------------
  TOTAL ASSETS                                                        9,497,032
                                                                   =============

See accompanying Notes to the Condensed Consolidated Financial Statements
<PAGE>
                        FIRETECTOR INC. AND SUBSIDIARIES

                      CONDENSED CONSOLIDATED BALANCE SHEET
                                   (Unaudited)

                                                                      March 31,
                                                                        2002
                                                                   -------------
LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES

   Other notes payable - principally to related party                    88,224
   Accounts payable and accrued expenses                              2,734,059
   Deferred revenue                                                     499,554
   Current portion of capital lease obligations                          23,117
                                                                   -------------
  TOTAL CURRENT LIABILITIES                                           3,344,954



   Note payable to bank                                               1,647,381
   Notes payable - principally to related party, less
    current portion                                                      67,398
   Capital lease obligations, less current portion                       55,319
                                                                   -------------
  TOTAL LIABILITIES                                                   5,115,052
                                                                   -------------
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                                                  (898,214)
                                                                   -------------
TOTAL STOCKHOLDERS' EQUITY                                            4,381,980
                                                                   -------------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                            9,497,032
                                                                   =============

See accompanying Notes to the Condensed Consolidated Financial Statements
<PAGE>


                        FIRETECTOR INC. AND SUBSIDIARIES

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

                                                                    For the Six Months Ended March 31,
                                                                     2002                   2001
                                                                  -----------          -------------
<S>                                                                <C>                   <C>
Product sales                                                      4,283,034             6,036,190
Subcontract sales                                                    635,402               382,586
Service revenue                                                    2,269,132             2,161,201
                                                                 ------------          ------------
Total revenues                                                     7,187,568             8,579,977
                                                                 ------------          ------------

Cost of product sales                                              3,023,742             3,996,437
Cost of subcontract sales                                            518,391               302,391
Cost of service                                                    1,626,247             1,467,763
Selling, general and administrative                                2,553,875             2,424,294
Interest expense                                                      48,888                84,767
Depreciation and amortization expense                                 87,012                88,549
                                                                 ------------          ------------
                                                                   7,858,155             8,364,201
                                                                 ------------          ------------
(Loss) Income from  operations before
  (benefit from) provision for income taxes                         (670,587)              215,776

(Benefit from) Provision  for income taxes:
   Current                                                          (195,000)              120,000
   Deferred                                                          (75,000)              (26,000)
                                                                 ------------           -----------
                                                                    (270,000)               94,000

                                                                 -------------          ------------
Net (Loss) Income                                                   (400,587)              121,776
                                                                 =============          ============
Earnings Per Common Share
  Basic (Loss) Earnings Per Share                                      $(.24)                 $.07

  Diluted  (Loss) Earnings Per Share                                   $(.24)                 $.07
                                                                       =====                 =====

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             1,776,389
</TABLE>

See accompanying Notes to the Condensed Consolidated Financial Statements
<PAGE>
                        FIRETECTOR INC. AND SUBSIDIARIES

                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (Unaudited)
<TABLE>
<CAPTION>
                                                                                     For the  Three Months Ended
                                                                                              March  31,
                                                                                       2002                  2001
                                                                                   -----------           -----------
<S>                                                                                 <C>                   <C>
Product sales                                                                       2,095,118             3,373,631
Subcontract sales                                                                     400,979               161,916
Service revenue                                                                     1,152,740             1,098,337
                                                                                   -----------           -----------
Total revenues                                                                      3,648,837             4,633,884
                                                                                   -----------           -----------


Cost of product sales                                                               1,299,996             2,252,376
Cost of subcontract sales                                                             331,578               134,426
Cost of service                                                                       825,042               753,685
Selling, general and administrative                                                 1,321,101             1,280,368
Interest expense                                                                       25,970                43,872
Depreciation and amortization expense                                                  44,142                45,143

                                                                                   -----------           -----------
                                                                                    3,847,829             4,509,870
                                                                                   -----------           -----------
(Loss) Income from operations before (benefit from) provision
  for income taxes                                                                   (198,992)              124,014

(Benefit from) provision  for income taxes:
   Current                                                                            (51,000)               76,000
   Deferred                                                                           (28,000)              (12,000)
                                                                                   ------------          -----------
                                                                                      (79,000)               64,000

                                                                                   ------------          -----------
Net (Loss) Income                                                                    (119,992)               60,014
                                                                                   ============          ===========
Earnings per common share
  Basic (loss) earnings  per share                                                      $(.07)                 $.04
                                                                                        =====                 =====
  Diluted (loss) earnings per share                                                     $(.07)                 $.03
                                                                                        =====                 =====

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             1,813,727
</TABLE>

See accompanying Notes to the Condensed Consolidated Financial Statements
<PAGE>

                  FIRETECTOR INC. AND SUBSIDIARIES

           CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                             (Unaudited)

<TABLE>
<CAPTION>
                                                                                   For the Six Months Ended March 31,
                                                                                       2002                   2001
                                                                                    -------------------------------------
<S>                                                                                <C>                    <C>
OPERATING ACTIVITIES
Net (loss) income                                                                    (400,587)              121,776
 Adjustments to reconcile net (loss) income to net cash
     (used in) provided by operating activities:
  Depreciation and amortization                                                        87,012                88,549
  Deferred tax benefit                                                                (75,000)              (26,000)
  Provision for doubtful accounts                                                       7,898                17,000
  Changes in operating assets and liabilities:
  Accounts receivable                                                               1,214,905             1,254,440
  Inventories, prepaid expenses and other current assets                             (613,697)             (429,203)
  Other assets                                                                         (7,492)              (16,207)
  Accounts payable and accrued expenses                                              (572,126)             (644,944)
  Deferred revenue                                                                     45,655                22,071
                                                                                   -----------           -----------
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES                                  (313,432)              387,482
                                                                                   -----------           -----------
INVESTING ACTIVITIES
  Purchases of property and equipment                                                 (36,479)             (130,437)
                                                                                   ------------          -----------
NET CASH (USED IN) INVESTING ACTIVITIES                                               (36,479)             (130,437)
                                                                                   ------------          -----------
FINANCING ACTIVITIES

  Principal payments on revolving line of credit, long-term
    debt, notes payable and capital lease obligations                                 (92,620)             (104,013)
  Proceeds from revolving line of credit, notes payable
    and capital lease obligations                                                     368,439                21,463
  Notes payable to affiliated companies                                                     0              (250,017)
                                                                                   ------------          -----------
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES                                   275,819              (332,567)
                                                                                   ------------          -----------

NET (DECREASE) IN CASH AND CASH EQUIVALENTS                                           (74,092)              (75,522)

Cash and cash equivalents at beginning of period                                      298,420               238,678
                                                                                   ------------          -----------
Cash and cash equivalents at end of period                                            224,328               163,156
                                                                                   ===========           ==========
SUPPLEMENTAL CASH FLOW INFORMATION:

Cash paid during the period for:
     Income taxes                                                                     150,154               375,109
     Interest                                                                          48,887                77,946
</TABLE>

SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES:

During the six months  ended  March 31, 2002 and 2001,  the Company  incurred no
capital lease obilgations for the acquisition of equipment.

See accompanying Notes to the Condensed Consolidated Financial Statements



<PAGE>

                        FIRETECTOR INC. AND SUBSIDIARIES

            NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

                         SIX MONTHS ENDED MARCH 31, 2002

                                   (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 and six months ended March
31, 2002 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 Subsidiaries' annual report on Form 10-KSB for the year
ended September 30, 2001.

2.  REVENUE RECOGNITION

Product  revenues  include  sale of systems,  which are similar in nature,  that
involve fire alarm, life safety and security (CCTV and card access), transit (on
board  systems)  and  communication  (paging,  announcement  and  audio/visual).
Product sales represent sales of product along with the integration of technical
services at a fixed price under a contract with an electrical  contractor or end
user customer (building owner or tenant), or customer agent.  Product revenue is
allocated using a constant gross profit percentage over the entire contract, and
recognized, using the percentage-of-completion method of accounting. The Company
utilizes a units-of-work performed method to measure progress towards completion
of the contract.  The effects of changes in contract  terms are reflected in the
accounting period in which they become known. Contract terms provide for billing
schedules  that  differ  from  revenue  recognition  and give  rise to costs and
estimated  profits  in  excess  billings,  and  billings  in excess of costs and
estimated profits.

Subcontract  revenues  principally  represents  revenues  related to  electrical
installation  of wiring and piping  performed by others for the Company when the
Company  acts  as the  prime  contractor  and  sells  its  products  along  with
electrical  installation.  Subcontract  revenue  is also  recognized  during the
entire  project  using  the  percentage-of-completion  method of  accounting  as
electrical installation is performed at the job site.

Service  revenue  from  separate  maintenance   contracts  is  recognized  on  a
straight-line  basis  over  the  terms  of the  respective  contract,  which  is
generally one year. Non-contract service revenue is recognized when services are
performed.

3. INVENTORY

Inventories are priced at the lower of cost (first-in, first-out) or market and
consist primarily of raw materials.







                        FIRETECTOR INC. AND SUBSIDIARIES

      NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - Continued

                         SIX MONTHS ENDED MARCH 31, 2002

                                   (UNAUDITED)



4. LONG TERM DEBT

The  Company has a revolving  Credit  Facility  with  Citizens  Business  Credit
Company of Boston, Massachussetts,  (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% at March
31, 2002) plus 1/4% on outstanding  balances.  At March 31, 2002  $1,647,381 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.  Citizens Business Credit Company of Boston has modified the requirement
of one of the ratios for the  balance of fiscal  2002.  At March 31,  2002,  the
Company  was  not in  default  of  any of its  covenants  as a  result  of  this
modification.







                        FIRETECTOR INC. AND SUBSIDIARIES

      NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - Continued

                         SIX MONTHS ENDED MARCH 31, 2002

                                   (UNAUDITED)


5.  EARNINGS (LOSS) PER SHARE

The  Financial  Accounting  Standards  Board issued SFAS No. 128  "Earnings  Per
Shares" which requires  companies to report basic and diluted earnings per share
("EPS")  computations.   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 and warrants.
<TABLE>
<CAPTION>

                                              Three Months ended March 31,             Six Months ended March 31,
                                             -----------------------------            ---------------------------
Basic EPS Computation                          2002                 2001                 2002              2001
                                             ----------         -----------           ----------        ----------
<S>                                          <C>                 <C>                  <C>                <C>
  Net (Loss) Income available to common
       stockholders                          $(119,992)           $ 60,014            $(400,587)          $121,776
Weighted average outstanding shares          1,704,425           1,704,425            1,704,425          1,704,425
  Basic EPS (Loss)                               $(.07)               $.04                $(.24)              $.07
                                                ======               ======               ======              ====



Diluted EPS Computation                       Three Months ended March 31,             Six Months ended March 31,
                                            ----------------------------              ----------------------------
                                               2002                 2001                 2002              2001
                                             ----------          ---------            ----------         ---------
  Net (Loss) Income available to common
       stockholders                          $(119,992)           $ 60,014            $(400,587)          $121,776
                                             ==========           ========            ==========          ========

Weighted-average shares                      1,704,425           1,704,425            1,704,425          1,704,425
                                             ---------            ---------           ----------         ---------
   Plus:  Incremental shares from
               assumed conversions

          Employee Stock Options                                    26,784                                  16,964
          Warrants*                                                 82,518                                  55,000
                                                                    ------                                  ------
    Dilutive potential common shares            N/A                109,302                  N/A             71,964
                                               ---                 -------                  ---             ------
    Adjusted weighted-average shares         1,704,425           1,813,727            1,704,425          1,776,389
                                             ---------           ---------            ---------           ---------

    Diluted EPS (Loss)                         $(.07)               $.03                $(.24)               $.07
                                               ======               ====                ======               ====
</TABLE>


All Warrants and Options  were  antidilutive  for the three and six month period
ended  March 31,  2002 and  therefore  not  included  in the above  calculation.
Warrants  convertible into 16,667 shares,  which were  antidilutive in the three
and six month  period  ended March 31, 2001 and  therefore  not  included in the
above calculation.



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

Liquidity and Capital Resources

The Company has a $3 million  credit  facility  with  Citizens  Business  Credit
Company of Boston,  (the "Credit Facility") that expires in December,  2004. The
Credit Facility has an interest rate of prime plus 1/4% on outstanding balances.
Advances  under the  Credit  Facility  are  measured  against a  borrowing  base
calculated on eligible receivables and inventory. The Credit Facility is secured
by all assets of the Company and all of its operating subsidiaries.  The Company
owed $1,647,381 under the Credit Facility at March 31, 2002.

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.
Citizens  Business Credit has modified the  requirements for one of these ratios
for the  balance of fiscal  2002.  At March 31,  2002,  the  Company  was not in
default with any of its financial covenants as a result of this modification.

Net cash (used) by  operations  for the six months ended March 31, 2002 amounted
to $313,432 as compared to cash being provided by operations of $387,482 for the
comparable  prior year  period.  The  primary  reason  for cash being  (used) by
operations  was due to a decrease of $886,363 in operating  profit before taxes.
Contributing  to cash being (used) by operations  for the six months ended March
31, 2002 was a $250,968 increase in inventories  caused by purchases for certain
projects that do not call for immediate shipment. The resulting cash outflow for
the six month  period in 2002  required  the Company to increase  its  borrowing
under the Credit Facility by $337,710.

The ratio of the Company's  current assets to current  liabilities  decreased to
approximately  2.67 to 1 at March 31,  2002  compared  to 3.01 to 1 at March 31,
2001.  This  decrease  in the  current  ratio is due to a $57,000  reduction  in
working capital,  which was caused by the need to fund the operating loss during
the six months ended March 31, 2002.

Results of Operations

Revenues and Gross Profit
<TABLE>
<CAPTION>

                                       Three Months Ended                 Six Months Ended
                                       ------------------                 -----------------
                                           March 31,                          March 31,
                                          ---------                          ---------
                                       2002        2001                  2002        2001
                                       ----        ----                  ----        ----
                                              (In thousands of dollars)

    <S>                              <C>          <C>                  <C>          <C>
    Product Revenue                  $2,095       $3,374               $4,284       $6,037
    Subcontract Revenue                 401          162                  635          382
    Service Revenue                   1,153        1,098                2,269        2,161
    Total Revenue                     3,649        4,634                7,188        8,580

    Gross Profit Product                795        1,122                1,259        2,040
    Gross Profit Subcontract             69           27                  117           80
    Gross Profit Service                328          345                  643          693
    Total Gross Profit                1,192        1,494                2,019        2,813

    Gross Profit Product %               38%          33%                 29%           34%
    Gross Profit Subcontract %           17%          17%                 18%           21%

    Gross Profit Service %              28%           31%                 28%           32%
</TABLE>
<PAGE>

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


Revenues

The Company's  product  revenues during the three and six months ended March 31,
2002 decreased from the comparable prior year periods, representing decreases of
38% and 29% for the  respective  periods.  These  decreases in product  revenues
resulted from 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.

Subcontract  revenue increased during the current three and six month periods as
the Company was  responsible  for electrical  installation on several large fire
alarm projects in 2002.

Service revenues  increased during the current three and six month periods.  The
increase reflects higher call-in maintenance service material on fire systems as
replacement  parts were needed in certain  buildings  affected by  contamination
from the events of September 11th.

Gross Profit

Gross profit on product revenues for the three months and six months ended March
31, 2002,  decreased  29% and 38% for the  respective  prior year  periods.  The
decrease in absolute  gross profit  during both periods is primarily  related to
lower sales (noted  above) and related gross margin caused in part by the events
of  September  11th and from the  slowdown in economic  activity.  However,  the
increase  in gross  profit  percentage  during the current  three  month  period
reflects a lower material  component on project activity during the period.  The
decrease in gross  profit  percentage  in the current six month period is due to
certain  labor cost  overruns on several  large  projects  and greater  material
component on products  sold.  In addition,  during the six month period of 2002,
certain fixed overhead costs  increased  approximately  $100,000 (2% decrease in
gross profit percentage)  principally from wage increases.  In contrast,  during
the 2001 six 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 related to subcontract  revenues for the three and six months ended
March 31, 2002  increased in absolute terms as the Company was  responsible  for
electrical  installation on two large fire alarm projects in 2002. However,  the
gross profit  percentage was lower during 2002 as one project was contracted for
sale at a lower than normal mark up.

Gross profit on service revenues for the three and six months ended March 31,
2002 decreased 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.

Income Before Tax

The decline in income  before income taxes during the three and six months ended
March 31, 2002 in 2001 is primarily  due to a decrease in gross margin caused by
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 six month period of 2001 included the favorable effect


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


of an engineering  and product  management  contract.  Also  contributing to the
decline in income before income taxes was an increase (3% during the three month
period  and  5%  during  the  six  month   period)  in   selling,   general  and
administrative  expenses  to support  higher  product  sales and expand  product
territory.  This increase includes  additional staffing to service the Company's
railcar  communication  customers  as it addresses a marketing  opportunity  for
future business over the next several years.  Favorably  affecting income before
income  taxes  were  declines  in  interest  expense  (43% and 42%) due to lower
interest rates for the three and six months ending March 31, 2002, respectively.


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 2002  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 2002 operating loss.

Order Position

The Company's order position,  excluding service,  at March 31, 2002 amounted to
$13,300,000  as  compared to  $9,500,000  at March 31,  2001 and  $7,800,000  at
September 30, 2001.  The increase in order  position  reflects  large new orders
received for several subway complexes.  The order position includes $2.2 million
of recent orders for communication and announcement systems from several transit
car  manufacturers  that will be shippable over the next 36 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 as part of larger  construction  on mass transit
projects, there is typically a delay between the booking of the contract and its
revenue realization.  The Company expects to fulfill the majority of its backlog
(exclusive of orders for transit cars) over the next twelve to eighteen  months.
The order position  includes,  and the Company continues to bid on projects that
might include significant subcontractor labor, involving electrical installation
by others at low margin but  setting a platform  for future  product  additions,
tenant installations and service revenues.

                           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)  Exhibit 10. Third Amendment to Credit  Agreement,  dated as of May 14,
          2002,  among Firetector  Inc.,  General Sound (Texas)  Company,  Casey
          Systems Inc. and Pyrotech  Service Inc. as  co-borrowers  and Citizens
          Business Credit Company as lender.

     (b)  Reports on Form 8-K

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



                                   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
                              (Principal Accounting and
                              Financial Officer), Secretary
                              and Director
Date:  May 14, 2002