UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                   FORM 10-QSB

      (Mark One)

       X  QUARTERLY REPORT UNDER SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE
      --- ACT OF 1934


      For the quarterly period ended       March 31, 2000

           TRANSITION REPORT UNDER SECTION 13 or 15(d) OF THE EXCHANGE ACT

      For the transition period from __________ to _____________

      Commission file number      000-13337

                             Buy It Cheap.com, Inc.
        (Exact name of small business issuer as specified in its charter)

         Delaware                                           22-2497491
(State or other jurisdiction of                           (IRS Employer
 incorporation or organization)                         Identification No.)

                    1800 Bloomsbury Avenue, Ocean, NJ 07712
                    (Address of principal executive offices)


                                  732-922-3609
                           (Issuer's telephone number)

                      Northeast (USA) Corp. (name change only)
              (Former name, former address and former fiscal year,
                          if changed since last report)

          Check whether the registrant  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 a court.

               Yes ___                               No ___


                     APPLICABLE ONLY TO CORPORATE ISSUERS

          State the number of shares outstanding of each of the issuer's classes
of common equity, as of the latest practicable date:  8,590,802 shares of Common
Stock, $.001 par value per share, at April 21, 2000.

Transitional Small Business Disclosure Format (check one):  Yes ___      No  X

<PAGE>



                         PART I - FINANCIAL INFORMATION



Item 1.   Financial Statements of Buy It Cheap.com, Inc. (unaudited)


          Balance Sheet as of March 31, 2000 and June 30, 1999

          Statements of Loss for the three and nine  months  ended  March 31,
          1999 and 2000

          Statements  of Cash Flows for the nine months ended March 31, 2000

          Notes to Financial Statements



<PAGE>

<TABLE>
<CAPTION>

                             BUY IT CHEAP.COM, INC.
                         (A Development Stage Company)
                                 Balance Sheets



                                                          As of
                                       March 31, 2000            June 30, 1999

      Assets

Current assets:
<S>                                          <C>                      <C>
 Cash                                        69,668                   1,031
 Other current assets                        29,790                     --
                                            -------                   ------
    Total current assets                     99,458                   1,031
                                            -------                   ------

Investment in and net advances to
  joint venture                             620,535                 620,535
Reserve against investment in and
  net advances to joint venture            (620,535)               (620,535)
Computer equipment                            3,515                    --
Investment in website                        28,640                    --
Goodwill                                    179,377                    --
                                          ---------                 -------
  Total assets                            $ 310,990                $  1,031
                                          =========                 ========
    Liabilities and Equity

Current liabilities:
   Accounts payable                        155,175                  184,627
   Due to officers and directors             5,559                    5,559
                                           --------                 --------
  Total current liabilities                160,734                  190,186
                                           --------                 --------
  Convertible Note Payable                  16,198                    --
                                           --------                 --------
  Total liabilities                        176,932                  190,186
                                           --------                 --------
Stockholders' equity:
   Preferred stock - Series C, $.001 par        10                       10
     Authorized - 2,000,000 shares
     Issued and outstanding -
     10,000 shares
   Common stock - $.001 par                  8,591                    7,158
     Authorized - 20,000,000 shares
     Issued and Outstanding - 8,590,802
   Common Stock Subscribed                  75,000                    --
   Paid in capital                       2,857,206                2,566,856
   Treasury stock                         (751,100)                (751,100)
   Deficit, including $(43,570)
     deficit accumulated
     during the development
     stage                              (2,055,649)              (2,012,079)
                                        -----------               -----------
     Total stockholders' equity            134,058                 (189,155)
                                        -----------               -----------
         Total Liabilities and Equity   $  310,990               $    1,031
                                        ===========               ===========

</TABLE>


<PAGE>

<TABLE>
<CAPTION>

                              BUY IT CHEAP.COM, INC.
                          (A Development Stage Company)
                               Statements of Loss


                                                 For the three months ended      For the nine months ended
                                                        March 31,                         March 31,

                                                   2000             1999         2000             1999

<S>                                              <C>               <C>          <C>               <C>
Sales Revenues                                    $ --             $ --         $ --             $   --
                                                 --------          --------     ------           -------

For the three months ended
                                                 --------          --------     ------           -------
Direct operating costs                            3,600              --          3,600               --
General and administrative expenses (1)           8,282              --         39,970               --

     Net loss before discontinued operations    (11,882)             --        (43,570)              --
                                               ----------          ---------    --------         --------
Net loss from discontinued operations              --                (162)        --                (483)

      Net loss                                $ (11,882)          $  (162)    $(43,570)             (483)
                                               =========          ========    =========         =========

Net loss per share                            $   --              $    --     $   (.01)           $  --

                                               =========           ========    =========         =========
</TABLE>


<PAGE>

<TABLE>
<CAPTION>

                                        BUY IT CHEAP.COM,INC.
                                      Statements of Cash Flows


                                                  For the nine months ended March 31,

                                                    2000                         1999

<S>                                               <C>                           <C>
Cash flows from operating activities:
   Net loss                                         43,570                       (483)

   Adjustments to reconcile net loss to
       net cash used by operating activities:
       Changes in assets and liabilities
       Accounts payable                              9,322                        --
       Other                                       ( 1,000)                       --
                                                  ---------                ----------
       Net cash used by operating activities        35,248                      (483)

                                                  ---------                ----------
Cash flows from investing activities:
   Collection of notes receivable                   35,000                       --
   Investment in website                           ( 2,600)                      --
   Investment in computer equipment                 (3,515)                      --
                                                   ---------                ----------
                                                    28,885                       --
                                                  ---------                ----------
Cash flows from financing activities:
  Sale of Common Stock                              75,000                       --
                                                  --------
Net increase (decrease) in cash                     68,637                      (483)
Cash at beginning of period                          1,031                     1,102
                                                  --------                 ----------
Cash at end of period                             $ 69,668                  $    619
                                                  ========                  =========

      Supplemental Schedule of Non-Cash Investing and Financing Activities

Nets assets purchased for common
  stock in acquisition                           $102,510
Website costs financed by accounts payable          6,790
Reduction in accounts payable by issuance
  of common stock and convertible note             26,090
                                                   ------
     Total Non-Cash Investing
       and Financing Activities                  $135,390
                                                  =======
</TABLE>


<PAGE>


                             Buy It Cheap.com, Inc.
                          (A Development Stage Company)
                          Notes to Financial Statements

Financial Statements

The Balance  Sheets,  Statements of Loss,  and  Statements of Cash Flows for all
periods  reported  herein have been  prepared by Buy It  Cheap.com,  Inc.,  (the
"Company"), without audit. The financial statements reflect all adjustments of a
normal recurring nature, which are, in the opinion of management, necessary to a
fair statement of the results for the interim periods presented.

Nature of Business

The Company is a Delaware  corporation.  The  Company  has had limited  business
operations for the past 33 months.  Its current business plan includes  Internet
retailing.  All  operations  prior to June 30,  1999  have  been  classified  as
discontinued.


Summary of Significant Accounting Policies

Basis of Presentation

The Company's financial statements have been presented on the basis that it is a
going concern, which contemplates the realization of assets and the satisfaction
of liabilities in the normal course of business. The Company has incurred losses
and has no current source of revenues or funds and has a working capital deficit
as of March 31, 2000. In addition,  the Company,  as a result of its acquisition
of Buy It Cheap.com, Inc. (a development stage company, See Note on Acquisition)
will require additional funds to finance the combined operations.  The Company's
continued  existence is dependent upon its ability to secure adequate financing.
The  Company  plans to raise  capital  for the  combined  entity in the  future;
however,  there  are no  assurances  that  such  plan  will be  successful.  The
financial  statements do not include any adjustments  that might result from the
outcome of these uncertainties.

Joint  Venture

The Company, in 1992 formed a joint venture agreement with the Northeast General
Pharmaceutical  Factory ("NEGPF") a government-owned  pharmaceutical  concern in
Shenyang,  China, whereby both companies  established a joint venture company in
China. Each of the Company and NEGPF were to have contributed  certain assets to
the joint venture.  The Company was to have contributed $2.1 million in cash and
$1.15 million in technology for a total capital  contribution  of $3.25 million.
NEGPF was to have  contributed  $750,000 in cash and a land-use  right valued at
$1.75 million for a total contribution of $2.5 million. Based upon the amount of
contribution,  the  Company  owned  56.52% of the joint  venture and NEGPF owned
43.48%.  To  date,  the  Company  has  contributed  $1  million  of cash and has
contributed the technology.  NEGPF has contributed  $750,000 of cash but has not
contributed  the land-use  right.  The joint  venture had only limited  start-up
operations and operations  effectively based in 1997 due to lack of funding. The
Company has  communicated  with NEGPF that it no longer has any  interest in the
joint venture.  As such the Company has reserved $620,535 against the investment
in and net advances to the joint venture.


<PAGE>

Net Loss Per Common Share

The weighted  average number of common shares  outstanding used in computing net
loss per  common  share was 7,158,407  for all  1999  periods  included  herein,
8,558,407  for the three month period ended March 31, 2000 and 7,952,156 for the
nine month period ended March 31, 2000.  The weighted  average  number of common
shares  used in  computing  the net loss per common  share does not  include any
shares issuable upon the assumed  conversion of the preferred stock (see Note on
Preferred  Stock),  since the effect  would be anti-dilutive.

Income  Taxes

Income taxes are provided  for the tax effects of  transactions  reported in the
financial  statements  and consist of taxes  currently due plus  deferred  taxes
related primarily to differences between the basis of assets and liabilities for
financial  and income tax  reporting.  The deferred  tax assets and  liabilities
represent the future tax return  consequences of those  differences,  which will
either be taxable or deductible  when the assets or liabilities are recovered or
settled.  Deferred  taxes also are  recognized  for  operating  losses  that are
available to offset future federal and state income taxes. As of the last fiscal
year ended June 30, 1999, the Company had a net operating loss  carryforward  of
$423,678 which expires in years through 2019.

Use of Estimates

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 could differ from those estimates.

Preferred Stock

In May 1994,  the Company sold 275,000 shares of its newly  designated  Series C
convertible  preferred  stock,  $.001  par  value,  for an  aggregate  amount of
$825,000  to a group of  private  investors.  Except for  $10,000  (representing
30,000 shares) of the preferred stock, all had been converted according to their
terms  prior to July 1, 1998.  The  Company has the right to redeem the share at
$4.50 per  share.  The  shares  carry a stated  dividend  rate of 8% per  annum.
Dividends are cumulative and are payable quarterly.  No cash dividends have ever
been paid. Some former  preferred  shareholders  (prior to or simultaneous  with
their  conversion)  have accepted  shares of the Company's stock in lieu of cash
dividends.  Those that did not accept  shares of stock for  dividends  and those
that did not  covert  their  preferred  shares are owed a total of  $107,000  of
dividend arrearages at March 31, 2000.

Convertible Note Payable

During the current  quarter,  the Company  entered into an agreement with one of
its creditors  whereby the amount of the creditor's  claim ($32,395) was settled
through the issuance of 32,395 of the Company's common shares and a non-interest
bearing  convertible note for $16,198.  The note is due on December 31, 2001 and
is  convertible  into 32,395 shares of the Company's  common stock prior to that
date.

Stock Option Plan

On February 16, 2000, the Company's Board of Directors  approved the adoption of
a stock  option  plan and granted  options for the  purchase of 1 million of the
Company's shares at an exercise price of $1.3125 per share (fair market value at
date  of  grant).  The  adoption  of the  plan  must  be  approved  by a vote of
stockholders,  and such action by the Board in relation to the stock option plan
is contingent upon such stockholder approval.

Acquisition

On August 5, 1999,  the Company's  Board of Directors  duly adopted a resolution
approving  the  acquisition  of Buy It  Cheap.com,  Inc.  (a  development  stage
company,  "BUY").  Approval of the merger by the Company's  shareholders was not
required. The directors and shareholders of BUY approved the merger on September
16, 1999.  BUY was a start-up  company formed by two directors of the Company to
operate a discount Internet retailing business.  Based upon the final pre-merger
asset value of BUY, BUY stockholders  received 1,400,000 shares of the Company's
common stock in  accordance  with the terms of the Agreement and Plan of Merger,
dated  October 27,  1999,  by and  between  the Company and BUY.  The merger was
consumatted  on October 27, 1999 and became  effective on November 3, 1999.  The
Company recorded the acquisition at a purchase price of  approximately  $282,000
(the  market  value of the  Company's  common  stock at the date of the  Board's
approval of the acquisition)  and recorded  goodwill from the transaction in the
amount of $179,377.

<PAGE>

Item 2.  Management's Discussion and Analysis or Plan of Operation


Buy It Cheap.com,  Inc. (the  "Company") has had virtually no operations  during
its past two fiscal years,  ended June 30, 1998 and 1999. The minimal operations
during these  periods have all been  classified  as  discontinued  for financial
statement  purposes.  During  the  latter  part of the  1999  fiscal  year,  the
Company's management made the decision to enter the Internet retailing business.
The Company  believed  that it could raise some seed  investment  capital by the
formation of a start-up  Internet  retailing company that would later merge into
the Company. An officer and director and a director of the Company formed Buy It
Cheap.com,  Inc., a Delaware corporation ("BUY") for the purpose of raising seed
capital and starting an Internet retailing  business,  then merging BUY into the
Company.  On August 5, 1999, the Company's Board of Directors  approved a merger
with BUY. The  approval of the  Company's  shareholders  was not  required.  The
directors and shareholders of BUY approved the merger on September 16, 1999. The
merger was  consummated  on October 27, 1999 and  effective on November 3, 1999.
Pursuant to the terms of the merger,  the Company issued 1,400,000 shares of its
common  stock in exchange for all of the issued and  outstanding  shares of BUY.
The Company has filed an  amendment  to  its  Certificate  of  Incorporation  to
change its name to Buy It Cheap.com, Inc.

The  Company  has  expended  approximately  $60,000  in funds  necessary  to (1)
recommence  filing its required  periodic reports under the Securities  Exchange
Act of 1934,  as  amended,  (2)  reinstate  its  corporate  charter and pay back
franchise taxes in Delaware,  (3) file federal and state tax returns up to date,
(4) reinstate  its stock  transfer  agent,  and (5) permit its website to become
operational.  The Company,  after expending funds for these purposes,  and after
the receipt of $75,000 in funds in March 2000 pursuant to a stock  subscription,
has at April 15, 2000,  approximately  $100,000 in liquid  assets  available for
future operations.

The  Company,  over the next few months  plans to  continue  development  of its
Internet  retailing  business on its website,  Buyitcheap.com.  This development
will primarily  include  further  automation of the order taking and fulfillment
processes and the offering of additional  merchandise on the website.  While the
Company's  upgraded website became  functional during the current quarter it has
not yet promoted it. The Company,  as of April 21, 2000, has obtained  suppliers
with merchandise in the electronics,  luggage,  giftware and  telecommunications
lines.  The  Company is  currently  negotating  with  several  other  suppliers,
including some in the health and beauty aid lines. The Company's objective is to
offer name brand  merchandise at prices lower than commonly  available.  In some
cases, this may involve discontinued and closeout merchandise.  The Company does
not plan to  purchase  or  inventory  any  merchandise  itself.  Customers  will
typically order from the Company's website and have their credit card charged by
the Company.  The Company then directs the order to the applicable  supplier who
ships directly to the customer.  A transfer of funds is made from the Company to
the supplier for the merchandise.  The Company earns a profit on the amount that
it had  marked  up the  merchandise.  The  Company  currently  does  not  charge
suppliers for the placement of merchandise on the Company's website.


<PAGE>

During this period of initial development of its website,  the Company will keep
its  operating  overhead  at  minimal  levels.  Two  members  of  the  Company's
management have agreed to perform  services without further  compensation  until
such time as cash flow  from  sales  permits  or the  Company  is able to obtain
additional  financing.  The Company will temporarily operate from the offices of
these individuals  without rental charge. As such, the Company believes that its
current  cash balance  will be  sufficient  for this first phase of its business
development.  Since the Company currently has minimal fixed operating  expenses,
its current cash  balance  would be  sufficient  for it to operate for the  next
twelve  months.  However,  the  Company  needs to move to the next  phase of its
development, and it may seek additional cash for this purpose.

As noted above, the Company has not yet prmoted its website.  This is due to its
limited  resources  and  because  it does  not  believe  that it has  sufficient
merchandise  with which to attract and interest web shoppers.  By the end of its
fiscal year, the Company's objective will be to have proven the viability of its
website in both concept and functionality,  and being able to offer a sufficient
variety  of  merchandise.  The  Company is  currently  seeking a $1 - $2 million
private  placement  of its common  stock with  which to launch  advertising  and
promotion at that time. This will also permit the Company to expand its business
by: (1) hiring personnel experienced in merchandising and Internet retailing and
(2) funding  increased  operating  overhead as the  business  expands.  Once the
Company has shown the viability of its business  model, it will seek a secondary
offering in the $10 to $20 million range to lauch growth. There can, however, be
no assurances  that the Company will be successful in raising  capital through a
private placement and/or accomplishing a secondary offering.

Disclosure Regarding Forward Looking Statements

This Quarterly Report on Form 10-QSB contains forward-looking statements  within
the  meaning of Section  27A of the  Securities  Act of 1933,  as  amended,  and
Section 21E of the Securities  Exchange Act of 1934, as amended,  that are based
on the beliefs of the Company's  management as well as  assumptions  made by and
information currently available to the Company's  management.  When used in this
Quarterly  Report  on Form  10-QSB  Report,  the  words  "estimate,"  "project,"
"believe," "anticipate," "intend," "expect," "plan," "predict," "may," "should,"
"will," the negative  thereof and similar  expressions  are intended to identify
forward-looking statements.

Forward-looking  statements are inherently  subject to risks and  uncertainties,
many of which cannot be predicted with accuracy and some of which might not even
be anticipated. Future events and actual results, financial and otherwise, could
differ materially from those set forth in or contemplated by the forward-looking
statements  contained  herein.  Important  factors that could contribute to such
differences include, but are not limited to, the fact that the Company is in the
early  stages of  developing  its Internet  retailing  business,  the  Company's
dependence on growth of the Internet, rapid technological changes in the market,
the effect of substantial  competition in the Internet retail market, the effect
of changes in governmental  regulation of the Internet and the effect of general
economic and market conditions.  Other factos may be described from time to time
in the Company's other filings with the Securities and Exchange Commission, news
releases  and other  communications.  Readers are  cautioned  not to place undue
reliance on these  forward-looking  statements,  which speak only as of the date
hereof.  The Company does not undertake any  obligation to release  publicly any
revisions to these forward-looking statements to reflect events or circumstances
after the date hereof or to reflect the occurrence of unanticipated events.

Subsequent  written  and oral  forward-looking  statements  attributable  to the
Company  or  persons  acting on its  behalf  are  expressly  qualified  in their
entirety by the cautionary statements set forth above and contained elsewhere in
this Quarterly Report on Form 10-QSB.


<PAGE>

                           PART II - OTHER INFORMATION



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

         (a) Exhibits

          2.1(a) Agreement  and Plan of Merger  among  Celcor,  Inc.,  Northeast
                 (USA) Corp., and the Stockholders of Northeast (USA) Corp.(4)

          2.1(b) Agreement and Plan of Merger between  Northeast (USA) Corp. and
                 Buy It Cheap.com, Inc. (5).

          3.1    Certificate of Incorporation,   as  amended,   of  the  Company
                 (1)(2)(3)(6)

          3.2    By-laws of the Company

          4.1    Certificate of  Designations,  Preferences and Rights of Series
                 C 8% Convertible Preferred Stock of Celcor, Inc.(4)

          10.1   Promissory Notes between  the  Company  and  Buy It  Cheap.com,
                 Inc.(6)

          10.2   Joint Venture  Contract between China Northeast  Pharmaceutical
                 Company and U.S. Lyncroft Company (translated from the Chinese)
                 creating United Vitatech.(4)

          10.3   Contract of Shenyang   United  Vitatech   Pharmaceutical   Ltd.
                 (translated from the Chinese)(4)

          10.4   Regulations  of  Shenyang  United  Vitatech Pharmaceutical Ltd.
                 (translated from the Chinese)(4)

          10.5   Agreement dated December 26, 1993 between Mannion Consultants
                 Ltd and Northeast (USA) Corp.(4)

          27     Financial Data  Schedule
______________
                (1) Incorporated  by  reference  to the  Company's  Registration
                    Statement on Form S-1, No. 294663.

                (2) Incorporated by reference to the Company's Form 10-K for the
                    year ended June 30, 1986. (File No. 000-13337).


<PAGE>

                (3) Incorporated  by  reference  to the  Company's  Registration
                    Statement on Form S-1, No. 3312084.

                (4) Incorporated  by  reference to the Company's Form 10-KSB for
                    the year ended June 30, 1995. (File No. 000-13337)

                (5) Incorporated   by   reference  to  the  Company's 8-K  dated
                    November 11, 1999.

                (6) Incorporated  by reference to the  Company's  10-KSB for the
                    fiscal year ended June 30, 1999.


(b)   None.


<PAGE>



                                   SIGNATURES


          In  accordance  with  the   requirements  of  the  Exchange  Act,  the
registrant  caused  this  report to be signed on its behalf by the  undersigned,
thereunto duly authorized.


                                                    BUY IT CHEAP.COM, INC.



Date May 15, 2000                                   /s/Stephen E. Roman, Jr.
                                                    ____________________________
                                                           Signature
                                                      Stephen E. Roman, Jr.
                                                           President
<PAGE>


                               INDEX TO EXHIBITS


Exhibit Number                                                   Page Number

3.2                      By-laws of the Company
27                       Financial Data Schedule