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       December 31, 1999

           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)

Indicate by check mark whether the registrant (1) has filed all reports required
to tbe  filed by  Section  13 or 15(d) of the  Securities  Exchange  Act of 1934
during the preceding 12 months (or for such shorter  period that the  Registrant
was  required  to file such  reports),  and (2) had been  subject to such filing
requirements for the past 90 days.       __ Yes        X No


                     APPLICABLE ONLY TO ISSUERS INVOLVED IN
                       BANKRUPTCY PROCEEDINGS DURING THE
                              PRECEDING FIVE YEARS

          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:  8,408,187 shares of Common
Stock, $.001 par value per share, at January 27, 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 December 31, 1999

          Statements of Loss for the three and six  months  ended  December 31,
          1999 and 1998

          Statements  of Cash Flows for the three and six months ended December
          31, 1999

          Notes to Financial Statements



<PAGE>

<TABLE>
<CAPTION>

                              BUY IT CHEAP.COM, INC.
                                 Balance Sheets



                                                          As of
                                       December 31, 1999           June 30, 1999

      Assets

Current assets:
<S>                                          <C>                          <C>
 Cash                                        7,476                        1,031
 Notes receivable                           48,790                         --
 Other                                       1,000                         --
                                           -------                        ------
    Total current assets                    57,266                        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                       19,400                        --
Goodwill                                   179,377                        --
                                          ---------                   ----------
  Total assets                             259,558                        1,031
                                          =========                   ==========
    Liabilities and Equity

Current liabilities:
   Accounts payable                        192,953                      184,627
   Due to officers and directors             5,559                        5,559
                                           --------                    --------
  Total current liabilities                198,512                      190,186
                                           --------                    --------
Stockholders' equity:
   Preferred stock - Series C, $.001 par        10                           10
   Common stock - $.001 par                  8,558                        7,158
   Paid in capital                       2,847,345                    2,566,856
   Treasury stock                         (751,100)                    (751,100)
   Deficit                              (2,043,767)                  (2,012,079)
                                        -----------                  -----------
     Total stockholders' equity             61,046                     (189,155)
                                        -----------                  -----------
         Total Liabilities and Equity   $  259,558                   $    1,031
                                        ===========                  ===========

</TABLE>


<PAGE>

<TABLE>
<CAPTION>

                              BUY IT CHEAP.COM, INC.
                               Statements of Loss


                                                 For the three months ended      For the six months ended
                                                        December 31,                    December 31

                                                  1999              1998         1999               1998

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

General and administrative expenses              15,567              --          31,688               --
                                                 --------          --------     ------           -------

      Net loss before discontinued operations   (15,567)             --         (31,688)              --
                                               ----------          ---------    --------         --------
Net loss from discontinued operations              --                (162)        --                (483)

      Net loss                                 $(15,567)           $ (162)     $(31,688)            (483)
                                               =========           ========    =========         =========

Net loss per share                             $   --              $  --       $   --            $    --

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


<PAGE>

<TABLE>
<CAPTION>

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


                                                  For the three months ended December 31,

                                                    1999                       1998

<S>                                               <C>                           <C>
Cash flows from operating activities:
   Net loss                                       (31,688)                      (483)

   Adjustments to reconcile net loss to
       net cash used by operating activities:
       Changes in assets and liabilities
       Accounts payable                             8,326                        --
       Other                                       (1,000)                       --
                                                  ---------                ----------
       Net cash used by operating activities      (24,362)                      (483)

                                                  ---------                ----------
Cash flows from investing activities:
   Issuance of notes receivable                    (48,790)                      --
   Investment in website                           (19,400)                      --
   Investment in computer equipment                 (3,515)                      --
   Purchase of goodwill from acquisition          (179,577)                      --
                                                  ---------                ----------
                                                  (251,082)                      --
                                                  ---------                ----------
Cash flows from financing activities:
  Issuance of common stock                         281,889                       --
                                                  ---------                ----------

Net increase (decrease) in cash                      6,445                      (483)
Cash at beginning of period                          1,031                     1,102
                                                  --------                 ----------
Cash at end of period                             $  7,476                  $    619
                                                  ========                  =========
</TABLE>


<PAGE>


                              Northeast (USA) Corp.
                          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.,  formerly
Northeast  (USA) Corp.  (the  "Company"),  without audit.  In the opinion of the
Company, all adjustments  necessary to present fairly these financial statements
have been made.

Nature of Business

The Company is a Delaware  corporation.  The  Company  has had limited  business
operations for the past 30 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  December  31,  1999.  In  addition,  the  Company,  as a  result  of  its
acquisition  of Buy It Cheap.com,  Inc. (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  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
contributed,  the  Company  owned  56.52% of the joint  venture  and NEGPF owned
43.48%.  To  date,  the  Company  has  contributed  $1  milliom  in cash and the
technology.  NEGPF has contributed $750,000 in cash, but has not contributed the
land-use  right.  The joint  venture had only limited  start-up  operations  and
operations effiectively ceased in 1997 due to a lack of funding. The Company has
communicated  to 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 from 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 7,008,187 in the 1998 period and 7,502,752 in the 1999
period.  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 have been to decrease net loss per common share for the period.

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
$373,614 which expires in years through 2018.

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 the 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 such  preferred  shares had been
converted accordingly to their terms prior to July 1, 1998. The Ccompany has the
right to redeem  the  shares  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 common stock in lieu of cash dividends.  Those preferred
shareholders  who did not  accept  shares  of the  Company's  common  stock  for
dividends and those  preferred  shareholders  who did not covert their preferred
shares are owed a total of $106,400 of dividend arrearages at December 31, 1999.

Acquisition

On August 5, 1990,  the Company's  Board of Directors  duly adopted a resolution
approving the  acquisition of Buy It Cheap.com,  Inc.  ("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 that planned 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 of Plan of Operation

Management's Plan of Operations During the Next 12 Months

Buy It Cheap.com,  Inc. formerly  Northeast (USA) Corp., (the "Company") has had
virtually no operations  during its past two fiscal  years,  ended June 30, 1998
and 1999,  respectively.  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.  Thereafter,  the Company filed
an amendment to its  certificate of  incorporation  to change its name to Buy It
Cheap.com, Inc.

The  Company  has  expended  approximately  $30,000  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,  has at
January 15, 2000,  approximately  $50,000 in liquid assets  available for future
operations.

Over the next  several  months,  the Company  plans to continue  developing  its
Internet  retailing business on its website,  buyitcheap.com.  While the website
became functional on approximately  November 3, 1999, the further development of
this website will consist of obtaining  additional  suppliers for merchandise to
be offered  for sale.  The  Company,  as of  November  3, 1999,  has  obtained 5
suppliers  with   merchandise  in  the   electronics,   luggage,   giftware  and
telecommunications  lines.  The  Company's  objective  is to  offer  name  brand
merchandise at prices lower than commonly  available.  In many cases,  this will
involve  discontinued and closeout  merchandise.  The Company's 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 has marked
up the  merchandise.  The Company  currently  does not charge  suppliers for the
placement of merchandise on the Company's wedsite.

<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.

By the end of its third quarter, March 31, 2000, the Company's objective will be
to have proven the  viability of its website in both concept and  functionality.
With the Company's  limited resources for promotion to that date, it is expected
that only limited traffic to its website will have been achieved.  At this time,
the Company  plans to seek a private  placement  of its stock,  seeking to raise
between $1 and $2  million  in new  capital.  This will  permit  the  Company to
modestly expand its business by: (1) promoting its website, (2) hiring personnel
experienced in merchandising and Internet  retailing, and (3) funding  increased
operating  overhead  as the  buisness  expands.  Once the  Company has shown the
viability of its business  model,  it will seek a secondary  offering in the $10
and $20 million  range to launch  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.

Certain of the  informations  set forth in this quarterly  report on Form 10-QSB
may  constitute  "forward-looking  statements"  with the  meaning of the Private
Securities Litigation Reform Act of 1995 and are subject to risks, uncertainties
and other factors  which could cause actual  results to differ  maternally  from
those  projected or implied.  Such  statements  may be  identified by the use of
forward-looking   language   such  as   "may",   "will",   "should",   "expect",
"anticipate",  "estimate",  or "contrive" or the negatives or variations thereof
or similar terminology. Such risks and uncertainties include the risks described
in Northeast's annual report on Form 10-KSB for the year ended June 30, 1999 and
in other reports and exhibits filed with the Securities and Exchange Commission


<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.(5)

          2.1(b) Agreement and Plan of Merger between  Northeast (USA) Corp. and
                 Buy It Cheap.com, Inc. (6).

          3.1(a) Certificate of Incorporation,   as  amended,   of  the  Company
                 (1)(2)(4)(7)

          3.1(b) Certificate of Amendment of the Certificate of Incorporation of
                 the Company

          3.2    By-laws of the Company (1)(3)

          4.1    Certificate of  Designations,  Preferences and Rights of Series
                 C 8% Convertible Preferred Stock of Celcor, Inc.(5)

          10.1   Promissory Notes between  the  Company  and  Buy It  Cheap.com,
                 Inc.(7)

          10.2   Joint Venture  Contract between China Northeast  Pharmaceutical
                 Company and U.S. Lyncroft Company (translated from the Chinese)
                 creating United Vitatech.(5)

          10.3   Contract of Shenyang   United  Vitatech   Pharmaceutical   Ltd.
                 (translated from the Chinese)(5)

          10.4   Regulations  of  Shenyang  United  Vitatech Pharmaceutical Ltd.
                 (translated from the Chinese)(5)

          10.5   Agreement dated December 26, 1993 between Mannion Consultants
                 Ltd and Northeast (USA) Corp.(5)

          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).

                (3) Incorporated  by   reference  to  the  Company's  1986 Proxy
                    Statement dated November 7, 1986. (File No. 000-13337).

<PAGE>

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

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

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

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


(b) A current  report on Form 8-K was filed on November 12, 1999 which  included
Items 2 and 7. The financial statements required by Item 7(b) thereof were filed
via an amendment to the current report a Form 8-K on January 10, 2000.


<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 February 14, 2000                               /s/Stephen E. Roman, Jr.
                                                    ____________________________
                                                           Signature
                                                      Stephen E. Roman, Jr.
                                                           President