`FORM 10-QSB

                        SECURITY AND EXCHANGE COMMISSION

                              WASHINGTON, DC 20549


(Mark One)

         (X)     QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                 SECURITIES EXCHANGE ACT OF 1934

                 For the quarterly period ended March 31, 2002.


         ( )     TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                 SECURITIES EXCHANGE ACT OF 1934 (NO FEE REQUIRED)

For the transition period from             to           .

                 Commission file number: 0-32137

                            ALEC BRADLEY CIGAR CORP.
             (Exact name of registrant as specified in its charter)

                     FLORIDA                         65-0701352
         State or other jurisdiction of           (I.R.S. Employer
         incorporation or organization            Identification No.)

        1750 N. W. 65th Avenue, Plantation, Florida           33313
         (Address of principal executive offices)          (Zip Code)


       Registrant's telephone number, including area code: (954) 321-5991


         Indicate by check mark whether the registrant (1) has filed all reports
required to be 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 report(s), and (2) has been subject to such
filing requirements for the past 90 days.

Yes   X     No


                      APPLICABLE ONLY TO CORPORATE ISSUERS

As of May 1, 2002, there were 4,484,777 shares of Common Stock, par value $.0001
per share, outstanding.


                                       1
ALEC BRADLEY CIGAR CORP.




                                    I N D E X



Part I.       Financial Information.


Item 1.       Financial Statements (Unaudited).


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


Part II.      Other Information.



                                       2
ALEC BRADLEY CIGAR CORP.
                                  BALANCE SHEET



                                     ASSETS

                                                                 March 31,           December 31,
                                                                   2002                2001
                                                                (Unaudited)
Current Assets:
     Cash and cash equivalents                                    $43,011              $38,508
     Accounts receivable                                           62,759               51,493
     Inventory                                                     84,981               76,988
     Prepaid expenses                                              10,278                4,399
                                                               ------------          ------------

                         Total Current Assets                     201,029              171,388
                                                               ------------          ------------
Furniture and Equipment - Net                                       6,874                8,205

Trademarks and Other Assets                                         4,877                5,252
                                                               ------------          ------------

                                                                 $212,780             $184,845
                                                               ============          ============

                      LIABILITIES AND SHAREHOLDERS' EQUITY

Current Liabilities
     Accounts payable                                             119,313              98,413
     Income taxes payable                                           2,989               7,903
     Directors' loans and advances                                     -
                                                               ------------          ------------
                         Total Current Liabilities                122,302             106,316
                                                               ------------          ------------
Shareholders' Equity
     Common Stock, $.0001 par value, 30,000,000
              shares authorized, 4,494,777 shares issued
              and outstanding                                         448                 448
     Paid in capital                                              459,597             459,597
     Accumulated Deficit                                         (369,567)           (381,516)
                                                               ------------          ------------
                         Total Shareholders' Equity                90,478              78,529
                                                               ------------          ------------
                                                                 $212,780            $184,845
                                                               ==================================



                       See notes to financial statements.

                                      F-2

ALEC BRADLEY CIGAR CORP.
                            STATEMENTS OF OPERATIONS
                                   (Unaudited)



                                                                   Three months ended
                                                                       March 31,
                                                              2002                2001

Sales                                                       $  236,276          $ 166,460

Cost of Sales                                                  142,727            96,313
                                                           ------------        -----------

Gross Profit                                                    93,549           70,147

Operating Expenses
               General and administrative                       65,671           67,596
               Selling                                          13,929            4,950
                                                          ------------        -----------
                                                                79,600           72,546
                                                          ------------        -----------
Income from Operations Before Income Taxes                      13,949           (2,399)

Provision for Income Taxes                                       2,000               -
                                                          ------------        -----------
Net Income                                                  $   11,949          $ (2,399)
                                                          ============        ===========



Basic net income (loss) per common share                    $     0.00          $  (0.00)
                                                          ============        ===========
Weighted average common shares
               outstanding - basic                           4,484,777         4,484,777
                                                          ============        ===========




                       See notes to financial statements.



                                      F-3

ALEC BRADLEY CIGAR CORP.
                             STATEMENT OF CASH FLOWS
                                   (Unaudited)


                                                                    Three months ended
                                                                        March 31,
                                                                    2002           2001
Cash Flows From Operating Activities
    Net Income (Loss)                                              $ 11,949      $ (2,399)
    Adjustments to reconcile net income (loss) to net
       cash provided by (used in) operating activities:
       Depreciation and amortization                                  1,950         1,950
    Changes in current assets and liabilities:
       Accounts receivable                                          (11,266)       25,500
       Inventory                                                     (7,993)       62,723
       Prepaid expenses                                              (5,879)       11,580
       Accounts payable                                              20,900      (112,842)
       Income taxes payable                                          (4,914)           -
                                                                  -----------    -----------

Net Cash Provided by (Used in) Operating Activities                   4,747       (13,488)
                                                                  -----------    -----------

Cash flows From Investing Activities
    Cash payments for the purchase of property                         (244)       (1,499)
                                                                  -----------    -----------

Net Increase (Decrease) in Cash and Cash Equivalents                  4,503       (14,987)

Cash and Cash Equivalents - Beginning of Period                      38,508        45,562
                                                                  -----------    -----------

Cash and Cash Equivalents - Ending of Period                       $ 43,011       $30,575
                                                                  ===========    ===========




                       See notes to financial statements.


                                      F-4

ALEC BRADLEY CIGAR CORP.

                     Notes to Combined Financial Statements





NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Organization - Alec Bradley Cigar Corp. (the "Company"), a Florida corporation,
was organized in July 1996. The Company imports and distributes cigars
domestically, with offices located in Plantation, Florida.

Basis of Accounting - The financial statements are prepared using the accrual
basis of accounting where revenues are recognized upon shipment of merchandise
to the customer and expenses are recognized in the period in which they are
incurred. This basis of accounting conforms to accounting principles generally
accepted in the United States of America.

Earnings per Common Share - Basic earnings per common share are based on the
weighted average number of shares outstanding of 4,484,777 for the three months
ended March 31, 2002 and 2001. There are no common stock equivalents in the
aforementioned periods.

Estimates - The preparation of financial statements in conformity with
accounting principles generally accepted in the United States of America
requires management to make estimates and assumptions that affect certain
reported amounts and disclosures. Accordingly, actual results could differ from
those estimates.

Interim Financial Statements - The accompanying interim unaudited financial
information has been prepared pursuant to the rules and regulations of the
Securities and Exchange Commission. Certain information and footnote disclosures
normally included in financial statements prepared in accordance with accounting
principles generally accepted in the United States of America have been
condensed or omitted pursuant to such rules and regulations, although management
believes that the disclosures are adequate to make the information presented not
misleading. In the opinion of management, all adjustments, consisting only of
normal recurring adjustments, necessary to present fairly the financial position
of the Company as of March 31, 2002, and the results of its operations and cash
flows for the three months ended March 31, 2002 and 2001, have been included.
The results of operations of such interim period are not necessarily indicative
of the results of the full year.


                                      F-5

ALEC BRADLEY CIGAR CORP.

                     MANAGEMENT'S DISCUSSION AND ANALYSIS OF

            FINANCIAL CONDITION AND RESULTS OF OPERATIONS (CONTINUED)






                MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                       CONDITION AND RESULTS OF OPERATIONS

GENERAL

         Alec Bradley Cigar Corp. (the "Company") was organized under the laws
of the State of Florida on July 15, 1996. On December 19, 2000, the Company
filed a registration statement on Form 10-SB with the Securities and Exchange
Commission. The registration statement went effective under operation of law and
on February 13, 2002 the SEC informed the Company that its registration
statement, as amended, was subject to no further review. The Company is an
importer and distributor of cigars. The Company primarily sells to two types of
customers:

         1.   Distributors, including wine and liquor wholesalers; and
         2.   Retailers, that include tobacco shops, convenience stores, bars,
              restaurants and country clubs.

              Management's discussion and analysis contains various forward
looking statements. These statements consist of any statement other than a
recitation of historical fact and can be identified by the use of
forward-looking terminology such as "may," "expect," "anticipate," "estimate" or
"continue" or use of negative or other variations or comparable terminology.

              The Company cautions that these statements are further qualified
by important factors that could cause actual results to differ materially from
those contained in the forward-looking statements, that these forward-looking
statements are necessarily speculative, and there are certain risks and
uncertainties that could cause actual events or results to differ materially
from those referred to in such forward-looking statements.

              The following discussion should be read in conjunction with the
information contained in the financial information and the notes thereto
appearing elsewhere in this report.

Results of Operations

Three Months ending March 31, 2002 Compared to Three Months ending March 31, 2001

         Revenues

         Revenues for the three months ended March 31, 2002 were $236,300, an
increase of $69,800, or 41.9% from $166,500 for the three months ended March 31,
2001. This was attributable to the continuing success of cigars lines introduced
during 2001 (Havana Sun Grown Cigars) and late 2000 (Occidental Cigars). The
Company's gross profit increased for the three months ended March 31, 2002 as
compared to the three months ended March 31, 2001 from approximately $70,100 to
approximately $93,500, an increase of $23,400, or 33.4%. Gross profit, as a
percentage of sales were 39.6% and 42.1% respectively for the three-month
periods ending March 31, 2002 and 2001. The increase in gross profit dollars was
directly attributable to the increase in sales. The decrease in gross profit
percentage was due to the specific mix of product being sold.

         Selling Expenses

         Selling expenses for the three months ended March 31, 2002 were
$13,900, an increase of $9,000, or 183.7%, from $4,900 for the three months
ended March 31, 2001. Selling expenses include all compensation and related
benefits for the sales personnel and advertising and promotional costs. Selling
expenses represented 5.9% of revenues for the three months ended March 31, 2002,
as compared to 2.9% for the three months ended March 31, 2001. The increase was
primarily attributable to an increase in freight costs of $5,200 and commission
expense of $3,700.


                                       3



         General and administrative expenses

         General and administrative expenses for the three months ended March
31, 2002 were $65,700, a decrease of $1,900, or 2.8%, from $67,600 for the three
months ended March 31, 2001. General and administrative expenses primarily
include salaries, supplies, and general operating expenses. The decrease in
general and administrative expenses is primarily attributable to the decreases
in interest of $2,600 that was partially offset by an increase in professional
fees of $1,400. General and administrative expenses represented 27.8% of
revenues for the three months ended March 31, 2002, compared to 40.6% for the
three months ended March 31, 2001.

Liquidity and Capital Resources

         As of March 31, 2002, the Company had an accumulated deficit of
$369,567. For the three months ended March 31, 2002, cash provided by operations
was $4,747 and primarily resulted from the income from operations plus the
effect of net of non-cash items (depreciation expense). The Company's cash
balance as of March 31, 2002 increased by $4,503 from $38,508 as of December 31,
2001 to $43,011.

         As of March 31 2002, the Company's accounts receivable was $62,759. As
of March 31, 2002, the Company's working capital was $78,727.

         The Company is currently negotiating with its major suppliers to obtain
extended credit terms for new products being developed through these suppliers.
In addition, the Company is currently in negotiations with several banks to
establish a line of credit to provide for additional cash flow needs.

         Management believes that the cash generated from the Company's
operations and new credit terms and credit facility(s) will be adequate to
support its short-term cash requirements for capital expenditures and
maintenance of working capital.


                                       4
Part II: Other Information

ITEM 1:  Legal Proceedings
                  None

ITEM 2:  Changes in Securities and Use of Proceeds
                  None

ITEM 3:  Defaults upon Senior Securities
                  None

ITEM 4:  Submission of Matters to a vote of Securities Holders
                  None

ITEM 5:  Other Information
                  None

ITEM 6:  Exhibits and Reports on Form 8-K

(a)      Exhibits required by Item 601 of Regulation S-B
                  None

(b)      Reports on Form 8-K

                  On March 18, 2002, the Company filed a report on Form 8-K
disclosing that on March 11, 2002, the Board of Directors of the Company
approved the engagement of Jaffe, Kaufman, & Sarbey, LLC as independent auditors
of the Company for the fiscal year ended December 31, 2001, to replace the firm
of Spear, Safer, Harmon & Co., P.A., who were dismissed as the Company's
auditors, effective March 11, 2002.



                                       5
SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned as a duly authorized officer as the chief financial officer of the
Registrant.


                                          ALEC BRADLEY CIGAR CORP.

                                          By:  /s/ Alan Rubin        
                                                   Alan Rubin, President


DATED:        May 20, 2002`