UNITED
STATES


SECURITIES
AND EXCHANGE COMMISSION


Washington,
D.C. 20549


FORM
10-Q





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










For
the quarterly period ended March 31, 2010


or


 ̈
              TRANSITION
      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
      1934For the transition period from                 to




Commission
file number: 000-51997





NORTHEAST
AUTOMOTIVE HOLDINGS, INC.


(Exact
name of registrant as specified in its charter)





NEVADA
              65-0637308(State or Other Jurisdiction of
                Incorporation or Organization)
              (I.R.S. Employer Identification Number)





2174
HEWLETT AVENUE, SUITE 206


MERRICK,
NY 11566


(Address
of Principal Executive Offices)


(Zip
Code)





(516)
377-6311


(Registrant’s Telephone Number
including area code)





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 reports), and (2) has been subject to such filing requirements for
the past 90 days. Yes x No  ̈





Indicate by check mark whether the
registrant is a large accelerated filer, an accelerated filer, a non-accelerated
filer, or a smaller reporting company.





Large
      accelerated filer
                    o
                    
                    Accelerated
      filer
                    oNon-accelerated
      filer
                    o
                    
                    Smaller
      reporting company
                    x(Do
      not check if a smaller reporting company)





Indicate
by check mark whether the registrant is a shell company (as defined in Rule
12b-2 of the Exchange Act). Yes  ̈ No x





The
number of shares outstanding of the Registrant’s common stock as
of  May 7, 2009 was 692,879 shares.







NORTHEAST
AUTOMOTIVE HOLDINGS, INC.




FORM
10-Q





March
31, 2010




TABLE
OF CONTENTS





PART
      I— FINANCIAL INFORMATIONItem
      1.
                Financial
      Statements
                2Item
      2.
                Management’s
      Discussion and Analysis of Financial Condition and Results of
      Operations
                7Item
      3.
                Quantitative
      and Qualitative Disclosures About Market
      Risk
                10Item
      4T.
                Controls
      and Procedures
                10PART
      II— OTHER INFORMATIONItem
      1.
                Legal
      Proceedings
                10Item
      1A.
                Risk
      Factors
                10Item
      2.
                Unregistered
      Sales of Equity Securities and Use of Proceeds
                10Item
      3.
                Defaults
      Upon Senior Securities
                11Item
      4.
                Removed
      and Reserved
                11Item
      5.
                Other
      Information
                11Item
      6.
                Exhibits
                11SIGNATURES
                11




PART
1 - FINANCIAL INFORMATION





Item
1.  Financial Statements




The
financial statements of Northeast Automotive Holdings, Inc. (the "Company"),
included herein were prepared, without audit, pursuant to rules and regulations
of the Securities and Exchange Commission. Because certain information and notes
normally included in financial statements prepared in accordance with accounting
principles generally accepted in the United States of America were condensed or
omitted pursuant to such rules and regulations, these financial statements
should be read in conjunction with the financial statements and notes thereto
included in the audited financial statements of the Company as included in the
Company's Form 10-K for the year ended December 31, 2009.




2


NORTHEAST
AUTOMOTIVE HOLDINGS, INC.
  CONSOLIDATED
BALANCE SHEETS





March
      31,
                          
                          
                          December
      31,ASSETS
                          
                          2010
                          
                          
                          2009(unaudited)Current
      Assets:Cash
                          
                          $
                          206,369
                          
                          
                          $
                          341,629Inventory
                          
                          
                          1,428,131
                          
                          
                          
                          1,554,549Due
      from stockholders
                          
                          
                          60,555
                          
                          
                          
                          -Total
      Current Assets
                          
                          
                          1,695,055
                          
                          
                          
                          1,896,178Equipment,
      net
                          
                          
                          14,889
                          
                          
                          
                          16,251Other
      assets
                          
                          
                          4,973
                          
                          
                          
                          7,773TOTAL
      ASSETS
                          
                          $
                          1,714,917
                          
                          
                          $
                          1,920,202LIABILITIES
      AND STOCKHOLDERS' EQUITYCurrent
      Liabilities:Accounts
      payable
                          
                          $
                          25,133
                          
                          
                          $
                          136,711Note
      payable to bank
                          
                          
                          100,000
                          
                          
                          
                          100,000Credit
      line
                          
                          
                          250,650
                          
                          
                          
                          325,588Demand
      loans payable
                          
                          
                          804,929
                          
                          
                          
                          770,861Credit
      Card loan payable
                          
                          
                          1,475
                          
                          
                          
                          -Due
      to stockholders
                          
                          
                          500,364
                          
                          
                          
                          584,115Accrued
      expenses
                          
                          
                          61,257
                          
                          
                          
                          75,023Payroll
      taxes withheld and accrued
                          
                          
                          2,534
                          
                          
                          
                          2,316Total
      Current Liabilities
                          
                          
                          1,746,342
                          
                          
                          
                          1,994,614Stockholders'
      deficitPreferred
      stock, 0.0001 par value, 10,000,000 shares authorized, 10,000,000 issued
      and outstanding
                          
                          
                          1,000
                          
                          
                          
                          1,000Common
      stock, .001 par value, 300,000,000 shares authorized, 554,017 shares
      issued and outstanding March 31, 2010 and December 31,
2009
                          
                          
                          554
                          
                          
                          
                          554Capital
      Stock to be issued (500,000 Shares)
                          
                          
                          20,000
                          
                          
                          
                          20,000Additional
      Paid in Capital
                          
                          
                          3,957,424
                          
                          
                          
                          3,957,424Retained
      Deficit
                          
                          
                          (4,009,227
                          )
                          
                          
                          (4,052,214
                          )(74,412
                          )
                          
                          
                          (73,236
                          )Less:
      Treasury stock (6,667 common shares)
                          
                          
                          (1,176
                          )
                          
                          
                          (1,176
                          )Total
      Stockholders' Deficit
                          
                          
                          (31,425
                          )
                          
                          
                          (74,412
                          )TOTAL
      LIABILITIES AND STOCKHOLDERS' DEFICIT
                          
                          $
                          1,714,917
                          
                          
                          $
                          1,920,202




See
Notes to Financial Statements
 3
 
 NORTHEAST
AUTOMOTIVE HOLDINGS, INC.
 
 CONSOLIDATED
STATEMENTS OF OPERATIONS






Three
                  
                  
                  ThreeMonths
                  
                  
                  MonthsEnded
                  
                  
                  EndedMarch
      31,
                  
                  
                  March
      31,2010
                  
                  
                  2009(unaudited)
                  
                  
                  (unaudited)Net
      sales
                  
                  $
                  3,553,743
                  
                  
                  $
                  4,801,921Cost
      of sales
                  
                  
                  3,325,772
                  
                  
                  
                  4,490,821Gross
      profit
                  
                  
                  227,971
                  
                  
                  
                  311,100Operating
      expenses:Officers
      salaries
                  
                  
                  -
                  
                  
                  
                  79,756Selling,
      general and administrative
                  
                  
                  144,402
                  
                  
                  
                  170,655Total
      operating expenses
                  
                  
                  176,640
                  
                  
                  
                  311,188Interest
      expense
                  
                  
                  32,238
                  
                  
                  
                  60,777Profit
      (loss) from operations
                  
                  
                  51,331
                  
                  
                  
                  (88
                  )Income
      taxes
                  
                  
                  8,344
                  
                  
                  
                  4,250Net
      profit (loss)
                  
                  $
                  42,987
                  
                  
                  $
                  (4,338
                  )Net
      income (loss) per share basic and diluted
                  
                  $
                  0.06
                  
                  
                  $
                  (0.01
                  )Weighted
      average number of shares outstanding
                  
                  
                  692,879
                  
                  
                  
                  692,879




See
Notes to Financial Statements
 4





NORTHEAST
AUTOMOTIVE HOLDINGS, INC.


CONSOLIDATED
STATEMENTS OF CASH FLOWS


Three
      Months
                              
                              
                              Three
      MonthsEnded
                              
                              
                              EndedMarch
      31, 2010
                              
                              
                              March
      31, 2009(unaudited)
                              
                              
                              (unaudited)CASH
      FLOWS FROM OPERATING ACTIVITIES:Net
      profit (loss)
                              
                              $
                              42,987
                              
                              
                              $
                              (4,338
                              )Adjustments
      to reconcile net profit to net cash used by operating
      activities:Depreciation
      and amortization
                              
                              
                              1,362
                              
                              
                              
                              1,362Changes
      in operating assets and liabilities:(Increase)
      decrease in accounts receivable
                              
                              
                              -
                              
                              
                              
                              (30,629
                              )(Increase)
      decrease in loans receivable
                              
                              
                              (60,555
                              )(Increase)
      decrease in inventory
                              
                              
                              126,418
                              
                              
                              
                              (109,605
                              )(Increase)
      decrease in other assets
                              
                              
                              2,800
                              
                              
                              
                              1,694Increase
      (decrease) in accounts payable
                              
                              
                              (111,578
                              )
                              
                              
                              123,352Increase
      (decrease) in accrued expenses
                              
                              
                              (13,766
                              )
                              
                              
                              (9,785
                              )Increase
      (decrease) in payroll taxes
                              
                              
                              218
                              
                              
                              
                              2,370Total
      adjustments
                              
                              
                              (55,101
                              )
                              
                              
                              (22,603
                              )CASH
      PROVIDED (USED) BY OPERATING ACTIVITIES
                              
                              
                              (12,114
                              )
                              
                              
                              (25,579
                              )CASH
      FLOWS FROM FINANCING ACTIVITIES:Proceeds
      of line of credit
                              
                              
                              
                              
                              
                              
                              468,792Repayment
      of line of credit
                              
                              
                              (74,938
                              )
                              
                              
                              (605,589
                              )Proceeds
      of stockholders loans
                              
                              
                              -
                              
                              
                              
                              101,981Repayment
      of stockholders loan
                              
                              
                              (83,751
                              )
                              
                              
                              (467,511
                              )Proceeds
      of demand loans
                              
                              
                              34,068
                              
                              
                              
                              (8,900
                              )Proceeds/(Repayments)
      on credit card loan
                              
                              
                              1,475
                              
                              
                              
                              1,000CASH
      PROVIDED (USED)BY FINANCING ACTIVITIES
                              
                              
                              (123,146
                              )
                              
                              
                              (510,227
                              )NET
      INCREASE (DECREASE) IN CASH
                              
                              
                              (135,260
                              )
                              
                              
                              (535,806
                              )CASHBeginning
      of year
                              
                              
                              341,629
                              
                              
                              
                              934,118End
      of period
                              
                              $
                              206,369
                              
                              
                              $
                              398,312SUPPLEMENTAL
      CASH FLOW INFORMATIONCash
      paid for:Income
      tax payments
                              
                              $
                              8,344
                              
                              
                              $
                              4,250Interest
      payments
                              
                              $
                              32,238
                              
                              
                              $
                              60,777


See
Notes to Financial Statements.
  5


NORTHEAST
AUTOMOTIVE HOLDINGS, INC.
  NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS


(Unaudited)





NOTE
1 – ORGANIZATION AND NATURE OF BUSINESS





The
Company buys used automobiles at auctions, then repairs, cleans, transports and
resells them wholesale throughout the United States.





BASIS OF
PRESENTATION





The
accompanying unaudited interim financial statements of the Company have been
prepared in accordance with accounting principles generally accepted in the
United States of America and the rules of the Securities and Exchange
Commission, and should be read in conjunction with the audited financial
statements and notes thereto contained in the Company’s most recent Annual
Financial Statements filed with the SEC on Form 10-K. In the opinion of
management, all adjustments, consisting of normal recurring adjustments,
necessary for a fair presentation of financial position and the results of
operations for the interim period presented have been reflected herein. The
results of operations for the interim period are not necessarily indicative of
the results to be expected for the full year. Notes to the financial statements
which would substantially duplicate the disclosures contained in the audited
financial statements for the most recent fiscal period, as reported in the Form
10-K, have been omitted.





The
accompanying interim financial statements of Northeast Automotive Holdings, Inc.
are unaudited.  However, in the opinion of management, the interim
data includes all adjustments, consisting of only normal recurring adjustments,
necessary for a fair presentation of the results for the interim
period.  The results of operations for the period ended March 31, 2010
are not necessarily indicative of the operating results for the entire
year.





Going
Concern





The
financial statements have been prepared on the basis of a going concern which
contemplates the realization of assets and the satisfaction of liabilities in
the normal course of business. The Company has a working capital deficiency of
$51,287 at March 31, 2010 and an accumulated deficit of $4,009,227 since
inception.





While the
Company is attempting to produce sufficient revenues, the Company's cash
position may not be enough to support the Company's daily operations. Management
believes that the actions presently being taken to further implement its
business plan and generate sufficient revenues provide the opportunity for the
Company to continue as a going concern. While the Company believes in the
viability of its strategy to increase revenues and in its ability to raise
additional funds, there can be no assurances to that effect. The ability of the
Company to continue as a going concern is dependent upon the Company's ability
to further implement its business plan and generate sufficient revenues. The
financial statements do not include any adjustments that might be necessary if
the Company is unable to continue as a going concern.




6


ITEM
2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
OPERATIONS





The
following discussion and analysis addresses material changes in the results of
operations and financial condition of Northeast Automotive Holdings, Inc. and
Subsidiaries (the “Company” or “we”) for the periods presented. This discussion
and analysis should be read in conjunction with the Consolidated Financial
Statements, the related Notes to Consolidated Financial Statements and
Management’s Discussion and Analysis of Results of Operations and Financial
Condition included in the Company’s Form 10-K for the fiscal year ended
December 31, 2008, the unaudited interim Condensed Consolidated Financial
Statements and related Notes included in Item 1 of this Report on
Form 10-Q (“Form 10-Q”) and the Company’s other SEC filings and public
disclosures.




This
Form 10-Q may contain “forward-looking statements”. These statements are
made pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Such forward-looking statements may include, without
limitation, statements about the Company’s market opportunities, strategies,
competition and expected activities and expenditures, and at times may be
identified by the use of words such as “may”, “will”, “could”, “should”,
“would”, “project”, “believe”, “anticipate”, “expect”, “plan”, “estimate”,
“forecast”, “potential”, “intend”, “continue” and variations of these words or
comparable words. Forward-looking statements inherently involve risks and
uncertainties. Accordingly, actual results may differ materially from those
expressed or implied by these forward-looking statements. Factors that could
cause or contribute to such differences include, but are not limited to, the
risks described below under “Risk Factors” in Part II, Item 1A. The
Company undertakes no obligation to update any forward-looking statements for
revisions or changes after the date of this Form 10-Q.





Overview





We are a
wholesale automobile sales company which seeks to exploit the inefficiencies and
geographic differences in the used vehicle market by purchasing high quality,
late model used vehicles from dealers and institutional sellers in Northeastern
states and transporting the vehicles for resale in the Pacific Northwest. We are
involved only in the wholesale purchase and sale of vehicles acting as a
middleman between various dealer and institutional sellers and dealer
purchasers.  We generally sell our vehicles only through established
third-party auctions which act as a marketplace for used vehicles. We thus help
align institutional used vehicle sellers and wholesale buyers over a wide
geographic area.




Adopted Accounting
Principles





In the
first quarter of 2009, we adopted Statement of Financial Accounting Standards
(SFAS) No. 141 (revised 2007), “Business Combinations” (SFAS
No. 141(R)) as amended by FASB staff position FSP 141(R)-1, “Accounting for
Assets Acquired and Liabilities Assumed in a Business Combination That Arise
from Contingencies.” SFAS No. 141(R) generally requires an entity to
recognize the assets acquired, liabilities assumed, contingencies, and
contingent consideration at their fair value on the acquisition date. In
circumstances where the acquisition-date fair value for a contingency cannot be
determined during the measurement period and it is concluded that it is probable
that an asset or liability exists as of the acquisition date and the amount can
be reasonably estimated, a contingency is recognized as of the acquisition date
based on the estimated amount. It further requires that acquisition-related
costs be recognized separately from the acquisition and expensed as incurred,
restructuring costs generally be expensed in periods subsequent to the
acquisition date, and changes in accounting for deferred tax asset valuation
allowances and acquired income tax uncertainties after the measurement period
impact income tax expense. In addition, acquired in-process research and
development is capitalized as an intangible asset and amortized over its
estimated useful life. SFAS No 141(R) is applicable to business combinations on
a prospective basis beginning in the first quarter of 2009. We did not complete
any business combinations in the first quarter of 2009.





7


In
February 2008, the FASB issued FSP 157-2, “Effective Date of FASB Statement
No. 157” (FSP 157-2), which delayed the effective date of SFAS
No. 157, “Fair Value Measurements” (SFAS No. 157) for all
non-financial assets and non-financial liabilities, except for items that are
recognized or disclosed at fair value in the financial statements on a recurring
basis (at least annually), until the beginning of the first quarter of 2009.
Therefore, in the first quarter of 2009, we adopted SFAS No. 157 for
non-financial assets and non-financial liabilities. The adoption of SFAS
No. 157 for non-financial assets and non-financial liabilities that are not
measured and recorded at fair value on a recurring basis did not have a
significant impact on our consolidated financial statements.





Recent
Accounting Pronouncements





We do not
expect the adoption of recently issued accounting pronouncements to have a
significant impact on our results of operations, financial position or cash
flow.





For
the Three Months Ended March 31, 2010 and March 31, 2009





The
following table sets forth certain data derived from the unaudited consolidated
statements of operations, expressed as a percentage of net revenues for each of
the three month periods ended March 31, 2010 and March 31,
2009.





Three Months ended March
      31,2010
                              
                              2009Percentage
      of net revenues:Net
      revenues
                              
                              
                              100%
                              
                              
                              100%Cost
      of revenues
                              
                              
                              93.6%
                              
                              
                              93.5%Gross
      profit
                              
                              
                              6.4%
                              
                              
                              6.5%Sales,
      general and administrative expenses
                              
                              
                              4.1%
                              
                              
                              3.6%Other
      operating expenses
                              
                              
                              1.0%
                              
                              
                              2.9%Total
      operating expenses
                              
                              
                              5.1%
                              
                              
                              6.5%Profit
      (loss) from operations
                              
                              
                              1.4%
                              
                              
                              (0.0%)




Revenues


Revenue
for the three month period ended March 31, 2010 were $3,553,743 a decrease of
$1,248,178 or 35% as compared to revenues for the three month period ended March
31, 2009 of $4,801,921. The decrease in revenue was a result of a decrease in
the number of vehicles we sold in the three month period in 2010 over 2009.
Specifically, in the three month period ended March 31, 2010 we sold 209
vehicles at an average sales price of $17,004 as compared to 367 vehicles at an
average sales price of $13,084 during the comparable period in
2009.





8


Cost
of Sales and Gross Profit Margin


The
Company's cost of sales is composed primarily of the cost of purchasing vehicles
for resale. Cost of revenues was $3,325,772 or 93.6% of net revenues during the
three month period ended March 31, 2010 as compared to $4,490,821 or 93.5% for
the comparable period in 2009, a decrease of $1,165,049 or 25.9%. Thus, our
gross margin was 6.4% for the three month period ended March 31, 2010 as
compared to 6.5% for the comparable period in 2009. The decrease in our cost of
revenue as a percent of revenue is attributable to a decrease in the cost of the
vehicles sold during the three month period ended March 31, 2010 as compared to
the comparable period in 2009.




Operating Expenses


Our
operating expenses are comprised primarily of salaries, consulting fees and
sales, general and administrative expenses.




Sale,
General and Administrative


Sale,
general and administrative (“SGA”) expenses are composed principally of
commission, salaries of administrative personnel, fees for professional services
and facilities expenses. These expenses were $144,402 for the three month period
ended March 31, 2010 or 4.1% of net revenue as compared to $170,655 or 3.6% of
net revenue for the comparable period in 2009, a decrease in such expenses of
$26,253 or 15.4% The decrease in the ratio of SGA expenses to net revenue was
primarily due to a decrease in operating expenses.


Other
Expenses


Our
combined expenses for officers salaries and interest was $32,238 for the three
month period ended March 31, 2010 or 1.0% of net revenue compared to the
comparable period in 2009 when such expenses were $140,533 or 2.9% of net
revenue. The decrease in such expenses is attributable to decreased officers’
salaries in 2010 as well as a decrease in interest expense. The following table
shows the changes in the components of these expenses during the comparable
periods.





Three Month
                    Period Ended
                    March
      31, 2010
                  
                  
                  Three Month
                    Period Ended
                    March
      31, 2009
                  
                  
                  Change
                  
                  
                  Percent ChangeOfficers
      Salaries
                  
                  $
                  -
                  
                  
                  $
                  79,756
                  
                  
                  $
                  (79,756
                  )
                  
                  
                  (100.0
                  )%Interest
      Expense
                  
                  $
                  32,238
                  
                  
                  $
                  60,777
                  
                  
                  $
                  (28,539
                  )
                  
                  
                  (47.0
                  )%




Operating
Gain (Loss)


Operating
gain or loss is calculated as our revenues less all of our operating expenses.
Our operating gain for the three month period ended March 31, 2010 was $42,987
or (1.2%) of net revenue as compared to an operating (loss) of ($4,338) or
(0.1%) of net revenue for comparable period in 2009, an increase of $47,325.
This increase in operating income was primarily as a result of a decrease in
gross revenues which was less  than the decrease of operating
expense.





9


ITEM
3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK




As of
March 31, 2010, we had cash and cash equivalents of $206,369 invested in
standard bank checking accounts and highly liquid money market instruments. Such
investments are subject to interest rate and credit risk. Such risks and a
change in market interest rates would not be expected to have a material impact
on our financial condition and/or results of operations. As of March 31, 2010,
we had an outstanding balance of $250,650 on our revolving credit facility with
Manheim Auto Financial Services, Inc. Borrowings under such revolving credit
facility would bear interest at a variable rate equal to prime plus 2.0%. In
addition, as of March 31, 2010, we had an outstanding balance of $100,000 on a
bank revolving credit facility which bears interest at a variable rate equal to
prime plus 1.0%.




ITEM
4. CONTROLS AND PROCEDURES




(a)
Evaluation of Disclosure Controls and Procedures





As of the
end of the period covered by this Quarterly Report on Form 10-Q, we conducted an
evaluation, under the supervision and with the participation of our management,
including our Chief Executive Officer (“CEO”)  of our disclosure
controls and procedures (as defined in Rules13a-15(e) and 15d-15(e) under the
Exchange Act). Based on this evaluation, the CEO concluded that our disclosure
controls and procedures were not effective as of March 31, 2009 due to a lack of
segregation of duties and an over reliance on consultants in the accounting and
financial reporting process.




(b)
Changes in Internal Controls Over Financial Reporting





There
were no changes that occurred during the quarter covered by this Quarterly
Report on Form 10-Q that have materially affected, or are reasonably likely to
materially affect, the Company’s internal control over financial
reporting.




PART
II – OTHER INFORMATION





ITEM
1. LEGAL PROCEEDINGS





We are
currently not involved in any litigation that we believe could have a material
adverse effect on our financial condition or results of operations. There is no
action, suit, proceeding, inquiry or investigation before or by any court,
public board, government agency, self-regulatory organization or body pending
or, to the knowledge of the executive officers of our company or any of our
subsidiaries, threatened against or affecting our company, our common stock, any
of our subsidiaries or of our companies or our subsidiaries’ officers or
directors in their capacities as such, in which an adverse decision could have a
material adverse effect.





ITEM
1A. RISK FACTORS





Not
required for smaller reporting companies.





ITEM
2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS





None





10


ITEM 3. DEFAULTS
UPON SENIOR SECURITIES





None




ITEM
4. REMOVED AND RESERVED




None





ITEM
5. OTHER INFORMATION




None





ITEM
6. EXHIBITS




31.1
            Rule 13a-14(a)/15d-14(a)
      Certification of Chief Executive Officer and Principal Accounting
      Officer


32.1
            Section
      1350 Certifications of Chief Executive Officer and Principal Accounting
      Officer










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 thereunto
duly authorized.




NORTHEAST AUTOMOTIVE HOLDINGS,
      INC.Date:
      May 18, 2010
                By:
                /s/ William
      SolkoWilliam
      Solko, Chief Executive Officer





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