U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-QSB

(Mark One)

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED
SEPTEMBER 30, 2001

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM
______________ TO ______________

COMMISSION FILE NUMBER: 000-26051

BEAR AEROSPACE, INC.
(Exact name of registrant as specified in its charter)

THEINTERNETCORP.NET, INC.
101 COLOMBARD COURT, STE 240, PONTE VEDRA, FLORIDA 32082
(Former name or former address, if changed since last report)

Nevada 88-0424430
(State or jurisdiction of incorporation (I.R.S. Employer
or organization) Identification No.)

23401 Park Sorrento, Suite 18, Calabasas, California 91302
(Address of principal executive offices) (Zip Code)

Registrant's telephone number: (818) 225-0077

Securities registered pursuant to Section 12(b) of the Act: None

Securities registered pursuant to Section 12(g) of the Act: Common
Stock, $0.001 Par Value

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) been subject to such filing requirements for the
past 90 days. Yes X No .

As of September 30, 2001, the Registrant had 109,666,667 shares
of common stock issued and outstanding.

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

TABLE OF CONTENTS

PART I - FINANCIAL INFORMATION PAGE

ITEM 1. FINANCIAL STATEMENTS

CONSOLIDATED BALANCE SHEET AS OF SEPTEMBER 30, 2001 3

CONSOLIDATED STATEMENTS OF OPERATIONS
FOR THE THREE MONTHS AND SIX MONTHS ENDED
SEPTEMBER 30, 2001 AND 2000 4

CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE SIX MONTHS ENDED
SEPTEMBER 30, 2001 AND 2000 5

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 6

PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS 6

ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS 7

ITEM 3. DEFAULTS UPON SENIOR SECURITIES 7

ITEM 4. SUBMISSION OF MATTERS TO A VOTE
OF SECURITY HOLDERS 7

ITEM 5. OTHER INFORMATION 7

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K 7

SIGNATURE 7

PART I - FINANCIAL INFORMATION

ITEM 1. FINANCAL STATEMENTS.

Bear Aerospace, Inc.
Pro Forma Consolidated Balance Sheet
Sept 30, 2001
(unaudited)

Bear Aerospace, Inc.
TheInternet Bear Pro Forma Combined
Corp.net, Inc. Aerospace,Inc. Adjustment Pro Forma

Assets:

Current Assets
Cash $ 624 $ 1,155 $ $ 1,779
Inventory 0 497,976 497,976
Accounts Receivable 0 213,447 213,447
Property and Equipment, Net $ 0 $ 80,000 80,000
Total Current Assets $ 624 $ 792,578 793,202

Organizational costs, net 0
Total Assets $ 624 $ 792,578 $ 793,202

Liabilities And Shareholders Equity:

Current Liabilities
Accounts Payable $ 0 $ 512,590 $ $ 512,590
Total Current Liabilities 0 $ 512,590 512,590

Shareholders' Equity:
Common Stock 13,160 2,278 15,428
Additional Paid-In Capital 229,998 447,694 677,692
Accumulated Deficit (245,372) (169,985) (415,357)
Total Shareholders' Equity $ 624 $ 279,988 280,612
Total Liabilities and
Shareholders' Equity $ 624 $ 792,578 $ $ 793,202

See accompanying notes to financial statement.

Bear Aerospace, Inc.
Pro Forma Consolidated Statement of Operations
Sept 30, 2001
(unaudited)

Bear Aerospace, Inc.
TheInternet Bear Pro Forma Combined
Corp.net, Inc. Aerospace,Inc. Adjustment Pro Forma

Sales $ 0 $ 0 $ $ 0
Cost of Sales 0 0 0
Gross Profit 0 0 0

Operating Expenses 823 75,224 76,047

Interest Income 27 0 17

Net Loss $ (795) $ (75,224) $ $ (76,019)

Net Loss Per Share $ Nil $ (50.15) $ $

Weighted Average Shares
Outstanding 13,160,000 1500 96,506,667 109,666,667

See accompanying notes to financial statements

Bear Aerospace, Inc.
Pro Forma Consolidated Statement of Cash Flows
Sept 30, 2001
(unaudited)

Bear Aerospace, Inc.
TheInternet Bear Pro Forma Combined
Corp.net, Inc. Aerospace,Inc. Adjustment Pro Forma

Cash Flows from
Operating Activities
Net Income (Loss) $ 5,263 $ (75,224) $ $ (69,961)
Depreciation and
Amortization 0 0
Increase in accounts
Receivable (213,447) (213,447)
Increase in inventory (485,700) (485,700)
Increase in property
and equip., Net (80,000) (80,000)
Increase in accounts
payable 448,720 448,720
Increase in accrued
Liabilities 0 0
Net Cash Used in Operations $ (255,915) $ (405,651) $ 261,178 $(400,388)

Cash Flows from Investing
Activities
Purchase of Note Receivable (50,000)
Organizational Costs 235
Net Cash Used in Investing $ (49,765) $ $ $ (49,765)

Cash Flows from
Financing Activities
Issuance of Common Stock 300,235 400,515

Net Cash Provided by Financing 300,235 $ 400,515 $ 700,750

Net Increase in Cash $ 624 $ (5,135) $ (4,511)

Cash, April 29, 1999
(TheInternetCorp.net, Inc.) $ 0 -

Cash October 27, 1998
(Bear Aerospace, Inc.) - $ 37,446

Cash Sept 30, 2001 $ 624 $ 1,155

See accompanying notes to financial statements

NOTES TO UNAUDITED PRO FORMA
CONSOLIDATED FINANCIAL STATEMENTS

NOTE 1. BASIS OF PRESENTATION.

The accompanying pro forma unaudited condensed financial statements
("pro forma statements") of TheInternetCorp.net, Inc. have been
prepared from the audited financial statements of
TheInternetCorp.net, Inc. and Bear Aerospace, Inc., together with
other information made available to the companies. In the opinion of
management, these pro forma statements include all adjustments
necessary for a fair presentation.

NOTE 2. PRO FORMA ASSUMPTIONS.

The pro forma unaudited condensed balance sheet gives effect to an
acquisition completed July 17, 2001 between TheInternetCorp.net, Inc.
and Bear Aerospace, Inc.. Under the terms of this agreement,
TheInternetCorp.net, Inc. issued 96,506,667 shares of common stock,
$.001 par value, to the existing shareholders of Bear Aerospace, Inc.
for 1500 shares of common stock of Bear Aerospace, Inc., no par
value. In addition to the 13,160,000 common shares of
TheInternetCorp.net, Inc. outstanding prior to the effective date of
the acquisition agreement, the company will have 109,666,667 shares
issued and outstanding.

The pro forma unaudited consolidated condensed balance sheet is
compiled as if the transaction had occurred on June 30, 2001. The pro
forma condensed consolidated statements of income and cash flows for
the period ended on Sept 30, 2001 also give effect as if the
acquisition had occurred on April 29, 1999 (inception date).

NOTE 3. PER SHARE INFORMATION.

Pro forma net income (loss) per common share have been calculated
using the weighted average number of TheInternetCorp.net, Inc.'s
common shares outstanding during the period ended Sept 30, 2001 plus
the common shares to be issued under the acquisition agreement as if
the additional shares were outstanding throughout the period.

NOTE 4. ACQUISITION ACCOUNTING METHOD.

The pro forma statements have been compiled using the purchase method
as the accounting principle applied to the acquisition agreement.

NOTE 5. YEAR END.

The year-end of Bear Aerospace, Inc. is the calendar year ending on
December 31.

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS.

Other than as set forth below, the Registrant is not a party to
any material pending legal proceedings and, to the best of its
knowledge, no such action by or against the Registrant has been threatened.

ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS.

Sales of Unregistered Securities.

The Registrant had no sales of unregistered securities during
the nine-month period ending September 30, 2001.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

Not Applicable.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

There were not any matters submitted to security holders
requiring a vote during the nine-month period ending September 30, 2001.

ITEM 5. OTHER INFORMATION.

None.

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K.

(a) Reports on Form 8-K. No reports on Form 8-K were filed
during the three month period covered this Form 10-QSB.

(b) Exhibits. Exhibits included or incorporated by reference herein: See
Exhibit Index.

SIGNATURE

Pursuant to the requirements of Section 13 or 15(d) 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.

Bear Aerospace, Inc.

Dated: October 25, 2001 By: /s/ Skip Holm
Skip Holm, President

EXHIBIT INDEX

Exhibit Description
No.

2 Exchange Agreement and Plan of Reorganization (incorporated
by reference to in the Form 8-K filed on July 13, 2001).

3.1 Articles of Incorporation (incorporated by reference to Exhibit
3.1 to the Registration Statement on Form 10-SB/A filed on May
28, 1999).

3.2 Amendment to the Articles of Incorporation for
Theinternetcorp.net, Inc. (incorporated by reference to in the
Form 8-K filed on July 13, 2001).

3.3 Amendment to the Articles of Incorporation for
Theinternetcorp.net, Inc. (incorporated by reference to in the
Form 8-K filed on July 13, 2001).