Ok I unplugged everything from it and it is still cycling on and off. I'm guessing something is wrong inside the unit.
Did you do a reset? If not do it. If the unit recycles after that, then it is damaged and probably by the speakers.
Are your speakers, the floor standers, with two bass units and a mid range unit and a tweeter, with crossovers at 120 Hz and 3 kHz?
I can't think of a concept more likely to blow up a cheap receiver.
I bet those speakers are not 6 ohms, and worse with a passive crossover at 120 Hz, a can pretty much assure you of horrid phase angles.
I just don't get anyone coming up with such a daft design concept.
As I have stated on many occasions it is a really bad idea to design a passive crossover below 350 Hz.
The next issue is that speakers are generally used with subs these days. So if you set the sub crossover at 80 Hz, which is typical, then you have two crossover spaced only 40 Hz apart. That is a totally ridiculous state of affairs.
So think if you keep those speakers you will need much more robust amplification. Your other option is to return the speakers and get something more practical.