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



                                 Form 10-QSB/A-1
                  Quarterly Report Under Section 13 or 15(d) of
                       the Securities Exchange Act of 1934



                For the Quarterly Period Ended October 31, 2001

                          Commission File No. 0-14234



                         KINGS ROAD ENTERTAINMENT, INC.
                 (Name of small business issuer in its charter)


         Delaware                                                  95-3587522
(State or other jurisdiction                                   (I.R.S. Employer
       of incorporation)                                     Identification No.)


                   5743 NW 66th Ave., Parkland, FL 33067-1330
                     (Address of principal executive office)

                    Issuer's telephone number: (212) 709-8111



 Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 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 [  ]


     As of December 14, 2001, the Registrant had 3,664,390 shares of its common
stock outstanding.


     Transitional Small Business Disclosure Format: YES [X] NO [X]


                                       1
<PAGE>
PART I - FINANCIAL INFORMATION

Item 1 - Financial Statements

                 KINGS ROAD ENTERTAINMENT, INC. AND SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEET
                                   (UNAUDITED)

<TABLE>
<CAPTION>

                                                                                                  AS OF
                                                                                              OCT. 31, 2001
                                                                                          ----------------------
                                                                                                (Restated)
     <S>                                                                                  <C>
     CURRENT ASSETS
        Cash                                                                                          $   67,141
        Accounts Receivable                                                                              101,599
        Prepaid expenses                                                                                  25,021
                                                                                             -------------------
            Total Current Assets                                                                         193,761
                                                                                             -------------------
     FIXED ASSETS, NET                                                                                     1,848
                                                                                             -------------------
     OTHER ASSETS
        Film Development Costs, net                                                                      146,923
      Other Assets                                                                                           148
        Advance to shareholder                                                                            28,000
                                                                                             -------------------
            Total Other Assets                                                                           175,071
                                                                                             -------------------
     TOTAL ASSETS                                                                                     $  370,680
                                                                                                     ===========

     LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

     CURRENT LIABILITIES
        Accounts Payable                                                                              $  256,289
        Note Payable                                                                                      19,000
        Related Party Payable                                                                             47,374
        Accrued Expenses                                                                                 145,117
        Deferred Revenue                                                                                   2,300
                                                                                             -------------------
            Total Current Liabilities                                                                    470,080
                                                                                             -------------------
     TOTAL LIABILITIES                                                                                   470,080
                                                                                             -------------------
     COMMITMENTS AND CONTINGENCIES

     STOCKHOLDERS' EQUITY
        Common Stock, $.01 par value, 12,000,000 shares
           authorized, 3,664,390 shares issued and outstanding                                            36,644
        Additional Paid-In Capital                                                                    24,906,655
        Deficit                                                                                     (25,042,699)
                                                                                             -------------------
          TOTAL STOCKHOLDERS' EQUITY (DEFICIT)                                                          (99,400)
                                                                                             -------------------
     TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)                                             $  370,680
                                                                                                     ===========

 The accompanying notes are an integral part of these consolidated financial statements.
</TABLE>

                                       2
<PAGE>

                 KINGS ROAD ENTERTAINMENT, INC. AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (UNAUDITED)

<TABLE>
<CAPTION>


                                                               THREE MONTHS                          SIX MONTHS
                                                              ENDED OCT. 31,                       ENDED OCT. 31,
                                                          2001             2000               2001             2000

                                                     ---------------------------------   ---------------------------------
                                                       (Restated)                          (Restated)
<S>                                                  <C>                    <C>          <C>                    <C>
REVENUES
  Feature Films                                            $  61,962        $ 278,701          $ 224,654        $ 971,266
  Theatrical Admissions                                            -           11,295                  -           11,295
                                                     ---------------------------------   ---------------------------------
                                                              61,962          289,996            224,654          982,561

COSTS AND EXPENSES
  Costs Related to Revenue                                         -           40,498                  -          266,191
  Selling Expenses                                             5,500                -             11,034           35,585
  General & Administrative Expenses                          172,627          168,282            489,732          324,931
                                                     ---------------------------------   ---------------------------------
                                                             178,127          208,780            500,766          626,707
                                                     ---------------------------------   ---------------------------------
  OPERATING (LOSS)/PROFIT                                  (116,165)           81,216           (276,112)         355,854


OTHER INCOME/(EXPENSE)
  Other Income                                                     -                -              2,484               -
  Interest Expense                                             (339)            (566)              (678)            (566)
  Interest Income                                                  -            1,890                 38            7,668
  Gain From Cancellation of Indebtedness                           -          126,313                  -          126,313
                                                     ---------------------------------   ---------------------------------
                                                               (339)          127,637              1,844          133,415
                                                     ---------------------------------   ---------------------------------
  (LOSS)/INCOME BEFORE DISCONTINUED
  OPERATIONS AND INCOME TAXES                              (116,504)          208,853          (274,268)          489,269

Loss from Discontinued Operations                             23,416          105,966             71,447          105,966
                                                     ---------------------------------   ---------------------------------
  (LOSS) INCOME BEFORE INCOME TAXES                        (139,920)          102,887          (345,715)          383,303

Provision for Income Taxes                                         -                -                  -            1,600
                                                     ---------------------------------   ----------------------------------
  NET (LOSS)/INCOME                                      $ (139,920)        $ 102,887        $ (345,715)        $ 381,703
                                                          ==========       ==========         ==========       ==========

  Net (Loss)/Income Per Share - Basic
  And Diluted                                             $   (0.04)         $   0.03         $   (0.09)         $   0.11
                                                          ==========       ==========         ==========       ==========

  Weighted Average Number of Common
  Shares - Basic and Diluted                               3,664,390        3,487,390          3,664,390        3,487,390
                                                          ==========       ==========         ==========       ==========



 The accompanying notes are an integral part of these consolidated financial statements.
</TABLE>

                                       3
<PAGE>
                 KINGS ROAD ENTERTAINMENT, INC. AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)


<TABLE>
<CAPTION>

                                                                                     FOR THE SIX MONTHS
                                                                                      ENDED OCTOBER 31,
                                                                                   2001                2000
                                                                             --------------------------------------
                                                                                   (Restated)
<S>                                                                          <C>                        <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
     Net (Loss)/Income                                                             $ (345,715)          $  381,703
     Adjustments to reconcile Net (Loss)/Income to Net Cash
     Provided by Operating Activities:
          Depreciation and Amortization                                                    715              59,785
          Impairment of Goodwill                                                        67,965                   -
          Gain from Cancellation of Indebtedness                                             -           (126,313)
     Changes in Assets and Liabilities:
          Decrease/(Increase) in Accounts Receivable                                   118,677           (177,328)
          Decrease/(Increase) in Inventory                                              34,071           (203,607)
          Decrease/(Increase) in Prepaid Expenses                                       74,652           (348,554)
          Increase in Security Deposits                                                      -            (28,384)
          Increase in Other Assets                                                           -               (446)
          Increase (Decrease) in Accounts Payable                                      (4,882)             464,994
          Decrease in Accrued Expenses                                                  87,644                   -
          Decrease in Deferred Revenue                                                       -             (1,062)
                                                                             --------------------------------------
     NET CASH PROVIDED BY OPERATING ACTIVITIES                                          33,127              20,788

CASH FLOWS FROM INVESTING ACTIVITIES:
     Purchases of Other Investments                                                          -            (51,000)
     Additions to Film Development Costs                                              (20,606)                   -
     Theater Production Costs                                                                -            (43,165)
     Disposal of Fixed Assets                                                                -               4,058
                                                                             --------------------------------------
     NET CASH USED IN INVESTING ACTIVITIES                                            (20,606)            (90,107)

CASH FLOWS FROM FINANCING ACTIVITIES:
     Issuance of Note                                                                        -              39,000
                                                                             --------------------------------------
     NET CASH PROVIDED BY FINANCING ACTIVITIES                                               -              39,000
                                                                             --------------------------------------
NET INCREASE/(DECREASE) IN CASH AND
CASH EQUIVALENTS                                                                        12,521            (30,319)

CASH AT BEGINNING OF PERIOD                                                             54,620              85,159
                                                                             --------------------------------------
CASH AT END OF PERIOD                                                               $   67,141          $   54,840
                                                                                   ===========         ===========


 The accompanying notes are an integral part of these consolidated financial statements.
</TABLE>

                                       4
<PAGE>

                 KINGS ROAD ENTERTAINMENT, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS



NOTE A - BASIS OF PRESENTATION

The accompanying unaudited consolidated financial statements have been prepared
in accordance with generally accepted accounting principles for interim
financial statements. Accordingly, they do not include all of the information
and disclosures required for annual financial statements. These financial
statements should be read in conjunction with the financial statements and
related footnotes for the year ended April 30, 2001 included in the Kings Road
Entertainment, Inc. ("Company" or "Registrant") annual report on Form 10-KSB for
that period.

In the opinion of the Company's management, all adjustments (consisting of
normal recurring accruals) necessary to present fairly the Company's financial
position at October 31, 2001 and the results of its operations and cash flows
for the six month periods ended October 31, 2001 and 2000 have been included.

The results of operations for the three month period ended October 31, 2001 are
not necessarily indicative of the results to be expected for the full fiscal
year ended April 30, 2002. For further information, refer to the financial
statements and footnotes thereto included in the Company's annual report on Form
10-KSB for the year ended April 30, 2001.

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 disclosure of
contingent assets and liabilities at the date of the financial statements and
the reported amounts of revenues and expenses during the reporting periods.
Actual results could differ from those estimates.

Certain amounts for the three and six month periods ended October 31, 2000 have
been reclassified to conform to the presentation of the October 31, 2001
amounts. The reclassifications have no effect on reported net income.


NOTE B - FILM COSTS

Film costs consist of film projects actively in development at October 31, 2001.


NOTE C - NOTES PAYABLE

In connection with the acquisition of Animal Town, Inc. ("Animal Town") on
August 31, 2000, the Company issued a note to the seller of the common stock of
Animal Town in the principal amount of $39,000, bearing interest at 7% per annum
with an initial maturity date of November 30, 2000. The outstanding balance of
the note at October 31, 2001 was $20,470 consisting of principal of $19,000 plus
accrued and unpaid interest of $1,470. The parties have agreed to extension of
the maturity date of the note to November 30, 2001.

                                       5
<PAGE>
                 KINGS ROAD ENTERTAINMENT, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE D - INCOME TAXES

A reconciliation of the provision for income taxes to the expected income tax
expense at the statutory federal tax rate of 34% is as follows:

<TABLE>
<CAPTION>

                                                                  Six Months Ended          Six Months Ended
                                                                   Oct. 31, 2001              Oct. 31, 2000
                                                                   -------------              -------------
           <S>                                                     <C>                        <C>
           Computed Expected Tax at Statutory Rate                    $(117,543)               $ 129,7811
           State and Local Taxes                                              -                     1,600
           Valuation Allowance                                          117,543                  (129,781)
                                                                   -------------               ------------
                                                                      $       -                $    1,600
                                                                   =============               ============
</TABLE>

For federal income tax purposes, the Company has available net operating loss
carryforwards to offset current and future income tax liabilities.


NOTE E - LITIGATION AND CONTINGENCIES

In the ordinary course of business, the Company has or may become involved in
disputes or litigation. On the basis of information available to it, management
believes such contingencies will not have a materially adverse effect on the
Company's financial position or results of operations.

NOTE F - DISCONTINUED OPERATIONS

During the three months ended October 31, 2001, the Company elected to cease all
operations pertaining to its Animal Town subsidiary. Subsequent to its purchase
by the Company, Animal Town's operations proved to be unprofitable and the
Company was unable to determine a reasonable scenario under which Animal Town
could become a profitable entity. Therefore, as of October 31, 2000, Animal
Town's operations have been classified as discontinued and have been segregated
from the Company's viable operations. At the date of discontinuance, Animal Town
had assets totaling $34,584 and liabilities of $57,329.


                                       6
<PAGE>
                 KINGS ROAD ENTERTAINMENT, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS



NOTE F - DISCONTINUED OPERATIONS (CONTINUED)

The following is a summary of the loss from discontinued operations resulting
from the elimination of the operations of Animal Town and the Play. The
financial statements have been retroactively stated to reflect this event. No
tax benefit has been attributed to the discontinued operations.

<TABLE>
<CAPTION>

                                                               THREE MONTHS                          SIX MONTHS
                                                              ENDED OCT. 31,                       ENDED OCT. 31,
                                                          2001             2000               2001             2000

                                                     ---------------------------------   ---------------------------------
<S>                                                  <C>                    <C>          <C>                    <C>
REVENUES
   Catalog Sales                                           $  22,349        $  92,750          $  59,292        $  92,750
                                                     ---------------------------------   ---------------------------------
                                                              22,349           92,750             59,292           92,750

COSTS AND EXPENSES
  Costs Related to Revenue                                     9,685          124,718             39,537          124,718
  General & Administrative Expenses                           36,080           73,998             91,202           73,998
                                                     ---------------------------------   ---------------------------------
                                                              45,765          198,716            130,739          198,716
                                                     ---------------------------------   ---------------------------------
  NET LOSS FROM DISCONTINUED
  OPERATIONS                                              $ (23,416)      $ (105,966)       $    (71,447)       $(105,966)
                                                          ==========       ==========         ==========       ==========

</TABLE>

NOTE G - CORRECTION OF ERROR

Subsequent to the original issuance of the October 31, 2001 consolidated
financial statements, the Company determined that revenue was not properly
recognized along with associated costs primarily related to residual
obligations. The Company also incorrectly accounted for the consolidation of a
subsidiary. Correction of these errors had the following effect on the
previously reported Assets, Liabilities and Net Loss as of and for the six
months ended October 31, 2001 and has an equal understatement of the retained
deficit as of October 31, 2001.


                                       7
<PAGE>
                 KINGS ROAD ENTERTAINMENT, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


NOTE G - CORRECTION OF ERROR (CONTINUED)

<TABLE>
<CAPTION>

                                                         Originally                  As
                                                          Reported              Restated          Difference
                                                    -------------------    ------------------  -----------------
               <S>                                  <C>                    <C>                 <C>
               Cash                                 $          66,998      $      67,141       $         143  (2)
               Accounts receivable                                  -            101,599             101,599  (1)
               Prepaid expenses                                     -             25,021              25,021  (2)
               Other assets                                         -                148                 148  (2)
               Advance to shareholder                               -             28,000              28,000  (2)
               Accounts payable                               262,804            256,289              (7,840) (1)
                                                                                                       1,325  (2)
               Accrued expenses                                19,433            145,117             124,584  (1)
                                                                                                       1,100  (2)
               Related party payable                                -             47,374              47,374  (2)
               Reserve for discontinued
                 operations                                    50,000                  -              50,000  (3)
               Accumulated deficit                         25,048,079         25,042,699             (15,183) (1)
                                                                                                       9,803  (2)
               Net loss                                      (244,641)          (345,715)            126,053  (1)
                                                                                                      21,508  (2)
                                                                                                     (50,000) (3)
               Loss per share                       $           (0.07)     $       (0.10)      $       (0.03) (4)
</TABLE>

     (1)  Relates to the proper recognition of revenue and related receivables
          along with costs associated with related residual obligations for the
          year ended April 30, 2001 and the six months ended October 31, 2001.

     (2)  Relates to the proper consolidation of the Company's subsidiary, Kings
          Road Productions (Europe) GmbH.

     (3)  Relates to the proper accounting for discontinued operations.

     (4)  Loss per share increased by $0.03 per share.


                                       8
<PAGE>
Item 2   - Management's Discussion and Analysis of Financial Position and
           Results of Operations

Recent Developments

     Subsequent to the fiscal year ended April 30, 1995, the Company has not
produced any new films and has derived its film revenues almost exclusively from
the exploitation of films produced in prior years. The Company continues to fund
and develop motion picture projects, with the intention of either producing the
motion picture, establishing a partnership or joint venture with another film
production company to develop and/or produce the project or an outright sale of
the project.

     On August 31, 2000, the Company completed the acquisition of the common
stock of Animal Town, Inc. ("Animal Town"), a privately-held direct mail order
catalogue company that markets children's toys, games, crafts and books
specializing in cooperative play and development, animal protection and
environmental awareness. The Company acquired all of the outstanding common
stock of Animal Town in exchange for a combination of approximately $12,000 in
cash, a note payable in the amount of $39,000 to the seller of the common stock
and the issuance of 77,000 shares of the Company's common stock, the exact
number of shares determined based upon a debt-for-equity exchange offer made to
then existing Animal Town creditors that commenced on September 29, 2000 and was
concluded on January 29, 2001. Due to recurring operating losses since the
Company's acquisition of Animal Town and current market conditions, the Company
has discontinued the operations of Animal Town.

Results of Operations

The Three Months Ended October 31, 2001 vs. the Three Months Ended October 31,
2000

     For the quarter ended October 31, 2001, feature film revenues were $61,962
as compared to $278,701 for the quarter ended October 31, 2000. The decrease of
$212,120 results primarily from lower overall royalties on the Company's feature
film library. The Company also has $11,295 of revenue from Theatrical admissions
for the three months ended October 31, 2000 and $-0- for the three months ended
October 31, 2001.

     Costs and expenses decreased to $178,127 for the quarter ended October 31,
2001 as compared to $208,780 during the quarter ended October 31, 2000. This
decrease of $30,653 results primarily from lower film cost amortization (the
Company has fully amortized the costs related to its film library) partially
offset by increased salaries and professional fees expenses.

     During the quarter ended October 31, 2000, the Company recorded a gain of
$126,313 from the cancellation of certain indebtedness relating to the Company's
investment in Immediate Entertainment Group ("Immediate").

     The Company's loss from discontinued operations, principally Animal Town,
decreased to $23,416 during the quarter ended October 31, 2001 as compared to
$105,966 during the quarter ended October 31, 2000. This decrease results
primarily from the significantly reduced operations of Animal Town during the
quarter ended October 31, 2001 as compared to the same period last year.


                                       9
<PAGE>
     The Company had a net loss of $139,920 for the quarter ended October 31,
2001 compared to net income of $102,887 for the quarter ended October 31, 2000.
This decrease in net income resulted primarily from the gain of $126,313 from
the cancellation of certain indebtedness relating to the Company's investment in
Immediate during the quarter ended October 31, 2000. During the quarters ended
October 31, 2001 and 2000, the Company had no provision for income taxes.

The Six Months Ended October 31, 2001 vs. the Six Months Ended October 31, 2000

     For the six months ended October 31, 2001, feature film revenues were
$224,654 as compared to $971,266 for the six months ended October 31, 2000. The
decrease of increase of $746,612 principally related to (i) the sale of the
Company's rights to "Ticker", a feature film project that had been developed by
the Company during the six months ended October 31, 2000 and (ii) decreased
domestic and foreign distribution revenues from feature films in the Company's
film library during the six months ended October 31, 2001. The Company also has
$11,295 of revenue from Theatrical admissions for the six months ended October
31, 2000 and $-0- for the six months ended October 31, 2001.

     Costs related to revenue were $0 for the six months ended October 31, 2001
as compared to $266,191 during the six months ended October 31, 2000 reflecting
the full amortization of costs associated with the Company film library. Selling
expenses decreased to $11,034 during the six months ended October 31, 2001 as
compared to $35,585 during the six months ended October 31, 2000 reflecting the
significant decrease in the Company's revenues. General and administrative costs
increased to $489,732 for the six months ended October 31, 2001 from $324,931
for the six months ended October 31, 2000. The increase resulted principally
from increased professional fees partially offset by decreased salaries and
insurance expenses.

     Interest income decreased significantly to $38 for the six months ended
October 31, 2001 versus $7,668 for the six months ended October 31, 2000
reflecting a decrease in cash and cash equivalents held during the respective
periods.

     During the six months ended October 31, 2001, the Company recorded an
expense of $67,965 related to the impairment of goodwill in connection with the
Company's acquisition of Animal Town. During the six months ended October 31,
2000, the Company recorded a gain of $126,313 from the cancellation of certain
indebtedness relating to the Company's investment in Immediate Entertainment
Group ("Immediate").

     The Company's loss from discontinued operations, decreased to $71,447
during the six months ended October 31, 2001 as compared to $105,966 during the
quarter ended October 31, 2000. This decrease results primarily from the
significantly reduced operations of Animal Town during the six months ended
October 31, 2001 as compared to the same period last year.

     The Company had a net loss of $345,715 for the six months ended October 31,
2001 as compared to net income of $381,703 for the six months ended October 31,
2000. The decrease in net income resulted primarily from (i) significantly
decreased revenues during the six months ended October 31, 2001, as discussed
above, (ii) the expense of $67,965 related to the impairment of good will in
connection with the Company's acquisition of Animal Town and (iii) a gain from
the cancellation of certain indebtedness relating to the Immediate transaction
during the six months ended October 31, 2000, for which there was no comparable
gain during the six months ended October 31, 2001. During the six months ended
October 31, 2001 and 2000, the Company had no significant provision for income
taxes.

                                       10
<PAGE>
Liquidity and Capital Resources

     The Company's principal source of working capital during the three and six
month periods ended October 31, 2001 was motion picture royalty income. The
Company continues to invest in the development of motion picture projects, the
production of which would require significant capital. In the event that the
Company decides to invest in the production of one or more of its projects, the
Company will need to examine and evaluate the additional capital required to
undertake such activities. The Company presently does not have sufficient
capital to pursue such activities. Except for the financing of new film
production costs, the Company believes it has sufficient working capital to
maintain all of its business activities.

     For the six months ended October 31, 2001, the Company's net cash flow
provided by operating activities was $33,127 compared to net cash flow of
$20,788 for the comparable six month prior year period. At October 31, 2001, the
Company had cash of $67,141 as compared to $54,840 at October 31, 2000.

Future Commitments

     The Company does not have any material future commitments.

Forward-Looking Statements

     The foregoing discussion, as well as the other sections of this Quarterly
Report on Form 10-QSB, contains forward-looking statements that reflect the
Company's current views with respect to future events and financial results.
Forward-looking statements usually include the verbs "anticipates," "believes,"
"estimates," "expects," "intends," "plans," "projects," "understands" and other
verbs suggesting uncertainty. The Company reminds shareholders that
forward-looking statements are merely predictions and therefore inherently
subject to uncertainties and other factors which could cause the actual results
to differ materially from the forward-looking statements. Potential factors that
could affect forward-looking statements include, among other things, the
Company's ability to identify, produce and complete film projects that are
successful in the marketplace, to arrange financing, distribution and promotion
for these projects on favorable terms in various markets and to attract and
retain qualified personnel.

Item 3 - Controls and Procedures

     In order to ensure that the information the Company must disclose in its
filings with the Securities and Exchange Commission is recorded, processed,
summarized and reported on a timely basis, the Company has formalized its
disclosure controls and procedures. The Company's principal executive officer
and principal financial officer have reviewed and evaluated the effectiveness of
the Company's disclosure controls and procedures, as defined in Exchange Act
Rules 13a-14(c) and 15d-14(c), as of a date within 90 days prior to the filing
date of this report (the "Evaluation Date"). Based on such evaluation, such
officers have concluded that, as of the Evaluation Date, the Company's
disclosure controls and procedures were effective in timely alerting them to
material information relating to the Company (and its consolidated subsidiaries)
required to be included in the Company's periodic SEC filings. Since the
Evaluation Date, there have not been any significant changes in the internal
controls of the Company, or in other factors that could significantly affect
these controls subsequent to the Evaluation Date.


                                       12
<PAGE>
PART II - OTHER INFORMATION

Item 1 - Legal Proceedings

     Kelrom Agency, Inc. v. Kings Road Entertainment Inc., et al.
     ------------------------------------------------------------

     On April 30, 2001, Kelrom Agency, Inc. filed suit against the Company and
KRTR, Inc. with the Civil Court of the City of New York. Case no. (or Index)
013294 CVN 2001, seeking payment of $5,968 related to theater advertising for
the play "End of the World Party." This suit was subsequently settled for the
amount of $ 2,500, released and discharged on November 13, 2002. On February 15,
2003, subsequent to the period covered by this report, a Stipulation of
Discontinuance was filed.

     Sensory Lighting and Sound, Inc. v. Kings Road Entertainment Inc., et al.
     ------------------------------------------------------------------------

     On August 15, 2001, Sensory Lighting and Sound, Inc. filed suit against the
Company and KRTR, Inc. with the Civil Court of the City of New York. case no.
026893 CVN 2001 seeking payment of $14,080 for lighting equipment rental in
connection with the play "End of the World Party." This suit was subsequently
settled for the amount of $ 7,500, released and discharged on December 6, 2002.
On December 16, 2002, subsequent to the period covered by this report, a
Stipulation of Discontinuance was filed.

     Kennetch Kolsbunn v. Kings Road Entertainment, Inc.
     --------------------------------------------------

     On October 10, 2001, Kenneth Kolsbunn filed suit against the Company in
Superior Court of California, County of Sonoma; for collection of a note
payable. A default judgment was entered against the Company on February 26, 2002
to the amount of $24,281.36. On 9 April 2002, the Company entered into a
settlement agreement with Mr. Kolsbunn resolving all claims between the parties.
Under the terms of the settlement, the Company was required to pay Mr. Kolsbunn
$10,000, $5,000 of which was paid on April 18, 2002. The balance was
subsequently paid upon Mr. Kolsbunn satisfying various conditions of the
settlement agreement.

     The Company is not aware of pending claims or assessments, other than as
described above, which may have a material adverse impact on the Company's
financial position or results of operations.

                                       13
<PAGE>
Item 6 - Exhibits and Reports on Form 8-K

     (a) Exhibits (numbered in accordance with Item 601 of Regulation S-B)

          3.1  Restated Certificate of Incorporation of Registrant. (1)

          3.2  Bylaws of Registrant. (2)

          10.1 1998 Stock Option Plan (1)

          21   Subsidiaries of Registrant (3)

          99.1** Section 302 certification by the Chief Executive Officer

          99.2** Section 302 certification by the Chief Financial Officer

          99.3** Section 906 certification
         -------------

          (1)  Incorporated by reference to Form 10-KSB for the fiscal year
               ended April 30, 1998.

          (2)  Incorporated by reference to Form 10-K for the fiscal year ended
               April 30, 1988.

          (3)  Incorporated by reference to Form 10-KSB for the fiscal year
               ended April 30, 2001

          **   Filed Herewith

     (b) Forms 8-K

          None


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<PAGE>
                                   SIGNATURES

         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.

                                                KINGS ROAD ENTERTAINMENT, INC.


Date:  August 14, 2003                          /S/ Geraldine Blecker
                                                -------------------------------
                                                By: Geraldine Blecker
                                                Its:  Chief Executive Officer


Date:  August 13, 2004                          /S/ H. Martin DeFrank
                                                -------------------------------
                                                By: H. Martin DeFrank
                                                Its:  Chief Financial Officer


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