<Page>

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                                   FORM 10-QSB

/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
                                       or
/ / Transition Report Pursuance to Section 13 or 15(d) of the Securities
    Exchange act of 1934.
                 For the transition period from        to

Commission File Number    0-23782

                      RENAISSANCE ENTERTAINMENT CORPORATION
             (Exact name of registrant as specified in its charter)

                   COLORADO                          84-1094630
       (State or other jurisdiction of               (I.R.S. Employer
        incorporation or organization                Identification No.)

275 CENTURY CIRCLE, SUITE 102, LOUISVILLE, COLORADO          80027
    (Address of principal executive offices)              (Zip Code)

                                 (303) 664-0300
              (Registrant's telephone number, including area code)

                                   ----------
                                (Former Address)

     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.

                                 /X/ Yes / / No

                      APPLICABLE ONLY TO CORPORATE ISSUERS:

As of May 13, 2002, Registrant had 2,144,889 shares of common stock, $.03 Par
Value, outstanding.

<Page>

                                      INDEX

<Table>
<Caption>
                                                                           Page
                                                                          Number
                                                                          ------
<S>                                                                           <C>
PART I.      FINANCIAL INFORMATION

      Item I.     Financial Statements

                  Balance Sheets as of March 31, 2002 (Unaudited)              3
                        and December 31, 2001

                  Statements of Operations for the Three Months
                        Ended March 31, 2002 and 2001
                        (Unaudited)                                            4

                  Statements of Cash Flows for the Three Months
                        Ended March 31, 2002 and 2001
                        (Unaudited)                                            5

                  Notes to Financial Statements                                5

      Item 2.     Management's Discussion and Analysis of
                  Financial Condition and Results of Operations                8

PART II.  OTHER INFORMATION                                                   13
</Table>

                             -----------------------

This report contains forward-looking statements within the meaning of Section
21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the
Securities Act of 1933, as amended, and is subject to the safe harbors created
by those sections. These forward-looking statements are subject to significant
risks and uncertainties, including those identified in the section of this Form
10-QSB entitled "Factors That May Affect Future Operating Results," which may
cause actual results to differ materially from those discussed in such
forward-looking statements. The forward-looking statements within this Form
10-QSB are identified by words such as "believes," "anticipates," "expects,"
"intends," "may," "will" and other similar expressions. However, these words are
not the exclusive means of identifying such statements. In addition, any
statements which refer to expectations, projections or other characterizations
of future events or circumstances are forward-looking statements. The Company
undertakes no obligation to publicly release the results of any revisions to
these forward-looking statements which may be made to reflect events or
circumstances occurring subsequent to the filing of this Form 10-QSB with the
Securities and Exchange Commission ("SEC"). Readers are urged to carefully
review and consider the various disclosures made by the Company in this report
and in the Company's other reports filed with the SEC that attempt to advise
interested parties of the risks and factors that may affect the Company's
business.

                                        2
<Page>

                      RENAISSANCE ENTERTAINMENT CORPORATION
                                 BALANCE SHEETS

<Table>
<Caption>
                                                                                        March 31,             December 31,
                                                                                          2002                    2001
                                                                                   -----------------      ------------------
                                                                                   (Unaudited)
<S>                                                                                <C>                    <C>
                                     ASSETS
Current Assets:
    Cash and equivalents                                                           $         275,116      $          834,257
    Accounts receivable (net)                                                                 15,102                 116,369
    Inventory                                                                                155,366                 155,367
    Note receivable, current portion                                                          18,265                  17,816
    Prepaid expenses and other                                                               423,756                 365,499
                                                                                   -----------------      ------------------
     Total Current Assets                                                                    887,605               1,489,308

    Property and equipment, net of accumulated depreciation                                2,770,053               2,709,091
    Note receivable, net of current portion                                                  106,124                 110,862
    Other assets                                                                             457,783                 458,588
                                                                                   -----------------      ------------------
TOTAL ASSETS                                                                       $       4,221,565      $        4,767,849
                                                                                   =================      ==================

                      LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities:
    Accounts payable and accrued expenses                                          $         643,660      $          468,309
    Notes payable, current portion                                                           312,936                 313,780
    Lease obligation payable, current portion                                                  1,295                   1,260
    Unearned income                                                                          341,922                 181,177
                                                                                   -----------------      ------------------
     Total Current Liabilities                                                             1,299,813                 964,526

    Lease obligation payable                                                               3,976,988               3,978,802
    Notes payable, net of current portion                                                     81,155                  37,159
    Other                                                                                    205,117                 203,167
                                                                                   -----------------      ------------------
     Total Liabilities                                                                     5,563,073               5,183,654
                                                                                   -----------------      ------------------

Stockholders' Equity:
    Common stock, $.03 par value, 50,000,000 shares authorized,
     2,144,889 and 2,144,889 shares issued and outstanding at
     March 31, 2002 and December 31, 2001, respectively                                       64,346                  64,346
    Additional paid-in capital                                                             9,430,827               9,430,827
    Accumulated earnings (deficit)                                                       (10,836,681)             (9,910,978)
                                                                                   -----------------      ------------------
     Total Stockholders' Equity                                                           (1,341,508)               (415,805)
                                                                                   -----------------      ------------------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                                         $       4,221,565      $        4,767,849
                                                                                   =================      ==================
</Table>

The accompanying notes are an integral part of the financial statements.

                                        3
<Page>

                      RENAISSANCE ENTERTAINMENT CORPORATION

                            STATEMENTS OF OPERATIONS
                                   (Unaudited)

<Table>
<Caption>
                                                                            Three Months Ended
                                                                                 March 31
                                                                  --------------------------------------
                                                                       2002                    2001
                                                                  --------------          --------------
<S>                                                               <C>                     <C>
REVENUE:
     Sales                                                        $        8,308          $        2,807
     Faire operating costs                                                 2,641                     149
                                                                  --------------          --------------
       Gross Profit                                                        5,667                   2,658
                                                                  --------------          --------------

OPERATING EXPENSES:
     Salaries                                                            364,446                 374,252
     Depreciation and amortization                                        62,371                  87,842
     Other operating expenses                                            398,270                 348,563
                                                                  --------------          --------------
       Total Operating Expenses                                          825,087                 810,657
                                                                  --------------          --------------

Net Operating (Loss) Income                                             (819,420)               (807,999)
                                                                  --------------          --------------

Other Income (Expenses):
     Interest income                                                       9,803                  20,874
     Interest (expense)                                                 (126,165)               (140,338)
     Other income (expense)                                               10,079                  11,387
                                                                  --------------          --------------
       Total Other Income (Expenses)                                    (106,283)               (108,077)
                                                                  --------------          --------------

Net Income (Loss) to Common Stockholders                          $     (925,703)         $     (916,076)
                                                                  ==============          ==============

Net Income (Loss) per Common Share                                $        (0.43)         $        (0.43)
                                                                  ==============          ==============

Weighted Average Number of Common Shares Outstanding                   2,144,889               2,144,889
                                                                  ==============          ==============
</Table>

The accompanying notes are an integral part of the financial statements.

                                        4
<Page>

                      RENAISSANCE ENTERTAINMENT CORPORATION

                      STATEMENTS OF CASH FLOWS (Unaudited)

<Table>
<Caption>
                                                                            Three Months Ended
                                                                                 March 31
                                                                  --------------------------------------
                                                                            2002                    2001
                                                                  --------------          --------------
<S>                                                               <C>                     <C>
Cash Flows from Operating Activities:
 Net income (Loss)                                                $     (925,703)         $     (916,076)
                                                                  --------------          --------------
 Adjustments to reconcile net income (Loss) to net cash
 provided by operating activities:
  Depreciation and amortization                                           62,371                  87,842
  (Increase) decrease in:
    Accounts Receivable                                                  105,556                   2,025
    Inventory                                                                  0                  (1,506)
    Prepaid expenses and other                                           (57,453)               (421,314)
  Increase (decrease) in:
    Accounts payable and accrued expenses                                175,351                 293,493
    Unearned revenue and other                                           162,695                 231,304
                                                                  --------------          --------------
     Total adjustments                                                   448,520                 191,844
                                                                  --------------          --------------
Net Cash Provided by Operating Activities                               (477,183)               (724,232)
                                                                  --------------          --------------

Cash Flows from Investing Activities:

 Acquisition of property and equipment                                  (123,333)                (98,322)
                                                                  --------------          --------------
Net Cash (Used in) Investing Activities                                 (123,333)                (98,322)
                                                                  --------------          --------------

Cash Flows from Financing Activities:
 Proceeds from notes payable                                              50,000                  69,667
 Principal payments on notes payable                                      (8,625)                (56,221)
                                                                  --------------          --------------
Net Cash Provided by Financing Activities                                 41,375                  13,446
                                                                  --------------          --------------

Net Increase (Decrease) in Cash                                         (559,141)               (809,108)
Cash, beginning of period                                         $      834,257          $    1,002,804
                                                                  --------------          --------------
Cash, end of period                                               $      275,116          $      193,696
                                                                  --------------          --------------
Interest paid                                                     $      126,165          $      140,338
                                                                  --------------          --------------
</Table>

     The accompanying notes are an integral part of the financial statements.

                                        5
<Page>

                      RENAISSANCE ENTERTAINMENT CORPORATION

                          NOTES TO FINANCIAL STATEMENTS
                           March 31, 2002 (Unaudited)

1.   UNAUDITED STATEMENTS

     The balance sheet as of March 31, 2002, the statements of operations and
     the statements of cash flows for the three month periods ended March 31,
     2002 and 2001, have been prepared by the Renaissance Entertainment Corp.
     (Company) without audit, pursuant to the rules and regulations of the
     Securities and Exchange Commission. Certain information and footnote
     disclosures, normally included in the financial statements prepared in
     accordance with accounting principles generally accepted in the United
     States of America, have been condensed or omitted as allowed by such rules
     and regulations, and the Company believes that the disclosures are adequate
     to make the information presented not misleading. In the opinion of
     management, all adjustments (which include only normal recurring
     adjustments) necessary to present fairly the financial position, results of
     operations and changes in financial position at March 31, 2002 and for all
     periods presented, have been made.

     It is suggested that these statements be read in conjunction with the
     December 31, 2001 audited financial statements and the accompanying notes
     included in the Company's Annual Report on Form 10-KSB, filed with the
     Securities and Exchange Commission.

2.   CALCULATION OF EARNINGS (LOSS) PER SHARE

     The earnings (loss) per share is calculated by dividing the net income
     (loss) to common stockholders by the weighted average number of common
     shares outstanding.

3.   BASIS OF PRESENTATION - GOING CONCERN

     The accompanying financial statements have been prepared in conformity with
     generally accepted accounting principles, which contemplates continuation
     of the Company as a going concern. However, the Company has suffered
     recurring losses from operations, has a negative stockholders' equity and a
     working capital deficit that raise substantial doubts about its ability to
     continue as a going concern. Management is attempting to raise additional
     capital.

     In view of these matters, realization of certain assets in the accompanying
     balance sheet is dependent upon continued operations of the Company, which
     in turn is dependent upon the Company's ability to meet its financial
     requirements, raise additional capital as needed, and the success of its
     future operations.

     Management believes that its ability to raise additional capital provide an
     opportunity for the Company to continue as a going concern.

4.   SUBSEQUENT EVENT

     Effective April 2002, the Company entered into a 20-year lease agreement
     with a related party for its New York Faire site. Lease payments are
     $425,000 for years 1 through 5, $435,000 for years 6 through 15, and
     $450,000 for years 16 through 20. The leased property includes a ski
     center, which will not generate significant income until 2003. The Company
     estimates that expenses of approximately $500,000 will be incurred in 2002
     in connection

                                        6
<Page>

     with this ski center. At the option of the lessor, the ski center could be
     sold and lease payments reduced.

     Effective May 2002, the Company entered into a lease agreement for its
     Northern California Faire site. Lease payments in the first year include
     $1.00 per patron with a $150,000 minimum increasing each year thereafter.
     The lease is for 20 years, 5-years with a 15-year extension.

5.   COMMITMENT

     The Company's lease for its Southern California Faire site requires the
     Company to complete certain capital projects over the term of the lease.
     The Company estimates that the cost of the capital projects for 2002 will
     be approximately $250,000.

                                        7
<Page>

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

GENERAL

The following discussion should be read in conjunction with the Company's
Consolidated Financial Statements, including the footnotes for the fiscal period
ended December 31, 2001.

The Company presently owns and produces four Renaissance Faires: the Bristol
Renaissance Faire in Kenosha, Wisconsin, serving the Chicago/Milwaukee
metropolitan region; the Northern California Renaissance Pleasure Faire, serving
the San Francisco Bay and Sacramento metropolitan areas; the Southern California
Renaissance Pleasure Faire in Devore, California serving the greater Los Angeles
metropolitan area; and the New York Renaissance Faire serving the New York City
metropolitan area.

The Renaissance Faire is a re-creation of a Renaissance village, a fantasy
experience transporting the visitor back into sixteenth century England. This
fantasy experience is created through authentic craft shops, food vendors and
continuous live entertainment throughout the day, both on the street and the
stage, including actors, jugglers, jousters, magicians, dancers and musicians.

On June 27, 2000, the Company signed a twenty-year lease with San Bernardino
County Parks and Recreation Department, securing a long-term home for the
Southern California Renaissance Faire. The Company has a long-term lease
expiring in 2017 for the Bristol Faire site.

On April 1, 2002, Faire Partners, Ltd., the Company's landlord for the Wisconsin
site, purchased property in New York from Sterling Forest Corporation. The
property has long been the home of the New York Renaissance Faire. In April,
2002, Faire Partners Ltd. leased the property to the Company on a twenty-year
term with rent payments of $425,000 in years 1 through 5, $435,000 years 6
through 15 and $450,000 for lease years 16 through 20. The leased property
includes the Sterling Forest Ski Center, which the Company anticipates opening
for the 2002/2003 ski season. The lease allows Faire Partners to sell the
property on which the ski area operates. Should Faire Partners sell the
property, the lease provides that the Company's rent payments and the buyout
provision would be decreased in an amount proportional to the selling price of
the property. Although the Ski Center will not generate significant revenue
until 2003 the Company will incur ongoing expenses throughout 2002. The Company
estimates that these expenses will total approximately $500,000 for the
nine-months ended December 31, 2002.

On May 3, 2002, the Company signed a long-term lease for the Northern California
Faire. The new site for the Northern Faire is located near Gilroy, California,
at Casa de Fruta. The lease is for 20 years, 5-years with a 15-year extension.
Lease payments in the first year include $1.00 per patron with a $150,000
minimum increasing each year thereafter.

The Company had a working capital deficit of $412,208 as of March 31, 2002.
While the Company believes that it has adequate capital to fund anticipated
operations for 2002, it believes it may need additional capital for future
fiscal periods. See "LIQUIDITY AND CAPITAL RESOURCES."

                                        8
<Page>

RESULTS OF OPERATIONS - THREE MONTHS ENDED MARCH 31, 2002, COMPARED TO THREE
MONTHS ENDED MARCH 31, 2001

The results of operations of the Company for the quarter ended March 31 always
reflect a significant loss, due to the fact that there are no substantial
revenues during this period, while some expenses at each of the Company's Faire
locations continue throughout the year, as do corporate expenses.

Revenue increased $5,501 from $2,807 in 2001 to $8,308 in 2002. Cost of sales
increased $2,492 from $149 in 2001 to $2,641 in 2002. These increases are
largely the result of special events held in New York during the first quarter
that are not related to the New York Renaissance Faires normal course of
operation.

Operating expenses increased $14,430 or 2%, from $810,657 in 2001 to $825,087 in
2002. Salary and wage expense decreased $9,806 or 3% from $374,252 in 2001 to
$364,446 in 2002. Other operating expenses increased $49,707 or 14% from
$348,563 in 2001 to $398,270 in 2002. Depreciation and amortization expense
decreased $25,471 or 29% from $87,842 in 2001 to $62,371 in 2002 resulting from
a prior period writedown of assets in New York and Northern California due to
the uncertainty of leasing arrangements for the 2002 season.

As a result of the foregoing, net operating loss (before interest charges and
other income) increased $11,421 or 1% from a loss of ($807,999) for the 2001
period to a loss of ($819,420) for the 2002 period.

Interest income decreased $11,071 from $20,874 in 2001 to $9,803 in 2002.
Interest expense decreased $14,173 from $140,338 in 2001 to $126,165 in 2002.
Other income decreased $1,308 from $11,387 in 2001 to $10,079 in 2002.

Net loss to common stockholders increased $9,627 or 1%, from a loss of
($916,076) for the 2001 period, to a loss of ($925,703) for the 2002 period.
Finally, net (loss) per common share remained unchanged at a loss of ($0.43) for
the 2001 and 2002 period, based on 2,144,889 weighted average shares outstanding
during the 2001 and 2002 periods.

LIQUIDITY AND CAPITAL RESOURCES

The Company's working capital shifted from a $524,782 surplus at December 31,
2001 to a ($412,208) deficit during the quarter ended March 31, 2002. The
Company's working capital requirements are greatest during the period from
January 1 through May 1, when it is incurring start-up expenses for its first
Faire of the season, the Southern California Faire.

During the first four months of fiscal 2002, the Company raised capital in the
amount of $100,000 through the issuance of 12% subordinated promissory notes.
The funds were provided by Charles S. Leavell ($50,000), Chairman of the Board
of Directors and a related party. The notes were issued in units, each unit
consisting of two promissory notes of equal principal, identical in nature
except that one note is convertible to common stock at a price of $0.30 per
share. Interest is due and payable quarterly and the notes mature August 31,
2003.

During the first six months of fiscal 2000, the Company raised capital in the
amount of $575,000 through the issuance of 12% subordinated promissory notes.
The funds were provided by Charles S. Leavell ($250,000), Chairman of the Board
of Directors, J. Stanley Gilbert ($225,000), President and a Director, and one
other investor. The notes were issued in units, each unit consisting of two
promissory notes of equal principal, identical in nature except that one note is
convertible to

                                        9
<Page>

common stock at a price of $0.30 per share. Interest was due and payable
quarterly and the notes matured August 31, 2001. On the maturity date, the
non-convertible portion of the notes were retired. The maturity date for the
convertible portion of the notes were extended until August 31, 2002 under the
same terms and conditions of the original offer.

While the Company believes it has adequate capital to fund anticipated
operations for fiscal 2002, it believes it may need to obtain additional working
capital for future periods.

Reviewing the change in financial position over the quarter, current assets,
largely comprised of cash and prepaid expenses, decreased from $1,489,308 at
December 31, 2001 to $887,605 at March 31, 2002, a decrease of $601,703 or 40%.
Of these amounts, cash and cash equivalents decreased from $834,257 at
December 31, 2001 to $275,116 at March 31, 2002. Accounts and notes receivable
decreased $105,556 from $245,047 at December 31, 2001 to $139,491 at March 31,
2002. Prepaid expenses (expenses incurred on behalf of the Faires) increased
from $365,499 at December 31, 2001 to $423,756 at March 31, 2002. These costs
are expensed once the Faires are operating.

Current liabilities increased from $964,526 at December 31, 2001, to $1,299,813
at March 31, 2002, an increase of $335,287 or 35%. During the quarter, accounts
payable and accrued expenses increased $175,351 or 37%. Unearned income, which
consists of the sale of admission tickets to upcoming Faires, and deposits
received from craft vendors for future Faires, increased $160,745 or 89% from
$181,177 at December 31, 2001 to $341,922 at March 31, 2002. The revenue is
recognized once the Faires are operating.

Stockholders' Equity decreased from ($415,805) at December 31, 2001 to
($1,341,508) at March 31, 2002, a decrease of $925,703. This decrease is due to
the net loss incurred during the first quarter.

Although inflation can potentially have an effect on financial results, during
2001 and the first three months of fiscal 2002 it caused no material affect on
the Company's operations, since the change in prices charged by the Company and
by the Company's vendors has not been significant.

The lease with the County of San Bernardino requires the Company to complete
certain capital projects. These projects include items such as the construction
of a perimeter fence, planting trees, developing flower and water gardens,
planting grass, installing infrastructure and constructing buildings for use at
the Faire. The Company is in the process of obtaining bids on the projects
planned for 2002 but estimates that the cost of these items should not exceed
$250,000. The Company has no additional significant commitments for capital
expenses during the fiscal year ending December 31, 2002. See "Factors That May
Affect Future Operating Results-Need for Additional Capital" regarding the
Company's financing requirements.

                FACTORS THAT MAY AFFECT FUTURE OPERATING RESULTS

In addition to the other information contained in this report, prospective
investors should carefully consider the following factors in evaluating the
Company and its business.

     RECENT LOSSES. The Company has incurred operating losses in all fiscal
periods except 1995 and 2000. For the quarter ended March 31, 2002, the Company
reported a net loss of ($925,703). The Company typically reports a loss for the
first quarter of any operating season because ongoing operating expenses are
incurred without any offsetting revenue generating activities. There is no
assurance that the Company will remain profitable in any subsequent period.

                                       10
<Page>

     NEED FOR ADDITIONAL CAPITAL. The Company had a working capital deficit of
($412,208) as of March 31, 2002. See "MANAGEMENT'S DISCUSSION AND ANALYSIS OF
FINANCIAL CONDITION AND RESULTS OF OPERATIONS." Based on the Company's planned
operations for 2002, the Company believes it has adequate capital to fund
operations, repay debt, and to fund required capital expenditures during the
2002 fiscal year. To the extent that operations do not provide the necessary
working capital during 2002, the Company may need to obtain additional capital
for 2002 and future fiscal periods. Additional capital may be sought through
borrowings or from additional equity financing. Such additional equity financing
may result in additional dilution to investors. In any case, there can be no
assurance that any additional capital can be satisfactorily obtained if and when
required.

     STERLING FOREST SKI CENTER. The property that the Company leases in New
York includes the Sterling Forest Ski Center, which the Company anticipates
opening in December of this year for the 2002/2003 ski season. The Ski Center
will not generate significant revenue until 2003 but the Company will incur
ongoing expenses throughout 2002. The Company estimates that these expenses will
total approximately $500,000 for the nine-months ended December 31, 2002. During
the year ended December 31, 2002 these expenses will negatively affect the
reported results of operations for the Company because expenses will be ongoing
while very little revenue will be recognized until 2003.

     COMPETITION. The Company faces significant competition from numerous
organizations throughout the country which offer Renaissance Faires and other
entertainment events, including amusement parks, theme parks, local and county
fairs and festivals, some of which possess significantly greater resources than
the Company, and in many cases, greater expertise and industry contacts. The
Company estimates that there are currently 20 major Renaissance Faires produced
each year. In addition, the Company estimates that there are 100 minor
Renaissance Faire events held throughout the United States each year, ranging in
duration from one day to two weekends.

     LACK OF TRADEMARK PROTECTION. Because of the large number of existing
Renaissance Faires, the Company is not able to rely upon trademark or service
mark protection for the name "Renaissance Faire." As a result, there is no
protection against others using the name "Renaissance Faire" for the production
of entertainment events similar to those produced by the Company. The Company's
own Faires could be negatively impacted by association with substandard
productions.

     PUBLIC LIABILITY AND INSURANCE. As a producer of a public entertainment
event, the Company has exposure for claims of personal injury and property
damage suffered by visitors to the Faires. To date, the Company has experienced
only minimal claims, which it has been able to resolve without litigation. The
Company maintains comprehensive liability insurance which it considers to be
adequate against this risk; however, there can be no assurance that a
catastrophic event or claim which could result in damage or liability in excess
of this coverage will not occur.

     DEPENDENCE UPON VENDORS. A substantial portion of the Company's revenues
generated at each Faire is derived from arrangements that the Company has with
vendors who construct elaborate booths at the Faires and sell a variety of food,
crafts and souvenirs. This arrangement consists of either a fixed rental paid by
the vendors to the Company, or a percent of revenues. In either case, the
success of a Faire is dependent upon the Company's ability to attract
responsible vendors who sell high quality goods.

     SEASONALITY. The Company's Renaissance Faires are located in traditionally
seasonal areas which attract the greatest number of visitors during the warm
weather months in the spring, summer, and early fall. With the anticipated
operation of the Sterling Forest Ski Center in New York, the potential for
counter-seasonal revenue should help smooth the seasonality of the Company's
revenue

                                       11
<Page>

stream from the Renaissance Faires. Unless the Company acquires or develops
additional Faire sites or other events in areas that are counter-seasonal to the
present sites located in temperate climates, the Company's revenues and income
will be highly concentrated in the six months ending October 31st of each year.

     DEPENDENCE UPON WEATHER. Each Renaissance Faire operated by the Company is
scheduled for a finite period, typically consecutive weekends during a seven to
nine-week period, which are determined substantially in advance in order to
facilitate advertising and other promotional efforts. The success of each Faire
is directly dependent upon public attendance, which is directly affected by
weather conditions. While each of the Company's Faires are open, rain or shine,
poor weather, or even the forecast of poor weather, can result in substantial
declines in attendance and, as a result, loss of revenues. Further, as the
Renaissance Faires are outdoor events, they are vulnerable to severe weather
conditions that can cause damage to the Faire's infrastructure and buildings, as
well as injuries to patrons and employees. Risks associated with the weather are
beyond anyone's control, but have a direct and material impact upon the relative
success or failure of a given Faire.

     LICENSING AND OTHER GOVERNMENTAL REGULATION. For each Faire operated by the
Company, it is necessary for the Company to apply for and obtain permits and
other licenses from local governmental authorities controlling the conduct of
the Faire, service of alcoholic beverages, service of food, health, sanitation,
and other matters at the Faire sites. Each governmental jurisdiction has it's
own regulatory requirements that can impose unforeseeable delays or impediments
in preparing for a Faire production. While the Company has been able to obtain
all necessary permits and licenses in the past, there can be no assurance that
future changes in governmental regulation or the adoption of more stringent
requirements may not have a material adverse impact upon the Company's future
operations.

     FAIRE SITES. The Company has long-term leases for all four of its
Renaissance Faires. The terms and conditions of each lease vary by location, and
to a large extent, are beyond the control of the Company. The Company's
dependence upon leasing Faire sites creates a certain risk of fluctuation in the
Company's operations from year to year.

                           PART II. OTHER INFORMATION

Item 1.   LEGAL PROCEEDINGS

          None.

                                       12
<Page>

Item 2.       CHANGES IN SECURITIES

              During the first four months of fiscal 2002, the Company raised
$100,000 through the sale of 12% subordinated promissory notes. The notes were
issued in units, each unit consisting of two promissory notes of equal
principal, with one note being convertible into shares of the Company's common
stock at a conversion price of $.30 per share. The notes were sold without
registration under the Securities Act of 1933 in reliance upon the exemption
provided by Regulation D promulgated by the Securities and Exchange Commission.
No brokers were involved in the sale of the notes and no sales commissions were
paid with respect to such sales. See Part I "Financial Condition and Results of
Operations--Liquidity and Capital Resources."

Item 3.       DEFAULTS UPON SENIOR SECURITIES

              None.

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

              None.

Item 5.       OTHER INFORMATION

              None.

Item 6.       EXHIBITS AND REPORTS ON FORM 8-K

              The Company was not required to file a report on Form 8-K during
              the quarter ended March 31, 2002.

Exhibit No        Title

     3.0(i)   Amended and Restated Articles of Incorporation, incorporated by
reference from the Amendment No. 1 to Registrant's Registration Statement on
Form 8-A filed with the Commission on April 12, 1994.
     3.0(ii)  By-Laws, incorporated by reference from the Amendment No. 1 to
Registrant's Registration Statement on Form 8-A filed with the Commission on
April 12, 1994.
*    3.1      Articles of Amendment to the Articles of Incorporation.
     4.1      Specimen Certificate of Common Stock, incorporated by reference
from the Amendment No. 1 to Registrant's Registration Statement on Form 8-A
filed with the Commission on April 12, 1994.
*    4.2      Renaissance Entertainment Corporation 1993 Stock Incentive
Plan. (1)
*    10.1     Specimen Vendor and Exhibitor Agreement for the Bristol
Renaissance Faire.
*    10.2     Specimen Vendor and Exhibitor Agreement for the Northern and
Southern Renaissance Pleasure Faires.
*    10.3     Specimen Bristol Renaissance Faire Concession Agreement.
*    10.4     Specimen Bristol Renaissance Faire Games Concession Agreement.
     10.9     Purchase Agreement dated November 12, 1997 between Faire Partners,
LLC and Renaissance Entertainment Corporation, including Lease Agreement and
Warrant to Purchase Common Stock as exhibits thereto, incorporated by reference
from Registrant's Registration Statement on Form S-1 (No. 333-43503).

                                       13
<Page>

     10.10    Lease dated January 21, 1998 by and between Attache Publishing
Services, Inc. and the Company, incorporated by reference from the Registrants
Quarterly Report on Form 10-Q for the quarter ended March 31, 1998.
     10.11    Employment Agreement dated December 11, 1998 with Charles S.
Leavell, incorporated by reference from Registrant's Annual Report on Form
10-KSB for the year ended December 31, 1998.
     10.12    Employment Agreement dated December 11, 1998 with J. Stanley
Gilbert, incorporated by reference from Registrant's Annual Report on Form
10-KSB for the year ended December 31, 1998.
     10.13    Amendment dated December 17, 1999 to Lease with Faire Partners
LLC, incorporated by reference from Registrant's Annual Report on Form 10-KSB
for the year ended December 31, 1999.
     10.15    Warrant Agreement dated December 17, 1999, incorporated by
reference from Registrant's Annual Report on Form 10-KSB for the year ended
December 31, 1999.
     10.17    Asset Purchase Agreement between Jim and Marta Selway and the
Company dated April 6, 2000, incorporated by reference from Registrant's Annual
Report on Form 10-KSB for the year ended December 31, 1999.
     10.18    Form of Subordinated Subscription and Purchase Agreement for 2000,
including A Note and Convertible B Note incorporated by reference from
Registrant's Quarterly Report on Form 10-QSB for the period ended March 31,
2000.
     10.20    Lease dated June 27, 2000 by and between San Bernardino County
Community and Cultural Resources Department and the Company incorporated by
reference from Registrant's Annual Report on Form 10-KSB for the year ended
December 31, 2000.
     10.28    Form of Subordinated Subscription and Purchase Agreement for 2002,
including A Note and Convertible B Note incorporated by reference from
Registrant's Annual Report on Form 10-KSB for the year ended December 31, 2001.
     10.29    Amendment dated August 31, 2001 to Subordinated Subscription and
Purchase Agreement for 2000 incorporated by reference from Registrant's Annual
Report on Form 10-KSB for the year ended December 31, 2001.
**   10.30    Lease agreement dated March 19, 2002 by and between Faire
Partners, Ltd. and the Company filed herewith.
**   10.31    Lease agreement dated May 3, 2002 by and between Casa de Fruta and
the Company filed herewith.
**   10.32    Amendment dated February 28, 2002 to Faire Partners, Ltd. lease
dated November, 1997 filed herewith.
**   10.33    Amendment dated March 18, 2002 to Faire Partners, Ltd. lease dated
November, 1997 filed herewith.
*    Incorporated by reference from the Company's Registration Statement on
Form SB-2, declared effective by the Commission on January 27, 1995, and the
Post-Effective amendments thereto.
**   Filed herewith.

                                    SIGNATURE

     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.

                                           RENAISSANCE ENTERTAINMENT CORPORATION

                                       14
<Page>

Dated:  MAY 13, 2002                      /s/ Charles S. Leavell
                                     ---------------------------------------
                                         Charles S. Leavell, Chief Executive and
                                         Chief Financial Officer

                                                /s/ Sue E. Brophy
                                        ----------------------------------------
                                        Sue E. Brophy, Chief Accounting Officer

                                       15