EXHIBIT 21



Liquidmetal Technologies has three material direct subsidiaries and no material
indirect subsidiaries, as follows:

(a)  Liquidmetal Golf: Liquidmetal Technologies holds 79.19% of the issued and
outstanding common stock of Liquidmetal Golf, a California corporation.

(b)  Liquidmetal Korea Co., Ltd.: Liquidmetal Technologies holds 99.97% of the
issued and outstanding equity securities of Liquidmetal Korea Co., Ltd., a South
Korean limited liability company.

(c)  Dongyang Yudoro: Liquidmetal Technologies holds 51% of the issued and
outstanding equity securities of Dongyang Yudoru, a South Korean joint stock
company.