EXHIBIT 21.0

The subsidiaries of American Shared Hospital Services are:

American Shared Radiosurgery Services
A California corporation

GK Financing, LLC
A California limited liability company

OR21, Inc.
A California corporation

MMRI, Inc.
A California corporation

Embarcadero Transition Corp. III
A California corporation

African American Church Health and Economic Services, Inc.
A California corporation

ACHES Insurance Services, Inc.
A California corporation