FINANCIAL DATA SCHEDULE
Published on
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> APR-1-1998
<PERIOD-END> JUN-30-1998
<CASH> 7,029,409
<SECURITIES> 14,494,123
<RECEIVABLES> 0
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 353,997
<PP&E> 3,861,687
<DEPRECIATION> 2,150,250
<TOTAL-ASSETS> 23,623,844
<CURRENT-LIABILITIES> 9,390,261
<BONDS> 0
<PREFERRED-MANDATORY> 0
<PREFERRED> 0
<COMMON> 34,973,795
<OTHER-SE> (22,714,217)
<TOTAL-LIABILITY-AND-EQUITY> 23,623,844
<SALES> 0
<TOTAL-REVENUES> 700,000
<CGS> 0
<TOTAL-COSTS> 3,994,218
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> (55,456)
<INCOME-PRETAX> (3,098,138)
<INCOME-TAX> 0
<INCOME-CONTINUING> (3,098,138)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (3,098,138)
<EPS-PRIMARY> (0.36)<F1>
<EPS-DILUTED> (0.36)
<FN>
<F1>FOR PURPOSES OF THIS EXHIBIT, PRIMARY MEANS BASIC.
</FN>
</TABLE>