FINANCIAL DATA SCHEDULE

<TABLE> <S> <C>

<ARTICLE> 5

<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JUL-01-1998
<PERIOD-END> SEP-30-1998
<CASH> 6,625,401
<SECURITIES> 13,690,045
<RECEIVABLES> 0
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 20,646,557
<PP&E> 3,873,810
<DEPRECIATION> 2,353,724
<TOTAL-ASSETS> 22,166,643
<CURRENT-LIABILITIES> 9,867,376
<BONDS> 0
<PREFERRED-MANDATORY> 0
<PREFERRED> 0
<COMMON> 34,995,061
<OTHER-SE> (24,746,548)
<TOTAL-LIABILITY-AND-EQUITY> 22,166,643
<SALES> 0
<TOTAL-REVENUES> 2,700,000
<CGS> 0
<TOTAL-COSTS> 4,910,531
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> (69,235)
<INCOME-PRETAX> (2,048,648)
<INCOME-TAX> 0
<INCOME-CONTINUING> (2,048,648)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (2,048,648)
<EPS-PRIMARY> (0.24)
<EPS-DILUTED> (0.24)


</TABLE>