FINANCIAL DATA SCHEDULE

<TABLE> <S> <C>

<ARTICLE> 5
<MULTIPLIER> 1
<CURRENCY> U.S. DOLLARS

<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> DEC-31-1998
<EXCHANGE-RATE> 1
<CASH> 5,203,926
<SECURITIES> 11,750,916
<RECEIVABLES> 0
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 17,373,860
<PP&E> 3,996,876
<DEPRECIATION> (2,552,786)
<TOTAL-ASSETS> 18,817,950
<CURRENT-LIABILITIES> 9,274,043
<BONDS> 0
<PREFERRED-MANDATORY> 0
<PREFERRED> 0
<COMMON> 35,009,368
<OTHER-SE> (27,514,682)
<TOTAL-LIABILITY-AND-EQUITY> 18,817,950
<SALES> 0
<TOTAL-REVENUES> 5,100,000
<CGS> 0
<TOTAL-COSTS> 17,012,406
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 231,024
<INCOME-PRETAX> (11,173,284)
<INCOME-TAX> 0
<INCOME-CONTINUING> (11,173,284)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (11,173,284)
<EPS-PRIMARY> (1.30)
<EPS-DILUTED> (1.30)


</TABLE>