FINANCIAL DATA SCHEDULE

<TABLE> <S> <C>

<ARTICLE> 5

<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> MAR-31-1999
<CASH> 4,743,204
<SECURITIES> 10,951,998
<RECEIVABLES> 0
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 15,975,331
<PP&E> 4,022,339
<DEPRECIATION> (2,755,880)
<TOTAL-ASSETS> 17,241,790
<CURRENT-LIABILITIES> 9,014,887
<BONDS> 0
<PREFERRED-MANDATORY> 0
<PREFERRED> 0
<COMMON> 5,039,972
<OTHER-SE> (28,902,994)
<TOTAL-LIABILITY-AND-EQUITY> 17,241,790
<SALES> 0
<TOTAL-REVENUES> 1,700,000
<CGS> 0
<TOTAL-COSTS> 3,200,518
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 49,235
<INCOME-PRETAX> (1,381,237)
<INCOME-TAX> 0
<INCOME-CONTINUING> (1,381,237)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (1,381,237)
<EPS-PRIMARY> (0.16)
<EPS-DILUTED> (0.16)


</TABLE>