FINANCIAL DATA SCHEDULE

<TABLE> <S> <C>

<ARTICLE> 5

<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JUL-01-1999
<PERIOD-END> SEP-30-1999
<CASH> 7,658,072
<SECURITIES> 7,490,663
<RECEIVABLES> 0
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 165,499
<PP&E> 4,035,973
<DEPRECIATION> (3,061,399)
<TOTAL-ASSETS> 16,288,809
<CURRENT-LIABILITIES> 9,236,195
<BONDS> 0
<PREFERRED-MANDATORY> 0
<PREFERRED> 0
<COMMON> 37,131,042
<OTHER-SE> (30,078,428)
<TOTAL-LIABILITY-AND-EQUITY> 16,288,809
<SALES> 0
<TOTAL-REVENUES> 5,000,000
<CGS> 0
<TOTAL-COSTS> 3,130,807
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> (20,335)
<INCOME-PRETAX> 1,912,329
<INCOME-TAX> 0
<INCOME-CONTINUING> 1,912,329
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 1,912,329
<EPS-BASIC> .21
<EPS-DILUTED> .21


</TABLE>