<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> JUL-31-1996 <PERIOD-START> AUG-01-1995 <PERIOD-END> OCT-31-1995 <CASH> 28,552,309 <SECURITIES> 0 <RECEIVABLES> 195,700 <ALLOWANCES> 13,337 <INVENTORY> 1,082,270 <CURRENT-ASSETS> 30,303,442 <PP&E> 2,816,666 <DEPRECIATION> 1,399,863 <TOTAL-ASSETS> 32,290,341 <CURRENT-LIABILITIES> 1,674,607 <BONDS> 0 <COMMON> 4,690,893 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 25,715,451 <TOTAL-LIABILITY-AND-EQUITY> 32,290,341 <SALES> 200,895 <TOTAL-REVENUES> 200,895 <CGS> 1,049,384 <TOTAL-COSTS> 1,049,384 <OTHER-EXPENSES> 1,436,074 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 4,989 <INCOME-PRETAX> (2,101,446) <INCOME-TAX> 0 <INCOME-CONTINUING> (2,101,446) <DISCONTINUED> 68,070 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (2,033,376) <EPS-PRIMARY> (.19) <EPS-DILUTED> (.19)