<ARTICLE> 5
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          JUN-30-1998
<PERIOD-END>                               SEP-30-1997
<CASH>                                       2,227,518
<SECURITIES>                                 5,007,820
<RECEIVABLES>                                2,347,217
<ALLOWANCES>                                         0
<INVENTORY>                                  5,389,067
<CURRENT-ASSETS>                            15,063,519
<PP&E>                                       4,998,539
<DEPRECIATION>                                 996,225
<TOTAL-ASSETS>                              19,738,600
<CURRENT-LIABILITIES>                        1,072,740
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                    47,907,637
<OTHER-SE>                                           0
<TOTAL-LIABILITY-AND-EQUITY>                19,738,600
<SALES>                                              0
<TOTAL-REVENUES>                             1,777,932
<CGS>                                                0
<TOTAL-COSTS>                                1,350,557
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                504,057
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                            504,057
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   504,057
<EPS-PRIMARY>                                     0.03
<EPS-DILUTED>                                     0.03