<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> JUN-30-1996 <PERIOD-END> DEC-31-1995 <CASH> 411,392 <SECURITIES> 20,000 <RECEIVABLES> 3,076 <ALLOWANCES> 0 <INVENTORY> 195,394 <CURRENT-ASSETS> 1,037,834 <PP&E> 327,321 <DEPRECIATION> (214,039) <TOTAL-ASSETS> 4,337,883 <CURRENT-LIABILITIES> 55,030 <BONDS> 7,089,751 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 151,637 <OTHER-SE> (12,445) <TOTAL-LIABILITY-AND-EQUITY> 4,337,883 <SALES> 0 <TOTAL-REVENUES> 139,432 <CGS> 0 <TOTAL-COSTS> 125,436 <OTHER-EXPENSES> 148,271 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 297,673 <INCOME-PRETAX> (431,948) <INCOME-TAX> 0 <INCOME-CONTINUING> (431,948) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (431,948) <EPS-PRIMARY> (.01) <EPS-DILUTED> (.01)