<ARTICLE>                     5
<LEGEND>
This schedule contains summary financial information extracted from the Equidyne
Corporation  Form 10-QSB for the period ended  January 31, 2000 and is qualified
in its entirety by reference to such financial statements.
</LEGEND>

<MULTIPLIER>                                   1,000

                             
<PERIOD-TYPE>                  3-mos
<FISCAL-YEAR-END>                              Jul-31-2000
<PERIOD-END>                                   Jan-31-2000
<CASH>                                         893
<SECURITIES>                                   0
<RECEIVABLES>                                  30
<ALLOWANCES>                                   0
<INVENTORY>                                    117
<CURRENT-ASSETS>                               65
<PP&E>                                         868
<DEPRECIATION>                                 (186)
<TOTAL-ASSETS>                                 6,980
<CURRENT-LIABILITIES>                          1,967
<BONDS>                                        0
<PREFERRED-MANDATORY>                          0
<PREFERRED>                                    0
<COMMON>                                       1,484
<OTHER-SE>                                     3,529
<TOTAL-LIABILITY-AND-EQUITY>                   6,980
<SALES>                                        0
<TOTAL-REVENUES>                               0
<CGS>                                          0
<TOTAL-COSTS>                                  0
<OTHER-EXPENSES>                               620
<LOSS-PROVISION>                               0
<INTEREST-EXPENSE>                             (33)
<INCOME-PRETAX>                                (587)
<INCOME-TAX>                                   0
<INCOME-CONTINUING>                            (587)
<DISCONTINUED>                                 0
<EXTRAORDINARY>                                0
<CHANGES>                                      0
<NET-INCOME>                                   (587)
<EPS-BASIC>                                  (.03)
<EPS-DILUTED>                                  (.03)