<ARTICLE> 5 <PERIOD-TYPE> 6-Mos <FISCAL-YEAR-END> Dec-31-1996 <PERIOD-START> Jan-01-1996 <PERIOD-END> Jun-30-1996 <CASH> 584,489 <SECURITIES> 1,311,112 <RECEIVABLES> 578,305 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,802,746 <PP&E> 1,442,753 <DEPRECIATION> 860,278 <TOTAL-ASSETS> 4,245,125 <CURRENT-LIABILITIES> 650,251 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 13,701 <OTHER-SE> 3,581,173 <TOTAL-LIABILITY-AND-EQUITY> 4,245,145 <SALES> 0 <TOTAL-REVENUES> 3,581,227 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 4,185,460 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (604,233) <INCOME-TAX> 13,751 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (617,984) <EPS-PRIMARY> (.42) <EPS-DILUTED> (.42)