<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1994 <PERIOD-END> SEP-30-1994 <CASH> 3162897 <SECURITIES> 0 <RECEIVABLES> 2706010 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 7957085 <PP&E> 1215773 <DEPRECIATION> 919140 <TOTAL-ASSETS> 10103326 <CURRENT-LIABILITIES> 4381575 <BONDS> 0 <COMMON> 218718 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 5503033 <TOTAL-LIABILITY-AND-EQUITY> 10103326 <SALES> 0 <TOTAL-REVENUES> 3358855 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 3631294 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 626955 <INCOME-PRETAX> (899394) <INCOME-TAX> 0 <INCOME-CONTINUING> (899394) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (899394) <EPS-PRIMARY> (.21) <EPS-DILUTED> (.21)