<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> JUN-30-1996 <CASH> 1,666,331 <SECURITIES> 5,590,680 <RECEIVABLES> 3,071,627 <ALLOWANCES> 0 <INVENTORY> 6,793,616 <CURRENT-ASSETS> 18,987,009 <PP&E> 6,617,051 <DEPRECIATION> 388,781 <TOTAL-ASSETS> 37,051,432 <CURRENT-LIABILITIES> 4,744,248 <BONDS> 18,731,516 <COMMON> 22,509 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 13,097,159 <TOTAL-LIABILITY-AND-EQUITY> 37,051,432 <SALES> 1,000,813 <TOTAL-REVENUES> 1,000,813 <CGS> 726,180 <TOTAL-COSTS> 726,180 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 38,333 <INCOME-PRETAX> (135,051) <INCOME-TAX> 55,000 <INCOME-CONTINUING> (80,051) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (80,051) <EPS-PRIMARY> (.03) <EPS-DILUTED> 0