<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> SEP-30-1996 <CASH> 3,210,014 <SECURITIES> 0 <RECEIVABLES> 234,956 <ALLOWANCES> 0 <INVENTORY> 369,255 <CURRENT-ASSETS> 4,439,302 <PP&E> 2,572,666 <DEPRECIATION> (158,613) <TOTAL-ASSETS> 45,440,829 <CURRENT-LIABILITIES> 2,750,444 <BONDS> 0 <PREFERRED-MANDATORY> 14,484 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 45,440,829 <SALES> 1,011,945 <TOTAL-REVENUES> 1,367,533 <CGS> 679,953 <TOTAL-COSTS> 5,504,645 <OTHER-EXPENSES> 100,341 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 204,382 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (4,713,069) <EPS-PRIMARY> (.43) <EPS-DILUTED> 0