<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> DEC-31-1997 <CASH> 445,368 <SECURITIES> 0 <RECEIVABLES> 922,737 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,862,271 <PP&E> 4,534,168 <DEPRECIATION> 2,639,651 <TOTAL-ASSETS> 5,793,538 <CURRENT-LIABILITIES> 2,592,356 <BONDS> 0 <COMMON> 238,145 <PREFERRED-MANDATORY> 0 <PREFERRED> 3,518,694 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 5,793,538 <SALES> 6,330,675 <TOTAL-REVENUES> 6,330,675 <CGS> 0 <TOTAL-COSTS> 3,186,546 <OTHER-EXPENSES> 2,059,920 <LOSS-PROVISION> 24,881 <INTEREST-EXPENSE> 459,352 <INCOME-PRETAX> 642,197 <INCOME-TAX> (2,493,437) <INCOME-CONTINUING> 3,135,634 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 3,135,634 <EPS-PRIMARY> .12 <EPS-DILUTED> .04