<ARTICLE> 5 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> DEC-31-1997 <CASH> 60,768 <SECURITIES> 40,347,085 <RECEIVABLES> 277,448 <ALLOWANCES> 0 <INVENTORY> 25,960 <CURRENT-ASSETS> 40,906,272 <PP&E> 1,115,007 <DEPRECIATION> 730,503 <TOTAL-ASSETS> 41,322,592 <CURRENT-LIABILITIES> 8,404,868 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 53,097 <OTHER-SE> 32,864,627 <TOTAL-LIABILITY-AND-EQUITY> 41,322,592 <SALES> 529,737 <TOTAL-REVENUES> 2,813,173 <CGS> 0 <TOTAL-COSTS> 628,729 <OTHER-EXPENSES> 2,161,626 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 167,452 <INCOME-PRETAX> (144,634) <INCOME-TAX> 14,219 <INCOME-CONTINUING> (158,853) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (158,853) <EPS-PRIMARY> (.03) <EPS-DILUTED> (.03)