<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> SEP-30-1996 <CASH> 58,308 <SECURITIES> 442,668 <RECEIVABLES> 233,342 <ALLOWANCES> 0 <INVENTORY> 607,170 <CURRENT-ASSETS> 1,387,989 <PP&E> 4,785,887 <DEPRECIATION> 0 <TOTAL-ASSETS> 7,170,021 <CURRENT-LIABILITIES> 2,587,721 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 990,657 <OTHER-SE> (1,350,955) <TOTAL-LIABILITY-AND-EQUITY> 7,170,021 <SALES> 0 <TOTAL-REVENUES> 222,523 <CGS> 0 <TOTAL-COSTS> 419,232 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 164,243 <INCOME-PRETAX> (360,952) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (360,952) <EPS-PRIMARY> (.07) <EPS-DILUTED> (.05)