<ARTICLE> 5
       
                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               DEC-31-1997
<CASH>                                      12,810,100
<SECURITIES>                                15,516,366
<RECEIVABLES>                                  649,623
<ALLOWANCES>                                     9,945
<INVENTORY>                                    178,839
<CURRENT-ASSETS>                            31,411,412
<PP&E>                                       5,589,295
<DEPRECIATION>                                 800,254
<TOTAL-ASSETS>                              39,042,721
<CURRENT-LIABILITIES>                        1,377,574
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                       151,992
<OTHER-SE>                                           0
<TOTAL-LIABILITY-AND-EQUITY>                39,042,721
<SALES>                                              0
<TOTAL-REVENUES>                             2,725,749
<CGS>                                        2,190,367
<TOTAL-COSTS>                                4,815,500
<OTHER-EXPENSES>                              (45,099)
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                         (1,485,165)
<INCOME-PRETAX>                              (559,487)
<INCOME-TAX>                                 (159,585)
<INCOME-CONTINUING>                          (399,902)
<DISCONTINUED>                             (2,381,714)
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                               (2,781,616)
<EPS-PRIMARY>                                   (0.20)
<EPS-DILUTED>                                   (0.20)