<ARTICLE> 5
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                              APR-1-1998
<PERIOD-END>                               JUN-30-1998
<CASH>                                       7,029,409
<SECURITIES>                                14,494,123
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                               353,997
<PP&E>                                       3,861,687
<DEPRECIATION>                               2,150,250
<TOTAL-ASSETS>                              23,623,844
<CURRENT-LIABILITIES>                        9,390,261
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                    34,973,795
<OTHER-SE>                                (22,714,217)
<TOTAL-LIABILITY-AND-EQUITY>                23,623,844
<SALES>                                              0
<TOTAL-REVENUES>                               700,000
<CGS>                                                0
<TOTAL-COSTS>                                3,994,218
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                            (55,456)
<INCOME-PRETAX>                            (3,098,138)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                        (3,098,138)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                               (3,098,138)
<EPS-PRIMARY>                                   (0.36)<F1>
<EPS-DILUTED>                                   (0.36)
<FN>
<F1>FOR PURPOSES OF THIS EXHIBIT, PRIMARY MEANS BASIC.
</FN>