<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> JUN-30-1998 <CASH> 6,714,048 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 6,822,727 <PP&E> 1,460,953 <DEPRECIATION> 41,767 <TOTAL-ASSETS> 8,467,682 <CURRENT-LIABILITIES> 468,403 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 658 <OTHER-SE> 16,594,654 <TOTAL-LIABILITY-AND-EQUITY> 8,467,682 <SALES> 0 <TOTAL-REVENUES> 225,000 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 4,606,827 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (4,132,219) <INCOME-TAX> 0 <INCOME-CONTINUING> (4,132,219) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (4,132,219) <EPS-PRIMARY> (0.64) <EPS-DILUTED> (0.64)