<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FORM 10-Q FOR NINE MONTHS ENDED 12/31/96 </LEGEND> <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> MAR-31-1996 <PERIOD-START> APR-01-1996 <PERIOD-END> DEC-31-1996 <CASH> 2,346,443 <SECURITIES> 0 <RECEIVABLES> 1,116,823 <ALLOWANCES> (94,201) <INVENTORY> 717,078 <CURRENT-ASSETS> 4,600,348 <PP&E> 4,632,585 <DEPRECIATION> (2,334,630) <TOTAL-ASSETS> 11,258,892 <CURRENT-LIABILITIES> 1,441,565 <BONDS> 3,850,747 <PREFERRED-MANDATORY> 0 <PREFERRED> 412 <COMMON> 360,306 <OTHER-SE> 4,751,423 <TOTAL-LIABILITY-AND-EQUITY> 11,258,892 <SALES> 2,070,206 <TOTAL-REVENUES> 2,070,206 <CGS> 0 <TOTAL-COSTS> 1,628,825 <OTHER-EXPENSES> 7,754,082 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 143,855 <INCOME-PRETAX> (6,856,526) <INCOME-TAX> 0 <INCOME-CONTINUING> (6,856,526) <DISCONTINUED> (150,877) <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (7,007,403) <EPS-PRIMARY> (.20) <EPS-DILUTED> 0