<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> JUN-30-1998 <CASH> 7,752,526 <SECURITIES> 2,677,318 <RECEIVABLES> 5,000,000 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 15,582,149 <PP&E> 2,817,939 <DEPRECIATION> 420,043 <TOTAL-ASSETS> 18,556,630 <CURRENT-LIABILITIES> 1,131,365 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 172,402 <OTHER-SE> 17,252,863 <TOTAL-LIABILITY-AND-EQUITY> 18,556,630 <SALES> 0 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> (4,562,939) <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (4,015,778) <INCOME-TAX> 0 <INCOME-CONTINUING> (4,015,778) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (4,015,778) <EPS-PRIMARY> (.23) <EPS-DILUTED> (.23)