<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1999 <PERIOD-END> MAR-31-1999 <CASH> 398,400 <SECURITIES> 3,091,483 <RECEIVABLES> 154,162 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 3,886,519 <PP&E> 4,202,879 <DEPRECIATION> 862,838 <TOTAL-ASSETS> 7,290,980 <CURRENT-LIABILITIES> 2,655,075 <BONDS> 973,559 <PREFERRED-MANDATORY> 0 <PREFERRED> 3,288,611 <COMMON> 29,036,684 <OTHER-SE> (28,716,460) <TOTAL-LIABILITY-AND-EQUITY> 7,290,980 <SALES> 0 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 4,403,867 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 61,016 <INCOME-PRETAX> (4,418,598) <INCOME-TAX> 0 <INCOME-CONTINUING> (4,418,598) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (4,418,598) <EPS-PRIMARY> (0.71) <EPS-DILUTED> (0.71)