<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1999 <PERIOD-END> SEP-30-1999 <CASH> 4,091,880 <SECURITIES> 2,826,616 <RECEIVABLES> 140,332 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 8,244,201 <PP&E> 4,341,515 <DEPRECIATION> 1,125,482 <TOTAL-ASSETS> 11,513,976 <CURRENT-LIABILITIES> 3,705,049 <BONDS> 735,262 <PREFERRED-MANDATORY> 0 <PREFERRED> 1,896,752 <COMMON> 43,319,756 <OTHER-SE> (38,210,760) <TOTAL-LIABILITY-AND-EQUITY> 11,513,976 <SALES> 0 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 5,425,246 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (5,328,741) <INCOME-TAX> 0 <INCOME-CONTINUING> (5,328,741) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (5,328,741) <EPS-BASIC> (.70) <EPS-DILUTED> (.70)