<ARTICLE> 5 <MULTIPLIER> 1 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> DEC-31-1999 <CASH> 32,013,118 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 32,888,551 <PP&E> 2,440,221 <DEPRECIATION> 920,566 <TOTAL-ASSETS> 35,278,971 <CURRENT-LIABILITIES> 3,782,312 <BONDS> 0 <PREFERRED-MANDATORY> 261,059 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 31,201,683 <TOTAL-LIABILITY-AND-EQUITY> 31,462,742 <SALES> 0 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> 21,104,020 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 29,991 <INCOME-PRETAX> (19,633,722) <INCOME-TAX> 0 <INCOME-CONTINUING> (19,633,722) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (19,633,722) <EPS-BASIC> (0.79) <EPS-DILUTED> (0.79)