<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> MAR-31-1998 <CASH> 178 <SECURITIES> 276 <RECEIVABLES> 1,216 <ALLOWANCES> 21 <INVENTORY> 156 <CURRENT-ASSETS> 1,844 <PP&E> 2,654 <DEPRECIATION> 1,492 <TOTAL-ASSETS> 3,006 <CURRENT-LIABILITIES> 69,604 <BONDS> 272 <PREFERRED-MANDATORY> 8,307 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> (76,154) <TOTAL-LIABILITY-AND-EQUITY> (3,006) <SALES> 0 <TOTAL-REVENUES> 1,503 <CGS> 0 <TOTAL-COSTS> 1,017 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 137 <INCOME-TAX> 0 <INCOME-CONTINUING> 137 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 137 <EPS-PRIMARY> .14 <EPS-DILUTED> .14