<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-END> MAR-31-1995 <CASH> 575,116 <SECURITIES> 3,298,831 <RECEIVABLES> 492,029 <ALLOWANCES> 0 <INVENTORY> 91,407 <CURRENT-ASSETS> 4,664,629 <PP&E> 1,794,059 <DEPRECIATION> (484,565) <TOTAL-ASSETS> 7,973,376 <CURRENT-LIABILITIES> 1,071,432 <BONDS> 88,190 <COMMON> 16,483,754 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> (9,680,680) <TOTAL-LIABILITY-AND-EQUITY> 7,973,376 <SALES> 0 <TOTAL-REVENUES> 4,284,679 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 2,059,357 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 2,225,322 <INCOME-TAX> 1,000,000 <INCOME-CONTINUING> 1,225,322 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,225,322 <EPS-PRIMARY> .04 <EPS-DILUTED> .04