<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the
unaudited financial statements contained in the Company's quarterly report on
Form 10-Q for the quarter ended June 30, 1996 and is qualified in its entirety
by reference to such financial statements.
</LEGEND>
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               JUN-30-1996
<CASH>                                         949,512
<SECURITIES>                                 8,196,774
<RECEIVABLES>                                  534,239
<ALLOWANCES>                                         0
<INVENTORY>                                    154,623
<CURRENT-ASSETS>                            10,091,136
<PP&E>                                       2,723,943
<DEPRECIATION>                               (993,636)
<TOTAL-ASSETS>                              14,108,083
<CURRENT-LIABILITIES>                        1,690,687
<BONDS>                                        132,285
<PREFERRED-MANDATORY>                       12,651,673
<PREFERRED>                                          0
<COMMON>                                     3,802,071
<OTHER-SE>                                 (4,338,591)
<TOTAL-LIABILITY-AND-EQUITY>                 (518,253)
<SALES>                                              0
<TOTAL-REVENUES>                             9,864,883
<CGS>                                                0
<TOTAL-COSTS>                                6,838,196
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                              3,026,687
<INCOME-TAX>                                 1,230,400
<INCOME-CONTINUING>                          1,796,287
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 1,796,287
<EPS-PRIMARY>                                     0.07
<EPS-DILUTED>                                        0