<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