<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 March 31, 1997 and is qualified in its entirety by reference to such financial statements. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> MAR-31-1997 <CASH> 1,472,610 <SECURITIES> 7,501,257 <RECEIVABLES> 615,343 <ALLOWANCES> 0 <INVENTORY> 213,169 <CURRENT-ASSETS> 10,441,764 <PP&E> 3,290,653 <DEPRECIATION> (1,375,822) <TOTAL-ASSETS> 14,445,767 <CURRENT-LIABILITIES> 1,367,300 <BONDS> 132,285 <PREFERRED-MANDATORY> 12,268,689 <PREFERRED> 0 <COMMON> 3,396,693 <OTHER-SE> (2,792,983) <TOTAL-LIABILITY-AND-EQUITY> 603,710 <SALES> 0 <TOTAL-REVENUES> 4,234,688 <CGS> 0 <TOTAL-COSTS> 3,877,326 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 357,362 <INCOME-TAX> 154,689 <INCOME-CONTINUING> 202,673 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 202,673 <EPS-PRIMARY> 0.01 <EPS-DILUTED> 0