<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, 1999, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> MAR-31-1999 <CASH> 5,882,978 <SECURITIES> 20,095,210 <RECEIVABLES> 2,096,214 <ALLOWANCES> 0 <INVENTORY> 527,920 <CURRENT-ASSETS> 30,275,914 <PP&E> 6,480,921 <DEPRECIATION> (3,592,540) <TOTAL-ASSETS> 34,541,245 <CURRENT-LIABILITIES> 5,998,164 <BONDS> 0 <PREFERRED-MANDATORY> 11,219,276 <PREFERRED> 0 <COMMON> 3,618,779 <OTHER-SE> 13,160,547 <TOTAL-LIABILITY-AND-EQUITY> 16,779,326 <SALES> 0 <TOTAL-REVENUES> 14,588,081 <CGS> 0 <TOTAL-COSTS> 9,821,807 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 4,766,274 <INCOME-TAX> 1,972,526 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,793,748 <EPS-PRIMARY> .11 <EPS-DILUTED> .10