<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> JUN-30-1996 <CASH> 9,026,012 <SECURITIES> 1,713,925 <RECEIVABLES> 256,569 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 11,049,173 <PP&E> 2,119,900 <DEPRECIATION> (661,269) <TOTAL-ASSETS> 12,869,431 <CURRENT-LIABILITIES> 5,198,578 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 781 <COMMON> 6,594 <OTHER-SE> 7,597,651 <TOTAL-LIABILITY-AND-EQUITY> 12,869,431 <SALES> 556,746 <TOTAL-REVENUES> 773,674 <CGS> 11,233 <TOTAL-COSTS> 11,233 <OTHER-EXPENSES> 1,067,554 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 25,671 <INCOME-PRETAX> (592,513) <INCOME-TAX> 0 <INCOME-CONTINUING> (592,513) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (592,513) <EPS-PRIMARY> (.10) <EPS-DILUTED> (.10)