<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> SEP-30-1996 <CASH> 6,353,431 <SECURITIES> 1,788,557 <RECEIVABLES> 639,996 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 8,820,049 <PP&E> 2,348,667 <DEPRECIATION> (843,032) <TOTAL-ASSETS> 10,684,042 <CURRENT-LIABILITIES> 3,956,857 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 7,375 <OTHER-SE> 6,702,986 <TOTAL-LIABILITY-AND-EQUITY> 10,684,042 <SALES> 1,017,784 <TOTAL-REVENUES> 1,293,581 <CGS> 17,306 <TOTAL-COSTS> 17,306 <OTHER-EXPENSES> 2,284,090 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 35,871 <INCOME-PRETAX> (1,487,178) <INCOME-TAX> 0 <INCOME-CONTINUING> (1,487,178) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,487,178) <EPS-PRIMARY> (0.25) <EPS-DILUTED> (0.25)