<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> MAR-31-1997 <CASH> 6,382,058 <SECURITIES> 1,262,753 <RECEIVABLES> 190,186 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 7,913,966 <PP&E> 2,510,407 <DEPRECIATION> (1,193,600) <TOTAL-ASSETS> 9,538,835 <CURRENT-LIABILITIES> 3,765,045 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 7,375 <OTHER-SE> 5,766,415 <TOTAL-LIABILITY-AND-EQUITY> 9,538,835 <SALES> 373,994 <TOTAL-REVENUES> 373,994 <CGS> 21,539 <TOTAL-COSTS> 21,539 <OTHER-EXPENSES> 969,603 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 6,388 <INCOME-PRETAX> (565,617) <INCOME-TAX> 0 <INCOME-CONTINUING> (565,617) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (565,617) <EPS-PRIMARY> (0.09) <EPS-DILUTED> (0.09)