<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> MAR-31-1997 <CASH> 16,257,886 <SECURITIES> 0 <RECEIVABLES> 515,827 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 16,926,148 <PP&E> 18,003,460 <DEPRECIATION> 5,127,512 <TOTAL-ASSETS> 29,811,420 <CURRENT-LIABILITIES> 1,343,883 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 72,162 <OTHER-SE> 28,395,375 <TOTAL-LIABILITY-AND-EQUITY> 29,811,420 <SALES> 672,270 <TOTAL-REVENUES> 923,776 <CGS> 91,084 <TOTAL-COSTS> 964,234 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (40,458) <INCOME-TAX> 0 <INCOME-CONTINUING> (40,458) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (40,458) <EPS-PRIMARY> (.01) <EPS-DILUTED> (.01)