<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> MAR-31-1997 <CASH> 1,690,434 <SECURITIES> 16,868,039 <RECEIVABLES> 325,592 <ALLOWANCES> 0 <INVENTORY> 737,006 <CURRENT-ASSETS> 20,019,390 <PP&E> 10,195,462 <DEPRECIATION> 4,472,701 <TOTAL-ASSETS> 26,347,857 <CURRENT-LIABILITIES> 1,366,463 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 82,773,866 <OTHER-SE> 57,797,614<F1> <TOTAL-LIABILITY-AND-EQUITY> 26,347,857 <SALES> 29,554 <TOTAL-REVENUES> 672,677 <CGS> 11,765 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 2,599,952 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (1,927,275) <INCOME-TAX> 0 <INCOME-CONTINUING> (1,927,275) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,927,275) <EPS-PRIMARY> (.15) <EPS-DILUTED> 13,290,058 <FN> <F1>This represents deficit accumulated during development stage. </FN>