<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FINANCIAL STATEMENTS FOR THE PERIOD ENDED JUNE 30, 1997 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> JUN-30-1997 <PERIOD-END> JUN-30-1997 <CASH> 2,310,163 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,353,286 <PP&E> 288,939 <DEPRECIATION> 88,328 <TOTAL-ASSETS> 2,538,897 <CURRENT-LIABILITIES> 364,387 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 230 <COMMON> 3,017 <OTHER-SE> 13,415,844 <TOTAL-LIABILITY-AND-EQUITY> 2,538,897 <SALES> 0 <TOTAL-REVENUES> 2,288 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 2,763,940 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> (45,073) <INCOME-PRETAX> (2,837,693) <INCOME-TAX> 0 <INCOME-CONTINUING> (2,837,693) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (2,837,693) <EPS-PRIMARY> (.97) <EPS-DILUTED> (.97)