<ARTICLE> 5
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             APR-01-1996
<PERIOD-END>                               JUN-30-1996
<CASH>                                         6663000
<SECURITIES>                                         0
<RECEIVABLES>                                   307000
<ALLOWANCES>                                         0
<INVENTORY>                                    1835000
<CURRENT-ASSETS>                               9069000
<PP&E>                                         8380000<F1>
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                                17690000
<CURRENT-LIABILITIES>                          2899000
<BONDS>                                        9041000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                      45978000
<OTHER-SE>                                      169000<F2>
<TOTAL-LIABILITY-AND-EQUITY>                  17690000
<SALES>                                        1183000
<TOTAL-REVENUES>                               1183000
<CGS>                                                0
<TOTAL-COSTS>                                  6209000
<OTHER-EXPENSES>                             (188,000)<F3>
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              829000
<INCOME-PRETAX>                                5667000
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                            5667000
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   5667000
<EPS-PRIMARY>                                     0.85
<EPS-DILUTED>                                     0.85

<FN>

<F1> This value is net of depreciation.

<F2> Value represents redeemable common stock and redeemable common stock 
     warrants.

<F3> Amount includes $244,000 of interest income.

</FN>