<ARTICLE> 5 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> DEC-31-1998 <CASH> 402,664 <SECURITIES> 0 <RECEIVABLES> 316,058 <ALLOWANCES> 0 <INVENTORY> 570,347 <CURRENT-ASSETS> 1,608,391 <PP&E> 17,402,814 <DEPRECIATION> 9,317,564 <TOTAL-ASSETS> 11,564,093 <CURRENT-LIABILITIES> 3,413,415 <BONDS> 3,930,590 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 393,848 <OTHER-SE> 3,826,240 <TOTAL-LIABILITY-AND-EQUITY> 11,564,093 <SALES> 37,750 <TOTAL-REVENUES> 5,049,844 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 11,109,576 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 784,972 <INCOME-PRETAX> (6,737,202) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> (143,810) <CHANGES> 0 <NET-INCOME> (6,881,012) <EPS-PRIMARY> (.18) <EPS-DILUTED> (.18)