<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> DEC-31-1996 <CASH> 20,288,535 <SECURITIES> 0 <RECEIVABLES> 13,669 <ALLOWANCES> 0 <INVENTORY> 3,362,252 <CURRENT-ASSETS> 24,191,891 <PP&E> 3,283,601 <DEPRECIATION> 556,381 <TOTAL-ASSETS> 26,951,465 <CURRENT-LIABILITIES> 6,003,261 <BONDS> 1,271,638 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 38,499,490 <OTHER-SE> (19,154,547) <TOTAL-LIABILITY-AND-EQUITY> 19,344,943 <SALES> 0 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 1,272,357 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 655,730 <INCOME-PRETAX> (13,165,358) <INCOME-TAX> 0 <INCOME-CONTINUING> (13,165,358) <DISCONTINUED> 0 <EXTRAORDINARY> (573,303) <CHANGES> 0 <NET-INCOME> (13,738,661) <EPS-PRIMARY> (1.93) <EPS-DILUTED> (1.93)