<ARTICLE> 5
       
                                                  
<PERIOD-TYPE>                   YEAR                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1996             DEC-31-1995
<PERIOD-START>                             JAN-01-1996             JAN-01-1995
<PERIOD-END>                               DEC-31-1996             JAN-01-1995
<CASH>                                      21,886,219              17,517,743
<SECURITIES>                                 8,448,306                       0
<RECEIVABLES>                               11,088,046               5,741,694
<ALLOWANCES>                                         0                       0
<INVENTORY>                                          0                       0
<CURRENT-ASSETS>                            41,879,394              23,374,531
<PP&E>                                       4,102,709               2,926,234
<DEPRECIATION>                                       0                       0
<TOTAL-ASSETS>                              46,929,316              26,802,505
<CURRENT-LIABILITIES>                       24,931,216              13,505,284
<BONDS>                                              0                       0
<PREFERRED-MANDATORY>                                0              23,999,013
<PREFERRED>                                          0                   6,113
<COMMON>                                       144,140                  18,706
<OTHER-SE>                                  20,443,335            (21,712,349)
<TOTAL-LIABILITY-AND-EQUITY>                46,929,316              26,802,505
<SALES>                                     24,144,780              16,732,749
<TOTAL-REVENUES>                                     0                       0
<CGS>                                       11,866,768               7,782,945
<TOTAL-COSTS>                               63,177,221              15,181,453
<OTHER-EXPENSES>                                     0                       0
<LOSS-PROVISION>                                     0                       0
<INTEREST-EXPENSE>                             861,610                 441,901
<INCOME-PRETAX>                           (51,017,359)             (6,442,808)
<INCOME-TAX>                                         0                       0
<INCOME-CONTINUING>                                  0                       0
<DISCONTINUED>                                       0                       0
<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                              (51,017,359)             (6,442,808)
<EPS-PRIMARY>                                   (4.03)                   (.67)
<EPS-DILUTED>                                        0                       0