<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> APR-01-1999 <PERIOD-END> JUN-30-1999 <CASH> 17,336,166 <SECURITIES> 14,794,868 <RECEIVABLES> 100,000 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 32,324,784 <PP&E> 9,750,263 <DEPRECIATION> 5,374,228 <TOTAL-ASSETS> 36,704,086 <CURRENT-LIABILITIES> 2,117,217 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 12,669 <OTHER-SE> 34,554,260 <TOTAL-LIABILITY-AND-EQUITY> 36,704,086 <SALES> 0 <TOTAL-REVENUES> 1,412,239 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 6,414,880 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 3,538 <INCOME-PRETAX> (5,006,179) <INCOME-TAX> 0 <INCOME-CONTINUING> (5,006,179) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (5,006,179) <EPS-BASIC> (.40) <EPS-DILUTED> (.40)