<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> JUN-30-1996 <PERIOD-END> JUN-30-1996 <CASH> 13,159,404 <SECURITIES> 0 <RECEIVABLES> 502,996 <ALLOWANCES> 0 <INVENTORY> 82,972 <CURRENT-ASSETS> 13,775,742 <PP&E> 3,239,936 <DEPRECIATION> 476,573 <TOTAL-ASSETS> 16,543,253 <CURRENT-LIABILITIES> 1,001,629 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 808 <OTHER-SE> 15,540,816 <TOTAL-LIABILITY-AND-EQUITY> 16,543,253 <SALES> 4,256,887 <TOTAL-REVENUES> 4,256,887 <CGS> 0 <TOTAL-COSTS> 7,735,565 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 50,411 <INCOME-PRETAX> (4,433,081) <INCOME-TAX> 0 <INCOME-CONTINUING> (3,433,081) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (3,433,081) <EPS-PRIMARY> (0.58) <EPS-DILUTED> (0.58)