<ARTICLE>                     5
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                              JUN-30-1998
<PERIOD-END>                                   MAR-31-1998
<CASH>                                             6946635
<SECURITIES>                                             0
<RECEIVABLES>                                         1449
<ALLOWANCES>                                             0
<INVENTORY>                                          10291
<CURRENT-ASSETS>                                   7474677
<PP&E>                                             6730820
<DEPRECIATION>                                     1603457
<TOTAL-ASSETS>                                    14595260
<CURRENT-LIABILITIES>                              1631631
<BONDS>                                            1359877
<PREFERRED-MANDATORY>                                    0
<PREFERRED>                                              0
<COMMON>                                               833
<OTHER-SE>                                        11602869
<TOTAL-LIABILITY-AND-EQUITY>                      14595260
<SALES>                                             405158
<TOTAL-REVENUES>                                    405158
<CGS>                                                81957
<TOTAL-COSTS>                                      5431600
<OTHER-EXPENSES>                                         0
<LOSS-PROVISION>                                         0
<INTEREST-EXPENSE>                                  108746
<INCOME-PRETAX>                                   (5260609)
<INCOME-TAX>                                       2684000
<INCOME-CONTINUING>                               (2576609)
<DISCONTINUED>                                     4473331
<EXTRAORDINARY>                                          0
<CHANGES>                                                0
<NET-INCOME>                                       1896722
<EPS-PRIMARY>                                         0.22
<EPS-DILUTED>                                         0.21