<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> JUN-30-1999 <CASH> 51,107,042 <SECURITIES> 0 <RECEIVABLES> 994,071 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 52,796,691 <PP&E> 1,505,597 <DEPRECIATION> 476,715 <TOTAL-ASSETS> 64,664,171 <CURRENT-LIABILITIES> 1,686,340 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 28,446 <OTHER-SE> 62,949,385 <TOTAL-LIABILITY-AND-EQUITY> 64,664,171 <SALES> 1,299,420 <TOTAL-REVENUES> 1,299,420 <CGS> 0 <TOTAL-COSTS> 7,881,935 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (6,006,479) <INCOME-TAX> 0 <INCOME-CONTINUING> (6,006,479) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (6,006,479) <EPS-BASIC> (0.30) <EPS-DILUTED> (0.30)