<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM 1ST QTR. 1996 10-QSB AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> MAR-31-1996 <CASH> 1,040,991 <SECURITIES> 0 <RECEIVABLES> 902,779 <ALLOWANCES> 0 <INVENTORY> 501,139 <CURRENT-ASSETS> 2,607,081 <PP&E> 4,708,245 <DEPRECIATION> 0 <TOTAL-ASSETS> 14,821,955 <CURRENT-LIABILITIES> 2,055,658 <BONDS> 9,756,721 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 560,955 <OTHER-SE> 2,377,679 <TOTAL-LIABILITY-AND-EQUITY> 14,821,955 <SALES> 0 <TOTAL-REVENUES> 2,599,102 <CGS> 1,074,862 <TOTAL-COSTS> 2,183,439 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 271,851 <INCOME-PRETAX> 173,547 <INCOME-TAX> 22,100 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 151,447 <EPS-PRIMARY> .07 <EPS-DILUTED> 0