<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
UNAUDITED FINANCIAL STATEMENTS CONTAINED IN THE DECEMBER 31, 1997 TRANSITION
REPORT FILED ON FORM 10-QSB AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO
SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
                             
<PERIOD-TYPE>                   2-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               DEC-31-1997
<CASH>                                      11,438,289
<SECURITIES>                                         0
<RECEIVABLES>                                1,122,069
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                            12,661,472
<PP&E>                                       4,751,337
<DEPRECIATION>                               2,724,093
<TOTAL-ASSETS>                              14,706,819
<CURRENT-LIABILITIES>                        1,183,713
<BONDS>                                              0
<PREFERRED-MANDATORY>                            3,333
<PREFERRED>                                          0
<COMMON>                                        40,076
<OTHER-SE>                                  13,384,978
<TOTAL-LIABILITY-AND-EQUITY>                14,706,819
<SALES>                                        595,846
<TOTAL-REVENUES>                               706,725
<CGS>                                          326,159
<TOTAL-COSTS>                                  326,159
<OTHER-EXPENSES>                             1,516,493
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                      0
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                (1,135,927)
<EPS-PRIMARY>                                     (.14)
<EPS-DILUTED>                                     (.14)