<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> MAR-31-1997 <PERIOD-END> DEC-31-1996 <CASH> 839,640 <SECURITIES> 0 <RECEIVABLES> 89,393 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,490,808 <PP&E> 14,111,071 <DEPRECIATION> 2,612,804 <TOTAL-ASSETS> 13,650,328 <CURRENT-LIABILITIES> 3,963,319 <BONDS> 850,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 8,676,336 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 13,650,328 <SALES> 14,092,914 <TOTAL-REVENUES> 14,092,914 <CGS> 4,409,412 <TOTAL-COSTS> 14,673,198 <OTHER-EXPENSES> (5,951,850) <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 469,357 <INCOME-PRETAX> (1,032,547) <INCOME-TAX> 2,400 <INCOME-CONTINUING> (1,034,947) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,034,947) <EPS-PRIMARY> (0.16) <EPS-DILUTED> (0.16)