<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> MAR-31-1997 <CASH> 4,016,348 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 4,158,009 <PP&E> 686,389 <DEPRECIATION> (609,784) <TOTAL-ASSETS> 5,748,931 <CURRENT-LIABILITIES> 1,019,649 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 50 <COMMON> 16,360 <OTHER-SE> 4,712,872 <TOTAL-LIABILITY-AND-EQUITY> 4,729,282 <SALES> 0 <TOTAL-REVENUES> 96,401 <CGS> 0 <TOTAL-COSTS> 2,407,635 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> (2,311,234) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (2,311,234) <EPS-PRIMARY> (.14) <EPS-DILUTED> (.14)