<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> MAR-31-1999 <CASH> 10,549,567 <SECURITIES> 500,000 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 11,176,650 <PP&E> 970,959 <DEPRECIATION> (691,102) <TOTAL-ASSETS> 13,885,317 <CURRENT-LIABILITIES> 1,688,501 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 26,314 <OTHER-SE> 12,170,502 <TOTAL-LIABILITY-AND-EQUITY> 13,885,317 <SALES> 0 <TOTAL-REVENUES> 278,638 <CGS> 0 <TOTAL-COSTS> 3,178,691 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> (2,900,053) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (2,900,053) <EPS-PRIMARY> (.11) <EPS-DILUTED> (.11)