<ARTICLE> 5 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-START> JAN-01-1995 <PERIOD-END> DEC-31-1995 <CASH> 19,300,515 <SECURITIES> 13,117,217 <RECEIVABLES> 3,163,744 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 36,765,785 <PP&E> 3,311,184 <DEPRECIATION> 1,320,647 <TOTAL-ASSETS> 38,878,515 <CURRENT-LIABILITIES> 14,187,654 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 85,107 <OTHER-SE> 24,519,798 <TOTAL-LIABILITY-AND-EQUITY> 38,878,515 <SALES> 23,185,833 <TOTAL-REVENUES> 23,185,833 <CGS> 6,397,094 <TOTAL-COSTS> 21,762,877 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 2,320,064 <INCOME-TAX> 183,000 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,137,064 <EPS-PRIMARY> 0.43 <EPS-DILUTED> 0