<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> SEP-30-1996 <PERIOD-START> SEP-30-1995 <PERIOD-END> MAR-31-1996 <CASH> 2,834,240 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,936,559 <PP&E> 1,807,238 <DEPRECIATION> 775,508 <TOTAL-ASSETS> 4,262,473 <CURRENT-LIABILITIES> 930,472 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 48,120 <COMMON> 71,092 <OTHER-SE> 2,643,193 <TOTAL-LIABILITY-AND-EQUITY> 4,262,473 <SALES> 0 <TOTAL-REVENUES> 79,673 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 3,753,890 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 76,559 <INCOME-PRETAX> (3,750,776) <INCOME-TAX> 0 <INCOME-CONTINUING> (3,750,776) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 3,750,776 <EPS-PRIMARY> (.83) <EPS-DILUTED> 0