<ARTICLE> 5 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> SEP-30-1996 <PERIOD-END> SEP-30-1996 <CASH> 1,404,873 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,554,764 <PP&E> 2,718,298 <DEPRECIATION> 1,068,515 <TOTAL-ASSETS> 3,461,214 <CURRENT-LIABILITIES> 1,500,667 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 20,220 <COMMON> 149,842 <OTHER-SE> 908,965 <TOTAL-LIABILITY-AND-EQUITY> 3,461,214 <SALES> 0 <TOTAL-REVENUES> 115,022 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 9,335,975 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 170,652 <INCOME-PRETAX> (9,391,605) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (9,391,605) <EPS-PRIMARY> (1.66) <EPS-DILUTED> (1.07)