<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> JUN-30-1997 <CASH> 1,807,000 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,953,000 <PP&E> 4,370,000 <DEPRECIATION> 1,565,000 <TOTAL-ASSETS> 6,022,000 <CURRENT-LIABILITIES> 1,647,000 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 538,000 <COMMON> 235,000 <OTHER-SE> 2,907,000 <TOTAL-LIABILITY-AND-EQUITY> 6,022,000 <SALES> 0 <TOTAL-REVENUES> 131,000 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 5,077,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 85,000 <INCOME-PRETAX> (5,031,000) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (5,031,000) <EPS-PRIMARY> (0.28) <EPS-DILUTED> (0.18)