<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> DEC-31-1999 <CASH> 10,365 <SECURITIES> 22,870 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 35,638 <PP&E> 18,998 <DEPRECIATION> 5,632 <TOTAL-ASSETS> 52,239 <CURRENT-LIABILITIES> 4,154 <BONDS> 7,300 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 114 <OTHER-SE> 40,671 <TOTAL-LIABILITY-AND-EQUITY> 52,239 <SALES> 0 <TOTAL-REVENUES> 422 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 15,169 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 433 <INCOME-PRETAX> (13,318) <INCOME-TAX> 0 <INCOME-CONTINUING> (13,318) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (13,318) <EPS-BASIC> (1.25) <EPS-DILUTED> (1.25)