<ARTICLE> 5 <PERIOD-TYPE> 3-MOS 9-MOS <FISCAL-YEAR-END> DEC-31-1996 DEC-31-1996 <PERIOD-START> JUL-01-1996 JAN-01-1996 <PERIOD-END> SEP-30-1996 SEP-30-1996 <CASH> 4,335,000 4,335,000 <SECURITIES> 2,000,000 2,000,000 <RECEIVABLES> 0 0 <ALLOWANCES> 0 0 <INVENTORY> 106,000 106,000 <CURRENT-ASSETS> 6,572,000 6,572,000 <PP&E> 0 0 <DEPRECIATION> 0 0 <TOTAL-ASSETS> 6,651,000 6,651,000 <CURRENT-LIABILITIES> 1,343,000 1,343,000 <BONDS> 0 0 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 0 0 <COMMON> 125,000 125,000 <OTHER-SE> 5,183,000 5,183,000 <TOTAL-LIABILITY-AND-EQUITY> 6,651,000 6,651,000 <SALES> 0 0 <TOTAL-REVENUES> 0 0 <CGS> 0 0 <TOTAL-COSTS> 0 0 <OTHER-EXPENSES> 984,000 2,601,000 <LOSS-PROVISION> 0 0 <INTEREST-EXPENSE> 0 0 <INCOME-PRETAX> (912,000) (2,342,000) <INCOME-TAX> 0 0 <INCOME-CONTINUING> 0 0 <DISCONTINUED> 0 0 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> (912,000) (2,342,000) <EPS-PRIMARY> ($0.36) ($0.94) <EPS-DILUTED> 0 0