<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> DEC-31-1998 <CASH> 376,745 <SECURITIES> 0 <RECEIVABLES> 548,442 <ALLOWANCES> 0 <INVENTORY> 1,554,694 <CURRENT-ASSETS> 3,318,098 <PP&E> 61,001,501 <DEPRECIATION> 4,707,103 <TOTAL-ASSETS> 60,861,334 <CURRENT-LIABILITIES> 8,220,206 <BONDS> 6,110,961 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 5,279,385 <OTHER-SE> 41,250,782 <TOTAL-LIABILITY-AND-EQUITY> 60,861,334 <SALES> 11,394,009 <TOTAL-REVENUES> 11,854,606 <CGS> 0 <TOTAL-COSTS> 11,281,139 <OTHER-EXPENSES> 5,910,556 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,912,949 <INCOME-PRETAX> (9,103,113) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (9,103,113) <EPS-PRIMARY> (0.0) <EPS-DILUTED> 0