<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-END> MAR-31-1995 <CASH> 632,360 <SECURITIES> 6,295,348 <RECEIVABLES> 142,858 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 7,633,727 <PP&E> 8,426,519 <DEPRECIATION> 6,658,285 <TOTAL-ASSETS> 9,443,211 <CURRENT-LIABILITIES> 1,523,567 <BONDS> 0 <COMMON> 78,627 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 7,841,016 <TOTAL-LIABILITY-AND-EQUITY> 9,443,211 <SALES> 18,588 <TOTAL-REVENUES> 266,978 <CGS> 160,377 <TOTAL-COSTS> 160,377 <OTHER-EXPENSES> 2,253,183 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> (2,146,582) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (2,146,582) <EPS-PRIMARY> (.27) <EPS-DILUTED> 0