<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from 2nd Quarter 10-QSB and is qualified in its entirety by reference to such financial statements. </LEGEND> <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> JUN-30-1997 <CASH> 1,635,732 <SECURITIES> 0 <RECEIVABLES> 1,230,165 <ALLOWANCES> 0 <INVENTORY> 950,930 <CURRENT-ASSETS> 4,078,237 <PP&E> 11,896,458 <DEPRECIATION> 0 <TOTAL-ASSETS> 44,834,606 <CURRENT-LIABILITIES> 4,636,225 <BONDS> 0 <COMMON> 1,113,298 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 9,784,576 <TOTAL-LIABILITY-AND-EQUITY> 44,834,606 <SALES> 0 <TOTAL-REVENUES> 6,178,623 <CGS> 1,783,996 <TOTAL-COSTS> 5,371,171 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,054,890 <INCOME-PRETAX> (243,356) <INCOME-TAX> 4,600 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (247,956) <EPS-PRIMARY> (.06) <EPS-DILUTED> 0