<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-2000 <PERIOD-START> JAN-01-2000 <PERIOD-END> MAR-31-2000 <CASH> 8,185,941 <SECURITIES> 6,222,284 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 16,468,041 <PP&E> 9,756,976 <DEPRECIATION> (6,987,238) <TOTAL-ASSETS> 19,352,875 <CURRENT-LIABILITIES> 3,071,020 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 174,687 <OTHER-SE> 16,107,168 <TOTAL-LIABILITY-AND-EQUITY> 19,352,875 <SALES> 0 <TOTAL-REVENUES> 522,608 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 5,712,884 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> (4,986,858) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (4,986,858) <EPS-BASIC> (0.14) <EPS-DILUTED> (0.14)