<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> APR-01-1997 <PERIOD-END> JUN-30-1997 <CASH> 1,374,844 <SECURITIES> 7,919,487 <RECEIVABLES> 122,500 <ALLOWANCES> 0 <INVENTORY> 167,560 <CURRENT-ASSETS> 11,234,140 <PP&E> 8,075,401 <DEPRECIATION> 4,696,595 <TOTAL-ASSETS> 14,672,537 <CURRENT-LIABILITIES> 3,343,303 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 23 <COMMON> 130,014 <OTHER-SE> 11,199,197 <TOTAL-LIABILITY-AND-EQUITY> 14,672,537 <SALES> 0 <TOTAL-REVENUES> 690,000 <CGS> 0 <TOTAL-COSTS> 6,532,321 <OTHER-EXPENSES> 15,458 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (5,691,691) <INCOME-TAX> 0 <INCOME-CONTINUING> (5,691,691) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (5,691,691) <EPS-PRIMARY> (.24) <EPS-DILUTED> 0