<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> SEP-30-1999 <CASH> 33,947,811 <SECURITIES> 0 <RECEIVABLES> 545,560 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 37,640,941 <PP&E> 1,818,299 <DEPRECIATION> 632,352 <TOTAL-ASSETS> 62,797,192 <CURRENT-LIABILITIES> 1,956,973 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 28,721 <OTHER-SE> 60,811,499 <TOTAL-LIABILITY-AND-EQUITY> 62,797,192 <SALES> 3,887,832 <TOTAL-REVENUES> 3,887,832 <CGS> 0 <TOTAL-COSTS> 16,884,120 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (11,827,980) <INCOME-TAX> 0 <INCOME-CONTINUING> (11,827,980) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (11,827,980) <EPS-BASIC> (0) <EPS-DILUTED> (0)