<ARTICLE> 5 <PERIOD-TYPE> YEAR YEAR <FISCAL-YEAR-END> JUN-30-2000 JUN-30-1999 <PERIOD-START> JUL-01-1999 JUL-01-1998 <PERIOD-END> JUN-30-2000 JUN-30-1999 <CASH> 15,049,300 5,482,800 <SECURITIES> 0 0 <RECEIVABLES> 2,218,400 538,400 <ALLOWANCES> 922,500 80,100 <INVENTORY> 0 0 <CURRENT-ASSETS> 18,930,400 9,668,000 <PP&E> 18,812,300 2,253,500 <DEPRECIATION> (3,306,900) (369,300) <TOTAL-ASSETS> 62,530,900 18,861,500 <CURRENT-LIABILITIES> 15,822,200 2,447,200 <BONDS> 0 0 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 14,900,000 0 <COMMON> 265,900 136,600 <OTHER-SE> 13,288,800 15,960,800 <TOTAL-LIABILITY-AND-EQUITY> 62,530,900 18,861,500 <SALES> 0 725,300 <TOTAL-REVENUES> 10,689,300 725,300 <CGS> 0 445,500 <TOTAL-COSTS> 8,487,000 3,656,300 <OTHER-EXPENSES> 53,502,300 107,700 <LOSS-PROVISION> 0 0 <INTEREST-EXPENSE> 611,300 0 <INCOME-PRETAX> (50,615,400) (2,526,400) <INCOME-TAX> 2,771,400 (811,000) <INCOME-CONTINUING> (47,844,000) (1,715,400) <DISCONTINUED> 1,967,000 3,117,600 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> (45,877,000) 1,402,200 <EPS-BASIC> (4.52) 0.22 <EPS-DILUTED> (4.52) 0.22