<ARTICLE> 5 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> DEC-31-1999 <CASH> 18,684,633 <SECURITIES> 0 <RECEIVABLES> 7,376,738 <ALLOWANCES> 248,175 <INVENTORY> 0 <CURRENT-ASSETS> 25,833,196 <PP&E> 2,783,005 <DEPRECIATION> 1,799,701 <TOTAL-ASSETS> 28,219,774 <CURRENT-LIABILITIES> 8,972,827 <BONDS> 0 <PREFERRED-MANDATORY> 22,773,049 <PREFERRED> 0 <COMMON> 275,848 <OTHER-SE> (3,801,950) <TOTAL-LIABILITY-AND-EQUITY> 28,219,774 <SALES> 0 <TOTAL-REVENUES> 12,175,613 <CGS> 0 <TOTAL-COSTS> 7,540,319 <OTHER-EXPENSES> 21,596,150 <LOSS-PROVISION> 218,000 <INTEREST-EXPENSE> 3,573,693 <INCOME-PRETAX> (20,534,549) <INCOME-TAX> (6,516,996) <INCOME-CONTINUING> (14,017,553) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (14,017,553) <EPS-BASIC> (0.52) <EPS-DILUTED> (0.52)