<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> JUN-30-1998 <CASH> 8,344,316 <SECURITIES> 0 <RECEIVABLES> 69,949 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 8,521,465 <PP&E> 1,601,640 <DEPRECIATION> (607,899) <TOTAL-ASSETS> 11,104,600 <CURRENT-LIABILITIES> 266,577 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 5,997,599 <COMMON> 121,483 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 11,104,600 <SALES> 120,055 <TOTAL-REVENUES> 120,055 <CGS> 0 <TOTAL-COSTS> 1,398,014 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (1,158,839) <INCOME-TAX> 0 <INCOME-CONTINUING> (1,158,839) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,158,839) <EPS-PRIMARY> (0.10) <EPS-DILUTED> (0.10)