<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> SEP-30-1998 <CASH> 7,217,107 <SECURITIES> 0 <RECEIVABLES> 118,504 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 7,371,971 <PP&E> 1,677,399 <DEPRECIATION> (642,416) <TOTAL-ASSETS> 9,983,378 <CURRENT-LIABILITIES> 212,059 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 5,997,599 <COMMON> 121,724 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 9,983,378 <SALES> 198,692 <TOTAL-REVENUES> 198,692 <CGS> 0 <TOTAL-COSTS> 1,484,477 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (1,180,558) <INCOME-TAX> 0 <INCOME-CONTINUING> (1,180,558) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,180,558) <EPS-PRIMARY> 0.00 <EPS-DILUTED> 0.00