<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> MAR-31-1998 <CASH> 863,703 <SECURITIES> 0 <RECEIVABLES> 366,777 <ALLOWANCES> 16,600 <INVENTORY> 84,762 <CURRENT-ASSETS> 1,615,939 <PP&E> 6,741,391 <DEPRECIATION> 820,387 <TOTAL-ASSETS> 43,978,138 <CURRENT-LIABILITIES> 10,136,964 <BONDS> 0 <PREFERRED-MANDATORY> 24,218 <PREFERRED> 0 <COMMON> 139 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 43,978,138 <SALES> 516,092 <TOTAL-REVENUES> 516,092 <CGS> 182,873 <TOTAL-COSTS> 1,662,657 <OTHER-EXPENSES> 652,581 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 460,370 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,799,146) <EPS-PRIMARY> (0.08) <EPS-DILUTED> (0.08)