<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> MAR-31-1999 <CASH> 539,655 <SECURITIES> 6,159,220 <RECEIVABLES> 40,694 <ALLOWANCES> 0 <INVENTORY> 215,559 <CURRENT-ASSETS> 7,061,512 <PP&E> 23,768,963 <DEPRECIATION> (2,616,434) <TOTAL-ASSETS> 28,672,139 <CURRENT-LIABILITIES> 3,193,176 <BONDS> 8,411,384 <PREFERRED-MANDATORY> 0 <PREFERRED> 16,430,857 <COMMON> 9,748 <OTHER-SE> 12,231,534 <TOTAL-LIABILITY-AND-EQUITY> 28,672,139 <SALES> 17,120 <TOTAL-REVENUES> 81,444 <CGS> 13,606 <TOTAL-COSTS> 62,615 <OTHER-EXPENSES> 3,174,151 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 344,165 <INCOME-PRETAX> (3,384,308) <INCOME-TAX> 0 <INCOME-CONTINUING> (3,384,308) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (3,384,308) <EPS-PRIMARY> (0.39) <EPS-DILUTED> (0.39)