<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JUL-01-1999 <PERIOD-END> SEP-30-1999 <CASH> 5,616,506 <SECURITIES> 4,005,598 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 1,332,334 <CURRENT-ASSETS> 11,396,297 <PP&E> 25,763,892 <DEPRECIATION> (3,301,693) <TOTAL-ASSETS> 34,418,620 <CURRENT-LIABILITIES> 5,616,283 <BONDS> 9,217,252 <PREFERRED-MANDATORY> 0 <PREFERRED> 16,538,395 <COMMON> 11,907 <OTHER-SE> 4,959,529 <TOTAL-LIABILITY-AND-EQUITY> 34,418,620 <SALES> 20,803 <TOTAL-REVENUES> 55,804 <CGS> 1,413,901 <TOTAL-COSTS> 1,413,901 <OTHER-EXPENSES> 2,757,583 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> (334,191) <INCOME-PRETAX> (4,307,472) <INCOME-TAX> 0 <INCOME-CONTINUING> (4,307,472) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (4,307,472) <EPS-BASIC> (.40) <EPS-DILUTED> (.40)