<ARTICLE> 5 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> DEC-31-1999 <CASH> 22,455,448 <SECURITIES> 0 <RECEIVABLES> 2,234,076 <ALLOWANCES> 189,000 <INVENTORY> 0 <CURRENT-ASSETS> 24,875,614 <PP&E> 1,152,273 <DEPRECIATION> 538,886 <TOTAL-ASSETS> 25,534,378 <CURRENT-LIABILITIES> 1,898,555 <BONDS> 78,756 <PREFERRED-MANDATORY> 35,315,984 <PREFERRED> 0 <COMMON> 2,838 <OTHER-SE> (11,761,755) <TOTAL-LIABILITY-AND-EQUITY> 25,534,378 <SALES> 0 <TOTAL-REVENUES> 3,658,815 <CGS> 0 <TOTAL-COSTS> 1,125,050 <OTHER-EXPENSES> 9,265,673 <LOSS-PROVISION> 155,770 <INTEREST-EXPENSE> 26,759 <INCOME-PRETAX> 6,599,996 <INCOME-TAX> 0 <INCOME-CONTINUING> 6,599,996 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 6,599,996 <EPS-BASIC> (11.42) <EPS-DILUTED> (11.42)