<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE QUARTERLY REPORT ON FORM 10-Q FOR THE PERIOD ENDED JUNE 30, 1996 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1 <CURRENCY> U.S. DOLLARS <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> JUN-30-1996 <EXCHANGE-RATE> 1 <CASH> 18,613,906 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 19,281,945 <PP&E> 6,763,181 <DEPRECIATION> 5,283,637 <TOTAL-ASSETS> 20,761,489 <CURRENT-LIABILITIES> 6,382,191 <BONDS> 0 <COMMON> 13,564 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 14,365,734 <TOTAL-LIABILITY-AND-EQUITY> 20,761,489 <SALES> 0 <TOTAL-REVENUES> 1,746,301 <CGS> 0 <TOTAL-COSTS> 7,605,823 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (5,319,608) <INCOME-TAX> 0 <INCOME-CONTINUING> (5,319,608) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (5,319,608) <EPS-PRIMARY> (0.39) <EPS-DILUTED> (0.39)