<ARTICLE> 5
       
                                                  
<PERIOD-TYPE>                   3-MOS                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1997             DEC-31-1997
<PERIOD-START>                             APR-01-1997             JAN-01-1997
<PERIOD-END>                               JUN-30-1997             JUN-30-1997
<CASH>                                      28,422,709              28,422,709
<SECURITIES>                                         0                       0
<RECEIVABLES>                                        0                       0
<ALLOWANCES>                                         0                       0
<INVENTORY>                                    175,551                 175,551
<CURRENT-ASSETS>                            28,837,223              28,837,223
<PP&E>                                         557,187                 557,187
<DEPRECIATION>                                 147,336                 147,336
<TOTAL-ASSETS>                              30,332,539              30,322,539
<CURRENT-LIABILITIES>                        2,051,606               2,051,606
<BONDS>                                              0                       0
<PREFERRED-MANDATORY>                                0                       0
<PREFERRED>                                          0                       0
<COMMON>                                           275                     275
<OTHER-SE>                                  23,461,309              23,461,309
<TOTAL-LIABILITY-AND-EQUITY>                30,332,539              30,332,539
<SALES>                                              0                       0
<TOTAL-REVENUES>                                     0                       0
<CGS>                                                0                       0
<TOTAL-COSTS>                                        0                       0
<OTHER-EXPENSES>                             2,316,152               4,817,093
<LOSS-PROVISION>                                     0                       0
<INTEREST-EXPENSE>                             305,173                 325,089
<INCOME-PRETAX>                              2,453,013               4,891,883
<INCOME-TAX>                                         0                       0
<INCOME-CONTINUING>                                  0                       0
<DISCONTINUED>                                       0                       0
<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                                 2,453,013               4,891,883
<EPS-PRIMARY>                                   (0.74)                  (2.35)
<EPS-DILUTED>                                   (0.74)                  (2.35)