<ARTICLE> 5
<CURRENCY> U.S. DOLLARS
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               DEC-31-1997
<EXCHANGE-RATE>                                      1
<CASH>                                      11,700,612
<SECURITIES>                                 2,527,900
<RECEIVABLES>                                  815,609
<ALLOWANCES>                                    50,000
<INVENTORY>                                    789,498
<CURRENT-ASSETS>                            15,908,493
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                              28,433,463
<CURRENT-LIABILITIES>                       11,666,637
<BONDS>                                      1,252,068
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                           275
<OTHER-SE>                                  15,514,483
<TOTAL-LIABILITY-AND-EQUITY>                28,433,463
<SALES>                                      2,073,458
<TOTAL-REVENUES>                             2,073,458
<CGS>                                          951,513
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<OTHER-EXPENSES>                            12,975,935
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                           1,358,850
<INCOME-PRETAX>                           (12,745,440)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                  0
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<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                              (12,745,440)
<EPS-PRIMARY>                                   (3.08)
<EPS-DILUTED>                                   (3.08)