<ARTICLE> 5 <RESTATED> <CURRENCY> U.S. DOLLARS <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> SEP-30-1997 <EXCHANGE-RATE> 1 <CASH> 19,413,439 <SECURITIES> 0 <RECEIVABLES> 567,859 <ALLOWANCES> 50,000 <INVENTORY> 528,144 <CURRENT-ASSETS> 20,958,174 <PP&E> 661,213 <DEPRECIATION> 185,078 <TOTAL-ASSETS> 33,404,016 <CURRENT-LIABILITIES> 7,707,988 <BONDS> 5,327,293 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 275 <OTHER-SE> 20,368,460 <TOTAL-LIABILITY-AND-EQUITY> 33,404,016 <SALES> 932,650 <TOTAL-REVENUES> 932,650 <CGS> 320,667 <TOTAL-COSTS> 320,667 <OTHER-EXPENSES> 7,961,092 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 833,033 <INCOME-PRETAX> (7,893,605) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (7,893,605) <EPS-PRIMARY> (2.46) <EPS-DILUTED> (2.46)