<ARTICLE> 5 <MULTIPLIER> 1 <CURRENCY> U.S. DOLLARS <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> MAR-31-1998 <EXCHANGE-RATE> 1 <CASH> 642,292 <SECURITIES> 2,529,662 <RECEIVABLES> 883,252 <ALLOWANCES> (50,000) <INVENTORY> 1,092,163 <CURRENT-ASSETS> 5,563,555 <PP&E> 1,180,327 <DEPRECIATION> (346,779) <TOTAL-ASSETS> 17,928,182 <CURRENT-LIABILITIES> 6,090,377 <BONDS> 702,548 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 277 <OTHER-SE> 47,951,414 <TOTAL-LIABILITY-AND-EQUITY> 17,928,182 <SALES> 1,314,049 <TOTAL-REVENUES> 1,314,049 <CGS> 470,347 <TOTAL-COSTS> 470,347 <OTHER-EXPENSES> 4,972,043 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 471,313 <INCOME-PRETAX> (4,440,832) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (4,440,832) <EPS-PRIMARY> (0.64) <EPS-DILUTED> (0.64)