<ARTICLE> 5 <CURRENCY> U.S. DOLLARS <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> DEC-31-1998 <EXCHANGE-RATE> 1 <CASH> 2,171,777 <SECURITIES> 0 <RECEIVABLES> 966,497 <ALLOWANCES> 48,190 <INVENTORY> 919,785 <CURRENT-ASSETS> 4,284,852 <PP&E> 1,387,736 <DEPRECIATION> 656,842 <TOTAL-ASSETS> 16,300,930 <CURRENT-LIABILITIES> 3,816,436 <BONDS> 8,681,474 <PREFERRED-MANDATORY> 0 <PREFERRED> 6,461,251 <COMMON> 279 <OTHER-SE> 48,400,440 <TOTAL-LIABILITY-AND-EQUITY> 16,300,930 <SALES> 4,352,899 <TOTAL-REVENUES> 4,475,718 <CGS> 2,306,717 <TOTAL-COSTS> 2,306,717 <OTHER-EXPENSES> 18,381,744 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,220,665 <INCOME-PRETAX> (17,064,838) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> (1,166,463) <CHANGES> 0 <NET-INCOME> (18,680,470) <EPS-PRIMARY> (2.69) <EPS-DILUTED> (2.69)