<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> MAR-31-1998 <CASH> 725,113 <SECURITIES> 29,750,756 <RECEIVABLES> 816,903 <ALLOWANCES> 19,276 <INVENTORY> 944,038 <CURRENT-ASSETS> 32,400,812 <PP&E> 3,499,620 <DEPRECIATION> 991,388 <TOTAL-ASSETS> 35,109,265 <CURRENT-LIABILITIES> 1,345,331 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 48,396,005 <OTHER-SE> (14,632,071) <TOTAL-LIABILITY-AND-EQUITY> 35,109,265 <SALES> 636,734 <TOTAL-REVENUES> 703,534 <CGS> 968,712 <TOTAL-COSTS> 1,841,225 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (731,400) <INCOME-TAX> (156,000) <INCOME-CONTINUING> (887,400) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (887,400) <EPS-PRIMARY> (0.07) <EPS-DILUTED> (0.07)