<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE REGISTRANT'S FORM 10-QSB FOR THE QUARTER ENDED JUNE 30, 1996 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> JUN-30-1996 <CASH> 536,000 <SECURITIES> 1,058,000 <RECEIVABLES> 28,000 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,626,000 <PP&E> 269,000 <DEPRECIATION> 0 <TOTAL-ASSETS> 3,653,000 <CURRENT-LIABILITIES> 2,264,000 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 11,157,000 <OTHER-SE> (712,400) <TOTAL-LIABILITY-AND-EQUITY> 3,653,000 <SALES> 0 <TOTAL-REVENUES> 0 <CGS> 5,000 <TOTAL-COSTS> 5,000 <OTHER-EXPENSES> 531,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> (13,000) <INCOME-PRETAX> (523,000) <INCOME-TAX> (178,000) <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (701,000) <EPS-PRIMARY> (.05) <EPS-DILUTED> (.05)