<ARTICLE> 5 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> DEC-31-1998 <CASH> 13,081,284 <SECURITIES> 0 <RECEIVABLES> 4,066,848 <ALLOWANCES> (347,065) <INVENTORY> 0 <CURRENT-ASSETS> 17,030,799 <PP&E> 2,484,354 <DEPRECIATION> 367,367 <TOTAL-ASSETS> 35,419,628 <CURRENT-LIABILITIES> 7,147,212 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 52,363,084 <OTHER-SE> (24,131,668) <TOTAL-LIABILITY-AND-EQUITY> 28,272,416 <SALES> 6,397,628 <TOTAL-REVENUES> 6,391,628 <CGS> 2,027,160 <TOTAL-COSTS> 21,002,369 <OTHER-EXPENSES> 317,186 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> (263,503) <INCOME-PRETAX> (14,658,424) <INCOME-TAX> 0 <INCOME-CONTINUING> (14,658,424) <DISCONTINUED> 0 <EXTRAORDINARY> 476,239 <CHANGES> 0 <NET-INCOME> (15,134,663) <EPS-PRIMARY> 1.35 <EPS-DILUTED> 1.35