<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> JUN-30-1997 <CASH> 6,357,867 <SECURITIES> 4,588,917 <RECEIVABLES> 980,552 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 12,669,629 <PP&E> 10,324,043 <DEPRECIATION> 8,337,745 <TOTAL-ASSETS> 14,735,094 <CURRENT-LIABILITIES> 3,611,229 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 10,518,578 <COMMON> 120,944 <OTHER-SE> 484,343 <TOTAL-LIABILITY-AND-EQUITY> 14,735,094 <SALES> 1,394,822 <TOTAL-REVENUES> 1,394,822 <CGS> 462,269 <TOTAL-COSTS> 462,269 <OTHER-EXPENSES> 12,636,799 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 94,489 <INCOME-PRETAX> (11,455,954) <INCOME-TAX> 0 <INCOME-CONTINUING> (11,455,954) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (11,455,954) <EPS-PRIMARY> (1.05) <EPS-DILUTED> 0