<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FORM 10 QSB AS FILED AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH PROSPECTUS DATED JUNE 21, 1996. </LEGEND> <MULTIPLIER> 1 <CURRENCY> US DOLLARS <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> APR-01-1996 <PERIOD-END> JUN-30-1996 <EXCHANGE-RATE> 1 <CASH> 8,095,297 <SECURITIES> 0 <RECEIVABLES> 25,698 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 8,245,448 <PP&E> 631,047 <DEPRECIATION> 147,350 <TOTAL-ASSETS> 8,729,145 <CURRENT-LIABILITIES> 1,923,796 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 2,893 <OTHER-SE> 6,709,788 <TOTAL-LIABILITY-AND-EQUITY> 8,729,145 <SALES> 59,839 <TOTAL-REVENUES> 59,839 <CGS> 12,098 <TOTAL-COSTS> 1,434,077 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 38,158 <INCOME-PRETAX> (1,424,494) <INCOME-TAX> 0 <INCOME-CONTINUING> (1,424,494) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,424,494) <EPS-PRIMARY> (1.90) <EPS-DILUTED> (1.90)