<ARTICLE> 5 <RESTATED> <MULTIPLIER> 1 <CURRENCY> U.S. DOLLARS <PERIOD-TYPE> YEAR YEAR YEAR <FISCAL-YEAR-END> DEC-31-1994 DEC-31-1995 DEC-31-1996 <PERIOD-START> JAN-01-1994 JAN-01-1995 JAN-01-1996 <PERIOD-END> DEC-31-1994 DEC-31-1995 DEC-31-1996 <EXCHANGE-RATE> 1 1 1 <CASH> 0 9,659,017 6,002,050 <SECURITIES> 0 0 0 <RECEIVABLES> 0 0 0 <ALLOWANCES> 0 0 0 <INVENTORY> 0 0 0 <CURRENT-ASSETS> 0 9,917,600 6,208,065 <PP&E> 0 1,949,247 2,341,143 <DEPRECIATION> 0 (686,427) (1,156,918) <TOTAL-ASSETS> 0 11,348,849 8,486,095 <CURRENT-LIABILITIES> 0 2,654,203 3,554,933 <BONDS> 0 0 0 <PREFERRED-MANDATORY> 0 0 0 <PREFERRED> 0 2,621 3,002 <COMMON> 0 1,418 1,929 <OTHER-SE> 0 8,658,600 4,834,104 <TOTAL-LIABILITY-AND-EQUITY> 0 11,348,849 8,486,095 <SALES> 0 0 0 <TOTAL-REVENUES> 4,796,348 6,798,935 3,609,541 <CGS> 0 0 0 <TOTAL-COSTS> 0 0 0 <OTHER-EXPENSES> 6,874,101 9,642,463 14,280,463 <LOSS-PROVISION> 0 0 0 <INTEREST-EXPENSE> 43,017 16,821 18,347 <INCOME-PRETAX> (1,800,089) (2,360,321) (10,206,885) <INCOME-TAX> 0 0 0 <INCOME-CONTINUING> 0 0 0 <DISCONTINUED> 0 0 0 <EXTRAORDINARY> 0 0 0 <CHANGES> 0 0 0 <NET-INCOME> (1,800,089) (2,360,321) (10,206,885) <EPS-PRIMARY> 0 0 (1.55) <EPS-DILUTED> 0 0 0