<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> MAR-31-1998 <CASH> 8,344,484 <SECURITIES> 9,522,165 <RECEIVABLES> 906,116 <ALLOWANCES> 105,160 <INVENTORY> 1,189,182 <CURRENT-ASSETS> 21,296,065 <PP&E> 14,226,201 <DEPRECIATION> 2,819,054 <TOTAL-ASSETS> 36,059,650 <CURRENT-LIABILITIES> 6,073,940 <BONDS> 4,389,775 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 22,807 <OTHER-SE> 25,573,128 <TOTAL-LIABILITY-AND-EQUITY> 36,059,650 <SALES> 863,891 <TOTAL-REVENUES> 863,891 <CGS> 224,473 <TOTAL-COSTS> 224,473 <OTHER-EXPENSES> 5,226,696 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 10,623 <INCOME-PRETAX> (7,063,612) <INCOME-TAX> 0 <INCOME-CONTINUING> (7,063,612) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (7,063,612) <EPS-PRIMARY> (0.31) <EPS-DILUTED> (0.31)