<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> MAR-31-1998 <CASH> 4,101,520 <SECURITIES> 141,201 <RECEIVABLES> 787,242 <ALLOWANCES> 0 <INVENTORY> 504,872 <CURRENT-ASSETS> 6,056,259 <PP&E> 224,800 <DEPRECIATION> 0 <TOTAL-ASSETS> 15,255,057 <CURRENT-LIABILITIES> 2,157,452 <BONDS> 868,680 <PREFERRED-MANDATORY> 456,250 <PREFERRED> 0 <COMMON> 6,133 <OTHER-SE> 10,018,580 <TOTAL-LIABILITY-AND-EQUITY> 15,255,057 <SALES> 647,753 <TOTAL-REVENUES> 647,753 <CGS> 420,535 <TOTAL-COSTS> 420,535 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (1,665,611) <INCOME-TAX> (79,800) <INCOME-CONTINUING> (1,585,811) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,585,811) <EPS-PRIMARY> (.28) <EPS-DILUTED> (.28)