<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> APR-01-1998 <PERIOD-END> JUN-30-1998 <CASH> 13,973 <SECURITIES> 0 <RECEIVABLES> 52,382 <ALLOWANCES> 0 <INVENTORY> 24,041,630 <CURRENT-ASSETS> 24,462,942 <PP&E> 3,439,581 <DEPRECIATION> 0 <TOTAL-ASSETS> 30,727,512 <CURRENT-LIABILITIES> 5,359,494 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 11,039,062 <OTHER-SE> 13,782,704 <TOTAL-LIABILITY-AND-EQUITY> 30,727,512 <SALES> 353,459 <TOTAL-REVENUES> 15,601,332 <CGS> 5,325,757 <TOTAL-COSTS> 5,325,757 <OTHER-EXPENSES> 8,609,451 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 372,907 <INCOME-PRETAX> 1,427,768 <INCOME-TAX> 606,000 <INCOME-CONTINUING> 821,768 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 821,768 <EPS-PRIMARY> .19 <EPS-DILUTED> .19