<ARTICLE> 5 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> DEC-31-1998 <CASH> 513,712 <SECURITIES> 24,603 <RECEIVABLES> 30,000 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 568,921 <PP&E> 110,254 <DEPRECIATION> 65,302 <TOTAL-ASSETS> 1,472,195 <CURRENT-LIABILITIES> 261,041 <BONDS> 1,350,000 <COMMON> 6,184,968 <PREFERRED-MANDATORY> 0 <PREFERRED> 491,000 <OTHER-SE> (7,085,645) <TOTAL-LIABILITY-AND-EQUITY> 1,472,195 <SALES> 399,848 <TOTAL-REVENUES> 399,848 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 1,968,746 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 103,771 <INCOME-PRETAX> (2,644,663) <INCOME-TAX> 0 <INCOME-CONTINUING> (2,638,806) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (2,638,806) <EPS-PRIMARY> (.23) <EPS-DILUTED> (.23)