<ARTICLE> 5
<RESTATED> 
<CURRENCY> US DOLLARS
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               MAR-31-1998
<EXCHANGE-RATE>                                      1
<CASH>                                         524,181
<SECURITIES>                                         0
<RECEIVABLES>                                1,118,206
<ALLOWANCES>                                    32,000
<INVENTORY>                                          0
<CURRENT-ASSETS>                             1,669,435
<PP&E>                                       7,786,383
<DEPRECIATION>                               5,487,232
<TOTAL-ASSETS>                              13,885,559
<CURRENT-LIABILITIES>                        1,110,404
<BONDS>                                     22,886,652
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                         2,400
<OTHER-SE>                                (10,725,816)
<TOTAL-LIABILITY-AND-EQUITY>                13,885,559
<SALES>                                              0
<TOTAL-REVENUES>                             1,613,205
<CGS>                                                0
<TOTAL-COSTS>                                  596,406
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             503,770
<INCOME-PRETAX>                              (529,628)
<INCOME-TAX>                                    12,000
<INCOME-CONTINUING>                          (541,628)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 (541,628)
<EPS-PRIMARY>                                   (3.42)
<EPS-DILUTED>                                   (3.42)