<ARTICLE> 5 <PERIOD-TYPE> 3-MOS 6-MOS <FISCAL-YEAR-END> DEC-31-1999 DEC-31-1998 <PERIOD-END> JUN-30-1999 JUN-30-1999 <CASH> 39,298,492 39,298,492 <SECURITIES> 0 0 <RECEIVABLES> 0 0 <ALLOWANCES> 0 0 <INVENTORY> 0 0 <CURRENT-ASSETS> 47,867,412 47,867,412 <PP&E> 905,143 905,143 <DEPRECIATION> 67,456 67,456 <TOTAL-ASSETS> 48,736,099 48,736,099 <CURRENT-LIABILITIES> 1,085,186 1,085,186 <BONDS> 0 0 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 0 0 <COMMON> 13,776 13,776 <OTHER-SE> 45,392,056 45,392,056 <TOTAL-LIABILITY-AND-EQUITY> 48,736,099 48,736,099 <SALES> 16,562 16,562 <TOTAL-REVENUES> 16,562 16,562 <CGS> 0 0 <TOTAL-COSTS> 0 0 <OTHER-EXPENSES> 9,026,295 12,704,892 <LOSS-PROVISION> 0 0 <INTEREST-EXPENSE> 113,122 133,122 <INCOME-PRETAX> (9,120,287) (12,803,506) <INCOME-TAX> 0 0 <INCOME-CONTINUING> (9,120,287) (12,803,506) <DISCONTINUED> 0 0 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> (9,120,287) (12,803,506) <EPS-BASIC> (.92) (1.35) <EPS-DILUTED> (.92) (1.35)