<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> SEP-30-1999 <CASH> 37,411,713 <SECURITIES> 0 <RECEIVABLES> 230,670 <ALLOWANCES> 2,766 <INVENTORY> 0 <CURRENT-ASSETS> 40,581,127 <PP&E> 2,037,194 <DEPRECIATION> 156,354 <TOTAL-ASSETS> 42,464,025 <CURRENT-LIABILITIES> 3,806,862 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 14,376 <OTHER-SE> 36,397,705 <TOTAL-LIABILITY-AND-EQUITY> 42,464,025 <SALES> 136,127 <TOTAL-REVENUES> 136,127 <CGS> 0 <TOTAL-COSTS> 21,570,587 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 212,587 <INCOME-PRETAX> (21,134,129) <INCOME-TAX> 0 <INCOME-CONTINUING> (21,434,461) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (21,134,129) <EPS-BASIC> (1.91) <EPS-DILUTED> (1.91)