<ARTICLE> 5 <PERIOD-TYPE> 12-MOS 12-MOS <FISCAL-YEAR-END> DEC-31-1997 DEC-31-1996 <PERIOD-START> JAN-01-1997 JAN-01-1996 <PERIOD-END> DEC-31-1997 DEC-31-1996 <CASH> 7,277,029 13,024,317 <SECURITIES> 17,232,585 5,035,851 <RECEIVABLES> 1,226,416 66,983 <ALLOWANCES> 0 0 <INVENTORY> 346,563 112,794 <CURRENT-ASSETS> 23,633,846 18,218,498 <PP&E> 4,055,267 851,276 <DEPRECIATION> (361,401) (179,249) <TOTAL-ASSETS> 30,419,720 19,512,289 <CURRENT-LIABILITIES> 5,600,208 3,043,002 <BONDS> 0 0 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 0 0 <COMMON> 132,425 121,500 <OTHER-SE> 22,286,491 16,333,381 <TOTAL-LIABILITY-AND-EQUITY> 30,419,720 19,512,289 <SALES> 1,551,470 3,996,471 <TOTAL-REVENUES> 1,551,470 3,996,471 <CGS> 1,397,960 459,921 <TOTAL-COSTS> 1,397,960 459,921 <OTHER-EXPENSES> 8,347,203 20,549,860 <LOSS-PROVISION> 0 0 <INTEREST-EXPENSE> 71,736 138,561 <INCOME-PRETAX> (6,828,712) (16,813,994) <INCOME-TAX> 0 0 <INCOME-CONTINUING> (6,828,712) (16,813,994) <DISCONTINUED> 0 0 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> (6,828,712) (16,813,994) <EPS-PRIMARY> (.53) (1.63) <EPS-DILUTED> (.53) (1.63)