<ARTICLE>                     5
<LEGEND>
         THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
         COMPANY'S FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY
         REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>

                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                              DEC-31-1999
<PERIOD-START>                                 JAN-01-1999
<PERIOD-END>                                   DEC-31-1999
<CASH>                                         11,921,731
<SECURITIES>                                   26,071,897
<RECEIVABLES>                                  107,742
<ALLOWANCES>                                   (3,000)
<INVENTORY>                                    0
<CURRENT-ASSETS>                               42,480,456
<PP&E>                                         4,778,879
<DEPRECIATION>                                 (1,255,484)
<TOTAL-ASSETS>                                 53,068,029
<CURRENT-LIABILITIES>                          3,090,680
<BONDS>                                        0
<PREFERRED-MANDATORY>                          0
<PREFERRED>                                    0
<COMMON>                                       17,654
<OTHER-SE>                                     49,959,695
<TOTAL-LIABILITY-AND-EQUITY>                   53,068,029
<SALES>                                        0
<TOTAL-REVENUES>                               269,707
<CGS>                                          0
<TOTAL-COSTS>                                  14,933,758
<OTHER-EXPENSES>                               0
<LOSS-PROVISION>                               0
<INTEREST-EXPENSE>                             216,182
<INCOME-PRETAX>                                (13,597,854)
<INCOME-TAX>                                   2,824,069
<INCOME-CONTINUING>                            (10,773,785)
<DISCONTINUED>                                 0
<EXTRAORDINARY>                                0
<CHANGES>                                      0
<NET-INCOME>                                   (10,773,785)
<EPS-BASIC>                                    (0.70)
<EPS-DILUTED>                                  (0.70)