<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> DEC-31-1997 <CASH> 2,654,423 <SECURITIES> 0 <RECEIVABLES> 2,364,455 <ALLOWANCES> 0 <INVENTORY> 1,202,431 <CURRENT-ASSETS> 7,368,145 <PP&E> 2,323,174 <DEPRECIATION> 0 <TOTAL-ASSETS> 19,603,121 <CURRENT-LIABILITIES> 5,401,739 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 11,782 <OTHER-SE> 42,695,386 <TOTAL-LIABILITY-AND-EQUITY> 13,151,752 <SALES> 7,858,884 <TOTAL-REVENUES> 10,931,969 <CGS> 6,877,480 <TOTAL-COSTS> 21,249,133 <OTHER-EXPENSES> 8,467,098 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> (267,140) <INCOME-PRETAX> (18,517,122) <INCOME-TAX> 0 <INCOME-CONTINUING> (18,517,122) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (18,517,122) <EPS-PRIMARY> (1.75) <EPS-DILUTED> (1.75)