<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from Form 10K and is qualified in its entirety by reference to such financial statements. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> SEP-30-2000 <PERIOD-START> OCT-01-1999 <PERIOD-END> DEC-31-1999 <CASH> 927,115 <SECURITIES> 0 <RECEIVABLES> 151,003 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 3,226,645 <PP&E> 794,241 <DEPRECIATION> 665,619 <TOTAL-ASSETS> 18,150,269 <CURRENT-LIABILITIES> 6,535,404 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 340 <OTHER-SE> 11,554,454 <TOTAL-LIABILITY-AND-EQUITY> 18,150,629 <SALES> 0 <TOTAL-REVENUES> 575,143 <CGS> 134,605 <TOTAL-COSTS> 1,302,611 <OTHER-EXPENSES> 581,017 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 259,677 <INCOME-PRETAX> (1,702,767) <INCOME-TAX> 0 <INCOME-CONTINUING> (1,702,767) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,702,767) <EPS-BASIC> (0.05) <EPS-DILUTED> (0.05)