<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> MAR-31-1999 <CASH> 43,335,098 <SECURITIES> 22,256,214 <RECEIVABLES> 83,910 <ALLOWANCES> 0 <INVENTORY> 1,819,084 <CURRENT-ASSETS> 67,739,908 <PP&E> 4,478,194 <DEPRECIATION> 1,662,321 <TOTAL-ASSETS> 70,944,465 <CURRENT-LIABILITIES> 6,147,806 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 140,722 <OTHER-SE> 64,655,937 <TOTAL-LIABILITY-AND-EQUITY> 70,944,465 <SALES> 83,910 <TOTAL-REVENUES> 80,913 <CGS> 175,148 <TOTAL-COSTS> 8,280,307 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 312,597 <INCOME-PRETAX> (8,061,945) <INCOME-TAX> 0 <INCOME-CONTINUING> (8,061,945) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (8,061,945) <EPS-PRIMARY> (.72) <EPS-DILUTED> (.72)