<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from 10-QSB and is qualified in its entirety by reference to such financial statements. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> JUN-30-1999 <CASH> 729,000 <SECURITIES> 1,467,000 <RECEIVABLES> 7,000 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,840,000 <PP&E> 465,000 <DEPRECIATION> 145,000 <TOTAL-ASSETS> 3,178,000 <CURRENT-LIABILITIES> 1,088,000 <BONDS> 0 <PREFERRED-MANDATORY> 2,379,000 <PREFERRED> 2,000 <COMMON> 7,000 <OTHER-SE> (298,000) <TOTAL-LIABILITY-AND-EQUITY> 3,178,000 <SALES> 0 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 1,158,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (1,130,000) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (130,000) <EPS-BASIC> (0.18) <EPS-DILUTED> (0.18)