<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)