<ARTICLE> 5 <PERIOD-TYPE> 3-MOS 9-MOS <FISCAL-YEAR-END> DEC-31-1996 DEC-31-1996 <PERIOD-END> SEP-30-1996 SEP-30-1996 <CASH> 39,045,374 39,045,374 <SECURITIES> 9,081,298 9,081,298 <RECEIVABLES> 4,436,274 4,436,274 <ALLOWANCES> 0 0 <INVENTORY> 3,195,645 3,195,645 <CURRENT-ASSETS> 54,304,194 54,304,194 <PP&E> 4,544,537 4,544,537 <DEPRECIATION> 506,980 506,980 <TOTAL-ASSETS> 61,009,494 61,009,494 <CURRENT-LIABILITIES> 3,096,683 3,096,683 <BONDS> 0 0 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 0 0 <COMMON> 0 0 <OTHER-SE> 57,111,964 57,111,964 <TOTAL-LIABILITY-AND-EQUITY> 61,009,494 61,009,494 <SALES> 0 0 <TOTAL-REVENUES> 315,685 4,653,998 <CGS> 0 0 <TOTAL-COSTS> 4,402,895 10,429,001 <OTHER-EXPENSES> 0 0 <LOSS-PROVISION> 0 0 <INTEREST-EXPENSE> (825,493) (1,348,522) <INCOME-PRETAX> (3,261,717) (4,426,481) <INCOME-TAX> 0 0 <INCOME-CONTINUING> (3,261,717) (4,426,481) <DISCONTINUED> 0 0 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> (3,261,717) (4,426,481) <EPS-PRIMARY> (0.12) (0.19) <EPS-DILUTED> (0.12) (0.19)