<ARTICLE>                     5
<LEGEND>                                       
THIS SCHEDULE  CONTAINS SUMMARY FINANCIAL  INFORMATION  EXTRACTED FROM FINANCIAL
STATEMENTS  FOR THE PERIOD  ENDED  SEPTEMBER  30,1998  AND IS  QUALIFIED  IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS
</LEGEND>                                      
                                                    
                                    
<PERIOD-TYPE>                          9-MOS
<FISCAL-YEAR-END>                      DEC-31-1998
<PERIOD-START>                         JAN-01-1998
<PERIOD-END>                           SEP-30-1998
<CASH>                                   7,025,389
<SECURITIES>                                     0
<RECEIVABLES>                              293,480
<ALLOWANCES>                                     0
<INVENTORY>                                      0
<CURRENT-ASSETS>                         7,371,234
<PP&E>                                     305,045
<DEPRECIATION>                             273,764
<TOTAL-ASSETS>                           7,676,279
<CURRENT-LIABILITIES>                      576,648
<BONDS>                                          0
<PREFERRED-MANDATORY>                            0
<PREFERRED>                                    643
<COMMON>                                     4,467
<OTHER-SE>                               7,099,631
<TOTAL-LIABILITY-AND-EQUITY>             7,099,631
<SALES>                                          0
<TOTAL-REVENUES>                         2,500,000
<CGS>                                            0
<TOTAL-COSTS>                                    0
<OTHER-EXPENSES>                         4,324,312
<LOSS-PROVISION>                                 0
<INTEREST-EXPENSE>                        (361,588)
<INCOME-PRETAX>                         (1,462,724)
<INCOME-TAX>                                     0
<INCOME-CONTINUING>                     (1,462,724)
<DISCONTINUED>                                   0
<EXTRAORDINARY>                                  0
<CHANGES>                                        0
<NET-INCOME>                            (1,462,724)
<EPS-PRIMARY>                                (0.91)
<EPS-DILUTED>                                (0.91)