<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> MAR-31-1998 <PERIOD-START> APR-01-1997 <PERIOD-END> DEC-31-1997 <CASH> 19,370,244 <SECURITIES> 0 <RECEIVABLES> 4,446,221 <ALLOWANCES> (616,275) <INVENTORY> 8,682,967 <CURRENT-ASSETS> 35,404,139 <PP&E> 1,282,856 <DEPRECIATION> 0 <TOTAL-ASSETS> 54,608,745 <CURRENT-LIABILITIES> 8,226,852 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 79,101,745 <OTHER-SE> (34,943,510) <TOTAL-LIABILITY-AND-EQUITY> 54,608,745 <SALES> 8,726,170 <TOTAL-REVENUES> 8,726,170 <CGS> 5,390,809 <TOTAL-COSTS> 23,785,510 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> (726,346) <INCOME-PRETAX> (14,332,994) <INCOME-TAX> 0 <INCOME-CONTINUING> (14,332,994) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (14,332,994) <EPS-PRIMARY> (1.34) <EPS-DILUTED> (1.34)