<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> JUN-30-2000 <PERIOD-START> JAN-01-2000 <PERIOD-END> MAR-31-2000 <CASH> 38,514,000 <SECURITIES> 0 <RECEIVABLES> 208,000 <ALLOWANCES> 51,000 <INVENTORY> 147,000 <CURRENT-ASSETS> 39,013,000 <PP&E> 870,000 <DEPRECIATION> 200,000 <TOTAL-ASSETS> 39,781,000 <CURRENT-LIABILITIES> 1,990,000 <BONDS> 0 <PREFERRED-MANDATORY> 350,000 <PREFERRED> 51,000 <COMMON> 32,328,000 <OTHER-SE> (5,062,000) <TOTAL-LIABILITY-AND-EQUITY> 39,781,000 <SALES> 0 <TOTAL-REVENUES> 199,000 <CGS> 266,000 <TOTAL-COSTS> 0 <OTHER-EXPENSES> (65,000) <LOSS-PROVISION> 0 <INTEREST-EXPENSE> (135,000) <INCOME-PRETAX> (2,211,000) <INCOME-TAX> 0 <INCOME-CONTINUING> (2,211,000) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (2,211,000) <EPS-BASIC> (1.89) <EPS-DILUTED> (1.89)