<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-2000 <PERIOD-START> JAN-01-2000 <PERIOD-END> MAR-31-2000 <CASH> 29,335,839 <SECURITIES> 3,045,806 <RECEIVABLES> 1,975,054 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 34,588,088 <PP&E> 11,324,190 <DEPRECIATION> (7,403,348) <TOTAL-ASSETS> 33,888,759 <CURRENT-LIABILITIES> 4,152,525 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 12,607,041 <COMMON> 126,804,664 <OTHER-SE> (106,822,304) <TOTAL-LIABILITY-AND-EQUITY> 38,888,759 <SALES> 2,174,958 <TOTAL-REVENUES> 2,174,958 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 4,824,707 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> (64,121) <INCOME-PRETAX> (3,062,110) <INCOME-TAX> (3,062,110) <INCOME-CONTINUING> (3,062,110) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (3,278,638) <EPS-BASIC> (.09) <EPS-DILUTED> (.09)