<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> MAR-31-1999 <CASH> 569,348 <SECURITIES> 8,227,537 <RECEIVABLES> 315,793 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 9,271,390 <PP&E> 440,427 <DEPRECIATION> (5,914,623) <TOTAL-ASSETS> 13,238,061 <CURRENT-LIABILITIES> 2,857,531 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 88,476,471 <OTHER-SE> (79,133,998) <TOTAL-LIABILITY-AND-EQUITY> 13,238,061 <SALES> 0 <TOTAL-REVENUES> 1,331,499 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 3,964,425 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 51,320 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (2,684,246) <EPS-PRIMARY> (.09) <EPS-DILUTED> (.09)