<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> MAR-31-1999 <CASH> 10,428,937 <SECURITIES> 0 <RECEIVABLES> 341,107 <ALLOWANCES> 0 <INVENTORY> 812,574 <CURRENT-ASSETS> 12,843,514 <PP&E> 12,010,302 <DEPRECIATION> 91,630 <TOTAL-ASSETS> 25,038,981 <CURRENT-LIABILITIES> 4,214,717 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 15,144 <OTHER-SE> 20,809,120 <TOTAL-LIABILITY-AND-EQUITY> 25,038,981 <SALES> 0 <TOTAL-REVENUES> 12,054,960 <CGS> 0 <TOTAL-COSTS> 1,126,400 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 10,928,560 <INCOME-TAX> 3,916,000 <INCOME-CONTINUING> 7,012,560 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 7,012,560 <EPS-PRIMARY> 0.47 <EPS-DILUTED> 0.44