<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> SEP-30-1999 <CASH> 4,976,358 <SECURITIES> 3,576,912 <RECEIVABLES> 1,342,558 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 10,021,722 <PP&E> 10,334,826 <DEPRECIATION> (6,617,958) <TOTAL-ASSETS> 14,179,657 <CURRENT-LIABILITIES> 3,211,265 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 12,178,602 <COMMON> 98,088,077 <OTHER-SE> (100,430,802) <TOTAL-LIABILITY-AND-EQUITY> 14,179,657 <SALES> 3,987,662 <TOTAL-REVENUES> 3,987,662 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 28,083,945 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 163,335 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> (23,914,874) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (23,914,874) <EPS-BASIC> (.76) <EPS-DILUTED> (.76)