<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM QUARTER
ENDED MARCH 31, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               MAR-31-1998
<CASH>                                         749,020
<SECURITIES>                                 5,923,556
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                             6,718,095
<PP&E>                                       1,895,097
<DEPRECIATION>                                 471,831
<TOTAL-ASSETS>                               8,294,788
<CURRENT-LIABILITIES>                          666,301
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                        79,622
<OTHER-SE>                                   5,922,739
<TOTAL-LIABILITY-AND-EQUITY>                 8,294,788
<SALES>                                          3,050
<TOTAL-REVENUES>                                 3,050
<CGS>                                            1,525
<TOTAL-COSTS>                                    1,525
<OTHER-EXPENSES>                             1,123,279
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             219,890
<INCOME-PRETAX>                            (1,217,095)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                        (1,217,095)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                               (1,217,095)
<EPS-PRIMARY>                                    (.16)
<EPS-DILUTED>                                    (.16)