<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> JUN-30-1998 <CASH> 10,046,000 <SECURITIES> 0 <RECEIVABLES> 173,000 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 10,338,000 <PP&E> 414,000 <DEPRECIATION> 142,000 <TOTAL-ASSETS> 22,154,000 <CURRENT-LIABILITIES> 186,000 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 25,822,000 <OTHER-SE> 232,000 <TOTAL-LIABILITY-AND-EQUITY> 22,154,000 <SALES> 0 <TOTAL-REVENUES> 38,000 <CGS> 0 <TOTAL-COSTS> 2,840,000 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 46,000 <INCOME-PRETAX> (2,808,000) <INCOME-TAX> 0 <INCOME-CONTINUING> (2,808,000) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (2,561,000) <EPS-PRIMARY> (0.33) <EPS-DILUTED> (0.33)