<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> SEP-30-1998 <CASH> 4,118,837 <SECURITIES> 0 <RECEIVABLES> 127,811 <ALLOWANCES> 7,500 <INVENTORY> 0 <CURRENT-ASSETS> 4,297,147 <PP&E> 1,061,935 <DEPRECIATION> 590,061 <TOTAL-ASSETS> 4,991,376 <CURRENT-LIABILITIES> 90,566 <BONDS> 142,383 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 10,884,194 <OTHER-SE> (6,125,767) <TOTAL-LIABILITY-AND-EQUITY> 4,991,376 <SALES> 0 <TOTAL-REVENUES> 685,280 <CGS> 0 <TOTAL-COSTS> 1,211,304 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 694,823 <INCOME-PRETAX> (1,058,862) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,058,862) <EPS-PRIMARY> (.85) <EPS-DILUTED> (.85)