<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from the registrant's unaudited consolidated financial statements for the six month period ended December 31, 1999 and is qualified in its entirety by reference to those financial statements. </LEGEND> <CURRENCY> U.S. Dollars <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> JUN-30-2000 <PERIOD-START> JUL-1-1999 <PERIOD-END> DEC-31-1999 <EXCHANGE-RATE> 1 <CASH> 6,601,402 <SECURITIES> 1,679,416 <RECEIVABLES> 2,141,900 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 11,020,313 <PP&E> 1,449,446 <DEPRECIATION> 789,698 <TOTAL-ASSETS> 12,714,787 <CURRENT-LIABILITIES> 2,482,710 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 7,518 <COMMON> 72,438 <OTHER-SE> 10,224,559 <TOTAL-LIABILITY-AND-EQUITY> 12,714,787 <SALES> 0 <TOTAL-REVENUES> 2,759,591 <CGS> 0 <TOTAL-COSTS> 7,129,966 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 25,861 <INCOME-PRETAX> (4,209,847) <INCOME-TAX> 0 <INCOME-CONTINUING> (4,209,847) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (4,209,847) <EPS-BASIC> (.58) <EPS-DILUTED> (.58)