<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)