<TABLE> <S> <C>



<ARTICLE>                                                        5

    

<CIK>                                    0001051904
<NAME>                      FRISBY TECHNOLOGIES INC.
       
<S>                                                                      <C>
<PERIOD-TYPE>                                                             3-MOS
<FISCAL-YEAR-END>                                                         DEC-31-1998
<PERIOD-START>                                                            JAN-1-1998
<PERIOD-END>                                                              MAR-31-1998
<CASH>                                                                      1,827,060
<SECURITIES>                                                                        0
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<DEPRECIATION>                                                               (48,945)
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<LOSS-PROVISION>                                                                    0
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<INCOME-TAX>                                                                      (0)
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<CHANGES>                                                                           0
<NET-INCOME>                                                                 (529,347)
<EPS-PRIMARY>                                                                   (.16)
<EPS-DILUTED>                                                                   (.16)
        


</TABLE>