<TABLE> <S> <C>


<ARTICLE>                     5
<LEGEND>
This schedule contains summary financial information extracted from the
Company's Statement of Income for year and three months ended December 31, 1998
and June 30, 1999, respectively, and Balance Sheet as of December 31, 1998 and
June 30, 1999, and is qualified in its entirety by reference to such financial
statements.
</LEGEND>

<S>                                         <C>                <C>
<PERIOD-TYPE>                                    12-MOS              6-MOS
<FISCAL-YEAR-END>                           DEC-31-1998        DEC-31-1999
<PERIOD-START>                              JAN-01-1998        JAN-01-1999
<PERIOD-END>                                DEC-31-1998        MAR-31-1999
<CASH>                                          344,940            765,632
<SECURITIES>                                  9,377,678         13,421,016
<RECEIVABLES>                                         0                  0
<ALLOWANCES>                                          0                  0
<INVENTORY>                                           0                  0
<CURRENT-ASSETS>                              9,953,319         14,350,829
<PP&E>                                        1,225,891          2,413,721
<DEPRECIATION>                                   35,477             48,287
<TOTAL-ASSETS>                               11,143,733         16,716,263
<CURRENT-LIABILITIES>                           886,646            582,695
<BONDS>                                               0                  0
<PREFERRED-MANDATORY>                                 0                  0
<PREFERRED>                                       1,127              1,861
<COMMON>                                         40,028             43,022
<OTHER-SE>                                   10,215,932         16,088,685
<TOTAL-LIABILITY-AND-EQUITY>                 11,143,733         16,716,263
<SALES>                                               0                  0
<TOTAL-REVENUES>                                      0                  0
<CGS>                                                 0                  0
<TOTAL-COSTS>                                 6,535,358          3,869,086
<OTHER-EXPENSES>                                      0                  0
<LOSS-PROVISION>                                      0                  0
<INTEREST-EXPENSE>                                    0                  0
<INCOME-PRETAX>                              (5,838,130)        (3,542,808)
<INCOME-TAX>                                          0                  0
<INCOME-CONTINUING>                          (5,838,130)        (3,542,808)
<DISCONTINUED>                                        0                  0
<EXTRAORDINARY>                                       0                  0
<CHANGES>                                             0                  0
<NET-INCOME>                                 (5,838,130)<F1>     (3,542,808)<F1>
<EPS-BASIC>                                      (.87)              (.34)
<EPS-DILUTED>                                         0                  0


<FN>
(1)   Earnings Per Share (EPS) - Basic
</FN>


</TABLE>