
<TABLE> <S> <C>

<ARTICLE> 5
       
<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               MAR-31-1998
<CASH>                                       8,170,210
<SECURITIES>                                13,092,500
<RECEIVABLES>                                  169,867
<ALLOWANCES>                                         0
<INVENTORY>                                    157,614
<CURRENT-ASSETS>                            21,704,030
<PP&E>                                      21,875,242
<DEPRECIATION>                             (1,474,320)
<TOTAL-ASSETS>                              42,347,955
<CURRENT-LIABILITIES>                        4,520,348
<BONDS>                                      9,896,363
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                 15,916,310
<COMMON>                                         9,588
<OTHER-SE>                                  12,005,346
<TOTAL-LIABILITY-AND-EQUITY>                42,347,955
<SALES>                                         27,841
<TOTAL-REVENUES>                               581,145
<CGS>                                           13,606
<TOTAL-COSTS>                                  127,792
<OTHER-EXPENSES>                             2,807,556
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             234,036
<INCOME-PRETAX>                            (2,344,330)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                               (2,344,330)
<EPS-PRIMARY>                                   (0.29)
<EPS-DILUTED>                                     0.00
        

</TABLE>
