
<TABLE> <S> <C>

<ARTICLE> 5
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               DEC-31-1997
<CASH>                                       5,414,330
<SECURITIES>                                14,980,447
<RECEIVABLES>                                   78,453
<ALLOWANCES>                                         0
<INVENTORY>                                    162,828
<CURRENT-ASSETS>                            20,757,714
<PP&E>                                      21,503,601
<DEPRECIATION>                               1,230,669
<TOTAL-ASSETS>                              41,275,589
<CURRENT-LIABILITIES>                        5,741,109
<BONDS>                                      5,247,665
<PREFERRED-MANDATORY>                            9,498
<PREFERRED>                                          0
<COMMON>                                    16,205,046
<OTHER-SE>                                  14,072,271
<TOTAL-LIABILITY-AND-EQUITY>                41,275,589
<SALES>                                         84,716
<TOTAL-REVENUES>                             2,551,093
<CGS>                                                0
<TOTAL-COSTS>                                  707,606
<OTHER-EXPENSES>                            10,798,311
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             633,625
<INCOME-PRETAX>                            (8,749,424)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                        (8,749,424)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                               (8,749,424)
<EPS-PRIMARY>                                   (0.97)
<EPS-DILUTED>                                   (0.97)
        

</TABLE>
