[ARTICLE] 5 Financial Data Schedule for 1st Quarter 10-Q
[PERIOD-TYPE] 3-MOS
[FISCAL-YEAR-END] Dec-31-1996
[PERIOD-END] Mar-31-1996
[CASH] 23,157,818
[SECURITIES] 0
[RECEIVABLES] 1,566,740
[ALLOWANCES] 275,000
[INVENTORY] 0
[CURRENT-ASSETS] 25,170,556
[PP&E] 3,095,278
[DEPRECIATION] 799,704
[TOTAL-ASSETS] 28,548,371
[CURRENT-LIABILITIES] 3,052,078
[BONDS] 0
[PREFERRED-MANDATORY] 0
[PREFERRED] 0
[COMMON] 821
[OTHER-SE] 18,901,831
[TOTAL-LIABILITY-AND-EQUITY] 28,548,371
[SALES] 0
[TOTAL-REVENUES] 1,180,024
[CGS] 0
[TOTAL-COSTS] 888,075
[OTHER-EXPENSES] 2,071,812
[LOSS-PROVISION] 55,000
[INTEREST-EXPENSE] 475
[INCOME-PRETAX] (1,562,526)
[INCOME-TAX] 0
[INCOME-CONTINUING] (1,562,526)
[DISCONTINUED] 0
[EXTRAORDINARY] 0
[CHANGES] 0
[NET-INCOME] (1,562,526)
[EPS-PRIMARY] (0.15)
[EPS-DILUTED] (0.15)
