<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM BALANCE SHEET
AND INCOME STATEMENTS DATED 6/30/00 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS
</LEGEND>
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-2000
<PERIOD-START> JUL-01-1999
<PERIOD-END> JUN-30-2000
<CASH> 7,387,076
<SECURITIES> 1,225,592
<RECEIVABLES> 0
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 8,654,965
<PP&E> 322,182
<DEPRECIATION> 294,404
<TOTAL-ASSETS> 8,682,743
<CURRENT-LIABILITIES> 769,393
<BONDS> 0
0
1,141,000
<COMMON> 42,170,818
<OTHER-SE> (35,398,468)
<TOTAL-LIABILITY-AND-EQUITY> 8,682,743
<SALES> 0
<TOTAL-REVENUES> 0
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 3,275,731
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> (160,999)
<INCOME-PRETAX> (3,114,732)
<INCOME-TAX> 0
<INCOME-CONTINUING> (3,114,732)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (3,114,732)
<EPS-BASIC> (0.27)
<EPS-DILUTED> (0.27)
</TABLE>