<ARTICLE>                     5
<LEGEND>
This schedule contains summary financial information extracted from the
registrant's unaudited consolidated financial statements for the three month
period ended September 30, 2000 and is qualified in its entirety by reference to
those financial statements.


<CURRENCY>                      U.S. Dollars

                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                              JUN-30-2000
<PERIOD-START>                                  JUL-1-2000
<PERIOD-END>                                   SEP-30-2000
<EXCHANGE-RATE>                                          1
<CASH>                                          11,031,228
<SECURITIES>                                     3,218,836
<RECEIVABLES>                                      795,081
<ALLOWANCES>                                             0
<INVENTORY>                                              0
<CURRENT-ASSETS>                                14,788,366
<PP&E>                                           2,503,854
<DEPRECIATION>                                     981,464
<TOTAL-ASSETS>                                  17,013,840
<CURRENT-LIABILITIES>                            1,782,949
<BONDS>                                                  0
<PREFERRED-MANDATORY>                                    0
<PREFERRED>                                          7,309
<COMMON>                                           100,230
<OTHER-SE>                                      15,123,352
<TOTAL-LIABILITY-AND-EQUITY>                    17,013,840
<SALES>                                                  0
<TOTAL-REVENUES>                                   855,081
<CGS>                                                    0
<TOTAL-COSTS>                                    3,162,172
<OTHER-EXPENSES>                                         0
<LOSS-PROVISION>                                         0
<INTEREST-EXPENSE>                                   2,280
<INCOME-PRETAX>                                 (2,222,079)
<INCOME-TAX>                                             0
<INCOME-CONTINUING>                             (2,222,079)
<DISCONTINUED>                                           0
<EXTRAORDINARY>                                          0
<CHANGES>                                                0
<NET-INCOME>                                    (2,222,079)
<EPS-BASIC>                                           (.27)
<EPS-DILUTED>                                         (.27)