Caleb Dorfman
DuPont and you continue to burn cash, can you discuss any additional expense cut that could be implemented if any of the PAISS grant revenue possibly go into offset any of your current expenses or how we should think about your cash flow and cash burn going at forward?
Paul Kuc
Sure Caleb. We have as you noticed already cut our expenses significantly and our burn is continuing down comparing to last year and comparing to previous years so we have implemented these measures successfully. We have currently around $20 million in cash. Can we cut more cost? Certainly. We are flexible and we are looking at all the opportunities which are mentioned, opportunities in various areas where we expect some exciting milestones, so we will be monitoring how much resources we need to dedicate to each of those areas and react appropriately. But at this moment, yes, I think we can deliver on the milestones with the resources we have without any drastic additional cuts beyond those that we have already implemented.
Caleb Dorfman
Finally, do you think you could give us any guidance on potentially where revenue from Brazil could come in this year jarring no planting hectares in and as a total it might be tied to the yield? Or maybe if you could quantify it at yield where there is just certain level revenue can be X.
Paul Kuc
Right. As you heard, we have sowed our seeds have planted our over is 4,000 hectares and our prices range from 240 – 260 per hectare. Obviously this is still far from covering all our expenses and that is not how we are looking at it. We want to make sure that our customers adopt the product in order to ramp up in the future. So it is definitely expected that we will cover those programs as you mentioned biomass programs and we also sold seeds directly but it is not going to cover our costs.
Caleb Dorfman
Thank you.
Operator
Thank you. Once again ladies and gentlemen, if you do have a question at this time, please press Star followed by the Number One key. And I am sorry, no further questions at this time. I’d like to turn the conference back over to Mr. Richard Hamilton for any further remarks.
Richard Hamilton
Thanks operator. Thanks everyone for your time today. Just to summarize our announcements: in Brazil, sorghum plantings are up for a good start. We are in more hectares and working with more customers that we have some of our efforts there. We’ve also identified and are executing on several opportunities outside of bio-energy. We have positive results in hand from our trade pipeline and are moving ahead in sorghum, sugarcane and corn amongst other crops. We are also implementing our iCODE, multi-gene trait development system and exploring ways to monetize what we believe is a revolutionary technology. In the United States we have competitive forage sorghum hybrids already for commercial sale this season. And finally, in bioinformatics, we are in the midst of commercializing our new edition of our Persephone software and pursuing additional custom installations as well.
We look forward to sharing our progress with you at our next call in April. Until then, have a good afternoon and evening.
Operator
Ladies and gentlemen, thank you for participating in today’s conference thus concluding the program. You may all disconnect. Have a great day, everyone.
