securities rules and regulations. Compliance with these rules and regulations has increased our legal and financial compliance costs, made some activities more difficult, time-consuming or costly and increased demand on our systems and resources. As a result, our executive officers' attention may be diverted from other business concerns, which could materially adversely affect our business and results of operations. In addition, the expenses incurred by public companies generally for reporting and corporate governance purposes have been increasing. We expect compliance with these public reporting requirements and associated rules and regulations to increase expenses, particularly after we arc no longer an emerging growth company, although we arc currently unable to estimate these costs with any degree of certainty. We could be an emerging growth company until December 31, 2020, although circumstances could cause us to lose that status earlier, which could result in our incurring additional costs applicable to public companies that arc not emerging growth companies. In addition, changing laws, regulations and standards relating to corporate governance and public disclosure, which are subject to varying interpretations, are creating uncertainty for public companies, increasing legal and financial compliance costs and making some activities more time consuming. We intend to invest resources to comply with evolving laws, regulations and standards, and this investment may result in increased general and administrative expenses and a diversion of our executive officers' time and attention from revenue-generating activities. If our efforts to comply with new laws, regulations and standards differ from the activities intended by regulatory or governing bodies due to ambiguities related to their application and practice, regulatory authorities may initiate legal proceedings against us and our business may be adversely affected. As a resell of becoming a p