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Accrued Expenses
 6 Months Ended
Jun. 30, 2023
Payables and Accruals [Abstract]  
Accrued Expenses Accrued Expenses
A summary of the components of accrued expenses is as follows (in thousands):
 June 30, 2023December 31, 2022
Accrued vendor liabilities$368,522 $251,291 
Advance payments from customers12,866 — 
Order deposits4,914 4,860 
Accrued interest4,867 4,867 
Accrued professional fees1,861 1,145 
Accrued payroll365 1,627 
Accrued other288 1,135 
Total accrued expenses$393,683 $264,925 
Accrued vendor liabilities include amounts owed to vendors but not yet invoiced in exchange for vendor purchases, inventory purchases, and research and development services. Certain estimates of accrued vendor expenses are based on costs incurred to date.
Order Deposits

In the third quarter of 2022, the Company began accepting order deposits of $5,000 USD or equivalent currency (Order Deposits) for Fisker Ocean Ones, a limited-edition trim level of the Fisker Ocean. The Company also converted customer deposits for reservation holders who previously made a deposit for an Extreme, Ultra or Sport Ocean prior to August 16, 2022, the enactment date of the Inflation Reduction Act of 2022 (the "Inflation Reduction Act"). Order deposits will be applied to the sales price of the vehicle and recognized as revenue when the vehicle is sold and delivered to the customer. Order Deposits are not included in customer deposits.

On July 1, 2022, the Company entered into a contract for global payment processing agreement with JPMorgan Chase Bank, N.A. (“Chase”). Order Deposits paid directly to the Company via ACH or other direct payment mechanisms are received in the Company’s bank account and available for its use in the subsequent month after the month in which the Order Deposits were placed. For Order Deposits made through credit card transactions, Chase holds cash received from customers until the vehicle is delivered to the customer at which time the cash is deposited into the Company’s bank account and available for its use. Cash received from Order Deposits and the conversion of any customer deposit into an Order Deposit results in the recognition of a contract liability. As of June 30, 2023 and December 31, 2022 contract liabilities for Order Deposits totaled $4.9 million, respectively.

Advance Payments from Customers

Customer payments received in advance of vehicle delivery, a recognized contract liability, totaled $12.9 million as of June 30, 2023.