Note 7 Accrued Expenses and Other Current Liabilities

Accrued Expenses

Accrued professional and program fees consist primarily of amounts owed to third party service providers, including legal, accounting, consulting, and program-related vendors, as well as balance sheet capacity fees payable to Coastal under the amended

Program Agreement for ExtraCash and Dave Flex. Accrued compensation consists primarily of accrued salaries, wages, payroll taxes, bonuses, and employee benefits earned but not yet paid.

Other Current Liabilities

The stand-ready guarantee obligation and credit loss liabilities primarily relate to ExtraCash receivables originated and retained by Coastal. See Note 5, Member Receivables, Net, for additional information. Forward commitment liability represents the Company's obligation to purchase ExtraCash receivables originated under a bank partner arrangement that have not yet been purchased by the Company as of the balance sheet date. Deferred transaction costs include transaction costs associated with the transactions consummated on January 5, 2022 as contemplated by that certain Agreement and Plan of Merger, dated as of June 7, 2021 among VPC Impact Acquisition Holdings III, Inc. (“VPCC”), Dave Inc., a Delaware corporation and other entities (the “Business Combination"). These transaction costs were also capitalized and included within additional paid-in capital in the condensed consolidated balance sheets.