allowance for Smacken Kracken's receivables at the end of $2022,$ and all of those amounts owed were collected in $2023.$

Abysmal Avalanche LLC $($AALLC$)$ has an outstanding balance of $$4\mathrm{.}0$ million on December $31,2023.$ Of this, $$1\mathrm{.}5$ million is over $120$ days old, $$1\mathrm{.}0$ million is $91$ to $120$ days old, and $$1\mathrm{.}5$ million is $61$ to $90$ days old. This company was a new start$-$up in $2022,$ so HUMI does not have a reliable credit history for it$.$ HUMI has put a hold on new shipments to AALLC until it receives payment of the balance.

The credit manager has heard rumors that the company might declare Chapter $11$ bankruptcy. There has been no official filings of bankruptcy though, as these are just rumors.

Separately, in December $2023,$ the Senior VP of Sales spoke to the wealthy owner of Abysmal Avalanche named Joey Sacki and his attorney from the law firm Dewey, Cheatum & Howe, who personally assured him that the Company intended to pay its outstanding balance in the coming weeks.

In January $2024,$ the Senior VP of Sales obtained a casually crafted hand$-$written personal promise to pay the amounts owed from AALLC by Mr$.$ Sacki. The personal financial statements of the owner show he has a net worth in excess of $$80$ million.

Sinkable Sharks Outlet has a balance of $$1\mathrm{.}8$ million on December $31,2023.$ Of this, $$700,000$ is $61$ to $90$ days old and the balance is $31$ to $60$ days old. Sinkable Sharks Outlet's owners have just placed another company they own in a different troubled industry into bankruptcy. You recently have seen a significant slowdown of orders from Sinkable Sharks, but there has not been any issues with payments.

Forgettable Flames, Inc. is a new customer in $2023.$ They have $$200,000$ less than $30$ days old, $$650,000$ is $31-60$ days old, and $$400,000$ that is $61-90$ days old. They have asked for a $28\%$ credit on all balances due to what they have complained as poor quality merchandise and service. They are withholding all payments until the credit is granted and have retained an outside attorney for this dispute.

None of the remaining customer balances are greater than $$500,000$ on December $31,2023.$

There have been no Online$-$based Sales write offs in the $2$ years since that sales channel opened.

On December $31,2021,$ the only two customers with balances over $$500,000$ were Sinkable Sharks Outlet and Abominable Avalanche. Prior to $2021,$ the company did not have any customers with a balance greater than $$500,000$ at year$-$end.