$500 Million in Debt: 133-Year-Old Kodak May Not Survive

"Serious doubts about the company's ability to continue as a going concern." The report published this Monday by the famous, more than century-old company Kodak does not bode well.

In this document relayed by CNN , it warns investors that it might not survive much longer.

Kodak's upcoming debt obligations are approximately $500 million .

It all started with a $25 camera

In its report, the company explains that it plans to "free up cash by ceasing contributions to its pension plan."

It won't be helped by tariffs because many of its products, "including its cameras, inks and film," are made in the United States.

Launched in 1892, the company first offered a $25 camera . This helped democratize photography, at a time when it was not a mass-market business.

And for those curious about the origin of names, know that Kodak means... nothing. George Eastman, the creator, intended to use the letter "K" because it was "strong and incisive." The company enjoyed several decades of success in the production of cameras and films .

As CNN reports, the company failed to make the digital shift, and even filed for bankruptcy in 2012. Today, Kodak still manufactures film and chemicals for the motion picture industry in particular.