The iconic Eastman Kodak Co., a name synonymous with photography for more than a century, has issued a stark warning about its future, stating there is “substantial doubt” about its ability to remain in business, ABC News reports.

Shares of the Rochester, New York-based company tumbled more than 13% in early trading Tuesday following the announcement.

Kodak disclosed its precarious financial position in a recent regulatory filing, noting:

“Kodak has debt coming due within 12 months and does not have committed financing or available liquidity to meet such debt obligations if they were to become due in accordance with their current terms.”

The company reported having $155 million in cash and cash equivalents as of June 30, with only $70 million held within the United States.

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