TC 15 reloaded not running

Jul 22, 2013
Got the latest TC15 since my old version would not run and the new one doesn't run either.
error is as follows:
Problem signature:
Problem Event Name: APPCRASH
Application Name: tcmd.exe
Application Version:
Application Timestamp: 51cc67da
Fault Module Name: IsLicense50.dll
Fault Module Version:
Fault Module Timestamp: 50eb7c48
Exception Code: c0000005
Exception Offset: 00158d1c
OS Version: 6.1.7601.
Locale ID: 1033
Additional Information 1: 6e20
Additional Information 2: 6e202ab67437ef41a4dabce957adb59b
Additional Information 3: b906
Additional Information 4: b9062e883ea19b0a8b8f6ad0d6829478