Not sure what I did wrong here. I have Livecode Community 7.0.1 for now (still evaluating Livecode) and the latest Android SDK tools installed.
I recorded a short video of the error message here (if it helps to understand the issue I'm facing better):
http [colon][double forward slash] youtu [dot] be [forward slash] ECyiDXfruL4
Any help to point me in the correct direction is greatly appreciated! Thanks in advanced!!

(PS sorry for the cryptic link. My account does not have permission to post links or domain/page references.)