Davinchi Resolve 10.1.5 Lite Crash on Startup

Hi,
I have just installed Resolve Lite 10.1.5. I have never been able to start up Resolve. It crashes as soon as I try and start the application. Have tried uninstalling restarting and reinstall ending up with the same result
Please find below system specs and crash report
... Any help would be greatly appreciated

System Config
Model Name: Mac Pro
Model Identifier: MacPro4,1
Processor Name: Quad-Core Intel Xeon
Processor Speed: 2.26 GHz
Number of Processors: 2
Total Number of Cores: 8
L2 Cache (per Core): 256 KB
L3 Cache (per Processor): 8 MB
Memory: 6 GB
Processor Interconnect Speed: 5.86 GT/s
Boot ROM Version: MP41.0081.B07
SMC Version (system): 1.39f5






Crash Report

Process: launchd [448]
Path: /Applications/DaVinci Resolve.app/Contents/MacOS/Resolve
Identifier: com.blackmagic-design.DaVinciResolve
Version: ??? (???)
Code Type: X86-64 (Native)
Parent Process: launchd [197]

Date/Time: 2014-06-04 09:30:12.605 +0530
OS Version: Mac OS X 10.7.5 (11G63)
Report Version: 9

Interval Since Last Report: 2295855 sec
Crashes Since Last Report: 69
Per-App Crashes Since Last Report: 20
Anonymous UUID: 504A12C1-E215-48CD-91E7-8D4C50716C2D

Crashed Thread: Unknown

Exception Type: EXC_BAD_ACCESS (SIGSEGV)
Exception Codes: KERN_INVALID_ADDRESS at 0x00007fff5fc01028

Backtrace not available

Unknown thread crashed with X86 Thread State (64-bit):
rax: 0x0000000000000055 rbx: 0x0000000000000000 rcx: 0x0000000000000000 rdx: 0x0000000000000000
rdi: 0x0000000000000000 rsi: 0x0000000000000000 rbp: 0x0000000000000000 rsp: 0x0000000000000000
r8: 0x0000000000000000 r9: 0x0000000000000000 r10: 0x0000000000000000 r11: 0x0000000000000000
r12: 0x0000000000000000 r13: 0x0000000000000000 r14: 0x0000000000000000 r15: 0x0000000000000000
rip: 0x00007fff5fc01028 rfl: 0x0000000000010203 cr2: 0x00007fff5fc01028
Logical CPU: 0

Binary images description not available


External Modification Summary:
Calls made by other processes targeting this process:
task_for_pid: 1
thread_create: 0
thread_set_state: 0
Calls made by this process:
task_for_pid: 0
thread_create: 0
thread_set_state: 0
Calls made by all processes on this machine:
task_for_pid: 744
thread_create: 0
thread_set_state: 0

Model: MacPro4,1, BootROM MP41.0081.B07, 8 processors, Quad-Core Intel Xeon, 2.26 GHz, 6 GB, SMC 1.39f5
Graphics: NVIDIA GeForce GT 120, NVIDIA GeForce GT 120, PCIe, 512 MB
Memory Module: DIMM 1, 1 GB, DDR3 ECC, 1066 MHz, 0x80AD, 0x484D54313132553741465238432D47372020
Memory Module: DIMM 2, 1 GB, DDR3 ECC, 1066 MHz, 0x80AD, 0x484D54313132553741465238432D47372020
Memory Module: DIMM 3, 1 GB, DDR3 ECC, 1066 MHz, 0x80AD, 0x484D54313132553741465238432D47372020
Memory Module: DIMM 5, 1 GB, DDR3 ECC, 1066 MHz, 0x80AD, 0x484D54313132553741465238432D47372020
Memory Module: DIMM 6, 1 GB, DDR3 ECC, 1066 MHz, 0x80AD, 0x484D54313132553741465238432D47372020
Memory Module: DIMM 7, 1 GB, DDR3 ECC, 1066 MHz, 0x80AD, 0x484D54313132553741465238432D47372020
Bluetooth: Version 4.0.8f17, 2 service, 11 devices, 1 incoming serial ports
PCI Card: NVIDIA GeForce GT 120, sppci_displaycontroller, Slot-1
PCI Card: DeckLink Mini Monitor, sppci_video, Slot-2
Serial ATA Device: HL-DT-ST DVD-RW GH41N
Serial ATA Device: WDC WD6400AAKS-41H2B0, 640.14 GB
Serial ATA Device: ST3500418AS, 500.11 GB
Serial ATA Device: ST2000DM001-1CH164, 2 TB
Serial ATA Device: ST2000DM001-1CH164, 2 TB
USB Device: Keyboard Hub, apple_vendor_id, 0x1006, 0xfa200000 / 2
USB Device: Apple Optical USB Mouse, apple_vendor_id, 0x0304, 0xfa230000 / 5
USB Device: Microsoft Basic Optical Mouse v2.0, 0x045e (Microsoft Corporation), 0x00cb, 0xfa210000 / 4
USB Device: Apple Keyboard, apple_vendor_id, 0x0220, 0xfa220000 / 3
USB Device: Moser Baer Disk, 0x1ec9 (MOSER BAER INDIA LIMITED), 0x0001, 0xfd100000 / 2
USB Device: BRCM2046 Hub, 0x0a5c (Broadcom Corp.), 0x4500, 0x5a100000 / 2
USB Device: Bluetooth USB Host Controller, apple_vendor_id, 0x8215, 0x5a110000 / 5
USB Device: PTZ-930, 0x056a (WACOM Co., Ltd.), 0x00b2, 0x3d100000 / 2
FireWire Device: built-in_hub, 800mbit_speed
FireWire Device: SAFFIRE_PRO_14, Focusrite, 400mbit_speed

[Dwaine Maggart]

Resolve 10.1.5 requires CUDA 6.x, which is not compatible with OSX 10.7.5.

You need to update to at least OSX 10.8.5, and install CUDA 6.0.37.

Also, you appear to only have a GT120 graphics card. That is not adequate to run Resolve. The Resolve Mac Config guide will give you suggested options for graphics cards.