No Working License Selected on 127.0.0.1

How to resolve when there is no working license selected on 127.0.0.1 ?

This error generally occurs when the licenses are activated properly, but are not selected. It can happen both for FlexiCapture Engine and FlexiLayout Studio (Standalone). 

   In order to resolve the issue, follow the below steps
    1. Browse to the following folder
         FlexiCapture Engine - “C:\ProgramData\ABBYY\SDK\12\FlexiCapture Engine\Bin”
         FlexiLayout Studio - “C:\Program Files\ABBYY FlexiCapture 12”
     *Note - These are the default locations, it can be customized as per the requirements.
    2. Open LicenseManager, click on the license (Serial Key) and click on the Select button.

Find the below Screenshot for reference,