What is the cause of this Load report failed error?

Please see the below exception.

CrystalDecisions.Shared.CrystalReportsException was unhandled

  HResult=-2146232832

  Message=Load report failed.

  Source=CrystalDecisions.CrystalReports.Engine

  StackTrace:

       at CrystalDecisions.ReportAppServer.ReportClientDocumentWrapper.EnsureDocumentIsOpened()

       at CrystalDecisions.CrystalReports.Engine.ReportDocument.Load(String filename, OpenReportMethod openMethod, Int16 parentJob)

       at CrystalDecisions.CrystalReports.Engine.ReportDocument.Load(String filename)

       at CigCrystalReports2013.Form1.ConfigureCrystalReports() in C:\Users\kkleven\documents\visual studio 2012\Projects\CigCrystalReports2013\CigCrystalReports2013\Form1.vb:line 9

       at CigCrystalReports2013.Form1.Form1_Load(Object sender, EventArgs e) in C:\Users\kkleven\documents\visual studio 2012\Projects\CigCrystalReports2013\CigCrystalReports2013\Form1.vb:line 14

       at System.EventHandler.Invoke(Object sender, EventArgs e)

       at System.Windows.Forms.Form.OnLoad(EventArgs e)

       at System.Windows.Forms.Form.OnCreateControl()

       at System.Windows.Forms.Control.CreateControl(Boolean fIgnoreVisible)

       at System.Windows.Forms.Control.CreateControl()

       at System.Windows.Forms.Control.WmShowWindow(Message& m)

       at System.Windows.Forms.Control.WndProc(Message& m)

       at System.Windows.Forms.ScrollableControl.WndProc(Message& m)

       at System.Windows.Forms.ContainerControl.WndProc(Message& m)

       at System.Windows.Forms.Form.WmShowWindow(Message& m)

       at System.Windows.Forms.Form.WndProc(Message& m)

       at System.Windows.Forms.Control.ControlNativeWindow.OnMessage(Message& m)

       at System.Windows.Forms.Control.ControlNativeWindow.WndProc(Message& m)

       at System.Windows.Forms.NativeWindow.DebuggableCallback(IntPtr hWnd, Int32 msg, IntPtr wparam, IntPtr lparam)

       at System.Windows.Forms.SafeNativeMethods.ShowWindow(HandleRef hWnd, Int32 nCmdShow)

       at System.Windows.Forms.Control.SetVisibleCore(Boolean value)

       at System.Windows.Forms.Form.SetVisibleCore(Boolean value)

       at System.Windows.Forms.Control.set_Visible(Boolean value)

       at System.Windows.Forms.Application.ThreadContext.RunMessageLoopInner(Int32 reason, ApplicationContext context)

       at System.Windows.Forms.Application.ThreadContext.RunMessageLoop(Int32 reason, ApplicationContext context)

       at System.Windows.Forms.Application.Run(ApplicationContext context)

       at Microsoft.VisualBasic.ApplicationServices.WindowsFormsApplicationBase.OnRun()

       at Microsoft.VisualBasic.ApplicationServices.WindowsFormsApplicationBase.DoApplicationModel()

       at Microsoft.VisualBasic.ApplicationServices.WindowsFormsApplicationBase.Run(String[] commandLine)

       at CigCrystalReports2013.My.MyApplication.Main(String[] Args) in 17d14f5c-a337-4978-8281-53493378c1071.vb:line 81

       at System.AppDomain._nExecuteAssembly(RuntimeAssembly assembly, String[] args)

       at System.AppDomain.ExecuteAssembly(String assemblyFile, Evidence assemblySecurity, String[] args)

       at Microsoft.VisualStudio.HostingProcess.HostProc.RunUsersAssembly()

       at System.Threading.ThreadHelper.ThreadStart_Context(Object state)

       at System.Threading.ExecutionContext.RunInternal(ExecutionContext executionContext, ContextCallback callback, Object state, Boolean preserveSyncCtx)

       at System.Threading.ExecutionContext.Run(ExecutionContext executionContext, ContextCallback callback, Object state, Boolean preserveSyncCtx)

       at System.Threading.ExecutionContext.Run(ExecutionContext executionContext, ContextCallback callback, Object state)

       at System.Threading.ThreadHelper.ThreadStart()

  InnerException: System.Runtime.InteropServices.COMException

       ErrorCode=-2147467259

       HResult=-2147467259

       Message=Unspecified error

       Source=sacommlayer.dll

       StackTrace:

            at CrystalDecisions.ReportAppServer.ClientDoc.ReportClientDocumentClass.Open(Object& DocumentPath, Int32 Options)

            at CrystalDecisions.ReportAppServer.ReportClientDocumentWrapper.Open(Object& DocumentPath, Int32 Options)

            at CrystalDecisions.ReportAppServer.ReportClientDocumentWrapper.EnsureDocumentIsOpened()

       InnerException:

This error is from a very simple test application where all it does is create an instance of the ReportDocument object and loads a report. I have included a copy of the code below:

Imports CrystalDecisions.CrystalReports.Engine
Imports CrystalDecisions.Shared

Public Class Form1

    Private Sub ConfigureCrystalReports()

        Dim Report As New ReportDocument
        Report.Load("BranchList_2013.rpt")

    End Sub

    Private Sub Form1_Load(sender As Object, e As EventArgs) Handles MyBase.Load
        ConfigureCrystalReports()
    End Sub

End Class

From what I have read, this is the first thing that needs to be done when creating a report. I am sure that the .rpt file is the the 'C:\Users\kkleven\Documents\Visual Studio 2012\Projects\CigCrystalReports2013\CigCrystalReports2013\bin\Debug' of this test application.

Can someone please help me determine the cause of this error?

Thank you for your time on this.