Hi Damon,
We using different way to release firmware release. We never had V1 and V2 firmware releases.
Please update your LR-16 with the following firmware release: LR-16 Firmware 83859 (Dec. 17th, 2014) https://cymaticaudio.com/downloads
Once the update done, please make sure to format your storage device once with the LR-16 before you start to using.