Took me hours and hours of figuring out how do I fix this problem, I am not a programmer, I don't have any programming language skill. So therefore I need help from somebody to translate the device log for me so I could find a solution.
All the images that I used in the required assets are in PNG. I even tested it using the CocoonJS launcher on my iPhone and it gave me these errors.
http://pastebin.com/HKqMyeji That's the link for the device log