Are you connected to the Internet? (In the screenshot, it looks like there is an issue with the network in the VM.)
EDIT:
If you allow Paratext to connect to the Internet and it isn’t working, you might get into that situation.
Where it says “Registration:”, there should be some information beside it detailing that the project will inherit its registration from the base project. I think the only way it would not show that is if there was an error when trying to contact the Registry for the license information of the base project.
If you want to test this, you should be able to disallow Paratext from connecting to the Internet (in Tools > Options) and try again.