This is exactly what issue I am having and it is making me really infuriated. If someone can fix this problem the whole world would be a lot more better place, but right now my microphone IS NOT WORKING. That makes me really frustrated and I even bought this software for $30, then I get this huge error and even if I uninstall my driver it still happens, if I disconnect and reconnect my mic it still happens. It. Still. Happens. I am so irritated and angry since I wanted to use my microphone and I cannot even use my microphone across any platform or the entirety of the computer like the OP had said, this is horrible.
This is also exactly why I had signed up to the forums, to fix this problem.