Outdated copies of WooCommerce template files

I have recently purchased this theme, and so far love the results. However I keep getting this error warning and need to see if you can help. It might be why I cannot get my store to display right. The following is the error:
Your theme has bundled outdated copies of WooCommerce template files. If you notice an issue on your site, this could be the reason. Please contact your theme developer for further assistance. You can review the System Status report for full details or learn more about WooCommerce Template Structure here.
Any help would be greatly appreciated. Thank you.