Looks normal to me. You can wait for the timer to timeout, or hit [enter] and the VM will then boot.
I don't see problem.
It's the VM having a problem then. The first screen grab you showed us contained no errors. This is completely different.
Is this a VM that has worked before or one you have just created?
so the 2nd screen is the output when I select the 1st option(ubuntu) from 1st screen
Have you done any of:
?
yup tried all.
same output