UPDATE: Think I found the issue: tklbam backup error: OSError: [Errno 12] Cannot allocate memory

I may have found the problem with the issue below, but I could still use some help from your big tkl brains to fix it.

I realized my backups were failing after I added a separate development server. Here's my set up:

Production Server: 
A micro EC2 instance with a domain name, let's call it mytklserver.com

Dev Server: 
A small EC2 instance which I pointed DNS to using a subdomain, like dev.mytklserver.com 

The reason I think there is an issue with TKLBAM using the same domain name on two servers is this:

When I do a "tklbam list" on both servers I get the exact same backups listed. I think there might be some type of error by having both servers on the same domain, even though the Dev box is on the dev subdomain.

I tried deleting the latest backup and trying a tklbam backup --disable-resume 

But that resulted in the same error as below.   

I think if I could re-initialize or reinstall tklbam to start fresh it might work. So my question(s) is: 

How should I un-install and re-install tklbam on my production server? 

OR

How else could I "reset" tklbam to see if the "two servers on one domain" issue is the problem? 

Thanks again for any input. 

PREVIOUS ISSUE POST BELOW:
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I'm getting the following error when trying to run tklbam backup from the command line.

The instance is a m1.small with kernal id of aki-88aa75e1

It's a tkl lamp wordpress box with multiple wordpress installs running on it. The instance has a 500 gb volume attached, which has 35 gb being used. 

Thanks in advance for any insight you can provide. Here's the error: 

Traceback (most recent call last):

  File "/usr/bin/tklbam", line 46, in <module>

    CliWrapper.main()

  File "/usr/lib/tklbam/cliwrapper.py", line 88, in main

    commands[command].main()

  File "/usr/lib/tklbam/cmd_backup.py", line 446, in main

    opt_resume, True, dump_path if dump_path else "/")

  File "/usr/lib/tklbam/backup.py", line 237, in __init__

    self._create_extras(extras_paths, profile_paths, backup_conf)

  File "/usr/lib/tklbam/backup.py", line 180, in _create_extras

    if mysql.MysqlService.is_running():

  File "/usr/lib/tklbam/mysql.py", line 629, in is_running

    executil.getoutput('mysqladmin -s ping')

  File "/usr/lib/python2.6/dist-packages/executil.py", line 63, in getoutput

    error, output = commands.getstatusoutput(command)

  File "/usr/lib/python2.6/commands.py", line 55, in getstatusoutput

    pipe = os.popen('{ ' + cmd + '; } 2>&1', 'r')

OSError: [Errno 12] Cannot allocate memory