Kernal Panic Attack

Hello, I am here because ive been recently trying to factory reset my imac 2009 and every time I try to enter recovery mode I have a kernal panic and my computer restarts automatically. I have tried CTRL + R, Option + CTRL + R, Option, Command + Option + P + R and nothing seems to work. I am running OS X El Capitan 10.11.6

IMac Specs:

IMac 20-inch, Mid 2009

Processor: 2.26 GHz Intel Core 2 Duo

Memory: 3 GB 1067 MHz DDR3

Graphics: NVIDIA GeForce 9400 256 MB

Below is the log.

Anonymous UUID: 3B19DC4B-22E4-EB5D-194E-2685B0F19BB1

Fri May 22 10:41:58 2020

*** Panic Report ***

panic(cpu 1 caller 0xffffff801999654e): "Process 1 exec of /sbin/launchd failed, errno 5"@/Library/Caches/com.apple.xbs/Sources/xnu/xnu-3248.60.10/bsd/kern/kern_exec.c:4584

Backtrace (CPU 1), Frame : Return Address

0xffffff8092c0bde0 : 0xffffff80194dab52

0xffffff8092c0be60 : 0xffffff801999654e

0xffffff8092c0bee0 : 0xffffff801996df9b

0xffffff8092c0bf00 : 0xffffff80199b3dd1

0xffffff8092c0bf40 : 0xffffff80194d54cd

0xffffff8092c0bf80 : 0xffffff80195cef3e

0xffffff8092c0bfa0 : 0xffffff80195ec52f

BSD process name corresponding to current thread: init

Boot args: rp=file:///com.apple.recovery.boot/BaseSystem.dmg

Mac OS version:

Not yet set

Kernel version:

Darwin Kernel Version 15.6.0: Thu Jun 23 18:25:34 PDT 2016; root:xnu-3248.60.10~1/RELEASE_X86_64

Kernel UUID: B5AA8E3E-65B6-3D0E-867B-8DCCF81E536C

Kernel slide: 0x0000000019200000

Kernel text base: 0xffffff8019400000

__HIB text base: 0xffffff8019300000

System model name: iMac9,1 (Mac-F2218EA9)

System uptime in nanoseconds: 2482260084

last loaded kext at 2340831271: com.apple.driver.usb.IOUSBHostHIDDevice 1.0.1 (addr 0xffffff7f9cd6a000, size 40960)

loaded kexts:

com.apple.driver.DiskImages.SparseDiskImage 417.4

com.apple.iokit.SCSITaskUserClient 3.7.7

com.apple.driver.DiskImages.ReadWriteDiskImage 417.4

com.apple.driver.DiskImages.UDIFDiskImage 417.4

com.apple.driver.DiskImages.HTTPBackingStore 417.4

com.apple.driver.DiskImages.FileBackingStore 417.4

com.apple.driver.DiskImages.RAMBackingStore 417.4

com.apple.BootCache 38

com.apple.AppleFSCompression.AppleFSCompressionTypeZlib 1.0.0

com.apple.driver.AppleFileSystemDriver 3.0.1

com.apple.AppleFSCompression.AppleFSCompressionTypeDataless 1.0.0d1

com.apple.iokit.IOAHCIBlockStorage 2.8.5

com.apple.driver.AppleFWOHCI 5.5.4

com.apple.driver.AirPort.Brcm4331 800.20.24

com.apple.driver.AppleAHCIPort 3.1.8

com.apple.nvenet 2.0.22

com.apple.driver.usb.AppleUSBOHCIPCI 1.0.1

com.apple.driver.usb.AppleUSBEHCIPCI 1.0.1

com.apple.driver.AppleRTC 2.0

com.apple.driver.AppleHPET 1.8

com.apple.driver.AppleACPIButtons 4.0

com.apple.driver.AppleSMBIOS 2.1

com.apple.driver.AppleACPIEC 4.0

com.apple.driver.AppleAPIC 1.7

com.apple.driver.AppleIntelCPUPowerManagementClient 218.0.0

com.apple.driver.AppleIntelCPUPowerManagementDriver 218.0.0

com.apple.security.quarantine 3

com.apple.security.TMSafetyNet 8

com.apple.nke.applicationfirewall 163

com.apple.driver.AppleIntelCPUPowerManagement 218.0.0

com.apple.kext.MojoKDP 2.0.2

com.apple.driver.usb.IOUSBHostHIDDevice 1.0.1

com.apple.driver.usb.AppleUSBHub 1.0.1

com.apple.driver.usb.cdc 5.0.0

com.apple.driver.usb.networking 5.0.0

com.apple.driver.usb.AppleUSBHostCompositeDevice 1.0.1

com.apple.iokit.IOSCSIMultimediaCommandsDevice 3.7.7

com.apple.iokit.IOBDStorageFamily 1.8

com.apple.iokit.IODVDStorageFamily 1.8

com.apple.iokit.IOCDStorageFamily 1.8

com.apple.driver.DiskImages.KernelBacked 417.4

com.apple.iokit.IOAHCISerialATAPI 2.6.2

com.apple.iokit.IOSCSIArchitectureModelFamily 3.7.7

com.apple.driver.AppleXsanScheme 3

com.apple.iokit.IOFireWireFamily 4.6.1

com.apple.iokit.IO80211Family 1110.26

com.apple.driver.corecapture 1.0.4

com.apple.iokit.IOAHCIFamily 2.8.1

com.apple.iokit.IONetworkingFamily 3.2

com.apple.driver.AppleUSBMergeNub 900.4.1

com.apple.driver.usb.AppleUSBOHCI 1.0.1

com.apple.driver.usb.AppleUSBEHCI 1.0.1

com.apple.driver.NVSMU 2.2.9

com.apple.iokit.IOUSBFamily 900.4.1

com.apple.iokit.IOUSBHostFamily 1.0.1

com.apple.driver.AppleUSBHostMergeProperties 1.0.1

com.apple.driver.AppleEFINVRAM 2.0

com.apple.driver.AppleEFIRuntime 2.0

com.apple.iokit.IOHIDFamily 2.0.0

com.apple.iokit.IOSMBusFamily 1.1

com.apple.security.sandbox 300.0

com.apple.kext.AppleMatch 1.0.0d1

com.apple.driver.AppleKeyStore 2

com.apple.driver.AppleMobileFileIntegrity 1.0.5

com.apple.driver.DiskImages 417.4

com.apple.iokit.IOStorageFamily 2.1

com.apple.iokit.IOBluetoothFamily 4.4.6f1

com.apple.driver.AppleFDEKeyStore 28.30

com.apple.iokit.IOReportFamily 31

com.apple.driver.AppleCredentialManager 1.0

com.apple.driver.AppleACPIPlatform 4.0

com.apple.iokit.IOPCIFamily 2.9

com.apple.iokit.IOACPIFamily 1.4

com.apple.kec.pthread 1

com.apple.kec.corecrypto 1.0

Unable to gather system configuration information.