I found out that #AndStatus v. 40.01 has a bug, crashing its Timeline in a case a User selected "Device default" Color Theme in AndStatus Settings -> Appearance.
As a workaround before a fix please select the other Color Theme: Dark or Light.
In order to get into AndStatus settings without opening a Timeline please do the following:
1. Go to Android Settings -> Accounts
2. Select any AndStatus account
3. On the window of the account click "AndStatus account settings" words.
4. "Select an account" list with accounts inside AndStatus will open.
5. Don't Select any account, but press Back button on your device instead. 
6. Now you're in AndStatus Settings. 
7. Go to Appearance -> Color Theme and select Dark or Light.