To get this working, you'll need the live-streaming software from RICOH. Install that and follow the live video instructions to connect your camera to your computer and have it show up as a video source.
If you're on a Mac, you can open up the FaceTime app and test it by picking "THETA UVC Blender" from the Video menu.
Once all of that is working, open up index.html and you should see the video rendered on the inside of a sphere that you can rotate around. Use the mouse to click and drag to move the camera around and the mouse wheel to zoom in and out.