SPONSORED RESEARCH AGREEMENT	6 Months Ended	12 Months Ended
SPONSORED RESEARCH AGREEMENT	Jun. 30, 2012	Dec. 31, 2011
SPONSORED RESEARCH AGREEMENT [Abstract]
SPONSORED RESEARCH AGREEMENT	NOTE 3. SPONSORED RESEARCH AGREEMENT Applied Power Concepts, Inc. On July 7, 2011, the Company entered into a services agreement (the "Services Agreement") with Applied Power Concepts, Inc. ("APC") and additional ancillary agreements pursuant to which APC assists the Company in the development of the patent pending BluFlow ^TM Treatment System, which incorporates the BluFlow ^TM Nanoparticles and BluFlow ^TM AUT, as well as research and development to determine additional applications for the BluFlow ^TM Nanoparticles. Pursuant to the terms of the Services Agreement any technologies developed by APC for the Company, including any patents arising therefrom, belong to the Company. Pursuant to SEC Rule 24b-2, certain portions of this agreement have been granted confidential treatment and therefore have not been disclosed. Payment under the Services Agreement is based upon time and materials and includes a bonus of stock options to purchase the Company's common stock with vesting based on performance milestones. The Services Agreement can be terminated at any time by either party.	NOTE 4. SPONSORED RESEARCH AGREEMENT University of California, Santa Barbara On December 9, 2010, the Company entered into the sponsored Research Agreement with the University of California, Santa Barbara ("UCSB") providing for the continuing development of the UCSB Nanoparticles. The research agreement was effective for the period January 1, 2011 through December 31, 2014. The terms of the agreement were on a "cost reimbursement" basis. The agreement could be terminated by either party, without cause, with a 60-day written notice. Pursuant to SEC Rule 24b-2, certain portions of this agreement have been granted confidential treatment and therefore have not been disclosed. On October 24, 2011, the Company provided a 60-day written termination notice to UCSB as management believes it can further the research and development of the technology on a more cost effective manner than UCSB. Applied Power Concepts, Inc. On July 7, 2011, the Company entered into a services agreement (the "Services Agreement") with Applied Power Concepts, Inc. ("APC") and additional ancillary agreements pursuant to which APC assists the Company in the development of the patent pending BluFlow™ Treatment System, which incorporates the BluFlow^TM Nanoparticles and BluFlow^TM AUT, as well as research and development to determine additional applications for the BluFlow^TM Nanoparticles. Pursuant to the terms of the Services Agreement any technologies developed by APC for the Company, including any patents arising therefrom, belong to the Company. Pursuant to SEC Rule 24b-2, certain portions of this agreement have been granted confidential treatment and therefore have not been disclosed. Payment under the Services Agreement is based upon time and materials and includes a bonus of stock options to purchase the Company's common stock with vesting based on performance milestones. The Services Agreement can be terminated at any time by either party.

The entire disclosure for research, development, and computer software activities, including contracts and arrangements to be performed for others and with federal government. Includes costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility and in-process research and development acquired in a business combination consummated during the period.

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+ Details

Ceres Ventures, Inc. S-1