Annual report pursuant to Section 13 and 15(d)

CONDENSED CONSOLIDATED STATEMENT OF SHAREHOLDERS` EQUITY

v2.4.1.9
CONDENSED CONSOLIDATED STATEMENT OF SHAREHOLDERS` EQUITY (USD $)
Aspire Capital Fund LLC [Member]
Common Stock [Member]
Aspire Capital Fund LLC [Member]
Additional Paid-in Capital [Member]
Aspire Capital Fund LLC [Member]
ZQX Advisors LLC [Member]
Additional Paid-in Capital [Member]
ZQX Advisors LLC [Member]
Preferred Stock [Member]
Common Stock and Preferred Stock [Member]
Preferred Stock [Member]
Common Stock [Member]
Common Stock and Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Common Stock and Preferred Stock [Member]
Additional Paid-in Capital [Member]
Loan Receivable From Former Affiliate [Member]
Retained Earnings [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Common Stock and Preferred Stock [Member]
Total
BALANCE at Oct. 31, 2012                 $ 1,849,790us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
  $ 127,693,160us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
$ (5,000,000)us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= itus_LoanReceivableFromFormerAffiliateMember
$ (125,083,322)us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
$ (653,684)us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
  $ (1,194,056)us-gaap_StockholdersEquity
BALANCE (in Shares) at Oct. 31, 2012                 184,979,037us-gaap_SharesIssued
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
             
Stock option compensation to employees                     2,693,121us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
        2,693,121us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
Stock option compensation to consultants                     1,105,018itus_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationToConsulant
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
        1,105,018itus_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationToConsulant
Common stock issued upon exercise of stock options                 1,460us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
  24,150us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
        25,610us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised
Common stock issued upon exercise of stock options (in Shares)                 146,000us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
             
Common stock issued to consultants                 13,450us-gaap_StockIssuedDuringPeriodValueIssuedForServices
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
  291,235us-gaap_StockIssuedDuringPeriodValueIssuedForServices
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
        304,685us-gaap_StockIssuedDuringPeriodValueIssuedForServices
Common stock issued to consultants (in Shares)                 1,345,000us-gaap_StockIssuedDuringPeriodSharesIssuedForServices
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
             
Common stock issued upon conversion of convertible debentures                 103,189us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
  1,250,175us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
        1,353,364us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
Common stock issued upon conversion of convertible debentures (in Shares)                 10,318,945us-gaap_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
             
Common stock issued in lieu of interest on convertible debentures                 4,803itus_StockIssuedDuringPeriodInLieuOfInterestOnConvertibleSecurities
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
  93,936itus_StockIssuedDuringPeriodInLieuOfInterestOnConvertibleSecurities
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
        98,739itus_StockIssuedDuringPeriodInLieuOfInterestOnConvertibleSecurities
Common stock issued in lieu of interest on convertible debentures (in Shares)                 480,270itus_StockIssuedDuringPeriodSharesInLieuOfInterestOnConvertibleSecurities
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
             
Sale of common stock 53,800us-gaap_ProceedsFromIssuanceOfCommonStock
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= itus_AspireCapitalFundLLCMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
996,605us-gaap_ProceedsFromIssuanceOfCommonStock
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= itus_AspireCapitalFundLLCMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
1,050,405us-gaap_ProceedsFromIssuanceOfCommonStock
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= itus_AspireCapitalFundLLCMember
24,138us-gaap_ProceedsFromIssuanceOfCommonStock
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= itus_ZQXAdvisorsLLCMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
24,138us-gaap_ProceedsFromIssuanceOfCommonStock
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= itus_ZQXAdvisorsLLCMember
                    1,050,405us-gaap_ProceedsFromIssuanceOfCommonStock
Sale of common stock (in Shares) 5,380,000itus_ProceedsFromIssuanceOfCommonStockShares
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= itus_AspireCapitalFundLLCMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
                             
Reversal of unrealized loss as of October 31, 2012 on investment in Videocon Industries Limited global depository receipts                           653,684itus_ReversalOfOtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
  653,684itus_ReversalOfOtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
Net loss                         (10,080,086)us-gaap_NetIncomeLoss
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
    (10,080,086)us-gaap_NetIncomeLoss
Common stock issued to Aspire Capital Fund LLC, as consideration 35,000itus_StockIssuedDuringPeriodValueConsideration
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= itus_AspireCapitalFundLLCMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
(35,000)itus_StockIssuedDuringPeriodValueConsideration
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= itus_AspireCapitalFundLLCMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
                           
Common stock issued to Aspire Capital Fund LLC, as consideration (in Shares) 3,500,000itus_StockIssuedDuringPeriodSharesAsConsideration
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= itus_AspireCapitalFundLLCMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
                             
Warrants issued in connection with issuance of convertible debentures                     221,985us-gaap_AdjustmentsToAdditionalPaidInCapitalWarrantIssued
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
        221,985us-gaap_AdjustmentsToAdditionalPaidInCapitalWarrantIssued
Common stock issued upon exercise of warrants                 29,275us-gaap_StockIssuedDuringPeriodValueOther
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
  351,525us-gaap_StockIssuedDuringPeriodValueOther
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
        380,800us-gaap_StockIssuedDuringPeriodValueOther
Common stock issued upon exercise of warrants (in Shares)                 2,927,493us-gaap_StockIssuedDuringPeriodSharesOther
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
             
Common stock issued to acquire patent license                 2,000itus_StockIssuedDuringPeriodValuePatentLicense
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
  40,000itus_StockIssuedDuringPeriodValuePatentLicense
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
        42,000itus_StockIssuedDuringPeriodValuePatentLicense
Common stock issued to acquire patent license (in Shares)                 200,000itus_StockIssuedDuringPeriodSharesPatentLicense
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
             
BALANCE at Oct. 31, 2013                 2,092,767us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
  134,750,048us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
(5,000,000)us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= itus_LoanReceivableFromFormerAffiliateMember
(135,163,408)us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
    (3,320,593)us-gaap_StockholdersEquity
BALANCE (in Shares) at Oct. 31, 2013                 209,276,745us-gaap_SharesIssued
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
             
Stock option compensation to employees                     2,127,719us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
        2,127,719us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
Stock option compensation to consultants                     1,022,080itus_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationToConsulant
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
        1,022,080itus_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationToConsulant
Common stock issued upon exercise of stock options                 5,150us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
  70,725us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
        75,875us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised
Common stock issued upon exercise of stock options (in Shares)                 515,000us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
             
Common stock issued to consultants                 3,100us-gaap_StockIssuedDuringPeriodValueIssuedForServices
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
  81,598us-gaap_StockIssuedDuringPeriodValueIssuedForServices
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
        84,698us-gaap_StockIssuedDuringPeriodValueIssuedForServices
Common stock issued to consultants (in Shares)                 310,000us-gaap_StockIssuedDuringPeriodSharesIssuedForServices
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
             
Common stock issued upon conversion of convertible debentures           350,000us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
/ itus_EquityComponentDescriptionAxis
= itus_CommonStockAndPreferredStockMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_PreferredStockMember
  25,200us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
/ itus_EquityComponentDescriptionAxis
= itus_CommonStockAndPreferredStockMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
82,671us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
4,854,441us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
/ itus_EquityComponentDescriptionAxis
= itus_CommonStockAndPreferredStockMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
2,652,678us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
      5,229,641us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
/ itus_EquityComponentDescriptionAxis
= itus_CommonStockAndPreferredStockMember
2,735,349us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
Common stock issued upon conversion of convertible debentures (in Shares)           3,500us-gaap_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
/ itus_EquityComponentDescriptionAxis
= itus_CommonStockAndPreferredStockMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_PreferredStockMember
  2,520,000us-gaap_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
/ itus_EquityComponentDescriptionAxis
= itus_CommonStockAndPreferredStockMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
8,267,080us-gaap_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
             
Common stock issued in lieu of interest on convertible debentures                 2,634itus_StockIssuedDuringPeriodInLieuOfInterestOnConvertibleSecurities
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
  59,144itus_StockIssuedDuringPeriodInLieuOfInterestOnConvertibleSecurities
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
        61,778itus_StockIssuedDuringPeriodInLieuOfInterestOnConvertibleSecurities
Common stock issued in lieu of interest on convertible debentures (in Shares)                 263,415itus_StockIssuedDuringPeriodSharesInLieuOfInterestOnConvertibleSecurities
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
             
Sale of common stock                  160,000us-gaap_ProceedsFromIssuanceOfCommonStock
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
  3,513,135us-gaap_ProceedsFromIssuanceOfCommonStock
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
        3,673,135us-gaap_ProceedsFromIssuanceOfCommonStock
Sale of common stock (in Shares)                 16,000,000itus_ProceedsFromIssuanceOfCommonStockShares
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
             
Acquisition of common stock in exchange for investment in Videocon Industries Limited global depository receipts                     (4,134,516)us-gaap_StockRepurchasedDuringPeriodValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
        (4,134,516)us-gaap_StockRepurchasedDuringPeriodValue
Retire common stock acquired in exchange for investment in Videocon Industries Limited global depository receipts                 (200,000)us-gaap_StockRepurchasedAndRetiredDuringPeriodValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
  200,000us-gaap_StockRepurchasedAndRetiredDuringPeriodValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
         
Retire common stock acquired in exchange for investment in Videocon Industries Limited global depository receipts (in Shares)                 (20,000,000)us-gaap_StockRepurchasedAndRetiredDuringPeriodShares
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
             
Reversal of unrealized loss as of October 31, 2012 on investment in Videocon Industries Limited global depository receipts                                 
Net loss                         (9,606,314)us-gaap_NetIncomeLoss
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
    (9,606,314)us-gaap_NetIncomeLoss
Warrants issued in connection with issuance of convertible debentures                     513,112us-gaap_AdjustmentsToAdditionalPaidInCapitalWarrantIssued
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
        513,112us-gaap_AdjustmentsToAdditionalPaidInCapitalWarrantIssued
Common stock issued upon exercise of warrants                 13,400us-gaap_StockIssuedDuringPeriodValueOther
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
  286,609us-gaap_StockIssuedDuringPeriodValueOther
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
        300,009us-gaap_StockIssuedDuringPeriodValueOther
Common stock issued upon exercise of warrants (in Shares)                 1,339,950us-gaap_StockIssuedDuringPeriodSharesOther
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
             
Common stock issued to acquire patent license                 12,000itus_StockIssuedDuringPeriodValuePatentLicense
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
  235,600itus_StockIssuedDuringPeriodValuePatentLicense
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
        247,600itus_StockIssuedDuringPeriodValuePatentLicense
Common stock issued to acquire patent license (in Shares)                 1,200,000itus_StockIssuedDuringPeriodSharesPatentLicense
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
             
Satisfaction of loan receivable from former affiliate                       5,000,000us-gaap_LoansAndLeasesReceivableRelatedPartiesCollections
/ us-gaap_StatementEquityComponentsAxis
= itus_LoanReceivableFromFormerAffiliateMember
      5,000,000us-gaap_LoansAndLeasesReceivableRelatedPartiesCollections
BALANCE at Oct. 31, 2014             $ 350,000us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_PreferredStockMember
  $ 2,196,922us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
  $ 146,232,373us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
  $ (144,769,722)us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
    $ 4,009,573us-gaap_StockholdersEquity
BALANCE (in Shares) at Oct. 31, 2014             3,500us-gaap_SharesIssued
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_PreferredStockMember
  219,692,190us-gaap_SharesIssued
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember