Annual report pursuant to Section 13 and 15(d)

SUBSEQUENT EVENT (Details) - Schedule of Proforma Consolidated Balance Sheets

SUBSEQUENT EVENT (Details) - Schedule of Proforma Consolidated Balance Sheets (USD $)	Oct. 31, 2014	Oct. 31, 2013	Oct. 31, 2012
Current assets:
Cash and cash equivalents	$ 3,361,246	$ 898,172	$ 339,693
Short-term investments in certificates of deposit	2,500,000us-gaap_ShortTermInvestments
Accounts receivable	400,000us-gaap_AccountsReceivableNetCurrent	175,000us-gaap_AccountsReceivableNetCurrent
Prepaid expense and other current assets	60,577	160,646
Total current assets	6,321,823us-gaap_AssetsCurrent	1,233,818us-gaap_AssetsCurrent
Patent, net of accumulated depreciation of $314,453	2,721,658itus_FiniteLivedPatentsNet
Property and equipment, net	11,875us-gaap_PropertyPlantAndEquipmentNet	8,379us-gaap_PropertyPlantAndEquipmentNet
Total assets	9,055,356us-gaap_Assets	5,439,538us-gaap_Assets
Current liabilities:
Accounts payable and accrued expenses	1,249,426	1,276,470
Royalties and contingent legal fees	560,076	207,743
Total current liabilities	1,809,502us-gaap_LiabilitiesCurrent	3,211,533us-gaap_LiabilitiesCurrent
Patent acquisition obligation	3,236,281itus_PatentAcquisitionObligation
Total liabilities	5,045,783us-gaap_Liabilities	8,760,131us-gaap_Liabilities
Preferred stock	350,000us-gaap_PreferredStockValue
Common stock, par value $.01 per share	2,196,922us-gaap_CommonStockValue	2,092,767us-gaap_CommonStockValue
Additional paid-in capital	146,232,373us-gaap_AdditionalPaidInCapital	134,750,048us-gaap_AdditionalPaidInCapital
Accumulated deficit	(144,769,722)	(135,163,408)
Total shareholder’s equity	4,009,573us-gaap_StockholdersEquity	(3,320,593)us-gaap_StockholdersEquity	(1,194,056)us-gaap_StockholdersEquity
Total liabilities and shareholders’ equity	9,055,356	5,439,538
Series A Preferred Stock [Member]
Current liabilities:
Preferred stock	350,000
Preferred Stock [Member]
Current liabilities:
Preferred stock
Total shareholder’s equity	350,000
Pro Forma [Member]
Current assets:
Cash and cash equivalents	8,861,246
Short-term investments in certificates of deposit	2,500,000
Accounts receivable	400,000
Prepaid expense and other current assets	60,577
Total current assets	11,821,823
Patent, net of accumulated depreciation of $314,453	2,721,658
Property and equipment, net	11,875
Total assets	14,555,356
Current liabilities:
Accounts payable and accrued expenses	1,047,466
Royalties and contingent legal fees	560,076
Total current liabilities	1,607,542
Patent acquisition obligation	3,236,281
Total liabilities	4,843,823
Preferred stock	350,000
Common stock, par value $.01 per share	2,196,922
Additional paid-in capital	146,232,373
Accumulated deficit	(139,067,762)
Total shareholder’s equity	9,711,533
Total liabilities and shareholders’ equity	$ 14,555,356