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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)
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12 Months Ended |
0 Months Ended |
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Oct. 31, 2014
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Oct. 31, 2013
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Dec. 29, 2014
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| SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items] |
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| License and Services Revenue |
$ 1,187,320us-gaap_LicenseAndServicesRevenue
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| Deferred Revenue, Current |
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1,187,320us-gaap_DeferredRevenueCurrent
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| Proceeds from Legal Settlements |
2,000,000us-gaap_ProceedsFromLegalSettlements
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| Fair Value Assumptions, Expected Dividend Rate |
0.00%us-gaap_FairValueAssumptionsExpectedDividendRate
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| Short-term Investments |
2,500,000us-gaap_ShortTermInvestments
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| Share-based Compensation |
2,127,719us-gaap_ShareBasedCompensation
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2,693,121us-gaap_ShareBasedCompensation
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| Convertible Preferred Stock [Member] |
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| SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items] |
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| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in Shares) |
18,498,943us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_ConvertiblePreferredStockMember
|
0us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_ConvertiblePreferredStockMember
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| Convertible Debenture [Member] |
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| SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items] |
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| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in Shares) |
0us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itus_ConvertibleDebentureMember
|
9,604,820us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itus_ConvertibleDebentureMember
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| Licensees 1 [Member] | Sales Revenue, Net [Member] | Customer Concentration Risk [Member] |
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| SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items] |
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| Concentration Risk, Percentage |
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22.00%us-gaap_ConcentrationRiskPercentage1
/ us-gaap_ConcentrationRiskByBenchmarkAxis
= us-gaap_SalesRevenueNetMember
/ us-gaap_ConcentrationRiskByTypeAxis
= us-gaap_CustomerConcentrationRiskMember
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= itus_Licensees1Member
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| Licensees 2 [Member] | Sales Revenue, Net [Member] | Customer Concentration Risk [Member] |
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| SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items] |
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| Concentration Risk, Percentage |
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16.00%us-gaap_ConcentrationRiskPercentage1
/ us-gaap_ConcentrationRiskByBenchmarkAxis
= us-gaap_SalesRevenueNetMember
/ us-gaap_ConcentrationRiskByTypeAxis
= us-gaap_CustomerConcentrationRiskMember
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= itus_Licensees2Member
|
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| Licensees 3 [Member] | Sales Revenue, Net [Member] | Customer Concentration Risk [Member] |
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| SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items] |
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| Concentration Risk, Percentage |
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14.00%us-gaap_ConcentrationRiskPercentage1
/ us-gaap_ConcentrationRiskByBenchmarkAxis
= us-gaap_SalesRevenueNetMember
/ us-gaap_ConcentrationRiskByTypeAxis
= us-gaap_CustomerConcentrationRiskMember
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= itus_Licensees3Member
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| Licensees 4 [Member] | Sales Revenue, Net [Member] | Customer Concentration Risk [Member] |
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| SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items] |
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| Concentration Risk, Percentage |
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10.00%us-gaap_ConcentrationRiskPercentage1
/ us-gaap_ConcentrationRiskByBenchmarkAxis
= us-gaap_SalesRevenueNetMember
/ us-gaap_ConcentrationRiskByTypeAxis
= us-gaap_CustomerConcentrationRiskMember
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= itus_Licensees4Member
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| Warrant [Member] |
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| SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items] |
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| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in Shares) |
26,123,281us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
/ us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis
= us-gaap_WarrantMember
|
9,878,759us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
/ us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis
= us-gaap_WarrantMember
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| AUO License Agreement [Member] |
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| SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items] |
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| License and Services Revenue |
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3,000,000us-gaap_LicenseAndServicesRevenue
/ us-gaap_RelatedPartyTransactionAxis
= itus_AUOLicenseAgreementMember
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| License Agreement, Aggregate License Fee |
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10,000,000itus_LicenseAgreementAggregateLicenseFee
/ us-gaap_RelatedPartyTransactionAxis
= itus_AUOLicenseAgreementMember
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| License Agreement, Contingent License Fee, Receivable |
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7,000,000itus_LicenseAgreementContingentLicenseFeeReceivable
/ us-gaap_RelatedPartyTransactionAxis
= itus_AUOLicenseAgreementMember
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| Deferred Revenue, Current |
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1,187,000us-gaap_DeferredRevenueCurrent
/ us-gaap_RelatedPartyTransactionAxis
= itus_AUOLicenseAgreementMember
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| AUO Settlement [Member] |
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| SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items] |
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| Proceeds from Legal Settlements |
9,000,000us-gaap_ProceedsFromLegalSettlements
/ us-gaap_RelatedPartyTransactionAxis
= itus_AUOSettlementMember
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9,000,000us-gaap_ProceedsFromLegalSettlements
/ us-gaap_RelatedPartyTransactionAxis
= itus_AUOSettlementMember
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| Stock Options Granted To Employees And Directors [Member] | Employee Stock Option [Member] |
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| SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items] |
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| Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options |
647,000us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
/ us-gaap_AwardTypeAxis
= us-gaap_EmployeeStockOptionMember
/ us-gaap_RelatedPartyTransactionAxis
= itus_StockOptionsGrantedToEmployeesAndDirectorsMember
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| Stock Options Granted To Employees And Directors [Member] |
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| SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items] |
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| Share-based Compensation |
2,128,000us-gaap_ShareBasedCompensation
/ us-gaap_RelatedPartyTransactionAxis
= itus_StockOptionsGrantedToEmployeesAndDirectorsMember
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2,693,000us-gaap_ShareBasedCompensation
/ us-gaap_RelatedPartyTransactionAxis
= itus_StockOptionsGrantedToEmployeesAndDirectorsMember
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| Amortization Related To Compensation Cost |
1,426,000itus_AmortizationRelatedToCompensationCost
/ us-gaap_RelatedPartyTransactionAxis
= itus_StockOptionsGrantedToEmployeesAndDirectorsMember
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2,314,000itus_AmortizationRelatedToCompensationCost
/ us-gaap_RelatedPartyTransactionAxis
= itus_StockOptionsGrantedToEmployeesAndDirectorsMember
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| Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized |
2,482,000us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
/ us-gaap_RelatedPartyTransactionAxis
= itus_StockOptionsGrantedToEmployeesAndDirectorsMember
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| Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition |
1 year 219 days
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| Stock Award Granted To Employees And Consultants [Member] |
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| SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items] |
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| Share-based Compensation |
1,022,000us-gaap_ShareBasedCompensation
/ us-gaap_RelatedPartyTransactionAxis
= itus_StockAwardGrantedToEmployeesAndConsultantsMember
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1,105,000us-gaap_ShareBasedCompensation
/ us-gaap_RelatedPartyTransactionAxis
= itus_StockAwardGrantedToEmployeesAndConsultantsMember
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| Amortization Related To Compensation Cost |
964,000itus_AmortizationRelatedToCompensationCost
/ us-gaap_RelatedPartyTransactionAxis
= itus_StockAwardGrantedToEmployeesAndConsultantsMember
|
1,105,000itus_AmortizationRelatedToCompensationCost
/ us-gaap_RelatedPartyTransactionAxis
= itus_StockAwardGrantedToEmployeesAndConsultantsMember
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| Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized |
964,000us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
/ us-gaap_RelatedPartyTransactionAxis
= itus_StockAwardGrantedToEmployeesAndConsultantsMember
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| Property, Plant and Equipment, Useful Life |
1 year 36 days
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| Employee Stock Option [Member] |
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| SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items] |
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| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in Shares) |
75,063,770us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
/ us-gaap_AwardTypeAxis
= us-gaap_EmployeeStockOptionMember
|
63,122,845us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
/ us-gaap_AwardTypeAxis
= us-gaap_EmployeeStockOptionMember
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| Awards Of Options With 10 Year Terms [Member] |
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| SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items] |
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| Share Based Compensation Arrangement By Share Based Payment Award, Award Vesting Period, Description |
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The stock options we granted during the year ended October 31, 2013 consisted of awards of options with 5-year terms, which vest over one year and options with 10-year terms which vest in three annual installments commencing on the date of grant or over a nine month period.
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| Tax Credit Carryforward, Expiration Date Range |
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three annual installments commencing on the date of grant or over a nine month period.
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| Patents [Member] |
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| SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items] |
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| Acquisition Costs, Period Cost |
3,036,000us-gaap_AcquisitionCosts
/ us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis
= us-gaap_PatentsMember
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0us-gaap_AcquisitionCosts
/ us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis
= us-gaap_PatentsMember
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| Amortization of Acquisition Costs |
$ 314,000us-gaap_AmortizationOfAcquisitionCosts
/ us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis
= us-gaap_PatentsMember
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$ 0us-gaap_AmortizationOfAcquisitionCosts
/ us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis
= us-gaap_PatentsMember
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| Sales Revenue, Net [Member] | Customer Concentration Risk [Member] |
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| SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items] |
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| Concentration Risk, Percentage |
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90.00%us-gaap_ConcentrationRiskPercentage1
/ us-gaap_ConcentrationRiskByBenchmarkAxis
= us-gaap_SalesRevenueNetMember
/ us-gaap_ConcentrationRiskByTypeAxis
= us-gaap_CustomerConcentrationRiskMember
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| Accounts Receivable [Member] | Credit Concentration Risk [Member] |
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| SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items] |
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| Concentration Risk, Percentage |
100.00%us-gaap_ConcentrationRiskPercentage1
/ us-gaap_ConcentrationRiskByBenchmarkAxis
= us-gaap_AccountsReceivableMember
/ us-gaap_ConcentrationRiskByTypeAxis
= us-gaap_CreditConcentrationRiskMember
|
100.00%us-gaap_ConcentrationRiskPercentage1
/ us-gaap_ConcentrationRiskByBenchmarkAxis
= us-gaap_AccountsReceivableMember
/ us-gaap_ConcentrationRiskByTypeAxis
= us-gaap_CreditConcentrationRiskMember
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