INVESTMENTS (Details) - The fair value of investment (USD $)
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12 Months Ended | |
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Oct. 31, 2014
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Oct. 31, 2013
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Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items] | ||
Reversal of unrealized loss as of October 31,2012 | $ (653,684)itus_ReversalOfOtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax | |
Investment In Videocon [Member] | ||
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items] | ||
Fair Value as of October 31, 2012 |
4,197,341us-gaap_AvailableForSaleSecuritiesEquitySecuritiesNoncurrent / us-gaap_RelatedPartyTransactionAxis = itus_InvestmentInVideoconMember |
4,728,367us-gaap_AvailableForSaleSecuritiesEquitySecuritiesNoncurrent / us-gaap_RelatedPartyTransactionAxis = itus_InvestmentInVideoconMember |
Reversal of unrealized loss as of October 31,2012 |
653,684itus_ReversalOfOtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax / us-gaap_RelatedPartyTransactionAxis = itus_InvestmentInVideoconMember |
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Other than temporary impairment |
(62,825)us-gaap_ImpairmentOfInvestments / us-gaap_RelatedPartyTransactionAxis = itus_InvestmentInVideoconMember |
(1,184,710)us-gaap_ImpairmentOfInvestments / us-gaap_RelatedPartyTransactionAxis = itus_InvestmentInVideoconMember |
Fair value of Videocon GDRs on date of disposition |
(4,134,516)us-gaap_ImpairedAssetsToBeDisposedOfByMethodOtherThanSaleCarryingValueOfAsset / us-gaap_RelatedPartyTransactionAxis = itus_InvestmentInVideoconMember |
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Fair Value |
$ 0us-gaap_AvailableForSaleSecuritiesEquitySecuritiesNoncurrent / us-gaap_RelatedPartyTransactionAxis = itus_InvestmentInVideoconMember |
$ 4,197,341us-gaap_AvailableForSaleSecuritiesEquitySecuritiesNoncurrent / us-gaap_RelatedPartyTransactionAxis = itus_InvestmentInVideoconMember |
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- Definition
Amount after tax, before reclassification adjustments, of reversal of unrealized holding gain (loss) on available-for-sale securities. No definition available.
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- Definition
Equity securities categorized neither as held-to-maturity nor trading which are intended be sold more than one year from the balance sheet date or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The carrying amount on the books of the entity of the impaired asset to be disposed of by a method other than sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount by which the fair value of an investment is less than the amortized cost basis or carrying amount of that investment at the balance sheet date and the decline in fair value is deemed to be other than temporary, before considering whether or not such amount is recognized in earnings or other comprehensive income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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