CONVERTIBLE DEBENTURES (Details) - Convertible Debenture (USD $)
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Nov. 30, 2016
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Dec. 31, 2015
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Oct. 31, 2014
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Oct. 31, 2013
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Apr. 30, 2014
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Jan. 25, 2013
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CONVERTIBLE DEBENTURES (Details) - Convertible Debenture [Line Items] | ||||||
Face value of Convertible Debenture due January 2015 | $ 3,500,000us-gaap_DebtInstrumentFaceAmount | $ 1,765,000us-gaap_DebtInstrumentFaceAmount | $ 1,440,000us-gaap_DebtInstrumentFaceAmount | $ 325,000us-gaap_DebtInstrumentFaceAmount | ||
Fair value of embedded conversion feature | 1,670,704us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability | 164,811us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability | ||||
Discount | (2,085,936)us-gaap_DebtInstrumentUnamortizedDiscount | (1,394,819)us-gaap_DebtInstrumentUnamortizedDiscount | 891,402us-gaap_DebtInstrumentUnamortizedDiscount | |||
Proceeds attributable to the Convertible Debenture due January 2015 | 370,181us-gaap_LongTermDebt | |||||
Convertible Debenture Due January 2015 [Member] | ||||||
CONVERTIBLE DEBENTURES (Details) - Convertible Debenture [Line Items] | ||||||
Face value of Convertible Debenture due January 2015 |
1,240,000us-gaap_DebtInstrumentFaceAmount / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member |
325,000us-gaap_DebtInstrumentFaceAmount / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member |
1,765,000us-gaap_DebtInstrumentFaceAmount / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member |
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Fair value of embedded conversion feature |
1,180,000us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member |
1,671,000us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member |
1,180,000us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member |
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Relative fair value of Convertible Debenture Warrant |
214,819itus_WarrantsNotSettleableInCashRelativeFairValueDisclosure / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member |
17,360itus_WarrantsNotSettleableInCashRelativeFairValueDisclosure / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member |
214,819itus_WarrantsNotSettleableInCashRelativeFairValueDisclosure / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member |
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Discount |
$ 1,394,819us-gaap_DebtInstrumentUnamortizedDiscount / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member |
$ (1,394,819)us-gaap_DebtInstrumentUnamortizedDiscount / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member |
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- Definition
Warrants not Settleled in Cash Relative Fair Value Disclosure. No definition available.
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- Definition
Face (par) amount of debt instrument at time of issuance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of debt discount that was originally recognized at the issuance of the instrument that has yet to be amortized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Fair value as of the balance sheet date of the embedded derivative or group of embedded derivatives classified as a liability. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, including current and noncurrent amounts. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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