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CONVERTIBLE DEBENTURES (Details) - Fair value of the Convertible Debenture Warrant (8% Convertible Debenture Warrant [Member], USD $)
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12 Months Ended |
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Nov. 11, 2013
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8% Convertible Debenture Warrant [Member]
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| Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Line Items] | |
| Stock price on valuation date (in Dollars per share) |
$ 0.20us-gaap_SharePrice / us-gaap_FairValueEstimateNotPracticableDisclosureItemsAxis = itus_A8ConvertibleDebentureWarrantMember |
| Exercise price (in Dollars per share) |
$ 0.378us-gaap_FairValueAssumptionsExercisePrice / us-gaap_FairValueEstimateNotPracticableDisclosureItemsAxis = itus_A8ConvertibleDebentureWarrantMember |
| Discount for lack of marketability |
22.00%itus_DiscountForLackOfMarketability / us-gaap_FairValueEstimateNotPracticableDisclosureItemsAxis = itus_A8ConvertibleDebentureWarrantMember |
| Term (years) | 3 years |
| Expected volatility |
102.80%us-gaap_FairValueAssumptionsExpectedVolatilityRate / us-gaap_FairValueEstimateNotPracticableDisclosureItemsAxis = itus_A8ConvertibleDebentureWarrantMember |
| Weighted average risk-free interest rate |
0.60%us-gaap_FairValueAssumptionsRiskFreeInterestRate / us-gaap_FairValueEstimateNotPracticableDisclosureItemsAxis = itus_A8ConvertibleDebentureWarrantMember |
| Number of warrants (in Shares) |
9,249,472us-gaap_ClassOfWarrantOrRightOutstanding / us-gaap_FairValueEstimateNotPracticableDisclosureItemsAxis = itus_A8ConvertibleDebentureWarrantMember |
| Aggregate fair value (in Dollars) |
$ 740,000us-gaap_WarrantsNotSettleableInCashFairValueDisclosure / us-gaap_FairValueEstimateNotPracticableDisclosureItemsAxis = itus_A8ConvertibleDebentureWarrantMember |
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- Definition
Discount for lack of marketability. No definition available.
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- Details
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- Definition
Number of warrants or rights outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Agreed upon price for the exchange of the underlying asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Period the instrument, asset or liability is expected to be outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Measure of dispersion, in percentage terms (for instance, the standard deviation or variance), for a given stock price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Risk-free interest rate assumption used in valuing an instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Price of a single share of a number of saleable stocks of a company. No definition available.
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- Definition
Fair value portion of warrants not settleable in cash classified as equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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