CONVERTIBLE DEBENTURES (Details) - The loss on extinguishment of debt (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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Nov. 30, 2016
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Dec. 31, 2015
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Extinguishment of Debt [Line Items] |
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Face value of convertible debenture converted |
$ 1,440,000us-gaap_DebtInstrumentFaceAmount
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$ 325,000us-gaap_DebtInstrumentFaceAmount
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$ 3,500,000us-gaap_DebtInstrumentFaceAmount
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$ 1,765,000us-gaap_DebtInstrumentFaceAmount
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Less: debt discount |
(658,232)itus_ConvertibleDebtDiscount
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(229,964)itus_ConvertibleDebtDiscount
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Less: deferred issuance costs |
19,156us-gaap_DebtIssuanceCosts
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83,760us-gaap_DebtIssuanceCosts
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Plus: fair value of derivative liability |
1,670,704us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability
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164,811us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability
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Net book value of converted debenture, accrued interest, derivative liability and warrant exchanged |
3,818,534itus_NetBookValueOfConvertedDebentureAccruedInterestDerivativeLiabilityAndWarrantExchange
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Securities issued in conversion/exchange: |
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Subtotal of securities issued in conversion/exchange |
6,034,641itus_SecuritiesIssuedInValue
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(Loss) on conversion/exchange |
(2,216,107)itus_GainLossOnSharesConversion
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Convertible Debenture [Member] |
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Securities issued in conversion/exchange: |
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Fair value of 2,520,000 shares of common stock issued, net (18,498,943 shares of Conversion Common Stock issued, less 15,978,943 shares exchanged for 3,500 shares of Series A Convertible Preferred Stock) |
617,400itus_StockIssuedFairValue / us-gaap_DebtConversionByUniqueDescriptionAxis = itus_ConvertibleDebentureMember
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Fair value of 3,500 shares of Series A Convertible Preferred Stock (based on a stated value per share of $1,000 and a conversion rate of $0.1892) |
4,532,241itus_FairValueConvertiblePreferredStock / us-gaap_DebtConversionByUniqueDescriptionAxis = itus_ConvertibleDebentureMember
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Fair value of warrant issued September 9, 2014 |
885,000itus_WarrantIssuedFairValue / us-gaap_DebtConversionByUniqueDescriptionAxis = itus_ConvertibleDebentureMember
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Convertible Debenture Due November 2016 [Member] |
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Extinguishment of Debt [Line Items] |
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Plus: fair value of derivative liability |
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1,570,000us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability / us-gaap_DebtInstrumentAxis = itus_ConvertibleDebentureDueNovember2016Member
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Long-term Debt [Member] |
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Extinguishment of Debt [Line Items] |
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Face value of convertible debenture converted |
3,500,000us-gaap_DebtInstrumentFaceAmount / us-gaap_ExtinguishmentOfDebtAxis = us-gaap_LongTermDebtMember
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Less: debt discount |
(1,684,801)itus_ConvertibleDebtDiscount / us-gaap_ExtinguishmentOfDebtAxis = us-gaap_LongTermDebtMember
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Less: deferred issuance costs |
(7,739)us-gaap_DebtIssuanceCosts / us-gaap_ExtinguishmentOfDebtAxis = us-gaap_LongTermDebtMember
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Plus: accrued interest |
173,833us-gaap_DebtInstrumentIncreaseAccruedInterest / us-gaap_ExtinguishmentOfDebtAxis = us-gaap_LongTermDebtMember
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Plus: fair value of derivative liability |
1,032,241us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability / us-gaap_ExtinguishmentOfDebtAxis = us-gaap_LongTermDebtMember
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Plus: fair value of warrant exchanged in connection with the conversion |
$ 805,000us-gaap_WarrantsNotSettleableInCashFairValueDisclosure / us-gaap_ExtinguishmentOfDebtAxis = us-gaap_LongTermDebtMember
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