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CONVERTIBLE DEBENTURES (Details) - Intrinsic Value Computation (USD $)
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12 Months Ended | |||
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Oct. 31, 2014
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Nov. 30, 2016
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Dec. 31, 2015
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Oct. 31, 2013
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| CONVERTIBLE DEBENTURES (Details) - Intrinsic Value Computation [Line Items] | ||||
| Aggregate gross intrinsic value of the $3,500,000 of principal outstanding on September 8, 2014, immediately prior to conversion | $ 1,670,704us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability | $ 164,811us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability | ||
| Less the face value of the convertible debenture | (1,440,000)us-gaap_DebtInstrumentFaceAmount | (3,500,000)us-gaap_DebtInstrumentFaceAmount | (1,765,000)us-gaap_DebtInstrumentFaceAmount | (325,000)us-gaap_DebtInstrumentFaceAmount |
| 8% Convertible Debenture [Member] | ||||
| CONVERTIBLE DEBENTURES (Details) - Intrinsic Value Computation [Line Items] | ||||
| Stock price used for valuation (in Dollars per share) |
$ 0.245us-gaap_SharePrice / us-gaap_DebtInstrumentAxis = itus_A8ConvertibleDebentureMember |
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| 5,285 shares issued per $1,000 of face value | ||||
| Aggregate gross intrinsic value of the $3,500,000 of principal outstanding on September 8, 2014, immediately prior to conversion |
4,532,241us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability / us-gaap_DebtInstrumentAxis = itus_A8ConvertibleDebentureMember |
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| Intrinsic value of the derivative conversion feature |
1,032,241itus_DerivativeConversionFeatureIntrinsicValue / us-gaap_DebtInstrumentAxis = itus_A8ConvertibleDebentureMember |
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| Less the face value of the convertible debenture |
$ (3,500,000)us-gaap_DebtInstrumentFaceAmount / us-gaap_DebtInstrumentAxis = itus_A8ConvertibleDebentureMember |
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- Details
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- Definition
Intrinsic Value of converted derivatives feature. No definition available.
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- Definition
The type of the financial instrument that the original debt is being converted into (for example, new debt, common stock, preferred stock, etc.) in a noncash (or part noncash) transaction. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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
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
Price of a single share of a number of saleable stocks of a company. No definition available.
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- Details
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