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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] | ||||
| Face value of convertible debenture converted | $ 1,440,000us-gaap_DebtInstrumentFaceAmount | $ 325,000us-gaap_DebtInstrumentFaceAmount | $ 3,500,000us-gaap_DebtInstrumentFaceAmount | $ 1,765,000us-gaap_DebtInstrumentFaceAmount |
| Less: debt discount | (658,232)itus_ConvertibleDebtDiscount | (229,964)itus_ConvertibleDebtDiscount | ||
| Less: deferred issuance costs | 19,156us-gaap_DebtIssuanceCosts | 83,760us-gaap_DebtIssuanceCosts | ||
| Plus: fair value of derivative liability | 1,670,704us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability | 164,811us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability | ||
| Net book value of converted debenture, accrued interest, derivative liability and warrant exchanged | 3,818,534itus_NetBookValueOfConvertedDebentureAccruedInterestDerivativeLiabilityAndWarrantExchange | |||
| Securities issued in conversion/exchange: | ||||
| Subtotal of securities issued in conversion/exchange | 6,034,641itus_SecuritiesIssuedInValue | |||
| (Loss) on conversion/exchange | (2,216,107)itus_GainLossOnSharesConversion | |||
| Convertible Debenture [Member] | ||||
| Securities issued in conversion/exchange: | ||||
| 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] | ||||
| Extinguishment of Debt [Line Items] | ||||
| Plus: fair value of derivative liability |
1,570,000us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability / us-gaap_DebtInstrumentAxis = itus_ConvertibleDebentureDueNovember2016Member |
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| Long-term Debt [Member] | ||||
| Extinguishment of Debt [Line Items] | ||||
| 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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- Definition
The amount of convertible debt discount that was originally recognized at the issuance of the instrument. No definition available.
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- Definition
Fair value of convertible Preferred stock. No definition available.
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- Definition
Gain or losses on conversion of securities. No definition available.
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- Definition
Book value of converted debenture, accrued interest and derivative liabilities. No definition available.
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- Details
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- Definition
The value of total securities issued in conversion. No definition available.
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- Definition
Fair value of stock issued. No definition available.
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- Definition
Fair value of warrant issued. 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
Increase for accrued, but unpaid interest on the debt instrument for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of debt issuance costs (for example, but not limited to, legal, accounting, broker, and regulatory fees). No definition available.
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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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- Details
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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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- Details
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- Details
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- Details
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