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v2.4.1.9

BUSINESS AND FUNDING (Details) (USD $) | 0 Months Ended | 1 Months Ended | 12 Months Ended | 1 Months Ended | 3 Months Ended | 0 Months Ended
--- | --- | --- | --- | --- | --- | ---
Apr. 23, 2013 | Jan. 01, 2013 | Jul. 31, 2014 | Oct. 31, 2014 | Oct. 31, 2013 | Nov. 30, 2013 | Apr. 30, 2014 | Jul. 31, 2013 | Apr. 30, 2013 | Sep. 09, 2014 | Dec. 29, 2014 | Aug. 29, 2014
BUSINESS AND FUNDING (Details) [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from Legal Settlements |  |  |  | $ 2,000,000 us-gaap_ProceedsFromLegalSettlements |  |  |  |  |  |  |  |
Sale of Stock, Number of Shares Issued in Transaction (in Shares) |  |  | 16,000,000 us-gaap_SaleOfStockNumberOfSharesIssuedInTransaction | 16,000,000 us-gaap_SaleOfStockNumberOfSharesIssuedInTransaction |  |  |  |  |  |  |  |
Proceeds from Issuance of Private Placement |  | 1,765,000 us-gaap_ProceedsFromIssuanceOfPrivatePlacement |  |  |  |  |  |  |  |  |  |
Stock Issued During Period, Value, Conversion of Convertible Securities |  |  |  | 2,735,349 us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities | 1,353,364 us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities |  |  |  |  |  |  |
Repayments of Convertible Debt |  |  |  | 200,000 us-gaap_RepaymentsOfConvertibleDebt |  |  |  |  |  |  |  |
Stock Issued During Period, Value, Issued for Services |  |  |  | 84,698 us-gaap_StockIssuedDuringPeriodValueIssuedForServices | 304,685 us-gaap_StockIssuedDuringPeriodValueIssuedForServices |  |  |  |  |  |  |
Stock Purchase Agreement, Stock Issued During Period, Shares (in Shares) | 2,500,000 itus_StockpurchaseAgreementStockIssuedDuringThePeriodShares |  |  |  |  |  |  |  |  |  |  |
Stock Purchase Agreement, Stock Issued During Period, Value | 500,000 itus_StockPurchaseAgreementStockIssuedDuringThePeriodValue |  |  |  |  |  |  |  |  |  |  |
Stock Purchase Agreement, Common Stock Threshold Price (in Dollars per share) | $ 0.15 itus_StockPurchaseAgreementCommonStockThresholdPricePerShare |  |  |  |  |  |  |  |  |  |  |
Sale of Stock, Price Per Share (in Dollars per share) |  |  | $ 0.25 us-gaap_SaleOfStockPricePerShare |  |  |  |  |  |  |  |  |
Proceeds from Issuance of Common Stock |  |  | 3,673,000 us-gaap_ProceedsFromIssuanceOfCommonStock | 3,673,135 us-gaap_ProceedsFromIssuanceOfCommonStock | 1,050,405 us-gaap_ProceedsFromIssuanceOfCommonStock |  |  |  |  |  |  |
Net Cash Provided by (Used in) Operating Activities |  |  |  | (2,379,261)us-gaap_NetCashProvidedByUsedInOperatingActivities | (3,186,798)us-gaap_NetCashProvidedByUsedInOperatingActivities |  |  |  |  |  |  |
Net Cash Provided by (Used in) Investing Activities |  |  |  | (2,506,684)us-gaap_NetCashProvidedByUsedInInvestingActivities | 499,324 us-gaap_NetCashProvidedByUsedInInvestingActivities |  |  |  |  |  |  |
Payments to Acquire Short-term Investments |  |  |  | 5,200,000 us-gaap_PaymentsToAcquireShortTermInvestments | 250,000 us-gaap_PaymentsToAcquireShortTermInvestments |  |  |  |  |  |  |
Proceeds from Sale of Short-term Investments |  |  |  | 2,700,000 us-gaap_ProceedsFromSaleOfShortTermInvestments | 750,000 us-gaap_ProceedsFromSaleOfShortTermInvestments |  |  |  |  |  |  |
Net Cash Provided by (Used in) Financing Activities |  |  |  | 7,349,019 us-gaap_NetCashProvidedByUsedInFinancingActivities | 3,245,953 us-gaap_NetCashProvidedByUsedInFinancingActivities |  |  |  |  |  |  |
Proceeds from Convertible Debt |  |  |  | 3,500,000 us-gaap_ProceedsFromConvertibleDebt | 1,765,000 us-gaap_ProceedsFromConvertibleDebt |  |  |  |  |  |  |
Proceeds from Warrant Exercises |  |  |  | 300,009 us-gaap_ProceedsFromWarrantExercises | 380,800 us-gaap_ProceedsFromWarrantExercises |  |  |  |  |  |  |
Proceeds from Stock Options Exercised |  |  |  | 75,875 us-gaap_ProceedsFromStockOptionsExercised | 25,610 us-gaap_ProceedsFromStockOptionsExercised |  |  |  |  |  |  |
Cash, Period Increase (Decrease) |  |  |  | 4,963,000 us-gaap_CashPeriodIncreaseDecrease |  |  |  |  |  |  |  |
Cash, Cash Equivalents, and Short-term Investments |  |  |  | 5,861,000 us-gaap_CashCashEquivalentsAndShortTermInvestments | 898,000 us-gaap_CashCashEquivalentsAndShortTermInvestments |  |  |  |  |  |  |
Convertible Debenture [Member] |  |  |  |  |  |  |  |  |  |  |  |
BUSINESS AND FUNDING (Details) [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Debt Conversion, Original Debt, Amount |  |  |  |  |  |  |  |  | 750,000 us-gaap_DebtConversionOriginalDebtAmount1 / us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis = itus_ConvertibleDebentureMember |  |  |
Stock Issued During Period, Shares, Conversion of Convertible Securities (in Shares) |  |  |  |  |  |  | 8,267,080 us-gaap_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities / us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis = itus_ConvertibleDebentureMember | 2,166,775 us-gaap_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities / us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis = itus_ConvertibleDebentureMember | 8,152,170 us-gaap_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities / us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis = itus_ConvertibleDebentureMember |  |  |
Proceeds from Issuance of Private Placement |  |  |  |  |  | 3,500,000 us-gaap_ProceedsFromIssuanceOfPrivatePlacement / us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis = itus_ConvertibleDebentureMember |  |  |  |  |  |
Stock Issued During Period, Value, Conversion of Convertible Securities |  |  |  |  |  |  | 1,240,000 us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities / us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis = itus_ConvertibleDebentureMember | 325,000 us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities / us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis = itus_ConvertibleDebentureMember |  |  |  |
Repayments of Convertible Debt |  |  |  |  |  |  | 200,000 us-gaap_RepaymentsOfConvertibleDebt / us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis = itus_ConvertibleDebentureMember |  |  |  |  |
Debt Instrument, Interest Rate, Stated Percentage |  |  |  |  |  | 6.00%us-gaap_DebtInstrumentInterestRateStatedPercentage / us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis = itus_ConvertibleDebentureMember |  |  |  |  |  |
Common Stock [Member] |  |  |  |  |  |  |  |  |  |  |  |
BUSINESS AND FUNDING (Details) [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Stock Issued During Period, Shares, Conversion of Convertible Securities (in Shares) |  |  |  |  |  |  |  |  |  | 18,498,943 us-gaap_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities / us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis = us-gaap_CommonStockMember |  |
Conversion of Stock, Shares Converted (in Shares) |  |  |  |  |  |  |  |  |  | 15,978,943 us-gaap_ConversionOfStockSharesConverted1 / us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis = us-gaap_CommonStockMember |  |
Convertible Preferred Stock [Member] |  |  |  |  |  |  |  |  |  |  |  |
BUSINESS AND FUNDING (Details) [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Stock Issued During Period, Shares, Conversion of Convertible Securities (in Shares) |  |  |  |  |  |  |  |  |  | 3,500 us-gaap_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities / us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis = us-gaap_ConvertiblePreferredStockMember |  |
Aspire Capital Fund LLC [Member] |  |  |  |  |  |  |  |  |  |  |  |
BUSINESS AND FUNDING (Details) [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Stock Issued During Period, Shares, New Issues (in Shares) | 2,880,000 us-gaap_StockIssuedDuringPeriodSharesNewIssues / us-gaap_RelatedPartyTransactionsByRelatedPartyAxis = itus_AspireCapitalFundLLCMember |  |  |  |  |  |  |  |  |  |  |
Stock Issued During Period, Value, New Issues | 592,000 us-gaap_StockIssuedDuringPeriodValueNewIssues / us-gaap_RelatedPartyTransactionsByRelatedPartyAxis = itus_AspireCapitalFundLLCMember |  |  |  |  |  |  |  |  |  |  |
Proceeds from Issuance of Common Stock |  |  |  |  | 1,050,405 us-gaap_ProceedsFromIssuanceOfCommonStock / us-gaap_RelatedPartyTransactionsByRelatedPartyAxis = itus_AspireCapitalFundLLCMember |  |  |  |  |  |  |
Stock Purchase Agreement [Member] | Commitment Fee [Member] |  |  |  |  |  |  |  |  |  |  |  |
BUSINESS AND FUNDING (Details) [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Stock Issued During Period, Value, Issued for Services | 700,000 us-gaap_StockIssuedDuringPeriodValueIssuedForServices / itus_FundingAxis = itus_StockPurchaseAgreementMember / us-gaap_NatureOfExpenseAxis = itus_CommitmentFeeMember |  |  |  |  |  |  |  |  |  |  |
Payments of Stock Issuance Costs | 42,000 us-gaap_PaymentsOfStockIssuanceCosts / itus_FundingAxis = itus_StockPurchaseAgreementMember / us-gaap_NatureOfExpenseAxis = itus_CommitmentFeeMember |  |  |  |  |  |  |  |  |  |  |
Additional Stock Purchase Agreement Stock Issued During the Period Shares (in Shares) | 3,500,000 itus_AdditionalStockpurchaseAgreementStockIssuedDuringThePeriodShares / itus_FundingAxis = itus_StockPurchaseAgreementMember / us-gaap_NatureOfExpenseAxis = itus_CommitmentFeeMember |  |  |  |  |  |  |  |  |  |  |
Stock Purchase Agreement [Member] |  |  |  |  |  |  |  |  |  |  |  |
BUSINESS AND FUNDING (Details) [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Stock Purchase Agreement, Authorized Amount | 10,000,000 itus_StockPurchaseAgreementAuthorizedAmount / itus_FundingAxis = itus_StockPurchaseAgreementMember |  |  |  |  |  |  |  |  |  |  |
Stock Issued During Period, Shares, Issued for Services (in Shares) | 3,500,000 us-gaap_StockIssuedDuringPeriodSharesIssuedForServices / itus_FundingAxis = itus_StockPurchaseAgreementMember |  |  |  |  |  |  |  |  |  |  |
AUO Settlement [Member] |  |  |  |  |  |  |  |  |  |  |  |
BUSINESS AND FUNDING (Details) [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from Legal Settlements |  |  |  | 9,000,000 us-gaap_ProceedsFromLegalSettlements / us-gaap_RelatedPartyTransactionAxis = itus_AUOSettlementMember |  |  |  |  |  |  | 9,000,000 us-gaap_ProceedsFromLegalSettlements / us-gaap_RelatedPartyTransactionAxis = itus_AUOSettlementMember |
Subsidiary Loan [Member] |  |  |  |  |  |  |  |  |  |  |  |
BUSINESS AND FUNDING (Details) [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Debt of Subsidiary, Not Assumed |  |  |  |  |  |  |  |  |  |  |  | 5,000,000 us-gaap_DebtOfSubsidiaryNotAssumed / us-gaap_RelatedPartyTransactionAxis = itus_SubsidiaryLoanMember
Mars Loan [Member] |  |  |  |  |  |  |  |  |  |  |  |
BUSINESS AND FUNDING (Details) [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Debt of Subsidiary, Not Assumed |  |  |  |  |  |  |  |  |  |  |  | $ 5,000,000 us-gaap_DebtOfSubsidiaryNotAssumed / us-gaap_RelatedPartyTransactionAxis = itus_MarsLoanMember
Sale of Stock, Number of Shares Issued in Transaction (in Shares) |  |  |  |  |  |  |  |  |  |  |  | 20,000,000 us-gaap_SaleOfStockNumberOfSharesIssuedInTransaction / us-gaap_RelatedPartyTransactionAxis = itus_MarsLoanMember
Global Depository Receipts [Member] |  |  |  |  |  |  |  |  |  |  |  |
BUSINESS AND FUNDING (Details) [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Stock Issued During Period, Shares, New Issues (in Shares) |  |  |  |  |  |  |  |  |  |  |  | 1,495,845 us-gaap_StockIssuedDuringPeriodSharesNewIssues / us-gaap_RelatedPartyTransactionAxis = itus_GlobalDepositoryReceiptsMember

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- Definition Cash includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the customer may deposit additional funds at any time and effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid Investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Short-term investments, exclusive of cash equivalents, generally consist of marketable securities intended to be sold within one year (or the normal operating cycle if longer) and may include trading securities, available-for-sale securities, or held-to-maturity securities (if maturing within one year), as applicable. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Cash -URI http://asc.fasb.org/extlink&oid=6506951 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Cash Equivalents -URI http://asc.fasb.org/extlink&oid=6507016 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 1 -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.1) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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- Definition Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 24 -URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3521-108585 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3574-108585 + Details
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- Definition Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 24 -URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3521-108585 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3574-108585 + Details
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- Definition Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3602-108585 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 24 -URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3521-108585 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3536-108585 + Details
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- Definition The cash outflow for cost incurred directly with the issuance of an equity security. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Financing Activities -URI http://asc.fasb.org/extlink&oid=6513228 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3291-108585 + Details
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- Definition The cash outflow for securities or other assets acquired, which qualify for treatment as an investing activity and are to be liquidated, if necessary, within the current operating cycle. Includes cash flows from securities classified as trading securities that were acquired for reasons other than sale in the short-term. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Investing Activities -URI http://asc.fasb.org/extlink&oid=6516133 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3213-108585 + Details
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- Definition The cash inflow from the issuance of a long-term debt instrument which can be exchanged for a specified amount of another security, typically the entity's common stock, at the option of the issuer or the holder. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Financing Activities -URI http://asc.fasb.org/extlink&oid=6513228 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 14 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3255-108585 + Details
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