XML 45 R36.htm IDEA: XBRL DOCUMENT
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CONVERTIBLE DEBENTURES (Details) (USD $) | 1 Months Ended | 12 Months Ended | 1 Months Ended | 3 Months Ended | 0 Months Ended | 1 Months Ended |  |  |
--- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Jan. 31, 2013 | Oct. 31, 2014 | Oct. 31, 2013 | Sep. 30, 2012 | Apr. 30, 2013 | Jan. 25, 2013 | Sep. 09, 2014 | Nov. 11, 2013 | Nov. 30, 2013 | Nov. 30, 2016 | Dec. 31, 2015 | Apr. 30, 2014
CONVERTIBLE DEBENTURES (Details) [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from Convertible Debt |  | $ 3,500,000 us-gaap_ProceedsFromConvertibleDebt | $ 1,765,000 us-gaap_ProceedsFromConvertibleDebt |  |  |  |  |  |  |  |  |
Debt Instrument, Convertible, Conversion Price (in Dollars per share) |  |  |  |  |  |  |  |  | $ 0.1892 us-gaap_DebtInstrumentConvertibleConversionPrice1 |  |  |
Debt Instrument, Unamortized Discount |  | 891,402 us-gaap_DebtInstrumentUnamortizedDiscount |  |  |  |  |  |  |  | (2,085,936)us-gaap_DebtInstrumentUnamortizedDiscount | (1,394,819)us-gaap_DebtInstrumentUnamortizedDiscount |
Paid-in-Kind Interest |  | 61,778 us-gaap_PaidInKindInterest | 98,739 us-gaap_PaidInKindInterest |  |  |  |  |  |  |  |  |
Debt Instrument Prepayment Threshold Trading Days Ending Prior To Prepayment Notice | 30 itus_DebtInstrumentPrepaymentThresholdTradingDaysEndingPriorToPrepaymentNotice |  |  |  |  |  |  |  |  |  |  |
Embedded Derivative, Fair Value of Embedded Derivative Liability |  | 1,670,704 us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability | 164,811 us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability |  |  |  |  |  |  |  |  |
Convertible Debt |  |  |  |  |  |  |  |  |  | 1,414,064 us-gaap_ConvertibleDebt |  |
Debt Instrument, Face Amount |  | 1,440,000 us-gaap_DebtInstrumentFaceAmount | 325,000 us-gaap_DebtInstrumentFaceAmount |  |  |  |  |  |  | 3,500,000 us-gaap_DebtInstrumentFaceAmount | 1,765,000 us-gaap_DebtInstrumentFaceAmount |
Legal Fees |  | 3,604,000 us-gaap_LegalFees |  |  |  |  |  |  |  |  |  |
Debt Issuance Cost |  | 19,156 us-gaap_DebtIssuanceCosts | 83,760 us-gaap_DebtIssuanceCosts |  |  |  |  |  |  |  |  |
Derivative Liability, Current |  |  | 540,000 us-gaap_DerivativeLiabilitiesCurrent |  |  |  |  |  |  |  |  |
Derivative, Gain (Loss) on Derivative, Net |  | (592,945)us-gaap_DerivativeGainLossOnDerivativeNet | 475,189 us-gaap_DerivativeGainLossOnDerivativeNet |  |  |  |  |  |  |  |  |
Amortization of Debt Discount (Premium) |  | 634,267 us-gaap_AmortizationOfDebtDiscountPremium | 991,180 us-gaap_AmortizationOfDebtDiscountPremium |  |  |  |  |  |  |  |  |
Gains (Losses) on Extinguishment of Debt |  | (2,699,022)us-gaap_GainsLossesOnExtinguishmentOfDebt | (343,517)us-gaap_GainsLossesOnExtinguishmentOfDebt |  |  |  |  |  |  |  |  |
Gain (Loss) On Shares Conversion |  | (2,216,107)itus_GainLossOnSharesConversion |  |  |  |  |  |  |  |  |  |
Chairman And Chief Executive Officer And One Director [Member] | Convertible Debenture Due September 2016 [Member] |  |  |  |  |  |  |  |  |  |  |  |
CONVERTIBLE DEBENTURES (Details) [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from Convertible Debt |  |  |  | 300,000 us-gaap_ProceedsFromConvertibleDebt / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueSeptember2016Member / us-gaap_RelatedPartyTransactionsByRelatedPartyAxis = itus_ChairmanAndChiefExecutiveOfficerAndOneDirectorMember |  |  |  |  |  |  |  |
President Chief Executive Officer And Director And Other Two Directors [Member] | Convertible Debenture Due January 2015 [Member] |  |  |  |  |  |  |  |  |  |  |  |
CONVERTIBLE DEBENTURES (Details) [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from Convertible Debt | 250,000 us-gaap_ProceedsFromConvertibleDebt / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member / us-gaap_RelatedPartyTransactionsByRelatedPartyAxis = itus_PresidentChiefExecutiveOfficerAndDirectorAndOtherTwoDirectorsMember |  |  |  |  |  |  |  |  |  |  |
Convertible Debenture Without Conversion Features [Member] | Convertible Debenture Due January 2015 [Member] |  |  |  |  |  |  |  |  |  |  |  |
CONVERTIBLE DEBENTURES (Details) [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Convertible Debt, Fair Value Disclosures |  |  |  |  |  | 1,490,000 us-gaap_ConvertibleDebtFairValueDisclosures / us-gaap_DebtConversionByUniqueDescriptionAxis = itus_ConvertibleDebentureWithoutConversionFeaturesMember / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member |  |  |  |  |  |
Debt Instrument, Face Amount |  | 200,000 us-gaap_DebtInstrumentFaceAmount / us-gaap_DebtConversionByUniqueDescriptionAxis = itus_ConvertibleDebentureWithoutConversionFeaturesMember / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member |  |  |  |  |  |  |  |  |  |
Debenture Conversion Feature [Member] | Convertible Debenture Due January 2015 [Member] |  |  |  |  |  |  |  |  |  |  |  |
CONVERTIBLE DEBENTURES (Details) [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Embedded Derivative, Fair Value of Embedded Derivative Liability |  |  |  |  |  | 1,180,000 us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability / us-gaap_DebtConversionByUniqueDescriptionAxis = itus_DebentureConversionFeatureMember / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member |  |  |  |  |  |
Embeded Derivatives Conversion Features [Member] | Convertible Debenture Due November 2016 [Member] |  |  |  |  |  |  |  |  |  |  |  |
CONVERTIBLE DEBENTURES (Details) [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument, Convertible, Conversion Price (in Dollars per share) |  |  |  |  |  |  |  |  | $ 0.1892 us-gaap_DebtInstrumentConvertibleConversionPrice1 / us-gaap_DebtConversionByUniqueDescriptionAxis = itus_EmbededDerivativesConversionFeaturesMember / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueNovember2016Member |  |  |
Convertible Debenture Without Conversion Features [Member] | Convertible Debenture Due November 2016 [Member] |  |  |  |  |  |  |  |  |  |  |  |
CONVERTIBLE DEBENTURES (Details) [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Convertible Debt, Fair Value Disclosures |  |  |  |  |  |  |  |  | 2,710,000 us-gaap_ConvertibleDebtFairValueDisclosures / us-gaap_DebtInstrumentAxis = itus_ConvertibleDebentureWithoutConversionFeaturesMember / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueNovember2016Member |  |  |
Embeded Derivatives Conversion Features [Member] | Convertible Debenture Due November 2016 [Member] |  |  |  |  |  |  |  |  |  |  |  |
CONVERTIBLE DEBENTURES (Details) [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Embedded Derivative, Fair Value of Embedded Derivative Liability |  |  |  |  |  |  |  |  | 1,570,000 us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability / us-gaap_DebtInstrumentAxis = itus_EmbededDerivativesConversionFeaturesMember / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueNovember2016Member |  |  |
Warrants Not Settleable in Cash, Fair Value Disclosure |  |  |  |  |  |  |  |  | 740,000 us-gaap_WarrantsNotSettleableInCashFairValueDisclosure / us-gaap_DebtInstrumentAxis = itus_EmbededDerivativesConversionFeaturesMember / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueNovember2016Member |  |  |
Relative fair value of Convertible Debenture Warrant |  |  |  |  |  |  |  |  | 515,936 itus_WarrantsNotSettleableInCashRelativeFairValueDisclosure / us-gaap_DebtInstrumentAxis = itus_EmbededDerivativesConversionFeaturesMember / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueNovember2016Member |  |  |
Convertible Debenture Due September 2016 [Member] |  |  |  |  |  |  |  |  |  |  |  |
CONVERTIBLE DEBENTURES (Details) [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument, Convertible, Latest Date |  |  |  | Sep. 12, 2016 |  |  |  |  |  |  |  |
Proceeds from Convertible Debt |  |  |  | 750,000 us-gaap_ProceedsFromConvertibleDebt / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueSeptember2016Member |  |  |  |  |  |  |  |
Debt Instrument, Interest Rate, Stated Percentage |  |  |  | 8.00%us-gaap_DebtInstrumentInterestRateStatedPercentage / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueSeptember2016Member |  |  |  |  |  |  |  |
Debt Instrument, Convertible, Conversion Price (in Dollars per share) |  |  |  | $ 0.092 us-gaap_DebtInstrumentConvertibleConversionPrice1 / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueSeptember2016Member |  |  |  |  |  |  |  |
Debt Instrument, Unamortized Discount |  |  |  | 717,000 us-gaap_DebtInstrumentUnamortizedDiscount / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueSeptember2016Member |  |  |  |  |  |  |  |
Debt Instrument Prepayment Notice Period |  |  |  | 30 days |  |  |  |  |  |  |  |
Debt Conversion, Original Debt, Amount |  |  |  |  | 750,000 us-gaap_DebtConversionOriginalDebtAmount1 / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueSeptember2016Member |  |  |  |  |  |  |
Debt Conversion, Converted Instrument, Shares Issued (in Shares) |  |  |  |  | 8,152,170 us-gaap_DebtConversionConvertedInstrumentSharesIssued1 / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueSeptember2016Member |  |  |  |  |  |  |
Debt Conversion Converted Instrument Additional Shares Issued (in Shares) |  |  |  |  | 100,725 itus_DebtConversionConvertedInstrumentAdditionalSharesIssued / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueSeptember2016Member |  |  |  |  |  |  |
Paid-in-Kind Interest |  |  |  |  | 9,300 us-gaap_PaidInKindInterest / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueSeptember2016Member |  |  |  |  |  |  |
Interest Expense, Debt |  |  |  |  | 717,000 us-gaap_InterestExpenseDebt / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueSeptember2016Member |  |  |  |  |  |  |
Convertible Debenture Due January 2015 [Member] |  |  |  |  |  |  |  |  |  |  |  |
CONVERTIBLE DEBENTURES (Details) [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from Convertible Debt | 1,765,000 us-gaap_ProceedsFromConvertibleDebt / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member |  |  |  |  |  |  |  |  |  |  |
Debt Instrument, Interest Rate, Stated Percentage | 8.00%us-gaap_DebtInstrumentInterestRateStatedPercentage / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member |  |  |  |  |  |  |  |  |  |  |
Debt Instrument, Convertible, Conversion Price (in Dollars per share) | 0.15 us-gaap_DebtInstrumentConvertibleConversionPrice1 / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member |  |  |  |  |  |  |  |  |  |  |
Debt Instrument, Unamortized Discount |  |  |  |  |  | (1,394,819)us-gaap_DebtInstrumentUnamortizedDiscount / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member |  |  |  |  | 1,394,819 us-gaap_DebtInstrumentUnamortizedDiscount / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member |
Debt Instrument Prepayment Notice Period | 30 days |  |  |  |  |  |  |  |  |  |  |
Debt Instrument, Convertible, Stock Price Trigger (in Dollars per share) | 0.15 us-gaap_DebtInstrumentConvertibleStockPriceTrigger / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member |  |  |  |  |  |  |  |  |  |  |
Debt Instrument, Convertible, Threshold Trading Days | 10 us-gaap_DebtInstrumentConvertibleThresholdTradingDays / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member |  |  |  |  |  |  |  |  |  |  |
Debt Instrument Prepayment Threshold Trading Days | 20 itus_DebtInstrumentPrepaymentThresholdTradingDays / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member |  |  |  |  |  |  |  |  |  |  |
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in Shares) | 5,882,745 us-gaap_ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member | 276,014 us-gaap_ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member |  |  |  |  |  |  |  |  |  |
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right (in Shares) | 1 us-gaap_ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member |  |  |  |  |  |  |  |  |  |  |
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share) | 0.30 us-gaap_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1 / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member |  |  |  |  |  |  |  |  |  |  |
Convertible Debt, Fair Value Disclosures |  |  |  |  |  | 2,670,000 us-gaap_ConvertibleDebtFairValueDisclosures / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member |  |  |  |  |  |
Embedded Derivative, Fair Value of Embedded Derivative Liability |  |  |  |  |  | 1,180,000 us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member |  |  |  |  | 1,180,000 us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member | 1,671,000 us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member
Warrants Not Settleable in Cash, Fair Value Disclosure |  |  |  |  |  | 370,000 us-gaap_WarrantsNotSettleableInCashFairValueDisclosure / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member |  |  |  |  |  |
Relative fair value of Convertible Debenture Warrant |  | 17,360 itus_WarrantsNotSettleableInCashRelativeFairValueDisclosure / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member |  |  |  | 214,819 itus_WarrantsNotSettleableInCashRelativeFairValueDisclosure / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member |  |  |  |  | 214,819 itus_WarrantsNotSettleableInCashRelativeFairValueDisclosure / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member |
Convertible Debt Instrument Including Embedded Derivative Relative Fair Value |  |  |  |  |  | 1,550,181 itus_ConvertibleDebtInstrumentIncludingEmbeddedDerivativeRelativeFairValue / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member |  |  |  |  |  |
Convertible Debt |  |  |  |  |  | 370,181 us-gaap_ConvertibleDebt / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member |  |  |  |  |  |
Debt Instrument, Face Amount |  | 1,240,000 us-gaap_DebtInstrumentFaceAmount / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member | 325,000 us-gaap_DebtInstrumentFaceAmount / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member |  |  | 1,765,000 us-gaap_DebtInstrumentFaceAmount / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member |  |  |  |  |  |
Derivative Liability and Warrant |  |  |  |  |  | 1,394,819 itus_DerivativeLiabilityAndWarrant / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member |  |  |  |  |  |
Fair Value Inputs, Discount Rate |  |  |  |  |  | 18.60%us-gaap_FairValueInputsDiscountRate / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member |  |  |  |  |  |
Cash Fee Compensation Placement Agent |  | 41,400 itus_CashFeeCompensationPlacementAgent / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member |  |  |  |  |  |  |  |  |  |
Legal Fees |  | 25,000 us-gaap_LegalFees / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member |  |  |  |  |  |  |  |  |  |
Debt Issuance Cost |  | 83,760 us-gaap_DebtIssuanceCosts / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member |  |  |  |  |  |  |  |  |  |
Derivative Liability, Current |  | 0 us-gaap_DerivativeLiabilitiesCurrent / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member | 540,000 us-gaap_DerivativeLiabilitiesCurrent / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member |  |  |  |  |  |  |  |  |
Derivative, Gain (Loss) on Derivative, Net |  | 1,131,000 us-gaap_DerivativeGainLossOnDerivativeNet / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member | 475,000 us-gaap_DerivativeGainLossOnDerivativeNet / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member |  |  |  |  |  |  |  |  |
Amortization of Debt Discount (Premium) |  | 233,000 us-gaap_AmortizationOfDebtDiscountPremium / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member | 273,000 us-gaap_AmortizationOfDebtDiscountPremium / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member |  |  |  |  |  |  |  |  |
Debt Instrument, Increase, Accrued Interest |  | 9,000 us-gaap_DebtInstrumentIncreaseAccruedInterest / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member | 5,878 us-gaap_DebtInstrumentIncreaseAccruedInterest / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member |  |  |  |  |  |  |  |  |
Debt Instrument Convertible Number Of Equity Instruments For Principal (in Shares) |  | 8,267,080 itus_DebtInstrumentConvertibleNumberOfEquityInstrumentsForPrincipal / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member | 2,166,775 itus_DebtInstrumentConvertibleNumberOfEquityInstrumentsForPrincipal / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member |  |  |  |  |  |  |  |  |
Debt Instrument Convertible Number Of Equity Instruments For Interest (in Shares) |  | 29,633 itus_DebtInstrumentConvertibleNumberOfEquityInstrumentsForInterest / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member | 20,125 itus_DebtInstrumentConvertibleNumberOfEquityInstrumentsForInterest / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member |  |  |  |  |  |  |  |  |
Gains (Losses) on Extinguishment of Debt |  | 482,915 us-gaap_GainsLossesOnExtinguishmentOfDebt / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member | 343,517 us-gaap_GainsLossesOnExtinguishmentOfDebt / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueJanuary2015Member |  |  |  |  |  |  |  |  |
Convertible Debenture Due November 2016 [Member] |  |  |  |  |  |  |  |  |  |  |  |
CONVERTIBLE DEBENTURES (Details) [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from Convertible Debt |  |  |  |  |  |  |  |  | 3,500,000 us-gaap_ProceedsFromConvertibleDebt / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueNovember2016Member |  |  |
Debt Instrument, Interest Rate, Stated Percentage |  |  |  |  |  |  |  |  | 6.00%us-gaap_DebtInstrumentInterestRateStatedPercentage / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueNovember2016Member |  |  |
Debt Instrument, Convertible, Conversion Price (in Dollars per share) |  |  |  |  |  |  |  |  | $ 0.3784 us-gaap_DebtInstrumentConvertibleConversionPrice1 / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueNovember2016Member |  |  |
Debt Instrument, Unamortized Discount |  |  |  |  |  |  |  |  | 2,085,936 us-gaap_DebtInstrumentUnamortizedDiscount / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueNovember2016Member |  |  |
Debt Instrument Prepayment Notice Period |  |  |  |  |  |  |  |  | 30 days |  |  |
Debt Conversion, Converted Instrument, Shares Issued (in Shares) |  |  |  |  |  |  | 18,498,943 us-gaap_DebtConversionConvertedInstrumentSharesIssued1 / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueNovember2016Member |  | 9,249,472 us-gaap_DebtConversionConvertedInstrumentSharesIssued1 / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueNovember2016Member |  |  |
Debt Instrument, Convertible, Stock Price Trigger (in Dollars per share) |  |  |  |  |  |  |  |  | $ 0.142 us-gaap_DebtInstrumentConvertibleStockPriceTrigger / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueNovember2016Member |  |  |
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in Shares) |  |  |  |  |  |  | 9,249,472 us-gaap_ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueNovember2016Member |  |  |  |  |
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right (in Shares) |  |  |  |  |  |  |  |  | 1 us-gaap_ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueNovember2016Member |  |  |
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share) |  |  |  |  |  |  | $ 0.31 us-gaap_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1 / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueNovember2016Member |  |  |  |  |
Convertible Debt, Fair Value Disclosures |  |  |  |  |  |  |  |  | 4,280,000 us-gaap_ConvertibleDebtFairValueDisclosures / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueNovember2016Member |  |  |
Embedded Derivative, Fair Value of Embedded Derivative Liability |  |  |  |  |  |  |  |  | 1,570,000 us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueNovember2016Member |  |  |
Relative fair value of Convertible Debenture Warrant |  |  |  |  |  |  |  |  | 515,936 itus_WarrantsNotSettleableInCashRelativeFairValueDisclosure / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueNovember2016Member |  |  |
Convertible Debt Instrument Including Embedded Derivative Relative Fair Value |  |  |  |  |  |  |  |  | 2,984,064 itus_ConvertibleDebtInstrumentIncludingEmbeddedDerivativeRelativeFairValue / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueNovember2016Member |  |  |
Convertible Debt |  |  |  |  |  |  |  |  | 1,414,064 us-gaap_ConvertibleDebt / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueNovember2016Member |  |  |
Debt Instrument, Face Amount |  |  |  |  |  |  | 3,500,000 us-gaap_DebtInstrumentFaceAmount / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueNovember2016Member |  | 3,500,000 us-gaap_DebtInstrumentFaceAmount / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueNovember2016Member |  |  |
Fair Value Inputs, Discount Rate |  |  |  |  |  |  |  | 16.00%us-gaap_FairValueInputsDiscountRate / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueNovember2016Member |  |  |  |
Derivative Liability, Current |  | 1,032,000 us-gaap_DerivativeLiabilitiesCurrent / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueNovember2016Member | 0 us-gaap_DerivativeLiabilitiesCurrent / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueNovember2016Member |  |  |  |  |  |  |  |  |
Derivative, Gain (Loss) on Derivative, Net |  | 538,000 us-gaap_DerivativeGainLossOnDerivativeNet / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueNovember2016Member | 0 us-gaap_DerivativeGainLossOnDerivativeNet / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueNovember2016Member |  |  |  |  |  |  |  |  |
Amortization of Debt Discount (Premium) |  | 401,000 us-gaap_AmortizationOfDebtDiscountPremium / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueNovember2016Member | 0 us-gaap_AmortizationOfDebtDiscountPremium / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueNovember2016Member |  |  |  |  |  |  |  |  |
Debt Instrument, Increase, Accrued Interest |  |  |  |  |  |  | 173,000 us-gaap_DebtInstrumentIncreaseAccruedInterest / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueNovember2016Member |  |  |  |  |
Conversion of Stock, Shares Issued (in Shares) |  |  |  |  |  |  | 3,500 us-gaap_ConversionOfStockSharesIssued1 / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueNovember2016Member |  |  |  |  |
Retirement and Cancellation Of Shares (in Shares) |  |  |  |  |  |  | 15,978,943 itus_RetirementAndCancellationOfShares / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueNovember2016Member |  |  |  |  |
Gain (Loss) On Shares Conversion |  |  |  |  |  |  | $ 2,216,000 itus_GainLossOnSharesConversion / us-gaap_LongtermDebtTypeAxis = itus_ConvertibleDebentureDueNovember2016Member |  |  |  |  |

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- Definition The amount of the original debt being converted 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4332-108586 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4304-108586 + Details
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