XML 16 R33.htm IDEA: XBRL DOCUMENT
v2.4.1.9

INVESTMENTS (Details) (USD $) | 1 Months Ended | 12 Months Ended | 0 Months Ended |
--- | --- | --- | --- | ---
Jul. 31, 2014 | Oct. 31, 2014 | Oct. 31, 2013 | Aug. 29, 2014 | Nov. 30, 2007
INVESTMENTS (Details) [Line Items] |  |  |  |  |
Certificates of Deposit, at Carrying Value |  | $ 2,500,000 us-gaap_CertificatesOfDepositAtCarryingValue | $ 0 us-gaap_CertificatesOfDepositAtCarryingValue |  |
Sale of Stock, Number of Shares Issued in Transaction (in Shares) | 16,000,000 us-gaap_SaleOfStockNumberOfSharesIssuedInTransaction | 16,000,000 us-gaap_SaleOfStockNumberOfSharesIssuedInTransaction |  |  |
Additional Paid in Capital |  | 146,232,373 us-gaap_AdditionalPaidInCapital | 134,750,048 us-gaap_AdditionalPaidInCapital |  |
ZQX [Member] |  |  |  |  |
INVESTMENTS (Details) [Line Items] |  |  |  |  |
Equity Method Investment, Ownership Percentage |  | 19.50%us-gaap_EquityMethodInvestmentOwnershipPercentage / us-gaap_RelatedPartyTransactionAxis = itus_ZQXMember |  |  |
Additional Paid in Capital |  |  | 48,000 us-gaap_AdditionalPaidInCapital / us-gaap_RelatedPartyTransactionAxis = itus_ZQXMember |  |
Proceeds from Sale of Equity Method Investments |  |  | 24,000 us-gaap_ProceedsFromSaleOfEquityMethodInvestments / us-gaap_RelatedPartyTransactionAxis = itus_ZQXMember |  |
Investment In Videocon [Member] |  |  |  |  |
INVESTMENTS (Details) [Line Items] |  |  |  |  |
Available-for-sale Securities |  | 12,065,000 us-gaap_AvailableForSaleSecurities / us-gaap_EquitySecuritiesByInvestmentObjectiveAxis = itus_InvestmentInVideoconMember |  |  | 16,200,000 us-gaap_AvailableForSaleSecurities / us-gaap_EquitySecuritiesByInvestmentObjectiveAxis = itus_InvestmentInVideoconMember
Available-for-sale Equity Securities, Amortized Cost Basis |  |  | 5,382,000 us-gaap_AvailableForSaleEquitySecuritiesAmortizedCostBasis / us-gaap_EquitySecuritiesByInvestmentObjectiveAxis = itus_InvestmentInVideoconMember |  |
Available-for-sale Debt Securities, Gross Unrealized Loss |  |  | 1,185,000 us-gaap_AvailableForSaleDebtSecuritiesGrossUnrealizedLoss / us-gaap_EquitySecuritiesByInvestmentObjectiveAxis = itus_InvestmentInVideoconMember |  |
Available-for-sale Securities, Amortized Cost Basis |  |  | 4,197,000 us-gaap_AvailableForSaleSecuritiesAmortizedCost / us-gaap_EquitySecuritiesByInvestmentObjectiveAxis = itus_InvestmentInVideoconMember |  |
Sale of Stock, Number of Shares Issued in Transaction (in Shares) |  |  |  | 20,000,000 us-gaap_SaleOfStockNumberOfSharesIssuedInTransaction / us-gaap_EquitySecuritiesByInvestmentObjectiveAxis = itus_InvestmentInVideoconMember |
Equity Method Investment, Other than Temporary Impairment |  |  |  | 63,000 us-gaap_EquityMethodInvestmentOtherThanTemporaryImpairment / us-gaap_EquitySecuritiesByInvestmentObjectiveAxis = itus_InvestmentInVideoconMember |
Impaired Assets to be Disposed of by Method Other than Sale, Carrying Value of Asset |  |  |  | $ 4,135,000 us-gaap_ImpairedAssetsToBeDisposedOfByMethodOtherThanSaleCarryingValueOfAsset / us-gaap_EquitySecuritiesByInvestmentObjectiveAxis = itus_InvestmentInVideoconMember |

X
- Details
Name: | itus_INVESTMENTSDetailsLineItems
Namespace Prefix: | itus_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital associated with only preferred stock, use the element additional paid in capital, preferred stock. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 31 -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.30(a)(1)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_AdditionalPaidInCapital
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of unrealized loss before deducting unrealized gain on investments in available-for-sale debt securities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27161-111563 + Details
Name: | us-gaap_AvailableForSaleDebtSecuritiesGrossUnrealizedLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition This item represents the cost of equity securities, which are categorized neither as held-to-maturity nor trading, net of adjustments for other-than-temporary impairments recognized in earnings (less any cumulative-effect adjustments recognized, as defined), and fair value hedge accounting adjustments, if any. + References No definition available. + Details
Name: | us-gaap_AvailableForSaleEquitySecuritiesAmortizedCostBasis
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of investment in debt and equity securities categorized neither as held-to-maturity nor trading. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 25 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=28360136&loc=d3e22054-111558 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 5 -Subparagraph (aa) -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27232-111563 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6871852&loc=d3e26610-111562 + Details
Name: | us-gaap_AvailableForSaleSecurities
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition This item represents the cost of debt and equity securities, which are categorized neither as held-to-maturity nor trading, net of adjustments including accretion, amortization, collection of cash, previous other-than-temporary impairments recognized in earnings (less any cumulative-effect adjustments recognized, as defined), and fair value hedge accounting adjustments, if any. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.2) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_AvailableForSaleSecuritiesAmortizedCost
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition A savings certificate entitling the Entity (that is, bearer) to receive interest at an established maturity date, based upon a fixed interest rate. A certificate of deposit may be issued in any denomination. Certificates of deposit are generally issued by commercial banks and, therefore, insured by the FDIC (up to the prescribed limit). Certificates of deposit generally restrict holders from withdrawing funds on demand without the incurrence of penalties. Generally, only certificates of deposit with original maturities of three months or less qualify as cash equivalents. Original maturity means original maturity to the entity holding the investment. As a related 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. + References Reference 1: 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 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 1 -Article 5 Reference 3: 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
Name: | us-gaap_CertificatesOfDepositAtCarryingValue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition This item represents an other than temporary decline in value that has been recognized against an investment accounted for under the equity method of accounting. The excess of the carrying amount over the fair value of the investment represents the amount of the write down which is or was reflected in earnings. The written down value is a new cost basis with the adjusted value of the investment becoming its new carrying value subject to the equity accounting method. Evidence of a loss in value might include, but would not necessarily be limited to, absence of an ability to recover the carrying amount of the investment or inability of the investee to sustain an earnings capacity which would justify the carrying amount of the investment. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 35 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=35687916&loc=d3e32787-111569 + Details
Name: | us-gaap_EquityMethodInvestmentOtherThanTemporaryImpairment
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -Subparagraph (a)(1) -URI http://asc.fasb.org/extlink&oid=6382943&loc=d3e33918-111571 + Details
Name: | us-gaap_EquityMethodInvestmentOwnershipPercentage
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition The carrying amount on the books of the entity of the impaired asset to be disposed of by a method other than sale. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 45 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=8077374&loc=d3e2611-110228 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2921-110230 + Details
Name: | us-gaap_ImpairedAssetsToBeDisposedOfByMethodOtherThanSaleCarryingValueOfAsset
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The cash inflow associated with the sale of equity method investments, which are investments in joint ventures and entities in which the entity has an equity ownership interest normally of 20 to 50 percent and exercises significant influence. + 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 12 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3179-108585 + Details
Name: | us-gaap_ProceedsFromSaleOfEquityMethodInvestments
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The number of shares issued or sold by the subsidiary or equity method investee per stock transaction. + References No definition available. + Details
Name: | us-gaap_SaleOfStockNumberOfSharesIssuedInTransaction
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_EquitySecuritiesByInvestmentObjectiveAxis=itus_InvestmentInVideoconMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_RelatedPartyTransactionAxis=itus_ZQXMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |