2.4.0.8060500 - Disclosure - Deferred Revenues and Deferred Cost of Revenuestruefalsefalse1false falsefalsec20130501to20130731http://www.sec.gov/CIK0000354813duration2013-05-01T00:00:002013-07-31T00:00:001true 1us-gaap_DeferredRevenueDisclosureAbstractus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse0Deferred Revenues and Deferred Cost of Revenues [Abstract]2false 2us-gaap_DeferredRevenueDisclosureTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalseverboseLabel1falsefalsefalse00<div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><div style="text-align: left; text-indent: 0pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; font-weight: bold; margin-right: 0pt;">Deferred Revenues and Deferred Cost of Revenues</div><div style="text-align: left; text-indent: 0pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">&#160;</div><div style="text-align: left; text-indent: 0pt; display: block; font-family: Times New Roman; margin-left: 0pt; font-size: 10pt; margin-right: 0pt;">Deferred revenues of approximately $3.7 million as of July 31, 2013 represent prepayments for products and services related to lottery terminals, use of the OpenElect&#174; and PBC voting systems and other software and technical support services.&#160;Deferred cost of revenues of $191,000 consists of the direct costs associated with lottery terminals, software support and manufacture of voting systems. The Company will recognize the revenues and related cost of revenues upon the fulfillment of the prescribed criteria for revenue recognition.</div></div>falsefalsefalsenonnum:textBlockItemTypenaThe entire disclosure for deferred revenues at the end of the reporting period, and description and amounts of significant changes that occurred during the reporting period. Deferred revenue is a liability as of the balance sheet date related to a revenue producing activity for which revenue has not yet been recognized. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 45 -Paragraph 8 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6361293&loc=d3e6935-107765 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 13 -Section A Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 605 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 13.A.3(b).Q1(c),(b).Q2,(c).Q3) -URI http://asc.fasb.org/extlink&oid=6600647&loc=d3e214044-122780 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Concepts (CON) -Number 5 -Paragraph 83, 84 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. false0Deferred Revenues and Deferred Cost of RevenuesfalseDeferred Revenues and Deferred Cost of RevenuesUnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://ilts.com/role/DeferredRevenuesAndDeferredCostOfRevenues12