10-Q/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q/A-1

[X]	QUARTERLY REPORT UNDER TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MAY 31, 2013
OR
[   ]	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission File Number 000-53346

NET SAVINGS LINK, INC.

(Exact name of registrant as specified in its charter)

Nevada

(State of incorporation)

140 Island Way, Suite 280

Clearwater, FL   33755

(Address of principal executive offices)

(727) 754-6795

(Registrant’s telephone number)

Indicate by check mark whether the issuer (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the last 90 days.   YES [X]     NO [   ]

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (SS 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).   YES [   ]     NO [X]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See the definitions of “large accelerated filer,” “accelerated filer,” “non-accelerated filer,” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large Accelerated Filer	[   ]	Accelerated Filer	[   ]
Non-accelerated Filer	[   ]	Smaller Reporting Company	[X]
(Do not check if smaller reporting company)

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

YES [   ]     NO [X]

APPLICABLE ONLY TO CORPORATE ISSUERS:

As of July 20, 2013, there were 58,935,684 shares of the registrant’s $0.001 par value common stock issued and outstanding.

REASON FOR AMENDMENT

The sole purpose of this Amendment to the Registrant’s Quarterly Report on Form 10-Q for the period ended May 31, 2013 is to furnish the Interactive Data File exhibits pursuant to Rule 405 of Regulation S-T. No other changes have been made to this Form 10-Q and this Amendment has not been updated to reflect events occurring subsequent to the filing of this Form 10-Q.

TABLE OF CONTENTS		Page
PART I.  FINANCIAL INFORMATION
ITEM 1.	FINANCIAL STATEMENTS	3
	Balance Sheets as of May 31, 2013 (Unaudited) and November 30, 2012	3
	Consolidated Statements of Operations for the three months and six months ended May 31, 2013 and 2012 (Unaudited)	4
	Consolidated Statements of Cash Flows for the six months ended May 31, 2013 and 2012 (Unaudited)	5
	Notes to the Unaudited Financial Statements	6
ITEM 2.	MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION.	11
ITEM 3.	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.	13
ITEM 4.	CONTROLS AND PROCEDURES.	13
PART II.  OTHER INFORMATION
ITEM 1A.	RISK FACTORS.	13
ITEM 6.	EXHIBITS.	14
Signatures		15
Exhibit Index		16

Special Note Regarding Forward-Looking Statements

Information included in this Form 10-Q contains forward-looking statements that may involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Net Savings Link, Inc. (the “Company”), to be materially different from future results, performance or achievements expressed or implied by any forward-looking statements. Forward-looking statements, which involve assumptions and describe future plans, strategies and expectations of the Company, are generally identifiable by use of the words “may,” “will,” “should,” “expect,” “anticipate,” “estimate,” “believe,” “intend,” or “project” or the negative of these words or other variations on these words or comparable terminology. These forward-looking statements are based on assumptions that may be incorrect, and there can be no assurance that these projections included in these forward-looking statements will come to pass. Actual results of the Company could differ materially from those expressed or implied by the forward-looking statements as a result of various factors. Except as required by applicable laws, the Company has no obligation to update publicly any forward-looking statements for any reason, even if new information becomes available or other events occur in the future.

*Please note that throughout this Quarterly Report, except as otherwise indicated by the context, references in this report to “Company”, “we”, “us” and “our” are references to Net Savings Link, Inc. 

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PART I - FINANCIAL INFORMATION

ITEM 1.                 FINANCIAL STATEMENTS.

NET SAVINGS LINK, INC.

(A Development Stage Company)

Balance Sheets

(Unaudited)

		May 31, 2013		November 30, 2012
ASSETS
Current assets
Cash	$	9,043	$	18,131
Other current assets		3,452		4,037
Total Current Assets		12,495		22,168
Property and equipment, net of accumulated depreciation of $26,165 and $19,887, respectively		11,507		17,785
Website development, net of accumulated amortization of $29,462 and $21,605, respectively		49,103		56,960
TOTAL ASSETS	$	73,105	$	96,913
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Accounts payable and accrued liabilities	$	62,677	$	48,281
Due to related parties		224,255		128,255
Derivative liabilities		42,278		54,062
Convertible notes payable, net of debt discount of $0and $8,119, respectively		103,500		132,581
Total Current Liabilities		432,710		363,179
STOCKHOLDERS’ EQUITY(DEFICIT)
Series A Preferred Stock, $0.0001 par value, 1000,000,000 shares authorized, 1,500,000 and 1,500,000 shares issued and outstanding, respectively		15		15
Common stock, $0.001 par value, 1,000,000,000 shares authorized, 58,935,684 and 28,555,576 shares issued and outstanding, respectively		58,936		28,556
Additional paid-in capital		3,650,217		3,447,983
Accumulated deficit		(4,068,773)		(3,742,820)
Total Stockholders’ Equity (deficit)		(359,605)		(266,266)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)	$	73,105	$	96,913

The accompanying notes are an integral part of these unaudited financial statements.

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NET SAVINGS LINK, INC.

(A Development Stage Company)

Statements of Operations

(Unaudited)

		Three Months Ended May 31				Six Months Ended May 31,
		2013		2012		2013		2012
REVENUES	$	11,126	$	40,703	$	17,192	$	57,722
OPERATING EXPENSES
Depreciation and amortization expense		7,067		7,067		14,135		14,135
General and administrative		118,433		380,819		187,186		615,306
Total Operating Expenses		125,500		387,886		201,321		629,441
OPERATING LOSS		(114,374)		(347,183)		(184,129)		(571,719)
OTHER INCOME (EXPENSE)
Loss on derivative		(26,588)		-		(75,146)		-
Interest expense		(8,119)		(45,999)		(66,678)		(47,286)
Total Other Income (Expense)		(34,807)		(45,999)		(141,824)		(47,286)
NET LOSS	$	(149,181)	$	(393,182)	$	(325,953)	$	(619,005)
BASIC NET LOSS PER COMMON SHARE	$	(0.00)	$	(0.03)	$	(0.01)	$	(0.05)
BASIC WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING		55,884,567		13,662,489		47,220,019		13,524,820

The accompanying notes are an integral part of these unaudited financial statements.

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NET SAVINGS LINK, INC.

(A Development Stage Company)

Statements of Cash Flows

(Unaudited)

		For the Six Months Ended May 31,
		2013		2012
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$	(325,953)	$	(619,005)
Items to reconcile net loss to net cash used in operating activities:
Depreciation and amortization		14,135		14,136
Debt discount amortization		58,119		44,248
Debt offering cost amortization		2,204		2,883
Loss on derivative		75 ,146		-
Common stock issued for services		-		284,571
Changes in operating assets and liabilities
Increase in accounts receivable		(61)		(25,000)
Decrease (increase) in prepaid and other assets		941		(1,442)
Increase in accounts payable and accrued liabilities		19,481		6,183
Increase in related party accounts payable		96,000		17,109
Net Cash Used in Operating Activities		(59,988)		(276,317)
CASH FLOWS FROM INVESTING ACTIVITIES		-		-
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from convertible note payable		53,400		197,500
Cash paid for debt offering costs		(2,500)		(7,500)
Net Cash Provided by Financing Activities		50,900		190,000
INCREASE (DECREASE) IN CASH		(9,088)		(86,317)
CASH AT BEGINNING OF PERIOD		18,131		174,923
CASH AT END OF PERIOD	$	9,043	$	88,606
CASH PAID FOR:
Interest	$	-	$	-
Income taxes	$	-	$	-
NON-CASH FINANCING ACTIVITIES:
Discount on convertible notes due to legal fees	$	-	$	50,000
Common stock issued for convertible notes and accrued interest	$	95,683	$	-
Discount on convertible notes payable from derivative instrument	$	50,000	$	-
Reclass of derivative to additional paid-in capital from debt conversion	$	136,930	$	-
Debt discount for warrants	$	-	$	19,405

The accompanying notes are an integral part of these unaudited financial statements.

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NET SAVINGS LINK, INC.

Notes to the Unaudited Financial Statements

1.   Nature of Operations and Continuance of Business

The unaudited interim financial statements included herein have been prepared by Net Savings Link, Inc. (“NSL” or the “Company”) in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission. We suggest that these interim financial statements be read in conjunction with the audited financial statements and notes thereto included in our Form 10-K for the year ended November 30, 2012, as filed with the SEC. We believe that all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein and that the disclosures made are adequate to make the information not misleading.  The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year.  Notes to the financial statements which would substantially duplicate the disclosure contained in the audited financial statements for the most recent fiscal year as reported in Form 10-K have been omitted.

2.    Going Concern

NSL’s financial statements are prepared using Generally Accepted Accounting Principles applicable to a going concern that contemplates the realization of assets and liquidation of liabilities in the normal course of business.  However, NSL has generated minimal revenue and accumulated significant losses since inception. As of May 31, 2013, company has accumulated deficit of $4,068,773 and a working capital deficit of $420,215. All of these items raise substantial doubt about its ability to continue as a going concern.  Management’s plans with respect to alleviating the adverse financial conditions that caused management to express substantial doubt about the NSL’s ability to continue as a going concern are as follows:

In order to fund the start-up of operations during the year ended November 30, 2012, NSL entered into several financing transactions and NSL plans to continue to try to raise funds in fiscal 2013. The continuation of NSL as a going concern is dependent upon its ability to generating profitable operations that produce positive cash flows.  If NSL is not successful, it may be forced to raise additional debt or equity financing.

There can be no assurance that NSL will be able to achieve its business plans, raise any more required capital or secure the financing necessary to achieve its current operating plan.  The ability of NSL to continue as a going concern is dependent upon its ability to successfully accomplish the plan described in the preceding paragraph and eventually attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

3.    Related Party Transactions

As of May 31, 2013 and November 30, 2012, the Company owed $98,828 and $50,828, respectively, to the President and CEO of the Company for back due wages.

As of May 31, 2013 and November 30, 2012, the Company owed $125,427 and $77,427, respectively, to the Vice President and director of the Company for back due wages.

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NET SAVINGS LINK, INC.

Notes to the Unaudited Financial Statements

4.    Convertible Promissory Notes Payable

On March 8, 2013, the Company received funding from an Unsecured Convertible Promissory Note in the amount of $42,500.  The Convertible Promissory Note is unsecured, due November 4, 2013, accrued interest at 8% per annum and is convertible, at the option of the holder, into shares of the Company’s common stock after 180 days from issuance at forty one percent (41%) of the fair market value of one share of the Company’s common stock based on the average of the three lowest bid prices of the Company’s common stock during the ten trading days prior to the conversion date.

On April 8, 2013, the Company received funding from a Unsecured Convertible Promissory Note in the amount of $10,900.  The Convertible Promissory Note is unsecured, due January 10, 2014 accrued interest at 8% per annum and is convertible, at the option of the holder, into shares of the Company’s common stock after 180 days from issuance at thirty five percent (35%) of the fair market value of one share of the Company’s common stock based on the average of the two lowest bid prices of the Company’s common stock during the ninety trading days prior to the conversion date.

Due to their being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options embedded in the Convertible Promissory Notes, the conversion options, once available, will be deemed and classified as derivative liabilities and recorded at fair value.

During the six months ended May 31, 2013, holders of three Convertible Promissory Notes elected to convert a total of $90,600 in principal and $5,083 in interest into 30,380,108 shares of the Company’s common stock at an average conversion price of $0.003 per share.

5.    Derivative Liabilities

NSL analyzed the conversion options embedded in the Convertible Promissory Notes for derivative accounting consideration under ASC 815, Derivatives and Hedging, and determined that the instruments embedded in the above referenced convertible promissory notes should be classified as liabilities and recorded at fair value due to their being no explicit limit to the number of shares to be delivered upon settlement of the conversion options. Additionally, the above referenced convertible promissory notes contain dilutive issuance clauses.  Under these clauses, based on future issuances of NSL’s common stock or other convertible instruments, the conversion price of the above referenced convertible promissory notes can be adjusted downward. Because the number of shares to be issued upon settlement of the above referenced convertible promissory notes cannot be determined under this instrument, NSL cannot determine whether it will have sufficient authorized shares at a given date to settle any other future share instruments. 

During the six months ended May 31, 2013, a Convertible Promissory Note became convertible into shares of the Company’s common stock. The fair value of the conversion option was determined to be $64,739 using a Black-Scholes option-pricing model.  Upon the date the Convertible Promissory Notes became convertible, $50,000 was recorded as debt discount, $64,739 was recorded as day one derivative liability and $14,739 was recorded as day one loss on derivative liability.  

During the six months ended May 31, 2013, $90,600 in principal and $5,083 in accrued interest amounts of Convertible Promissory Notes were converted into common stock (see Notes 4 and 6), $136,930 in related derivative liability was extinguished through a charge to paid-in capital and $75,146 was recorded as a net loss on mark-to-market of the conversion options and warrants.

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NET SAVINGS LINK, INC.

Notes to the Unaudited Financial Statements

5.    Derivative Liabilities - continued

The following table summarizes the derivative liabilities included in the balance sheet at May 31, 2013:

Derivative liabilities November 30, 2012	$	54,062
Addition of new derivative		64,739
Reclassification of derivative liability to additional paid-in capital due to promissory note conversions		(136,930)
Losses on change in fair value		60,407
Balance at May 31, 2013	$	42,278

The following table summarizes the loss on derivative liabilities included in the income statement for the three months ended May 31, 2013:

Excess of fair value of conversion option derivative liabilities over the related notes payable	$	83,716
Day-one loss on addition of new derivative		14,739
Gains on change in fair value		(23,309)
Loss on derivative liabilities	$	75,146

NSL valued its derivatives liabilities using the Black-Scholes option-pricing model.  Assumptions used during the three months ended May 31, 2013 include (1) risk-free interest rates between 0.11% to 1.06%, (2) lives of between 0 and 6 years, (3) expected volatility of between 74% to 837%, (4) zero expected dividends, (5) conversion prices as set forth in the related instruments, and (6) the common stock price of the underlying share on the valuation dates.

6.    Common Stock

Common Stock Reverse Split

Effective March 15, 2013, the Company executed at 15-for-1 reverse split of its common stock.  The effect of the reverse split has been shown retrospectively for all references to issuances of common stock in the financial statements and these footnotes.

Common Stock Issuances

On December 12, 2012, the Company issued 2,648,430 shares of common stock for $3,585 of debt and $2,970 of accrued interest, or $0.0025 per share.

On January 7, 2013, the Company issued 712,644 shares of common stock for $3,100 of debt, or $0.0043 per share.

On January 10, 2013, the Company issued 1,540,231 shares of common stock for $5,200 of debt and $1,500 of accrued interest, or $0.0043 per share.

On January 13, 2013, the Company issued 2,820,075 shares of common stock for $11,315 of debt and $318 of accrued interest, or $0.0043 per share.

On January 15, 2013, the Company issued 1,586,207 shares of common stock for $6,900 of debt, or $0.0041 per share.

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NET SAVINGS LINK, INC.

Notes to the Unaudited Financial Statements

6.    Common Stock - continued

On January 16, 2013, the Company issued 3,590,249 shares of common stock for $16,225 of debt and $66 of accrued interest, or $0.0043 per share.

On January 29, 2013, the Company issued 3,592,881 shares of common stock for $11,725 of debt and $132 of accrued interest, or $0.0033 per share.

On January 30, 2013, the Company issued 1,565,218 shares of common stock for $5,400 of debt, or $0.0034 per share.

On February 13, 2013, the Company issued 2,928,740 shares of common stock for $7,150 of debt and $98 of accrued interest, or $0.0025 per share.

On February 20, 2013, the Company issued 1,568,628 shares of common stock for $4,000 of debt, or $0.0025 per share.

On March 20, 2013, the Company issued 2,549,027 shares of common stock for $6,500 of debt, or $0.0026 per share.

On April 2, 2013, the Company issued 2,500,000 shares of common stock for $4,500 of debt, or $0.0018 per share.

On April 22, 2013, the Company issued 2,777,778 shares of common stock for $5,000 of debt, or $0.0018 per share.

7.    Financial Instruments

ASC 820, Fair Value Measurements (ASC 820) and ASC 825, Financial Instruments (ASC 825), requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. It establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. It prioritizes the inputs into three levels that may be used to measure fair value:

Level 1 - Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.

Level 2 - Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.

Level 3 - Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.

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NET SAVINGS LINK, INC.

Notes to the Unaudited Financial Statements

7.    Financial Instruments - continued

NSL’s financial instruments consist principally of cash, accounts payable, and accrued liabilities. Pursuant to ASC 820 and 825, the fair value of cash is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. The recorded values of all other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations.

The following table sets forth by level with the fair value hierarchy the Company’s financial assets and liabilities measured at fair value on May 31, 2013:

		Level 1		Level 2		Level 3		Total
Assets
None	$	-	$	-	$	-	$	-
Liabilities
Derivative financial instruments	$	-	$	-	$	42,278	$	42,278

The following table sets forth by level with the fair value hierarchy the Company’s financial assets and liabilities measured at fair value on November 30, 2012:

		Level 1		Level 2		Level 3		Total
Assets
None	$	-	$	-	$	-	$	-
Liabilities
Derivative financial instruments	$	-	$	-	$	54,062	$	54,062

8.    Subsequent Events

On June 13, 2013, the Company issued 1,454,545 shares of common stock for $100 of debt, or $0.0011 per share.

On June 13, 2013, the Company issued 1,454,545 shares of common stock for $1,600 of debt, or $0.0011 per share.

On June 21, 2013, the Company issued 2,933,333 shares of common stock for the conversion of debt.

On July 8, 2013, the Company issued 3,000,000 shares of common stock for $3,600 of debt, or $0.0012 per share.

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ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

FORWARD-LOOKING STATEMENTS

This Management’s Discussion and Analysis of Financial Condition and Results of Operations (MD&A) contains forward-looking statements that involve known and unknown risks, significant uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed, or implied, by those forward-looking statements.  You can identify forward-looking statements by the use of the words may, will, should, could, expects, plans, anticipates, believes, estimates, predicts, intends, potential, proposed, or continue or the negative of those terms.  These statements are only predictions. In evaluating these statements, you should consider various factors which may cause our actual results to differ materially from any forward-looking statements.  Although we believe that the exceptions reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements.  Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements.  We undertake no obligation to revise or update publicly any forward-looking statements for any reason.

RESULTS OF OPERATIONS

Working Capital

		May 31,		November 30,
		2013		2012
Current Assets	$	12,495	$	22,168
Current Liabilities		432,710		363,179
Working Capital (Deficit)	$	(420,215)	$	(341,011)

Cash Flows

		Six months ended		Six months ended
		May 31, 2013		May 31, 2012
Cash Flows Used in Operating Activities	$	(59,988)	$	(276,317)
Cash Flows Used in Investing Activities		-		-
Cash Flows Provided by Financing Activities		50,900		190,000
Net Increase (Decrease) in Cash During Period	$	(9,088)	$	(86,317)

Balance Sheet

As at May 31, 2013, the Company had total assets of $73,105 compared with total assets of $96,913 as at November 30, 2012.  The assets are mainly comprised of cash balances in the Company’s bank account and website development costs.

The Company had total liabilities of $432,710 at May 31, 2013 compared with $363,179 as at November 30, 2012.  The decrease in total liabilities is mainly attributed to the conversion of $90,600 in convertible promissory notes, partially offset by a $96,000 increase in accrued wages.

Operating Revenues

During the six months ended May 31, 2013, the Company received $17,192 in revenue, compared to $57,722 of revenue in the same period ended May 31, 2012.

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Operating Expenses

During the six months ended May 31, 2013, the Company incurred operating expenses totaling $201,321 compared with $629,441 for the six months ended May 31, 2012.  The decrease in operating expenses is mainly attributed to a decrease in expense from the issuance of common stock for services of $66,000, a reduction of website related maintenance expense of approximately $42,105, a reduction in advertising and promotional expense of approximately $260,158, and a reduction in professional fees of approximately $72,476 as well as a reduction in overall operating activity as the Company seeks to minimize expenditures.

Net Loss

During the six months ended May 31, 2013, the Company realized net loss of $325,952 compared with a net loss of $619,005 for the six months ended February 29, 2012.  The decrease in net loss was primarily due to a decrease in operational costs as discussed above; partially offset by increases of approximately $75,146 in losses on derivative and $28,851 in interest expense for the six months ended May 31, 2013 compared to the six months ended February 29, 2012.

Liquidity and Capital Resources

As at May 31, 2013, the Company had a cash balance of $9,043 and a working capital deficit of $420,215 compared with a cash balance of $18,131 and working capital deficit of $341,011 at November 30, 2012.  The increase in working capital is mainly due to a decrease in total liabilities as a result of the conversion of $90,600 in convertible promissory notes during the six months ended May 31, 2013, partially offset by an approximately $9,088 decrease in cash and $96,000 increase in accrued wages during the six months ended May 31, 2013.  

Cash Flows from Operating Activities

During the six months ended May 31, 2013, the Company used $59,988 of cash flow from operating activities compared with use of $276,317 of cash flow during the six months ended May 31, 2012.  The decrease in the use of cash flow for operating activities is mainly due to a reduction of net loss of approximately $293,053, partially offset by a reduction of the increase in liabilities of approximately $117,812, and as a result of decreases in spending on promotion and website maintenance and operating expenses during the three months ended May 31, 2013, compared to the six months ended May 31, 2012.

Cash Flows from Investing Activity

The Company did not have any investing activities during the six month periods ending May 31, 2013 and 2012.

Cash Flows from Financing Activities

During the six months ended May 31, 2013, the Company received proceeds of $53,400, during the six months ended May 31, 2012, the Company received proceeds of $197,500 from the issuance of convertible promissory notes payable, which were unsecured, convertible into the common stock of the Company, due interest at 8% per annum and have maturity dates approximately nine months from the dates of issuance.

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Going Concern

We have not attained profitable operations and are dependent upon obtaining financing to pursue any extensive acquisitions and activities. For these reasons, our auditors stated in their report on our audited financial statements that they have substantial doubt that we will be able to continue as a going concern without further financing. 

Off-Balance Sheet Arrangements

We have no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to stockholders.

Future Financings

We will continue to rely on equity sales of our common shares in order to continue to fund our business operations. Issuances of additional shares will result in dilution to existing stockholders. There is no assurance that we will achieve any additional sales of the equity securities or arrange for debt or other financing to fund planned acquisitions and exploration activities.

ITEM 3.                 QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

ITEM 4.                 CONTROLS AND PROCEDURES.

Under the supervision and with the participation of our management, including the Principal Executive Officer and Principal Financial Officer, we have evaluated the effectiveness of our disclosure controls and procedures as required by Exchange Act Rule 13a-15(b) as of the end of the period covered by this report. Based on that evaluation, the Principal Executive Officer and Principal Financial Officer have concluded that these disclosure controls and procedures are not effective because procedures were not in place to provide for timely, complete, accurate reporting of events.  The foregoing was a result of our president’s lack of experience with his reporting and disclosure obligations, lack of proper segregation of duties due to limited personnel, and a lack of formal review process that includes multiple levels of review, resulting in audit adjustments related to the derivative liability account, accounting of the Company’s convertible debt instruments and conversions and bad debt.  Our president is committed to educating himself through the seminars and consulting with attorneys to become fully knowledgeable with his obligations. In addition, currently there are no written policies or procedures that clearly define the roles in the disclosure and reporting process.  

There were no changes in our internal control over financial reporting during the quarter ended May 31, 2013 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

PART II - OTHER INFORMATION

ITEM 1A.              RISK FACTORS.

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

-13-

ITEM 6.                 EXHIBITS.

		Incorporated by reference
Exhibit	Document Description	Form	Date	Number	Filed herewith
3.1	Articles of Incorporation.	S-1	6/09/08	3.1
3.2	Bylaws.	S-1	6/09/08	3.2
3.3	Amended Articles of Incorporation.	8-K	8/06/12	3.1
4.1	Specimen Stock Certificate.	S-1	6/09/08	4.1
10.1	Employment Agreement with David Saltrelli.	8-K	3/10/10	10.1
10.2	Employment Agreement with Peter Schuster.	8-K	3/10/10	10.2
14.1	Code of Ethics.	S-1	6/09/08	14.1
31.1	Certification of Principal Executive Officer and Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.				X
32.1	Certification of Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.				X
99.1	Certificate of Designation.	8-K	8/06/12	99.1
101.INS	XBRL Instance Document.				X
101.SCH	XBRL Taxonomy Extension – Schema.				X
101.CAL	XBRL Taxonomy Extension – Calculations.				X
101.DEF	XBRL Taxonomy Extension – Definitions.				X
101.LAB	XBRL Taxonomy Extension – Labels.				X
101.PRE	XBRL Taxonomy Extension – Presentation.				X

-14-

SIGNATURES

Pursuant to the requirements of the Securities Act of 1934, the registrant has duly caused this amended report to be signed on its behalf by the undersigned thereunto duly authorized on this 2nd day of January, 2014.

NET SAVINGS LINK INC.
(the “Registrant”)
BY:	DAVID SALTRELLI
	David Saltrelli
	President, Principal Executive Officer, Principal Accounting Officer and a member of the Board of Directors

-15-

EXHIBIT INDEX

		Incorporated by reference
Exhibit	Document Description	Form	Date	Number	Filed herewith
3.1	Articles of Incorporation.	S-1	6/09/08	3.1
3.2	Bylaws.	S-1	6/09/08	3.2
3.3	Amended Articles of Incorporation.	8-K	8/06/12	3.1
4.1	Specimen Stock Certificate.	S-1	6/09/08	4.1
10.1	Employment Agreement with David Saltrelli.	8-K	3/10/10	10.1
10.2	Employment Agreement with Peter Schuster.	8-K	3/10/10	10.2
14.1	Code of Ethics.	S-1	6/09/08	14.1
31.1	Certification of Principal Executive Officer and Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.				X
32.1	Certification of Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.				X
99.1	Certificate of Designation.	8-K	8/06/12	99.1
101.INS	XBRL Instance Document.				X
101.SCH	XBRL Taxonomy Extension – Schema.				X
101.CAL	XBRL Taxonomy Extension – Calculations.				X
101.DEF	XBRL Taxonomy Extension – Definitions.				X
101.LAB	XBRL Taxonomy Extension – Labels.				X
101.PRE	XBRL Taxonomy Extension – Presentation.				X

-16-

EX-31.1

Exhibit 31.1

SARBANES-OXLEY SECTION 302(a) CERTIFICATION

I, David Saltrelli, certify that:

1.	I have reviewed this Form 10-Q/A-1 for the period ended May 31, 2013 of Net Savings Link, Inc.;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
	a.	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	b.	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	c.	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and,
	d.	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
5.	I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
	a.	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
	b.	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:	January 2, 2013	DAVID SALTRELLI
		David Saltrelli
		Principal Executive Officer and Principal Financial Officer

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. Section 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Amended Quarterly Report of Net Savings Link, Inc. (the “Company”) on Form 10-Q/A-1 for the period ended May 31, 2013 as filed with the Securities and Exchange Commission on the date hereof (the “report”), I, David Saltrelli, Chief Executive Officer and Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)	The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2)	The information contained in this Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Dated this 2nd day of January, 2014.

DAVID SALTRELLI

David Saltrelli

Chief Executive Officer and Chief Financial Officer

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3. Related Party Transactions (Details) (USD $)	May 31, 2013	Nov. 30, 2012
Related Party Transactions [Abstract]
Due to President and CEO, Current	$ 98,828	$ 50,828
Due to Vice President, Current	$ 125,427	$ 77,427

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Statements of Operations (Unaudited) (USD $)	3 Months Ended		6 Months Ended
	May 31, 2013	May 31, 2012	May 31, 2013	May 31, 2012
REVENUES	$ 11,126	$ 40,703	$ 17,192	$ 57,722
OPERATING EXPENSES
Depreciation and amortization expense	7,067	7,067	14,135	14,135
General and administrative	118,433	380,819	187,186	615,306
Total Operating Expenses	125,500	387,886	201,321	629,441
OPERATING LOSS	(114,374)	(347,183)	(184,129)	(571,719)
OTHER INCOME (EXPENSE)
Loss on derivative	(26,588)		(75,146)
Interest expense	(8,119)	(45,999)	(66,678)	(47,286)
Total Other Income (Expense)	(34,807)	(45,999)	(141,824)	(47,286)
NET LOSS	$ (149,181)	$ (393,182)	$ (325,953)	$ (619,005)
BASIC NET LOSS PER COMMON SHARE (in Dollars per share)	$ 0.00	$ (0.03)	$ (0.01)	$ (0.05)
BASIC WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING (in Shares)	55,884,567	13,662,489	47,220,019	13,524,820

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5. Derivative Liabilities

3 Months Ended

May 31, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments and Hedging Activities Disclosure [Text Block]

5.    Derivative Liabilities

NSL analyzed the conversion options embedded in the Convertible Promissory Notes for derivative accounting consideration under ASC 815, Derivatives and Hedging, and determined that the instruments embedded in the above referenced convertible promissory notes should be classified as liabilities and recorded at fair value due to their being no explicit limit to the number of shares to be delivered upon settlement of the conversion options. Additionally, the above referenced convertible promissory notes contain dilutive issuance clauses.  Under these clauses, based on future issuances of NSL’s common stock or other convertible instruments, the conversion price of the above referenced convertible promissory notes can be adjusted downward. Because the number of shares to be issued upon settlement of the above referenced convertible promissory notes cannot be determined under this instrument, NSL cannot determine whether it will have sufficient authorized shares at a given date to settle any other future share instruments. 

During the six months ended May 31, 2013, a Convertible Promissory Note became convertible into shares of the Company’s common stock. The fair value of the conversion option was determined to be $64,739 using a Black-Scholes option-pricing model.  Upon the date the Convertible Promissory Notes became convertible, $50,000 was recorded as debt discount, $64,739 was recorded as day one derivative liability and $14,739 was recorded as day one loss on derivative liability.  

During the six months ended May 31, 2013, $90,600 in principal and $5,083 in accrued interest amounts of Convertible Promissory Notes were converted into common stock (see Notes 4 and 6), $136,930 in related derivative liability was extinguished through a charge to paid-in capital and $75,146 was recorded as a net loss on mark-to-market of the conversion options and warrants.

The following table summarizes the derivative liabilities included in the balance sheet at May 31, 2013:

Derivative liabilities November 30, 2012	$	54,062
Addition of new derivative		64,739
Reclassification of derivative liability to additional paid-in capital due to promissory note conversions		(136,930)
Losses on change in fair value		60,407
Balance at May 31, 2013	$	42,278

The following table summarizes the loss on derivative liabilities included in the income statement for the three months ended May 31, 2013:

Excess of fair value of conversion option derivative liabilities over the related notes payable	$	83,716
Day-one loss on addition of new derivative		14,739
Gains on change in fair value		(23,309)
Loss on derivative liabilities	$	75,146

NSL valued its derivatives liabilities using the Black-Scholes option-pricing model.  Assumptions used during the three months ended May 31, 2013 include (1) risk-free interest rates between 0.11% to 1.06%, (2) lives of between 0 and 6 years, (3) expected volatility of between 74% to 837%, (4) zero expected dividends, (5) conversion prices as set forth in the related instruments, and (6) the common stock price of the underlying share on the valuation dates.

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7. Financial Instruments (Details) - Fair Value Hierarchy at November 30, 2012 (USD $)	May 31, 2013	Nov. 30, 2012
Fair Value Hierarchy at November 30, 2012 [Abstract]
Derivative financial instruments	$ 42,278	$ 54,062

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4. Convertible Promissory Notes Payable (Details) (USD $)	0 Months Ended				6 Months Ended
	Apr. 09, 2013	Apr. 10, 2013	Mar. 09, 2013	Mar. 10, 2013	May 31, 2013	Jul. 08, 2013	Jun. 13, 2013	Jun. 12, 2013	May 30, 2013	Apr. 22, 2013	Apr. 02, 2013	Mar. 20, 2013	Feb. 20, 2013	Feb. 13, 2013	Jan. 30, 2013	Jan. 29, 2013	Jan. 16, 2013	Jan. 15, 2013	Jan. 13, 2013	Jan. 10, 2013	Jan. 07, 2013	Dec. 12, 2012	Nov. 30, 2012
Debt Instrument, Convertible, Associated Derivative Transactions, Description [Abstract]
Convertible Notes Payable, Current (in Dollars)		$ 90,600	$ 42,500		$ 90,600				$ 64,739
Debt Instrument, Convertible, Effective Interest Rate	8.00%		8.00%
Debt Instrument, Convertible, Terms of Conversion Feature	180	35%	180	41%
Convertible Notes Payable (in Dollars)	10,900				103,500																		132,581
Interest Payable (in Dollars)		$ 5,083
Debt Conversion, Converted Instrument, Shares Issued (in Shares)					30,380,108
Sale of Stock, Price Per Share (in Dollars per share)					$ 0.003	$ 0.0012	$ 0.0011	$ 0.0011		$ 0.0018	$ 0.0018	$ 0.0026	$ 0.0025	$ 0.0025	$ 0.0034	$ 0.0033	$ 0.0043	$ 0.0041	$ 0.0043	$ 0.0043	$ 0.0043	$ 0.0025

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8. Subsequent Events (Details) (USD $)	0 Months Ended		1 Months Ended		0 Months Ended	1 Months Ended		2 Months Ended	1 Months Ended				2 Months Ended	3 Months Ended		2 Months Ended		3 Months Ended
	Jun. 12, 2013	Jun. 13, 2013	Jun. 21, 2013	Mar. 20, 2013	Dec. 12, 2012	Jul. 08, 2013	Apr. 02, 2013	Apr. 22, 2013	Jan. 07, 2013	Jan. 10, 2013	Jan. 13, 2013	Jan. 15, 2013	Jan. 16, 2013	Feb. 20, 2013	Feb. 13, 2013	Jan. 29, 2013	Jan. 30, 2013	May 31, 2012	May 31, 2013
Subsequent Events [Abstract]
Issuance of Stock and Warrants for Services or Claims	$ 1,454,545	$ 1,454,545		$ 2,549,027	$ 2,648,430	$ 3,000,000	$ 2,500,000	$ 2,777,778	$ 712,644	$ 1,540,231	$ 2,820,075	$ 1,586,207	$ 3,590,249	$ 1,568,628	$ 2,928,740	$ 3,592,881	$ 1,565,218	$ 284,571
Stock Issued During Period, Value, Issued for Debt	$ 100	$ 1,600		$ 6,500	$ 3,585	$ 3,600	$ 4,500	$ 5,000	$ 3,100	$ 5,200	$ 11,315	$ 6,900	$ 16,225	$ 4,000	$ 7,150	$ 11,725	$ 5,400
Sale of Stock, Price Per Share (in Dollars per share)	$ 0.0011	$ 0.0011		$ 0.0026	$ 0.0025	$ 0.0012	$ 0.0018	$ 0.0018	$ 0.0043	$ 0.0043	$ 0.0043	$ 0.0041	$ 0.0043	$ 0.0025	$ 0.0025	$ 0.0033	$ 0.0034		$ 0.003
Stock Issued During Period, Shares, Conversion of Convertible Securities (in Shares)			2,933,333

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1. Nature of Operations and Continuance of Business

3 Months Ended

May 31, 2013

Nature of Operations [Abstract]

Nature of Operations [Text Block]

1.   Nature of Operations and Continuance of Business

The unaudited interim financial statements included herein have been prepared by Net Savings Link, Inc. (“NSL” or the “Company”) in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission. We suggest that these interim financial statements be read in conjunction with the audited financial statements and notes thereto included in our Form 10-K for the year ended November 30, 2012, as filed with the SEC. We believe that all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein and that the disclosures made are adequate to make the information not misleading.  The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year.  Notes to the financial statements which would substantially duplicate the disclosure contained in the audited financial statements for the most recent fiscal year as reported in Form 10-K have been omitted.

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3. Related Party Transactions

3 Months Ended

May 31, 2013

Related Party Transactions [Abstract]

Related Party Transactions Disclosure [Text Block]

3.    Related Party Transactions

As of May 31, 2013 and November 30, 2012, the Company owed $98,828 and $50,828, respectively, to the President and CEO of the Company for back due wages.

As of May 31, 2013 and November 30, 2012, the Company owed $125,427 and $77,427, respectively, to the Vice President and director of the Company for back due wages.

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6. Common Stock

3 Months Ended

May 31, 2013

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

6.    Common Stock

Common Stock Reverse Split

Effective March 15, 2013, the Company executed at 15-for-1 reverse split of its common stock.  The effect of the reverse split has been shown retrospectively for all references to issuances of common stock in the financial statements and these footnotes.

Common Stock Issuances

On December 12, 2012, the Company issued 2,648,430 shares of common stock for $3,585 of debt and $2,970 of accrued interest, or $0.0025 per share.

On January 7, 2013, the Company issued 712,644 shares of common stock for $3,100 of debt, or $0.0043 per share.

On January 10, 2013, the Company issued 1,540,231 shares of common stock for $5,200 of debt and $1,500 of accrued interest, or $0.0043 per share.

On January 13, 2013, the Company issued 2,820,075 shares of common stock for $11,315 of debt and $318 of accrued interest, or $0.0043 per share.

On January 15, 2013, the Company issued 1,586,207 shares of common stock for $6,900 of debt, or $0.0041 per share.

On January 16, 2013, the Company issued 3,590,249 shares of common stock for $16,225 of debt and $66 of accrued interest, or $0.0043 per share.

On January 29, 2013, the Company issued 3,592,881 shares of common stock for $11,725 of debt and $132 of accrued interest, or $0.0033 per share.

On January 30, 2013, the Company issued 1,565,218 shares of common stock for $5,400 of debt, or $0.0034 per share.

On February 13, 2013, the Company issued 2,928,740 shares of common stock for $7,150 of debt and $98 of accrued interest, or $0.0025 per share.

On February 20, 2013, the Company issued 1,568,628 shares of common stock for $4,000 of debt, or $0.0025 per share.

On March 20, 2013, the Company issued 2,549,027 shares of common stock for $6,500 of debt, or $0.0026 per share.

On April 2, 2013, the Company issued 2,500,000 shares of common stock for $4,500 of debt, or $0.0018 per share.

On April 22, 2013, the Company issued 2,777,778 shares of common stock for $5,000 of debt, or $0.0018 per share.

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4. Convertible Promissory Notes Payable

3 Months Ended

May 31, 2013

Debt Instrument, Convertible, Associated Derivative Transactions, Description [Abstract]

Debt Instrument, Convertible, Associated Derivative Transactions, Description

4.    Convertible Promissory Notes Payable

On March 8, 2013, the Company received funding from an Unsecured Convertible Promissory Note in the amount of $42,500.  The Convertible Promissory Note is unsecured, due November 4, 2013, accrued interest at 8% per annum and is convertible, at the option of the holder, into shares of the Company’s common stock after 180 days from issuance at forty one percent (41%) of the fair market value of one share of the Company’s common stock based on the average of the three lowest bid prices of the Company’s common stock during the ten trading days prior to the conversion date.

On April 8, 2013, the Company received funding from a Unsecured Convertible Promissory Note in the amount of $10,900.  The Convertible Promissory Note is unsecured, due January 10, 2014 accrued interest at 8% per annum and is convertible, at the option of the holder, into shares of the Company’s common stock after 180 days from issuance at thirty five percent (35%) of the fair market value of one share of the Company’s common stock based on the average of the two lowest bid prices of the Company’s common stock during the ninety trading days prior to the conversion date.

Due to their being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options embedded in the Convertible Promissory Notes, the conversion options, once available, will be deemed and classified as derivative liabilities and recorded at fair value.

During the six months ended May 31, 2013, holders of three Convertible Promissory Notes elected to convert a total of $90,600 in principal and $5,083 in interest into 30,380,108 shares of the Company’s common stock at an average conversion price of $0.003 per share.

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Balance Sheets (Parentheticals) (USD $)	May 31, 2013	Nov. 30, 2012
Property and equipment, net of accumulated depreciation (in Dollars)	$ 26,165	$ 19,887
Website development, net of accumulated amortization (in Dollars)	29,462	21,605
Convertible notes payable, net of debt discount (in Dollars)	$ 0	$ 8,119
Preferred stock par value (in Dollars per share)	$ 0.0001	$ 0.0001
Preferred stock shares authorized	1,000,000,000	1,000,000,000
Preferred stock issued	1,500,000	0
Preferred stock outstanding	1,500,000	0
Common stock par value (in Dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares issued	58,935,684	28,555,576
Common stock, shares outstanding	58,935,684	28,555,576

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5. Derivative Liabilities (Tables)

3 Months Ended

May 31, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]

Derivative liabilities November 30, 2012	$	54,062
Addition of new derivative		64,739
Reclassification of derivative liability to additional paid-in capital due to promissory note conversions		(136,930)
Losses on change in fair value		60,407
Balance at May 31, 2013	$	42,278

Schedule of Derivative Liabilities at Fair Value [Table Text Block]

Excess of fair value of conversion option derivative liabilities over the related notes payable	$	83,716
Day-one loss on addition of new derivative		14,739
Gains on change in fair value		(23,309)
Loss on derivative liabilities	$	75,146

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Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended		6 Months Ended
	May 31, 2013	May 31, 2012	May 31, 2013	May 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (325,953)	$ (619,005)
Items to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	14,135	14,136
Debt discount amortization	58,119	44,248
Debt offering cost amortization	2,204	2,883
Loss on derivative	75,146
Common stock issued for services		284,571
Changes in operating assets and liabilities
Increase in accounts receivable	(61)	(25,000)
Decrease (increase) in prepaid and other assets	941	(1,442)
Increase in accounts payable and accrued liabilities	19,481	6,183
Increase in related party accounts payable	96,000	17,109
Net Cash Used in Operating Activities	(59,988)	(276,317)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from convertible note payable	53,400	197,500
Cash paid for debt offering costs	(2,500)	(7,500)
Net Cash Provided by Financing Activities	50,900	190,000
INCREASE (DECREASE) IN CASH	(9,088)	(86,317)
CASH AT BEGINNING OF PERIOD	18,131	174,923
CASH AT END OF PERIOD	9,043	88,606	9,043	9,043
NON-CASH FINANCING ACTIVITIES:
Discount on convertible notes due to legal fees		50,000
Common stock issued for convertible notes and accrued interest	95,683
Discount on convertible notes payable from derivative instrument	50,000
Reclass of derivative to additional paid-in capital from debt conversion	136,930		(136,930)	5,083
Debt discount for warrants		$ 19,405		$ 50,000

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Balance Sheets (USD $)	May 31, 2013	Nov. 30, 2012
Current assets
Cash	$ 9,043	$ 18,131
Other current assets	3,452	4,037
Total Current Assets	12,495	22,168
Property and equipment, net of accumulated depreciation of $26,165 and $19,887, respectively	11,507	17,785
Website development, net of accumulated amortization of $29,462 and $21,605, respectively	49,103	56,960
TOTAL ASSETS	73,105	96,913
Current Liabilities:
Accounts payable and accrued liabilities	62,677	48,281
Due to related parties	224,255	128,255
Derivative liabilities	42,278	54,062
Convertible notes payable, net of debt discount of $0and $8,119, respectively	103,500	132,581
Total Current Liabilities	432,710	363,179
STOCKHOLDERS’ EQUITY(DEFICIT)
Series A Preferred Stock, $0.0001 par value, 1000,000,000 shares authorized, 1,500,000 and 1,500,000 shares issued and outstanding, respectively	15	15
Common stock, $0.001 par value, 1,000,000,000 shares authorized, 58,935,684 and 28,555,576 shares issued and outstanding, respectively	58,936	28,556
Additional paid-in capital	3,650,217	3,447,983
Accumulated deficit	(4,068,773)	(3,742,820)
Total Stockholders’ Equity (deficit)	(359,605)	(266,266)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)	$ 73,105	$ 96,913

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7. Financial Instruments (Details) - Fair Value Hierarchy at May 31, 2013 (USD $)	May 31, 2013	Nov. 30, 2012
Fair Value Hierarchy at May 31, 2013 [Abstract]
Derivative financial instruments	$ 42,278	$ 54,062

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8. Subsequent Events

3 Months Ended

May 31, 2013

Subsequent Events [Abstract]

Subsequent Events [Text Block]

8.    Subsequent Events

On June 13, 2013, the Company issued 1,454,545 shares of common stock for $100 of debt, or $0.0011 per share.

On June 13, 2013, the Company issued 1,454,545 shares of common stock for $1,600 of debt, or $0.0011 per share.

On June 21, 2013, the Company issued 2,933,333 shares of common stock for the conversion of debt.

On July 8, 2013, the Company issued 3,000,000 shares of common stock for $3,600 of debt, or $0.0012 per share.

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2. Going Concern (Details) (USD $)	May 31, 2013	Nov. 30, 2012
Going Concern Note [Abstract]
Retained Earnings (Accumulated Deficit)	$ (4,068,773)	$ (3,742,820)
Working Capital Deficit	$ 420,215

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7. Financial Instruments

3 Months Ended

May 31, 2013

Disclosure Text Block Supplement [Abstract]

Financial Instruments Disclosure [Text Block]

7.    Financial Instruments

ASC 820, Fair Value Measurements (ASC 820) and ASC 825, Financial Instruments (ASC 825), requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. It establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. It prioritizes the inputs into three levels that may be used to measure fair value:

Level 1 - Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.

Level 2 - Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.

Level 3 - Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.

NSL’s financial instruments consist principally of cash, accounts payable, and accrued liabilities. Pursuant to ASC 820 and 825, the fair value of cash is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. The recorded values of all other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations.

The following table sets forth by level with the fair value hierarchy the Company’s financial assets and liabilities measured at fair value on May 31, 2013:

		Level 1		Level 2		Level 3		Total
Assets
None	$	-	$	-	$	-	$	-
Liabilities
Derivative financial instruments	$	-	$	-	$	42,278	$	42,278

The following table sets forth by level with the fair value hierarchy the Company’s financial assets and liabilities measured at fair value on November 30, 2012:

		Level 1		Level 2		Level 3		Total
Assets
None	$	-	$	-	$	-	$	-
Liabilities
Derivative financial instruments	$	-	$	-	$	54,062	$	54,062

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2. Going Concern

3 Months Ended

May 31, 2013

Going Concern Note [Abstract]

Going Concern Note

2.    Going Concern

NSL’s financial statements are prepared using Generally Accepted Accounting Principles applicable to a going concern that contemplates the realization of assets and liquidation of liabilities in the normal course of business.  However, NSL has generated minimal revenue and accumulated significant losses since inception. As of May 31, 2013, company has accumulated deficit of $4,068,773 and a working capital deficit of $420,215. All of these items raise substantial doubt about its ability to continue as a going concern.  Management’s plans with respect to alleviating the adverse financial conditions that caused management to express substantial doubt about the NSL’s ability to continue as a going concern are as follows:

In order to fund the start-up of operations during the year ended November 30, 2012, NSL entered into several financing transactions and NSL plans to continue to try to raise funds in fiscal 2013. The continuation of NSL as a going concern is dependent upon its ability to generating profitable operations that produce positive cash flows.  If NSL is not successful, it may be forced to raise additional debt or equity financing.

There can be no assurance that NSL will be able to achieve its business plans, raise any more required capital or secure the financing necessary to achieve its current operating plan.  The ability of NSL to continue as a going concern is dependent upon its ability to successfully accomplish the plan described in the preceding paragraph and eventually attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

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5. Derivative Liabilities (Details) (USD $)	3 Months Ended		6 Months Ended
	May 31, 2013	May 31, 2012	May 31, 2013	May 31, 2013	May 30, 2013	Apr. 10, 2013	Mar. 09, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Convertible Notes Payable, Current	$ 90,600		$ 90,600	$ 90,600	$ 64,739	$ 90,600	$ 42,500
Amortization of Debt Discount (Premium)		19,405		50,000
Derivative, Gain (Loss) on Derivative, Net			136,930	14,739
Adjustments to Additional Paid in Capital, Equity Component of Convertible Debt	136,930		(136,930)	5,083
Adjustments to Additional Paid in Capital, Equity Component of Convertible Debt, Subsequent Adjustments			$ 75,146
Fair Value Assumptions, Risk Free Interest Rate Low Assumptions	0.11%
Fair Value Assumptions, Risk Free Interest Rate	1.06%
Fair Value Assumptions, Expected Term Low Assumption	0
Fair Value Assumptions, Expected Term	6 years
Fair Value Assumptions, Expected Volatility Rate Low Assumption	74.00%
Fair Value Assumptions, Expected Volatility Rate	837.00%
Fair Value Assumptions, Expected Dividend Rate	0.00%

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7. Financial Instruments (Tables)

3 Months Ended

12 Months Ended

May 31, 2013

Nov. 30, 2012

Disclosure Text Block Supplement [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

		Level 1		Level 2		Level 3		Total
Assets
None	$	-	$	-	$	-	$	-
Liabilities
Derivative financial instruments	$	-	$	-	$	42,278	$	42,278

		Level 1		Level 2		Level 3		Total
Assets
None	$	-	$	-	$	-	$	-
Liabilities
Derivative financial instruments	$	-	$	-	$	54,062	$	54,062

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6. Common Stock (Details) (USD $)	0 Months Ended		1 Months Ended	0 Months Ended	1 Months Ended		2 Months Ended	1 Months Ended				2 Months Ended	3 Months Ended		2 Months Ended		3 Months Ended
	Jun. 12, 2013	Jun. 13, 2013	Mar. 20, 2013	Dec. 12, 2012	Jul. 08, 2013	Apr. 02, 2013	Apr. 22, 2013	Jan. 07, 2013	Jan. 10, 2013	Jan. 13, 2013	Jan. 15, 2013	Jan. 16, 2013	Feb. 20, 2013	Feb. 13, 2013	Jan. 29, 2013	Jan. 30, 2013	Mar. 15, 2013	May 31, 2012	May 31, 2013	Nov. 30, 2012
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note, Stock Split, Conversion Ratio																	15
Common Stock, Shares Authorized (in Shares)																	1		1,000,000,000	1,000,000,000
Issuance of Stock and Warrants for Services or Claims	$ 1,454,545	$ 1,454,545	$ 2,549,027	$ 2,648,430	$ 3,000,000	$ 2,500,000	$ 2,777,778	$ 712,644	$ 1,540,231	$ 2,820,075	$ 1,586,207	$ 3,590,249	$ 1,568,628	$ 2,928,740	$ 3,592,881	$ 1,565,218		$ 284,571
Stock Issued During Period, Value, Issued for Debt	100	1,600	6,500	3,585	3,600	4,500	5,000	3,100	5,200	11,315	6,900	16,225	4,000	7,150	11,725	5,400
Interest Expense				$ 2,970					$ 1,500	$ 318		$ 66		$ 98	$ 132
Sale of Stock, Price Per Share (in Dollars per share)	$ 0.0011	$ 0.0011	$ 0.0026	$ 0.0025	$ 0.0012	$ 0.0018	$ 0.0018	$ 0.0043	$ 0.0043	$ 0.0043	$ 0.0041	$ 0.0043	$ 0.0025	$ 0.0025	$ 0.0033	$ 0.0034			$ 0.003

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5. Derivative Liabilities (Details) - Derivative Liabilities (USD $)	3 Months Ended	6 Months Ended
	May 31, 2013	May 31, 2013	May 31, 2013	Nov. 30, 2012
Derivative Liabilities [Abstract]
Derivative liability balance	$ 42,278	$ 42,278	$ 42,278	$ 54,062
Addition of new derivative		64,739
Reclassification of derivative liability to additional paid-in capital due to promissory note conversions	136,930	(136,930)	5,083
Losses on change in fair value	$ (23,309)	$ 60,407

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Document And Entity Information (USD $)	6 Months Ended
	May 31, 2013
Document and Entity Information [Abstract]
Entity Registrant Name	Net Savings Link, Inc.
Document Type	10-Q
Current Fiscal Year End Date	--11-30
Entity Common Stock, Shares Outstanding	58,935,684
Entity Public Float	$ 116,432
Amendment Flag	true
Amendment Description	The sole purpose of this Amendment to the Registrant's Quarterly Report on Form 10-Q for the period ended May 31, 2013 is to furnish the Interactive Data File exhibits pursuant to Rule 405 of Regulation S-T. No other changes have been made to this Form 10-Q and this Amendment has not been updated to reflect events occurring subsequent to the filing of this Form 10-Q.
Entity Central Index Key	0001432176
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Smaller Reporting Company
Entity Well-known Seasoned Issuer	No
Document Period End Date	May 31, 2013
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q2

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5. Derivative Liabilities (Details) - Loss on Derivative Liabilities (USD $)	3 Months Ended	6 Months Ended
	May 31, 2013	May 31, 2013
Loss on Derivative Liabilities [Abstract]
Excess of fair value of conversion option derivative liabilities over the related notes payable	$ 83,716
Day-one loss on addition of new derivative	14,739
Gains on change in fair value	(23,309)	60,407
Loss on derivative liabilities	$ 75,146