Net Savings Link (NSAV) 10-Q 21 Apr 14 2014 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information (USD $)	3 Months Ended
	Feb. 28, 2014
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	164,079,458
Entity Public Float	$115,714
Amendment Flag	'false
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	28-Feb-14
Document Fiscal Year Focus	'2014
Document Fiscal Period Focus	'Q1

Balance_Sheets

Balance Sheets (USD $)	Feb. 28, 2014	Nov. 30, 2013
Current assets	'	'
Cash	$1,870	$2,800
Other current assets	2,479	1,532
Total Current Assets	4,349	4,332
Property and equipment, net of accumulated depreciation of $37,672 and $32,444, respectively	'	5,228
TOTAL ASSETS	4,349	9,560
Current Liabilities:	'	'
Accounts payable and accrued liabilities	33,485	36,362
Due to related parties	365,755	317,755
Derivative liabilities	175,115	90,699
Convertible notes payable, net of debt discount of $10,516 and $0, respectively	111,679	115,693
Total Current Liabilities	686,034	560,509
STOCKHOLDERS’ EQUITY(DEFICIT)	'	'
Series A Preferred Stock, $0.0001 par value, 100,000,000 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, 164,079,458 and 108,591,412 shares issued and outstanding, respectively	164,079	108,591
Additional paid-in capital	3,728,296	3,710,954
Accumulated deficit	-4,574,075	-4,370,509
Total Stockholders’ Equity (deficit)	-681,685	-550,949
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)	$4,349	$9,560

Balance_Sheets_Parentheticals

Balance Sheets (Parentheticals) (USD $)	Feb. 28, 2014	Nov. 30, 2013
Property and equipment, net of accumulated depreciation (in Dollars)	$37,672	$32,444
Convertible notes payable, net of debt discount (in Dollars)	$10,516	$0
Series A Preferred stock par value (in Dollars per share)	$0.00	$0.00
Series A Preferred stock shares authorized	100,000,000	100,000,000
Series A Preferred stock issued	1,500,000	1,500,000
Series A Preferred stock outstanding	1,500,000	1,500,000
Common stock par value (in Dollars per share)	$0.00	$0.00
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares issued	164,079,458	108,591,412
Common stock, shares outstanding	164,079,458	108,591,412

Statements_of_Operations_Unaud

Statements of Operations (Unaudited) (USD $)	3 Months Ended	12 Months Ended
	Feb. 28, 2014	Nov. 30, 2013
REVENUES	'	$6,066
OPERATING EXPENSES	'	'
Depreciation and amortization	5,228	7,068
General and administrative	69,748	68,753
Total Operating Expenses	74,976	75,821
OPERATING LOSS	-74,976	-69,755
OTHER EXPENSE	'	'
Loss on derivative	-96,441	-48,458
Interest expense	-32,149	-58,559
Total Other Expense	-128,590	-107,017
NET LOSS	($203,566)	($176,772)
BASIC NET LOSS PER COMMON SHARE (in Dollars per share)	$0	$0
BASIC WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING (in Shares)	133,054,210	38,362,294

Statements_of_Cash_Flows_Unaud

Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended
	Feb. 28, 2014	Feb. 28, 2013
CASH FLOWS FROM OPERATING ACTIVITIES	'	'
Net loss	($203,566)	($176,772)
Depreciation and amortization	5,228	7,068
Debt discount amortization	31,091	54,961
Debt offering cost amortization	1,058	1,171
Loss on derivative	96,441	48,458
Increase in other assets	-1,500	-61
Increase (decrease) in accounts payable and accrued liabilities	-877	9,093
Increase in related party accounts payable	48,000	48,000
Net Cash Used in Operating Activities	-24,125	-8,082
CASH FLOWS FROM FINANCING ACTIVITIES	'	'
Proceeds from convertible notes payable	23,700	'
Cash paid for debt offering costs	-505	'
Net Cash Provided by Financing Activities	23,195	'
INCREASE (DECREASE) IN CASH	-930	-8,082
CASH AT BEGINNING OF PERIOD	2,800	18,131
CASH AT END OF PERIOD	1,870	10,049
NON-CASH FINANCING ACTIVITIES:	'	'
Common stock issued for convertible notes and accrued interest	23,805	79,684
Discount on convertible notes payable from derivative instrument	37,000	50,000
Settlement of derivative liability to additional paid-in capital	$49,025	$125,032

1_Nature_of_Operations_and_Con

1. Nature of Operations and Continuance of Business	3 Months Ended
	Feb. 28, 2014
Natureof Operationsand Continuanceof Business [Abstract]	'
Natureof Operationsand Continuanceof Business	'
	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, 2013, 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

2. Going Concern	3 Months Ended
	Feb. 28, 2014
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 February 28, 2014, company has accumulated deficit of $4,574,075 and a working capital deficit of $681,685. 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 in 2012 and 2013 and continues to try to raise funds in 2014. 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

3. Related Party Transactions	3 Months Ended
	Feb. 28, 2014
Related Party Transactions [Abstract]	'
Related Party Transactions Disclosure [Text Block]	'
	3.    Related Party Transactions
	As of February 28, 2014 and November 30, 2013, the Company owed $168,328 and $144,328, respectively, to the President and CEO of the Company for back due wages.
	As of February 28, 2014 and November 30, 2013, the Company owed $197,427 and $173,427, respectively, to the Vice President and director of the Company for back due wages.

4_Convertible_Promissory_Notes

4. Convertible Promissory Notes Payable	3 Months Ended
	Feb. 28, 2014
Convertible Promissory Notes Payable [Abstract]	'
Convertible Promissory Notes Payable	'
	4.    Convertible Promissory Notes Payable
	During the three months ended February 28, 2014, the holder of two Convertible Promissory Notes elected to convert a total of $21,805 in principal and $2,000 in interest into 55,488,046 shares of the Company’s common stock at an average conversion price of $0.0004 per share.
	During February 2014, NSL issued an Unsecured Convertible Promissory Note for $27,300 (the “2014 Convertible Promissory Note”).  The 2014 Convertible Promissory Note is unsecured, due nine months from the date of issuance, accrues interest at 8% per annum and is convertible into shares of NSL’s common stock at any time at the option of the holder at a discount from market of 50% of the fair market value of one share of NSL’s common stock based on the lowest bid during the thirty days prior to the conversion date.

5_Derivative_Liabilities

5. Derivative Liabilities	3 Months Ended
	Feb. 28, 2014
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 three months ended February 28, 2014, 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 $117,310 using a Black-Scholes option-pricing model.  Upon the date the Convertible Promissory Notes became convertible, $37,000 was recorded as debt discount $80,310 was recorded as day one loss on derivative liability.
	During the three months ended February 28, 2014, $21,805 in principal amounts of Convertible Promissory Notes were converted into common stock (see Notes 4 and 6), $49,025 in related derivative liability was extinguished through a charge to paid-in capital and $24,512  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 February 28, 2014:
	Derivative liabilities November 30, 2013	$	90,699
	Addition of new derivative		37,000
	Reclassification of derivative liability to additional paid-in capital due to		(49,025	)
	promissory note conversions
	Losses on change in fair value		96,441
	Balance at February 28, 2014	$	175,115
	The following table summarizes the loss on derivative liabilities included in the income statement for the three months ended February 28, 2014:
	Excess of fair value of conversion option derivative liabilities over the related	$	80,310
	notes payable
	Losses on change in fair value		16,131
	Loss on derivative liabilities	$	96,441
	NSL valued its derivatives liabilities using the Black-Scholes option-pricing model.  Assumptions used during the three months ended February 28, 2014 include (1) risk-free interest rates between 0.02% to 1.52%, (2) lives of between 0 and 5.3 years, (3) expected volatility of between 176% to 2,583%, (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

6. Common Stock	3 Months Ended
	Feb. 28, 2014
Stockholders' Equity Note [Abstract]	'
Stockholders' Equity Note Disclosure [Text Block]	'
	6.    Common Stock
	On December 11, 2013, the Company issued 4,695,652 shares of common stock for $2,560 of debt, or $0.00055 per share.
	On December 17, 2013, the Company issued 4,696,970 shares of common stock for $1,550 of debt, or $0.00033 per share.
	On December 23, 2013, the Company issued 4,696,970 shares of common stock for $1,550 of debt, or $0.00033 per share.
	On December 30, 2013, the Company issued 4,696,970 shares of common stock for $1,550 of debt, or $0.00033 per share.
	On January 15, 2014, the Company issued 3,809,091 shares of common stock for $2,190 of debt and $2,000 of accrued interest, or $0.0011 per share.
	On January 23, 2014, the Company issued 4,693,878 shares of common stock for $2,300 of debt, or $0.00049 per share.
	On January 28, 2014, the Company issued 4,693,878 shares of common stock for $2,300 of debt, or $0.00049 per share.
	On February 3, 2014, the Company issued 4,707,317 shares of common stock for $1,930 of debt, or $0.00041 per share.
	On February 5, 2014, the Company issued 4,708,333 shares of common stock for $1,695 of debt, or $0.00036 per share.
	On February 11, 2014, the Company issued 4,709,677 shares of common stock for $1,460 of debt, or $0.00031 per share.
	On February 14, 2014, the Company issued 4,689,655 shares of common stock for $1,360 of debt, or $0.00029 per share.
	On February 20, 2014, the Company issued 4,689,655 shares of common stock for $1,360 of debt, or $0.00029 per share.

7_Financial_Instruments

7. Financial Instruments	3 Months Ended
	Feb. 28, 2014
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 February 28, 2014:
		Level 1		Level 2		Level 3		Total
	Assets
	None	$	-	$	-	$	-	$	-
	Liabilities
	Derivative financial instruments	$	-	$	-	$	175,115	$	175,115
	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, 2013:
		Level 1		Level 2		Level 3		Total
	Assets
	None	$	-	$	-	$	-	$	-
	Liabilities
	Derivative financial instruments	$	-	$	-	$	90,699	$	90,699

5_Derivative_Liabilities_Table

5. Derivative Liabilities (Tables)	3 Months Ended
	Feb. 28, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Schedule of Summary of Derivative Liability	'
	Derivative liabilities November 30, 2013	$	90,699
	Addition of new derivative		37,000
	Reclassification of derivative liability to additional paid-in capital due to		(49,025	)
	promissory note conversions
	Losses on change in fair value		96,441
	Balance at February 28, 2014	$	175,115
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]	'
	Excess of fair value of conversion option derivative liabilities over the related	$	80,310
	notes payable
	Losses on change in fair value		16,131
	Loss on derivative liabilities	$	96,441

7_Financial_Instruments_Tables

7. Financial Instruments (Tables)	3 Months Ended									12 Months Ended
	Feb. 28, 2014									Nov. 30, 2013
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			Level 1		Level 2		Level 3		Total
	Assets									Assets
	None	$	-	$	-	$	-	$	-	None	$	-	$	-	$	-	$	-
	Liabilities									Liabilities
	Derivative financial instruments	$	-	$	-	$	175,115	$	175,115	Derivative financial instruments	$	-	$	-	$	90,699	$	90,699

2_Going_Concern_Details

2. Going Concern (Details) (USD $)	Feb. 28, 2014
Going Concern Note [Abstract]	'
Cumulative Earnings (Deficit)	$4,574,075
Working Capital Deficit	$681,685

3_Related_Party_Transactions_D

3. Related Party Transactions (Details) (USD $)	Feb. 28, 2014	Nov. 30, 2013
Related Party Transactions [Abstract]	'	'
Due to President and CEO, Current	$168,328	$144,328
Due to Vice President, Current	$197,427	$173,427

4_Convertible_Promissory_Notes1

4. Convertible Promissory Notes Payable (Details) (USD $)	3 Months Ended
	Feb. 28, 2014	Nov. 30, 2013
Convertible Promissory Notes Payable [Abstract]	'	'
Convertible Note Payable, Number of Notes	2	'
Convertible Notes Payable, Current	$111,679	$115,693
Debt Instrument, Convertible, Interest Expense	2,000	'
Debt Conversion, Converted Instrument, Shares Issued	55,488,046	'
Sale of Stock, Price Per Share	$0.00	'
Convertible Notes Payable	$27,300	'
Debt Instrument, Convertible, Effective Interest Rate	8.00%	'
Debt Instrument, Convertible, Conversion Ratio	0.5	'

5_Derivative_Liabilities_Detai

5. Derivative Liabilities (Details) (USD $)	3 Months Ended
	Feb. 28, 2014	Nov. 30, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'	'
Convertible Notes Payable, Current	$111,679	$115,693
Amortization of Debt Discount (Premium)	37,000	'
Debt Instrument, Convertible, If-converted Value in Excess of Principal	80,310	'
Debt Conversion, Converted Instrument, Amount	21,805	'
Adjustments to Additional Paid in Capital, Equity Component of Convertible Debt, Subsequent Adjustments	49,025	'
Derivative, Gain (Loss) on Derivative, Net	$24,512	'
Fair Value Assumptions, Risk Free Interest Rate Low Assumptions	0.02%	'
Fair Value Assumptions, Risk Free Interest Rate	1.52%	'
Fair Value Assumptions, Expected Term Low Assumption	'0	'
Fair Value Assumptions, Expected Term	'5 years 109 days	'
Fair Value Assumptions, Expected Volatility Rate Low Assumption	176.00%	'
Fair Value Assumptions, Expected Volatility Rate	2583.00%	'
Fair Value Assumptions, Expected Dividend Rate	0.00%	'

5_Derivative_Liabilities_Detai1

5. Derivative Liabilities (Details) - Summary of Derivative Liability (USD $)	3 Months Ended
	Feb. 28, 2014	Feb. 28, 2013
Summary of Derivative Liability [Abstract]	'	'
Derivative liability at period end	$90,699	'
Addition of new derivative	37,000	'
Reclassification of derivative liability to additional paid-in capital due to promissory note conversions	49,025	125,032
Losses on change in fair value	96,441	48,458
Derivative liability at period end	$175,115	'

5_Derivative_Liabilities_Detai2

5. Derivative Liabilities (Details) - Summary Loss on Derivative Liability (USD $)	3 Months Ended
	Feb. 28, 2014	Feb. 28, 2013
Summary Loss on Derivative Liability [Abstract]	'	'
Excess of fair value of conversion option derivative liabilities over the related notes payable	$80,310	'
Losses on change in fair value	16,131	'
Loss on derivative liabilities	$96,441	$48,458

6_Common_Stock_Details

6. Common Stock (Details) (USD $)	0 Months Ended	1 Months Ended				2 Months Ended				3 Months Ended
	Dec. 11, 2013	Dec. 17, 2013	Dec. 23, 2013	Dec. 30, 2013	Jan. 15, 2014	Jan. 23, 2014	Jan. 28, 2014	Feb. 03, 2014	Feb. 05, 2014	Feb. 11, 2014	Feb. 14, 2014	Feb. 20, 2014
Stockholders' Equity Note [Abstract]	'	'	'	'	'	'	'	'	'	'	'	'
Stock Issued During Period, Shares, Issued for Debt (in Shares)	4,695,652	4,696,970	4,696,970	4,696,970	3,809,091	4,693,878	4,693,878	4,707,317	4,708,333	4,709,677	4,689,655	4,689,655
Issuance of Stock and Warrants for Services or Claims	$2,560	$1,550	$1,550	$1,550	$2,190	$2,300	$2,300	$1,930	$1,695	$1,460	$1,360	$1,360
Equity Issuance, Per Share Amount (in Dollars per share)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Stock Issued During Period, Value, Issued for Debt Interest	'	'	'	'	$2,000	'	'	'	'	'	'	'

7_Financial_Instruments_Detail

7. Financial Instruments (Details) - Fair Value of Financial Assets (USD $)	Feb. 28, 2014	Nov. 30, 2013
Fair Value of Financial Assets [Abstract]	'	'
Derivative financial instruments	$175,115	$90,699

7_Financial_Instruments_Detail1

7. Financial Instruments (Details) - Fair Value of Financial Assets (USD $)	Feb. 28, 2014	Nov. 30, 2013
Fair Value of Financial Assets [Abstract]0	'	'
Derivative financial instruments	$175,115	$90,699