Create a double boiler by placing a glass bowl over a saucepan with a few inches of water in it.

Place all the ingredients with the exception of the shredded coconut in the double boiler over medium heat.

While waiting for the ingredients to melt, be sure to mix them together.

Once all of the ingredients are combined remove the bowl from the heat.

Place the bowl of ingredients in the fridge for about 30 minutes, or until it is hard enough to roll into balls.

Roll the mixture into one-inch balls then cover them with the shredded coconut.

Refrigerate the balls for approx. 1 hour.