In a medium bowl, use an electric hand mixer to beat the softened cream cheese and butter until smooth and creamy.
Beat in the powdered sweetener and pure lemon extract until fully combined. The mixture will be soft.
Cover the bowl and chill the mixture in the refrigerator for 15-20 minutes, or until it's firm enough to handle.
Spread the shredded coconut on a small plate. Use a small cookie scoop or a spoon to portion the chilled mixture into 16 equal balls, rolling them between your palms.
Gently roll each ball in the shredded coconut to coat completely.
Place the finished fat bombs on a parchment-lined plate or serving pan.
Refrigerate for at least 1-2 hours to allow them to set firmly. For best results, chill for 3-4 hours.
Serve cold.