Combine the chocolate chips, coconut milk, & butter in a medium saucepan over low heat. Stir until melted & smooth.

Remove from the heat & add the vanilla & coconut extracts. Stir.

Pour into a shallow bowl & chill until set, about 1 hour.

When harden, scoop by using a rounded teaspoon or a small ice cream scooper. Roll between palms to form balls.

Roll each ball in the toasted coconut flakes.

Chill before serving.