Whir coconut in a blender or food processor until very finely ground.
Add honey, coconut oil, and extract.
Process until well mixed.
Remove from processor bowl and roll 1 inch diameter balls in your hands.
Melt chocolate over (not in) simmering water, Remove from heat and stir in coconut oil.
Dip the chilled balls in the melted chocolate using two forks. Let the excess chocolate drip off, then place on a parchment paper-lined baking sheet. Store in the refrigerator.