In a large mixing bowl, use an electric mixer to beat together the softened cream cheese and unsalted butter on medium speed until smooth and creamy, about 2-3 minutes.

Gradually add the powdered sugar to the mixture while mixing on low speed, then increase to medium speed and mix until thick and creamy, about 2 more minutes.

Stir in the chopped dried cherries, finely chopped pecans, bourbon, and vanilla extract using a spatula until well combined.

Cover the bowl with plastic wrap and place it in the refrigerator for about 1 hour.

Oncefirm, scoop portions and roll them into small balls, about 1 inch in diameter.

Melt the semi-sweet or dark chocolate along with the coconut oil in a microwave-safe bowl.

Dip each chilled ball into the melted chocolate, ensuring they are entirely coated.

Garnish each ball with a whole or dried cherry before the chocolate coating sets.

Allow the chocolate to harden at room temperature for about 15-20 minutes before serving.