In a medium bowl, beat the cream cheese, sugar, vanilla and coconut extracts until smooth.
Beat in the egg until smooth.
Finally blend in the coconut milk and whipping cream.
Fold in the 3 tbsp. toasted coconut.
Divide the cheesecake filling equally between the 12 muffin cups.
Place in the pre-heated oven and bake for 15 - 20 minutes until the cheesecake has set and does not jiggle when you give the pan a slight shake.
Remove from the oven and cool completely.