Meatballs: Combine all ingredients in a large ziplock bag. Mix until just well blended. Shape into 1" balls. Place on parchment lined, rimmed cookie sheet. Bake at 350 degrees for 12-15 minutes or until cooked through.
For Sauce: Combine all ingredients in a large saucepan. Cook until hot and blended. Add meatballs; heat through. Serve hot with cocktail picks.