In a large bowl, combine all meatball ingredients and mix well. Form into 20 meatballs (about a 1/4 cup each) and place in the bottom of a greased 9x13 pan. Bake in preheated oven for 15 minutes or until cooked through.
Meanwhile, prepare sauce by combining all ingredients in a small bowl. When the meatballs have finished cooking, transfer to a serving dish and drizzle with some of the prepared sauce.
Serve meatballs over rice with with remaining sauce, if desired. Enjoy!