Preheat oven to 325 degrees F.
Place parchment paper on 2 large baking sheets.
Place the almond flour, coconut flour, baking powder and salt in a medium bowl. Stir well to combine.
OPTIONAL STEP: Use browned butter for an amazing caramel flavor. To make brown butter, place butter in a saucepan on medium-high heat. Whisking often, heat until butter foams up and brown flecks appear. Remove from heat and allow to cool.
Place the softened butter in a medium bowl and beat with natural sweetener for a minute. Add the egg, extract and natural food dye if using. Add in the almond flour mixture and stir well to combine.
Place dough into the Spritz cookie press and turn the handle according to the manufacturers directions to make cookies on the parchment paper.
Bake for 12 or until cookies are cooked but not turning brown on the edges. Remove from oven and allow to cool completely. They will be soft.
In a small bowl, combine cream cheese, sweetener and food dye. Pipe onto cookies.