Using a food processor, pulse together the cream cheese, butter, and powdered sugar until it reaches a crumble.
Add in your extract and pulse again until it becomes a ball of dough.
On a non-stick surface coated in powdered sugar, break the dough into 2 even sections, set one section aside.
Place a few drops of your hot pink food coloring on the dough and knead well, adding powdered sugar as needed to prevent sticking (even on your hands), until the color is uniform.
Coat a rolling pin in more powdered sugar and roll the dough to 1/8th inch thick.
Prepare a cookie sheet with wax paper, set aside.
Use the heart shaped cookie cutter to cut hearts into the dough as close as you can, and use a thin metal spatula to transfer them to a sheet of wax paper. Continue rolling the dough and cutting out hearts until there is about 2 tablespoons left.
Mix the extra dough into the dough you set aside and knead, adding powdered sugar as needed to until it is a uniform lighter pink color.
Repeat step 7 above.
Allow the heart shaped mints to dry on wax paper untouched for at least 2 hours before serving.