Pre-heat oven to 350 degrees.
Melt butter in sauce pan and add in Swerve. Stir until Swerve is completely melted and then add heavy whipping cream and vanilla. Stir over medium heat for about 5 minutes.
Remove glaze from heat.
Separate two eggs and set aside yolks for later. Whip egg whites to stiff peaks and set aside.
Mix together dry ingredients and softened cream cheese.
Add wet ingredients and stir until well mixed.
Gently fold egg whites into mixture. Stir until color is consistent.
Spray donut pan with coconut spray and fill approximately 2/3 of the way.
Bake in oven for 14-16 minutes or until lightly browned. Allow donuts to cool in pan for 5 minutes then move to a baking rack to cool completely.
Allow glaze to completely cool and thicken before dipping donuts in glaze. You may also glaze very lightly and/or allow donuts to sit out to avoid being wet.