Preheat the oven to 350 degrees F.
For the meatballs, combine all of the ingredients and mix well. Form into about 12 meatballs (right around 2-inches each). Place in a lightly greased 9X13-inch pan.
For the sauce, whisk together the ingredients until well-combined.
Pour the sauce over the meatballs and bake for 30 minutes or until the meatballs are cooked through and the sauce is slightly thickened.
Serve over hot, cooked rice, if desired.
