Preheat oven to 350º fahrenheit.
In a large bowl, combine all dry ingredients except chocolate chips and coconut, and stir well.
Next, in the bowl of your mixer, beat butter and coconut oil until creamy and blended. Then add in sugar and beat until fluffy. Add in egg and yolk, about 2 minutes until combined.
Add in vanilla extract, beating until blended well.
Slowly, add in your dry ingredients mixing well until combined, then slowly add in chocolate chips and coconut mixing well.
Form 1 inch round dough balls and place on a cookie sheet about 2 inches apart.
Bake at 350º for 10-14 minutes.
Enjoy!