Preheat oven to 350 degrees F (175 degrees C).
Grease a 8-inch square pan with coconut oil or butter
Whisk together the glutinous rice flour, sugar and baking powder, set aside.
In a medium bowl, mix water, vanilla, coconut milk and food color / flavor.
Mix into the glutinous rice flour mixture.
Pour into the prepared pan.
Cover the pan with foil and bake for 35-40 minutes. Let mochi cool completely
Heat a pan over medium heat; add the rice flour and toast for about 5 minutes until lightly browned. Keep on stirring so rice flour will not burn
dust a cutting board or a clean surface with toasted rice flour, put the remaining flour in a small bowl or plate and set aside.
Turn mochi onto the rice flour-dusted cutting board or surface
Cut into bite size pieces; use a plastic knife or dough cutter dusted with rice flour
Roll the bite-size pieces of mochi in toasted rice flour. Serve with tea or coffee.