Preheat oven to 350°F. Line baking sheets with parchment paper.

Whisk together flour, sugar, baking powder and salt together in a bowl.

Melt butter in a second small bowl in a microwave or a small saucepan over low heat. Add cocoa to melted butter, whisking until smooth. Stir in the eggs, chocolate and vanilla extracts, fully blending in each one before adding the next.

Stir chocolate mixture into flour mixture just until combined. Fold chocolate chips and cherries into the dough until evenly distributed.

Shape into generous 2 inch balls using a cookie scoop or a heaping tablespoon measure. Roll balls in granulated sugar, then roll balls in powdered sugar (use lots of powdered sugar).

Place on prepared baking sheets, spacing 2 inches apart. Bake for 12 – 14 minutes or until cookies are cracked, yet still soft, do not overbake. (The look a bit uncooked even when they're done.) Let cookies cool on the pan for 5 minutes, then transfer to a rack.