Preheat the oven to 325 degrees.
Line an 8 x 8 pan with non-stick aluminum foil or parchment paper.
In a large mixing bowl combine sour cream, water, vanilla extract, eggs, egg yolk, and butter.
Beat with a hand mixer on low for 2 minutes.
Turn off the mixer and slowly add the following dry ingredients: almond flour, Swerve granular sugar, baking powder and salt. Combine with a spatula.
Beat for 2 minutes on low or until all ingredients are combined. Place aside.
In a separate small bowl, combine cream cheese, 1/2 cup of Swerve confectioners sugar, and vanilla extract. Beat on low speed for 2 minutes.
Layer in a baking pan the following pattern: 1/2 flour mixture, cream cheese mixture, and remaining 1/2 flour mixture in pan.
Place in the oven and bake for 45-55 minutes OR until set.
While cooling, mix heavy whipping cream and Swerve confectioners sugar in a small bowl. Pour glaze on king cake.
Sprinkle with Swerve colored sugars.
Cut into small bars and serve!