Preheat the oven to 400°F. Line a baking sheet with parchment paper.
In a large bowl, combine ground chicken, breadcrumbs, Parmesan cheese, cilantro, onion, garlic, egg, cumin, paprika, salt, black pepper, and cayenne pepper. Mix until well combined.
Using your hands, form the mixture into 1-inch meatballs and place them on the prepared baking sheet.
Drizzle olive oil over the meatballs. Bake in the preheated oven for 20-25 minutes, or until cooked through and golden brown.
While the meatballs are baking, prepare the spicy sauce. In a small saucepan, combine tomato sauce, hot sauce, lime juice, garlic powder, onion powder, salt, and pepper. Simmer over low heat for 5-10 minutes, stirring occasionally.
Once the meatballs are done, remove them from the oven and toss them in the spicy sauce. Serve warm.