In a mixing bowl, combine the ingredients for the donuts, and beat on high until a smooth batter has formed.
Fill the sections of a well greased donut pan with the batter, and bake for 15-20 minutes until browned and cooked through.
While the donuts are cooking, place the brown sugar replacement and bacon pieces in a skillet over low heat on the stove and stir until the sugar is melted, remove from the heat and save for later.
Let the donuts cool completely.
Whisk together the ingredients for the glaze, and dip the top of each donut into it.
Sprinkle the donuts with the sugared bacon, and serve.