Heat oil in a medium skillet or deep-fryer to 350 degrees F.
Mix the sugar and cinnamon together in a small bowl. Set aside. Remove rolls from container, set icing aside.
Cut each roll into quarters. Gently and carefully place 4 quarter rolls at a time into the oil and fry for 30 seconds to 1 minute or until really golden brown ( you want to make sure they fully cook in the center ).
Place cooked rolls onto a paper towel-lined plate to soak up grease. Once all rolls have been cooked, roll them into the cinnamon and sugar mixture. Place icing in a microwavable bowl and heat for 10 seconds. Add in vanilla and almond extract and stir. Drizzle over the doughnuts and devour!!