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Equity-accounted Investments (Tables)
12 Months Ended
Dec. 31, 2023
Interests In Other Entities [Abstract]  
Schedule of Interests in Other Entities
Investment in Weichai Ballard JVDecember 31,
2023
December 31,
2022
Beginning balance$24,026 $28,982 
Capital contribution to JV— 9,272 
Recognition of 49% profit on inventory not yet sold to third party, net
1,205 549 
Equity in loss(9,931)(11,599)
Cumulative translation adjustment due to foreign exchange(1,399)(3,178)
Ending balance$13,901 $24,026 
The following tables summarize the financial information of Weichai Ballard JV as included in its own financial statements as of December 31, 2023, adjusted for foreign exchange differences, the application of the Corporation's accounting policies, and the Corporation's incorporation costs.
December 31,
2023
December 31, 2022
Percentage ownership interest (49%)
Current assets$63,023 $80,088 
Non-current assets132 2,618 
Current liabilities(29,265)(23,460)
Non-current liabilities— (2,314)
Net assets (100%)33,890 56,932 
Corporation's share of net assets (49%)
16,607 27,895 
Incorporation costs324 324 
Elimination of unrealized profit on downstream sales, net of sale to third party(3,030)(4,193)
Carrying amount of investment in Weichai Ballard JV$13,901 $24,026 
13.    Equity-accounted Investments (cont'd):
Investment in Weichai Ballard JV (cont'd)
December 31,December 31,
20232022
Revenue (100%)$12,705 $6,476 
Net loss (100%)20,268 23,672 
Corporation's share of net loss (49%)
$9,931 $11,599 
Investment in Synergy Ballard JVCo
Investment in Synergy Ballard JVCoDecember 31,
2023
December 31,
2022
Beginning balance$— $— 
Recognition of 10% profit on inventory sold to third party, net
200 18 
Equity in loss(200)(18)
Ending balance$— $— 
On completion of an Equity Transfer Agreement in October 2023, the Corporation disposed of its 10% investment in Synergy Ballard JVCo valued at $nil as of December 31, 2023. All remaining deferred revenue and profit on past downstream transactions totalling $736,000 were fully recognized in the year ended December 31, 2023 .