If $R$ is a $\mathbb{Z}$-graded ring with no nonzero homogeneous prime ideals, I want to show $R$ is isomorphic to $R_0[x,x^{-1}]$ unless $R=R_0$.
Now if I take $0\neq x \in R_1$, $x$ has an inverse (since if not, $(x)$ is contained in a homogeneous prime), but why is $R_0[x,x^{-1}]$ everything?