In the part Proof of III, Pg. No. 9, under proof of Proposition 3, Chapter I, it says the following : Let $x$ be a nonzero element of $m$, and form the ring $A_x$ of fractions of the form $\frac{y}{x^n}$, with $y \in A$, and $ n \geq 0$ arbitrary. Then, Condition (ii) implies that $A_x = K$ ; indeed if not, $ A_x$ would not be a field,... Here, Condition (ii) is the following: $A$ has a unique non-zero prime ideal, where $A$ is a Noetherian integral domain.
I understand till before the part in bold, can someone please help me to understand the part in bold? I attach the images of the pages of relevant section below (pardon me for the bad image quality):

