I would like to understand in detail the fact that given $\tilde{M}\cong \tilde{N}$ on $\operatorname{Proj}B$, then it is not always true in general that $M \cong N$.
I know this has to do with playing with the grading; so, as I understand, one fixes a $K\in \mathbb{N}$ and considers $N = \sum_{k \geq K} M_k$ and then proves that:
i) $N$ is not isomorphic to $M$, because in degrees $d<K$ one has $N = 0$;
ii) one proves $\tilde{M} \cong \tilde{N}$ because for every homogenous element $f$, one has $$\tilde{M}(D_+(f))=M_{(f)}\cong N_{(f)}=\tilde{N}(D_+(f))$$
Although I can buy it intuitively, I am bit lost on the concrete and specific details of this though.
Can someone explain to me this example?
Ps. This example is taken from Q. Liu's book (remark 1.18, 5.1.4), where he works with two abstract graded modules $M$ and $N$, so the argument should work in this generality, and I would like to understand it this way.