You can in fact explicitly construct the inverses of elements if $N$ is anisotropic. Let $q \
eq 0$ be an element of $H$. Then $N(q) = q\bar{q}$ is a non-zero element of $K$. Note that this implies that $$\frac{q\bar{q}}{N(q)} = 1,$$ in other words, the inverse of $q$ is $\bar{q}/N(q)$. Thus, $H$ is a division algebra.